(INMG) Innovativ Media Group Share Structure
Market Value $2,742,212 a/o Dec 26, 2017
Authorized Shares 500,000,000 a/o Jun 28, 2017
Outstanding Shares 291,724,670 a/o Dec 11, 2017
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 172,611,602 a/o Dec 11, 2017
Par Value Not Available
https://www.otcmarkets.com/stock/INMG/profile INMG from the latest Quarterly: (Q3) Total Assets: $2,700,000
Total Current Liabilities: $90,000
Q3 Revenue: $58,000
Total Operating Expenses: $70,000
Net Loss for the Q3: $12,000 C.E.O. TOM COLEMAN OWNS 92 MILLION SHARES - See link Page 6 https://www.otcmarkets.com/financialReportViewer?symbol=INMG&id=182194 LOS ANGELES, CA--(Marketwired - Nov 28, 2017)
- Innovativ Media Group, Inc. (OTC PINK: INMG) ("Company") today announced that CannaNet.TV http://www.cannanet.tv/
, its online, ad supported channel, streaming entertainment, informational and educational content related to the cannabis and CBD culture and industry, will be 'live' as of 8:30 am EST this morning.
The platform will launch with an eclectic, on-demand mix of movies, videos and music titles, the CannaNet Radio Network, the Cannabis 101 Talk 'potcast,' a selection of cannabis related apps and a wide assortment of news, tutorials, videos and other features in its 'World Wide Weed' section. http://www.otcmarkets.com/stock/INMG/news/Innovativ-Media--INMG--Launches-CannaNet-TV?id=176425&b=y Innovativ Media (INMG) Redeems Series B Preferred Shares LOS ANGELES, CA--(Marketwired - Oct 11, 2017)
- Innovativ Media Group, Inc. (OTC PINK: INMG) ("Company"), a multi-media content producer and distributor, today announced that it has redeemed all of the Series B Preferred Stock held by an original Company investor in exchange for a Promissory Note for $110,000. The Company also reported that it had secured an investment from a private equity source for $52,000 in the form of a 6% Note, which is convertible into restricted shares of the Company's common stock at a fixed conversion price of $.0261 per share. The Company has no other debt on its balance sheet and has no obligation to register any of the shares.
Tom Coleman, CEO of Innovativ Media said: "The Company decided it was an appropriate time to exercise the option it had under a lock-up agreement to redeem the shares and remove any uncertainty regarding long term dilution. We are committed to scaling CannaNet.TV http://www.cannanet.tv/
rapidly and the funds provided by the Note will help us accelerate growth and capitalize on some developing opportunities." http://www.otcmarkets.com/stock/INMG/news/Innovativ-Media--INMG--Redeems-Series-B-Preferred-Shares?id=172123&b=y
The PREFERRED B SERIES shares he used on October 18, 2017 were for 25 million shares. The 10 Preferred B shares that were exercised at market caused the dip (10 SERIES B x 2.5 million = 25 million shares). THAT CANNOT HAPPEN AGAIN BECAUSE THEY ARE NO LONGER AVAILABLE. THEY WERE EXTINGUISHED AS PER PRESS RELEASE DATED OCTOBER 11, 2017. http://www.otcmarkets.com/stock/INMG/news/Innovativ-Media--INMG--Redeems-Series-B-Preferred-Shares?id=172123&b=y
This has been the dilution component for the owner of those shares since the inception of the ticker.
HE CUT A DEAL with a lender for a restricted note that CANNOT be exercised for 1 year, and it has a strike price of $0.0261. This was done to protect the future prospects of growth for the company, and to protect the shareholders and HIMSELF.
TOM COLEMAN OWNS 92 MILLION COMMON SHARES.
The first potential round of dilution would be June 25th, 2018. That's exactly one year from when the restricted shares used to purchase a minority stake in Night Flight were issued. From the PR: The Company’s equity interest in Night Flight, Inc. was purchased with a combination of cash and through the issuance of restricted common shares of the Company’s stock and was completed on June 25, 2017. BECAUSE OF RULE 144, THE NOTE HOLDER CANNOT SELL THEM UNTIL OCTOBER 2018, THEREFORE, WE WILL REMAIN WITH A FLOAT OF 172,611,602 SHARES UNTIL JUNE 25, 2018 AT THE EARLIEST!!! https://www.sec.gov/reportspubs/investor-publications/investorpubsrule144htm.html