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HUGE INMG NEWS! TA verifies float of 172,611,602

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lasombra   Wednesday, 01/03/18 09:12:52 AM
Re: None
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HUGE INMG NEWS! TA verifies float of 172,611,602 that is locked and cannot be diluted until summer 2018 at the earliest. Share structure was updated yesterday!

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.
http://www.otcmarkets.com/stock/INMG/news/Innovativ-Media--INMG--Acquires-Minority-Stake-in-Night-Flight?id=163182&b=y

The PREFERRED B SERIES shares he used on October 18, 2017 were exercised under a lock-up agreement to redeem the shares and remove any uncertainty regarding long term dilution. Dilution cannot happen again because they are no longer available.
http://www.otcmarkets.com/stock/INMG/news/Innovativ-Media--INMG--Redeems-Series-B-Preferred-Shares?id=172123&b=y

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

Share Structure
Market Value $3,760,331 a/o Dec 29, 2017
Authorized Shares 500,000,000 a/o Jan 02, 2018
Outstanding Shares 291,724,670 a/o Jan 02, 2018
-Restricted Not Available
-Unrestricted Not Available
Held at DTC Not Available
Float 172,611,602 a/o Jan 02, 2018
Par Value Not Available
https://www.otcmarkets.com/stock/INMG/profile


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