I’ve got news!!!!!!
INMG Investor relations already replied to my email this morning. See answers below under the questions. Sorry it’s not more clear I can’t do much from my phone but also I will post their info right here...
Kush is operated in association with TSMI – INMG receives the majority of revenues
Kush is operated under an agreement between the companies and the Merchant Bank
Here’s the email chain starting with their reply:
Thank you for your interest in Innovativ Media Group - please see responses to your questions in bold below:
-----Original Message-----
From:
Sent: Thursday, January 25, 2018 3:49 AM
To: info@innovativmedia.com
Subject: Investor Needing Clarification on Your Press Release
Hello, I am a holder of 650,000 shares of INMG (and potentially a lot more depending on clarification received from your response to my email) and am writing on behalf of myself and other investors holding millions of shares.
There has been a considerable amount of confusion about the nature of the relationship with Total Sports Media and Kush Processing.
The wording of the press release made it sound to me and others that TSMI owns and created Kush and will just be marketing it on the INMG owned sites? My belief is that this perception is why TSMI is up 1000% today and INMG up 1%.
Now I’m hearing conflicting reports that INMG owns the site.
My questions are:
1). Please clarify who owns Kush Processing, TSMI or INMG
Kush is operated in association with TSMI – INMG receives the majority of revenues
2). Who receives the processing fee/revenue generated from the Kush Processing product (aka if an x% processing fee received per transaction, which corporation receives that)
See above
3). Is there a legal relationship between TSMI and INMG or are they just partnering on this venture? Is Kush a legal Joint Venture between the two?
Kush is operated under an agreement between the companies and the Merchant Bank
4). Any other clarifying information would be greatly appreciated.
NO ANSWER PROVIDED
I would encourage you if possible to provide a clarifying press release or 8-K with further details...I feel this clarification could provide significant shareholder value to INMG’s shareholders.
Thank you in advance for your reply and I (and others) are big believers in INMG and rooting hard for your success!
