I JUST RECEIVED A REPLY FROM INMG INVESTOR RELATIONS TO YOUR QUESTIONS...SEE BELOW:
Thank you for your continuing interest in Innovativ Media Group. Please see our responses to your questions in bold below:
A few questions come to mind after re-reading this. First, the company has strategic partnerships with banks in the credit card processing sector. Seems like we should know who these partners are.
-We have relationships with multiple processors off-shore and domestically as well as confidentially agreement(s) protecting these relationships. In obtaining a relationship with partners we scrutinize their reputation for each niche of business we bring to them, their payments, rates, process and system flow as well as their financial stability. The nature of each relationship is customized to fit the needs of the dispensary or product.
Second, Kush has a management team with "15 years of experience." We know that's not Tom nor Micheal Hill. Who are these people running Kush? They started offering Kush services back in January, seems like introducing the players at startup would be standard procedure upon opening.
-Kush Processing has taken the long and educational road coming into being. We are fortunate enough to have a core group of business associates at TSMI who have decades of experience with industries that have had their share of legislative challenges. We have the faith and determination to find revolutionary insights when others seem to be content to offer patchwork solutions or sit back and wait. The banks that we work with have serviced online gaming, off-track betting, payday lenders, call centers, monthly membership programs and just about any other high-risk merchant.
Third, over 500 dispensaries listed on the LCD? I was just on the website and counted a lot fewer than that, I wonder where the 500 figure comes from. Not saying there isn't over 500, but if you visit the website you won't find over 500 there on the LCD.
-There are currently 538 listed on LCD
Fourth, "we anticipate significant near-term demand for the service." With all this pent up demand for merchant management solutions, we should be rolling in new clients by now. I'd love to see a progress report on new signups. At $30k a pop, it would be easy to calculate how much revenue is being generated.
-We intend to provide periodic statistical updates in our disclosure documents.
Fifth, not Kush related, but is larger picture. How much traffic is hitting CannaNetTv on a regular basis? This figure is going to drive advertising revenue. How are we doing? I don't expect Amazon-type traffic, but it would be really nice to know if we are trending higher.
-We intend to provide periodic statistical updates in our disclosure documents.
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