INNOVATIV MEDIA GR COM USD0.0001 (OTCMKTS:INMG) Looks To Be A Discount Entry Opportunity

Today, we need to talk again about INNOVATIV MEDIA GR COM USD0.0001 (OTCMKTS:INMG), the content producer, which we have covered several times in the past. Our readers will remember well that the company's financial situation was stable, but this was not the key on this name. INMG has been releasing outstanding news that was making the share price increase. INMG LogoWe have been covering the stock since April when the share price spiked delivering astonishing returns. We have seen other share price spikes in the months of August and September. They were usually created by announcements released by INMG. That's the reason why we always encourage readers to subscribe to news alerts that we provide or any other free system.After having a close look at the following chart, we realized that the share price spiked again in October. From approximately $0.0097 per share, the share price increased to $0.0172 in only a few days. We cannot really tell whether the price would continue like previous occasions, but, in any case, we decided to assess what's going on with the company.Have a look at the recent share price action and form your own opinion before we provide more details: 1 year chart for INMGLet's revisit the company's business model for those who could not read the previous articles. Innovativ Media Group, Inc. is a developer, producer and distributor of digital entertainment and other multi-media content. More specifically, its revenues are obtained from the distribution of films, its operation as Film Finance Exchange, and the management of the following channels:

• CannaNet. TV Channel
• New Broadway Cinema
• The Alien Interview Channel
• HPLovecraft.TV Channel
• VOD Movie Guide

Recent DevelopmentsOn September 20, 2017, the company noted in a press release that the Live Streaming content recorded at the recent MJAC2017 Investors Hub International Cannabis Conference would be available on-demand starting October 2nd on the Company's CannaNet.TV platform.Tom Coleman, CEO of Innovativ Media, was quoted:

"The Company had an excellent experience at the MJAC Conference and demonstrated it could produce and distribute a high quality live event to a worldwide audience. The CannaNet.TV team also met with numerous advertisers, publishers and investors during the Conference who showed a great deal of enthusiasm for our platform, which will uniquely benefit their content and products." Source

We appreciate INMG's efforts and also believe that the company is building public awareness that should have a positive effect on the stock price in the near future.How did the market react?We believe that the share price did not jump on the announcement on September 20, 2017. The market already knew that INMG was going to cover the MJAC2017 event. The only new detail was that the company was going to release some of the work done on October 2, 2017. We obviously expected a spike on October 2, 2017, as many market participants could not attend the MJAC2017.Have a look at the spike: 1 month chart for INMGWas that share spike created by the new content?Yes, we believe so. We could find a video released in October, which you can watch via this link, wherein you can see the large amount of people that attended the conference. It helps explain the expectations created around the cannabis industry and the demand for the shares of cannabis companies.We have said at numerous occasions that studying the company's announcements pays off. In this particular case, only those market participants who studied the new announcements from the company were able to understand that the share price would jump in October. The stock returns were approximately 77%.Share Statistics The following information will be interesting for those who appreciate checking the amount of shares outstanding and the float.Authorized Shares500,000,000a/o Jun 28, 2017Outstanding Shares256,724,670a/o Aug 23, 2017-RestrictedNot Available-UnrestrictedNot AvailableHeld at DTCNot AvailableFloat142,611,602a/o Aug 23, 2017Par ValueNot AvailableSourceWhat did we see?The amount of shares owned by the public, that is the float, is approximately 55% of the total outstanding shares. This means that if market participants send big market orders to the exchange, the change in the share price could be large. This helps explain why stock returns in October were so large.ConclusionCurrently trading with a market cap of $3.2 million, INMG seems to be moving again. With a large amount of total assets, $2.7 million, and small amount of total liabilities, $63,000, we believe that the stock has a lot more room to run.Additionally, it seems that some market participants are playing again with the reduced float and are profiting from the volatility in the market. To sum up, we encourage readers to do what seems to be paying off here and assess the news as soon as it hits the tape.Be sure to check out our coverage on INMG!We will be updating our subscribers as soon as we know more. For the latest updates on INMG, sign up below!Image courtesy of Cheryl Shuman via FlickrDisclosure: We have no position in INMG and have not been compensated for this article.