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CMG Holdings Group, Inc. (CMGO)

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Last Post: 7/31/2015 5:28:03 PM - Followers: 342 - Board type: Free - Posts Today: 0

 

 


  

 

 



Ok, Lets first start with this bit of news released Jan 6th, 2014

"CMG Holdings, Inc. (“CMG” or “the company”) proudly announces today that for the first time in the history of the company, it is debt free."

http://www.sec.gov/Archives/edgar/data/1346655/000117892414000002/f8k1_form-cmgo.htm





 

CMG Holdings Group inc. Quick Background Summary (FergusVI):

The company first caught my eye in February 2008.  This is when Creative Management Group inc. was reverse merged into Pebble Beach Enterprises inc.  There was a change in control, a name change to CMG Holdings Inc.  This company was run by the old management, Alan Morell, Mike Vandetty, and Jim Ennis.  The future looked bright and the OS was around 42M.  

They quickly acquired the assets of Xa, The Experiential Agency in March, 2009. This was exciting because Xa was a proven revenue driver. The company has been around since 1989, through all markets.  Xa proved to be their main revenue source, as the talent management and commercial rights segments produced very little income.  Old management started issuing convertible notes, most likely to pay their large salaries of $675,000/yr. 

In March 2010, they closed on the AudioEye acquisition.  They paid $30k cash, 1.5 Million in shares and deferred capital commitments of 2.5 million over a few years.  Although the IP and patents AE possesed at the time were valuable, and had good independent valuations, history shows that they were ahead of the curve with this purchase and they had a hard time funding AE, as AE wasn't able to generate much revenue at that time.  It was also difficult to finance a subsidiary, under the umbrella of the holding company, so with this, AE was eventually spun off and became an independent public company trading in the OTC under symbol AEYE.  CMG at the time of spinoff was able to retire senior secured notes, give shareholders a dividend, and hold around 5M shares of AE on books, and they also had revenue sharing % of future AE sales and revenue.

There is a lot I'm leaving out, but essentially the company continued (Old Management) to issue more and more convertible notes.  Along the way, many organized long shareholders were accumulating millions and millions of shares. Many from the toxic convertible sales. The long shareholders had had enough and took matters into their own hands and effected a change in control, and instituted new management and a new direction.  Since then, new management has made some very shareholder friendly moves.  Mainly, they took the company to debt free status as cited above from the Jan 6, 2014 8K.  They also reduced the OS substantially, returned shares to the treasury and nullified other outstanding convertibles.  They appointed powerhouse new management additions to the BOD of CMGO and to XA.  They acquired Good Gaming llC, and are making an entrance into the ever growing Esports sector.  Links to follow.

New management sold a portion of their AEYE shares back to AudioEye. With these proceeds, they paid off all debt and are debt free. No convertible notes.  They still retained about 2.36Million shares of AEYE on the books.

http://www.sec.gov/Archives/edgar/data/1346655/000117892413000176/f8k1_form-cmgo.htm



 


Shareholders take back control of company!!!

 

CMGO's recent change in control summary. This is very rare in the OTC markets.

 

On November 26th 2012, groups of organized long shareholders sent written correspondence to the then

current management indicating they had 55% majority of the stock and wanted to ammend the corporate bylaws.

http://www.sec.gov/Archives/edgar/data/1346655/000117892412000190/f8k1222_form-cmgo.htm


On December 13th, 2012, The Majority shareholders were successful in taking back control of the company and appointing a new board of directors and giving current management their departure notices.
http://www.sec.gov/Archives/edgar/data/1346655/000117892412000198/f8k1223_form-cmgo.htm


On December 19th, The new Board of Directors added new management (Joseph Wagner COO) with industry experience, finalized on termination of old management, and instituted a lock up provision on old managements CMGO shares and AE shares, and retained 55% of UsaveCT and UsaveNJ subsidiaries.
http://www.sec.gov/Archives/edgar/data/1346655/000117892412000200/f8k1224_form-cmgo.htm



On January 22, 2013, new management informs the shareholders of increased communication and updates, a new line of credit for XA, inc., expectations of dramatic increase in revenues (Revenues were already up in 2012 - 9 months ending Revenue 7.5Million).  They also informed shareholdes that AE dividend shares are with TA and ready for distribution around Mid Feb 2013.  Also informed us of possible corporate name change and ticker change to better reflect main revenue driver, XA, inc.
http://www.sec.gov/Archives/edgar/data/1346655/000117892413000011/f8k1222_form-cmgo.htm


 

On August 5, 2013, new management informs the shareholders through an 8K that CMGO has come to an agreement that brings closure to the termination of old management in regards to shares and debt held by the aforementioned resulting in a 11.5% reduction in the company's Outstanding Float and the elimination of an $85,000 note plus two years interest at 20%. There will be a reversal of the $85K note on the company's books.
 

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9432832
 

 



 

OTC Pink Logo    

 

CMGO Security Details

Share Structure

Market Value1

 

a/o Feb 12, 2014

Shares Outstanding

 

a/o Feb 03, 2014

Float

215,000,000

a/o Feb 03, 2014

Authorized Shares

450,000,000

a/o Feb 03, 2014

Par Value

0.001

Shareholders

Shareholders of Record

175

a/o Feb 03, 2014

Corporate Actions

 

Ex. Date

Record Date

Pay Date

Dividend ()

Feb 26, 2013

Oct 26, 2012

Feb 19, 2013

Dividend () *

 

Feb 11, 2008

Mar 04, 2008

Dividend (0.00) *

 

Feb 11, 2008

Mar 04, 2008




 

 

New Management

 



Glenn Laken, 60,  member of the Board, Chairman of the Board and Chief Executive Officer ("CEO")

 

 

 




David Kovacs Board of Directors    
Jan 14th, 2014  http://www.sec.gov/Archives/edgar/data/1346655/000117892414000006/f8k1_form-cmgo.htm

 

A veteran of the investment banking and private equity sectors for over 10 years, Mr. Kovacs is currently the head of Investment Banking and Private Equity for Fitch Learning. Mr. Kovacs is also the Managing Director of Private Equity for Strategic Acquisitions, a $2 billion real estate investment firm. Prior to his current roles, Mr. Kovacs focused on private equity as a Managing Director at The Hinduju Group, one of the largest diversified groups in the world with over $50 billion under management. Mr. Kovacs also worked in various capacities at Citigroup and Blackstone Group in their investment banking and private equity divisions.
 
With the addition of Mr. Kovacs to the Board, CMG has acquired one of the most respected and brilliant minds in the world of investment and private equity. As a student at Columbia University and City University (NY), Mr. Kovacs completed his undergraduate degree at age 18, finishing the required coursework in two years and earning a triple major in Finance, Economics and Biochemistry.
 
The wealth of experience and breadth of knowledge that Mr. Kovacs brings to the Board will be invaluable as the Board seeks to enhance current strategies as well as devise new ones to help the company move forward with its current and future initiatives.
 
With his experience in mature and emerging markets as a training specialist in venture capital, investment banking, and private equity, Mr. Kovacs is also a highly coveted speaker. Mr. Kovacs has lectured at over 100 universities, including the majority of Ivy League schools. He was a lead instructor for the Securities & Exchange Commission and has given talks to industry leaders such as Barclays, JP Morgan, RBC, Morgan Stanley, Deutsche Bank and the Abu Dhabi Investment Authority.

 


 

 




 


http://www.CMGO.co


Business Overview:
 

Overview

 
CMG Holdings Group, Inc. is a marketing communications holding company focused on the acquisition and operation of organizations in the alternative advertising, digital media, experiential and interactive marketing, entertainment, Internet content publication and distribution technology sectors. Our Company was formed by a core group of executives who have held senior level positions with several of the largest companies in the entertainment and marketing management industry.  Our Company delivers customized marketing solutions at to optimize profitability by concentrating our resources in those segments of the marketing communications and entertainment industry.  Our Company operates in the sectors of experiential marketing, event marketing, Internet content publication and distribution software, commercial rights, and talent management.
 
Experiential marketing includes production and promotion, event designs, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set designs, data analysis and management. We also offer branding and design including graphic, industrial and package designs across traditional and new media and public relations, social media, media development and relations and interactive marketing platforms to provides our clients with a custom private digital media networks to design and develop individual broadcasting digital media channels for our clients’ to sell, promote and enhance their digital media video contents through mobile, online and social mediums.
 
Event Management includes marquis hospitality, sponsorships and licensing, broadcast production, and implementation of events including hospitality services to the most discriminating of clients in sports sectors including golf, tennis, equine and motor sports pairing corporate sponsors and premier events and leveraging that experience to ensure our clients receive the highest return on their investment and level of brand exposure. Our Company is dedicated to pursuing intellectual property rights of entertainment properties and offering these events through long-term entertainment hospitality packages for corporate sponsors’ and manage and implement on-site operations and logistical concerns. Our broadcast and production services secures, and negotiates electronic production, broadcast and syndication opportunities for our clients via network, cable television, radio and digital media.
 
Internet content publication and distribution software includes the offering of embedded audio navigation and Internet content publication and distribution software that enables conversion of any media into accessible formats and allows for real time distribution to end users on any Internet connected device. Our Company also offers a more comprehensive access to devices, Internet, print, broadcast and other media to all people regardless of their network connection, device, location, or disabilities. Our solutions include comprehensive E-Learning and E-Commerce systems, Internet publishing products and services that enable customers to create and deliver highly scalable web-based applications. We provide technology solutions that facilitate information accessibility via the web, mobile phones, and other devices for all people, with a special emphasis on those that have physical, learning, or visual impairment, as well Internet novices such as seniors, non-English readers, and children. Our subsidiary division, Audioeye Inc. owns the “Method and Apparatus for Website Navigation by the Visually Impaired” and “Method and System for Audible Website Navigation” patent portfolios which protect the rights to its proprietary technology. Our Company believes this technology is an indispensable component of the Internet accessibility industry as it exists today. Our focus is to create more comprehensive access to devices, internet, print, broadcast and other media through our technology solutions including comprehensive E-Learning and E-Commerce systems that enable interaction between brands and consumers.
 




 


                                       


XA, The Experiential Agency, Inc. - wholly owned subsidiary

http://www.xapragency.com/

http://www.experientialagency.com/

 



Xa videos:

http://vimeo.com/23932918

http://vimeo.com/user1506707


XA, The Experiential Agency, Inc., a wholly owned subsidiary of CMGO, has offices in New York from which it provides corporations and highly visible brands with comprehensive event marketing, design and production services. The XA brand has a 20 year history and its team has been the creative force behind prestigious, national projects for such clients as NBC Universal, Unicef, Harrah's Entertainment, Conde Nast, McDonalds, W Hotels, Emirates Airline and Ritz Carlton.

At XA, we help our clients build their brands through innovative, authentic social media and PR tactics. We create environments of conversation and engagement to targeted consumers specific to that brand. We realize that each brand is unique and has their own set of consumers and goals. That is why at XA we handcraft a strategy that we then implement tailored towards you and your brand.

Our experience in public relations, as well as social media and digital marketing, helps us create unique and memorable exposure for our clients of all types and sizes.

 






 

 

 

 


 

 




 


 

eSports Subsidiary

 

Good Gaming, Inc.

 

 
 http://good-gaming.com/



On Twitter:


https://twitter.com/GoodGamingInc




On Facebook:

https://www.facebook.com/goodgaminginc


 

 


Company Charts


 




 


 


 

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CMGO
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Wiki
CMGO News: Current Report Filing (8-k) 07/22/2015 09:18:10 AM
CMGO News: CMG Holdings Inc. Plans Exchange Offer For Shareholders 07/16/2015 02:09:26 PM
CMGO News: CMG Holdings Group Inc. Issues an Update from the Chairman 07/08/2015 09:00:00 AM
CMGO News: Quarterly Report (10-q) 06/09/2015 01:07:49 PM
CMGO News: Annual Report (10-k) 06/08/2015 01:22:31 PM
PostSubject
#60316  Sticky Note CMGO in addition to 20 MILLION $ lawsuit.. PENNYS ToMILLIONS 07/26/15 01:25:06 PM
#60057  Sticky Note CMGO HUGE LAWSUIT NEW$$$$$$$$$ FUNDER HAS STEPPED [SMART MONEY] 07/22/15 09:25:11 AM
#59969  Sticky Note News Update from July 8, '15 from CEO DeeDog 07/20/15 12:22:13 PM
#59810  Sticky Note **************CMGO LINKS AND DD SOURCES******************* IMPERIAL DRAGON 07/18/15 07:32:55 AM
#59300  Sticky Note July 16, 2015 CMG Holdings Inc. Plans Exchange FergusVI 07/16/15 02:25:36 PM
#50063  Sticky Note 10-Q is out! http://www.sec.gov/Archives/edgar/data/1346655/000121390014005943/ Powercat23 08/14/14 06:29:04 PM
#60452   CMGO...this is where you load...holding 5 mil so far!!!! BIGMONEYPLAYA 07/31/15 05:28:03 PM
#60451   Unaware, if someone is in charge lobo13 07/31/15 04:36:00 PM
#60450   Back to .0008... Disappointing. Cuse44 07/31/15 03:27:31 PM
#60449   They were to busy issuing paper notes to FergusVI 07/31/15 03:15:39 PM
#60448   I can't help it but to wonder how Lenard 07/31/15 03:06:16 PM
#60447   Because the defendants requested it and as it giantkiller 07/31/15 02:31:56 PM
#60446   An extension for what? Powercat23 07/31/15 02:10:09 PM
#60445   Good Gaming active today on Twitter. Autism Awareness Pickle 07/31/15 01:39:07 PM
#60444   Where is it posted? Boum-Yeah 07/31/15 12:43:12 PM
#60443   Given extension to next Friday. giantkiller 07/31/15 12:38:23 PM
#60442   Anita This 666 07/31/15 12:27:13 PM
#60441   Looks as if these guys are a little late... FergusVI 07/31/15 11:58:09 AM
#60440   May get to buy them .0005's today, IMO allenc 07/31/15 09:06:17 AM
#60439   a settlement will apply a given value to xZx 07/30/15 06:20:37 PM
#60438   Really dead. The calm before the storm? throckmorton 07/30/15 03:58:04 PM
#60437   Indeed. I am loading up everything I throckmorton 07/30/15 03:50:54 PM
#60436   .0009/.0010? Come on $CMGO - no bueno. Do Anita This 666 07/30/15 01:59:46 PM
#60435   It's the nite Cdel combo been going on giantkiller 07/30/15 01:24:06 PM
#60434   Nite short seller on the offer guaranteed!!! giantkiller 07/30/15 01:15:43 PM
#60433   Cheapies here!!!! Grab em while you can... BIGMONEYPLAYA 07/30/15 01:06:23 PM
#60432   Dead today... Cuse44 07/30/15 01:05:17 PM
#60431   agreed if the news stated by the ceo koolmc 07/30/15 12:01:40 PM
#60430   There will be a really nice dip before allenc 07/30/15 11:56:06 AM
#60429   need supposed news that peeps bought in for koolmc 07/30/15 11:47:45 AM
#60428   WOW, CMGO flat lining or what? allenc 07/30/15 11:46:21 AM
#60427   Keep hitting the bid and you will find Pickle 07/30/15 09:37:49 AM
#60426   Pending news, ready for liftoff. See us at poincianamike 07/29/15 08:45:00 PM
#60425   Shocking now it is Nite and Cdel together giantkiller 07/29/15 02:12:23 PM
#60424   Quite interesting they are banging the 009s as giantkiller 07/29/15 01:35:04 PM
#60423   The short selling continues! Nite Cdel, Cdel Nite giantkiller 07/29/15 12:51:59 PM
#60422   Some shortie is gonna get burnt really bad.. UP Trend 07/29/15 12:37:12 PM
#60421   I agree. So will be the selling of allenc 07/29/15 12:34:09 PM
#60420   the dips are brief. xZx 07/29/15 12:30:08 PM
#60419   you got retail hoping for a quick flip koolmc 07/29/15 12:28:13 PM
#60418   IMO, stock will take a beating the next allenc 07/29/15 12:20:13 PM
#60417   Quiet day today tj9938 07/29/15 11:23:33 AM
#60416   20 millions plus punitive damage ( 100 millions Boum-Yeah 07/29/15 10:33:27 AM
#60415   Weekly Chaikin Money Flow Chart~ Link cloudbreak 07/29/15 08:40:56 AM
#60414   Good Morning CMGO PENNYS ToMILLIONS 07/29/15 08:37:34 AM
#60413   $CMGO #pennystock Eaton & Van Winkle Attorneys Named PENNYS ToMILLIONS 07/28/15 10:18:40 PM
#60412   $CMGO #pennystocks Eaton & Van Winkle Attorneys Are PENNYS ToMILLIONS 07/28/15 10:16:18 PM
#60411   $CMGO not Messing around Hiring the Best Lawyers PENNYS ToMILLIONS 07/28/15 10:12:58 PM
#60410   $CMGO NEW DEFENDANTS and Substantial Increase in Damages Sought PENNYS ToMILLIONS 07/28/15 10:12:12 PM
#60409   $CMGO #pennystocks 75% shorted today PENNYS ToMILLIONS 07/28/15 09:44:06 PM
#60408   The best is today's short numbers 75% lobo13 07/28/15 07:58:30 PM
#60403   Yes. I bought in early and saved tj9938 07/28/15 04:08:35 PM
#60402   very nice day except for last min. seller PENNYS ToMILLIONS 07/28/15 04:03:32 PM
#60401   8.5 mil. on bid @ 10 about 650k PENNYS ToMILLIONS 07/28/15 03:56:36 PM
#60400   Letting you know that 394000 at 10 was tj9938 07/28/15 03:53:17 PM
#60399   hold on to ya hat...soon PENNYS ToMILLIONS 07/28/15 03:45:51 PM
PostSubject