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CMG Holdings Group, Inc. (CMGO)

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Last Post: 9/3/2015 12:29:30 PM - Followers: 330 - Board type: Free - Posts Today: 3


Date Time Source Headline Symbol   Company
07/22/2015 9:18AM Edgar (US Regulatory) Current Report Filing (8-k) USOTC:CMGO   Cmg Holdings Group, Inc. (PL)
07/16/2015 2:09PM InvestorsHub NewsWire CMG Holdings Inc. Plans Exchange Offer For Shareholders USOTC:CMGO   Cmg Holdings Group, Inc. (PL)
07/08/2015 9:00AM InvestorsHub NewsWire CMG Holdings Group Inc. Issues an Update from the Chairman USOTC:CMGO   Cmg Holdings Group, Inc. (PL)
06/09/2015 1:07PM Edgar (US Regulatory) Quarterly Report (10-q) USOTC:CMGO   Cmg Holdings Group, Inc. (PL)
06/08/2015 1:22PM Edgar (US Regulatory) Annual Report (10-k) USOTC:CMGO   Cmg Holdings Group, Inc. (PL)
04/30/2015 3:35PM Edgar (US Regulatory) Current Report Filing (8-k) USOTC:CMGO   Cmg Holdings Group, Inc. (PL)
04/01/2015 3:34PM Edgar (US Regulatory) Notification That Annual Report Will Be Submitted Late (nt 10-k) USOTC:CMGO   Cmg Holdings Group, Inc. (PL)
12/03/2014 3:38PM Edgar (US Regulatory) Statement of Changes in Beneficial Ownership (4) USOTC:CMGO   Cmg Holdings Group, Inc. (PL)
11/20/2014 3:47PM Edgar (US Regulatory) Amended Quarterly Report (10-q/a) USOTC:CMGO   Cmg Holdings Group, Inc. (PL)
11/20/2014 6:01AM Edgar (US Regulatory) Current Report Filing (8-k)




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."


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.


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.

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.

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.

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.


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.



OTC Pink Logo    


CMGO Security Details

Share Structure

Market Value1


a/o Feb 12, 2014

Shares Outstanding


a/o Feb 03, 2014



a/o Feb 03, 2014

Authorized Shares


a/o Feb 03, 2014

Par Value



Shareholders of Record


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


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.



Business 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


Xa videos:

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.

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Current Price
Bid Ask Day's Range
CMGO News: Current Report Filing (8-k) 07/22/2015 09:18:10 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
CMGO News: Current Report Filing (8-k) 04/30/2015 03:35:34 PM
CMGO News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 04/01/2015 03:34:09 PM
#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
#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! Powercat23 08/14/14 06:29:04 PM
#8917   CMGO investors kick this NITE ~ Blue ~ 02/27/12 01:23:37 PM
#8916   Going to be some pissed off peeps if surfkast 02/27/12 12:48:03 PM
#8915   I have good position. ASK 02/27/12 12:40:50 PM
#8914   its due to this it drops , buy MacDonaldTrump 02/27/12 12:39:25 PM
#8913   The ask has been growing at .015 all hyrpowr 02/27/12 12:33:25 PM
#8912   smack the ask so we can move the kkmoney 02/27/12 12:27:49 PM
#8911   $CMGO that is a good thing!!! j$tops 02/27/12 12:25:15 PM
#8910   0.013 is my bid. ASK 02/27/12 12:20:55 PM
#8909   Level 2: cbrad10480 02/27/12 11:55:16 AM
#8908   When anticipated news hits we will have plenty Unflushable 02/27/12 11:55:02 AM
#8907   never hurts to add more of this one kkmoney 02/27/12 11:52:28 AM
#8906   L2 please ASK 02/27/12 11:51:17 AM
#8905   That's funny , I hold more then has Unflushable 02/27/12 11:45:45 AM
#8904   come on boys lets clear up these .015s kkmoney 02/27/12 11:39:28 AM
#8903   great info kkmoney thanks.. ~ Blue ~ 02/27/12 11:12:46 AM
#8902   hey BLUE i was just looking deeper into kkmoney 02/27/12 11:11:31 AM
#8901   CMGO is undiscovered gem ~ Blue ~ 02/27/12 11:01:10 AM
#8900   Looking for more buyers to jump in. I surfkast 02/27/12 10:48:28 AM
#8899   we can keep moving up here without a kkmoney 02/27/12 10:39:53 AM
#8898   I think we simply need some pr or MacDonaldTrump 02/27/12 10:18:28 AM
#8897   yep bid sitting at 0.0111 MacDonaldTrump 02/27/12 10:14:22 AM
#8896   good morning everyone we need some buying in kkmoney 02/27/12 10:05:23 AM
#8895   $CMGO .015's could be a gift!!! j$tops 02/27/12 09:44:36 AM
#8894   CMGO a few retailers left ~ Blue ~ 02/27/12 09:42:28 AM
#8893   Mac, again that is why I posted the Bridge Jumper 02/27/12 09:27:30 AM
#8892   if they put in in the past like MacDonaldTrump 02/27/12 09:23:44 AM
#8891   SD, that sort of surprises me, I hope Bridge Jumper 02/27/12 09:18:08 AM
#8890   Bridge, regarding the Divy, I will give you Steelyd3 02/27/12 09:12:31 AM
#8889   GM CMGOers!! Steelyd3 02/27/12 09:00:01 AM
#8888   This time it is unlikely for CMGO to ASK 02/27/12 08:50:54 AM
#8887   All signs are pointing UP $ UP $ CMGO Simple qwertytrader 02/27/12 08:42:03 AM
#8886   CMGO lets rock this over .02 ~ Blue ~ 02/27/12 08:36:57 AM
#8885   GM to all. ASK 02/27/12 08:24:40 AM
#8884   Good Morning $CMGO looking to keep that nice qwertytrader 02/27/12 08:21:17 AM
#8883   $CMGO Good morning all lets have a great j$tops 02/27/12 08:16:54 AM
#8882   Morning Blue and looking to blow up all Bridge Jumper 02/27/12 08:04:52 AM
#8881   yup looking for the continued upward action here, qwertytrader 02/27/12 07:53:53 AM
#8880   CMGO- lets break 200 MA this week >>>>>>>>>>>> ~ Blue ~ 02/27/12 07:03:41 AM
#8879   Good morning CMGO board ~ Blue ~ 02/27/12 05:51:18 AM
#8878   Like I said before. I've seen it before. MrDemas 02/27/12 02:04:12 AM
#8877   Demas, that was one point that I had Bridge Jumper 02/27/12 12:17:00 AM
#8876   $CMGO looking forward to a good week here!!! j$tops 02/27/12 12:15:35 AM
#8875   From what I've seen on the boards with MrDemas 02/27/12 12:12:40 AM
#8874   SD, I have been out for a while Bridge Jumper 02/26/12 11:56:08 PM
#8873   It will happen - Get ready Steelyd3 02/26/12 11:38:41 PM
#8872   Great opportunity knocking I will say. ASK 02/26/12 11:00:41 PM
#8871   $CMGO agreed!!! j$tops 02/26/12 10:56:55 PM
#8870   Excellent DD by Fergus & Blue to be honest. ASK 02/26/12 10:41:43 PM
#8869   Ready & Waiting Steelyd3 02/26/12 10:00:00 PM
#8868   Steelyd3 02/26/12 09:59:59 PM