Thanks for the reply. I still have quite a bit of DD to do but the company has made it easy with their preference for the 8k. The iHub users have done some excellent work too.
Below are my opinions on CMGO so far:
I've spent the lions share of my professional life in the creative ad business. I know enough to be less concerned with XA's recovery than I am with an R/S. I could give you a hundred reasons why I'm confident XA will be fine but I'll spare you the agony and summarize with this: Their always only as good as their last event. The fact that they're working and Hudson Gray is likely blocked from communication with their client list speaks volumes about how 2015 has a good shot to play out favorably for investors.
I do agree that spending money on a buy back is reckless because it could very well create the need for more toxic debt. But is it not just as reckless for investors to pretend that an R/S is unlikely in 2015? I believe an R/S is the most sound option for CMGO given its current volume + SP (from a companies perspective of course). The share price is currently half the 200ma and where it was when they filed the 8k. I think it would be unprofessional not to back the plan up with a target price - and a date with a hefty margin in the event of unforeseen circumstances. I'm guessing 6 months out (or Nov 2015) for the R/S if target price is not met - or - revenues are not substantial enough to cover a buy back + X amount of operating expenses. In other words, if CMGO can generate 6 months of working capitol + 900k for buyback @ .02ps, R/S is avoidable and Buy Back is in shareholders best interest. Buy back kicks in, interest increases and the stock could have a tremendous run
There is so much garbage in the OTC and if their story could get some press on a reputable site, interest could shoot up and all is well for those who have a stake here. Best case scenario is daily volume increases into millions and substantiate the still sizable O/S. Then SP exceeds CMGO's target before Nov 2015. I "THINK" the company realizes how unlikely this is and they have well designed "hope for the best, prepare shareholders for the worst" scenario in place.
Just my opinions. Feel free to poke holes in my statements. Thanks
