Momentous Entertainment Group (fka MMEG)

[Helter Skelter]

Item 8.01 Other Events

The Company has entered into a letter of intent to acquire VZ Network Holdings, Inc., a Delaware corporation, which owns 100% of the equity interests in Poolworks (Germany) Ltd, a German company with offices in Berlin, which operates a social networking platform under the websites studiVZ and meinVZ.

The purchase price will be 10,000 shares of Convertible Series C Preferred Stock. These shares will convert into 20% of the total outstanding common stock of the Company no later than June 30, 2017.

The parties seek to close the transaction by December 15, 2016.

In the PR mmeg said the purchase price was $10,000,000.

20% of the common shares. One fifth. Common shares will have to be worth $50,000,000. Market Cap of $50,000,000.

5,000,000,000 (5B) shares at one cent = $50,000,000.

7 months till June 30th, 2017. Better raise the AS.

1,000,000,000 (1B) shares at one cent.

That's what the seller would have to sell at to get $10,000,000.

What do you all think? Pipe (MJ) dream? What does the pOpe say? We know that the websites suck, are a shell of their heyday...