Momentous Entertainment Group (fka MMEG)

[RockRoll]

The OTC shows:

450million Authorized shares
1,373,000 Outstanding shares (what?), and
21,750,000 shares in the Float(I have more than twice that).

https://www.otcmarkets.com/stock/MMEG/profile

Just by looking at theses numbers we know they're off. In MMEG's
Annual Report it states there's 671,231,815 Outstanding shares.

I just wrote to MMEG's transfer agent for a more accurate figure (for the float) and will post when they respond.

It appears the shares issued for the Poolworks & Chimera deals have hit the market and are being sold (obviously). This will probably continue when the Neurofuse deal is done, and when an 8-k is put out re: the BlackFox deal - I bet it's being financed the same way. Tough and winding road ahead, but if the synergy between these companies works, and revs grow - then MMEG pulled it off (time will tell, but it will take time). The true heros ... US! The investors (new and old) who bought and absorbed these shares and fought through this hard "selling pressure" time.

I completely agree with Marxbys' comment in post #32479:

This is actually good news for MMEG shareholders. I read it the day the 10K came out and was glad to see that our management team cares enough about its shareholders to put it in the report. It basically says that they are not going to spend money that they don't have and risk putting the company in debt. Good thing for that!
They are using stock as payment for acquisitions and services and sure, that's going to cause some liquidity. However, the good side to that is that people and companies are accepting it knowing full well that the MMEG stock they now have is sure to increase substantially in value or else they wouldn't have accepted it as payment.

If revs/profits come in like many of us believe is going to happen, then who's to say that MMEG won't start setting some $$ aside and buyback & RETIRE some of these shares to improve the SS? It is "high" risk investment, and a lot of stuff is happening, but from we read and digest, we know what we have ... we just have to have patience and an iron stomach, and hopefully we'll be rewarded with a "high" reward when all is said and done!

Disregard the "white noise" that appears during this tough sledding period -- eventually, if we're proven right --- the noise magically goes away.