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Footnotes are made up of historical information and other important details.. It’s not a matter of typing the footnote, it’s about finding and breaking down the info which takes so long.
... and when you hand an auditor a piece of information to support another piece of information, they often ask for additional information that the new information has made important... And this ticker has been around since 1985, under multiple management’s.
It’s important to understand how auditing actually works before assuming that it’s simple to do these things. The audit that they are undergoing is the most difficult audit of any type of stock in the markets. This includes big boards. Your INITIAL audit validates everything from scratch. There’s no historical information that can be relied on without solid/current validation....
...and because many of these penny stocks are complete scams, auditors take an extra amount of time to go over all the details, because the SEC holds them responsible if they don’t do a good job and many people get scammed.
All of these aspects add up into the most difficult audit a public company goes through. After this, all future audits will be simpler because they will have solid/audited information to base future information off of.... and because such a small percentage of companies ever uplist from the pinks, it’s also a significant accomplishment
Most, if not all uplisting audits take a year+. Even if a company has zero revenues.
That is the plan Sam, per previous press releases. At least one spinoff is coming= Free money for longs
It’s probably because they weren’t preparing for 2018 to be released unaudited, because they were expecting the audit to be complete. So now they have to prepare it, but it shouldn’t take long since they already have the numbers ready/audited
He might be overestimating with the Friday target. They could be released anytime, because unaudited numbers are within their power to control and they are highly motivated right now, for obvious reasons
It’s funny, whenever I see someone claiming that it’s “impossible” for a penny stock to run, that’s usually when they do... even the ugliest tickers, with millions in debt, billions outstanding, zero growth, large convertibles, etc. Those nasty stocks can run for Lifechanging gains, fast
It might have something to do with Warren Buffetts saying about being greedy when others are fearful.
As I’ve been saying for weeks, Roger is going to do everything he can to get that stop sign down before the string of press releases that are coming
This news wave is going to be so powerful it’s important to make sure that no brokers are restricting access to the stock and/or there’s nothing deterring interest. My other comments on this subject: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152037061
This is why so few are selling, even while the company keeps announcing audit delays. Smart money is looking over this obstacle and focused on the #1 most important aspect of any stock= rapid/high margin GROWTH
If anyone doubts that growth is coming, read the many Kill the Unicorns reviews that are popping up daily in Europe, where the game is currently hitting the shelves. This is the most important DD an early bird can do at this point... cause even if this was the worst company in pennyland, they all run from time to time, especially if they start announcing high margin deals with the largest retailers.
Many might have forgotten about Walmart(other than the handful of us that follow close), but they won’t when the next PR cycle starts + product is actually hitting the shelves. This will be a powerful interest driving event, because it won’t be some delivery date sometime in the future, it will literally be starting right at that point. People will be able to walk in and verify the DD with their own eyes and wallet... and seeing is believing, esp in pennyland.
We are literally days away. I bet PR‘s are already building up, because I see retailers popping up all over the world via Google and not one of them has been announced. Lets review: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151755135
(repost) If anyone thinks its exciting to see these Kickstarter backers reviewing the product positively, they are gonna LOVE seeing the products on the shelves + reviews all over the internet.
Remember, it took almost 2 years for these Kickstarter backers to get their product and they were REALLY pissed about it, per many comments online. Then FUNN/Snakes (the hero) stepped in and saved Morning + the backers from a total loss... These backers have EVERY REASON TO BE UPSET, but now they are giving this game great reviews???
If these board game Geeks/Gurus think the game is great, what will the future buyers think about the game when they have no negative history with it?
This is simple DD, but i dont think many are comprehending how massive of a clue it is. We pretty much already know that the game will be liked and have a chance to load before the rest of the market figures it out... Hot titles are doing $50+ million in the first year and this is going to drive speculation.
Snakes will be pushing this high margin self published title to thousands of customers per week (maybe each day), which means they will learn it easily and have a chance to buy before they leave, possibly with a promotion...
... and future investors that buy a game will likely enjoy it, driving their speculation...
We will see all time highs long before we see $5+ million revs from these games imo. Speculation is what drives the penny market, actual results are a bonus
reposts...
Seeing is believing: https://www.walmart.com/ip/Kill-the-Unicorns-An-Enchanted-Card-Game-For-Evil-Geniuses-Exclusively-Sold-on-Walmart-com/548174258
Another FUNN game that’s about to hit the largest retailer: https://www.walmart.com/ip/Red-Panda-Card-Game-Exclusively-Sold-on-Walmart-com/979543007
Very soon the first deliveries will reach the stores and this stock is going to launch off these levels, from the biggest PR/event in company history...
Remember, all the previous distribution deals were limited to just Canada, a country 1/10 the size of the USA... and none of those deals had margins this high, because they were just distribution deals for other companies, not their own titles. This release is a #gamechanger
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Really, you dont think Snakes knows which games do well and which ones do not? Most publishers are nothing more than a game, Snakes is game cafe FIRST, which is the ultimate advantage. none of the these competitors have first hand experience with consumer demand/interest like this, which is why some of them turn to Snakes to get known. lol
Toronto is the 4th largest City in North America and guess who is the Big Dog with THOUSANDS of customers per WEEK, maybe per DAY? This game could go viral, using Toronto as a launching pad
Roger has made mistakes, i have no problem pointing that out, but lets not confuse the highly skilled people working at Snakes (250 employees) with his mistakes. You dont land Walmart before the game is even produced unless you can SELL... and SALES IS EVERYTHING!
1000's of customers per day can become thousands of strong reviews all over the internet, thanks to learning the game EASILY within these Snakes locations.... and so far most, if not all the KS reviews have been positive, even though these customers were upset over how long it took them to get it. If THESE customers are liking the game, when they have every reason to be pissed, it says A LOT!.
We will sell a ton just because of the theme imo. The hardest part is getting on the shelf of the largest retailers (check!). No doubt it will get picked up/spotted by MANY people now, due to millions of people walking by the packaging/theme
More DD: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151611247
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This cap is getting really cheap imo, the single-game can make this an $XXX,XXX,XXX stock.
They are in the perfect position to push this game into retailers, then get it known by thousands of people per week.
Any day now the biggest PR in company history will be released. If anybody has held this long it would be unsavvy to sell now, at these levels. Walmart is going to drive a significant wave of hype. When we can all walk in and see a self published title on the shelves, across the USA, it will change the way people view this company. Right now Snakes only distributes games in Canada and none of them are a high margin self published title
This will be the first game that we can sell worldwide... and two more titles are coming up right behind it
#gamechanger
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Morning does not need to update anyone on the shipments anymore, because the backers have already received their orders.
Morning is not in charge of corporate info, other than what directly relates to Kickstarter. KS backers have nothing to do with Walmart, etc... The next update will be from FUNN and will likely announce the rollout to Wally, Amazon, etc
I expect several big name retailers to be announced in the coming months, all over the world
This next shipment might be drop-shipped at Walmart.
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BTW, FUNN will see $$$ from these titles for years. Dont put too much focus on having to have the game out by a certain date, these games sell alllll year... and when you can market to THOUSANDS of people PER DAY via your locations, they are in a great position to succeed.
I FULLY expect this game to make FUNN extremely NET profitable, even with just moderate sales. They are close to breakeven now imo
I just hope Roger does more to paint this picture for the maket, so we can sustain over inflated levels (like other rapid growth stocks), instead of at the bottom of the valuation range.
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If people have held this long, they would be wise to at least wait until this board is full of KTU pictures, on the shelves of the LARGEST retailer, who controls 50%+ of the toy market = very busy toy/game isles!
Millions of people will be walking by our title... CRAP titles can sell well with this level of foot traffic and KTU has a popular theme + attractive/attention grabbing packaging, within the right impulse price range
Walmart will sell out of the first order FAST imo. I bet single longs clear out locations, forcing an instant reorder. lol
This stock will be flying on the reorder PR. Speculation could reach record levels... tick tock...
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(repost) There's an initial risk in printing these games and not selling them, but this risk is reduced significantly when you are a MASTER DISTRIBUTOR of many other hot titles.
Its harder for a small publisher to approach a company like Walmart, with no sales history or other products, which can be worked into the deal to get it done... this is why publishers seek out distributors/sales rep to move their games, which Snakes already is...
... and distributors carry MANY titles, often thousands of different games... just because you land a distributor, does not mean they will put PRIORITY in pushing your titles to the retailers. The reps will have many other titles/toys/SKUs that are making THEM money and they focus on those. You can only talk about so many games in a session.
This is where the synergy of being a publisher, master distributor AND Game Cafe (free/profitable marketing) all tie into each other... Snakes can put priority on their OWN games and push them into Walmart, Target, etc increasing volume fast.
Snakes already has sales history with Walmart.... and the largest Canadian book chain (Chapters)... and other big Canadian retailers that sell games. Snakes is on pace to OWN Canadas gaming market. Look at how many Kickstarter publishers choose Snakes now.
I love synergistic business concepts!
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(repost) Morning is a creative think tank/publisher. This is why its such a powerful acquisition for this particular company. Snakes fills in everything else they need to get these products into the hands of the masses.
Snakes even offers them a place they can play test their games with a very experienced/large gaming staff + real world customers. IMO there will be no weak games in the future. Their titles will grow in strength as Steve starts adding his EXTREMELY EXPERIENCED input on game mechanics, rule alterations, how to write precise/easy instructions, etc. Steve is a grand master at this stuff, watch his videos, listen to the podcasts, read his articles, etc. He trains all the other staff on HOW to teach games and even edits rules to make them easier for customers to learn. He is a major asset alone, esp when combined with a game publisher.
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(repost) How many publishers have distribution and game cafes?
There are a lot of GREAT games that never get noticed. EVERYTHING is about getting noticed nowadays... Weak games can sell $XX,XXX,XXX just because it was in the store, not because it was good. A customer only needs to buy ONCE
... and is there any better place to get noticed than Game Cafes, with Game Gurus that can direct customers to play the titles they want?
Many customers rely on the Gurus to recommend games and teach them... and if people EASILY learn a game and enjoy it, the odd increase that they will buy a copy before leaving Snakes, or the next time they see it at Walmart and think "Hey, that was a fun game! My nephew would love to play this with me".. Either way we make $$$
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(repost) All snakes has to do is advertise that all or part of the $8 cover can be applied to one of Mornings games , if they buy before leaving... and this is off the FULL retail price, which means they would still collect more than if they sold at wholesale
This would not only get people interested in TRYING the games while in Snakes, it would also drive per location sales. Snakes cuts out the middleman, so they would STILL make a strong profit per copy at a sexy discount price...
... and most of these customers that buy one of these copies will take it home and play with others, because most games cant be played alone. This markets the game to additional people, who then might buy a copy when they see it at the store, on Amazon, etc.
This is why the sector is booming right now. People want to do things that are more social, away from their digital devices. This viral sales process is powerful and can push a game from nothing to $10's of millions, in just months.
... and all we need is ONE of these titles to be big... or all of them to do moderately well...
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As ive been saying for months, the current revenues, net profits, etc are nothing compared to whats coming from their self publishing division, alone
No need to overthink it, just do the simple DD. They are going to push these titles hard and no other aspect of the biz will have higher margins.
AMFE could have ZERO revenue right now and a SINGLE game could make this a fairly valued $XXX,XXX,XXX company. The growth potential is not only massive, it can happen FAST.
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The Snakes & Lattes Inc. locations have been hosting game designer nights for quite some time now and with being so deeply entrenched in the table top gaming community, it has begged the question internally for many months now as to when the company will begin entering the game publishing arena and bring new titles to market in-house. Snakes & Lattes is currently positioned to manage all stages of new projects beginning from inception to product launch, and will use its current resources for research and development, product testing, marketing, and of course sales and worldwide distribution. This move would bring a far greater ROI when compared to the ROI on the current game titles that we stock and distribute, essentially 'cutting out the middleman' and allowing us to stock and distribute larger volumes and further expand into additional markets internationally.
The current costs associated with stocking game inventory is comparable to the costs to print and manufacture our own game titles, which would not only provide larger volumes for the same price, but also immediate worldwide exclusive distribution rights. We will use our retail locations as 'proving grounds' for new game titles prior to publishing in order to determine which titles will generate the highest demand. This will of course be in addition to maintaining and growing our current sheet of exclusive distributorships from other popular game producers.
The company is currently working on acquiring the rights to publish our first game to kick-off our publishing division. The first game under this initiative is currently in the works and will be developed in conjunction with an experienced game author based in Switzerland. The specifics of the game are still a closely guarded secret so no further details relating to the game will be released at this time to protect the intellectual property. We will provide further details relating to the project when appropriate to do so, likely coinciding with the upcoming Fan Expo in Toronto this August, where Snakes & Lattes will be hosting a board game café and retail store in partnership with CAH and other major publishers.
Capturing world-wide distribution as well as maximum margins from production to sale leaves the company better positioned to expand all aspects of the business, and significantly increase the rate at which retail store and gaming café locations are opened. With the new Midtown Toronto location being the third and largest location, set to open this summer and boasting an impressive 2 stories, 55 tables inside and 5 tables out on the patio all the while accommodating up to 340 customers, the company has its eyes set on the immediate expansion across Canada and the United States.
The newly formed publishing division in addition to the successful retail and distribution divisions, is expected to significantly increase profitability at a minimal start-up cost by utilizing the company's existing assets, resources, and market reach. In terms of the company's expansion, this is the most cost effective and logical step towards the company's intent on complete market domination by continuing to execute on its successful business model which has been proven year over year.
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Pic of the playtesting arena for Unicorns: This is where most of the positive online reviews were derived...
This was at a trade show. The game is tested and enjoyed... IMO this game should spike revs/profits fast...
Looks like 3 tables were for IKAN, which is another title that is close to print...
Snakes & Lattes segments: There are so many aspects to the Snakes sub, it blows my mind to think of all the different ways they could rapidly add to the bottom line... along with synergies between these segments...
Cafe/bar/restaurant: They can satisfy the morning to night crowds. Something for everyone... and they're able to charge a, $8 cover and still pack every table in these large locations.
Game retailer: Snakes sells games in each location + online. This revenue source has a higher margin than any other game retailer, because Snakes buys their inventory below wholesale (master distributor)
Event planning: For parties, corporate events, etc supplying food, games and Gaming Gurus... Location #3 (Midtown has a catering size kitchen which will allow them to expand this rapidly growing segment of the biz.
Marketing: Snakes can charge publishers to launch their game in style. Snakes can provide Gurus that push and teach these games. Along with marketing decor, themed cocktails/pastries/etc, drawings, sales displays, online videos, etc.
Publishing: Several games are about to launch under this new division and since they cut out the middleman, it will likely be the highest margin aspect of the biz + the fastest growing.
Fulfillment: Snakes is a fulfillment partner for smaller game designers. They ship individual Kickstarter orders out to Canadian Backers... FYI, gaming is the #1 most funded section on the Kickstarter site, ahead of Tech at #2. As Snakes locations expand into the USA, i expect their Fulfillment contracts to expand there as well
Master Distribution: Snakes is a master distributor for exclusive and non exclusive game titles. Along with several new products added through the Natural Stuff Inc acquisition. They sell to Walmart, Chapters, Amazon + anywhere that carries the hottest games.
Franchising: Big potential for this segment. Many people want their own location. Snakes would do well in any big city.
What am i missing?
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Snakes Workforce Photo: This is not a 2 person penny stock pretending to be bigger than they really are. Amfil has the workforce to handle whats coming...
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Publishing: A single self publishing deal could double annual revs by itself, with very strong margins... IMO Snakes has extremely high odds of hitting a winner on their first deal. They have game designers on their staff that study EVERY game on the market and make video/podcasts about them online... Plus, they know which types of games sell via the observations from thousands of customers that come to Snakes.
In their videos/podcasts they critique everything from the gameplay/dynamics to the artwork... They KNOW their stuff and are in the perfect situation to select great titles.
A single red hot game can match the revs of a dozen Snakes locations... and it will be the highest margin deal Snakes will make, since they cut out the middleman and have exclusivity from day 1, worldwide
This is one of the least discussed topics, but possibly the biggest thing they have going... They could drop several hot titles on the market and make 9 figures having exclusivity worldwide.
#lifechanger
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Snakes in the perfect position to push a game and get it KNOWN...
4 friends walk into Snakes. The Game Guru talks them into trying the new self published title. Guru quickly teaches game to table, which gets them playing faster, with little hassle... 1 of 4 players sees the title at a promotional price while leaving and since they just learned it and had a great time playing, she decides to take one home. Just so she can beat her boyfriend one more time!
3 weeks later a different group of friends are at her house and she pulls out the game... 4 new people quickly learn how to play from her mimicking the Game Guru... 1 of these players sees game at Walmart, remembers how much fun he had and decide to buy a copy...
... he takes game home, plays with kids... Kid pulls out game when friends are over...
THIS "viral" sales flow is why table gaming is growing so fast imo. The masses are HUNGRY for human interaction, away from digital devices...
... and what better place to spread the virus, than a Game Cafe? The Game Gurus are practically injecting it into them!
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The odds of Snakes hitting a big game are strong... Any company can create a game, but most fail because they only have one option (their own game). Snakes is in position to CHOOSE games because people want to get in bed with a solid distributor and marketing vehicle like Snakes. A deal with Snakes helps ensure the game will get noticed and sold. Its big risk investing time and money into something that never gets discovered
The Gurus can PUSH games onto customers... "hey try this new game. Its easy to learn, ill teach it to you." Boom, groups of people being taught, every day...
... then these customers see the game in a nice marketing display + a discount, on the way out the door... and because they just learned it and had a great time playing, one or more of them pick up a copy and take it home, playing with family/friends (free marketing).
They are in the PERFECT situation to choose a solid title and sell it to the masses, in every aspect
This will lead to sector domination imo
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Warehouse Pics: This is what $5,000,000+ million in game inventory looks like...
Love how they can buy back stock and STILL increase their $$$ position each quarter... and if they win this other lawsuit, it will only get better.
Only a matter of time until this one pops.
I’m not sure, but others have ordered them. They might’ve ordered them from the morning site though
They will be in the USA soon
I’m looking forward to the 5 high margin self published products rolling out within the biggest retailers, worldwide. KTU + the expansion + pigicorn is going to dwarf the physical location sales + current distribution/fulfillment imo.
All of these products are already complete, with no more design required. They only need to print and place them into retailers. It’s all downhill from here. They could have zero revenue right now and these titles can make FUNN a fairly valued multi dollar stock, using the same equity valuation math that other rapid growth stocks use.
Then add in the growth potential for the physical locations with all that $$$ pouring in + a higher market valuation for the stock, which they could use to acquire other companies.
This is where the real growth starts. All their energy is going to pour into pushing these games and they know all the big players.
Don’t confuse the audit delays (corporate level issues) with Snakes top notch sales, distribution and fulfillment abilities. Many of the 250 employees are highly skilled and capable of achieving great things within the company. Read: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152146313
Snakes distribution and fulfillment info : https://www.snakesandlattes.com/distribution/
Another new retailers (in stock):
https://www.funtainmentberlin.store/2019/11/05/kill-the-unicorns/
Retailers are finally getting their products, all over Europe.
In stock - quantity: 18
https://www.funtainment-shop.de/epages/61355474.sf/de_DE/?ObjectPath=/Shops/61355474/Products/4260290820061
FUNN ordered 40,000 units for the 2nd print, so they should have more to ship to wally during the holiday season, unless other (not yet unannounced) retailers are taking the bulk of the inventory, which is possible.
Some of this quantity is printed in other languages and has ALREADY been shipped/sold to Europe, but i bet a lot more than Wallys order is headed to North America right now.
Amfil Technologies
@AmfilTech
Second print run for ‘Kill the Unicorns' is currently in progress for approx. 40,000 units. Additionally, we have placed a print run for 25,000 units of another of our in-house published titles, ‘Red Panda’. We expect these titles to hit our warehouses by October 2019.
I provided DD/SUBSTANCE to back MY claims and asked for it in return, but received ZERO?
Its hard to support misinformation, which is why i stick with facts/logical opinions... If i cant support a claim with substance and/or a solid/well supported reasoning, i dont post it.
Weekly chart: Everyday the appeal of Snakes and Lattes GROWS... its not decreasing. lol
Do the SIMPLE DD... the appeal of this stock is growing as well, which is why its has so much 24/7 attention. It is consistently one of the hottest stocks on this site and the bottom/reversal is in progress
Last to figure it out, misses the biggest worm...
I will probably buy most, if not all of them at my local Wally... then call the next day and ask when it will be in stock, so the locations purchasing manager will be notified and a 2nd order will be placed.
If several of us do this, i bet we see a multi million dollar 2nd order placed shortly after, cause they wont have any inventory, unless they move a few units from another location, which i doubt.
Can you imagine where this stock will be when that 2nd order is placed? All time highs imo.
There are MANY people waiting for a franchise... and when they uplist, they will be executed on.
To claim they are abandoning this initiative lacks comprehension of the DD/facts. They cannot franchise until they are fully audited, per the law.
They did not audit the past few years to give up on 2019, which will likely be the easiest/fastest year to complete. No foreign BK acquisitions in FY2019, etc
False, terrible DD. This stock is holding over the 2 year downtrend resistance line for three weeks straight... hence the lack of selling now
BS, that’s all minor petty stuff. The monster news hasn’t even started yet
No doubt they’re going to announce when these products hit the shelves of Walmart... and no doubt Amazon will be announced shortly after, for 1 or more countries.
... and they have long term working relationships with several other retailers which could be announced as well.
Dozens of smaller retailers are popping up all over Europe, Australia, etc as well. We could see some big chains announced there, especially with all the raving reviews they can use as a sales tool to get the deal signed... FYI, they have not announced any of these foreign retailers, so we could get a nice PR detailing all of them. The masses don’t know about them yet, only those of us that follow the DD close
Just one of these large retail deals is bigger than anything they’ve announced.
$XXX,XXX,XXX sales potential with these 5 high margin SKUs. This is bigger and more exciting than all of the four locations combined... The DD is not hard.
Why else would this stock be holding near the highs of the run, even with negatives? The majority of the float has no interest in selling here... The DD is not hard: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=152148403
No, it’s at .073 with no news + several people claiming it was going to sell off because of negative delays.
When a stock stops reacting to negatives, what’s going to happen when the biggest/most exciting positives start hitting back to back to back? We’re only days away
This stock is preparing to put in a huge gain. The DD is not hard
PS: .073 is only .002 from the high of this run and barely anyone is selling
It absolutely is short term, because it vanishes the instant he files them.
A long-term detriment would be mass dilution, insider greed, a lack of growth, CORE products/concepts that are failing, etc... FUNN has none of these problems, only delays, which can be overcome any day now.
Once we move past this filing mess, it will no longer exist = short term
I don’t see the savviness in walking away with the biggest/most profitable events in company history literally days away... these are not speculative events, they’re verified with actual proof. For example, two of their high margin titles are listed on the website for the largest retailer. This is undeniable evidence... each game is capable of selling more than the current market cap, in one year. Try to find another penny stock with this type of VERIFIABLE potential
I’ve studies/traded thousands of penny stocks over the decades, they ALL have negatives. If someone is fearful of negatives, they shouldn’t be playing penny stocks... even the ugliest tickers can run for massive gains when the timing is right and this is far from an ugly ticker, which is why it has so much 24/7 interest. It is consistently one of the most popular stocks on this site
Over and over people have been predicting a selloff lately, but it doesn’t happen. The reason is obvious... Ignoring this and walking away at this point in time could become someone’s greatest lifetime regret, because the potential exists to improve one’s life dramatically, even if the CEO has poor communication strategies. This can be fixed by hiring a pro.
Every issue is just a short term bump in the road, these are not long term detriment. It’s important to understand this difference and not fool oneself into making a huge mistake
An important lesson is being taught about the market + TRUE sentiment.
When the technicals and fundamentals are so bullish, a short term negative is not going to discourage investors... i’m not happy about the delays, I think Roger needs someone with better communication strategies, been saying it for years, but I know better than to let short term negative discourage me from significant gains. This would be a stupid time to walk away
There is too much verifiable growth potential and every penny stock has negatives, which is why they are penny stocks... but if you’re going to have negatives with a penny stock, these are probably the best ones. We will overcome delays and uplist eventually, but if Roger was mass diluting us into nothing, like most pennies, that would be challenging to overcome
When many people are hoping for a dip, so they could snag cheapies, stocks often don’t dip... Fridays green close tells us that more people are trying to buy than sell.
There are BILLIONS of people in the world... and MILLIONS of penny investors. 99.99999999999999999999999999999999% dont know about this stock. lmao
I did not get burnt. I never even heard of CMGO when that drop took place... Your assumption lacks market knowledge. ALL pennies have negatives, WHICH IS WHY THEY ARE PENNY STOCKS!!!
If more people noticed the story, more would be buying. People are investing in FAR WORSE every day... stocks with ZERO revs, millions in convertible debt, billions outstanding, multiple reverse splits, shady insiders etc and they are worth several times this market cap.
The only difference is that those companies do more to get noticed.
They dont release news in the middle of a Friday, when the least amount of people notice.
PS: CMGO current market cap is about $3 million here, not including the share reductions. This is cheap. They have already made $1.5 million over the last 2 Qs and have an increasing cash position/net profits. Just 1X forward revs here... we will make money from these levels imo, a lot.
BS, barely anybody has been "burnt" lol.... EVERY PENNY has negatives, but they run all the time..
How many people do you think follow this story? A few hundred? lol.... Not many know about this stock.
Companies with FAR WORSE stories run every day... and the story is good here, just not enough are noticing it.
As ive said before, i hate Friday news. Liquidity/interest is always lower for pennies on Fridays... but eventually we will see some groups notice this and drive the volume. No doubt imo, thats how pennies often run. They wake up FAST and explode.
There are 10,000+ penny tickers + LOW liquidity, you have to do more to get noticed. Releasing PRs is not enough when the penny market is weak... but over the weekend we might get some bigger fish to notice.
CMGO weekly chart: Every number is headed in the right direction and soon the price will reflect it...
Todays news: CMG Holdings Reports Strong Third Quarter Results and Provides Update https://www.otcmarkets.com/stock/CMGO/news/story?e&id=1474241
CMGO weekly chart: Every number is headed in the right direction and soon the price will reflect it...
Todays news: CMG Holdings Reports Strong Third Quarter Results and Provides Update https://www.otcmarkets.com/stock/CMGO/news/story?e&id=1474241
The news has only been out 15 minutes. lol... You think everyone INSTANTLY sees it???
This news will circulate all weekend. Next week could see pennies
Every number is headed in the right direction... and eventually the price will reflect it
This is a very low P/E here
CMGO buyback DD/proof:
CMG Holdings Group Inc. pursuant to their Board of Directors approved a repurchase program on June 10, 2019 to buy back up to 100 million common shares over the next two years. The Company announced today that it has started the repurchase program by purchasing 1,050,098 common shares in the market at an average price of .00769. The shares purchased in this announcement and future purchases will be retired to the treasury which will reduce the corresponding amount from the outstanding total share pool.
https://www.otcmarkets.com/filing/html?id=13508886&guid=_ehIU6mgIW7cO3h
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CMG Holdings Group Inc. pursuant to their Board of Directors approved a repurchase program on June 10, 2019 to buy back up to 100 million common shares over the next two years. The Company announced today that it is continuing the repurchase program by purchasing 990,000 common shares in the market at an average price of .0073. The shares purchased in this announcement and future purchases will be retired to the treasury which will reduce the corresponding amount from the outstanding total share pool.
https://www.otcmarkets.com/filing/html?id=13532613&guid=_ehIU6mgIW7cO3h
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CMG Holdings Group Inc. pursuant to their Board of Directors approved a repurchase program on June 10, 2019 to buy back up to 100 million common shares over the next two years. The Company announced today that it is continuing the repurchase program by purchasing 1,000,000 common shares in the market at an average price of .00735. The shares purchased in this announcement and future purchases will be retired to the treasury which will reduce the corresponding amount from the outstanding total share pool.
https://www.otcmarkets.com/filing/html?id=13664102&guid=46qfUF8KQDJcith
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We recently passed a resolution which has enabled us to buy 100MM shares of our stock to be retired. I discovered a rich vein of shares that I believe can be purchased way below the market. We have 38.5 m shares on our books that are restricted. They have been on deposit with the transfer agent and have remained untouched for 7 plus years. They are as small as 10k shares and as big as 500k to 1 million shares. One thing is for certain, they are never going to be deposited to trade. I have begun to call some of the listed owners. I have discussed buying them back by the company at severe discounts and there is good interest. I believe over the next couple of quarters, we will be able to repurchase the majority and reduce the OS by between 5-8 percent. I am very excited by this prospect and so should CMG shareholders be. As the process moves along, I will keep you informed.
https://www.otcmarkets.com/stock/CMGO/news/CMG-Provides-Corporate-Update?id=240325
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CMG Holdings Group's Board of Directors Authorizes 100 Million Share Repurchase Program
CHICAGO, June 13, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of CMG Holdings Group, Inc. (OTC: CMGO) announces today the approval of a share buyback program of up to 100 million shares of the Company's common stock over the next two years. The share repurchases will be made at the discretion of the company through the open market purchases and/or privately negotiated transactions.
CMG's Chairman and CEO Glenn Laken said, "We are very excited by the prospects for the company going forward and have decided to implement this buyback based on our view that the price of the stock does not accurately reflect the value of the company and its increasingly positive prospects. We believe that this program is a very important step in increasing shareholder value. I'd like to thank our loyal shareholders for their support. Further information on CMG developments can be found at @CMGOnews on Twitter." The repurchases will be made with cash on hand, free cash flow from operations, and potential bank financing. Full details of the stock repurchase program may be found in CMG's report on Form 8K which will be filed within the next few business days.
About CMG Holdings Group, Inc.
CMG Holdings Group, Inc. is a Chicago holding company whose primary operating subsidiary is XA – The Experiential Agency, Inc. (http://www.experientialagency.com) - which engages in the alternative advertising, digital media, experiential and interactive marketing, and entertainment sectors. XA is involved in production and promotion, event design, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set design, and data analysis and management activities. The business also offers branding and design services, such as graphic, industrial and package designs across traditional and new media, public relations, social media, media development and relations, and interactive marketing platforms to provide its clients with customary private digital media networks to design and develop individual broadcasting digital media channels to sell, promote, and enhance their digital media video content through mobile, online, and social media. XA serves clients across the marketing communication industry. Separately, CMG Holdings Group owns Lincoln Acquisition Corp., a subsidiary formed to manage its portfolio investments.
Disclosure Statement
Statements in this press release about our future expectations, including without limitation, the likelihood that CMG Holdings Group, Inc. will meet minimum sales expectations, be successful and profitable, bring significant value to its stockholders, and leverage capital markets to execute its growth strategy, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law. No information in this press release should be construed in any form shape or manner as an indication of the Company's future revenues, financial condition or stock price.
Contact
Glenn Laken
CEO
CMG Holdings Group, Inc.
(773) 770-3440
glennbrlaken@gmail.com
Twitter: @CMGOnews
Just out: CMG Holdings Reports Strong Third Quarter Results and Provides Update
PR Newswire
10:00 AM ET
InvestorsHub NewsWire -- CMG Holdings Group, Inc. (OTC-PINK: CMGO) (CMGO/OTC) released results today of another profitable quarter and provided a shareholder update from the office of the CEO, Glenn Laken.
CMG executed well during the three-month period ending September 30, 2019. Total revenues of $448K were up 93% YoY from 233k during same period in 2018, generating a net profit of $147K - a significant increase from a net profit of $12K in 3Q18. XA remains debt-free going into the fourth quarter. In addition, cash on hand is $501K, up 23% from $409K at the end of the second quarter. XA's third quarter was defined by smaller jobs for significant new clients with large experiential budgets, including Timberland. Having just successfully produced a second Timberland event at the beginning of the 4th quarter, XA is now being considered for a much larger role in their experiential program at a meeting this week. In addition, J. Crew has scheduled meetings with our design and production team, and we anticipate bigger projects coming from them over the coming months.
In other news, CMG is beginning a tender offer for 38.5MM shares of restricted stock to reduce the outstanding shares in the Company's float. If successful, we will reduce the O/S by approximately 8.5%. This seems to be low hanging fruit and an efficacious way of spending company dollars. We will keep you informed as the program moves forward.
Additionally, we have a mediation session scheduled with the hope of resolving a malpractice lawsuit recently filed against former legal counsel. We will provide an update when information is available.
Overall, XA's 3rd quarter was very busy with business from a number of new clients. All of these new clients have the potential to bring in significant business going forward. As we execute our plans and continue to increase our market share, it is anticipated that the market will reward us with a significantly higher market cap in the near future.
About CMG Holdings Group, Inc.
CMG Holdings Group, Inc. is a Chicago holding company whose primary operating subsidiary is XA - The Experiential Agency, Inc. (http://www.experientialagency.com) - which engages in the alternative advertising, digital media, experiential and interactive marketing, and entertainment sectors. XA is involved in production and promotion, event design, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set design, and data analysis and management activities. The business also offers branding and design services, such as graphic, industrial and package designs across traditional and new media, public relations, as graphic, industrial and package designs across traditional and new media, public relations, social media, media development and relations, and interac tive marketing platforms to provide its clients with customary private digital media networks to design and develop individual broadcasting digital media channels to sell, promote, and enhance their digital media video content through mobile, online, and social mediums. XA serves clients across the marketing communication industry. Separately, CMG Holdings Group owns Lincoln Acquisition Corp., a subsidiary formed to manage its portfolio investments.
Disclosure Statement
Statements in this press release about our future expectations, including without limitation, the likelihood that CMG Holdings Group, Inc. w ill meet minimum sales expectations, be successful and profitable, bring significant value to its stockholders, and leverage capital markets to execute its growth strategy, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law. CMG's business strategy described in this press release is subject to innumerable risks, most significantly, whether the Company is successful in securing adequate financing and materially decreases its convertible debt. No information in this press release should be construed in any form shape or manner as an indication of the Company's future revenues, financial condition or stock price.
Contact: Glenn LakenCEOCMG Holdings Group, Inc.+1-(773)-770-3440glennbrlaken@gmail.com
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SOURCE CMG Holdings Group, Inc.
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CMG Holdings Reports Strong Third Quarter Results and Provides Update
PR Newswire
10:00 AM ET
InvestorsHub NewsWire -- CMG Holdings Group, Inc. (OTC-PINK: CMGO) (CMGO/OTC) released results today of another profitable quarter and provided a shareholder update from the office of the CEO, Glenn Laken.
CMG executed well during the three-month period ending September 30, 2019. Total revenues of $448K were up 93% YoY from 233k during same period in 2018, generating a net profit of $147K - a significant increase from a net profit of $12K in 3Q18. XA remains debt-free going into the fourth quarter. In addition, cash on hand is $501K, up 23% from $409K at the end of the second quarter. XA's third quarter was defined by smaller jobs for significant new clients with large experiential budgets, including Timberland. Having just successfully produced a second Timberland event at the beginning of the 4th quarter, XA is now being considered for a much larger role in their experiential program at a meeting this week. In addition, J. Crew has scheduled meetings with our design and production team, and we anticipate bigger projects coming from them over the coming months.
In other news, CMG is beginning a tender offer for 38.5MM shares of restricted stock to reduce the outstanding shares in the Company's float. If successful, we will reduce the O/S by approximately 8.5%. This seems to be low hanging fruit and an efficacious way of spending company dollars. We will keep you informed as the program moves forward.
Additionally, we have a mediation session scheduled with the hope of resolving a malpractice lawsuit recently filed against former legal counsel. We will provide an update when information is available.
Overall, XA's 3rd quarter was very busy with business from a number of new clients. All of these new clients have the potential to bring in significant business going forward. As we execute our plans and continue to increase our market share, it is anticipated that the market will reward us with a significantly higher market cap in the near future.
About CMG Holdings Group, Inc.
CMG Holdings Group, Inc. is a Chicago holding company whose primary operating subsidiary is XA - The Experiential Agency, Inc. (http://www.experientialagency.com) - which engages in the alternative advertising, digital media, experiential and interactive marketing, and entertainment sectors. XA is involved in production and promotion, event design, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set design, and data analysis and management activities. The business also offers branding and design services, such as graphic, industrial and package designs across traditional and new media, public relations, as graphic, industrial and package designs across traditional and new media, public relations, social media, media development and relations, and interac tive marketing platforms to provide its clients with customary private digital media networks to design and develop individual broadcasting digital media channels to sell, promote, and enhance their digital media video content through mobile, online, and social mediums. XA serves clients across the marketing communication industry. Separately, CMG Holdings Group owns Lincoln Acquisition Corp., a subsidiary formed to manage its portfolio investments.
Disclosure Statement
Statements in this press release about our future expectations, including without limitation, the likelihood that CMG Holdings Group, Inc. w ill meet minimum sales expectations, be successful and profitable, bring significant value to its stockholders, and leverage capital markets to execute its growth strategy, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law. CMG's business strategy described in this press release is subject to innumerable risks, most significantly, whether the Company is successful in securing adequate financing and materially decreases its convertible debt. No information in this press release should be construed in any form shape or manner as an indication of the Company's future revenues, financial condition or stock price.
Contact: Glenn LakenCEOCMG Holdings Group, Inc.+1-(773)-770-3440glennbrlaken@gmail.com
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SOURCE CMG Holdings Group, Inc.
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CMG Holdings Reports Strong Third Quarter Results and Provides Update
PR Newswire
10:00 AM ET
InvestorsHub NewsWire -- CMG Holdings Group, Inc. (OTC-PINK: CMGO) (CMGO/OTC) released results today of another profitable quarter and provided a shareholder update from the office of the CEO, Glenn Laken.
CMG executed well during the three-month period ending September 30, 2019. Total revenues of $448K were up 93% YoY from 233k during same period in 2018, generating a net profit of $147K - a significant increase from a net profit of $12K in 3Q18. XA remains debt-free going into the fourth quarter. In addition, cash on hand is $501K, up 23% from $409K at the end of the second quarter. XA's third quarter was defined by smaller jobs for significant new clients with large experiential budgets, including Timberland. Having just successfully produced a second Timberland event at the beginning of the 4th quarter, XA is now being considered for a much larger role in their experiential program at a meeting this week. In addition, J. Crew has scheduled meetings with our design and production team, and we anticipate bigger projects coming from them over the coming months.
In other news, CMG is beginning a tender offer for 38.5MM shares of restricted stock to reduce the outstanding shares in the Company's float. If successful, we will reduce the O/S by approximately 8.5%. This seems to be low hanging fruit and an efficacious way of spending company dollars. We will keep you informed as the program moves forward.
Additionally, we have a mediation session scheduled with the hope of resolving a malpractice lawsuit recently filed against former legal counsel. We will provide an update when information is available.
Overall, XA's 3rd quarter was very busy with business from a number of new clients. All of these new clients have the potential to bring in significant business going forward. As we execute our plans and continue to increase our market share, it is anticipated that the market will reward us with a significantly higher market cap in the near future.
About CMG Holdings Group, Inc.
CMG Holdings Group, Inc. is a Chicago holding company whose primary operating subsidiary is XA - The Experiential Agency, Inc. (http://www.experientialagency.com) - which engages in the alternative advertising, digital media, experiential and interactive marketing, and entertainment sectors. XA is involved in production and promotion, event design, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set design, and data analysis and management activities. The business also offers branding and design services, such as graphic, industrial and package designs across traditional and new media, public relations, as graphic, industrial and package designs across traditional and new media, public relations, social media, media development and relations, and interac tive marketing platforms to provide its clients with customary private digital media networks to design and develop individual broadcasting digital media channels to sell, promote, and enhance their digital media video content through mobile, online, and social mediums. XA serves clients across the marketing communication industry. Separately, CMG Holdings Group owns Lincoln Acquisition Corp., a subsidiary formed to manage its portfolio investments.
Disclosure Statement
Statements in this press release about our future expectations, including without limitation, the likelihood that CMG Holdings Group, Inc. w ill meet minimum sales expectations, be successful and profitable, bring significant value to its stockholders, and leverage capital markets to execute its growth strategy, constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and our actual results could differ materially from expected results. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law. CMG's business strategy described in this press release is subject to innumerable risks, most significantly, whether the Company is successful in securing adequate financing and materially decreases its convertible debt. No information in this press release should be construed in any form shape or manner as an indication of the Company's future revenues, financial condition or stock price.
Contact: Glenn LakenCEOCMG Holdings Group, Inc.+1-(773)-770-3440glennbrlaken@gmail.com
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View original content:http://www.prnewswire .com/news-releases/cmg-holdings-reports-strong-third-quarter-results-and-provides-update-300954456.html
SOURCE CMG Holdings Group, Inc.
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Its best to not employee and IR. Contract them for periods of time, so they have to stay motivated to get the deal extended.... and if they suck, get a new one.
Inhouse IRs are good when you reach the big boards and the IR options open up on how to promote. In the pennies an IR needs to be more creative/hungry, cause its a fight to get noticed out of the 10,000 other tickers + liquidity is limited, which makes it even harder.
This story is SEXY, so a savvy IR can do a lot with it. More than most boring tickers. Most penny ticker cant be moved without shady tactics, which we dont want/need