Up 3-0, 5 outs away, Mark Prior dealing.....it sickens me still. My anger should probably be directed at Alex Gonzalez rather than Bartman but Bartman is a much easier target.

Is that good?

Happy Steve Bartman Day......ahhhhh, it still hurts so bad!

Grab a Snickers....

I would think it would be sold to someone other than AEYE because I don't think AEYE has that much cash at this point. That's just based on their 2Q 10-Q. But I'm certainly no expert and can't tell you for sure.

And now we're back to about where we started. Well, that was fun.

8K is out

http://www.sec.gov/Archives/edgar/data/1346655/000117892413000176/f8k1_form-cmgo.htm

This company has now lost 75% of its value since these jackasses took over. I hope this guy wakes up to his sick wife and bum shoulder and is miserable every day knowing he is costing people money.

Rumor was they were going to pay it off before they had to give Asher any shares. Maybe the guy running the place had car trouble and couldn't make it to the bank to write the check. That has to be it.

Whoa! You mean they haven't paid off that Asher note yet? I.Am.Shocked.

From what I can tell, CMGO appears to be just a side gig for everyone involved. Devlin's not getting paid so there's little incentive for him to do anything. The one guy in charge must have other business ventures he's involved in in order to have been able to acquire as many shares as he did that got him to the position he is in now. So until they make this job a priority, which I don't foresee any time soon, we'll be stuck down here with the other loser stocks. Very disappointing.

Hey, don't joke about slapping the ask, only about 400k shares and we'll be at $0.04!! What? There's probably double that amount hidden in there somewhere? Oh.....LOL.

I'm afraid so. I wouldn't be surprised to see multiple convertible notes in the next Q. I think the company is hurting for cash and with this new MM, it has all the markings of dilution. Just how much seems to be the only question??

I would do cartwheels if they could get this over $0.01.

And I assume by "management," you mean the one guy off the street in the bad leisure suit? This is truly a rudderless ship.

Speaking of, any guesses on why it will be late this quarter? So far we've had a dislocated shoulder and a sick wife. I'm gonna say for 3Q13, it'll be the family dog had to be rushed to the vet.

http://finance.yahoo.com/news/audioeye-invited-present-u-house-122800265.htm

260M is the approximate amount outstanding I believe. There was about 37k shares of Treasury Stock as of 2nd quarter (see Treasury Stock line item) and then they retired another 33.9M in 3rd quarter. So roughly about 34M shares in Treasury Stock is what I am seeing.

Great!! I'll be looking forward to it!

Not according to the 10-Q. Go tell your boy to update the wording in the Q if that is the case.

Not to mention the other $51k convertible note to Infinite Alpha. That's the one that really worries me because it's payable on demand. At least with Asher, they are giving the company 180 days before they do any conversion. The easiest thing would be to liquidate $100k of the $1.8MM marketable securities and just get rid of them - if they really want to.

I understand why the flippers would keep their bid at 65. I guess I was just referring to the folks that have bids in for support and who are long-term investors that want to see the stock go a lot higher. I would think they would want to move their bid up because it doesn't do much good when there is such a big spread.

I'm not one to talk because I'm out of powder so I'm just sitting here watching. And I'm never one to judge anyone's trading practices because if they're making money, that's what we're here to do so good for them. But I would think if you truly want to help the stock and create a floor, that bid should be moved up closer to the ask. But to each his own.

I wish I knew why people were so fixated on having a bid in at 65. It would be nice if they would move it up at least into the 8s and see if that would get things moving a little bit.

After this, I'm gonna go grab a beer and unwind before the weekend gets started. I just find it ironic that the driving force of CMGO is XA, a marketing firm, yet there appears to be very little marketing of this stock. No PRs, very few 8-Ks, nothing. I understand management has a certain philsophy of not wanting to put out information until after their plans have been completed. The problem with that is there is (or should) always be something next up on the agenda. So at some point, you have to start putting out PRs and 8-Ks on a more frequent basis to get more eyes on this stock - period.

To me, I don't care if it's "fluff" or not, just put it out there and let the potential shareholders decide if it's worthy of their investment. All they have to do is read it and ignore it if they don't like it - what's the harm in that?

Makingwaves - I appreciate all the info you bring to the table. My frustration is not directed at you. They're just observations I'm making that seem pretty obvious to me but I could certainly be wrong.

That is very good news - thanks for your help!

I don't. I don't see how that wording could have slipped by both management and the auditors (supposedly the best in the business, BTW). Especially when the major focus this year has been on eliminating all the old convertible notes from prior management. They have to know this group of shareholders is sensitive to convertible debt (some more than others, obviously). But, I'm just a measley shareholder looking at it from the outside so I don't know what's actually going on inside the company.

I think the person in charge would be wise to go back and ammend the 10-Q to say these notes are straight loans and not convertibles if that is the case. Because when I read "On May 20, 2013 the company issued a convertible promissory note for $53,000 to Asher..." and "On April 29, 2013 the company issued a convertible promissory note for $51,500 to Infinite Alpha..." that sure sounds like convertible debt to me. I understand if the plan is for these notes to be paid off before they are to be converted, which I hope they do, but we know that plans don't always come to fruition (see AEYE stock price). We just got done getting out from under a bunch of convertible debt so I hate to see us wade back into that water. So if it's not convertibles and are just straight loans, the wording should reflect that.

It's pretty easy actually. The past convertible debt is what has held the PPS down for the last year and it looks like they have continued to add that type of debt, even though we were told they absolutely are not engaging in that type of financing any more.

Not to mention revenues are down both for the quarter and YTD compared to last year.

I'm not trying to be a Debbie downer here, but other than the increase in net income, I don't see too many positives in this report.

So when it says "convertible promissory note," maybe you can explain how that is not convertible debt? Seems pretty obvious to me.

No, that is total assets. Cash is only $536,332 and marketable securities is $1.8MM. I would like to see them use some of that cash and liquidate some of those securities to get rid of the $104k in new convertible debt.

10-Q is out. It looks to me like they are continuing to issue convertible debt (see Notes Payable section for Asher and Infinite Alpha). I don't like that.

http://www.sec.gov/Archives/edgar/data/1346655/000117892413000158/f10q-cmgo.htm

Per the post below, it appears it is someone other than Boden running the company at the moment.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88001536

I would love to know who this guy is that is running the show. Is it just some guy that had some extra cash laying around and is working on this in his spare time? Or does he have extensive experience in turning companies like this around? What's his background? It seems strange that you can have someone in this important of a position of a public company yet nobody even knows his name.

"Never do today what you can put off til tomorrow." - Aaron Burr

This will be my last post for today. This issue for me is not about this 10-Q - I could care less if we get it tonight, tomorrow or next week. But what is bothersome to me is the basic underlying processes of running a business do not appear to be in place. And when those processes are not in place, it leads to inefficiency, which costs money, which ultimately affects the PPS (and, thus, me). With everything we have heard from management up to this point, I figured at least the basic processes, like having people in backup roles, were in place. But that does not appear to be the case so until that gets squared away and this company learns how to become more efficient and independent, I don't think we're going anywhere.

I'm well aware of all the 8-Ks that have come out and have read them each several times. I understand that they have retired quite a bit of debt during the year. But what I don't understand is how business operations seems to come to a stand-still, even today, when one person is out of the office. Business 101 says that you should have someone in a backup position that can keep things going. At the end of the day, all any of us really care about, which is why we are here, is the PPS and the fact is the PPS has not moved one iota since December, regardless of the reasons why.

So let me get this straight: based on what I just read, there is only one single person that is responsible for both funding this company (to the tune of $125k) AND handling SEC reporting? That is a stunning revelation if that is true. It's stunning because it would appear that a) in 9 months, the company has not put cross-training procedures in place to allow the company to operate fluidly and with some degree of consistency when someone is out of the office and b) only $125k stands between shareholders and bankruptcy. I'm hoping I misread that or there is more to it than that.

For all the good news that has been reported this year, it appears based on those two facts that this new management has made very little, if any, substantive progress.

These guys are just as incompetent as the last bunch.

If this were a big board stock where people actually knew or cared about this stock, that would be the case. But since nobody does either regarding this stock, that may not be the case.

IMO, unless you are a part of this board or just happened to come across CMGO in some research or something, no one knows that CMGO exists, what they do, what new management has done, etc. That's why PRs are so important so that the company can get the word out to the ordinary investor.

I can't figure why they wouldn't have put the information from the last 8-k in a PR for all to see. It was all good news so why not share it with the world? It couldn't hurt anything. But apparently this management feels they are above PRs, which is only hurting our cause.