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L2 currently shows at least 7 million shares looking to be bought at .0035 and up... And I’m sure there’s a lot more that isn’t being quoted on L2, like my million share order at .0031
... I bet the company is one of those bidders
It’s important to remember that the volatility is caused by traders/manipulators/market conditions, not from the company diluting shares. Glenn has only reduced the OS, not increase
I do believe the people losing these lawsuits to this very small company are pissed and are aggressively trying to hurt everybody involved.
... but I also think Glenn knows this and it adds even more motivation for him to do something big and shove it down their throat‘s
... and this motivation will also prevent him from doing anything that hurts this company.
IMO he’s going to do some type of deal with this cash and it will change the dynamics dramatically. Im sure he knows that he has to do something, it just takes time to figure out the right type of deal.
If this company is so bad why is the CEO using his personal + the companys cash to buy stock? Trust me, he’s as motivated as anybody to improve the price, it’s just a very difficult time to do so.
We are at the mercy of traders right now. If someone can’t stomach the volatility, penny stocks are not for them
Every time this stock drops we hear how it’s “over”. Then the price starts to run and we hear how it’s a great stock headed to pennies
Don’t be played by the players. This company is in better position now than any time in the past... Remember, Glenn didn’t cause the problems with this company, he’s cleaning it up
The entire penny market got slaughtered, understood? We’re in the middle of a pandemic.
Every freaking day the claims change... Do you see any dilution or debt piling up??? Now compare to most penny stocks
Amazing
LOL... it’s just a short term issue that every single company goes through When they start getting their filings in order. I went through this on another stock last year. CMGO didn’t get the stop sign because they stopped filing, It’s the exact opposite. Let’s use a little logic and common sense and skip the end of the world BS for a company that is improving every aspect
What exactly does that mean?!
False, CMGO has ran from these levels to over .01 each of the past two years, not including the many hundred percent swings it has made under .01. I don’t know what markets you’re following, but those are significant gains for an investor. S&P 500 beating gains, multiple times each year.
If someone is expecting to get rich off one stock they’re fooling themselves. there’s been opportunities here, it’s a matter if one chooses to take advantage of those opportunities or not. I’ve traded this several times over the years and made money, but I also hold a chunk for when it’s ready to run over .01 for good.
Again, I prefer to remove the emotions and use logic to look at an investment... And I bet that anybody that buys from this level and lower will see another 100%+ opportunity this year.
But if they continue to improve EVERY aspect of the company, it will one day
Is it logical to judge a company on if they can get over .01 or not?! lol.... One can buy at this level and make money, just ask the flippers
Investments should not be judged on if they can get over a magical number which is hundreds of percent higher, within a specific time. That is the weakest way to look at an investment and not a savvy basis to make judgement... Traders look at stocks that way, not "investors"
Glenn has been working to improve EVERY aspect and anyone that is doing proper DD should know that these things take time. Just recently he completed the filings, which is a major step towards this goal, right?
If he continues to improve all aspects of the company, while reducing the OS, this will eventually make the holders money from these levels... I just dont see how its the end of the world, its a buying opportunity.
If anyone was expecting perfection from a penny stock they are fooling themselves. It dont exist
If Glenn does an acquisition to improve the company during this buyers market, we could see a nice run from these levels.
Notice how NO ONE even tries to debate this company being undervalued?... its because they would run into a wall of supportive DD
This is one of the best valued penny stocks because of all the cash coming in. Its a VERY RARE situation for this market cap level. Most pennies cant find any cash that isn't extremely dilutive/destructive
I just dont see a reason to sell this at a $1.5 million valuation, which people were on Friday. This is undervalued, esp when compared to 95% of penny stocks that will have to mass dilute with unfavorable terms to survive.... and most of them trade for more than CMGO.
The only negative is that revs are temporarily halted, but this wont stop their cash position, filing status, etc from improving near term
Not many small companies, public or private, are as healthy as CMGO right now. Sounds crazy, but most ran out of cash months ago, while CMGO has $500K+ with more coming each month...
... and it required no labor to obtain this money. Its all profit and significant excess over what they need to survive the next year+
Sure, revs fell off a cliff (understandably/predictably), but it has for MOST companies... at least we know that CMGO will easily survive this pandemic. In fact, they are actually improving the structure of the company
Every company is dealing with the same "excuse". Its called a Stay-at-Home order...
... but at least CMGO does not need to borrow/raise money to survive. They are in position to buy the weak shares, if they choose
People are talking like it’s the end of the world, but even in this tough environment this is one of the cleaner and well positioned penny stocks, especially for only having a $1.8 million valuation. They have enough cash to weather the storm and get back on track. They won’t have any need to dilute, they can continue the buyback as people scare themselves into selling at the lows, making the company even stronger for those that have patience.
... i’ll say it again, there are many great entrepreneurs looking for money to help fund/fuel their business plan but are unable to raise any right now. This is far better than any shell, it’s clean and loaded with cash... if Glenn wants to do a deal, there will be a whole line of people knocking on his door. He can pick and choose
Maybe he could set up kiosks/vehicles that sell designer masks on the streets of major cities? It’s within their ability... The need for masks isn’t gonna go away anytime soon. Billions of masks are going to be sold in the coming months/years and many people will pay more for nicer ones.
Sailors on sidelined USS Theodore Roosevelt get virus for second time: https://www.nbcnews.com/politics/politics-news/sailors-sidelined-uss-theodore-roosevelt-get-virus-second-time-n1208076
Negotiations with many people takes time... and then to transfer the shares takes even longer
There was a more recent update but I don’t know where it is.
Nothing out of the ordinary, there’s nothing to suggest that Glenn isn’t aggressively pursuing this, just like the multiple lawsuit wins... Remember when the lawsuits were being doubted as well, right before they won???
Remember when people doubted that he would get these filings done?
People keep insinuating that he’s going to fail, right before he comes through. Time and time again
But they’re currently negotiating the biggest buy back yet, right? This news should be any day now
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 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.
Glenn needs to step up and do a deal that dramatically improves the dynamics of this company. They have the cash.... A $1.8 million market cap (not including share reductions) with this much cash is ridiculously cheap for this company, especially since they won’t have any need to dilute for years, even if revenue were to remain zero, which it won’t
CMGO SEC Edgar History of 9,540,098 Buyback Shares To-Date 2/20/22020
1,000,000 common shares in the open market at an average price of .00597 2/20/2020
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000050/cmgo_2020feb20-8k.htm
1,200,000 common shares in the open market at an average price of .00625 2/11/2020
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000016/cmgo_2020feb10-8k.htm
1,000,000 common shares in the open market at an average price of .0065 1/16/2020
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000006/cmgo_2020jan16-8k.htm
3,300,000 common shares in the open market at an average price of .0063 1/6/2020
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000002/0001017386-20-000002-index.htm
1,000,000 common shares in the open market at an average price of .00735 9/30/2019
https://www.sec.gov/Archives/edgar/data/1346655/000147793219005573/cmgo_8k.htm
990,000 common shares in the open market at an average price of .0073 7/10/2019
https://www.sec.gov/Archives/edgar/data/1346655/000101738619000194/cmgo_2019july9-8k.htm
1,050,098 common shares in the open market at an average price of .00769 6/26/2019
https://www.sec.gov/Archives/edgar/data/1346655/000101738619000174/cmgo_2019jun25-8k.htm
9,540,098 Total Buyback Shares To-date 2/20/2020 to Reduce the O/S
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 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
Anybody with inside information would have KNOWN there was no revenue MONTHS AGO, they didn’t just find out today. lmao.... do you think they had to wait till today to figure out there was going to be no revenue for last quarter? Were the calculations too difficult? Too funny
let’s stick to facts. The company and CEO have been buying shares, even while they knew they had no revenue. They knew it months ago...
Then why weren’t they selling the day before? lol.... there were better prices during the days leading up to this report, that’s when an insider would sell
The first people that saw it sold, not insiders. Timing matches up
This is a buyers market so there’s a lot of opportunities out there for him to acquire. Their cash position and clean structure makes this an extremely attractive public vehicle. No one can sincerely deny this Company is in great position, even with zero revenue from operations
how many companies have this much FREE $$$ a month coming in that requires no expenses other than the drive to the bank to cash it
The amount they lost this quarter means they won’t need to dilute for years, if ever, based on current expenses...Now compare to the rest your penny stocks that have millions in convertible debt and no cash... Watch what happens to those stocks as they desperately try to raise money when no one wants to buy their stock without a MASSIVE discount
If one is going to be in any penny stock, this is a safer company than 95% of them right now. The business is going to come back, but even if it didn’t they have enough cash for years...
My gut tells me Glenn is going to make an acquisition that diversifies their revenue and pushes the stock... There are so many great ideas out there but no cash to fund them right now, this is the perfect public vehicle to get acquired by. better than merging into a shell with no cash
The cash is heading down a little, but they’re also buying back shares both in the open market + a large private transaction which should be announced any day. This cost money, but luckily they still have tons of cash coming in over the next several months, not including the additional lawsuits
This company is actually in very good condition if you compare it to the rest of the penny market
The penny market is 90%+ ignorant traders... if People sell, just remember the company and the CEO are buying
An $800k, market cap (At .002) is illogical. They have more cash coming in than that..
I can show you shells with 1 billion+ OS that are worth millions and they never made one dollar in revenue and have zero cash + millions in debt. This stock is undervalued even with no revenue, based on the standard set for the majority of penny stocks
This is a contract business where 1 or 2 contracts can amount to the entire revenue for a quarter. Lose those deals, you’re going to have no revenue. They don’t sell a consumable product. This is a small company and it’s valued like one
Last week I warned people not to expect much from this quarter. We are investing in their cash position and potential to acquire some companies. This is a buyers market and they are in good position to do so
If i knew it only took a small gain i would have painted the ask...lmao
... but sadly we’re probably only one Bid paint away from it being the end of the world again.
I’m serious, there are opportunities all over the place, but if you’re so focused on one ticker all day you’re not finding them. just let this one sit in the drawer for awhile and focus on some other stocks... or if you need the cash sell this one and buy a big board stock that will be on sale in the coming days/weeks
Time is money, but it can’t be replaced
Buy some GLD options and thank me later
The people that lost these lawsuits are certainly frustrated and want to see Glenn fail. They are reminded of his ass-whoopin every time they have to write a check to CMGO
Must suck to be them
Zero dilution in years: CMG Holdings Group's Board of Directors Authorizes 100 Million Share Repurchase Program
Jun. 13, 2019, 04:30 PM
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. (https://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
Large reduction coming: 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 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
False: CMGO SEC Edgar History of 9,540,098 Buyback Shares To-Date 2/20/22020
1,000,000 common shares in the open market at an average price of .00597 2/20/2020
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000050/cmgo_2020feb20-8k.htm
1,200,000 common shares in the open market at an average price of .00625 2/11/2020
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000016/cmgo_2020feb10-8k.htm
1,000,000 common shares in the open market at an average price of .0065 1/16/2020
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000006/cmgo_2020jan16-8k.htm
3,300,000 common shares in the open market at an average price of .0063 1/6/2020
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000002/0001017386-20-000002-index.htm
1,000,000 common shares in the open market at an average price of .00735 9/30/2019
https://www.sec.gov/Archives/edgar/data/1346655/000147793219005573/cmgo_8k.htm
990,000 common shares in the open market at an average price of .0073 7/10/2019
https://www.sec.gov/Archives/edgar/data/1346655/000101738619000194/cmgo_2019july9-8k.htm
1,050,098 common shares in the open market at an average price of .00769 6/26/2019
https://www.sec.gov/Archives/edgar/data/1346655/000101738619000174/cmgo_2019jun25-8k.htm
9,540,098 Total Buyback Shares To-date 2/20/2020 to Reduce the O/S
It also helps if we keep this board informative and not bury DD with BS. Be proactive
This is why I only participate in the discussion when there’s some action, the rest of the time it’s a waste. I’ve got many other tickers to study
Anybody that has traded lots of penny stocks has seen this more often than not. Interest comes in spurts, unless the company is proactive at keeping the story rolling along... I have traded thousands of penny stocks over the decades, this is the way it usually is, more often than not.
Glenn needs to biuld BUZZ. Get people speculating about acquisitions, new business strategies, etc.
Longs can help as well by posting the DD around the Momo boards, social media, etc. Not many longs are proactive in this stock... If you look at the stocks that are running each day, they are being hyped all over the place.
If people don’t know a stock exists, they can’t buy it.
Again, that’s how it is for most penny stocks each and every day. There are 10,000 of them and most have less volume than this
A Company has to fight to gain interest, unless they’re lucky enough for a group to discover them and pump the stock
This is normal in the penny market, if someone don’t like it trade big board stocks
That’s why he needs to hire an investor relations pro, he has the money. He should also come up with something exciting to relay to the market, again they have the cash to do many types of deals.
Once they get eyeballs on the stock, I bet it runs multi pennies, fast. The market cap is ridiculously low, I know shells that are worth more than this and they don’t have any cash on the books
No one said this company is perfect, but i doubt anyone is able to find anything better for this valuation level
Regardless, there’s not much downside with the company buying and not diluting. A $2 million market cap is nothing for the position they are in.