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This is a contract business. When you sign a customer for a single deal, then you go a long time without any deals/revenue from them, they are a new client when you sign them.... maybe the better way to phrase it is that it’s “new money”, because revs from the customer is not currently being included in the financial reports, but will in the future reports.
It’s an insignificant debate. More money is good no matter how you slice it and these are very big customers that pay their bills. I can’t tell you how often I see penny stocks sign big deals with companies you’ve never heard of and were just created... EA Is worth almost $30 billion and could give them more advertising work than several times this market cap. EA is estimated to spend about $700 million on marketing and sales expenditures, just this year: https://www.statista.com/statistics/672141/electronic-arts-marketing-and-sales-spending/
This is huge news no matter how you slice and it will become undeniable in the future financial reports. Selling at these levels is stupid. Do the DD, do the simple math
I don’t think many are counting on the filing being released within this extension period... and I don’t think many will be selling with the biggest events in company history coming. We could dip, but I bet it gets bought from people trying to average down: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151625696
Even the most bearish people would be buying into any dip from here imo, cause they know it will bounce shortly after
All Roger has to do is announce his intention to hire a professional firm to help come up with a market strategy, cause everyone here knows what the story can do in front of more eyes. IRs are not helpful for most penny stocks because their story sucks, there’s nothing to amplify... but this story has all kinds of amazing aspects that can be expanded on and told in a savvier way, to a larger audience, especially with this high margin game about to hit the shelves of the largest retailers.
The early game reviews are strong, from the people who have every reason to be upset (due to kickstarter delays), this is a significant sign... not only is this sector red hot with people looking for new titles, they are also in the perfect position to market this game to thousands of people per day via their e-commerce + locations.
This game could make more money than this market cap, in less than one year. We don’t even need any cafes, distribution or anything else to see all time highs, only this game.
This stock has been plotting higher lows for 1.5 years... all stocks have highs and lows, good times to buy and bad, but timing the market is an individual‘s responsibility. Sorry for your entry area, but I am making money with mine.
These guys are about to have more cash flowing in than the value of this company, and they are reducing the shares with this cash. I’m looking for a multi penny run in the not too distant future.
I see complete crap run to hundreds of millions, no doubt this stock can run higher than $3 million, especially with the type of news that’s coming... traders keep buying these dips then dumping into the news, but eventually there will be enough volume to overcome them and keep running. Their reentry area keeps rising as more find the stock and compete to buy the dips. Along with the company removing shares from the market, with zero shares reentering (dilution)
Some have been claiming how this stock can’t run since triple zeros. Glenn had a lot of stuff to clean up from the old management, but now every number is headed in the right direction. This is no time to be stuck on the past. IMO we are staging for a BIG spike, just cant say exactly when it will happen.
PS: How much downside can this have with this much lawsuit $$$ coming in, relative to the market cap?... and a decreasing float/OS?
Lets do some simple math: $481,000 NET profits for the quarter X 4 quarters = $1,924,000 Forward NET profit pace
$3,416,246(current market cap) divided by $1,924,000 (forward net profit) = a current 1-2 Forward PE ratio.
Then add in the fact that the OS is shrinking via buybacks, which are being fuel by these numbers... along with the fact that they dont have any significant convertible debt + revenues and their cash position is increasing.
I dont see how this wont move higher than this valuation level. Even do-nothing crap tickers can maintain levels much higher than $3 million cap. This should move to at least a 10 forward PE (.04+), which is STILL relatively cheap compared to its peers.
The people that are selling are not paying attention to the dramatic fundamental shift that is taking place... and will regret it imo. Its simple math
“As you can see, CMG executed well during the three-month period ended June 30, 2019. Total revenues of $1.06MM were up 358% YoY from $232K in the prior year’s same period aided by strong execution and financial management. The Company generated a net profit of $481K up significantly from a loss of ($183K) in 2Q18. We remain debt free at the XA level leaving the business in a great position going forward. XA’s fundamentals are improving and the unit has a very clean capital structure, which are the best of both worlds.
https://www.otcmarkets.com/stock/CMGO/news/CMG-Holdings-Reports-Strong-Second-Quarter-Results-and-Provides-Update?id=237087
________________
Revenues of $1MM+ up 358% YoY, Profitability Maintained
XA Sales Funnel Builds with Multiple Seven-Figure Contract Bids Progressing
Approved 100MM Share Repurchase and Began Returning Capital to Stockholders
Company Pursuing Legal Action Against Former Attorneys
since there will be no more news,until November 15th filing report
(edited) "Timberland's CEO was so impressed with the result, he assured her Timberland would soon be working with XA again on something considerably bigger"
What does "again" mean? It means they COMPLETED their first deal, but the clients name was not announced until now.... but per this PR a "considerably bigger" deal is likely coming from this NEW client. In other words, they passed the test.
If what he stated was false Timberland and these other multi billion dollar companies would slap him with a Cease and Desist instantly. IMO he could have written the PR a little better, but there is nothing wrong with it.
The next deal could be 7 figures, with just one client...
Additionally, CMG would like to give an update on its business outlook. During the quarter, XA, the Company’s operating subsidiary, closed a six-figure contract with a world-renowned clothing retailer which has the potential to become a seven-figure relationship after its initial scope of work is completed. Further, XA continues to work with several new clients on installations each to be in excess of $1 million and expects to close at least a couple of these opportunities this year which will become 2019 and 2020 business. XA continues to see clients returning with $50K - $100K jobs on a continual basis, which builds its book of business and provides visibility to future results.
Said Laken: “Overall, we have returned XA to strong growth and sustained profitability, which management projected heading into this year. With this operational momentum and our expected cash proceeds from non-operating activities, the Company is in the best state of operational health and liquidity position it has enjoyed in years. I believe we have laid the foundation for a great future for the Company and expect to create substantial value for shareholders in the future. For these reasons, our Board of Directors approved a 100 million share repurchase program, which we initiated in June and which continues to be executed today.”
https://www.otcmarkets.com/stock/CMGO/news/CMG-Holdings-Reports-Strong-Second-Quarter-Results-and-Provides-Update?id=237087
The KEY is that this stock would be undervalued without ANY of these lawsuits. The recent lawsuit win is all EXTRA cash, which does not require any more overhead to collect = profit/free cash flow... and with this ultra low market cap, it makes this ticker a screaming buy, hence the buybacks!
Glenn and his legal team have PROVEN that they can win against these clowns. I think this 2nd case is a slam dunk and they know it... but again its all EXTRA, not the CORE of the investment here: https://backend.otcmarkets.com/otcapi/company/dns/news/document/35739/content
The $2.7 million lawsuit is paid over 30 months, so last quarters record/net profitable growth was mostly from the underlying biz, not the lawsuit. This is important to remember, cause some inaccurately assume it was boosted heavily from of the lawsuit win.
We are investing in a THRIVING biz... and these new multi billion customers (EA Sports= $30 billion) were not included in last Qs record growth. Proper perspective is important to understand the value here and get in EARLY.
Revenues of $1MM+ up 358% YoY, Profitability Maintained
XA Sales Funnel Builds with Multiple Seven-Figure Contract Bids Progressing
Approved 100MM Share Repurchase and Began Returning Capital to Stockholders
Company Pursuing Legal Action Against Former Attorneys
I think we have a new group entering... At least some of them are. If what i think it happening, their followers should be coming in next
This news/growth + chart + increasing volume should continue to attract buyers today. Could be much higher by close.
Growth was sure strong before this new billion+ customer... and now we might have more lawsuit cash coming? This case is strong, which is why they want to settle... Why sell here? Even the OS is decreasing. You might never get your shares back, cause when this REALLY gets noticed, its gonna explode... We have seen higher lows since last year. This has been a great ticker for both longs and traders.
Lets do some simple math: $481,000 NET profits for the quarter X 4 quarters = $1,924,000 Forward NET profit pace
$3,416,246(current market cap) divided by $1,924,000 (forward net profit) = a current 1-2 Forward PE ratio.
Then add in the fact that the OS is shrinking via buybacks, which are being fuel by these numbers... along with the fact that they dont have any significant convertible debt + revenues and their cash position is increasing.
I dont see how this wont move higher than this valuation level. Even do-nothing crap tickers can maintain levels much higher than $3 million cap. This should move to at least a 10 forward PE (.04+), which is STILL relatively cheap compared to its peers.
The people that are selling are not paying attention to the dramatic fundamental shift that is taking place... and will regret it imo. Its simple math
“As you can see, CMG executed well during the three-month period ended June 30, 2019. Total revenues of $1.06MM were up 358% YoY from $232K in the prior year’s same period aided by strong execution and financial management. The Company generated a net profit of $481K up significantly from a loss of ($183K) in 2Q18. We remain debt free at the XA level leaving the business in a great position going forward. XA’s fundamentals are improving and the unit has a very clean capital structure, which are the best of both worlds.
https://www.otcmarkets.com/stock/CMGO/news/CMG-Holdings-Reports-Strong-Second-Quarter-Results-and-Provides-Update?id=237087
A large hidden buyer has stepped up and the other MMs are snagging cheapies around them now imo
L2 has totally shifted. This is a good sign.... New HOD with consistent Ask whacking
lol.. that bullshit is thick! How could one "COVER MY 3 MILLION" when it has not even traded that much since you claimed to short in the .006's just yesterday? lol
I AM THINKING TO TAKE THIS B4TCH DOWN TO .004 NOW.
Maybe its the old management and they have shares from much lower prices. There are 400 million float shares out there.
hy would people sell at a loss to get at Glenn???
Its hard to accumulate when you sell into news, before it even moves much. Why sell so low?... i think its something much more personal, directed at Glenn. He has stepped on a lot of toes to get here
It dont look like they want to sell in the .006s tho
ARCA and OLMN jump on the Ask and put pressure on it during every news day.
They move in sync, often with the same oddball Ask sizes, like they have now... They both show 68K
This is one person using multiple MMs to discourage buying, why?
Lets do some simple math: $481,000 NET profits for the quarter X 4 quarters = $1,924,000 Forward NET profit pace
$3,416,246(current market cap) divided by $1,924,000 (forward net profit) = a current 1-2 Forward PE ratio.
Then add in the fact that the OS is shrinking via buybacks, which are being fuel by these numbers... along with the fact that they dont have any significant convertible debt + revenues and their cash position is increasing.
I dont see how this wont move higher than this valuation level. Even do-nothing crap tickers can maintain levels much higher than $3 million cap. This should move to at least a 10 forward PE (.04+), which is STILL relatively cheap compared to its peers.
The people that are selling are not paying attention to the dramatic fundamental shift that is taking place... and will regret it imo. Its simple math
“As you can see, CMG executed well during the three-month period ended June 30, 2019. Total revenues of $1.06MM were up 358% YoY from $232K in the prior year’s same period aided by strong execution and financial management. The Company generated a net profit of $481K up significantly from a loss of ($183K) in 2Q18. We remain debt free at the XA level leaving the business in a great position going forward. XA’s fundamentals are improving and the unit has a very clean capital structure, which are the best of both worlds.
https://www.otcmarkets.com/stock/CMGO/news/CMG-Holdings-Reports-Strong-Second-Quarter-Results-and-Provides-Update?id=237087
Revenues of $1MM+ up 358% YoY, Profitability Maintained
XA Sales Funnel Builds with Multiple Seven-Figure Contract Bids Progressing
Approved 100MM Share Repurchase and Began Returning Capital to Stockholders
Company Pursuing Legal Action Against Former Attorneys
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
_______________
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
____________
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
________________
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
____________
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
CMG Holdings Group's XA Unit Signs New Strategic Client Timberland
PR Newswire
CHICAGO, Oct. 10, 2019
CHICAGO, Oct. 10, 2019 /PRNewswire/ -- CMG Holdings Group's XA unit continues to burnish its reputation as the go-to agency for jobs done on short notice, done right. XA put together a dinner presentation for the CEO of Timberland. The Timberland event was proposed to Alexis Laken, President of XA, by a large advertising agency while she was overseeing XA's multi-city J Crew University Tour. With only two week's lead time, Alexis took the job on and delivered a flawless event. Timberland's CEO was so impressed with the result, he assured her Timberland would soon be working with XA again on something considerably bigger. This has become the guiding principle at XA; taking on difficult, hard to deliver work, in order to secure bigger jobs down the road. XA has spent the last few quarters seeding for future growth and has been successful capturing a number of new clients, including Timberland, J Crew, Madewell, EA Sports and others.
In further corporate news, CMG will enter into mediation on a malpractice lawsuit against former attorneys from Eaton and Van Winkle. CEO Glenn Laken said, "It always makes sense to sit down and discuss settlement to see if you can narrow the gap." Additionally, XA has had a few discussions with a potential acquisition in the experiential space and is waiting on additional financials.
In our last update, purchasing dormant shares at the transfer agency was discussed. We are working on that project and should have an update towards the end of the month. We will be back with further updates as events dictate.
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 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. 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. 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 Laken
CEO
CMG Holdings Group, Inc.
+1-(773)-770-3440
glennbrlaken@gmail.com
CMG Holdings Group's XA Unit Signs New Strategic Client Timberland
PR Newswire
CHICAGO, Oct. 10, 2019
CHICAGO, Oct. 10, 2019 /PRNewswire/ -- CMG Holdings Group's XA unit continues to burnish its reputation as the go-to agency for jobs done on short notice, done right. XA put together a dinner presentation for the CEO of Timberland. The Timberland event was proposed to Alexis Laken, President of XA, by a large advertising agency while she was overseeing XA's multi-city J Crew University Tour. With only two week's lead time, Alexis took the job on and delivered a flawless event. Timberland's CEO was so impressed with the result, he assured her Timberland would soon be working with XA again on something considerably bigger. This has become the guiding principle at XA; taking on difficult, hard to deliver work, in order to secure bigger jobs down the road. XA has spent the last few quarters seeding for future growth and has been successful capturing a number of new clients, including Timberland, J Crew, Madewell, EA Sports and others.
In further corporate news, CMG will enter into mediation on a malpractice lawsuit against former attorneys from Eaton and Van Winkle. CEO Glenn Laken said, "It always makes sense to sit down and discuss settlement to see if you can narrow the gap." Additionally, XA has had a few discussions with a potential acquisition in the experiential space and is waiting on additional financials.
In our last update, purchasing dormant shares at the transfer agency was discussed. We are working on that project and should have an update towards the end of the month. We will be back with further updates as events dictate.
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 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. 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. 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 Laken
CEO
CMG Holdings Group, Inc.
+1-(773)-770-3440
glennbrlaken@gmail.com
CMG Holdings Group's XA Unit Signs New Strategic Client Timberland
PR Newswire
CHICAGO, Oct. 10, 2019
CHICAGO, Oct. 10, 2019 /PRNewswire/ -- CMG Holdings Group's XA unit continues to burnish its reputation as the go-to agency for jobs done on short notice, done right. XA put together a dinner presentation for the CEO of Timberland. The Timberland event was proposed to Alexis Laken, President of XA, by a large advertising agency while she was overseeing XA's multi-city J Crew University Tour. With only two week's lead time, Alexis took the job on and delivered a flawless event. Timberland's CEO was so impressed with the result, he assured her Timberland would soon be working with XA again on something considerably bigger. This has become the guiding principle at XA; taking on difficult, hard to deliver work, in order to secure bigger jobs down the road. XA has spent the last few quarters seeding for future growth and has been successful capturing a number of new clients, including Timberland, J Crew, Madewell, EA Sports and others.
In further corporate news, CMG will enter into mediation on a malpractice lawsuit against former attorneys from Eaton and Van Winkle. CEO Glenn Laken said, "It always makes sense to sit down and discuss settlement to see if you can narrow the gap." Additionally, XA has had a few discussions with a potential acquisition in the experiential space and is waiting on additional financials.
In our last update, purchasing dormant shares at the transfer agency was discussed. We are working on that project and should have an update towards the end of the month. We will be back with further updates as events dictate.
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 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. 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. 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 Laken
CEO
CMG Holdings Group, Inc.
+1-(773)-770-3440
glennbrlaken@gmail.com
I see the late filing as nothing more than boilerplate comments. Every company puts words like that in there, no matter if they can finish the filing or not... you will rarely, if ever see them say that they’re not gonna be able to have the information ready by the end of the 15 days
Frankly, I don’t see how someone can expect all of this information to get submitted within the 15 day extension, esp since they haven’t been able to get it done for the past year. Timing rarely works out that perfectly... I expected it to get done eventually, just not sure this timing is logical.
If he was savvy he would have everybody excited over other forward initiatives right now, not focusing on this, but that is what you get when you have no market strategy... This high margin game launch within the largest retailers should be an overwhelming topic, but we need some leadership from the company
I was reading another company’s news this morning and they were discussing how Walmart controls 50%+ of the toy market now that Toys R Us is out of the picture. This is a huge aspect considering that we will be on those shelves heading into the holiday season... KTU is a perfect impulse product, within the perfect gift price range.
Charts are not useless. Tell that the biggest and most successful fund managers, who use them every day. lol
This stock has had many nice swings, which were predicted by the chart, BEFORE they happened. Just because the monster breakout has not occurred, which the chart has failed to tell us, does not mean the charts have not predicted multiple minor swing. I have called multiple short term bottom on this chart, using the chart, per my posts.
When volume is low, charts are less reliable, but regardless they still serve multiple purposes for the savvy trader... Charts are not supposed to give GUARANTEES, only probability/odds. They work better than GUESSING and getting stuck in a stock for many years.
If one does not see the value in charts and/or does not know what to look for, thats fine, but that means little to those of us that have been trading the markets successfully for DECADES, using charts. Without a chart i could never nail bottoms/reversals. A quote dont tell you anything about the price history and how it TRENDS
I prefer learning these things instead of complaining. Its a better use of time: https://school.stockcharts.com/doku.php?id=chart_school
That is entirely false. The margins are MUCH higher than the industry norm, as i have proven with MULTIPLE examples... if the cost of each unit was under $10 i would not be saying this, but at $25 there is no way the margins are not strong. This a PAPER and PLASTIC PRODUCT!... It dont take any business savvy to see that they are making bucko $$$ per unit, just compare to other games, which make a profit at 1/5 the cost...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151604234
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151604378
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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.
BUT BEFORE IT DOES,I AM HOPING PEOPLE WILL BE SELLING THEIR SHARES ON MY BIDS:))))KEEP UP THE GOOD WORK LIONS:))
Not explained is why such a great company went Bankrupt in the first place
Considered that the overall dilution has been like 20 million since 2017, its not bad... but like ive been harping on, It is of CRITICAL IMPORTANCE to get the price higher ASAP to reduce any future funding dilution, acquisition costs, compensation costs, etc... i knew some shares were coming, my market senses were warning me.
It makes zero sense to invest nothing in trying to attract and hold on to investors. i have laid out multiple ways to do this since 2017, which do not cost much (relative to the value) and does not involve stock promoters.
Roger did keep his promise and held the OS under 500 million for MUCH longer than he said he would, but i dont like diluting at these levels. Not with so much growth taking place... Its all because of Rogers poor market approach/strategy, which is close to non existent
If Morning never filed for BK, FUNN would have never purchased them for so cheap, right???... and now a possible $XX,XXX,XXX title is ready to hit the market, with multiple titles coming right behind it... and the margins are HUGE
I have a hard time seeing how this is so bad. Mornings cost, even with all the kickstarter fulfillment BS (which wont be part of the next title) is still only costing us low to mid $XXX,XXX and we have already sold $XXX,XXX of the game, before it is even created. lol
This is a win/win deal no matter how you slice it.
Some of the worst DD/predictions ive ever read
Thousands of board game startups give it a shot every year. FUNN has the magic knowledge to know which game will be that 0.01% miracle top hit? Give me a break.
Why would I have faith that Snakes is going to execute the KTU release campaign well enough to earn "millions" in revenue or, harder yet, in profit? Why would I have faith that KTU is going to be in the top 0.1% of board game sales worldwide?
The #1 issue with a sales is GETTING NOTICED... This is why crap titles can make many millions and great titles can sell very few.
.. and with Snakes able to push this game to thousands of people PER WEEK in their locations, along with already having connections with the largest retailers (which most publishers dont have), they have a very good chance to sell a lot of units, even if the game sucked, which it does not.
Other publishers have to rely on distributors who sell MANY other peoples products, which makes it hard to move copies without having some demand... but because Snakes is a well known distributor, they can put priority on their own titles and push them into retailers, where they will get spotted by impulse purchasers thanks to the packaging/theme.
Snakes can also offer promotions to move copies once they are in the retailers, because the margins are so strong.
THESE are the most important aspects (synergistic) and why people are flat out stupid for selling this low... This game has more of a chance to succeed to some degree, than not.
Here is Uno in a nice Tin container and it is still less than half of our game: https://www.amazon.com/Mattel-Games-Official-Amazon-Exclusive/dp/B07P6MZPK3/ref=sr_1_1_sspa?keywords=uno&qid=1570631748&s=toys-and-games&sr=1-1-spons&psc=1&spLa=ZW5jcnlwdGVkUXVhbGlmaWVyPUEzMEtIVEU2UFk3M1pTJmVuY3J5cHRlZElkPUEwNjkzMzQ4MzRRUThBNlJJMk9NRiZlbmNyeXB0ZWRBZElkPUEwNTIzNTI4MlpVREdIUzJSUUNNRSZ3aWRnZXROYW1lPXNwX2F0ZiZhY3Rpb249Y2xpY2tSZWRpcmVjdCZkb05vdExvZ0NsaWNrPXRydWU=
just look at the prices of these titles. Tell me that we dont make a nice profit at $25, while cutting out the middleman. lol: https://www.amazon.com/s?k=board+games&i=toys-and-games&ref=nb_sb_noss_2
Using SUBSTANCE is sure helpful! I highly recommend it
Uno sells for $5.99 (or less) and its a card game. How much do you think it takes to produce, while also having to pay multiple people in the supply chain? This is about 1/5 the price of KTU
The box is likely the most expensive aspect of KTU, but i doubt it costs more than $3 per unit. I often see boxes this fancy on items that sell for under $10. Its the printing that pushes the price up and one day, if the game becomes very popular, they could have a simple version that sells for less, without the nice box, etc...
https://www.target.com/p/uno-card-game/-/A-17070411?ref=tgt_adv_XS000000&AFID=google_pla_df&fndsrc=tgtao&CPNG=PLA_Toys%2BShopping_Local&adgroup=SC_Toys&LID=700000001170770pgs&network=g&device=c&location=&ds_rl=1246978&ds_rl=1248099&ds_rl=1246978&gclid=EAIaIQobChMIr-Pk47GP5QIVycDACh2K1wOQEAYYASABEgJ55vD_BwE&gclsrc=aw.ds
100% false and simple math proves it... Mornings BK, which was BEFORE FUNN owned them, has nothing to do with margins. lol...
Too funny... How much do you think it takes to make this $25 game? They can make a deck of poker cards for like .25. Then add a colorful box, a plastic insert, playing mat, etc = cheap to produce in China
Products usually have multiple people taking a cut and Snakes will sell DIRECTLY online and in their locations = massive margin... and they cut out the middleman to places like Wally = very strong margin and better than the sectors average
The margins will be huge and will allow them to offer all kinds of promos to move units and STILL make a strong profit. There is no way FUNN pays more for production than their competitors. LOL... lets use some common sense. There is a STANDARD price range to produce these things
First order will be there soon: https://www.walmart.com/ip/Kill-the-Unicorns-An-Enchanted-Card-Game-For-Evil-Geniuses-Exclusively-Sold-on-Walmart-com/548174258
Then we have another title coming right after: https://www.walmart.com/ip/Red-Panda-Card-Game-Exclusively-Sold-on-Walmart-com/979543007
BOTH will have high margins, based on SIMPE MATH and COMMON SENSE
With the first high margin self published title about to hit the shelves of the largest retailer, i sure hope Roger has a comprehensive plan to take advantage of this exciting period. I would sure suck to waste this opportunity...
... and no, i am not suggesting hiring stock promoters. There are plenty of other creative/effective ways to help build/amplify the company/brand interest, as i have provided detailed examples for... and its not expensive, we just need EFFORT
... and if he cant figure it out, its time to hire someone that does. A CEO does not need to know how to do everything, but they are required to find the people that do.
How much lower can this drop with Glenn able to buyback large chunks of stock with their growing FREE cash position? The cap is $3 million here and there is no dilution.
This is valued at just above the amount of their lawsuit win and that $$$ keeps flowing in and piling up... i dont see much downside with the CEO able to protect the price to this degree. Most pennies at these levels are starved for cash, while CMGO is sitting on more than they need.
This stock is undervalued and its likely because of the CEOs past constantly being harped on... but i dont see him treating the stock like its a scam, at all. IMO he is out to prove the naysayers wrong and this is good for longs, cause he has some heavy artillery
The MOST important and powerful artillery for a small company = FREE CASH ... Its the one thing most pennies lack.
Cash is king
Then what is so attractive about this company? Why all the interest? There are 10,000+ penny stocks
I was nice to this guy for several months, emailing him back-and-forth, and all he did was tell me what I wanted to hear, then not follow through with it.
I have no respect for someone that can destroy this many peoples investment, then show no urgency to correct the problem when it’s pointed out with such obviousness. He should’ve noticed these issues a year+ ago.
If we didn’t start pointing this out he would’ve just ran this company into the ground, scratching his head on how it all fell apart... and he might still do this, even after comprehending the issues. I have yet to see any change, even after he told me multiple times I can expect changes
One toxic dilution deal and we’re subpennies and no doubt this is the only type of deal he’s going to be able to get now. Hopefully they run a tight ship and don’t need to raise any $$... This is our only chance to speak up and try to influence change, otherwise a single person is going to destroy millions of dollars in peoples wealth. All because he can’t figure out how to do simple things that every public company CEO should know on day one.
Time is not on our side, which is why we have to hold his feet to the fire... he already missed the crypto sector rally, even with us putting pressure on him... and now September has come and gone, even though he told me he would hire an IR in August.
All time lows + zero interest = nothing nice to say about this guy
Then why is he not treating this company like a POS? Why is he not mass diluting and instead using company cash to buy back shares?
This company is acting the exact opposite of a typical POS penny stock.
There are billions of people that I’ve done things in their past that they regret, then have gone on to live an honorable life... and I don’t see him doing anything that would suggest he’s trying to screw us.
How many brick and mortar stores does Walmart have?: 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