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CMGO another buyback 8K out. OS is shrinking while NET profits/free cash are rising fast
There’s not much debt for a company doing millions. Most of it is deferred compensation (700k), leaving like 400k in debt owed to other parties.... and their cash position is increasing now, allowing them to pay this back.
These debts have been decreasing. Liabilities were about $650k higher last year during the same/most recent quarter
I’m sure Glenn wont take his pay until the company is in a position where its less damaging... and he might take it in equity, or a combination.
I’m s
That BS is partially why we are able to buy the stock at a discount imo. It keeps coming up, but it’s all worthless... so it’s good if all DD replies are saved and reposted when it comes up.
But over time people will regret selling because of that stuff and giving their shares away at a supreme discount to what’s really taking place. Each day this company is growing stronger, in every regard.
One day the true value is going to be represented and it could happen over a few days. Boom, multi pennies
From what i understand a company has to be "Dark and Defunct" for a looong period of time and FUNN has filings put out last year, so there is no fear of that. Proof: https://www.otcmarkets.com/stock/FUNN/disclosure
... and i know many tickers that have gone MUCH longer than 2 years and they still trade on the Pinks. Heres proof, this one is "Dark and Defunct" and has not filed since 2015: https://www.otcmarkets.com/stock/TINO/disclosure
I also think the company has a chance to prove they are working on the filings before the get revoked and AMFE can easily prove it via their auditors.
This topic does not apply here.
What is attractive about this company? There are plenty of other stocks, why does CMGO get so much INTEREST?
The news went THUD.
This is a CONTRACT business. When they sign a client its for a particular project, period of time, etc... Clients can come and go as they try different advertisers, to see what they can do for them. Its common
These are new contracts. Glenn could have worded it better and maybe he did not realize the specifics of past business, or just saw it as new biz cause they were not included in the previous quarters $1+ million revenue, etc... but regardless, its more $$ pouring in that they did not have before these contracts were signed, right?
More $$$/growth = good... unless im mistaken?
... and no one can say he is lying about these deals, cause these big companies would be all over his ass for using their names in PUBLIC PRs. Any insinuation of this would be pure BS.
The HEART of the topic is that this is GOOD FOR THE COMPANY/INVESTORS, no matter how you slice it.
Most of the deals they are landing are with big name clients and small companies dont spend millions to market, right? At least not in one deal... I dont care if they are old or new clients. Why would any SAVVY investors care about that? Money is money and if they are RETURNING it means they do a good job = another strong indication
It seems pretty easy to see where the truth really leads... but just to add some more substance to this topic, on top of what i have already provided, we can review the most recent PR...
CMG Provides Corporate Update
Press Release | 09/13/2019
CHICAGO, Sept. 13, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- CMG Holdings Group, Inc. (CMGO-OTC) -- We would like to take this opportunity to report that our wholly owned subsidiary - XA The Experiential Agency - has signed two new deals. With these two new contracts inked, the pace of bringing on new players to our corporate roster accelerates and with these new corporate alliances, we will be able to capture more business in the clothing and cosmetic sector.
These contracts came to XA because of its growing reputation for the ability to turn an idea into an installation in a matter of weeks instead of months. The ability to create complex, multi-city events in a matter of weeks helped secure both of these new client relationships. These new clients are:
Madewell, online and retail clothing stores for men and women https://www.madewell.com/
Beauty Counter, a direct retail skincare and cosmetics brand https://www.beautycounter.com/
With our current book of business and expanding client list, including these two new signings, XA is beginning to regain the recognition that if you want it done right and done on time, we are the company of choice. A signing previously mentioned, J. Crew, starts their University tour on Saturday in N.Y.C. in lower Manhattan. The crew is ready, and it should be a memorable 10 school event (https://www.jcrew.com).
CEO Glenn Laken went on to add: "I am very excited about our future and the growth of the company. We are expanding our revenues and seeking to expand our footprint in the marketplace. CMG is funding the business the right way with no toxic convertible debt or gimmick financing. The authorized shares have not been altered in more than a half decade. In addition, there has never been a reverse split. I am proud of the effort and hard work we have made growing our business and bringing the company up to date with its filings. We are now current and in good standing with OTC markets (https://www.otcmarkets.com/). With all of our recent achievements our market cap is extremely undervalued. This will change.”
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.
This is the first in a series of updates and press releases. We have exciting news about projects we have been working on, to be announced shortly.
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.
(773) 770-3440
glennbrlaken@gmail.com
Yep, most of the $1 million revenue last quarter was from the underlying biz, not the lawsuit. The lawsuit did not even equated to 25% of the revs, because it is paid out over 30 months....
This tells us that these lawsuits are just icing on the cake, not the core of the improving numbers = very bullish
... and even bigger contracts are being negotiated right now, with credible/well known entities.
CMG HOLDINGS GROUP, INC. ANNOUNCES IT HAS SETTLED ITS LITAGATION AGAINST JOSEPH WAGNER AND HUDSON GRAY.
https://www.otcmarkets.com/stock/CMGO/news/CMG-HOLDINGS-GROUP-INC-ANNOUNCES-IT-HAS-SETTLED-ITS-LITAGATION-AGAINST-JOSEPH-WAGNER-AND-HUDSON-GRAY?id=224175
Per last PR: This is the first in a series of updates and press releases. We have exciting news about projects we have been working on, to be announced shortly.
https://www.otcmarkets.com/stock/CMGO/news/CMG-Provides-Corporate-Update?id=240325
They have been working on multiple 7 figure contracts, with well known companies. This is the news im waiting for... and Glenn has come through on all these claims about news, lawsuits, etc.
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
I like the news, but its not earth shaking. Its just the initial filing. Lawsuits are filed every day
IMO the up coming news will be more powerful, near term.
why can't the stock actually increase in value and hold its gains? Ever?
Not much selling either + solid Bid support... long term we have been doing great, which is the MOST TELLING ASPECT
This stock has been a S&P500 beating investment over the past year, using the LOWS, which keep plotting higher and higher... with mininal downside now that the company has lots of $$$ and is protecting us with a 100 million buyback.
Regardless, all these initiatives are equating to an extremely undervalued investing opportunity. The math is not difficult. There’s not a way the DD can be dissected and led to a conclusion that this stock is overvalued. Not in any way, shape or form... and as an investor this is what matters to me most. I dont care about the insignificant BS that was claimed/speculated in years past. I was busy making money on other stocks during those years. It matters nothing to the current period in time. The company has never been this healthy, ever
This stock has been plotting long term higher lows and higher highs and I can’t find one logical reason on why this won’t continue to be the case... If one is looking for perfection from a penny stock they will never find it, but with every number headed in the right direction, this company is better than most of It’s peers. Low downside risk and high upside potential
Terrible DD. That is not the way it works. There is no SET PERCENTAGE to determine a settlement. Its negotiation and Glenn would not be fighting this for small amounts. Lets use some COMMON SENSE... Its quite common to sue for a SCARY number then drop it significantly. It happens all the time. There are multiple STRATEGIES for this, which they cannot say publicly... This payout could be bigger than the last one, no one knows at this stage. Anyone that claims to know is full of crap.
But the KEY is that this stock would be undervalued without ANY of these lawsuits. This recent lawsuit is all EXTRA cash, which does not require any more overhead to collect = profit/free cash flow... and with a $3.5 million cap, it makes this ticker a screaming buy, hence the buybacks!
AND Glenn and his legal team have PROVEN that they can win against these clowns. I think its a slam dunk and they know it... but again its all EXTRA, not the CORE of the investment here.
Glenn just wasting time and money again, just like always.
You think lawsuits are cookie-cutter and they all turn out the same, regardless of the substance? This could settle and be worth more than the previous lawsuit. No one knows at this stage. Glenn and his legal team think they have a very good case... but even if its just a million or so, big deal. Its all EXTRA $$$ piling up, that they dont even need to sustain the company, because the underlying biz is already NET profitable. Im not gonna nitpick what Glenn thinks is right for the company. We dont have all the details, but we do know that ITS ALL POSITIVE and makes this stock more and more undervalued. $3.5 milion cap with ZERO dilution is NOTHING
I think he has a very good case and the cash is about to pile up even higher for this undervalued stock. The flippers that are sucking the wind out of these rallies are gonna get left in the dust soon imo.
Multi pennies coming in the weeks/months ahead. Its simple math... Every number is headed in the right direction. Every single one!
CMG Provides Corporate Update
Press Release | 09/13/2019
CHICAGO, Sept. 13, 2019 (GLOBE NEWSWIRE) -- via NetworkWire -- CMG Holdings Group, Inc. (CMGO-OTC) -- We would like to take this opportunity to report that our wholly owned subsidiary - XA The Experiential Agency - has signed two new deals. With these two new contracts inked, the pace of bringing on new players to our corporate roster accelerates and with these new corporate alliances, we will be able to capture more business in the clothing and cosmetic sector.
These contracts came to XA because of its growing reputation for the ability to turn an idea into an installation in a matter of weeks instead of months. The ability to create complex, multi-city events in a matter of weeks helped secure both of these new client relationships. These new clients are:
Madewell, online and retail clothing stores for men and women https://www.madewell.com/
Beauty Counter, a direct retail skincare and cosmetics brand https://www.beautycounter.com/
With our current book of business and expanding client list, including these two new signings, XA is beginning to regain the recognition that if you want it done right and done on time, we are the company of choice. A signing previously mentioned, J. Crew, starts their University tour on Saturday in N.Y.C. in lower Manhattan. The crew is ready, and it should be a memorable 10 school event (https://www.jcrew.com).
CEO Glenn Laken went on to add: "I am very excited about our future and the growth of the company. We are expanding our revenues and seeking to expand our footprint in the marketplace. CMG is funding the business the right way with no toxic convertible debt or gimmick financing. The authorized shares have not been altered in more than a half decade. In addition, there has never been a reverse split. I am proud of the effort and hard work we have made growing our business and bringing the company up to date with its filings. We are now current and in good standing with OTC markets (https://www.otcmarkets.com/). With all of our recent achievements our market cap is extremely undervalued. This will change.”
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.
This is the first in a series of updates and press releases. We have exciting news about projects we have been working on, to be announced shortly.
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.
(773) 770-3440
glennbrlaken@gmail.com
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'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
(repost) 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 are increasing.
I dont see how this wont move higher than this valuation level. Even do-nothing crap tickers can maintain levels much higher than $3.5 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
CMGO is undervalued without this lawsuit: Reposts...
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
Poor presentation is holding us back... If people wont buy because of the audit why is there ANY volume?
There would be zero volume and we would not see any movement, but we recently climbed to .09, right? HOW DID THAT HAPPEN???... Every trade that passes the tape proves your assumption wrong. People that do DD are buying, just not enough of them and at a rate that wakes the stock up and sustains gains..
The problem is the presentation of the DD. I dont see how anyone can say otherwise. Does this inspire you?: http://www.amfiltech.com/snakes-lattes.html
If more people see the DD that ALREADY exists, there would be more buying, no doubt. Any other assumption is proven wrong daily. We cant be the only people that see the potential here, we are just the only ones that know it exists. There are MILLIONS of people that would see the value here, even with a stop sign, if the DD was presented better.
Roger did nothing to help the stock during the recent move to .09 and guess what happened (see chart)?
You think the company isn't putting in effort in growing this business and executing their biz plan?
Even when he purchased Snakes, he presented the acquisition so poorly to the market the stock did not do much for many months.
If he knew how to present Snakes better, it would have EXPLODED on the day he aquired them during the late Summer of 2016, esp since the value of the stock was only about $500,000!!!... but it just moderaly increased until the big run in Spring of 2017.
This is another example that proves how bad he is at presenting info to the masses. AMFE was valued like a shell for YEARS and even after gaining control of Snakes
How can we not benefit from EXPERIENCE handling the corporate message? Only a fool could look at this DD and think it is presented as good as our peers.
When the problem is THIS OBIVOUS, a savvy CEO has to act to get it fixed. Roger has wasted YEARS and we cannot allow him to continue draggin his feet on this. Not without a fight
If he has to mass dilute us at the 52 week lows, i dont think anyone will like where its headed... id much rather see fund raising done at a higher base, but im crazy for thinking this way, right? Time is money
Love the concept, but management could use some significant improvements. Roger wont learn this stuff on his own, cause he is not in a position to while having so many other things on his plate. He needs a market strategist to help improve the stock price, thus improving their ability to expand faster.
I dont see how anyone could think this price cant be improved by getting more people to see the HIDDEN DD, which is the best info... Even if ALL the longs saw ALL the DD, it would boost moral, no doubt: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151361286
Ive been invested here almost 3 years and other than a single big run 2.5 years ago, its been all downhill, even as the DD has grown better and better... and even before the stop sign!
This ticker sat dead for half a decade before Roger stumbled onto Snakes... If it wasn't for that SINGLE big run in 2017, this stock would have been dead for about a decade under Roger, CAUSE HE HAS NO CLUE HOW TO HELP HIS STOCK!
I think we did more to help this stock run in 2017 than Roger. Several people on this board learned about it from me and others. Networking moved this more than Roger imo, cause i remember early 2017 when i was ALSO BITCHING ABOUT NOT HAVING AN IR and the stock did not do anything after several Gro3 PRs and disto contracts. That was when Roger told us he would get an IR, but never did! 2.5 years ago and the presentation for this company is STILL complete crap. No improvements and some think it will just magically get better on it own?!
We need EFFORT, not words
You can see why we DONT have an IR... Its obvious that a few people are whispering in Rogers ear, telling him not to do it. Misleading him into thinking it is somehow a negative to put effort into increasing exposure and because he lacks market savvy, he believes it
Great advice! Thank you for 52 week lows
What?! The name of the company is Amfil and there is already a Snakes site... but NOTHING exists that showcases the amazing Snakes articles, videos, reviews, pictures, etc and THIS IS THE MOST POWERFUL DD!
This is beyond stupid at this point. Having this stuff on the website would have been done ASAP if we had a CEO with basic market sense.
How the heck could anyone think any different? Amazing
Who is suggesting hiring a pumper? I just want simple things done right. You don’t think the biggest companies in the world dont present themselves to the market?
Some of them advertise their stock symbol in TV commercials. I see it all the time on CNBC.
There are 10,000 penny tickers and if you’re not fighting to get noticed, you likely won’t be
Every time I bring this up you guys claim I want to pump the stock, but why can’t we have simple things done right, like the website????????? You don’t think this can be done better: http://www.amfiltech.com/snakes-lattes.html
You really think this is acceptable for company at THIS stage? Anyone was with some basic business sense should be able to see the flaws. After this many years there’s no acceptable excuse anymore
Every single time we have this debate i explain to you that not once have I mentioned hiring a “promoter”... It’s important to understand the difference
A market strategies/IR is not a short term paid-for pumper. Promoters are hired just for a couple days, not long term.
Promoters send out spam newsletters, IRs do not... OTCmarkets has a complete section on helping companies find investor relations professionals, but they warn companies against hiring promoters. Why do you think that is????... This is simple stuff to understand for anybody that basic market knowledge and I have been explicitly clear
You don’t think the biggest companies in the world have investor relations? Such bullshit
If you defend poor execution, you get more of the same.
If he runs into a money situation and the stock is at a multi year lows, it could bury us. Like so many other penny stocks.
No doubt Roger has upset the people he’s used to tap for money in the past, so those wells are likely dry. Future funding might not come with such great terms, which is why we have to get the stock headed in the right direction, allowing the future terms to improve.
If he has to raise money with the company in this situation, it’s not gonna be pretty... but if the stock is screaming towards the all-time high, people will throw money at him like they did in 2017 = zero discounts off the market rate
When you need to raise money, the way the company is viewed by the markets is everything, in regard to the terms... Theres is no one logical reason why this company should not be presented better to the market, ASAP.
If he announced his intention to hire a market strategist and be aggressive at getting the story out, I bet that would be the most explosive PR we’ve had since 2017... because even the fence sitters/bears know what this story can do If more people knew it existed. They would start piling in imo. Right now these people feel no urgency to buy, because they know time is on their side.
Time to shake things up
Even if you’re right and better market representation/strategy didn’t help the price significantly, it would surely reduce the amount of people dumping at the multi year lows...
... but imo you are entirely wrong. The whole stop sign scenario can be explained to new investors. He can explain how they grew so much and fast it created a nightmare with the books, which is understandable.... overall it’s the story which attracts investors, which is why stop sign stocks run every single day. Every single day!... To say that all those tickers can run and this amazing story can’t is completely illogical to me. If more people knew this story existed, more people would buy it, it’s that simple... if what you say is true we would have zero volume every day for the past couple years, but people still do buy it, right? Cant have a seller without a buyer
If this amount of people are willing to buy with the company doing nothing to get noticed, no doubt more people would buy if the company was doing more to get noticed. Its common sense/simple math
When you go to the corporate website it makes this company look like a POS. Improving these things would no doubt help the stock because the best DD is not being found by new investors... but it could be, easily!
Whatever the stock is doing now it could be exponentially better with proper strategy, because Roger has zero strategy. He’s never done this for another company. He Needs someone that’s done it dozens of times, successfully. From top to bottom his presentation to the market is complete crap... I’ve been told to “wait” since 2017 and all the stock has done is drop since the initial run
A savvy strategist can also help him explain the negatives better. In a way that doesn’t back him into a corner and open the door for future attacks if things don’t go perfectly, which Roger is terribly at
I’ve also laid out ideas on how he can improve the mood of all the current holders using a once per week email, etc. to properly disseminate all this amazing info we find on Google. No doubt this would help stabilize and improve morale, because most of the people holding the stock don’t see most of the DD, because they can’t stand reading this board anymore... The only DD they’re getting is a PR every other month, which is not enough to maintain their interest/morale
He could also do a video series directed at investors, showcasing the warehouses, locations, employees, customer opinions, new games, etc, etc, etc. There is so much he can do video on and direct future investors to them by putting links in the PR’s, on the website, social media, etc. They have a whole video team but never done anything directed at investors... This would be a significant improvement, because seeing is believing. If anybody has doubt about the company because they have a stop sign, you could counter it with eye-popping videos!
I’m just amazed that people think this is all acceptable after two years of nothing.... I’m tired of hearing people say “wait for this to happen, wait for that to happen”... There is no perfect time in the future to properly brand the company. The perfect time was yesterday!!! Too much time has already been wasted... Its like the company has been put on hold for two years, even though they are advancing, but it doesn’t feel like it
But the main thing is all the people that are having family troubles, because of Rogers inability to represent this company properly. This is going to be a very sad Holiday season for some if Roger doesn’t get the stock headed in the right direction ASAP. Their families might start forcing them to sell, but if given some fresh/exciting DD that they can show their spouse, maybe hearts and minds can be altered.
Doing nothing is no longer an option. We should’ve never procrastinated this long
He also needs to stop overcrowding PRs with info... Seriously, some of these PRs have several topics that contain meat and can be expanded upon in individual PRs.
Instead of 1 PR every other month, why not release them more often, containing some MEAT + some rehashing of older DD and minor updates(fluff). There are also many articles, videos, etc that he can include links to in each PR, below the meaty content or whatever... Again, this all comes back to strategy.
We need to stay in the news wires, without it being fluffy. PRs can be short. 1 or 2 paragraphs. They dont have to be so long.
this is common with big and small stocks. I see lots of short topic PRs, but they put them out often, staying in the minds of investors... even the occasional fluff PR is OK when you have nothing else to announce, as long as you have mostly meaty PRs.
Seriously, i dont think Roger has followed many other stocks, which is why he lacks a clear understanding of the different tactics he can use... If you want to build a large following and have a stable/rising stock price, you have to get in front of NEW people, OFTEN. There are 10,000 other penny tickers competing for the interest, BUT most of them dont have a story/potential as sexy as Snakes. We need to scream this from the rooftops.
EVERY holder needs to be convinced that selling at these levels is just flat out stupid, cause imo it is... but this can only be done by the company and how they present the info = strategy
We need to feel like this is the ground floor of a sales wave that is capable of bringing in multiple pennies per share profit. Cause it really does have that potential! $5 millon profit is .01 EPS, which gives us a 6 PE right now. And its capable of $XX,XXX,XXX profit via worldwide sales... ONE game, not including Snakes locations, etc
... but the masses wont MAKE SENSE of this potential if the strategy/story telling is half-assed.
The corp website is crap. Snakes is the best sub and has the worst presentation. Roger should be embarrassed about it. This 100% supports my claims about his lack of market savvy/strategy. This makes us look like a penny scam, not an amazing concept with Billion+ dollar potential: http://www.amfiltech.com/snakes-lattes.html
That link right there sums up Rogers market savvy. Seriously, it dont get more black and white than that! Snakes has AMAZING DD and unless someone is good with Google they wont even know it exists... Sure the Snakes site is purty, but that does not tell the STORY to INVESTORS.
... but sure hes doing a perfect job. Rocket is full of it cause he just wants "promoters" blah blah blah...
I just want SIMPLE things done RIGHT. Any sensible person should be able to make sense of my posts tonight. Sure, ive been harsh on Roger, but he deserves it at this point. No more excuses with this game about to launch. He needs to hire a pro that can show him tactics he never knew existed, cause hes never done it before.
For those that think im attacking the stock....
Comprehension is important... I am not attacking the stock, im attacking the STRATEGY and the person that is doing nothing to improve it. I love the potential here, i hate to strategy. Ive had enough!
I dont see how anyone can be satisfied with .05's, with the biggest and potentially fastest growing/most profitable initiative in company history coming... NONE OF IT IS BEING REFLECTED IN THE SHARE PRICE = 100% Rogers fault
Does anyone want to be rolling through tax selling season like this? Dont underestimate how much this could drop. Many of us never thought we would see these levels and it could get much much worse before it gets better. There are a lot of pissed off holders sitting with big board gains that they can use the write off on.
We need to HAVE A PLAN on how to leverage this game launch, new locations, holiday sales, etc into more interest for FUNN... Only a fool would want to go through the next few months the way we have been treading through the past 2 years. We have had other BIG events, like Midtown, etc and Roger had a piss poor strategy for those events as well.. and look at the results!
Even if this game is a flop, we need to see higher prices on the hype, cause it helps the health of the overall company and their ability to finance other initiatives. We have to avoid running into a situation where Roger all of a sudden needs to raise money, at the bottom of the chart. We need to establish a higher base and this game launch is the perfect topic to help us get there, IF THEY HAVE A STRATEGY
Roger has skills, but not when it comes to the market, IR, etc... Its amazing that some of the best looking companies i am in have the worst IR strategy! Blows my mind that they take this important aspect for granted!... but pair a good CEO with a savvy market strategist and you get some of the biggest gains in market history.
A heavy gaining stock = lots of cash with minimal dilution = accelerated expansion with lots of happy people involved, at all levels.
Saving money on a strategist is costing everyone significant amounts more (see stock chart)... and TIME cannot be replaced!
Imagine if they started a weekly email list in 2017... He would have a MASSIVE list of names from all the people that have come and gone.
Many of the past investors might not hold the stock anymore, but that dont mean they would remove their name from the email list, just in case some good DD is sent out.... and i bet a lot of people that never invested and just saw the sign-up link in a past PR would still be reading along, seeing all the great independent videos, pictures of happy customers, reviews, articles, etc. This not only markets the stock, it markets the BRAND. win/win
A simple strategy like this would NO DOUBT have kept more interest for this stock than doing NOTHING. Thousands of people have come and gone over the years!.. and i bet MOST of them dont even think about this ticker anymore, at all, but they could be!
This is why procrastination and a lack of a proper strategy is this stocks biggest issue... and its sooo easy to fix!
I have lost hope for Roger figuring out how to do this SIMPLE stuff on his own, so we have to hope he hires someone with some type of market savvy before we see new multi year lows.
With this game launching and so much KTU info about to hit the internet, he should already have had this setup and ready to go. Everyday the company email list could be growing
He does not even Tweet PRs! WTH is with that?! I have asked him on Twitter to do so in the past so we can RETWEET them easily, etc, but he just doesn't do any of this stuff with any savvy, like pretty much every other small cap CEOs does... i dont see how anyone can think this is acceptable. MINIMAL effort gets MINIMAL results (see stock chart)
PS: This is the EXACTLY the type of tactic a savvy IR would have recommended to him. They do it all the time, with companies that have VERY LITTLE info to show off. Nothing like Snakes can produce: https://www.google.com/search?q=snakes+and+lattes&source=lnms&tbm=vid&sa=X&ved=0ahUKEwj8yuCj2-3kAhVF_J4KHddTCHAQ_AUIFSgE&biw=3072&bih=1644
Is there a long on this board that would not enjoy a weekly email from a company representative full of pictures, videos, articles, calendar of events at Snakes, company updates, etc?... but at aimed at INVESTORS, not Snakes customers = very important!
I would look forward to it. It would be so much nicer than reading through the repetitive "bullshit this, bullshit that" comments on this board.
Today was actually the first time i read more than a few post on this board in months and i dont even search Google that often anymore (use to do it every day for multiple saved seach topics), so i dont see all the DD.
If longs had a central figure to send all the little things they find, they could organize and redisseminate it. This would be so simple and low cost, but possibly impacting enough to keep the stock from sitting at 52 weeks lows!.. It only needs to be done once per week. Like on Monday AM, to get investor in the right mood.
People need INFO or they get frustrated/tired of holding and start to whack out. We dont have many/any institutional investors giving us Bid support, so we have to rely on the mercy of the markets, which can be dictated/improved with proper strategy... ESPECIALLY when you have all this amazing stuff on Snakes coming out all the time! Other pennies DREAM of having DD like this. They would retweet, email it, heck even release entire PRs if someone wrote an article about them, JUST TO KEEP THEIR NAME IN THE NEWS WIRES, where new investors can find them... but FUNN does NONE OF THIS. As in ZERO. Not even a little... We are lucky if we get 1 PR per month.
Is this an outlandish idea?! I have been bringing this up over and over and over since 2017... The MOST POWERFUL DD is the stuff that is not being used (see stock chart).
And he wasn't even savvy enough to include the Walmart link, which would have added MASSIVE amounts of credibility to that Tweet. This is why we are failing, ZERO STRATEGY/SAVVINESS: https://www.walmart.com/ip/Kill-the-Unicorns-An-Enchanted-Card-Game-For-Evil-Geniuses-Exclusively-Sold-on-Walmart-com/548174258
In pennyland its ALL about the proof/substance... CEOs make all kinds of wild claim, but when you add the Wally link its does EVERYTHING for that Tweet.
He could have also encouraged people to sign up for the waiting list, helping support Wally, which they would notice via their computers.
This is sooooo pathetic!!!... Adding that link would NEVER slipped my mind. It would have been the FOCAL POINT of my Tweet.
He sucks at this sooo much.
...are we going to sell at a 40% loss , don’t complain or just hold and hope it gets better????
Im not saying hire a "promoter", that is very different from an IR... Short term promoters are viewed as being negative and would raise red flags because we have a stop sign. OTCmarkers (non gov entity) does not like promoters and would flag us.
He needs an IR professional, which MOST companies have. All companies are expected to have a person in this position. Even OTCmarkets has resources to help companies find one, so they dont view it as a bad thing, as some on this board have falsely insinuated in the past.
Small companies CEOs often do IR themselves (to save $$$), but when you lack the skill, contacts and strategy + your AMAZING STORY is at a 52 low, its time to hire a person that has done it many times for other successful companies. Its common sense!!!!
A savvy strategist would jump at the chance to work with this amazing story. They would get the price moving higher easily imo, which would make them look good = win/win
Its the one ingredient that is missing and imo the MOST important one at THIS stage... Investors need to lay into Roger hard and not let off until he does what he SAID HE WOULD DO during Summer of 2017... and BTW we have done nothing but trend lower and lower since then.
Blows my mind. We need a PLAN/STRATEGY, even a weak one!... Roger has NONE
I would hype the DD and pictures so heavily on social media, everyone would want a franchise... or at least a strong desire to go to a Snakes, because It looks so busy/fun
People would be learning about Snakes every day, who don’t even live by a location.
I would be Including hashtags of other food chains, industry related topics, etc to help drive peoples interest that never even knew this concept existed. Even CEOs of other small food chains would be learning about Snakes and maybe taking an interest in how busy these places are, because I would include them as a hashtag... These are the exact people you want discovering this concept, because it’s their industry and they could become a future backer, investor, JV partner, who knows!
Every day there are stories coming out related to the restaurant, entertainment industry, gaming, etc. I would create specific hashtags that relate to these topics, at strategic times to do so... This can all be done under new Twitter, Facebook, etc handles created for this specific purpose, just like so many other successful companies are doing
Roger has proven to be a terrible pitchman/strategist for this company... but the worst aspect is that he doesn’t know it and too stubborn to hire the experience which this story sorely lacks.
The people on the sidelines feel no urgency to jump in this, but this can be changed so easily. Solid effort + a little bit of upward momo will get people piling in this fast, regardless of the filing status... cause no one wants to miss the bottom when this finally starts to go...
...but as long as they know Roger is incapable of helping the stock himself, they know time is on their side and possibly lower prices.
He needs to take this situation personally and start aggressively improving it
No doubt if ALL the shareholders were seeing ALL the DD, the stock would be performing better.
Its one thing when you read a company PR (biased), it’s another when you see unassociated people raving about the concept. Everybody from customers to the well known people within the industry love Snakes... and its even better when you can see pictures, there’s nothing like a visual.
The more people that can see this DD, the better the stock will perform... but If they never see it, you’re just pissing away opportunities.
How long will Roger remain a freakin dumb ass?!... He could probably hire the worst IR and the stock would perform better, because Rogers does NOTHING
Investors should be blowing him up on Twitter, emails, phone, etc, demanding better/proper representation of this company, before this stock drops another 50%... This is totally unacceptable for a public company at THIS stage