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Again, this is a pink stock. It’s rare to see individual loans broken down, unless they are convertible.
CMGO is a pink sheet company. They are not required to disclose, which is why MOST do not. Only certain types of debt/terms require full disclosure.
There are plenty of Nasdaq, NYSE, etc stocks that one can buy if they are bothered by the pink sheet reporting standards.
We all know what Scout meant. Insiders lent the company money, personally... which is much better than doing deals with shady floorless convertible financiers who could care less about the company.
Being proactive/positive is more beneficial to helping people learn about the stock than burying the DD with worthless info/claims... and people need to learn about CMGO if they are to buy, which improves the price
Most companies have debt, it’s normal during the course of business, but if it’s not excessive and/or a “floorless” convertible, then it’s not destructive.
Their cash position is growing each quarter now, which allows them to pay off debt, buyback shares, expand the biz, etc. Its all healthy/normal. We dont need exaggerations
someone is whacking out of spite imo. lol... and i bet we get news early next week.
If charts suck AND doing DD sucks, what is the basis for buying a stock? lol... Be careful where you get advice my friends
LOL... its pretty CHEAP to claim a stock is so much off its high, esp when one ignores how many HUNDREDS of percent it is up this year.
ALL stocks have highs and lows, good times to buy and bad. This is a low imo. A HIGHER low
... and if my charts dont work, why have been making so much $$$? lol... Chart sure beat GUESSING, without even doing any DD. lmao
LOL... there was news 5 days ago and it takes time to get approvals, etc from big name customers... He is running a business, not a pump and dump.
If it is so bad, why buy .007's and .006?!?!? lol.... The BS is so thick
ZERO evidence provided to support that BS, even after i challenged it.
Weak claims. I prefer facts... Ive been here for months, making money. I actually know what is going on with this stock, not just guessing. lol
Again, what DD suggests there wont be news for 2 months??? I rely on facts, not made up bullshit...
Only 5 days since the last PR and he says more news is coming. Any other claim is garbage. This is a fact... Next PR could drop on Monday...
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/story?e&id=1434181
THE MF HAD NOTHING.HOW LONG HAS IT BEEN SINCE THAT NEWS?????
But the price was .001's earlier this year? Buyers have pushed it hundreds of percent in 2019, beating the majority of big board stocks...
BS claim...
THE BUYERS DO NOT BELIEVE THE COMPANY.IF THEY BELIEVED WE WOULD NOT BE AT .007.
THERE WILL BE NO NEWS FOR ANOTHER MONTH OR TWO.
Hundreds of percent in gains this year is nothing? Do you realise how much people average in big board stocks??? CMGO has been outperforming most of them.
Perspective is important. ALL stock have highs and lows, good times to buy and bad, but its the long term trend that matters to serious investors.
Here’s BTC chart... This could be a very big weekend for the sector. During the big crypto move months ago the price did really well over the weekends. I think XALL could run a few hundred percent if BTC does what I hope
FYI i bought XALL in the .003s before the last sector breakout. timing timing timing: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=151249591
This POS only positive is that the sector is about to breakout again and will bring more interest back into this ticker.
This CEO is an idiot, but that don’t matter when even bigger idiots are rushing into the sector, throwing money at anything. See the chart during the last crypto breakout
BTC Is close to breaking its downtrend line, which has been a significant resistance for months.
Share structure DD: Why would most of the OS sell here if they paid .35? This OS is locked up at these levels....47,748,175 of the 56,471,844 OS paid .35 and much of the remaining shares are held by insiders who are limited on how much/fast they could sell, because they are affiliated. Share structure: https://www.otcmarkets.com/stock/CRBTF/security
On March 7, 2018, the Company completed a reverse acquisition transaction (the “RTO”), which was effected pursuant to an agreement and plan of merger dated January 9, 2018 between Westbay Venture Inc. and ChargaCard Inc.(“ChargaCard”), a private corporation incorporated under the laws of Delaware with its head office in Boulder, Colorado.
As part of the transaction, the Company voluntarily delisted from the TSX-V, effective February 28, 2018, changed its name to Cryptanite Blockchain Technologies Corp. and commenced trading its shares on Canadian Securities Exchange (“CSE”) on March 12, 2018, under the symbol NITE.
Pursuant to the RTO, the Company issued an aggregate of 39,558,733 common shares of the Company at a deemed price of $0.45 per share in exchange for all of the issued and outstanding shares of Chargacard and 2,000,000 share purchase warrants (“Merger Warrants”) to warrant holders of ChargaCard. On closing the RTO, ChargaCard became a wholly-owned subsidiary of the Company. The shareholders of ChargaCard owned approximately 70% of the common shares of the Company and, as a result, the transaction is considered a reverse acquisition of the Company by ChargaCard. The Company changed its year end from May 31st to December 31st in order to align the fiscal year periods of ChargaCard.
______________________
Completed a non-brokered private placement of 8,189,442 common shares at a price of $0.35 (CAD
$0.45) per share for total gross proceeds of $2,858,279 (CAD $3,685,249). The Company paid finders’
fees totaling $65,131 and issued an aggregate of 184,299 warrants, each of which is exercisable to
acquire one common share of the Company at a price of CAD $0.45 per share over a period of one
year from date of issue. The Company recognized a fair value of $27,724 on the finder’s warrants.
They wont be selling at these levels imo. Their average is too high... All i see is across the board incentives for them to get the price higher and with BTC breaking out i think they will be able to.
Pretty simple to understand what consolidation is, when one takes the time to learn this basic stuff.
ALL stock have consolidation. short term (intraday) and long term term... Each time CMGO consolidates it plots a higher low.
"pro" traders understand these basics, or they should...
https://www.investopedia.com/terms/c/consolidation.asp
Basics of Consolidation
Periods of consolidation can be found in price charts for any time interval, and these periods can last for days or months. Technical traders look for support and resistance levels in price charts, and traders use those levels to make buy and sell decisions.
I like to buy stocks just so i have something to hate. Life sucks! lol
It is my chart and i am keeping things SIMPLE on purpose, so even noobs can make sense of the MOST IMPORTANT DATA. I dont like charts with 100 lines drawn in every direction. I like to focus on the core of TA, like a major trend line, pattern (cup/handle, H&S, etc), etc. IMO these aspects are most important and MAKE MONEY, as my posting history proves
Sure there are support/resistance levels, but you can post that if you want (where is your chart?). I am trying to show what i think is the MOST IMPORTANT ASPECT. The aspect that MAKES EASY MONEY.
IMO people confuse themselves and others when the overchart and look at too much data. Stick with the most important aspects. The aspects that make money
Anyone can post their chart if they dont like mine. Id be happy to see it.
The PRICE DATA is the most important aspect of a chart. Other indicators are helpful, but not needed to make sense of the EASY TA here.
Keeping things simple is best imo and 100% accurate, cause its HISTORICAL... and history is indicative of future results, esp when the fundamentals support the TA. There is no denying these facts. You can plainly see for yourself = higher highs/higher lows = a good investment for longs and traders.
Hew many HUNDREDS of percent is the stock up this year and SUSTAINING? Easy trend = easy money
Its nice knowing that these dips fuel company buybacks, which becomes an 8K = positive catalyst
I dont see why people freakout where they should be buying. Its so simple to make sense of... imo this dip will likely result in a lower OS, then when we start to bounce and the TA is looking bullish, he will release the 8K/buyback update and help attract eyes to the chart.
Summer is over, so volume could increase nicely with the upcoming catalysts... charts this solid eventually do get noticed. We just need enough volume/momo to overcome the people that flip into every rally. Once we break past their profit taking + volume remains strong, we will see a multi penny run. At least a gap close.
The company has been buying these levels and free $$$ continues to pile up. This is the current buy zone, hence the large bidders here.
CMGO buyback DD/proof: CMG Holdings Group Inc. pursuant to their Board of Directors approved a repurchase program on June 10, 2019 to buy back up to 100 million common shares over the next two years. The Company announced today that it has started the repurchase program by purchasing 1,050,098 common shares in the market at an average price of .00769. The shares purchased in this announcement and future purchases will be retired to the treasury which will reduce the corresponding amount from the outstanding total share pool.
https://www.otcmarkets.com/filing/html?id=13508886&guid=_ehIU6mgIW7cO3h
_______________
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
How can one look at the CONSISTENCY/RELIABILITY of this trendline and claim charts dont work? Is TRYING to make sense of/learn this stuff so terrible?
WOW. That is just so illogical to me... Sells are drying up in the .007s (another higher low), with large bidders stacking, which happens to be at the TRENDLINE and its worthless data?! lol...
That is EXACTLY why MOST people in pennyland lose to a smaller group of (savvier)people...
Higher highs, higher lows, outperforming most big board stocks this year and SUSTAINING = Total shitshow! lol
People should take the time to learn how to chart, instead of telling others TA dont work. They would see thing differently (more savvy).
Doing ACTUAL DD helps one see the potential of a multi penny run... I would not be invested here if did not think it could run much higher. There are 10,000 other penny tickers i can choose from.
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
_______________
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
We are talking about THIS YEARS gains. WTH?!... This stock has been a better investment than AMZN this year.
Its not hard to look at the price data and figure this out. Its basic math... In January the price was .001's... How many HUNDREDS of percent has the value increased?
Higher highs and higher lows.... Im sorry for those that chased a peak, but that is an issue with individual timing, not the actual stock.
If one has been buying along the trendline they are kicking ass and imo setting themselves up for a multi penny run in the not too distant future.
This is the type of penny trend that allows one to make strong gains and sleep well at night
MOST penny stocks trade worse than this... Anyone with penny experience knows this is far from a "shitshow", by penny stock standards.
Most of them hit lower low long term, under the weight of constant dilution and a lack of execution... CMGO not only is reducing the OS, they are performing strong in ALL areas.
All the numbers are headed in the right direction
Record growth, net profits, winning lawsuits, reducing OS/buyback, best shape in company history, long-term uptrend on the chart/higher lows, increasing cash position without dilution, etc... These are the most important aspects to serious investors, but let’s just ignore it all
Daily chart: Its amazing how easy it is to prove the BS claims wrong. All i have to do it post this, which is UNDENIABLE evidence.
Anyone can claim anything, but one cant alter this data... This stock has outperformed most big board stocks and SUSTAINING the gains. Any penny can pop-n-drop, but only legit/strong ones can plot a chart like this...
Yep, "same ol chit". HIGHER LOWS, which is rare in pennyland.
This stock has outperformed most if not all stocks on t he S&P500 this year. Im hoping for more of the "same ol chit".
Your claim about there being no news coming is worthless. The CEO claims otherwise and you have nothing to support that BS claim.
IMO a buyback 8K is coming, among other things.
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
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
Bid is getting thicker and the Ask is getting thin again... and i bet we are only days away from another PR.
Strong odds we are plotting another higher-low right now (buy zone). Per the 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
Keep hitting it with news Glenn. Eventually this setup is gonna attracts some big $$$ that slams it into the pennies.
... but lets avoid midday Friday news. lol
Its frustrating because the big spike has not occurred, but if one has been paying attention to the chart, they can make relatively easy money trading the swings.
This is the buy zone. It is until the TREND stops repeating... but every time the trend repeats, the odds increase for another MAJOR spike (.01++), esp because theres an upward gap to fill + the OS is decreasing + revs are growing vie credible customers + free cash is piling up without dilution (hence buybacks), etc
This is not the time to freakout, its the time to buy... but someone always does give up and sell the lows = not savvy
Someone fill that Bid please, or some of it, so we can get another buyback 8K(s). lol
Good odds we are going to bounce off the rising support, AGAIN
The OS is being reduced multiple ways right now and $$$ is piling up.