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Marketing products is a bit different than marketing equities. He needs to hire a pro
Makes perfect sense, interest equals appreciation. Lack of interest equates to no movement
The answer is simple. Glenn has done little to attract interest to the ticker, over the 10,000 other penny tickers all fighting for attention.
It takes effort to get noticed. Liquidity is extremely low in the penny market, has been for years. This is the way it is for all penny stocks, most of the big runs are bought and paid for
If I were Glenn i would announce my intention to put their cash to use in this BUYERS market. Pump the potential for an acquisition coming. They have the verifiable amount of cash, so no one can doubt it... Get some heavy speculation percolating
Also, pump their desire to get the price over .01 so they can uplist
The people that lost these lawsuits are certainly frustrated and want to see Glenn fail. They are reminded of his ass-whoopin every time they have to write a check to CMGO
Must suck to be them
Back then, as in the past, he probably needed money when the company was filing lawsuits and trying to stay afloat. Now is a different story and he’s buying those shares back as every aspect of the company is dramatically improving. This isn’t very hard to understand if one actually thinks about it...
He’s not selling now, Is he? How many penny CEOs would just grant themselves hundreds of millions, instead of using their own cash??? Petty
More recent documents show he is purchasing shares in his private account, on top of the shares the company is purchasing. These facts must’ve slipped the mind
That’s actually not a fact, that’s a very short term prediction...the Price is hundreds of percent above the lows under Glenn, this is a fact
Please explain how they are on a path to failure and how things are worse now than in the past? Glenn has improved every aspect of the company and continuing to do so
The dynamics are different now and I predict that people are going to be buying dips and holding tighter.... We've also been hearing for YEARS how this company is going to fail, yet they keep proving the critic’s wrong in every aspect. Lawsuits, share reductions, filings etc take time
I don’t see the end of the world scenario, sorry... This stock runs .01+ every year, but I have a good feeling that this time it’s not gonna come back. Again, the dynamics are dramatically improving, in every aspect... and I’ve supported these FACTS in my previous posts, I don’t just make claims
The short termers who chased are now selling low to people that are going to lock those shares up. When they quit whacking the bid, buyers will start to move up into the .005s and then we could push into the .006s shortly after
Remember, the company isn’t diluting, they’re buying.
How can you justify a sub $450,000 market cap when they have so much free cash? Let’s use some common sense and market intelligence please. Glenn could buy the entire company back multiple times at those levels
When people quit whacking the bid buyers will start to move up. There isnt much downside when the company is buying millions of shares and they have $800,000 in free cash, with plenty more coming
Its nice knowing that even if there wasn't an underlying biz, CMGO is undervalued with all the free cash flowing in this year...
An OTC uplisting + acquisition would dramatically alter the company. By end of year this story could look entirely different/better
Its sad when a $XX,XXX credit line is being nitpicked. lol... while the $800K cash gorilla is avoided...
... along with all the additional $$$ thats coming, which requires no additional expenses to collect on.
There are people that would drop an AMAZING business plan/company into CMGO right now. Look what people pay for clean shells with no cash?... Its not easy to sell penny stock equity right now, other than death spiral terms. This is a sexy ticker and when he returns a large chunk of stock, purchased at super discounted prices, it will look even stronger.
This is a solid buy at this valuation, no matter how its dissected. CA$H CA$H CA$H
The fact that no MAJOR issues are being brought up tells us this... cause no doubt if an issue was there, It WOULD be harped on.
All of these issues are minor and Glenn is consistently cleaning it up. The mess was caused by the PREVIOUS MANAGEMENT... If one does not like XA, thats fine, Invest in the CA$H + ability to win additional lawsuits
They might have needed SMALL AMOUNTS of credit before they won the lawsuit. lol... That is for the "year ended December 31, 2019" and they started collected the settlement about mid year, right? It does take money to run a company... and heck, i have plenty of money, but i use credit every time i buy something then payback before i owe interest, to gain cashback benefits. You dont think highly profitable Fortune 500 companies have debt? Corporate debt is at an all time high
Kinda nitpicky. If one wants PERFECTION from a penny stock, they aren't going to find it!... but id say this is as clean as it gets.
If i had a business plan/company that needed funding, id be calling Glenn. You know how hard it is to fund an idea right now? Cash is king
Why does it matter how they MAKE MONEY and GROW THE BIZ? I see all aspects improving, is this good or bad? Should they turn away larger cap clients, who could bring more biz in the future, just because its a smaller event?!? That would be a terrible strategy
You should compare to how other penny stocks are managed... and how little they grow for how much they spend
Boring topic.
... and who is to say they wont make an acquisition that could dramatically expand the company? They are sitting on a mountain of cash, remember?... and as i have said, this is a BUYERS MARKET. Many companies would love to be acquired by a clean/cash rich public vehicle right now. This would still be cheap if it was a SHELL, because of the cash + ability to win additional lawsuits.
For $2.5 million valuation, with millions of free cash flowing in, its as good a bet as any. That is why im spending my time here
What Is Experiential Marketing and Why Is It so Critical?
https://www.salesforce.com/products/marketing-cloud/best-practices/experiential-marketing/
And with the recent events in this world, it sure is nice that they ran the company as lean as possible and didn't spend like they have to show off to their clients.
Because of this they are sitting with a mountain of cash (and growing) in a BUYERS MARKET
The people that lost these lawsuits are certainly frustrated and want to see Glenn fail. They are reminded of his ass-whoopin every time they have to write a check to CMGO
Illogical... Again, why pay full time people to sit around between events, then pay for travel, food, lodging, etc every time they have an event on the other side of the country? That would use up their cash FAST.
They have been running this company with ZERO dilution and growing, i dont see the issue. They will hire when they need.
... and they are not getting the books in order, reducing the OS, keeping costs low, etc to not make this into something bigger. They are strengthening the structure... They are cleaning up the mess that others made, which takes time...
They are not "caterers" lol... They are experiential/marketing project managers for high end clients, putting on high end/creative events...
Look at these videos: https://www.expagency.com/content
They dont need many full time employees. They can hire people in ANY market. Its the nature of the biz
Their customers are everywhere and it would run them dry paying full timers to fly around the country when they need them in various markets.
How hard is it to hire people to hand out samples, or caterers/chefs, flower people, graphic designers, etc?
Heres an example of a dinner they setup for Timberland executives late last year. Where is there an issue with their employment structure? I see them meeting the expectations of their clients...
There are many people that dont like buybacks and i agree with them in some ways... for example, a Fortune 500 company spending large wads to buyback small percentages is often a waste because that money could impact their stock appreciation more if used to acquire and/or accelerate existing business plans
... but CMGO is VERY different. They can use a moderate portion of their cash to buyback LARGE percentages of the OS before it moves off the pinks. This is a savvy use of cash imo, as long as they have no near or long term need to support the underlying biz with the money.
This is a unique situation. They could reduce the OS by almost 25% spending only a portion of their free cash... When you can reduce the OS by THESE percentage levels, its substantial.
It also shows that the insiders are bullish on their own stock = good for shareholders... Most penny CEOs hand out equity like its worth nothing to them, not Glenn. He values every share, which tells us he has all the motivation in the world to build this into something bigger than it currently is = good for shareholders: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155531465
Buying these shares also shows he cares about the common shareholders/stock.
Buyback cheap while its pink, then use the shares to improve/advance the company when they are on the OTC, trading hundreds, possibly thousands of percent higher... they are working towards this goal
Its a strong statement to be reducing the OS with zero dilution for this long. In pennyland this is rare and why i continue to follow this stock. 95% of pennies are share selling schemes, CMGO is not, in any way.
CMGO biggest issue is a lack of market exposure, but one day this will change and we will all make a big gain imo.
Sometimes its the best way to spend your excess cash, esp when your stock is super deflated. Invest in yourself
If you can buy your stock at .00X and sell some back into the market several pennies higher in the future to fund a new initiative or make an acquisition, that is a good move. Its better than that cash sitting in a bank and not collecting much of a return.
It all depends on your valuation and NEED for the cash... They have more lawsuit cash coming in than the market cap, so they can use a partial amount for buybacks and make themselves more attractive for future acquisitions, etc
They are also trying to buyback a bunch of shares at VERY low prices. FYI, this 5-8% does not include the open market purchases.
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
XA/CMGO list of customers...
ADIDAS
AMERICAN EXPRESS
BEAUTYCOUNTER
BELKIN
BIRCHBOX
BLOOMBERG
BOXED WATER
BRAVO
CANDY CRUSH
COTTON
COVERGIRL
DIAGEO
DIET COKE
DISNEY
EMIRATES
GLAAD
GOOGLE
H&M
HBO
HERMES
ILLY
J.CREW
JEREMY SCOTT
LACOSTE
LYFT
L'Oréal
MADEWELL
MARRIOTT
MIANSAI
MICHAEL KORS
MILK BAR
MOET
MOMOFUKU
MOSCHINO
MR. PORTER
NBC
PAX
PERNOD RICARD
PERRIER
PERRIER JOUET
POLARIS
POMMERY
PRIVE RIVAUX
SHOWTIME
SONIC
STELLA ARTOIS
SVEDKA
TAG HEUER
THE SIMS
TIDAL
UBER
USA
UNICEF
VICE
VIMEO
W HOTELS
WWD
https://www.expagency.com/clients
Retailers are going to have to get creative to get customers back and make them FEEL SAFE... and this could play right into XAs hands.
They could help companies setup social distancing based marketing/sales strategies, which is no doubt going to be required for most companies... Now that the economy is starting to open up, with social distancing requirements, we could see some new contracts announced, with very larger companies...
Lets also not forget that the company could be getting cheaper soon, thanks to a large private buyback at low prices, barely touching their cash position.
So many aspect working in its favor, we just need to blow out of this trading range and not let the short term flippers reload cheap... get em to chase higher.
When any stock first starts to breakout theres usually a spurt of selling from the people that accumulated cheap. Its the 2nd wave that usually sees a bigger pop, which we could begin this week... and i bet many of the people selling want to be in this when it makes its annual .01+ run, so they will chase if it shows its going to continue the uptrend.
There is more reason to be in this right now than not, the underlying fundamentals are improving faster than the valuation... and I have no doubt that Glenn has some meat for us: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155531276
First weekly MACD cross since last year...
Reducing OS/Company + insiders buying, increasing free cash, only $2.5 million cap, more lawsuit cash coming in than the market cap, responsible management, becoming fully filing and this is a buyers market for companies with excess cash.
... and im positive the CEO is motivated to get the price higher, now that he is coming out of a filing period.
More upside or downside?
I dont see Glenn doing anything that indicates he is not doing whats in the best interest of the COMMON shareholders... Cleaning up the books takes time for ALL small companies.
For the most part, longs have been frustrated because of the time it took to get here, not because of Glenns actions towards their investment (rare in pennyland).
This ticker has made mistakes in the past, under multiple CEOs, but every aspect of the company is headed in a bullish direction now.. Revs for the underlying biz might be down, like most companies, but this valuation doesn't even include $1 for the underlying biz. CMGO is undervalued because of the lawsuit wins/cleanliness... with more lawsuit wins likely coming
If i had a business plan that needed $$$ to fulfill, i would want to get acquired/merge with CMGO. Not another shell that would need to go out and sell equity, which is an EXTREMELY DIFFICULT thing to do right now... and ya cant finance a business plan with no $$$, right?
Something very big is coming imo. He is not going through all this effort to just rollover now. He can CHOOSE what deals he wants to do, at a discount. Hes in the captains chair with a large war chest at his side.
When more $$$ is flowing in than the market cap of your company, that is a VERY good position to be in, as a company and investor... and this cash no longer requires any costs/expenses to obtain. They just have to deposit the checks, thats all the effort needed to put millions on the books. Its all FREE cash, which is not needed to keep their lean business afloat
... and guess what? THIS IS A BUYERS MARKET. Cash is KING. Glenn is in a very good position to do something life altering for all of us holding shares.
Ive studied/traded thousands of penny stocks over the decades and this is as good of a risk/reward that ive seen in some time. We are investing in CASH + the ability to WIN these lawsuits
Glenn is also motivated by the critics, along with his natural drive. This has put him on a path to reduce the OS the cleanest and most shareholder friendly way possible. His drive/motivation has also pushed him to execute on cleaning up the books, cost control measures, savvy decisions, protecting the COMMON shareholders, etc. Everything he is doing is for the benefit of the longs, it has just taken some time to get to this point.
I do trade this stock, i have for years... but this is more of a buy & hold now than at any time in their history, even with the pandemic punishing the economy.
I hope their current business succeeds, but this ticker would still be undervalued if it were a SHELL, because of all this free cash + ability to win MORE lawsuits... as i said this is a buyers market, acquisitions can be made at fire sale prices, esp if the acquirer has the $$$ to fulfill another companies underfunded business plan. Not many pennies are in this unique position, this stock could spike BIGLY at any time (with or without news) and never come back to these levels again.
$2.5 million market cap is a steal for a clean company with no dilution + more lawsuit wins than the valuation... along with a CEO that has PROVEN that he is working in the best interest of the COMMON shareholder.
Im excited to see what Glenn does next. He is not getting the financials in order (not easy) to stop now... A clean fully filing company + a reducing OS + wads of free cash is just the start of even bigger moves to come.
This is a great time to discover CMGO and position. Do the DD, do the simple math
$CMGO SEC Edgar History of 9,540,098 Buyback Shares To-Date 2/20/22020
1,000,000 common shares in the open market at an average price of .00597 2/20/2020
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000050/cmgo_2020feb20-8k.htm
1,200,000 common shares in the open market at an average price of .00625 2/11/2020
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000016/cmgo_2020feb10-8k.htm
1,000,000 common shares in the open market at an average price of .0065 1/16/2020
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000006/cmgo_2020jan16-8k.htm
3,300,000 common shares in the open market at an average price of .0063 1/6/2020
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000002/0001017386-20-000002-index.htm
1,000,000 common shares in the open market at an average price of .00735 9/30/2019
https://www.sec.gov/Archives/edgar/data/1346655/000147793219005573/cmgo_8k.htm
990,000 common shares in the open market at an average price of .0073 7/10/2019
https://www.sec.gov/Archives/edgar/data/1346655/000101738619000194/cmgo_2019july9-8k.htm
1,050,098 common shares in the open market at an average price of .00769 6/26/2019
https://www.sec.gov/Archives/edgar/data/1346655/000101738619000174/cmgo_2019jun25-8k.htm
9,540,098 Total Buyback Shares To-date 2/20/2020 to Reduce the O/S
Thanks for reminding us, again
I think thats been asked and answered enough since yesterday and there are more important things to discuss
CMGO buyback DD/proof. Some examples, not all...
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 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
Jun. 13, 2019, 04:30 PM
CHICAGO, June 13, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of CMG Holdings Group, Inc. (OTC: CMGO) announces today the approval of a share buyback program of up to 100 million shares of the Company's common stock over the next two years. The share repurchases will be made at the discretion of the company through the open market purchases and/or privately negotiated transactions.
CMG's Chairman and CEO Glenn Laken said, "We are very excited by the prospects for the company going forward and have decided to implement this buyback based on our view that the price of the stock does not accurately reflect the value of the company and its increasingly positive prospects. We believe that this program is a very important step in increasing shareholder value. I'd like to thank our loyal shareholders for their support. Further information on CMG developments can be found at @CMGOnews on Twitter." The repurchases will be made with cash on hand, free cash flow from operations, and potential bank financing. Full details of the stock repurchase program may be found in CMG's report on Form 8K which will be filed within the next few business days.
About CMG Holdings Group, Inc.
CMG Holdings Group, Inc. is a Chicago holding company whose primary operating subsidiary is XA – The Experiential Agency, Inc. (https://www.experientialagency.com) - which engages in the alternative advertising, digital media, experiential and interactive marketing, and entertainment sectors. XA is involved in production and promotion, event design, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set design, and data analysis and management activities. The business also offers branding and design services, such as graphic, industrial and package designs across traditional and new media, public relations, social media, media development and relations, and interactive marketing platforms to provide its clients with customary private digital media networks to design and develop individual broadcasting digital media channels to sell, promote, and enhance their digital media video content through mobile, online, and social media. XA serves clients across the marketing communication industry. Separately, CMG Holdings Group owns Lincoln Acquisition Corp., a subsidiary formed to manage its portfolio investments.
Disclosure Statement
lol... Maaaan, please do some SIMPLE DD. Companies RS when their stock is no longer marketable and they need to raise cash... and CMGO has more free cash than they know what to do with.
CMGO is BUYING BACK SHARES, along with the CEO BUYING SHARES in his personal account. This is the exact opposite of a company that needs to RS
The OS is DECREASING and they have the cash to reduce it by much much more, with millions more in lawsuit $$$ coming.
The underlying FACTS are far more important than random unsupported claims on the internet.
The plan is to buyback 100 million shares and they are executing it
I don’t know, but now that Glenn can start buying shares again, I would not be surprised if he is on the Bid accumulating today. Maybe we will get a Buyback PR next week
Nice accumulation taking place now, highest in almost a year... the trend is bullish. i’m thinking next week will be profitable for everybody buying the stock today
Large buyers are Bid sitting in the .005s, waiting to see if some gives their shares away... If sellers dry up they will start moving up.
We could see a very nice close
He has already warned that revenue is down for the biz, like most companies. It’s obvious and to be expected, it’s not a surprise... but that is not what one should be looking at right now, because this is undervalued for the amount of cash that’s piling up, alone.
During the filing process, which ended yesterday, they had to stop buying back shares… But now they can open the floodgates again and I have no doubt with all this cash piling up he’s looking to buy more, so look for buyback news coming
Also, we could see an acquisition with so many companies being sold for nothing right now, looking for a partner with free $$$, like CMGO... Getting their filings in order makes this a much more attractive company to do a deal with, on top of all the cash
I bet all of those stocks had constant dilution and massive losses, the exact opposite of this stock...
If this drops it will be due to a lack of people discovering it, not the company doing anything to destroy the price, like 99% of penny stocks.
...and with daily volume increasing, it’s obvious that people are discovering the stock and imo will tell others. This weekend should see a significant increase in interest, Setting up a strong day on Monday
I’ve been waiting for this moment for many months. Glenn has consistently been getting the house in order. He’s determined