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When i say .001 i mean anything in the .001's... Nitpicky. The POINT is still 100% valid right????? The stock is up A LOT THIS YEAR. More than most, if not ALL S&P 500 stocks, which was the point. Even if we use a .002 price.
Amazing
CMG Updates Shareholders on Positive Corporate Developments, Including Two New Contracts
Chicago, IL -- September 12, 2019 -- InvestorsHub NewsWire -- CMG Holdings Group, Inc. (CMGO/OTC) today announces (2) new contracts and provides a positive business
shareholder update and other corporate news from the Office of the CEO, Glenn Laken:
Due to growing demand, XA The Experiential Agency, CMG's fully owned subsidiary, has closed two new deals. With contracts in hand, XA is looking forwardto providing services to these new clients and using these new corporate alliances as springboards to capture more business in the sector.
XA is gaining a great reputation for having some of the quickest turn arounds in the experiential business. Indeed, XA’s 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, a men and women's online and retail clothing stores (madewell.com).
Beauty Counter; a Direct Retail skincare and cosmetics brand (beautycounter.com).
With our current book of business and client list, including these two new signings, we are delighted to round off our portfolio and look forward expanding our footprint in an industry that is becoming aware increasing aware that XA is the place to go for event needs and ultimate experiences, done right and done on time. We feel these new clients open us up to a whole new segment of the market, as we continue to put our stamp on the industry, with events for well know retailers, like J Crew, scheduled to kick off the fall season.
CEO Glenn Laken went on to add, “I am excited about our future and our growth, we have made some serious steps in growing XA back to where it belongs, and also looking forward to getting our stock price back where it belongs. We have a unique investor base, and our goal is to keep getting new clients and contracts, increasing revenues and looking to expand our footprint in the marketplace. I feel we are doing our part by being a self-funded company. We are funding the company the right way with no convertible debt or gimmick financing. We have never raised the authorized shares, nor have we ever affected a reverse split. I want shareholders to know that as CEO, I have made plenty of sacrifices through the years, to keep the share structure where it is. I went without a salary for an extended period of time and used my own money for many years to support CMG Holdings Group Inc. I am proud of the efforts and hard work that we have made growing our business and bringing the company up to date with all filings. We are also now current and in good standing with OTCmarkets https://www.otcmarkets.com/stock/CMGO/overview
In our plan to bring value to our shareholders beyond business growth and revenues, we have come up with a plan to hyper accelerate our 100m share retirement goal, with 38 million currently restricted shares to be retired and returned to the Treasury. This process will take time, finances and some leg work. As the process moves along, we will keep you informed.
This is the first in a series of updates and press releases. We have even more exciting news about projects we have been working on, to be announced soon...”
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
Corporate website
https://www.cmgholdingsinc.com/
Twitter
https://twitter.com/CMGONews
AboutXA, The Experiential A
Nice name drops: CMG Updates Shareholders on Positive Corporate Developments, Including Two New Contracts
Chicago, IL -- September 12, 2019 -- InvestorsHub NewsWire -- CMG Holdings Group, Inc. (CMGO/OTC) today announces (2) new contracts and provides a positive business
shareholder update and other corporate news from the Office of the CEO, Glenn Laken:
Due to growing demand, XA The Experiential Agency, CMG's fully owned subsidiary, has closed two new deals. With contracts in hand, XA is looking forwardto providing services to these new clients and using these new corporate alliances as springboards to capture more business in the sector.
XA is gaining a great reputation for having some of the quickest turn arounds in the experiential business. Indeed, XA’s 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, a men and women's online and retail clothing stores (madewell.com).
Beauty Counter; a Direct Retail skincare and cosmetics brand (beautycounter.com).
With our current book of business and client list, including these two new signings, we are delighted to round off our portfolio and look forward expanding our footprint in an industry that is becoming aware increasing aware that XA is the place to go for event needs and ultimate experiences, done right and done on time. We feel these new clients open us up to a whole new segment of the market, as we continue to put our stamp on the industry, with events for well know retailers, like J Crew, scheduled to kick off the fall season.
CEO Glenn Laken went on to add, “I am excited about our future and our growth, we have made some serious steps in growing XA back to where it belongs, and also looking forward to getting our stock price back where it belongs. We have a unique investor base, and our goal is to keep getting new clients and contracts, increasing revenues and looking to expand our footprint in the marketplace. I feel we are doing our part by being a self-funded company. We are funding the company the right way with no convertible debt or gimmick financing. We have never raised the authorized shares, nor have we ever affected a reverse split. I want shareholders to know that as CEO, I have made plenty of sacrifices through the years, to keep the share structure where it is. I went without a salary for an extended period of time and used my own money for many years to support CMG Holdings Group Inc. I am proud of the efforts and hard work that we have made growing our business and bringing the company up to date with all filings. We are also now current and in good standing with OTCmarkets https://www.otcmarkets.com/stock/CMGO/overview
In our plan to bring value to our shareholders beyond business growth and revenues, we have come up with a plan to hyper accelerate our 100m share retirement goal, with 38 million currently restricted shares to be retired and returned to the Treasury. This process will take time, finances and some leg work. As the process moves along, we will keep you informed.
This is the first in a series of updates and press releases. We have even more exciting news about projects we have been working on, to be announced soon...”
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
Corporate website
https://www.cmgholdingsinc.com/
Twitter
https://twitter.com/CMGONews
AboutXA, The Experiential A
Nice name drops: CMG Updates Shareholders on Positive Corporate Developments, Including Two New Contracts
Chicago, IL -- September 12, 2019 -- InvestorsHub NewsWire -- CMG Holdings Group, Inc. (CMGO/OTC) today announces (2) new contracts and provides a positive business
shareholder update and other corporate news from the Office of the CEO, Glenn Laken:
Due to growing demand, XA The Experiential Agency, CMG's fully owned subsidiary, has closed two new deals. With contracts in hand, XA is looking forwardto providing services to these new clients and using these new corporate alliances as springboards to capture more business in the sector.
XA is gaining a great reputation for having some of the quickest turn arounds in the experiential business. Indeed, XA’s 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, a men and women's online and retail clothing stores (madewell.com).
Beauty Counter; a Direct Retail skincare and cosmetics brand (beautycounter.com).
With our current book of business and client list, including these two new signings, we are delighted to round off our portfolio and look forward expanding our footprint in an industry that is becoming aware increasing aware that XA is the place to go for event needs and ultimate experiences, done right and done on time. We feel these new clients open us up to a whole new segment of the market, as we continue to put our stamp on the industry, with events for well know retailers, like J Crew, scheduled to kick off the fall season.
CEO Glenn Laken went on to add, “I am excited about our future and our growth, we have made some serious steps in growing XA back to where it belongs, and also looking forward to getting our stock price back where it belongs. We have a unique investor base, and our goal is to keep getting new clients and contracts, increasing revenues and looking to expand our footprint in the marketplace. I feel we are doing our part by being a self-funded company. We are funding the company the right way with no convertible debt or gimmick financing. We have never raised the authorized shares, nor have we ever affected a reverse split. I want shareholders to know that as CEO, I have made plenty of sacrifices through the years, to keep the share structure where it is. I went without a salary for an extended period of time and used my own money for many years to support CMG Holdings Group Inc. I am proud of the efforts and hard work that we have made growing our business and bringing the company up to date with all filings. We are also now current and in good standing with OTCmarkets https://www.otcmarkets.com/stock/CMGO/overview
In our plan to bring value to our shareholders beyond business growth and revenues, we have come up with a plan to hyper accelerate our 100m share retirement goal, with 38 million currently restricted shares to be retired and returned to the Treasury. This process will take time, finances and some leg work. As the process moves along, we will keep you informed.
This is the first in a series of updates and press releases. We have even more exciting news about projects we have been working on, to be announced soon...”
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
Corporate website
https://www.cmgholdingsinc.com/
Twitter
https://twitter.com/CMGONews
AboutXA, The Experiential A
Awesome PR, but its not hitting many sites yet. Not on Equityfeed which is very surprising. They get all the news. I pay a lot of money per month for the service
No need to wait. In January the price was under .002, which is .001. BOOM!
So easy
PS: Please dont add words to my comments
When did i say "below" .001?! Please dont add words which make it seem like i was suggesting something false. My point was 100% accurate
They aren't selling shares now, they are buying them back.
How much has the price dropped since .001 earlier in the year? Theres been multiple PRs and higher sustaining lows
IMO that perspective is not a savvy way to look at investing, unless one is a 2 minute trader
Also, it is no longer Summer. PRs could have a very different effect going forward... each one will get more eyes on the stellar FINANCIALS
And even if a few initiatives, PRs, etc take longer than expected its nothing unusual in the business world.
Glenn tries to keep us informed on these things, but business is DYNAMIC. When multiple parties are involved, multiple aspects can become a holdup.
The MAJORITY of what Glenn Tweets comes true on time and i see no examples that suggests he is attempting to fool us via these Tweets.
Its all just nitpicky BS, while ignoring the MOST IMPORTANT DD.
How could a LONG not like the SUSTAINING gains this year? Is gaining more than Amazon, Apple and MOST, if not all of the popular large cap stocks not a worthy investment?
These gains are just the start cause this $4 million market cap is nothing for the growth/strength they are exhibiting right now... and all the DD, you know the IMPORTANT info, suggests things are gonna improve a lot more.
Penny stocks often sit dead for long periods, then they go BOOM and put in much of their gains over a short period. I expect this to happen to CMGO in the not too distant future and the people on the sidelines will regret it...
Id rather be a little too early than to late, you?
....and BTW, i have a loooong history of calling winners EARLY that can be easily proven with my posting history. Im not just some noob making random claims. My penny experience makes me highly qualified to piece together and predict these scenarios.
But the price is higher than .001, which is where it was trading earlier in the year, right? Amazing what PERSPECTIVE can do. This stock has outperformed most, if not all S&P500 stocks over this period
The recent events were announced during the slow/dead summer months(s), now we are entering a different period for the penny market, as i have already explained. Lets see if we can get the price much higher than .01 heading into the christmas season, when companies start advertising heavily. We could see multiple 7 figure contracts, which are currently on the table.
When we are .01+ will the claim be "none of this has the PPS over .05"? lol... Weren't we .006 just a short while ago? Now its .009. The only issue i see is impatience/timing, nothing with the company
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
Lots?! lol... I don’t see any tweets being posted that are old. Everything is relevant in regard to what is happening right now.
... but I get it, phony/nitpicky negatives are more important, even though they are a waste of time discussing, because they’re insignificant gripes and not not gonna make/save anybody money.
Let’s just ignore 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 them and instead insinuate that new/relevant tweets are somehow “old”. Savvy!
$CMGO XA is pleased to announce today they have been chosen to orchestrate J. Crew's fall university tour. The tour will visit 10 major universities to build awareness of their products. J. Crew is extremely active in the experiential space and we hope to cement our relationship.
$CMGO XA is pleased to announce today they have been chosen to orchestrate J. Crew's fall university tour. The tour will visit 10 major universities to build awareness of their products. J. Crew is extremely active in the experiential space and we hope to cement our relationship.
— CMG Holdings Group Inc. (CMGO) (@CMGONews) July 31, 2019
$CMGO For clarification purposes this is one of the deals that we have been working on for the last 6 weeks. Unfortunately these deals take a lot longer than expected.We are very excited to build our relationship with J. Crew. They have a very serious budget. #WORKINGIT
— CMG Holdings Group Inc. (CMGO) (@CMGONews) July 31, 2019
Lets do some simple math: $481,000 NET profits for the quarter X 4 quarters = $1,924,000 Forward NET profit pace
$4,045,552(current market cap) divided by $1,924,000 (forward net profit) = a current 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 $4 million. 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
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
CMG finished the quarter with a cash position of $409,589
Thats some nice ammo for buybacks, acquisitions, etc esp if it continues to grow each Q... and remember, the cash position is growing because of SALES, not because of dilution.
Many CEOs would use their excess cash to just pay out big bonuses, but Glenn plans to buyback a ton of shares and who knows what else he could do to push the needle.
Great position for a $4 million dollar company.
Revenues of $1MM+ up 358% YoY, Profitability Maintained
XA Sales Funnel Builds with Multiple Seven-Figure Contract Bids Progressing
Approved 100MM Share Repurchase and Began Returning Capital to Stockholders
Company Pursuing Legal Action Against Former Attorneys
CMGO buyback DD/proof: CMG Holdings Group Inc. pursuant to their Board of Directors approved a repurchase program on June 10, 2019 to buy back up to 100 million common shares over the next two years. The Company announced today that it has started the repurchase program by purchasing 1,050,098 common shares in the market at an average price of .00769. The shares purchased in this announcement and future purchases will be retired to the treasury which will reduce the corresponding amount from the outstanding total share pool.
https://www.otcmarkets.com/filing/html?id=13508886&guid=_ehIU6mgIW7cO3h
_______________
CMG Holdings Group Inc. pursuant to their Board of Directors approved a repurchase program on June 10, 2019 to buy back up to 100 million common shares over the next two years. The Company announced today that it is continuing the repurchase program by purchasing 990,000 common shares in the market at an average price of .0073. The shares purchased in this announcement and future purchases will be retired to the treasury which will reduce the corresponding amount from the outstanding total share pool.
https://www.otcmarkets.com/filing/html?id=13532613&guid=_ehIU6mgIW7cO3h
____________
CMG Holdings Group'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
Its funny reading the insinuations about how they use their money, but they have brought the company to the best shape in their history, with the OS being REDUCED via OPEN MARKET buybacks. Did it take money to get here? Isn't this company in better shape than most pennies that trade at these valuation levels?
This is a small company fighting to survive/thrive and some judge as it as if its a Fortune 500 ticker. lol... I see some damn good progress being made! The market has not caught on yet, but they released their numbers during the slowest month of the year. This ticker should fly heading into 2019. The holiday season could be very lucrative, with several new contracts, leading to more buybacks, etc = creating value for longs.
Heres to higher lows!
What is the point of spending years worrying about something so insignificant? How has it been detrimental to people holding shares?! It’s not causing any dilution, debt, etc
If something bothered me for this many years I would’ve moved on already. There are 10,000+ penny stocks. Plenty of others if one cannot agree with the DD here.
Time is money and I happen to be making money on this stock.
I explained this last night, there are multiple reasons. Do you think Glenn came up with this on his own or his accountant/lawyer recommended him do this for whatever type of tax savings, etc he needed at the time?
What exactly is so detrimental about this? This is the heart of the underlying insinuation, right?... If one cannot name a reason in regard to HOW it’s bad, then they’re just blowing hot air.... and how many years ago are we talking about? lol
Why are these types of things nitpicked and the most important DD ignored?!
Easy to do when the facts support the long holders.
All i see is nitpicking single days trading action while ignoring the long-term trend. Along with nitpicking spelling errors, etc. lol
Don’t see any anyone disputing the buybacks, revenue growth, net profit, winning lawsuits, big-name customers, lack of dilution, etc. These are the things that matter, and the topics that are most avoided.
He spelled J Crew accurately in the other tweets and W and E are right next to each other, right?
Obviously a typo, but that dont stop the BS claims about him not knowing how to spell it. lol
Soooo much BS
At least we can all agree that the longs that are ignoring the repetitive BS claims are seeing gains.
its undeniable (see chart)
Ok i was off on an insignificant point, but the heart of that point still holds true. The price is up hundreds of percent off the lows of this year. In January this stock was .001... Where is the major selloff?!
Its funny how THAT is the aspect i am challenged on and not the IMPORTANT facts i have been posting. lmao
Im glad i have not been betting against the trend. Im MAKING money here, outperforming the S&P, you?... Focusing on the right DD is important, if one wants to make money like me
That's all the DD you need.
Dont forget that August is the WORST month of the year for penny stocks. Volume is always weak and gains are harder to sustain, historically.
Now that kids are going back to school you can see penny market volume/interest increasing again. People are done vacationing and have more time to hunt for stocks... Those that are judging the trading action of this stock during the worst month of the year are not being savvy.
I mentioned this a few times during August... Lets see how sales/contracts, buybacks, etc help the stock now.
Theres a retail trader playing games with their Etrade account. Not savvy. Giving away future profits.
PRPCF charts look great. Breaking out. Volume is spiking for the Canadian ticker, 4X average with 2 hours left.
Mining play with 2 spinoffs coming
PRPCF charts look great. Breaking out. Volume is spiking for the Canadian ticker, 4X average with 2 hours left.
Mining play with 2 spinoffs coming
I betcha we close over .009 today. Strong odds for it
Some are gonna chase into the close imo, cause the potential for a big name drop is strong... Its possible that news holdup was Glenn waiting for approval to use their name.
CMG Holdings Group Inc. (CMGO)
@CMGONews
·
Sep 5
and we have shown that by removing all convertible debt from the books and rebuilding XA which is rock solid with a thriving business model. With that said news will be coming out soon enough ,real news. Then we will see what else there is to complain about$CMGO #ITSCOMING
_____________
CMG Holdings Group Inc. (CMGO)
@CMGONews
·
2h
$CMGO We are drafting a news release for this week as promised$CMGO#MORE REVENUES
https://twitter.com/CMGONews
If they do a stock deal they have to release a filing at the same time and we would know instantly.
My use of the word "vehicle" means a convertible note, bond, preferred shares, S8, etc that allows one to convert debt into free trading shares.
Canada has stricter laws on how they can issue shares. They dont have as many dilutive options like OTC companies
There is no vehicle on the books for CRBTF to issue 3 billion shares and their history suggests they wont.
Also, any new shares will be restricted, so if they dilute too much we can sell before they can dump on us; They cant just issue shares and start selling right away, as you are suggesting. Only mature convertible note holders can do that and there are none in this stock.
Trading other penny stocks helps one undertstand the difference with CMGO.
Sadly, i think some compare this to big board stocks and expect the same type of trading/liquidity.
Yep, actions tell us more than endless BS claims
They have not released any disappointing PRs yet, have they? NONE of them have been fluff since ive been here (months)... and this sounds like a SALES/CONTRACT PR. How dissapointing can SALES be for a company this size??? They are only trading 1X forward revs as it is, any big contracts now will not only make the numbers look amazing, along with giving the company more ammo for BUYBACKS?
... and if they drop a BIG name in the PR? Which they are quite capable of...
So much BS... THIIIIICK
Canadian stocks do not have an AS, at all. None of them.
In reality the AS is a BS figure for a stock because its so easy to increase... The OS is all that matters and they have not diluted in over a year and have no convertibles
He has been tweeting for the past year and the price is up hundreds of percent. When is this major selloff going to occur??? Dips keep being bought and the company is one of the buyers
Isn't it more helpful to use facts/substance to support our claims instead of just pulling them out of our ass? this visual helps support my claims while discrediting yours... cause i always back up my claims with substance and/or sound reasoning, or i dont make them