Back from decade break...digging up gemz and looking under rocks
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With recent Q filed and latest tweet, it looks as if XA is having a nice 4th quarter, and more details coming regarding the oil tech.
OS and AS hasn't changed in how long now?
Yeah, your talking about the 2008 IP. It's 2023 now. lol.
I'm sure glad we have an expert petroleum/Terminal engineer to help explain the CMGO/NVT oil tech details. Whew....
Out of court, in court....Trivial matters. They won the case ------ whoops, I forgot a punctuation mark. lmao.
I love the historical revisionism. Nice try. Let us not forget, perhaps we can phrase it, "Best Revenues since the CEO and his daughter took over and began to realize that current XA management(Wagner et. al.) was secretly siphoning off clients, revenues and IP and covertly setting up another competing firm. So that was the hand the current CEO was dealt. These are facts and I'm sure you would agree on this historical timeline, as they are not debatable. CMGO won that lawsuit against the crooks, but a ton of damage was done as the thieves retained some of XA's big clients.
https://www.hollywoodreporter.com/business/business-news/hollywood-party-planners-fighting-200-926695/
https://www.prlog.org/12757644-cmg-holdings-group-inc-issues-shareholder-update.html
$CMGO We are very proud to announce that XA is going to finish the year (4th Q) with it's best period in the last 8 years. The last quarter will gross between 1.5 and 2.0 million dollars. This will be generated by one of our oldest customers and a new customer who
— CMG Holdings Group Inc. (CMGO) (@CMGONews) October 16, 2023
1.5 Million to 2 Million in 4th quarter.
She's not dead yet. Sorry to disappoint the anti-CMGO folks.
New Cmgo Tweet. $CMGO We are very proud to announce that XA is going to finish the year (4th Q) with it's best period in the last 8 years. The last quarter will gross between 1.5 and 2.0 million dollars. This will be generated by one of our oldest customers and a new customer who
manufactures woman's wear and is owned by a giant in the clothing business. We hope to share additional details concerning our other venture shortly. Patience will be well rewarded.
Minutiae and trivial details i don't concern myself with, lmao. Who cares. Landing contracts I do care about. Sorry to tell ya, they are not dead yet lol.
XA, The Experiential Agency is obviously still doing business.
New Tweet: CMG Holdings Group Inc. (CMGO)
@CMGONews
·
$CMGO We will be posting a twitter tomorrow or Tuesday with some very exciting news about XA. It will speak to the phenomenal 4th quarter we are expecting from XA. Check it out!!
To busy to go over every detail of these complex cases. There is a long history as you know.
Well, well, looks like XA isn't dead after all. Hate to break all the bad news to the board....:)
Seems like you got it all figured out huh?
Your cherry picking here and when and if I have more free time I will present the antithesis of your argument.
Wow. Great detective work. Yes, im Alexis........LMFAO!!!!
Exactly, who steps down when they are not guilty. Lol.
Once the unit is plugged in and refining heavy oil, good luck getting in at this PPS.
Exactly. It's technical, lots of details and infrastructure requirements for both the JV and the terminal, but once all those initially established, the next unit goes in much faster.
They really just have to establish the first unit. Produce oil and generate revenue.
After this happens, it won't be long before big boy money comes in, and unit after unit will go up fast.
From older PR and assumed 10%.
“With new regulations limiting pollutants - especially sulfur – we anticipate the emerging proprietary treatment technology market for petroleum products to be very profitable,” said CMG CEO Glenn Laken “enhancing the value of lower
priced, low grade petroleum feedstocks with MVU technology to produce a higher quality product that can be sold at a premium using environmentally sensitive, more cost- effective technology is a win-win for everyone.” He explains, “When upgrading heavy and sour fuel oil to a medium to low sulfur fuel, the spread between the price of the crude before and after treatment determines profit. Assuming potential profits per barrel in the range of $ 6 to $10 per barrel the JV should realize a net profit margin between $900,000 and $1.5 million dollars per month. As a 10% member of the LLC, CMG’s share should equate to between $1,080,000 and $1,800,000 annually.” He adds, “In the short term during the next 12 months the JV plans to install 1 to 3 more processing units, enabling 10,000 to 20,000 bpd in production. If we reach the goal of 4 units CMG can earn approximately $3.6 million to $7.2 million annually. Assuming the JV can achieve its goal of installing 8 units – the maximum number that can be installed at the processing facility currently being used by NVT - processing capacity can reach 40,000 bpd and achieve profit levels of approximately $7,200,000 to $18,000,000 per month
($86,400,000 to $216,000,000 annually). CMG’s share as a 10% member would be from $8,600,000 to $21,600,000 annually.”
New PR: CMG Holdings Group Discusses Its Terms of Agreement, Profit Opportunities, With Its New Jersey Oil Venture
February 16, 2023 12:35 ET | Source: CMG Holding Group, Inc.
...
CHICAGO, Feb. 16, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- CMG Holdings Group, Inc. (OTC: CMGO) today shared with its shareholders and potential investors terms of its agreement with New Vacuum Technologies, LLC (NVT) as part of the joint venture in southern New Jersey.
The project removes impurities from low-grade oil and turns it into a higher grade of oil, and construction is ongoing, with completion expected shortly.
CMG Holdings Holdings Group will receive seven percent of the profits generated at the facility on an ongoing basis beginning with the start-up of operations.
CMGO will be repaid at the rate of interest of ten percent per annum for money loaned to the joint venture. If this loan is completely repaid by the end of 2024, NVT can buy back CMGO’s profit share by making an additional one-time payment to CMGO of $3.6 million. CMGO maintains a preferred status for loan repayment.
If the loan is completely repaid by the end of 2025, NVT can buy back CMGO’s profit share for a one-time payment of $4.8 million.
If the loan is not repaid by the end of 2025, NVT will convert remaining debt into equity in its partner company, North Jersey Petroleum Operations, which owns 17 percent of the joint venture.
About CMG Holdings Group, Inc.
CMG Holdings Group, Inc. (https://www.cmgholdingsinc.com/) 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, including 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 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:
Paul Knopick
E&E Communications
940.262.3584
pknopick@eandecommunications.com
New Tweet: $CMGO Sorry about the delay had to check something out with lawyers, should be out shortly, thanks.
New Tweet: $CMGO We will be putting out a PR pertaining to our oil deal(in the next 30 minutes or sooner), please check it out it will be most informative.
He already explained this....here.....
CMG Holdings Group Inc. (CMGO)
@CMGONews
·
21h
$CMGO I've had a few people reach out to me about OTC not updating our statical data on the OTC website.
Our transfer agent was recently bought out, I reached out to the new agent and they have submitted the data to OTC and assure me the new data will be updated shortly, thanks
I'd rather him work the oil tech business than him on the phone with TA begging them to respond to OTC markets. He did what he had to do with it.
The TA sold the agency to the new TA, so they are probably catching up, management has nothing to do with it.
OTC markets updates the SS, that's what they do, and the SS is exactly the same as it's always been.
Last time I checked there is not a magic wand the CEO can wave and poof, the PPS skyrockets.
Looks like the CEO made a deal to take care of the lenders note like he always does. Nice job.
Continued: In working through the final particulars of our contractual agreement it has been agreed that the loan from the commercial lender assigned to the parent company shall be treated as preferred debt and will be repaid with first available revenue. It is anticipated to be available
CMG Holdings Group Inc. (CMGO)
@CMGONews
·
1m
in the early spring which will coincide with the due date on the notes payable. This has been a major negotiating issue and has now been settled. CMG is well aware that this loan/investment has taken quite a bit of time and the completion date has been pushed back a few times.
CMG Holdings Group Inc. (CMGO)
@CMGONews
·
2m
When you are dealing with radical new technologies it is not highly unusual for these delays to occur. CMG is more bullish on this technology than the first day we started on this deal. We believe shareholders will fully agree in the very near future. HAPPY HOLIDAYS!!
New Tweet CMGO: CMG Holdings Group Inc. (CMGO)
@CMGONews
·
37s
$CMGO I know we have been very quiet about our investment in the oil business recently. As previously mentioned there is ongoing litigation involving the parent company in which CMG is not involved. CMG believes the issue will be resolved early next year.
Not really.
You don't lose clients when they were already stolen...you know this..everyone knows the history. Can't change it or revise it no matter what the spin is.
Joe Wagner and Ennis, after being threatened to being exposed for their actions, packed up and ran away, in addition to returning all of the stock he stole....ah, the old days...!
Shadow of it's former self...lmao....you mean Ennis' management...stealing with both hands. Or, Wagner, stealing enough to have to settle a lawsuit to Glenn for 3 million. Your right, they were running a great shop.
#OldSpin
#AllTheRealShareholdersKnowTheRealStory
First of all, if you actually own shares, then you can actually sell them for a profit when the PPS runs. It has done so many times over the past 10 years, and if one was an astute trader, one would be way up in profits over the years.
Second, after setting up a new unit in a new terminal you must run new tests, internally and externally, even if you have run them before.
This is not hard to understand for any rational mind.
When they start running tests on the oil tech and it proves out, I think we will see a ton of interest.
Nice XA/CMGO news: https://www.globenewswire.com/news-release/2022/11/15/2556578/0/en/CMG-Holdings-Announces-Major-Revenue-Increases-for-XA-The-Experiential-Agency.html
____________________________________________________________
CMG Holdings Announces Major Revenue Increases for XA, The Experiential Agency
November 15, 2022 12:51 ET | Source: CMG Holding Group, Inc.
...
CHICAGO, IL, Nov. 15, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- CMG Holdings Group, Inc. (OTC: CMGO) today announced that in the third quarter of 2022, ending on September 30, XA, The Experiential Agency (http://www.experientialagency.com), a wholly owned subsidiary, increased revenues to $911,206, up from $567,626 in the year’s second quarter and $407,929 in 2022’s first quarter.
Major projects conducted by XA in the third quarter included Herschel Supply Company and Madewell.
XA’s net income for the third quarter totaled $245,822. “We are very pleased by the continuing success of our wholly owned subsidiary,” said Glenn Laken, CMG Holdings CEO.
The entire 10Q, filed today, is available at SEC.gov.
Mr. Laken also emphasized that the Magnetic Vacuum Upgrading (MVU) technology, in which CMGO has invested, which increases the value and quality of low-grade petroleum by removing impurities, is the most important project in the Company’s history and the Company will update shareholders as news dictates.
About CMG Holdings Group, Inc.
CMG Holdings Group, Inc. (https://www.cmgholdingsinc.com/) 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, including 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 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:
Paul Knopick
E&E Communications
940.262.3584
pknopick@eandecommunications.com
Oh yeah, thanks for reminding me. I'm pretty certain that anyone following this company understands that when the CEO posted about the best quarter yet, he was discussing when it was under his management. Not the previous crooks. Lol.
I remember those revenue's as well, and while they were bringing in 10Million, they were losing 1 million because they were crooks and stealing from the shareholders.
Then Glenn went in there and nailed them in court and recovered millions for CMG shareholders. Awesome stuff. Thanks.