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Great call on WYNN JB !! Thanks
People buys stocks when they think its is going higher. If we reach 10c and there is a reason to think it will go higher then there will be an interest from buyers and not all holders will be selling, at least not all shares they own.
He also sounds eager to share the settlement numbers. I guess they are good.
This is a vital piece of information. So NDA is there till company is reporting. That's great news. We could be reporting in a few days per Glenn.
Free advice - don't wait for it to hit $2 , sell at $1.95 and thank me later
Two things tell me that the settlement amount is not as small as some here think or pretend to think -
1. Glenn paid off all the debts right away. You do that only when you have a big chunk of cash, so even after the pay off you have enough left for your future plans of company business development. If the amount was not big enough he would not paid it off - instead tried to keep some cash available by refinancing the debt.
2. New office in the heart on NYC - one of the most expensive real estates in the city.
GLTA
My guess is - he wants to release an official filing indicating certain financial standings of the company including the cash position ( or so we hope). This filing would give us an idea of how much the settlement amount was for.
Why not PR ? Official filing registered with OTC is better than just a PR. Be patient , we'll get there. GLTA
Bottom line is - company got the settlement money. The amount of this settlement does not in any way depend on when the filings get released.
Peeps , don't lets them steal your shares. Nothing changed about the company. Just a short delay,l. Filings can hit any minute.
Who is bailing ? WHo is everyone ? I am not bailing. I don't see anyone bailing. Up 20 % today .
He submitted all the documents to the OTC last week , read his tweets. The delay is on their end.
so 80 million and stock jumping to 15c will get you disappointed ? interesting
Doc, I was only saying that Glenn will not risk his money or company's money by violating NDA in hopes that this violation somehow will not get punished. That's ridiculous to assume. Why would he do that ? To give his investors a settlement number ? He will do it sooner or later via reported financials.
How long we'll have to wait for them ? It all depends on NDA's specifics. NDA could have a time limit after which Glenn can openly state the whole thing in PR.
We just don't know.
Get patient people. We had a settlement! We waited years ( at least some of us did ) . Don't freak out over another few days of waiting. Glenn told you the reason for it.
That's not what I am saying.
So why would he risk this? Lol. To give his investors news 2-3 days before they come out anyway?
I wish. Does not work that way in a court of law. Glenn signed NDA. If he violates it he is in legal trouble, the whole deal could be in trouble along with the settlement money.
he is under NDA
Good luck to all who hold shares next week. Let's hope we hear some good settlement numbers and let's hope we don't get any bad surprises.
One thing to understand is if we don't get a filling tomorrow that would mean a delay on OTC part, nothing else . Don't panic. Don't listen to those who will use the scare tactics to make a big deal out of it. We know Glenn filed and that's what counts.
So far he is moving the office to one of the most expensive real estate places in NYC. That could be a sign of how much money he has at hid disposal.
That was the post of the day. I liked the part "this has a potential especially if they get 100MM." You think?
I use Etrade mobile and it shows .0202 as last price. ah who cares...
we know Doc, but my account looks much better this way :)
When the settlement was first announced someone leaked 42.5 mil number, then 10 minutes later it was rebuked as a hoax. It will be interesting if that numbers turns out to be correct.
yes, Etrade also shows closing price of .0202 LOL
Good guess man !
I see some hedged their bets for monday a bit. Can't blame them, but hedging should have been done before lunch not before close. We knew news would not come out today. I guess people were hoping for a late surge .
last minute Gold rush
Shazbat,
I understand your theory, seen it here twice, and I like it a lot. It definitely holds water. But it is still a theory !
I am just saying that to agree to sign this NDA Glenn could possible got some extra $$$, because NDA is not a necessary part of any settlement and plaintiffs did not need NDA, so it came from the defendants.
Best of luck
Mantis
Doc, Glenn said he submitted everything to OTC days ago and it is in their , he can't guarantee it will come out on Monday.
I don't really care - Monday , Tuesday , Wednesday. who cares, as long as the number is published and it is biiiiiiiiiig
Really ? At this point I don't really care about the results of the operations. Glenn mentioned some numbers, they are in still small. The current value for the stock can be only in the settlement money.
Let's hope ! I am constantly juggling these two point in my head -
- did defendants even have at least a quarter of the sum Glenn was suing for, like 50 mil ?
- if they did not then Glenn would not be suing for this much, I am sure he had an idea of how much they can pay
Let's hope some big whale was behind this settlement and paid for the outcome.
If I am sued and I have to choose between paying 100 milion and going to jail I will not have much of a choice. LOL
From March 5th PR ....Now that the matter against Hudson Gray has been settled, CMG is preparing to report again with a target date of April 1, 2019. When reporting commences, the particulars of the settlement with the Hudson defendants will be disclosed as appropriate
NDA can't possibly prevent him from stating the cash position of CMGO on the filings. If he files quarterly or annual reports they must contain cash assets.
Another point i have voiced here last month is this:
What can possibly make Glenn sign an NDA? He does not have to sign it unless there is an incentive is there for him. My suspicion he got extra settlement money for this NDA.
Let me give you my thought-out prediction. Keep in mind I spent less than 5 seconds thinking about it. LOL
I think most people now understand that the settlement amount PR is coming Monday or Tuesday ( per Glenn's tweet) and if anyone wants to put more money into CMGO they would try to do it today before close. Monday could bring news and a higher open ( or much higher open ).
The downside risk is small IMO, it all boils down to a possibility of a smaller settlement amount. At the current price level the settlement amount of about 15 mil is priced in. Anything smaller and we slide down, but even at 10 mil we should be hanging around 1c .
In my minds risk/reward ratio is very favorable. I'd say huge. In Trump's word - Uuuge !
To summarize - we close at 4 pm. LOL
I have been following Stervc for a few years. He went to other plays and have not posted here for 2 weeks. I know this does not mean he exited, but I sent him a PM and he has not responded, not that he always does. He is a great source of information, always goes for a deep DD and than simply posts it, never argues with people
LOL. There are two reasons I can think of -
The RM is real but will take more time to get announced officially. (I root for this one )
The RM is not real ( not sure how - falsified docs, scam, CEO will say they changed their mind, we all have seen a lot of different scams fall apart with different bogus explanations. That would suck for everyone here and me too)
Hopefully we get some dinero out of this stock. I was in for a bit - 4 mil @.0038. Now holding 2 mil of free shares . Still think the story is hardly believable but who knows , let's play and see.
Link, you are really here 24/7! wow ! you are an ironman ! LOL
Glenn can tweet whatever he feels like sharing. Twitter has been approved by SEC years ago to be a legit media stream for releasing public information from CEOs to the investors. Musk and Cook and Zuckerberg have been doing it for years, in a lot of cases even pre announcing their twitter releases.
I am not sure how being 'not curren't changes it, Don't know.
And of course he is still under NDA which may be preventing him from releasing some content.