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I don’t think Doc was saying that. When I called them, that was just one reason they gave....to which doc said was an absurd reason to prevent a company to post.
https://www.otcmarkets.com/stock/CMGO/disclosure - here is the page where financials will be uploaded once CMGO is approved to upload.
Decided to do a bit of investigating and I called OTC Markets.
Here is a list of some of the answers I received:
-OTC Markets can not give out any information regarding pending files or any information on a company that isn't publicly shown on their website.
-Once disclosures are uploaded, they are automatically shown on the disclosures page of the company. So - zero days delay on that.
-However! There can be multiple reasons that a company may not be able to upload their financials immediately. I was told without knowing the specifics of the company, they would not be able to give me an exact answer. But some reasons could be that they haven't updated financials in a long time, or they hadn't paid OTC markets.
-Although the financials will be posted as soon as they are approved to upload, the stop sign will take several business days to remove depending on how many financials they have to go through - in this case, it will probably take about a week or more for the stop sign to be removed since there are so many files to verify.
*****With all of that being said, it seems like the issue here is that there is some reason/reasons, that CMGO was not able to upload documents. It seems like this shouldn't be a big issue and hopefully it gets resolved shortly.
Typically, once all financials are accepted by them, OTC Markets will remove the stop sign. Should happen at the same time that they accept the financials - which would show them alternate reporting current.
That tweet was not the latest tweet. He followed up with everyone on Monday saying the ball is in OTC markets court and out of their hands at this point. He expected a couple more days. So highly doubtful today and I don't see it happening tomorrow either. Hopefully Thursday or Friday, although I would love tomorrow too!
Impressive volume in the first 30 minutes - 3.5 million shares.
The logic behind some of these posts is flawless haha.
Great start to the morning. Ask super thin!
Not really. TheCEO has been keeping everyone informed. OTC markets is where the delay is at. All paperwork and financials are with them. NDA is in place til current. CEO said a couple more days.
Load up while you can.
Fine by me. CEO is at least honest unlike some. Gives us a few more days to load up. Also explains the NDA.
Just curious, has anyone tried to personally reach out to Glenn or the company?
Thanks for posting. Im still getting caught up a bit on some of this. I know TedJ also put out some great info. What is the starting date of this agreement? Hopefully thats a clear question - in other words - from what date are we expecting these 60/90/120 day milestones to happen?
50/50 chance of release today. And of course he knows that.
He was abundantly clear Monday was always a hopeful date....or a 50/50 chance. Not sure how thats a firm date. If this week goes by and financials are still out, then maybe get worried.
This is Ihub 101 haha. Get everyone to believe something is coming on a specific date, whether it’s true or not. Once that date passes, people pile on to act like the sky is falling hoping to get amateurs to sell and they in turn get cheap shares.
The settlement is still coming and the CEO is keeping everyone in the loop. Not worried here.
Please quote or send me a link where the actual CEO said 100% April 1st.
It was a strong 10k. A rare profitable company in the OTC. Still no interest though. I think it will take some major progress on one of their three big projects and more marketing to really get this going.
They have stopped the run cold since last week. Been hiding a huge position with their 10k ask for many days now. Been slowly walking their ask down over that time.
ASK is very thin indeed!
Thanks for keeping me entertained this weekend everyone! The chatter was nonstop haha.
Took a position here on Friday and excited to see where this goes. I agree with most here....the downside is pretty small, while the potential seems huge. Seems a good when the worst that can happen is losing a few thousand and the potential gain is tens of thousands!
I also agree with some of your sentiment. The news is coming, it may not be today, but its clearly coming. Seems to be out of the CEOs hand at this point, so we might as well be happy the shares are still cheap before the news lands.
It’s one of the best tricks in the book for those trying to put doubt in others head on a company. Claim the TA is gagged haha. I remember that nonsense last month.
Indeed....
Haha, very true. The business is progressing well. I suppose I have gotten so used to LIGA coming through that the revenue growth was expected! 2019 should be a transformational year for the company.
Nice growth for 2018. Nothing too crazy or new on the report, but very solid. Basically, what expected: once Brentwood, Panama City, and/or live stor really get going, LIGA should take off. Next milestone seems to be securing financing for the developments at Brentwood. Should be a fun 2019.
Some fun games and MM signaling been going on for way too long. It will be nice to have this run happen soon and take us out of this channel.
Who's the clown that keeps throwing up these million share blocks undercutting all the other asks?
Hopefully “in process” means soon and not in a few months haha.
Definitely.
Well the ARCA 500k block pulled off and they are now all the way at .10. Just WDCO and a smaller block behind them now.
Love to see it, but WDCO is still sitting there with their magical shares at .04 and we have two big walls right behind them. If we can bust through those, we should breakout again.
Nice little closing flurry
Wonder how many hidden shares that shady WDCO has on hand. .04 getting hit consistently this morning. Guess we just keeping hitting it until that garbage MM goes away.
Let’s just take that 5 million bid and slap the ask into penny land haha.
You are right, this day last year for the annual report. Be nice to get that this week!
Usually takes a few months unfortunately. I know we are all eager to get the ball rolling, but these things do take time.
The SEC has to do a better job on those type of scams. It’s absurd. I read the same article earlier. If they were willing to do that once, they obviously have done it before. They should get their books torn apart by the SEC.
Yea, I’m long as well. I think a marketing presence would help the company as a whole, regardless of share price. But I’m sure they will get that going sooner or later.
Not the prettiest Level 2. Some intense gaming going on there with not the best MMs getting involved.
100% agree. That city council meeting video should show any doubters that LIGA is still working hard to get things done. At some point, it might be worthwhile for them to have some marketing team work on a social media presence as that is vital for business in this day and age. It would seem to truly benefit a company like theirs which is bringing some exciting items to the table.