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Well more bad news for XA, Coachella threw in the towel for their 2020 concert that was originally delayed till October.
https://www.npr.org/sections/coronavirus-live-updates/2020/06/10/874508129/coachella-festival-canceled-in-2020-says-public-health-commissioner
Wake me up when this ticker runs to .01+.
This has been a rollercoaster ride, but I still believe it’s heading in the right direction.
Good luck to all and stay virus free.
I am still convinced that this stock will ultimately reward the patient investors.
If your going to harp on illegal activity, take a look at the amount of naked shorts.
Sorry, but that’s not true. They were struggling, but they were making a profit which is much more than can be said for most penny stocks.
CMGO is not alone in economic damage done by the pandemic. Given their financial position, this is not the end of the line for the company, they can definitely rebound.
I misstated the revenues as $250k/month, but it is $250k/quarter starting March 2020 until September 2020:
Amount Attorney's
Due Paid Fees
Payment upon execution of the agreement $ 400,000 $ 214,548 $ 185,452
On or before February 8, 2019 $ 100,000 $ 53,650 $ 46,350
On or before June 30, 2019 $ 200,000 $ 148,000 $ 52,000
On or before September 30, 2019 $ 200,000 $ 148,000 $ 52,000
On or before December 31, 2019 $ 200,000 $ 146,496 $ 53,504
On or before March 31, 2020 $ 200,000 $ 148,000 $ 52,000
On or before June 30, 2020 $ 200,000
On or before September 30, 2020 $ 250,000
On or before December 31, 2020 $ 250,000
On or before March 31, 2020 $ 250,000
On or before June 30, 2020 $ 250,000
On or before September 30, 2020 $ 250,000
XA was generating over $1M annual revenues before the pandemic. When a national emergency was declared, it ceased operations.
It will come back, it’s just a matter of time.
Glenn needs to either retool XA to generate revenues in a pandemic or purchase another company that can generate revenues during a lockdown.
I believe you have made an unsupportable statement. There is a business, but it has been harmed by a public emergency.
From my view they have till September 2020 to figure out a revenue stream that will sustain the company.
Their revenues from XA dried up due to the pandemic. This revenue stream is dependent upon returning to normal operations in public without restrictions. That does not appear to be probable until 2021.
So, here we are, the company is getting $250k/month until September.
I believe that Glenn has two viable options:
1. Get XA back to work and broaden their target market. They should consider company/product promotions over the internet or other media such as TV or radio.
2. Investigate investment options to develop an additional revenue stream.
Glenn still has a chance to turn this into an investors darling.
Shorts are doing all they can to protect their positions so they don’t have to cover.
However, the facts show this company is generating more revenue than expenses, has become fully reporting with the SEC, and is buying back stock to reduce the total shares out.
This is a rarity for Pink Sheet companies and is a very attractive buy than has the potential to generate investor gains.
All we need is enough buying pressure to make the PPS go up.
How about posting ANY evidence to support your claim.
The breakout is long overdue. Go #CMGO.
I hope you know that your comments may be scaring off new investors that could help us break the shorting efforts.
Knowing that the nation is slowly reopening for business, you would think that business promotion services provided by XA would be in high demand in the coming months.
Add that to the financial status of the company and this stock is very attractive to a medium to long range investor.
Also, I’m hoping that Glenn sees this as a good time to expand the business. Another profitable fund stream would definitely push it higher.
I’m not sure who is selling, but I suspect it’s the same people or person that’s been sabotaging the PPS of the stock for the last year. Maybe a sell off from the shorts is a good thing and maybe it will start following the market rules that every other stock follows.
How about providing any evidence to support your claims.
I hear you, but I think your decision to sell was short sighted and you’ll miss out on the real run that has yet to happen.
“After years of being an Alternative Reporting Company, we have audited our financials and are now Fully-Reporting with the SEC. I believe this will provide transparency for investors and ultimately improve CMGO's share price.”
I certainly hope so. CMGO has so far survived one of the worst economic tsunamis since the Great Depression and has a bright future as soon as the nation goes back to work.
You will be hard pressed to find a better long term investment in the pink sheet category.
A company that is making a profit, fully reporting, completing an audit, and has a plan for moving forward.
With the news of JCrew bankruptcy, it looks like COVID-19 is claiming more victims.
Hoping that Glen is reading the signals to diversify the company’s investments.
We need an income stream that produces cash in a bear market.
I agree with you, however before COVID-19 hit, the company appeared to be on a clear path forward with fresh contracts for company/product promotions and a share buyback that was changing the share structure.
I’m still bullish on CMGO and hoping the Glenn ceases the moment to move the company forward and increase shareholder value.
Soon this COVID-19 dark cloud will start to lift. When it does, this company will find its niche and roll.
Anyone heard from Glenn?
Good luck to you. Hopefully for us all the economy bounces back after the all clear is sounded from the Coronavirus.
The President’s address yesterday changed calculus on this stock and the entire stock market.
We’re now looking at a 5-6 month recovery. So I have a choice to take a 40% loss or stay with it in hopes of a recovery.
I think I will wait this out and buy more if some of my fellow investors choose to take a loss.
This stock has tremendous potential, I just hope that Glenn continues preparing the ticker for the OB and beyond. I am convinced I will make a profit on this, I just have to ride out the storm.
Stay safe and look out for your family and friends.
So the Coronavirus events are going to impact XA’s marketing events. The question is whether XA is agile enough to adapt to the changing environment?
My guess is that the virus will start to settle down as the weather gets warmer and this will prove to be a 1-2 month set back. That could prove to be significant for the short term, but just a bump in the road in the long term.
So I believe that selling right now at a loss is a mistake.
Hang in there, I believe we can be successful and see PPS in positive territory.
I would not count them out quite yet. It’s not over till the fat lady sings. She’s just taking a while to get to the podium.
Don’t but high and sell low. Ride this temporary crises out and put the equation back into balance. Buy low and sell high. ; GLTA.
This presents a unique opportunity to make money in the market.
Those shorting and making fractions of pennies on the dollar could be killing it with riding this one to silver.
Can you backup any part of that claim with a rational explanation?
Thank you!
Who on the board has first hand knowledge of the company and its operations?
If so I would like to hear from you.
Specifically, how many employees, first hand witnesses of company operations.
What would a 20M share purchase do to the stock price?
I’m not sure I understand the context of your accusation that it’s a scam?
Can you please explain?
Cries of "Manipulation" are right up there with cries of "Wolf!"
Please explain how a company on the Pink Sheets that is reporting a profit, has no dilution, and has a solid business that is growing market share, and has announced intentions to become fully reporting can still be valued under $0.01.
If this is not manipulation, then what is it?
Someone is clearly dumping shares and trying to buy them back at a lower price. Well, good luck with that. I think you might just miss the train when the stock starts its run.
None of this makes sense. These people are obviously smart. They are making peanuts on their shorting. If they used the same knowledge to increase the PPS they would make a lot of money.