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I love Bobby Dale...
Don't we know it...ouch! :)
$MMEG
Took me a minute to get it, Fekets, lol, "block". You're welcome and you know I love MMEG and the Island Babies. :)
We didn't properly welcome you aboard, jhnvtjll, so welcome aboard! :)
$MMEG
Vert Capital brokered acquisitions for MMEG, SPCL and PKGM. The Poolworks deal was brokered by Vert for Momentous. Adam Levin of Vert is at the healm appearing to be building something big.
Bought for Poolworks, too, as did many others. Everything else is icing. The end of 2018 will be very interesting here at Momentous!
$MMEG
LOL! No doubt on the monkey! I am now calling it Revenge of StudiVZ.
Facebook created some bad karma years ago suing StudiVZ after they refused to sell to Facebook, when Facebook tried to buy them.
Oh the irony of Facebook being sued now by the German govermnent...and in the same district court our Poolworks is being restructured in, in Berlin.
Hope they really let Facebook have it!
$MMEG
Since the DD has no value to you...
it's a good thing I'm the one doing it and not you.
$MMEG!
Momentous owns Poolworks and the social media networks MeinVZ and StudiVZ, often referred to in Germany as "the VZ networks".
They are available in Germany, Austria and Switzerland. The social media networks are being relaunched this fall with a new platform to also include Blockchain.
The article is quite significant because Facebook's legal problems in Germany will have a positive effect on the VZ networks.
The other sticky is the news from Monday. Insofar as the Germany sticky, we own the German social media networks.
I stickied the news from Monday.
Yes and Dale Jr alone is worth 400 million bucks. He just retired. Bobby Dale will be the next superstar. Cha ching!
$MMEG
Yes and then in the fall the Poolworks relaunch happens according to the article I posted. I thought it might be June but the writer of the article must have spoken to someone at Poolworks and gotten updated information. The online publication the writer works for is based in Munich and Poolworks is based in Berlin so obviously the writer spoke with someone at Poolworks.
Momentous is getting involved in Blockchain as well according to the article. Someone must have leaked this information at Poolworks.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139583230
Very happy about all of it and the timing is great considering the hot water Facebook is in in Germany. Germans take their personal privacy very, very seriously and Facebook is in violation as the German government recently filed lawsuits against Facebook.
In addition, we still have the Bobby Dale show, the Dennis Gile show, the new Ignis Studios launching 3 new games this quarter and 20 to 30 games over the next 3 years, Chimera games, Skin Scientific, and the new Nutritional supplements company.
Good things coming. I suspect multiple news will be coming throughout 2018.
$MMEG
Couldn't agree with you more. The timing is perfect.
Thank you. I also suspect the person who wrote the article spoke to someone at Poolworks and got this inside information about Blockchain. Chip Online is located in Munich. Poolworks in Berlin. Someone knows something. I think good things are coming. :)
$MMEG
The interesting thing Watchful, is the Blockchain reference. Now, my only question is, is Momentous, on their own, getting involved in Blockchain, OR is this somehow connected to the other Vert...you know who I mean! We have all speculated for a long time about the Vert connections and what will evolve. Well time will tell. 2018 will be a very interesting year here.
$MMEG.
GREAT NEWS TODAY IN GERMANY ABOUT POOLWORKS:
Well Island Babies, IT LOOKS LIKE I WAS RIGHT about the blowback AND fallout from the Facebook privacy violations in Germany (and currently other countries).
I have been saying that with all the trouble with the German government Facebook is having, that some will go back to MeinVZ and StudiVz and this appears to be something that is going to happen.
Everyone will be happy to know that our social media networks, MeinVZ and StudiVz look like they are going to have a resurgence. I can't wait until the restructuring is done and the relaunch happens with the new platform (which the Poolworks staff said back in September was nearly complete). Just a matter of time.
Read the following article which just came out TODAY in Germany. I have provided the translated text. Enjoy! I am VERY excited about this as I have always thought our social media networks would make a come back.
ALSO NOTE THE REFERENCE to the Poolworks networks being involved in BLOCKCHAIN!!!!
Stay tuned.
Facebook costs nerves and privacy: We check whether StudiVZ is a real alternative
27.03.2018, 09:22 | BY THOMAS MOSSBURGER
StudiVZ as a Facebook alternative?
This is what the paid WhatsApp looks like:
Fake news annoyance, ubiquitous hate speech and indignation and data holes are causing more and more problems for Facebook. Users want to turn their back on the network. But are there alternatives? We looked at an old acquaintance: StudiVZ.
Just over ten years after many users of StudiVZ and other German networks switched to the US top dog, Facebook now has big problems: Hetzer and populists spread fake news, data are unsolicited tapped and used for political influence, many users are annoyed by the constant self-expression and Clickbait articles.
Reason enough for us at CHIP to check it out: Why do not we all simply switch back to Studi or MeinVZ?
The advantages:
Less self-expression, as there are no like or share buttons.
Newsfeed only with photos, texts and links without preview headlines and images: Clickbait and Fake News have a harder time because users need to click on the links and not just read headlines. The usual "I've read on Facebook" is not possible.
Postings are only shown to friends and disappear again. Hate, fakes and bullshit can hardly go viral.
The basic functions such as sharing photos, sending messages and inviting events are easily possible.
The groups provide opportunities for exchange among like-minded people. The funny group names in each user profile provide a nice alternative to sharing and tagging on memes.
Tidy profile pages with funny profile queries that the user has under his own control.
The servers of the VZ networks are located in Germany and are therefore subject to German data protection regulations.
Many users from earlier are still logged in and only need to update their profiles. Around 150,000 people currently use the VZ networks per month, as the company told CHIP.
The disadvantages:
No mobile offer. There is neither an app nor a mobile optimized website. However, according to CHIP information, StudiVZ is planning a major relaunch in 2018, including new technologies such as Blockchain.
International friends from semester abroad or holidays you will not find in this German network.
The conclusion:
Until the announced big relaunch with a convincing app, the networks will have a hard time. On the other hand, the VZ networks are currently with their fresh technology actually better Facebook - without data gathering anger, indignation and hounding in postings and comments, overheated media reports and other links, but with groups and everything you really need from a network: share photos and Send birthday invitations. And that with servers in Germany. More benefits, less nerves. Whether a comeback succeeds must show the autumn of 2018.
You can find more information about this topic in the video above.
http://www.chip.de/news/Facebook-kostet-Nerven-und-Privatsphaere-Wir-checken-ob-StudiVZ-eine-echte-Alternative-ist_136589756.html
Bobby Dale has updated his website based on his latest Facebook post:
https://www.facebook.com/BobbyDaleEarnhardt1/
Bobby Dale's website:
http://earnhardtshearerracing.com/
You're welcome. Yeah I like it, too. :)
$$MMEG
Not to mention Ignis Studios with their 13 game developers and plans to launch 20 new games over the next 2 years. I love Hoplite Hero.
MMEG
Not sure when we'll get about update on Poolworks since the proceedings are still ongoing in Berlin and are closed. Kurt may not wish to, or be legally able to, discuss it until everything is finally settled. In a way I can't blame him if he stays quiet about it, since the process is ongoing. He may not want to say something that he later would have to rescind, if you know what I mean.
One thing to keep in mind, and this is just my opinion, but the acquisition of more revenue-generating companies could be very positive for the restructuring of Poolworks in the eyes of the Berlin court and the creditors. It could represent good faith in terms of negotiating a new creditor settlement that satisfied all parties.
I am very much looking forward to an update, whenever it happens, about the Poolworks relaunch. I do hope it still happens, but I'm not sure we're going to know the final outcome for awhile, or until it's all finalized in the German court.
Zuckerberg and Facebook continue to be in very hot water not only in Germany, but also other countries with their breech of privacy problems. You never know, but it could give a boost to MeinVZ and StudiVZ.
Just my opinion.
I believe Kurt may have been talking about Blackfox and Neurofuse. We haven't heard a thing about whatever happened with Blackfox and Neurofuse.
Poolworks is still in play I believe. It is in the process of restructuring. We won't know the outcome until the restructuring is done. Not sure what's happening yet, and don't think we'll find out until May or June.
The proceedings in Germany are closed according to my communication with Jesko Stark, the Restructuring Administrator in Berlin. He said in no uncertain terms he was not allowed to divulge anything about the proceedings. Unfortunately I can't get more information out of them because of this.
They ditched Naturally Hemp as an acquisition, but I can't say I'm upset about this with all the confusion in the market and with the government regulations changing constantly. Probably for the best and opens the way for a better acquisition.
Did you sell or are you still holding?
Momentous Entertainment Group Provides Update
March 26, 2018 06:00 ET | Source: Momentous Entertainment Group Inc
Thanks to our Shareholders for Your Support
LAS VEGAS, NEVADA , March 26, 2018 (GLOBE NEWSWIRE) -- Momentous Entertainment Group, Inc. (“Momentous”) (OTCBB: MMEGD), would like to offer its shareholders a long-promised Company update as well as a sincere thank you.
I first would like to say thank you to all shareholders. I know this has been an arduous time over the past few months with no updates on the Company’s filings or progress. Management elected to move into quiet mode while undergoing our regulatory responsibilities with FINRA. Now that this process has been completed, we will begin again to issue updates concerning the activities and progress Momentous is making toward fulfillment of its business plan.
“Last year was certainly full of major changes for the Company,” stated Kurt Neubauer, President and CEO of Momentous. Mr. Neubauer went on to state, “while some projects had not advanced in ways we had hoped for, other projects have exceeded our expectations. Our gaming and skin care assets are producing revenue and have placed Momentous in a position to reach for greater opportunities in those market segments. Our goals in the e-commerce space, while not always on point, have begun to show major promise with the acquisition of Skin Scientific and the recent license agreement for our proprietary and patented supplements product line.”
With that said, I’d like to address the Company’s exciting future. At the end of 2017, Momentous closed on a new ecommerce property, Skin Scientific, LLC. Skin Scientific LLC commenced operations in late 2016 and produced over $5M in revenue in 2017. The Company also executed a purchase contract for a hemp oil company, Naturally Hemp, LLC, but is in the process of rescinding this transaction after Federal Government officials at the DOJ and DEA announced that their position is that Hemp is a Cannabis product. Therefore, Momentous has decided to remove itself from the risk in this product space until the government’s position is clarified. An 8K filing will be forthcoming once a final outcome is realized.
We are also pleased to announce that our Chimera Games’ asset,” The Mob: Rise of the Don” had its most revenue productive day since its MEG launch in early 2017; beating its old daily revenue mark by 17%. Momentous gaming assets will continue to play a vital role in the Company’s expansion going into 2018 and beyond. With the remainder of March to go, here's how our Q1 2018 Chimera numbers are shaping up so far when compared to Q4 of 2017.
New users are up over 100%
Unique users are up over 100%
User engagement & activity is up over 115%
Social Media Revenue is up over 100%
Website Revenue is up over 200%
Top 10% launch count is up over 100%
(the minimum number of times the app was launched by the top 10% of users)
App launches are up over 115%
All in all, a good start for 2018.
Momentous has also placed its music assets, The Greatest Story Ever Sung and Tim Storey Presents Daily Scriptures, on Amazon in late fall to prepare for the Easter season and the 2018 holiday season.
Management also began the process of preparing its newly acquired supplement product line, licensed late last year, by naming and preparing the branding and marketing of those products and expects to have that process well underway by late March.
And if that wasn’t enough, Momentous management has been busy cultivating other acquisition targets by issuing a Letter of Intent to acquire Texas based Ignis Studios, another potential major gaming company. Ignis’s Pro Formas show a potential of $9+ Million in revenues for 2018 and $45 Million for fiscal 2019 respectively.
We want to introduce you to our newly appointed Chief Marketing Officer, Suzanne McCain, who created and launched Momentous Entertainment Group’s new website, which can be viewed by following this link: www.momentousentertainment.com. We also want to introduce you to our recent appointment of Nathan Levine as Chief Technical Officer. Nathan’s efforts have resulted in the stellar financial results for our Chimera game assets provided above.
In addition, Momentous has increased its management base with the appointment of new senior management positions which will be revealed in upcoming press releases.
Finally, let me address changes to our corporate structure. In December 2017, Momentous management filed the required paperwork with FINRA to complete restructuring of the Company’s common stock. It took several months to go through the process, but we were given a date of 03/22/18 for the restructure to go into effect. We will be trading under the symbol MMEGD for approximately one month.
With the restructuring completed, Momentous has embarked on a Regulation D 506(c) investment offering that we be more clearly described in an upcoming corporate press release.
Neubauer continued by stating, “Legendary actor, John Wayne, would have called the Momentous management team, a group with “True Grit”. They have persevered and excelled regardless of the resistance placed on them by outside forces. I am truly proud of the team and the work they have done and continue to accomplish. The tenacity with which they attack every issue and challenge is amazing to observe with only one certainty of outcome; to be successful. An amazing team indeed. Our shareholders seldom get a real glimpse of the true character of a group of leaders like these. And the resilience and support of our shareholders have been nothing short of amazing. Even with the announcement of the reverse split, the positive support we have received has continued to inspire our management team to push harder and reach higher than I considered possible.
Kurt Neubauer, President and CEO of Momentous Entertainment Group, concluded by saying, “Although Momentous management has been quiet over the past several months, exciting things have been happening and there is more to come. In the future, management will begin to publish more consistent news updates as progress is made on all fronts. This is just the beginning of the changes taking Momentous from a caterpillar to a beautiful butterfly we always knew we could become. Together, with your support, and our hard work, we all can benefit from the path Momentous management have established for the Company.”
About Momentous Entertainment Group (MMEG)
Momentous Entertainment Group, Inc. (MMEG) is a social media gaming company, ecommerce products and digital media firm that focuses on providing unique and entertaining experiences for its subscribers and members on a global scale.
The Company’s strategic expansion plans are balanced between accelerating organic growth of its existing media and gaming properties, as well as through the acquisition of profitable and sustainable businesses that are highly complementary and accretive to MMEG’s operations.
Please note the Company may use social media to communicate with the public. This communication may include information that could be deemed material information. As a result, the Company encourages interested parties to review the information that it posts on the following social media channels: Facebook (https://www.facebook.com/MomentousEntertainmentGroup/ ), Twitter (https://twitter.com/momentousent13), and LinkedIn (https://www.linkedin.com/company/15878606).
To learn more, visit Momentous Entertainment Group’s websites:
Products Site www.momentousentertainment.com, Music Site www.momentousmusic.com, and Music One Corp www.music1.biz.
Forward-Looking Statements
This press release may contain forward-looking statements, including information about management’s view of Momentous Entertainment Group Inc’s (MMEG) future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of MMEG to be materially different than those expressed or implied in such statements. These risk factors and others are included from time to time in documents MMEG files with the Securities and Exchange Commission, including but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other unknown or unpredictable factors also could have material adverse effects on MMEG’s future results. The forward-looking statements included in this press release are made only as of the date hereof. MMEG cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, MMEG undertakes no obligation to update these statements after the date of this release, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by MMEG.
Contact:
Tom Nelson
480-326-8577
tenassociates33@gmail.com
https://globenewswire.com/news-release/2018/03/26/1452696/0/en/Momentous-Entertainment-Group-Provides-Update.html
Sounds good to me.
Here's what they have to say on their new website about this. I believe they are well aware of how upset shareholders were and I sense they are attempting to correct this, as well as change the way they have done things in the past.
Let's hope they learned something from what transpired and as they go forward they make different decisions, which it looks like at least they are attempting, in part anyway.
I will be very curious going forward to see how it all plays out, and how they go about financing and paying for the new acquisitions, given what the website now states, (below).
The fact that they are going to continue acquiring revenue-generating companies is a good thing, and the diversity is also good, so if one subsidiary goes downhill, they will have others.
I was also very happy to see they are still producing the Bobby Dale show and Dennis Gile show, as also stated on their new website.
Since we haven't heard anything lately about Poolworks, I suspect and hope the relaunch is still going to happen, but we probably won't see this until maybe June, when the restructuring should be complete, as it was stated by the Berlin court that the process takes generally 8 to 10 months. It's been 7 months already since the first week of September when it started.
As we all know, the OTC is pretty much the Wild West of trading and investing. Everyone will have to decide for themselves what their best course of action is now.
From their new website Investor's Page:
Current Roll Up Strategy
"Momentous Entertainment Group, Inc. is in the process of completing a restructuring of its share capitalization to obtain additional financing to complete several acquisitions the Company has identified. The Company intends to strategically position itself to attract a mid-tier Investment Bank willing to back an aggressive expansion in the digital space. The goal is to acquire enough top line and bottom line revenue to up-list to the New York Stock Exchange Marketplace or NASDAQ and then leverage its stock to pursue larger profitable acquisition targets.
The Company’s roll-up strategy focuses on acquisition of established, cash flow positive companies in the following areas: gaming, subscription based direct to consumer ecommerce products, ad networks, data analytics; with future expansion into Cybersecurity and Artificial Intelligence (AI).
Momentous has identified several private stage growth companies for potential acquisition in the areas of technology, gaming, ecommerce, data analytics and subscription based consumer products in the acquisition range of 1.5 to 4X earnings. It is anticipated that the arbitrage value from a private to public company could be as much as 4X the acquisition price (8x – 16x earnings for technology companies).
The acquisitions are being made in partial cash, stock and seller carry back financing. Momentous looks to acquire companies at the rate of one per quarter over the next two years. Companies are targeted based upon their business strategy, financial performance, and ability to complement and integrate with our current business operations and other target acquisitions.
All aspects of the Company’s business plans require financing to implement. The Company is seeking such financing through various avenues. No assurances can be given as to the likelihood or timing of receiving the necessary financing to implement all or any part of the Company’s business plan."
Corporate Overview & Strategy
"Momentous Entertainment Group (Momentous) is creating a wide moat between themselves and their competitors. Momentous is a media company that operates within four segments of the media industry. These segments included content, distribution, live events and direct marketing. Currently, the content segment has a recording division and a film and television division.
The recording division currently is offering an album to the adult contemporary market entitled the ‘Greatest Story Every Sung’ with music from Roger Clark and Suzanne Olmon and narration of the story of the life of Jesus by Stephen Baldwin. The recording division has also commenced work on a second album project titled, “Crossing – From Here to Eternity” which will be focused on the adult contemporary listening market featuring Suzanne Olmon on vocals.
The film division currently has signed talent contracts with Bobby Dale Earnhardt, Dennis Gile, and the ARCA Truck Series to develop content around the talent and the segment of the sports and entertainment industry in which they make their living.
The distribution segment will focus on the distribution of Momentous content through wholly owned cable, radio, television, and streaming distribution outlets. The live entertainment segment will focus on highlighting Momentous’ contracted artists, their content and the creation of additional content that cost has been cover by the consumers. The marketing segment will directly sell Momentous intellectual property to consumers.
Momentous’ guiding premise is that content is a value creator. Contents value continues to increase even as the distribution markets mutate. Despite the changes in consumption patterns, paid content penetration remains well above 80% of households in the U.S. Even without a paid content subscription, most "cord cutters" still consume media content. OTT offerings such as Netflix and Amazon Prime have created their own content, both services require deep libraries to gain and retain subscribers. Given the ongoing demand for content, Momentous believes content creation is not a zero-sum game, as quality content will always find an outlet and create value for shareholders."
http://www.megcorporate.com/ir/IRIndex.html
Momentous says they are going to acquire one revenue-generating company every quarter. Does that make you happy, Hax?
You're late to the party. We've already seen it! Nothing you can dig up that we haven't seen before...yawn. Many been here a very long time honey.
The reverse split is done--became effective two days ago. The future is now. Lots of major news coming according to Momentous. :)
Looks like the boogie man left this morning, Watchful. :)
Glad to see some of the Island Babies sticking around! Almost like old times. :)
Already happened. Took effect yesterday. We were at .0001 no bid for several months before the RS.
Sweetheart, I make my own decisions in life, as does everyone else on this board. Everyone is responsible for their own actions. Not sure what your agenda here is, but I'm not interested.
You're welcome.
MMEG
I don't know about Ameritrade. I only have Etrade so have no idea what is going on with the other brokers. Are you looking at MMEGD? MMEG is now MMEGD for 30 days following the R/S.
"Every day above ground is a good day", right Tony?
(you still have the best pic on Ihub!)
:)
They say they are getting involved in AI and Cybersecurity in the future. Rather than repeat all this, you can look at my post from yesterday:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139472724
They are also still going to acquire one company a quarter according to their plan.
"The acquisitions are being made in partial cash, stock and seller carry back financing. Momentous looks to acquire companies at the rate of one per quarter over the next two years."
We still have Bobby Dale and Dennis Gile and probably still have Poolworks, but not sure until they update us on Poolworks. Poolworks probably won't relaunch until around June, which is 10 months after the start of the Restructuring in September. According to the Berlin courts, it takes 8 to 10 months to finish.
Holding and waiting to see what else develops. Three new games set to release this quarter from Ignis as well. They actually have quite a few things in the works.
Again, this is information I got off their new website yesterday, on the Investor's page, which I posted yesterday.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139472724
MMEG