AI
Thursday, September 24, 2015 9:03:34 AM
$CMGO***8K ASHER BOUGHT OUT...IMMINENT MERGER/ACQ NEWS PER COMPANY
ITEM 8.01 OTHER EVENTS.
CMG Holdings Group, Inc. ("CMG") is pleased to report the debt securities owned by KBM Worldwide (Asher) and its affiliates have been bought by pension funds, and are now in the hands of investors whose interests are aligned with the Company. Additionally, CMG has secured a 30-day option on its remaining toxic debt stating, "we expect to place the remaining debt in similar hands, and by so doing, pave the way for the company to move back into growth mode, which we expect to include strategic mergers and acquisitions, spin-outs, and other shareholder friendly activities." Management expects to make informational disclosures concerning these activities in the near future.
http://archive.fast-edgar.com//20150923/AS22322CL222W24Z282M2MX2SQ9PC222Z272/
ITEM 8.01 OTHER EVENTS.
CMG Holdings Group, Inc. ("CMG") is pleased to report the debt securities owned by KBM Worldwide (Asher) and its affiliates have been bought by pension funds, and are now in the hands of investors whose interests are aligned with the Company. Additionally, CMG has secured a 30-day option on its remaining toxic debt stating, "we expect to place the remaining debt in similar hands, and by so doing, pave the way for the company to move back into growth mode, which we expect to include strategic mergers and acquisitions, spin-outs, and other shareholder friendly activities." Management expects to make informational disclosures concerning these activities in the near future.
http://archive.fast-edgar.com//20150923/AS22322CL222W24Z282M2MX2SQ9PC222Z272/
Disclaimer: Everything I post is my opinion only and is not to be construed as investment advice. You make your own buy/sell decisions based on your own judgement. I'll sometimes post bearish or bullish remarks. Do not take this as investment advice.
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