Momentous Entertainment Group (fka MMEG)

[RockRoll]

About 2weeks ago, I knew the Float amount was wrong on the OTC website ... just by the way it traded and the number of investors here on this board alone, who own shares. Even the OS didn't match the amount stated in the Company's Annual Report - 450mil shares opposed to 671mil shares.
After my post [#32515] on 4/27, I emailed the transfer Agent (Action Stock Transfer Corp) to get an accurate figure and they replied:
"It is our policy not to release share structure information to shareholders. Please contact the Company."

So I emailed MMEG's IR re: the numbers showing on the OTC website (OS & float) and my referral by Action Transfer to them - the Company. Thankfully, the OTC website got updated and the float is what I expected, considering the 671mil OS. The dilution is a result of helping MMEG with it's recent (and ongoing!) acquisitions.
Again, I agree with Marxbys' comment in post #32479:

This is actually good news for MMEG shareholders. I read it the day the 10K came out and was glad to see that our management team cares enough about its shareholders to put it in the report. It basically says that they are not going to spend money that they don't have and risk putting the company in debt. Good thing for that!
They are using stock as payment for acquisitions and services and sure, that's going to cause some liquidity. However, the good side to that is that people and companies are accepting it knowing full well that the MMEG stock they now have is sure to increase substantially in value or else they wouldn't have accepted it as payment.

I'm glad the numbers were updated, so we know what amount we're dealing with. One has to be a Long investing here! In time, when all the different companies acquired are put under one umbrella, and synergize & compliment each other -- then (as many of us believe) it should be reflected in the REVS in future 10-Qs. In the future, if the REVs grow, the Company could buyback a portion of the OS, and retire those shares -- I've seen that done before. Sort of a "thank you" to shareholders who [in a big way] helped to finance these acquisitions. Still, a high risk investment; but with some DD, a picture of the potential here can be formed.

IMO, my earlier assessment may be correct; the board here alone holds about a quarter of the 625mil share float. I am a long, with fingers-crossed, holding a little over 10% of the float. In sub-pennyland here, I either become a bagholder or [God willing] retire early!