Momentous Entertainment Group (fka MMEG)

[darkhorseinvestor]

Agreed. IMO good news here.


Momentous Entertainment Group, Inc., (hereafter, the “Registrant” or the “Company”) has adopted its 2017 Non-Statutory Stock Option Plan (hereinafter referred to as the “Plan”), the nature and purpose of which is to compensate the Company’s officers, directors, employees, and consultants (hereafter, collectively, “Participants” or individually a “Participant”) for services rendered to the Company and to generate an increased incentive to contribute to the progress of the Company.

Basically, the Company’s officers, directors, employees, and consultants can now receive stock options. As mentioned, this will increase their incentive to ensure that the company does well. This is a step in the direction of becoming more corporatized for $MMEG. No where in the PR does it say that they are issuing more shares. The shares will come from the recent A/S increase, but will not affect the OS, as the employees will be holding their shares. If there was an increase to the A/S then we'd expect to see it reflected on the NVSOS.GOV site, but it is not, as you can see: http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=Hl5NakkHa2WAYIQE7gyj2A%253d%253d&CorpName=MOMENTOUS+ENTERTAINMENT+GROUP+INC

Over all, good news here today, maybe not the news we wanted or expected, but we are making steps in the right direction IMO. More analysis to come later, as there is a lot to digest with this PR just like Fox predicted.

$MMEG