Momentous Entertainment Group (fka MMEG)

[DewmBoom]

It may be useful to read this paragraph extracted from a PR by MMEG on September 19, 2017:

"Future Financing and Debt Reduction

Earlier this year Momentous took on short term debt to finance its business acquisitions. As the Company continues to seek additional rollup targets it is also seeking longer term debt solutions to finance them. With the advent of the Company's status change from revenue neutral in previous years to revenue positive currently, management has been seeking financing alternatives that are better reflecting on the balance sheet and cause less aggravation in the open market. Momentous Entertainment Group's current debt obligations have been steadily reducing over the past several months through conversion. Also, within the last week management withdrew an S-1 Registration Statement it had initiated with Southridge Partners last year in a further attempt to reduce dilution. Management is hopeful that the Company will locate and secure long term capital funding needs before the close of 2017. In the meantime, corporate debt will continue to be reduced through current channels."

http://www.marketwired.com/press-release/momentous-entertainment-group-ceo-issues-shareholder-update-pinksheets-mmeg-2234112.htm

Hope this answer your questions.

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