Technically, they did deliver. Tom Nelson "tweeted" that news was going to coming out "next week." A couple of days later, MMEG tweeted: "Updates from Momentous Entertainment coming next week."
This past week an S-8 filing was released. Technically, it is news - so Nelson was right ... and it is an update, so MMEG fulfilled that part.
While waiting for the update, because of the state of affairs here, speculation began. Because MMEG has alot "coals on the fire," many thoughts were posted from finalizing acquisition(s), etc.
Personally, I was hoping they had secured long term financing and were possibly going to finally contain the dilution, fix the SS, etc.
In the S-8, they announced they were going to issue 1.750B shares in a employee benefit plan to incentivize their officers, directors, consultants, employees, etc., to "contribute to the progress of the Company." IMO, to incentivize them, I would have preferred them issue 10% of that at par value .001 - that would then provide a "built-in" incentive.
Tom now tweeted that news is to come out this coming week -- hoping for some good news.
