Momentous Entertainment Group (fka MMEG)

[RockRoll]

I certainly hope the next Audio Investor Update will be a good one ... and longer than the last one. The audio update in late Aug was a little over 7 1/2 mins, and close to half of that time was their "Safe Harbor" statement. We may possibly see it this week.

It's too bad about the Blackfox deal, but I think someone here nailed it (can't remember who it was, maybe gastric?) the heavy dilution pushed the PPS to .0001 and Blackfox's CEO didn't want to sell his company for shares, since the value of that currency has dropped to a no bid .0001.
But, the deal was made, I believe the contract was signed because the agreed upon cash portion of $1.5mil had already been transferred, and now he doesn't want to "turnover the keys."
Unless the 2 CEOs come to an understanding, this will go to court - with 2 possible outcomes: either Blackfox is found to be "in breach of contract" and deal goes through as originally planned, or Blackfox knows they're in breach, but a deal is done where the 1.5mil is returned, plus interest, plus penalty.

Just speculating, but I believe MMEG is leaning towards the latter - since a court case is going to take a lot of time -- and they want their capital (plus extra) back now. Which is how, I'm guessing, Suzanne McCain fits. They may lose their ecommerce advertising marketing "in" with Blackfox, but [coincidently] that is McCain's background . . . building ecommerce marketing & advertising for companies http://themccainagency.com. IMO, since a deal for acquiring the "turn key" ecommerce business of Blackfox is falling through, perhaps MMEG is going to organically create their own? And I'd venture it's going to cost a whole lot less than $1.5mil and billions of shares.

Now the $64 question ... when MMEG gets that money back, what's their plan?

Holding my frustrations in check & my shares tight.