Momentous Entertainment Group (fka MMEG)

[RockRoll]

Well, in the absence of information from the Company, we can only speculate (guess) what's happening. This is my guess (pure speculation):

As we are [painfully] aware, MMEG used dilution for their acquisitions. The Company's ambitious plans looked good, and volume & accumulation was high. Billions of shares were bought by longs, flippers, etc. And the A/S was raised, and it seemed like a monthly affair --- but the volume supported it. We, the investors, were financing MMEG's plans. However, the last A/S raise to close to 25bil(!) shares was basically a "punch in the gut" to shareholders. Obviously as we saw, volume started dropping, to now where it is anemic. So here we are, about 25Bil A/S and 10.9ish-Bil O/S.
I had hoped when things turned around with rev/profits, MMEG would buyback shares and get us down to 8bil O/S ... and I was prepared for a 10/1 reverse split to about 800mil O/S. That would make MMEG very attractive on paper (assuming revs/profits continued improving) for a "bigger" dog. But, as the last month progressed, my hope of the above game plan was evaporating.

Recently, Suzanne McCain's name has been associated with MMEG. As samsam noted, on McCain's facebook page, dated Oct 15:
"Working on disclosure content for a 506 (c) raise for a public company expanding through M & A."
https://www.facebook.com/SuzanneEliseMcCain

Coincidence? Could be MMEG? Maybe not, we'll see. But, IMO, if a company is trying to raise capital/funding via a 506(c), that company is going to be reviewed. And on paper, 850mil AS and approx. 650-700mil O/S looks better than 24.95Bil AS and 10.9Bil O/S.

I don't know, hopefully it works out, but it feels like an elbow to the jaw followed up that punch in the gut.

Just a wild presumption on my part.