Thursday, December 14, 2017 12:43:48 PM
Yes, we are somehow dependent of a lawsuit result, but I’m confident that we (CMGO) will succeed in this process.
Now as for the money coming back in CMGO, and those who are concerned as to where will the money go, here is a bit of info
1. CMGO, not Glenn, will received the money from the lawsuit. (After the law firm’s taking it share as per contract, which is, to my knowledge, not made public yet. Should be around 33 to 50% of gain).
2. Glen is entitled to his salary and to reimbursement of expenses incurred over the past years.
3. The money left will then become part of CMGO valuation, along with GMER shares and XA.
4. If my recollection is correct, Glenn is entitled to a 50 MM share-option at 0.015 each which if executed would bring the AS close to 500 MM.
So for every 10 MM gain from the lawsuit, approximately 5-7 millions will be banked by CMGO which would represent a valuation of 0.01-0.014 per shares based on fully diluted share counts
So,
for 20MM received; 0.02-0.028
For 30MM, 0.03-0.042
For 40MM, 0.04-0.056
For 50MM, 0.05-0.070
Then I am sure Glenn would convert his option for the 50MM shares at 0.015, giving him the benefit he deserve
And yeah, everyone invested would also benefit
So is the current PPS representative?
It depends if you believe or not.... in the lawsuit.
Again I am not planning to sell my shares, so you know where I stand
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