Momentous Entertainment Group (fka MMEG)

[foxtrader]

Here's what they have to say on their new website about this. I believe they are well aware of how upset shareholders were and I sense they are attempting to correct this, as well as change the way they have done things in the past.

Let's hope they learned something from what transpired and as they go forward they make different decisions, which it looks like at least they are attempting, in part anyway.

I will be very curious going forward to see how it all plays out, and how they go about financing and paying for the new acquisitions, given what the website now states, (below).

The fact that they are going to continue acquiring revenue-generating companies is a good thing, and the diversity is also good, so if one subsidiary goes downhill, they will have others.

I was also very happy to see they are still producing the Bobby Dale show and Dennis Gile show, as also stated on their new website.

Since we haven't heard anything lately about Poolworks, I suspect and hope the relaunch is still going to happen, but we probably won't see this until maybe June, when the restructuring should be complete, as it was stated by the Berlin court that the process takes generally 8 to 10 months. It's been 7 months already since the first week of September when it started.

As we all know, the OTC is pretty much the Wild West of trading and investing. Everyone will have to decide for themselves what their best course of action is now.

From their new website Investor's Page:

Current Roll Up Strategy

"Momentous Entertainment Group, Inc. is in the process of completing a restructuring of its share capitalization to obtain additional financing to complete several acquisitions the Company has identified. The Company intends to strategically position itself to attract a mid-tier Investment Bank willing to back an aggressive expansion in the digital space. The goal is to acquire enough top line and bottom line revenue to up-list to the New York Stock Exchange Marketplace or NASDAQ and then leverage its stock to pursue larger profitable acquisition targets.

The Company’s roll-up strategy focuses on acquisition of established, cash flow positive companies in the following areas: gaming, subscription based direct to consumer ecommerce products, ad networks, data analytics; with future expansion into Cybersecurity and Artificial Intelligence (AI).

Momentous has identified several private stage growth companies for potential acquisition in the areas of technology, gaming, ecommerce, data analytics and subscription based consumer products in the acquisition range of 1.5 to 4X earnings. It is anticipated that the arbitrage value from a private to public company could be as much as 4X the acquisition price (8x – 16x earnings for technology companies).

The acquisitions are being made in partial cash, stock and seller carry back financing. Momentous looks to acquire companies at the rate of one per quarter over the next two years. Companies are targeted based upon their business strategy, financial performance, and ability to complement and integrate with our current business operations and other target acquisitions.

All aspects of the Company’s business plans require financing to implement. The Company is seeking such financing through various avenues. No assurances can be given as to the likelihood or timing of receiving the necessary financing to implement all or any part of the Company’s business plan."

Corporate Overview & Strategy

"Momentous Entertainment Group (Momentous) is creating a wide moat between themselves and their competitors. Momentous is a media company that operates within four segments of the media industry. These segments included content, distribution, live events and direct marketing. Currently, the content segment has a recording division and a film and television division.

The recording division currently is offering an album to the adult contemporary market entitled the ‘Greatest Story Every Sung’ with music from Roger Clark and Suzanne Olmon and narration of the story of the life of Jesus by Stephen Baldwin. The recording division has also commenced work on a second album project titled, “Crossing – From Here to Eternity” which will be focused on the adult contemporary listening market featuring Suzanne Olmon on vocals.

The film division currently has signed talent contracts with Bobby Dale Earnhardt, Dennis Gile, and the ARCA Truck Series to develop content around the talent and the segment of the sports and entertainment industry in which they make their living.

The distribution segment will focus on the distribution of Momentous content through wholly owned cable, radio, television, and streaming distribution outlets. The live entertainment segment will focus on highlighting Momentous’ contracted artists, their content and the creation of additional content that cost has been cover by the consumers. The marketing segment will directly sell Momentous intellectual property to consumers.

Momentous’ guiding premise is that content is a value creator. Contents value continues to increase even as the distribution markets mutate. Despite the changes in consumption patterns, paid content penetration remains well above 80% of households in the U.S. Even without a paid content subscription, most "cord cutters" still consume media content. OTT offerings such as Netflix and Amazon Prime have created their own content, both services require deep libraries to gain and retain subscribers. Given the ongoing demand for content, Momentous believes content creation is not a zero-sum game, as quality content will always find an outlet and create value for shareholders."

http://www.megcorporate.com/ir/IRIndex.html