CMG Holdings Group Inc (CMGO)

[MikeKnowsRunners]

Here are the cold hard facts:

From the 2017 GMER 10K (dated April, 2018)

The 7,500 issued and outstanding shares of Class A Preferred Stock are convertible into shares of common stock at a rate of 20 common shares for each Class A Preferred Share. The 106,511 issued and outstanding shares of Class B Preferred Stock are convertible into shares of common stock at a rate of 200 common shares for each one Class B Preferred Share. Of the issued and outstanding shares of Class B Preferred Stock, 85,395 shares are owned by CMG Holdings Group, Inc. If all of our Class A Preferred Stock and Class B Preferred Stock are converted into shares of common stock, the number of issued and outstanding shares of our common stock increased to 21,452,200 shares.

You can do the math. It converts to about 17 million common shares. This was confirmed by the CEO. Are you suggestion the CEO of GMER made a typo by listing CMGO as the holder of the preferred shares? The converted preferred shares puts CMGO at over a 50% holder of GMER.

If you like black and white, cold hard facts, its hard to ignore this.