CMG Holdings Group Inc (CMGO)

[User-65225]

A simple way to tell if a CEO is full of crap is to compare past growth claims to the results... and with CMGO, they have made fair projections and met them.

(repost) How often do you see pennies overpromise on the numbers then not even come close to delivering? It happens more often than not in the penny market... but these guys keep outperforming in ALL aspects.

When he says he has big deals on the table, i trust that its real. He has earned it. From todays PR....

Additionally, CMG would like to give an update on its business outlook. During the quarter, XA, the Company’s operating subsidiary, closed a six-figure contract with a world-renowned clothing retailer which has the potential to become a seven-figure relationship after its initial scope of work is completed. Further, XA continues to work with several new clients on installations each to be in excess of $1 million and expects to close at least a couple of these opportunities this year which will become 2019 and 2020 business. XA continues to see clients returning with $50K - $100K jobs on a continual basis, which builds its book of business and provides visibility to future results.

Said Laken: “Overall, we have returned XA to strong growth and sustained profitability, which management projected heading into this year. With this operational momentum and our expected cash proceeds from non-operating activities, the Company is in the best state of operational health and liquidity position it has enjoyed in years. I believe we have laid the foundation for a great future for the Company and expect to create substantial value for shareholders in the future. For these reasons, our Board of Directors approved a 100 million share repurchase program, which we initiated in June and which continues to be executed today.”