CMG Holdings Group Inc (CMGO)

[jfran]

CMGO - one of the most undervalued stocks on the OTC.

• Excellent share structure (as of 11/07/19, the A/S is 450,000,000, the O/S is 449,506,008, and the float is 408,386,652)
• No issuing of convertible notes
• Most old notes have been paid off with cash. Company has a tiny bit of old debt on its books.
• Company is actively buying back shares in the open market (a total repurchase of 100M shares has been approved)
• Company is retiring shares by finding and retiring dormant shares (estimated to be around 38M shares)
• Company is current with its financials
• Company is generating millions in revenue (per the 3Q financials, their year-to-date revenue as of 09/30/19 was $2.29M)
• Company is cash flow positive (per the 3Q financials, their YTD Net Income as of 09/30/19 was $1.25M)
• In January 2019, the company won a RICO lawsuit. The settlement amount was for $2.75M, and CMGO is scheduled to receive payments for that amount over 30 months
• Company just settled another lawsuit for $450k cash (a malpractice lawsuit against its former attorneys)
• The company is working with big names in the clothing and cosmetic space (J. Crew, Madewell, Timberland, Beauty Counter)

The only negative with the company:
The CEO isn’t very good at communicating. They could use a good PR firm. The share price has been manipulated lower and currently trades nowhere near it’s potential! This could be one of the next 100% to 500% OTC runners EASILY!