Followers | 602 |
Posts | 36740 |
Boards Moderated | 0 |
Alias Born | 03/11/2011 |
Thursday, December 19, 2019 3:57:54 PM
Opinion: After the Common Restricted Shares are Purchased and they have gone to the Company Treasury, now Housing 41,540,098, what is stopping Glenn from Exercising his 40M Common Share Warrant of .0035 and Reducing the Companies Debt in his Deferred Salary by $140,000? Answer is nothing!
IF, and I mean if, then he could Issue the 10,000,000 Preferred in lieu of the Common Shares and put Common Shares in Reserve in the Company Treasury, killing another bird on the debt.
Share Structure would look something like this.
Preferred Shares Authorized 10,000,000 Par .001
10,000,000 Issued and Outstanding
Shares Authorized: 450,000,000
Holders Stated Outstanding: 0 -------
LESS: Shares Outstanding: (449,506,008) Shareholders Total 199 Active, Increased by 2.
Insider Shares: (46,904,446) Form 4's and 13-G
Insider Shares: (2,100,000) Barbara and Glenn Laken, as yet no Form 4 or update, Nov. 26, 2019
Shares RESTRICTED: (-0-) At TA, Rule 144, not on Market
--------------------
Shares available to issue: 493,992
Reserved Treasury Shares: (40,000,000)
Treasury Shares: (1,540,098)
Free Trading Shares: 340,061,464
3rd Quarter CEO's Deferred Compensation $698,500 - $140,000 = $585,500
Source: NVSOS CMG Holdings Group Inc.
https://esos.nv.gov/EntitySearch/BusinessInformation
Recent CMGO News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/08/2024 07:28:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 02:05:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 08:30:36 PM
- Form 10-Q/A - Quarterly report [Sections 13 or 15(d)]: [Amend] • Edgar (US Regulatory) • 11/17/2023 02:59:10 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 09:02:08 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/15/2023 08:05:48 PM
FEATURED North Bay Resources Announces Mt. Vernon Gold Mine Startup, Sierra County, California • Aug 5, 2024 9:00 AM
Fifty 1 Labs, Inc. and All-In-Extracts Announce Joint Venture to Develop and Release New Testosterone Boosting Supplement • BLEG • Aug 5, 2024 8:30 AM
Kona Gold Beverages, Inc. Announces Strategic Initiatives and Corporate Direction Changes • KGKG • Aug 2, 2024 2:00 PM
POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • POET • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM