CMG Holdings Group Inc (CMGO)

[StockScout1]

Having fun today and I agree.. Get that 38.5M in the Treasury, then we see some action...

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