CMG Holdings Group Inc (CMGO)

[TenKay]

A buyback program only really makes sense in real exchange traded public companies with a lot of excess capital. Even then, it may not necessarily the best “investment” of the company’s capital.

But this company doesn’t have “excess capital”....it doesn’t even have positive shareholder equity.

So let’s call this “buyback” what it really is. A penny stock pump narrative. He is buying just enough to make it “look” good...but it is peanuts. Just enough each time so he can issue an “8K” and let the penny imaginations do the work.

But that seems to have worn off...if he wants to throw $5-$10K at it each month with his lawsuit money...have at it.

But will he ever get to 100,000,000 shares? I highly doubt it.

If he was actually serious about all this he would invest in some audited financials, file a Form 10 and get the stock registered like real companies do. Build some shareholder equity back into the company and get the balance sheet fixed and then start investing to grow the business. If it starts doing well then he can declare a meaningful dividend.

Until then this is Laken just playing games.