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Wednesday, March 04, 2020 10:56:28 PM
Now it makes sense, with 2 trains of thought and 3 statements...
The 13M have nothing to do with Tender Offer...
These are CMGO Shareholders willing to sell their shares in the Common Market to CMGO...
What do you think has been going on around here for a while. Especially under low volume days...???
$CMGO Here is the update on the Tender Offer we have made for the 38.5 million shares of both restricted and free trading but not on deposit. We had sent the offer to 108 shareholders on 2 mailings, the second fully registered.
70 of the 108 were un-deliverable.
The majority of these people were holders from the 2010 time frame.
We have commitments for 7 million shares almost entirely free trading.
In discussion for an additional 6 million.
At this point investigating other methods to get new addresses of un-deliverable's Will provide an update shortly.
After all methods to contact these Restricted Shareholders have been exhausted, then CMGO can Legally recall the shares back into the O/S...
One way or the other CMGO will recover the 38.5M shares.
$CMGO Here is the update on the tender offer we have made for the 38.5 million shares of both restricted and free trading but not on deposit. We had sent the offer to 108 shareholders on 2 mailings, the second fully registered. 70 of the 108 were undeliverable. The majority of
— CMG Holdings Group Inc. (CMGO) (@CMGONews) March 4, 2020
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