CMG Holdings Group Inc (CMGO)

[User-65225]

There are many people that dont like buybacks and i agree with them in some ways... for example, a Fortune 500 company spending large wads to buyback small percentages is often a waste because that money could impact their stock appreciation more if used to acquire and/or accelerate existing business plans

... but CMGO is VERY different. They can use a moderate portion of their cash to buyback LARGE percentages of the OS before it moves off the pinks. This is a savvy use of cash imo, as long as they have no near or long term need to support the underlying biz with the money.

This is a unique situation. They could reduce the OS by almost 25% spending only a portion of their free cash... When you can reduce the OS by THESE percentage levels, its substantial.

It also shows that the insiders are bullish on their own stock = good for shareholders... Most penny CEOs hand out equity like its worth nothing to them, not Glenn. He values every share, which tells us he has all the motivation in the world to build this into something bigger than it currently is = good for shareholders: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155531465