CMG Holdings Group Inc (CMGO)

[FergusVI]

Announcement to all CMGO shareholders:

I think most know that I've been around this stock for a long time. I've paid attention for a long time and have gotten to know a lot of shareholders over that span of time. I was invested in the company when the OS was 42 Million shares and XA still had an active ticker (XAIN), it was a shell at the time.

I spoke with Ennis, the COO at the time on multiple occasions. He was always attempting to talk valuations etc and was reticent to answer direct questions. In the meantime, I kept an eye on the continued issuance of convertible debt and the ever expanding OS. During that regime I sold my shares in the .30's and some in the .20's I believe. Got lucky on the timing, as most should admit, this is the market, and nobody hits peaks all the time, and nobody buys the bottom all the time. But if you read enough around iHub, it would certainly seem like that's what everyone is doing. Not much honesty among traders, seems to be the norm.

Anyway, word got around that another shareholder, holding a decent position, was interested in being very pro-active and try to get things corrected. That shareholder had many, many conversations with management regarding the direction the company was going in, to no avail.

After acknowledging that Ennis was not going to stop issuing paper, or get a handle on XA's business, that shareholder started organizing and preparing for a change of control, and take over the company.

You see, for me, actions always speak louder than words. So, I was involved and observing these matters. I was very interested to see what the shareholder was going to do with the company after all this effort and work.

So I watched. I had discussions, because, when you take an interest in a microcap company with lots of potential, and perhaps, want to invest a chunk in the company, you do your due diligence. And for me, and most other players that I know, they actually pick up the phone and call the CEO and have a conversation. Getting a 'real feel' for what your dealing with. What is the character of this person. Means a lot. You can learn 10X more and get a sense of trust when you actually speak with management. Much better than just reading and posting on boards. Trust me, try it sometime.

Well, that shareholder that took all these actions was the current CEO, Glenn Laken. I kept a sharp eye on him, keeping track of his every move. You can read that summary on this post:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=133316763


So after all this, and the fact that the CEO and his family had to go through the entire RICO case, coming out of pocket to fund it, which took a tremendous amount of time and money, for me to see misinformation and falsehoods stated against Glenn and his family is incredulous. None of them are true. It's pretty simple to make false claims against management. Only takes a few seconds.

What is not easy, is doing all the heavy lifting in real life. Like, real business. Remember that world. The real one. Well, that's what is happening.
No sensationalism, innuendo, or conspiracy theories, are ever going to change that. And that is a fact.

Tip of the hat to the Laken family for all the hard work and sacrifices. It was not easy. It's hard work, and I for one appreciate it, and I'm sure there are other longs around that feel the same. The above actions and historical summary are best captured in the following quote:


“It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself for a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.”

Theodore Roosevelt
Speech at the Sorbonne, Paris, April 23, 1910