Clubhouse Media Group Inc (CMGR): Cmgr has expensed more cash in 1st qtr 2...

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Clubhouse Media Group Inc (CMGR)

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Followers	101
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Alias Born	09/21/2013

Re: None

Wednesday, 07/21/2021 7:03:04 PM

Wednesday, July 21, 2021 7:03:04 PM

Cmgr has expensed more cash in 1st qtr 2021 than all of fiscal year 2020.
Valve loss per common shareholder value is also significantly worst in..2021...

Bottom line..if cmgr cannot cut costs...generate more revenue...then price per share will continue to deteriorate. All figures direct from nasdaq financial....good luck to all ...ziggy

1st qtr 2021:

Total Revenue......$523,000

Cost of Revenue...$317,000

Gross Profit........$207,000

Operating ExpensesResearch and Development--------Sales, General and Operating Income...... $-4,161,000

Interest Earnings Before Tax....$-5,799,000

Applicable to Common Shareholders
-$5,799,000

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