CMG Holdings Group Inc (CMGO)

[PlayMoneyBS]

It seems someone knew the right steps to take and are making moves to get out from under this. Proactive versus deny, deny, deny, make the family more money. Where is the surrendering of shares and warrants with $CMGO?

https://therecord.media/company-changes-name-after-sec-charges-18-over-pump-and-dump-hacking-scheme/

On Tuesday, Lotus announced that board member Zoltan Nagy had resigned his position earlier this month and surrendered 150 million common shares back to the company.

In a separate announcement, the company said it was planning to change its name to Boomerang Corporation, which chief executive Hoyt Christopher said “more closely reflects the approachable, personalized nature of our current and future business model.”

Glenn Laken, the president and chairman of CMG Holdings Group, which was the controlling shareholder of Good Gaming in at least May 2017, according to court documents, was also charged by the SEC on Monday. CMG did not mention the charges or pump-and-dump scheme in its quarterly filing with the SEC on Monday, in which it announced a 234% jump in revenue. According to court documents, “Laken was convicted of securities fraud in connection with a stock promotion scheme in the early 2000s and, as a result, he served a 63-month federal prison sentence.”