CMG Holdings Group Inc (CMGO)

[MrYing]

On November 30, 2021, CMG announced the terms of the oil tech JV to include a CMG investment in the form of a one-million-dollar loan for 10% of the joint venture in the North Jersey Petroleum Partners LLC (NJPP) oil treatment facility. In another announcement, it states CMG Holdings has signed a $500,000 financing agreement with an institutional investor, with the use of proceeds targeted to fund the NJPP venture, in addition to the previous loan. So is this a total of $1.5 Million loan to the oil tech JV? This has been going on since 2021, has the interest been paid? And what if they fail to produce and the $1.5 is lost?

On Feb. 16, 2023, CMG announced the terms of its agreement with "New Vacuum Technologies, LLC (NVT)" as part of the joint venture in southern New Jersey. So who is the JV with, NJPP or NVT, or are they two different ventures? Also, does anyone even know if either of these treatment facilities exist?