THE BELGIAN - DUTCH CONNECTION

[sevenOdouble]

Opmerkingen van een "basher" in CMGO die in rekening moeten worden gehouden.

"MUST READ DD 1) Between Aug.22 (66 million) as currently listed on OTC, and Oct.10 (84 milion)as listed in the NOv.01 filing, they just decided to give themselves 18.2 million shares, while saying there were no plans for dilution? The actual numbers reflect the stock being diluted approx 27%.

2) The Board is not aware of any attempt to take control of the Company and has not presented this proposal with the intention that the increase in the number of authorized shares of Common stock be used as a type of antitakeover device.

3)Audioeye spinoff not a done deal yet.
FROM last filing: AE’s inability to obtain material consents of third parties may have a material adverse effect on AE’s ability to consummate the Separation

There are third-party approvals that must be obtained to consummate the restructuring of CMGO’s business in connection with the Separation, including consents from the holders of the Senior Notes who must agree to release CMGO from its obligations thereunder.

4)There were approx.169 shareholders of CMGO back in April.There may be many more by now, which will further reduce any possible
dividend.

5) 1.5 million shares were approved as a dividend. Price per share .0004
Total value of shares to be distributed amongst all shareholders is $600.

6)Spin-off Filing is incomplete, has no dates or signatures.

7)To the Holders of Common Stock of CMG Holdings, Inc.:
This Information Statement has been filed with the Securities and Exchange Commission and is being furnished, pursuant to Section 14C of the Securities Exchange Act of 1934, as amended (the “ Exchange Act ”), to the holders (the “ Stockholders ”) of common stock, par value $0.001 per share (the “ Common Stock ”), of CMG Holdings, Inc., a Nevada corporation (the “ Company ”), to notify such Stockholders that on October 5, 2011, the Company received a majority written consent in lieu of a meeting of the holders of the Company in accordance with Nevada General Corporation. The holders authorized the following:


· The approval of an amendment to our articles of incorporation to increase the number of authorized shares of Common Stock from one hundred and fifty million (150,000,000) shares of Common Stock to four hundred and fifty million (450,000,000) shares of Common Stock (the “ Authorized Share Increase ”).

· The approval to change of the name of the company from CMG Holdings, Inc. to CMG Holdings Group, Inc.

· The approval of an amendment to the articles of incorporation to authorize the creation of ten million (10,000,000) shares of “Blank Check” Preferred Stock.

The enclosed information statement contains information pertaining to the matters acted upon.

On October 10, 2011, the Board of Directors of the Company (the “ Board ”) approved the Authorized Share Increase, and recommended the Authorized Share Increase for approval to the holders having the power to vote with respect to the Common Stock.
On October 12, 2011, the Majority Stockholders approved the Authorized Share Increase by written consent in lieu of a meeting in accordance with Nevada law. Accordingly, your consent is not required and is not being solicited in connection with the approval of the Authorized Share Increase.
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En ik heb net de Transfer Agent gemailed die op de OTC vermeldt staat, maar die info klopt niet meer, de neiuwe TA is:

United States Stock Transfer Corp.
www.usastc.com
James A. Jeffery
Tel: [phone]
Fax: [phone]
189 Victoria Avenue
Belleville Ontario
Canada K8N 2B9
[e-mail]

Ik heb die net gebeld en ze namen niet op, maar het is in de US ook een feestdag dus zal ik volgende week opnieuw proberen. Ik moet wel zeggen dat ik die TA in het verleden al enkele keren heb gemailed om de SS te weten maar ik heb nooit een antwoord gekregen. Dus dit dient goed opgevolgd te worden vooraleer iemand een positie kan innemen IMO...