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Wednesday, October 24, 2012 2:19:36 PM
Only thing left is EX-Date and Pay-Date..
EX-DATE IS SET BY EXCHANGE, PAY DATE is set by AE.
On August 21, 2012, the Board of Directors of CMG Holdings Group, Inc. declared October 26, 2012 as the dividend date in accordance with the provisions of their June 22, 2011 Master Agreement, which is 5% of the capital stock of AudioEye, Inc. In accordance with the provisions of the Master Agreement, the dividend which is 5% of AudioEye, Inc., will be paid to the CMGO shareholders of record as of the close of business on October 26, 2012 and when AudioEye completes its registration process and issues the shares to CMG Holdings Group, Inc. AudioEye is currently in the registration process with their most recent registration statement filed on October 1, 2012.
"On August 21, 2012, we declared October 26, 2012 as the dividend date in relation to the provisions of the Master Agreement and the Share Exchange related to AudioEye," said Jim Ennis, CMGO's Chief Executive Officer. "We have been working with our transfer agent, Corporate Stock Transfer, Inc., as well as the representatives of FINRA regarding the regulations related to the confirmation of the pertinent dates pertaining to the dividend. Once we have received the approvals related to the finalized dates, we will provide an additional update for our shareholders. We sincerely apologize if there has been confusion regarding the dates specific to the dividend and we are working to complete this process as soon as possible. We believe the completion of the Share Exchange enhances the value for AudioEye, Inc., the value for our shareholders and our Company."
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