Replies to post #60649 on CMG Holdings Group Inc (CMGO)

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i figured the point of creating it before the settlement was an appeal to those willing to speculate on a favorable outcome. see the bolded line below.

once the cash is in hand from a settlement a deal such as this may be moot:

We believe that this will reward those shareholders of ours that are most interested in the possible recovery from prior employees alleged misconduct and at the same time significantly reduce the issued and outstanding shares, said Glenn Laken, Chairman and CEO of CMG, adding Management is committed to this effort and intends to convert all of its accrued compensation and money for expenses into the exchange offer. We are in discussions with numerous institutional investors to test the waters on our plan and the results have been encouraging thus far.

any thoughts from the longer term shareholders here?