Replies to post #34358 on Momentous Entertainment Group (fka MMEG)

[leverage102]

40 Million in Debt; and a business Model forecasting continued Growth. $$$

* I'll use Amazon as as example, back in the day (2000 ) of a company in Surmountable debt ( Tens of billions); a Laughing Stock of the Dot.com era ! 10's of billions in Debt, and today they are the GOLDEN CHILD OF PRODUCING CONGLOMERATES with a market Cap just under 500 Billion $$$

* And you could have bought shares for Pennies $$$

* PRICE LINE; Good friend of mine became a MILLIONAIRE $$$ PURCHASING SHARES FOR PENNIES $$$ AND TODAY THE PPS IS $1800 Plus a SHARES $$$$


MMEG Was Trading DOLLARS 15 Months Ago $$$

MMEG has brought on a SUPER STAR to Head POOL WORKS $$ And AGGRESSIVELY BUILDING MMEG TO BE A FORCE TO BE RECKONED WITH $$$$$$$$$

* TO BE ABLE TO accumulate shares at sub penny prices is Imo an opportunity to get Richie rich $$$$

AIMHO..

A PATIENT MAN NEVER WAITS $$$$$$ HE ACCUMULATES $$$$$$$$

GLTA !!!

[Kroooo]

It seems that 40million in "debt" will soon be gone.

The acquisition of Poolworks (Germany) Ltd. includes an accounts payable balance of $40,574,273 to a former owner along with accrued interest. Although the liability was assumed in the transaction, we are evaluating options including debt forgiveness or renegotiation and capital contributions relative to this debt. Accordingly, Momentous took the position that an asset of $40,574,273 was acquired in the form of goodwill but that the value is unsustainable and therefor immediately expense it as an asset impairment.

Operations recorded through the business combination of Poolworks (Germany) Ltd. from February 8, 2017 through March 31, 2017 are as follows:

Revenue
$
33,058
Other Income

166
Total Revenue
$
33,224
Costs of Goods Sold:


Web Server Costs
$
15,363
Gross profit
$
17,861
Administrative Costs:


Payroll

38,038
Office

4,438
Accounting fees

655
Rent

4,872
Travel

1,024
Currency Translation

(78)
Total Operating Costs
$
48,949
Net Loss
$
(31,088)