Replies to post #50268 on Momentous Entertainment Group (fka MMEG)

[4toSchool]

I agree when you wrote:

you know this didn't role out as they didn't know what else to do with themselves today.

However, I think that Kurt, et al, spend too much time figuring out how to ingratiate themselves with stockholder equity when they should be more focused on earning revenue

[darkhorseinvestor]

Agreed. IMO good news here.


Momentous Entertainment Group, Inc., (hereafter, the “Registrant” or the “Company”) has adopted its 2017 Non-Statutory Stock Option Plan (hereinafter referred to as the “Plan”), the nature and purpose of which is to compensate the Company’s officers, directors, employees, and consultants (hereafter, collectively, “Participants” or individually a “Participant”) for services rendered to the Company and to generate an increased incentive to contribute to the progress of the Company.

Basically, the Company’s officers, directors, employees, and consultants can now receive stock options. As mentioned, this will increase their incentive to ensure that the company does well. This is a step in the direction of becoming more corporatized for $MMEG. No where in the PR does it say that they are issuing more shares. The shares will come from the recent A/S increase, but will not affect the OS, as the employees will be holding their shares. If there was an increase to the A/S then we'd expect to see it reflected on the NVSOS.GOV site, but it is not, as you can see: http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=Hl5NakkHa2WAYIQE7gyj2A%253d%253d&CorpName=MOMENTOUS+ENTERTAINMENT+GROUP+INC

Over all, good news here today, maybe not the news we wanted or expected, but we are making steps in the right direction IMO. More analysis to come later, as there is a lot to digest with this PR just like Fox predicted.

$MMEG

[foxtrader]

I agree. Everything has been done by design. I think we will be getting those additional employees for Blackfox soon. Kurt stated they would be hiring more employees for the growth of Blackfox. I suspect they will be hired to work on primarily a commission basis, and that the employee benefit incentives are part of this plan as well. So things are progressing nicely. You can see here as stated in the September 28th PR Kurt said they "will be" hiring additional sales staff:

"Management plans to review and evaluate our current advertiser and affiliate/publisher sign-up results and orient our focus towards quickly closing new and larger advertiser and affiliate/publisher clients. Management will be adding additional sales staff while also working to identify the "super affiliates" in the market and attempt to bring them into the Blackfox affiliate/publisher network. With success in this area, Blackfox could significantly expand its worldwide affiliate/publisher coverage and exponentially increase its online advertising traffic hits for all its products and customers."

http://www.marketwired.com/press-release/momentous-entertainment-group-unveils-blackfox-strategic-growth-plan-otcbb-mmeg-2235317.htm

I am expecting more news/updates today. I don't think the filing was the only thing we're getting this week. I could be wrong, but I don't think MMEG would have given us a tweet last week about "updates" this week just to give us a filing and nothing else.

MMEG