Replies to post #90048 on CMG Holdings Group Inc (CMGO)

[PlayMoneyBS]

Once upon a time, $CMGO did own a substantial amount after the spin off.

CMG recently received a $500,000 payment from AudioEye, Inc. (“AudioEye” or “AEYE”). These acquired funds were the result of AEYE exercising its option to purchase AEYE shares owned by CMG. After CMG received these funds, the company was able to eliminate all of its toxic debt.

Prior to receiving the $500,000, CMG Holdings had previously received purchase payments of $75,000 and $85,000 on the option. After the $660,000 share purchase by AudioEye, CMG still maintains a stake in AEYE, owning a total of 2.36 million shares and the company plans to retain those shares moving forward. We see a lot of intrinsic value in Audio Eye and by retaining our stake in AudioEye, we add value to the bottom line of CMG and of course, to our shareholders.

The 10-K immediately following did show $CMGO had $764,088 in marketable securities for 2013.

The last 10-k, however, showed there was a realized gain of $496,902 on marketable securities sold in 2014, and listed no securities left as assets.