Replies to post #104405 on CMG Holdings Group Inc (CMGO)

[StockScout1]

BUYBACK That's 4.167 million per month avg and/or 208,333 per T-Day.
On a 20M SHARE Trade Day, up to 5M SHARES can be purchased in BUYBACK.
It would pay CMGO to start the process of BUYBACK ASAP!

Real World Application 10b – 18 The Four Conditions
1. The manner of purchase: The issuer or affiliate must purchase all shares from a single broker or deal during a single day.
2. Timing: An issuer with an average daily trading volume (ADTV) less than $1 million per day or a public float value below $150 million cannot trade within the last 30 minutes of trading. Companies with higher average trading volume or public float value can trade until the last 10 minutes.
3. Price: The issuer must repurchase at a price that does not exceed the highest independent bid or the last transaction price quoted.
4. Volume: The issuer cannot purchase over 25% of the average daily volume.
https://www.investopedia.com/terms/r/rule10b18.asp

[StockScout1]

On a 20M share Trade Day, 5M shares at .011 = $55,000 with 317,000 cash in the Bank and $90,000 coming in per month from lawsuit. I would say a pretty easy day for CMGO.