Replies to post #105586 on CMG Holdings Group Inc (CMGO)

[StockScout1]

Not reducing A/S, reducing O/S Outstanding and putting the 100 million into what is known as Treasury Stock, but the CEO at his discretion can retire or resell Treasury Stock.

]StockScout1 Wednesday, 06/19/19 02:15:26 AM
Re: StockScout1 post# 104928 0
Post #104962 of 105324
$CMGO Share Structure Insiders Hold 46,904,460 shares.
Transfer Agent - Corporate Stock Transfer, Inc.

Market Cap Market Cap $4,045,554 06/18/2019

450,000,000 Authorized Shares 06/17/2019
---(493,992) Reserve Shares 06/17/209
449,506,008 Issued and Outstanding Shares 06/17/2019
1,000,000 Form 4 David Kovacs Insider 6/23/2014
27,990,616 13-G MOUHANED NABIH KHOURY Insider 11/1/2018
8,756,925 Form 4 Glenn Laken held by Infinite Alpha Insider 7/24/2014
9,156,925 Form 4 Glenn Laken held by Barbara Laken Insider 12/3/2014
46,904,460 Total Insider Shares
402,601,548 Float

100,000,000 Treasury Shares Effective 06/13/2021
349,506,008 Outstanding Shares Effective 06/13/2021
46,904,460 Total Insider Shares
302,601,548 Float Effective 06/13/2021

What is Treasury Stock (Treasury Shares)
Treasury stock is outstanding stock repurchased from stockholders by the issuing company. These shares are issued but not outstanding and are not included in the calculation of dividends or earnings per share (EPS).
Treasury Shares vs. Retired Shares
Treasury stock can be retired or held for resale in the open market
https://www.investopedia.com/terms/t/treasurystock.asp