Replies to post #116896 on CMG Holdings Group Inc (CMGO)

[PlayMoneyBS]

I'll leave the "heavy lifting" to those who claim they can do it. Five year old numbera are incorrect. It's convenient for some when the company spends a year or longer no longer legally required to report sells.

It's going to be a beautiful weekend. Let's enjoy it.

[PlayMoneyBS]

Here you go.

1,000,000 David J. Kovacs Purchases .0174-.0295 in 2014
https://www.sec.gov/Archives/edgar/data/1346655/000161066814000002/xslF345X03/primary_doc.xml

David J. Kovacs purchased those in 2014, when he was on the Board of Directors. He is no longer in that position and had/has no obligation to report the sale (likely dumped in the spring of this year).

See: https://backend.otcmarkets.com/otcapi/company/financial-report/227313/content

27,990,616 Mouhaned Khouru Purchased Oct 2018
https://www.sec.gov/Archives/edgar/data/1346655/000175761518000002/schedule13GTXT.txt

Since $CMGO was not a reporting company at the time, this was likely submitted to the SEC in hopes of pumping the PPS. There was no obligation to report any sale of these shares. The PPS at that time ranged from $0.002 to $0.004. There is no reason to believe the full amount of these shares are still owned by this individual.

9,156,925 Barbara Laken Purchases .0115-.015 Nov-Dec 2014
https://www.sec.gov/Archives/edgar/data/1043223/000104322314000005/xslF345X03/primary_doc.xml

In all fairness, not even the Lakens are clear on what they own when it comes to $CMGO. Even assuming Barbara Laken owned 9,156,925 shares in December of 2014, we know as fact that 3,933,000 shares of $CMGO were sold by the $CMGO CEO in May 2018.


Source: https://www.courtlistener.com/docket/4577064/102/cmg-holdings-group-as-successor-to-xa-the-experimental-agency-inc-v/

This sale was in May of 2018. Oddly, the CEO felt no obligation to report the sale, as this was before he took the company dark. Even so, that would leave only 5,223,925 shares left.

The same link provides other claims of sales and purchases in 2014, prior to the date of this link. Feel free to add and subtract the sales. You'll see different answers appear for the math and it is all less than the 9,156,925 shares claimed to be held by insiders.

This "Insiders Claim" is flat out false.

#HeavyLiftingDone