Replies to post #125259 on CMG Holdings Group Inc (CMGO)

[User-65225]

lol... Maaaan, please do some SIMPLE DD. Companies RS when their stock is no longer marketable and they need to raise cash... and CMGO has more free cash than they know what to do with.

CMGO is BUYING BACK SHARES, along with the CEO BUYING SHARES in his personal account. This is the exact opposite of a company that needs to RS

The OS is DECREASING and they have the cash to reduce it by much much more, with millions more in lawsuit $$$ coming.

The underlying FACTS are far more important than random unsupported claims on the internet.

The plan is to buyback 100 million shares and they are executing it

[poincianamike]

I have been involved with the co. since 2011. The co. has no plans for a reverse split. The reasons are many for not doing a reverse. Posters on the board will scare newbies for a variety of reasons. The co. just became current with its financials and has a great future. Their main business XA is on hold because of the virus but that is also temporary. The CEO's daughter who runs the business is a go getter like her parents and young with an eye toward the future of the co. that her parents got to where it is today. Its a great time for holding co's in todays world, esp. ones that have cash and are current on their filings, which CMGO is. From this point we want small steady increase in prices, not gaps up or down which many sub penny investors want. If u expect .01 next week hope again, seeing us at .0065 by end of next week, .0075 by end of month and maybe a penny by summer is more realistic. Stay safe and great week for the co.

[StockScout1]

$CMGO An R/S would be Counterproductive during a 100M Share BUYBACK PLAN of which 9,540,098 Shares have been purchased so far, effective 2/20/2020 and subsequent Tender Offer to BUYBACK 38.5M Shares of which 13,000,000 have been committed so far. Expecting this News to become formal and become updated in 10-Q next week.

Source: 8-K's on Edgar
https://www.sec.gov/Archives/edgar/data/1346655/000101738620000006/cmgo_2020jan16-8k.htm
https://quotemedia.com/portal/insiders_detail?qm_symbol=Cmgo