Replies to post #125260 on CMG Holdings Group Inc (CMGO)

[User-65225]

CMG Holdings Group's Board of Directors Authorizes 100 Million Share Repurchase Program

Jun. 13, 2019, 04:30 PM
CHICAGO, June 13, 2019 (GLOBE NEWSWIRE) -- The Board of Directors of CMG Holdings Group, Inc. (OTC: CMGO) announces today the approval of a share buyback program of up to 100 million shares of the Company's common stock over the next two years. The share repurchases will be made at the discretion of the company through the open market purchases and/or privately negotiated transactions.

CMG's Chairman and CEO Glenn Laken said, "We are very excited by the prospects for the company going forward and have decided to implement this buyback based on our view that the price of the stock does not accurately reflect the value of the company and its increasingly positive prospects. We believe that this program is a very important step in increasing shareholder value. I'd like to thank our loyal shareholders for their support. Further information on CMG developments can be found at @CMGOnews on Twitter." The repurchases will be made with cash on hand, free cash flow from operations, and potential bank financing. Full details of the stock repurchase program may be found in CMG's report on Form 8K which will be filed within the next few business days.

About CMG Holdings Group, Inc.

CMG Holdings Group, Inc. is a Chicago holding company whose primary operating subsidiary is XA – The Experiential Agency, Inc. (https://www.experientialagency.com) - which engages in the alternative advertising, digital media, experiential and interactive marketing, and entertainment sectors. XA is involved in production and promotion, event design, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set design, and data analysis and management activities. The business also offers branding and design services, such as graphic, industrial and package designs across traditional and new media, public relations, social media, media development and relations, and interactive marketing platforms to provide its clients with customary private digital media networks to design and develop individual broadcasting digital media channels to sell, promote, and enhance their digital media video content through mobile, online, and social media. XA serves clients across the marketing communication industry. Separately, CMG Holdings Group owns Lincoln Acquisition Corp., a subsidiary formed to manage its portfolio investments.

Disclosure Statement

[john love]

Oh okay that’s good so what you think the price of share can it be eventually?

[john love]

I bought a million shares yesterday.

[User-65225]

When more $$$ is flowing in than the market cap of your company, that is a VERY good position to be in, as a company and investor... and this cash no longer requires any costs/expenses to obtain. They just have to deposit the checks, thats all the effort needed to put millions on the books. Its all FREE cash, which is not needed to keep their lean business afloat

... and guess what? THIS IS A BUYERS MARKET. Cash is KING. Glenn is in a very good position to do something life altering for all of us holding shares.

Ive studied/traded thousands of penny stocks over the decades and this is as good of a risk/reward that ive seen in some time. We are investing in CASH + the ability to WIN these lawsuits

Glenn is also motivated by the critics, along with his natural drive. This has put him on a path to reduce the OS the cleanest and most shareholder friendly way possible. His drive/motivation has also pushed him to execute on cleaning up the books, cost control measures, savvy decisions, protecting the COMMON shareholders, etc. Everything he is doing is for the benefit of the longs, it has just taken some time to get to this point.

I do trade this stock, i have for years... but this is more of a buy & hold now than at any time in their history, even with the pandemic punishing the economy.

I hope their current business succeeds, but this ticker would still be undervalued if it were a SHELL, because of all this free cash + ability to win MORE lawsuits... as i said this is a buyers market, acquisitions can be made at fire sale prices, esp if the acquirer has the $$$ to fulfill another companies underfunded business plan. Not many pennies are in this unique position, this stock could spike BIGLY at any time (with or without news) and never come back to these levels again.

$2.5 million market cap is a steal for a clean company with no dilution + more lawsuit wins than the valuation... along with a CEO that has PROVEN that he is working in the best interest of the COMMON shareholder.

Im excited to see what Glenn does next. He is not getting the financials in order (not easy) to stop now... A clean fully filing company + a reducing OS + wads of free cash is just the start of even bigger moves to come.

This is a great time to discover CMGO and position. Do the DD, do the simple math