Replies to post #137013 on CMG Holdings Group Inc (CMGO)

[skichic]

Wrong! Read the whole thing. Why do you think it says CMGO’s cut is 8 to 20 MILLION DOLLARS!

[FergusVI]

They have a plan to install 8 units. They are a 10% owner of the JV. Simple as that. The tech has been independently evaluated from non affiliated outside oil testing firm.

[skichic]

Read it! In the short term during the next 12 months the JV plans to install 1 to 3 more processing units, enabling 10,000 to 20,000 bpd in production. If we reach the goal of 4 units CMG can earn approximately $3.6 million to $7.2 million annually. Assuming the JV can achieve its goal of installing 8 units - the maximum number that can be installed at the processing facility currently being used by NVT - processing capacity can reach 40,000 bpd and achieve profit levels of approximately $7,200,000 to $18,000,000 per month ($86,400,000 to $216,000,000 annually). CMG's share as a 10% member would be from $8,600,000 to $21,600,000 annually."