Replies to post #17016 on Camelot Entertainment Group, Inc. (fka CMGR)

[locksflooring]

· On June 1, 2010, the Company's board of directors approved a 20,000 to 1 reverse stock split of all of our outstanding Shares. As a result of the reverse stock split, effective June 30, 2009, the number of issued and outstanding Shares was reduced to 846,316 as of June 30, 2010.

· September 3, 2009, the Company's board of directors ratified an agreement with JMJ Financial entered into on August 18, 2009. JMJ Financial and the Company entered into a financing agreement in which JMJ Financial would loan $3,000,000 to the Company over a period of two years through six $500,000 convertible promissory notes.

· Generated $57,415 in revenue during the six months ended June 30, 2010, we did not generate any revenue during the six months ended June 30, 2009.

· As of July 26th, 2010, there are approximately 1,592,665 shares of common stock outstanding
http://www.prlog.org/10900865-ready-for-strong-bounce-play-otccmgr-closed-aug-31st-2010-at-0004.html