Message from Management to $CMGO Shareholders
Post# of 327
Posted On: 01/22/2013 1:58:49 PM
Message from Management to $CMGO Shareholders
SECTION 7 - REGULATION FD
Item 7.01. Regulation FD Disclosure.
Message from Management to our Shareholders
Taking over control of a public company requires a great deal of work which is not readily apparent to our shareholders. This message to our shareholders will be the first of many updates we will provide to you in the future. We are currently compiling and reviewing all our books and records for the upcoming audit as well as evaluating where and how to save expenses in the future.
We are currently in the process of getting XA a needed substantial line of credit with a money center bank. This line of credit is something critical to allowing XA to both dramatically increase their revenues and in addition to substantially increase their bottom line. We are currently in addition looking at potential acquisition targets for XA to bolster their position and create the potential for a possible acquisition of XA by a much larger player down the road.
As far as AudioEye, the shares are currently with our transfer agent and are ready for distribution to our shareholders. We are waiting for the word when AudioEye would be allowed to start trading. We have been informed from AudioEye’s management that they are expecting this to happen soon, possibly by mid-February. Once we receive the word from AudioEye, we will make the distribution.
We are considering a name and ticker change for our Company to better describe our new focus on XA and the related business associated with it. A decision should be made soon. We will keep you informed as soon as a decision is made.
In closing it is important to understand that CMG’s prior financial troubles were a result of bad and shortsighted finance deals made by its prior management. We ask for your patience while we straighten it all out. But to you our shareholders, please understand that we are working diligently on squaring away the prior financial problems, and at the end of the day we will have a much stronger and more valuable company going forward.
IMO GREAT NEWS MOVING FORWARD MID-LONG TERM
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(0)Cmg Holdings Group Inc. (CMGO) Stock Research Links
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EFFI NEW MMJ Company. Started buying 0.0025. Looking for 0.05 plus
TXHD Amazing SMS text marketing company with low float, strong management, BMA securities onboard for move to Nasdaq down the road. Long term buy and hold.
Disclaimer My investment selections are based on my own intense and extensive due diligence of the companies, their management and the business plan. Do your own due diligence before investing in any securities.
My favorite paid chat plays are at Penny Stock Lounge http://www.pennystocklounge.com/ Worth the 7 day free trial. I am member and make big money on their chart plays. Very much worth checking out.
I am not a promoter of investments. I am an investor, period! I do enjoy squeezing short sellers when the opportunity arises which is fairly often considering Small cap Nasdaq stocks and OTC stocks are shorted by brokerage houses in the US and internationally. I prefer Big Board stocks over Penny stocks! Everyone should study Deepcapture.com and watch the online movie http://www.deepcapturethemovie.com before investing in any stocks on any exchange so they understand how the markets really work and prepare themselves. In microcap stocks I like to trade around a core position and that philosophy has served me very well over the last two decades. The majority of my money is invested in big board stocks. I only speculate with 5% of my portfolio in non listed OTC plays, mainly in the Marijuana sector.
“Let your plans be dark and impenetrable as night, and when you move, fall like a thunderbolt.”
― Sun Tzu, The Art of War