News spreading CNN MONEY: $CMGO Authorizes 100 Million Share Repurchase Program
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. (http://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.
Contact
Glenn Laken
CEO
CMG Holdings Group, Inc.
(773) 770-3440
glennbrlaken@gmail.com
Twitter: @CMGOnews
https://money.cnn.com/news/newsfeeds/articles/globenewswire
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. (http://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.
Contact
Glenn Laken
CEO
CMG Holdings Group, Inc.
(773) 770-3440
glennbrlaken@gmail.com
Twitter: @CMGOnews
https://money.cnn.com/news/newsfeeds/articles/globenewswire
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
