CMG Holdings Group Inc (PK) (CMGO) Quote

Moves on my hopes and others dreams. news is only occupying space in my mind, maybe it needs a little push start?

Whats been Glenn and Alexis been up to these days? I miss seeing the confidence. What happened to Funnel PR?

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Here's some news:

* Every quarter, $CMGO figures out a way to lose money.
* Part of that money lost is the Vehicle driven by the CEO (the company buys him a new one every 3 years)
* $CMGO is owed almost $2 million from the Wannabe Oil Processing Company that still can't produce any processed oil (after how many years?).
* The CEO took out convertible debt so they could loan the money above.
* The same CEO was indicted by the SEC for Conspiracy to Commit Wire Fraud, Wire Fraud, Conspiracy to Commit Securities Fraud, and Securities Fraud (coming soon to a courthouse in January).

Any updates you would like to share?

Everyone- just not the SEC, FINRA, OTCmarkets or other organizations and government agencies. Many they will read your compelling Ihub posts and take action. Hope springs eternal.

CEO's a crook, and everyone knows. No good will come of this garbage.
I see everyone's so demoralized that a 75% bump in 2 days on rising volume doesn't even get a post.

Interesting.

CMGO.0016.ALERT.I JUST READ THE Q2 REPORT IN ITS WHOLE.WHEN THIS THING REBOUNDS IN PPS WILL BE CRAZY.IMO.ZERO DILUTION FOR YEARS.READ VERY CAREFULLY 6,7,8.OMG THE NUMBERS, FOR CMGO.
WHEN YOU READ THE WHOLE POST YOU WILL SEE WHY THIS IS TREMENDOUSLY UNDERVALUE.WHEN THE VOLUMES COME BACK IN THE OTC.THIS THING WILL ROCK IMO.LET US SEE WHY BELOW.THE STOCK SHOULD BE TRADING IN THE WELL OVER .01 PER SHARE.
1)THE REVENUES FOR THE 3 MONTHS AND 6 MONTHS HAVE GONE UP BIG TIME FROM A YEAR AGO.
2)REVENUS FOR THE Q2 2024 UP TO 850K$ FROM 320K$ A YEAR AGO Q2 2023=UP OVER 160%.
3)REVENUES FOR THE 6 MONTHS UP FROM 480K$ IN 2023, TO $1,165 MILLION IN 2024=UP 140%
4)NET INCOME FOR Q2 2024 WAS $31,2K.FROM A LOSS OF $48K A YEAR AGO Q2.
5)CASH IN THE BANK $ 224,365
6)TREMENDOUS. POSITIVE.The Company has a net operating loss carried forward of $14,579,363 available to offset taxable income in future years which commence expiring in 2031.
7)On June 24, 2020 The Company entered into an agreement with New Vacuum Technologies LLC(NVT) whereby the Company loaned NVT $50,000. During the year ended December 31, 2021 the Company loaned an additional $999,201 to NVT. NVT repaid $60,000 to the Company. The loan was originally due on December 24, 2020 at an interest rate of 10% per annum. The loan was extended on December 24, 2022 until December 24, 2023. The loan was verbally extended until December 24, 2024. The total amount owed including interest is $1,700,895 and $1,649,189 as of June 30, 2024 and December 31, 2023 respectively.
8)The Company as an incentive to Loan New Vacuum Technologies LLC (NVT) It was agreed that in addition to paying back the loan, the Company would receive seven percent (7.0%) profit sharing of $3,600,000 if paid back by December 31, 2024. If the Loan is not paid back by December 31, 2024 the amount due would $4,800,000 if paid back by December 31, 2025. It is believed that NVT will begin collecting revenues by September 30, 2024 and will be in a position to pay off debt by December 31, 2024.


Market Cap Market Cap
793,540
08/30/2024
For the three months ended For the six months ended
June 30, 2024 June 30, 2023 June 30, 2024 June 30, 2023

Revenues $ 849,668 $ 319,811 $ 1,165,088 $ 479,425
Net income $ 31,256
Cash, end of period $ 224,365
On June 24, 2020 The Company entered into an agreement with New Vacuum Technologies LLC(NVT) whereby the Company loaned NVT $50,000. During the year ended December 31, 2021 the Company loaned an additional $999,201 to NVT. NVT repaid $60,000 to the Company. The loan was originally due on December 24, 2020 at an interest rate of 10% per annum. The loan was extended on December 24, 2022 until December 24, 2023. The loan was verbally extended until December 24, 2024. The total amount owed including interest is $1,700,895 and $1,649,189 as of June 30, 2024 and December 31, 2023 respectively.
The Company has a net operating loss carried forward of $14,579,363 available to offset taxable income in future years which commence expiring in 2031.
10 Subsequent Events
The Company as an incentive to Loan New Vacuum Technologies LLC (NVT) It was agreed that in addition to paying back the loan, the Company would receive seven percent (7.0%) profit sharing of $3,600,000 if paid back by December 31, 2024. If the Loan is not paid back by December 31, 2024 the amount due would $4,800,000 if paid back by December 31, 2025. It is believed that NVT will begin collecting revenues by September 30, 2024 and will be in a position to pay off debt by December 31, 2024.

That's cool bro Thank you. I hit control F and his last name and nothing came out, not much more I can say. Just to bystander here

All I know is yesterday he emailed me and said they had a new auditor and it got pushed till Monday now. I suppose we shall find out.

I don't think the word "confirm" means what the CEO intends it to mean. Of course, he's said a lot of incorrect things over the years. I'd bet the 10-Q (whenever it does arrive - the rules really don't apply to Glenn) has a few misrepresentations, as well.

Glenn confirmed for tomorrow

This will help: https://www.google.com/search?&q=Glenn+Laken+Fraud

Let's guess! That 10-Q will come out late, after market close. There will be something in there that has just enough "bite" to allow the FOG to make a little money on Monday. Wash and repeat.

#WhatAJoke

I asked a kindergartner, who was just learning to read, to find it. He brought his crayons and was able to.

#FixItUpChappie

Just poking my head in here and saw your post. Not for or against just trying to target what you're talking about.

I can post it, but I can't make you see it... sheesh

Not seeing where his name actually appears on this document. What am I missing?

Glenn confirmed for tomorrow

10 Q due today?

CMG tweeting they are #nevertrumer 's. CMG needs all the help they can get, IMO.

Way to divide the investors Glenn Dandy.
What a lowlife





Counterchekist #StandWithUkraine
@counterchekist
·
Oct 23, 2019
I’m a student of history. Being considered “human scum” by a traitorous tool (and worse) is EXACTLY how I want to be remembered by these scumbags. #NeverTrump

CMG Holdings Group Inc. (CMGO)
@CMGONews
what a lowlife!!!!! ME TOO

I see everyone's so demoralized that a 75% bump in 2 days on rising volume doesn't even get a post.

Interesting.

-$

Have any of the tweets aged well? Seems to be false promises and pie-in-the-sky dreams over and over. At least the FOG made money.

This Nov 2023 tweet didn’t seem to age well:

$Cmgo we will be filing our 10q later today. The Q will be just ok. The Q for the last quartet will be far better and I believe we will be able to provide a significant amount of information on our other business ventures, the wait will be well worth it.

Well worth it, or was it? Another pump piece, until the oil starts gushing?🤢

just the messenger-- have no position

The Company has no legal proceedings as of June 30, 2024

Nope. None for $CMGO. Just that nasty indictment from the SEC against the CEO for "execut(ing) a scheme to manipulate the price of publicly traded companies for their profit."

#FixItUpChappie

XA: big salary, little revenue. Life must be sweet in the big apple.
But hey, when the oil starts gushing……

GL = good luck

Pink Current https://www.otcmarkets.com/stock/CMGO/disclosure

Convicted felon as CEO. Waddya expect?

May 17 8-K

Mr. Gillespie is currently reviewing the information for the quarter ended March 31, 2024 and should have it ready for filing sometime next week.

He just can't get anything right, can he? How long does it take to audit 2 paychecks for the CEO's family?

LOL.

What a joke.

Same CEO. Same POS stock.

Can't even flip it to make money any longer.

Yield sign on filings, lack of work, always in stealth mode….seems like
not much has changed. Must be still drug down from Covid….👻

Looks like we could be close to a rebound. $CMGO a knack of a pump after the dump. If it hits 0.00085 I am a candidate to buy big.

Current management has been fleecing shareholders longer than that!

Same…

Ouch

Stick boy has been bashing the stock for more than a decade.

One thing is consistent. Pmbs is always here.

Check in from time to time.

I still own a couple mill here.

Allegedly.

Did I miss an Annual and Quarterly Report from these guys?

How this thing isn't trips I don't understand.

Nothing going on here.

Anyone here?? What is going on? Is there any hope??

Washington D.C., May 3, 2024 —

The Securities and Exchange Commission today charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers (together, “Respondents”), with deliberate and systemic failures to comply with Public Company Accounting Oversight Board (PCAOB) standards in its audits and reviews incorporated in more than 1,500 SEC filings from January 2021 through June 2023. The SEC also charged the Respondents with falsely representing to their clients that the firm’s work would comply with PCAOB standards; fabricating audit documentation to make it appear that the firm’s work did comply with PCAOB standards; and falsely stating in audit reports included in more than 500 public company SEC filings that the firm’s audits complied with PCAOB standards.

To settle the SEC’s charges, BF Borgers agreed to pay a $12 million civil penalty, and Benjamin Borgers agreed to pay a $2 million civil penalty. Both Respondents also agreed to permanent suspensions from appearing and practicing before the Commission as accountants, effective immediately.

“Ben Borgers and his audit firm, BF Borgers, were responsible for one of the largest wholesale failures by gatekeepers in our financial markets,” said Gurbir S. Grewal, Director of the SEC’s Division of Enforcement. “As a result of their fraudulent conduct, they not only put investors and markets at risk by causing public companies to incorporate noncompliant audits and reviews into more than 1,500 filings with the Commission, but also undermined trust and confidence in our markets. Because investors rely on the audited financial statements of public companies when making their investment decisions, the accountants and accounting firms that audit those statements play a critical role in our financial markets. Borgers and his firm completely abandoned that role, but thanks to the painstaking work of the SEC staff, Borgers and his sham audit mill have been permanently shut down.”

The SEC’s order finds that, among other things, the Respondents failed to adequately supervise and review the work of the team performing the audits and reviews; did not properly prepare and maintain audit documentation, known as “workpapers;” and failed to obtain engagement quality reviews, without which an audit firm may not issue an audit report. According to the SEC’s order, of 369 BF Borgers clients whose public filings from January 2021 through June 2023 incorporated BF Borgers’s audits and reviews, at least 75 percent of the filings incorporated BF Borgers’s audits and reviews that did not comply with PCAOB standards.

The SEC’s order further finds that, at Benjamin Borgers’s direction, BF Borgers staff copied workpapers from previous engagements for their clients, changing only the relevant dates, and then passed them off as workpapers for the current audit period. As a result, the order finds, BF Borgers’s workpapers falsely documented work that had not been performed. Among other things, the workpapers regularly documented purported planning meetings – required to discuss a client’s business and consider any potential risk areas – that never occurred and falsely represented that both Benjamin Borgers, as the partner in charge of the engagement, and an engagement quality reviewer had reviewed and approved the work.

The SEC’s order finds that the Respondents engaged in improper professional conduct and violated, and caused violations of, the antifraud, recordkeeping, and other provisions of the federal securities laws. Without admitting or denying the SEC’s findings as to each of them, BF Borgers and Benjamin Borgers both consented to an order, effective immediately, pursuant to which they are ordered to pay civil penalties and are denied the privilege of appearing or practicing before the Commission as an accountant, as discussed above. In addition, they are censured and must cease and desist from committing or causing violations of the relevant provisions of the federal securities laws.

The SEC’s investigation was conducted by Taryn Lewis, Jake Schmidt, and Ann Tushaus of the Chicago Regional Office, and was supervised by Brian Fagel.




#FixItUpChappie
#CompanyCanAlwaysFindACriminalToHelp

Everytime I make an observation wrapped in doubt they push the stock up. The bags out the cat.

I hear the CEO's criminal trial begins in January. Lots of recycling and catering time in the future!

Well you know their mantra. The volatility is insider created. If the kingpin isn't around to keep the finger on the pulse. Who would want their family members to be tainted with such dealings. $CMGO at 0.0014 today, how soon to be pressed up past 0.0020? The money go round pays the bills.

I'm surprised the FOG hasn't responded. I hear trial dates will be set soon.

Any update on that SEC case. They found Bankman-Fried guilty enough in quick time. What's happening with Glenn's conspiracy case going?

It has reached its band bottom, looks like it's worth a punt if you believe in the $CMGO vol play.

A little birdie told me the Oil Tech company stopped paying people...including their attorney, who dropped them.

#ThePeopleYouKnow
#CriminalsStickTogether