CMG HOLDINGS GROUP, INC. : Other Events (form 8-K)
February 11, 2020 at 09:07 am EST
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Item 8.01. Other Events
CMG Holdings Group, Inc. (CMGO) reports that the Company has recently
repurchased 1.2 million shares in the open market at an average price of .00625,
for retirement to Treasury. To date, the Company has repurchased in excess of
8.6 million shares under its 2019 Board-approved share repurchase program of up
to 100 million shares. Management continues to believe the shares are
significantly undervalued.
The Company has engaged the accounting firm of B F Borgers CPA PC. Mr. Borger's
firm is PCAOB-registered and will be performing the audit and providing guidance
necessary for CMGO to become fully-reporting with the SEC. We expect the process
to take approximately 60-75 days. After the process is complete, it is the
intention of management to uplist CMGO to the OTCQB for greater liquidity and
transparency for investors subject to exchange listing requirements.
CMG Holdings Group, Inc. is a marketing communications company focused on the operation of organizations in the alternative advertising, digital media, experiential and interactive marketing, and entertainment industries. The Company's segments include XA The Experiential Agency, Inc. (XA) and CMG Holdings Group. It operates in the sectors of experiential marketing, event marketing, commercial rights, and talent management. Its experiential marketing includes production and promotion, event designs, sponsorship evaluation, negotiation and activation, talent buying, show production, stage and set designs, data analysis, and management. It also offers branding and design services, including 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 a customary private digital media network to develop individual broadcasting digital media channels.
CMG HOLDINGS GROUP, INC. 
