CMG HOLDINGS GROUP,

CMGO
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CMG HOLDINGS GROUP, INC. : Other Events (form 8-K)

10/23/2020 | 10:03am

Item 8.01. Other Events

CMG Holdings Group Inc. pursuant to their Board of Directors approved a repurchase program on June 10, 2019 to buy back up to 100 million common shares over the next two years. The Company announced today that it is continuing the repurchase program by purchasing 1,370,000 common shares in the market at an average price of $.007853 between October 21 and October 22, 2020. The shares purchased in this announcement and future purchases will be retired to the treasury which will reduce the corresponding amount from the outstanding total share pool.

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