CMG HOLDINGS GROUP, INC. : Other Events (form 8-K)
January 06, 2020 at 10:32 am EST
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Item 8.01. Other Events
Pursuant to the share buy-back approved by the Board of Directors on June 10,
2019, CMG Holdings Group announces the purchase of 3.3 million shares in the
open market at an average price of .0063. To date, the company has purchased
over 6. 4 million shares. In addition the CEO of CMG has recently purchased 2.1
million shares in the open market.
On Friday January 3, CMG filed an arbitration proceeding against our former
auditors for gross malpractice. If CMG prevails with these claims, as we expect
we will, the company has the potential to collect another significant judgement.
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.