Clubhouse Media Group Inc (OTCMKTS: CMGR) made a powerful run up the charts on Wednesday topping $0.02 per share and closing just under the $0.01 mark after the Company announced it has finalized a brand promotional deal with Rob Gronkowski, through their partnership with The Reiman Agency. Rob is a four-time Super Bowl Champion and five-time Pro-Bowl selection. He previously played nine seasons for the New England Patriots, then two seasons with the Tampa Bay Buccaneers. Gronkowski has become widely known as a professional athlete as well as an entertainer and has made many guest appearances on different shows and at different events such as Entourage, Family Guy, Shark Tank, and WrestleMania (to name a few). He also has a large social media following, boasting 4.5M on Instagram alone.
Penny stocks are once again heating up and making explosive move northbound and we could not be more excited about it. Out of the depths of some of the worst days in recent stock market history penny stocks suddenly started making parabolic moves. TXTM did a lot to bring back confidence to the OTC. Here’s to CMGR doing the same and bringing back the days when TSNP went from triple zeroes to $6 plus. CMGR is fully reporting under a penny; the Company is an influencer-based marketing and media firm with a global aggregate social media reach of over 100 million followers, is excited to announce that it has surpassed 1 billion impressions per month for the content published by its network of influencers.
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Clubhouse Media Group Inc (OTCMKTS: CMGR) is an influencer-based social media firm and digital talent management agency. The Company offers management, production and deal-making services to its handpicked influencers, a management division for individual influencer clients, and an investment arm for joint ventures and acquisitions for companies in the social media influencer space. CMGR management team consists of successful entrepreneurs with financial, legal, marketing, and digital content creation expertise. The Company is led by CEO Amir Ben-Yohanan.
Through CMGR subsidiary, West of Hudson Group, Inc. (WOHG), the Company generates revenues primarily through Doiyen, LLC a 100% wholly owned subsidiary of WOHG, talent management of social media influencers; through WOH Brands, LLC, 100% wholly owned subsidiary of WOHG, which operates Honeydrip.com, a new digital platform with a focus on the empowerment of creators. The site allows creators to connect with fans and sell exclusive photo and video content, through Digital Influence Inc. (dba: Magiclytics), a 100% wholly owned subsidiary of WOHG providing predictive analytics for content creation brand deals; and for paid promotion by companies looking to utilize such social media influencers to promote their products or services. CMGR solicits companies for potential marketing collaborations and cultivated content creation, work with the influencers and the marketing entity to negotiate and formalize a brand deal and then execute the deal and receive a certain percentage from the deal. In addition to the in-house brand deals, CMGR generates income by providing talent management and brand partnership deals to external influencers.
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WOHG is the 100% owner and sole member and manager of each of these entities pursuant to each of the limited liability company agreements and bylaws, where applicable, that govern these entities, and has complete and exclusive discretion in the management and control of the affairs and business of WOH Brands, Doiyen, and Magiclytics possesses all powers necessary to carry out the purposes and business of these entities. WOHG is entitled to the receipt of all income that these entities generate.
In addition to the above, WOHG is the 100% owner of two other limited liability companies – Clubhouse Studios, LLC, which holds most of the Company’s intellectual property, and DAK Brands, LLC, each incorporated in the State of Delaware on May 13, 2020. However, each of these entities has minimal or no operations, and is not intended to have any material operations in the near future.
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CMGR is an SEC filer with all SEC filings up to date and could go on the OTCQB fairly easily here. The Company does have some debt on the books which has caused dilution in the past. But CMGR is an exciting story developing in small caps; they just got four-time Super Bowl Champion Rob Gronkowski which should continue to bring significant publicity to the Company. Revenues are on the rise with CMGR reporting $813,470 in sales for the 3 months ended March 31, 2022 up from $523,376 for the same period last year. The float is just 6,919,450 shares with AS set at 2 billion and OS at 173,631,936. With the kind of publicity CMGR is getting with this float could result in a record setting run. We will be updating on CMGR when more details emerge so make sure you are subscribed to Microcapdaily so you dont miss out.
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Disclosure: we hold no position in CMGR either long or short and we have not been compensated for this article.