Announcement • May 01
Clubhouse Media Group, Inc. Releases Tik Tok-Like Video Feature on Honeydrip.com Clubhouse Media Group, Inc. announced that HoneyDrip.com has enhanced the site and added a video page similar to Tik Tok. Users now have the ability to swipe through videos of various creators and subscribe instantly to their favorite performers. HoneyDrip.com is a digital platform designed and wholly owned by CMGR with a focus on the empowerment of creators. The site allows creators to connect and engage with fans and monetize exclusive content. New Risk • Jun 10
New major risk - Revenue and earnings growth Earnings have declined by 24% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$1.6m free cash flow). Share price has been highly volatile over the past 3 months (81% average weekly change). Negative equity (-US$9.5m). Earnings have declined by 24% per year over the past 5 years. Shareholders have been substantially diluted in the past year (over 48x increase in shares outstanding). Market cap is less than US$10m (US$1.73m market cap). Announcement • May 16
Clubhouse Media Group, Inc. announced delayed 10-Q filing On 05/15/2023, Clubhouse Media Group, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 28
Clubhouse Media Group, Inc. Announces Executive Changes Clubhouse Media Group, Inc. (CMGR) announced that Scott Hoey will take over as Chief Financial Officer of CMGR, following the resignation of Dmitry Kaplun. Mr. Kaplun will become a financial consultant to the company. Announcement • Apr 14
HoneyDrip.com Appoints M.CHERiE Chery as Creative Director Clubhouse Media Group, Inc. announced that Joshua M.CHERiE Chery, has joined the HoneyDrip.com team as Creative Director. Honeydrip.comis a new digital platform designed and owned by Clubhouse Media Group with a focus on the empowerment of creators. The site allows creators to connect with fans and sell exclusive photo and video content. M.CHERiE is a renowned creative director and visual artist in the digital content space. He has made a name for himself within the fashion and film circuits, working closely with companies such as Wilhelmina, Vogue, Calvin Klein, and Honey Birdette (amongst others), and creating content with some of the most well-known models in the industry. Announcement • Mar 10
Clubhouse Media Group, Inc. Announces Additional Enhancements on Honeydrip.Com Clubhouse Media Group, Inc. announced that wholly owned HoneyDrip.com, has implemented additional sitewide enhancements. Honeydrip.com is a new digital platform designed and owned by CMGR with a focus on the empowerment of creators. The site allows creators to connect and engage with fans and monetize exclusive photo and video content. Announcement • Feb 24
Clubhouse Media Group, Inc. announced that it has received $0.158 million in funding from One44 Capital LLC Clubhouse Media Group Inc announced that it has entered into a securities purchase agreement for a private placement of a convertible promissory note for gross proceeds of $158,000 on February 23, 2022. The note will have a principal amount of $175,500 and will be issued at a 9.97% discount. The transaction included participation from One44 Capital LLC. The note matures on February 16, 2023 and will bear interest rate of 4% per annum.. The note may be prepaid. Announcement • May 21
Clubhouse Media Group Inc. Announces Official Launch and Initial Client for Magiclytics AI Subsidiary Clubhouse Media Group Inc. announced that its recently acquired subsidiary, Magiclytics, the world’s first Influencer-Based Marketing Revenue Prediction Software platform, has fully launched. In addition, Magiclytics has already acquired its first significant client, Pink and Blue Co., a California-based online jewelry and fine goods company focused on commemorative pieces related to childbirth. As a primary feature of this client relationship, Magiclytics will provide Pink and Blue with the following core services: Understanding the historical performance of Pink and Blue’s previous influencer campaigns on Instagram; Identify and match Pink and Blue with the right influencers to use in future campaigns (based on Magiclytics proprietary AI-driven predictive analytics); Predict performance of future influencer campaigns down to an exact dollar amount forecast. Through advanced analytics, machine learning, and AI, the Magiclytics platform is designed to allow brands to identify which influencers to work with and to provide guidance on revenue generation potential through influencer campaigns. Announcement • Mar 12
Clubhouse Media Group Inc. Announces Executive Changes Clubhouse Media Group Inc. announced that effective March 4, 2021 entered into three separate director agreements with three of its current directors: Amir Ben-Yohanan, Christopher Young, and Simon Yu. The Director Agreements set out terms and conditions of each of Mr. Ben-Yohanan’s, Mr. Young’s, and Mr. Yu’s role as a director. Pursuant to the Director Agreements, each of the Directors agreed to serve as a director of the Company. The Company acknowledged that each of the Directors currently hold positions with other companies, and agreed that each Director may continue to hold such positions so long as they do not interfere with the Director’s duties as a director of the Company. Announcement • Feb 09
Tongji Healthcare Group, Inc. (OTCPK:TONJ) completed the acquisition of 5.1% interest in Digital Influence Inc. Tongji Healthcare Group, Inc. (OTCPK:TONJ) entered into a definitive agreement to acquire 5.1% interest in Digital Influence Inc. on December 3, 2020. As part of consideration, Tongji granted Digital Influence the right to request that Tongji to provide Digital Influence up to an aggregate of $1 million for the purposes of reimbursing Digital Influence for its costs incurred in connection with the Share Exchange Agreement and shall issue to the applicable Magiclytics Shareholder a number of shares of Tongji's Common Stock equal to (i) $1,400, divided by (ii) the Share Price as of the Closing Date, with any fractional shares of Tongji's Common Stock issuable being rounded to the nearest whole share. As per the terms, The Magiclytics Shares to be acquired by the Company pursuant to the Share Exchange Agreement is expected to occur in multiple closings. Pursuant to the Share Exchange Agreement, the parties agreed that the Tongji will acquire only 255 (or 5.1%) of the Digital Influence Shares initially. The transaction is subject to due diligence investigation, approval from Board of Directors of Tongji and Magiclytics and all other necessary approvals. The board of directors of Tongji has approved the agreement. John Cacomanolis of Anthony L.G., PLLC acted as legal advisor to Tongji.
Tongji Healthcare Group, Inc. (OTCPK:TONJ) completed the acquisition of 5.1% interest in Digital Influence Inc. on February 8, 2021. Announcement • Jan 09
Tongji Healthcare Group, Inc. Announces the Launch of 'Clubhouse Vegas' in Las Vegas, Nevada Tongji Healthcare Group, Inc. announced the upcoming launch of “Clubhouse Vegas” in Las Vegas, NV, planned for this quarter, which will be the Company’s fifth content creation mansion. Management notes that Las Vegas represents a market well-situated geographically for an expansion of the Clubhouse ecosystem. It features an attachment to the 21-plus age bracket, higher household income levels, and an international appeal, all of which complement the predominantly teen and young adult focus of the Company’s current influencer ecosystem. 