CMGR - Clubhouse Media Group: Investors Joined The Wrong Club

• Many investors appear to have confused CMGR with the social media app Clubhouse, despite no connection.
• CMGR is heavy on hype but lacking in substance. The current stock price is totally out of proportion to their tiny revenues, terrible balance sheet, and dubious prospects.
• Management has engaged in many related-party transactions, which enriched themselves at the expense of outside shareholders.
• Expect shares to trade significantly lower as shareholders come to understand the gap between the hype and reality.

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