- 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.
For further details see:
Clubhouse Media Group: Investors Joined The Wrong Club