Skip to main content

CBMJ Posts Quarterly Report – Completes 59.7M Share Reduction

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Powder Springs, GA, Nov. 17, 2022 (GLOBE NEWSWIRE) — via NewMediaWire – Conservative Broadcast Media and Journalism posted its quarterly report Wednesday 11/16/2022.  

During the quarter, the company completed the sale of the e-commerce business, retired the shares and reported a loss of ($.01) per share.  As part of the sale, the company returned 59.76M shares of common stock, reducing its issued and outstanding share count to 359.4M. The float remained unchanged at 92M.

The operating loss for the quarter was $159K.  The company took a non-cash charge of $3.5M. 

The company will continue focusing on its web business www.flagandcross.com , its client services, data base management, email list rentals, web development and consulting business. 

Commenting on the quarter, Mark Schaftlein, CEO, stated: “We materially downsized the business exiting the e-commerce business to enable us to restart our growth opportunities in other areas. With the share reduction completed, we now have those opportunities.” 

About CBMJ: (CBMJ) Conservative Broadcast Media and Journalism is a Digital Media Company based in Metro-Atlanta that specializes in reaching a conservative/libertarian/religious audience.  CBMJ owns an active database of email subscribers, and publishes the marquis monetized political/news website www.flagandcross.com . CBMJ also distributes the increasingly popular TV, radio, and social media segment “The Schaftlein Report” hosted by economic analyst, political commentator Mark Schaftlein. https://schaftleinreport.com/ .

Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain, based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release and matters disclosed at www.otcmarkets.com . These risks and uncertainties could cause the company’s actual results to differ materially.

Conservative Broadcast Media & Journalism
Mark Schaftlein
877-704-6773

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.