The Marquie Group Announces Cancellation of Buy-Sell Agreement
Rhea-AI Summary
The Marquie Group (OTCID:TMGI) announced the termination of a previously disclosed buy-sell stock agreement between CEO Marc Angell and Ryan O'Leary. The cancellation was due to the parties' inability to reach mutually acceptable terms.
The announcement was made through an 8-K filing with the SEC, with CEO Marc Angell expressing gratitude for O'Leary's time and effort in exploring the opportunity.
Positive
- None.
Negative
- Failure to complete previously announced buy-sell stock agreement
- Potential strategic opportunity lost due to inability to reach agreeable terms
ST. PETERSBURG, Fla., Aug. 26, 2025 (GLOBE NEWSWIRE) -- The Marquie Group Inc. (“TMGI” or the “Company”) (OTCID:TMGI), today publicly announced via a Form 8-K filing with the U. S. Securities and Exchange Commission that the previously announced buy-sell stock agreement between the company's Chief Executive Officer, Marc Angell, and Ryan O'Leary has been terminated. The parties were unable to finalize mutually acceptable terms. Marc Angell stated, "I wish Ryan continued success in his future endeavors and sincerely thank him for the time and effort he invested in exploring this opportunity.”
Cautionary Disclosure About Forward-Looking Statements
This press release may include forward-looking statements. These statements reflect the Company’s current expectations and assumptions regarding future events and involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied. Words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” and similar expressions are intended to identify such forward-looking statements. These statements are subject to numerous risks and uncertainties, including, but not limited to, the Company’s ability to execute its business strategy, maintain adequate financing, and achieve operational objectives. The Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release, except as required by law. Actual results may differ materially from those anticipated due to various factors detailed in the Company’s filings with the SEC.
For The Marquie Group, Inc:
Marc Angell
Chief Executive Officer
800-351-3021
marc@tmgiusa.com
FAQ
What happened to The Marquie Group's (TMGI) buy-sell agreement in August 2025?
Who were the parties involved in TMGI's cancelled stock agreement?
How did The Marquie Group (TMGI) announce the cancellation of the buy-sell agreement?
What did TMGI's CEO say about the cancelled agreement?
