CMG Holdings Group Inc (CMGO)

[LouisDesyjr]

What is it worth? Where are the details?

The problem is what is it worth. So far it does not adds up to anything near $20 million. That is the problem.

The case has been going on for months and if there are $20 million in damages, it should be there.

If the details are not in discovery, where are the filings/motions from CMGO asking the court to compel the defendants to comply with discovery? The answer so far appears to be that it is the company that is not complying with discovery and the defendants filing motions to compel Laken and the company to comply with discovery.

If CMGO is going to recover anything like that amount of money of $20 million, they need to put into a filing more than the $233K or so of equipment plus detail how much revenue and profit was being made.

While I have not read every single document, I did read the transcript plus doc #19, plus the second amended complaint; and the simply fact is I can't even see $1 million damages, let alone $20 million. That is the problem.

There appears to be the implication that on some of the items that the employee paid for them themselves and then the company never reimbursed them; so the people took back their stuff. If that was what happened on some of the items, then the company did not suffer any damages since they couldn't, wouldn't and didn't pay for it.

Louis J. Desy Jr.