CMG Holdings Group Inc (CMGO)

[makingwaves]

I spoke with Glenn earlier. Both he and Barbara got back late last night from the settlement hearing which lasted about 3 hours. Given the nature of the case and the sensitivity of what transpired during the settlement Glenn could only convey so much to me but what he was able to say is that the settlement discussions are still ongoing with the plaintiffs being very far apart on agreeing to what the defendants were offering. In the mean time CMG's attorneys will continue to prepare to go to trial. Glenn also mentioned that he will be making efforts to bring CMG current in the coming weeks.