CMG Holdings Group Inc (CMGO)

[FergusVI]

What you witnessed there was what we used to call a bear raid.

A concerted effort by a group of short sellers to artificially effect the price of a stock by manipulating it downward. There were a number of times today this group was trading with itself to distort this stock and make it look like there was more selling than there was.

You ask isn't this illegal?.... and the answer is yes. The problem is trying to get anyone to do something about it. There is no question that this was naked short selling for certain. You can't borrow enough to do this on the straight and narrow. This doesn't have anything to do with this being fully reporting or not, this has to do with picking a target and blasting away.

Cmgo is just starting to really get things going.... and then this.

I don't have any real answers but I wanted to share one mans opinion with the crowd and I am very sure I am right.