To all $CMGO Shareholders and those considering investing:
It's easy enough to make villains of those who are troubled with the CEOs past, his repeated patterns of looking after himself before shareholders, and his ineffectiveness as a manager, let alone a CEO. Sometimes, it's easier to stay in the light and support a CEO, even when you know they are wrong. Perhaps it's pride. Perhaps it's a Stockholm Syndrome type psychological effect. Perhaps it's just so the guilt doesn't weigh heavy on the shoulders so often. Here are some indisputable facts
- Laken was convicted of racketeering conspiracy, bribery and fraud, all involving stocks. He later lost an appeal to vacate those charges, while vacating the restitution he was to originally pay. The appeal clearly shows the restitution was vacated because the Prosecutor was unable to separate co-conspirators, from innocent third parties who lost money when FinancialWeb.com's shares plummeted after their largest shareholder was arrested for stock fraud.
- The CEO's conviction was based in part on schemes using Pension Funds.
- $CMGO released an 8K involving an Irish Pension Fund financing part of the HG litigation. This may have involved a portion of the settlement payments as part of the terms. It's a fair question to ask the CEO.
- The FinancialWeb.com scheme looks familiar. Here's a good read about it. In this scheme, the current $CMGO CEO was a "consultant" for FinancialWeb.
These "agreements were notable for another reason: a lack of specifics. According to SEC filings, there was no defined role for the consultants. There was no specific dollar value placed on their work." Oddly enough family members of the BOD have also been paid as consultants. It is fair to ask what was their role and what is the specific dollar value placed on that work?
- Yes, the CEO and family members have provided loans to the company. It's fair to ask what those terms were, what the APR is on the loans, and how those are to be repaid.
These are just a few of the facts
that are trying to be twisted into some conspiracy theory. Where are the real conspiracy theories to be found? In the CEO's own tweets. In the deception of old business as new. It's that simple.
I concur. The CEO should be contacted. Repeatedly and relentlessly and these are just a few of the questions the CEO should be required to address. Direct questions. Not about shareholders, conspiracy theories, or shorts. Real, honest questions that shareholders deserve to have answered.
ETA: Here's a whole list of questions to consider: https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149029768
Also, the CEO's phone number and email address are posted in PRs and on the company website.