CSMG Technologies, Inc (fka CTGI)

[bbhuey]

If you look at the same 10Q as of 9/30/08,LTC preferred ed shares that were not issued as of that date were valued
at $1.37 per share by an independent valuation firm.

They were supposed to be issued for $1 per LTC preferred share
with all of the losses and debts and converttible notes
and etc.

I do not know if these shares have been issued since or the details of the valuation.

In addition there has been a lot of stock based compensation and stock for note conversions that utiliized no cash
for over $3M plkus whichle they got from Empire initially
$3 M and another extension of another $3M totalling over $6M.

It maybe a false assumption that they are out of cash
since they have done note conversions in the past.



No officers or part of managment have sold their stock
and there are only 55,000 shown as being short currenlty

So is there someone related to their recent financing
shorting this convertible note in Canada or on the Berlin exchange?

It is typical when a convertible note is issued that the
issuer will short the stock to limit their losses by locking in their stock value.

So who is the big bad wolf?

Regards,

BBhuey