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Replies to post #121191 on CMG Holdings Group Inc (CMGO)
01/10/20 5:05 PM
01/10/20 6:34 PM
We have received an initial response from our attorneys.
They discovered a pattern of manipulation they believe is being perpetrated by at least two shareholders of CMG.
Manipulative selling depresses the price of the stock and is unlawful.
Counsel has advised the appropriate market makers of this activity and has also issued Cease and Desist letters to the shareholders in question.
This is the first revelatory information to come back; our attorneys are continuing to look at patterns and may have additional information in the near future.
We intend to continue our efforts to protect the orderly market for our stock. If our efforts to end this behavior are not successful, we will not hesitate to take the issue to the next level and will keep shareholders apprised.
