Everything I say is my own opinion. Don't listen to me.
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ANOTHER, letter of intent eh? I saw that MDGC had news and I just HAD to read it for old times sake. If the letter of intent is real, it will never be mentioned again anyways.
thewimaxking, YAAAAAY! Oh how quickly you guys forget this companies history.
If I were you I would just sit back and watch this train wreck happen. I have had shares in MDGC for over a year now and the "longs" here will continue to think the KABOOM is right around the corner. MDGC literally goes against every business concept I have ever learned. This is the only company I have ever seen destroy their own competitive advantage, if they ever even had one. This is a self-destructive company run by this fictional character "Val"(I equate him to Big Brother) that I refuse to believe exists. NOBODY, not even a child, would allow their website, the window for the WORLD to look into their company, to have typos that a first grader would be able to correct effortlessly. Once I saw the quality that this company is comfortable with, I knew exactly what this stock was.
So just sit back and wait. Everyday people will say there is a PR coming, it never will. When a phantom PR does occasionally descend from the heavens it will be 100% puffery and absolutely NONE OF IT WILL EVER COME TRUE. NONE Not 1 PR IN THE LAST YEAR has materialized to the extent the corresponding PR claimed it would. I would venture to say this company is teetering, as are most penny stocks, on fraudulent misrepresentation in order to induce reliance by investors. Unfortunately that is a difficult thing to prove when it comes to the stock market or else I would have made money from this company quite some time ago. In court.
Moral of the story, all you need to do is wait for this thing to destroy itself.
I am waiting on the results of any civil suit regarding EIGH. Once I get news of a favorable judgment I plan to pursue a misrepresentation claim and probably throw fraud in and see if it sticks.
I suspect that there are also quite a few individuals still holding onto shares from last years big run that either didn't get out in time, or, saw the potential and held onto some "just in case" shares.
What you call vendors I call material misrepresentation. We will eventually see what the real deal is. I do hope you are right though.
"And now the mesh global site listing every company in that industry suggesting that we are in some way involved with them. "
I brought this to the attention of this board over a year ago, before all of these new recruits joined. This character known as "Val" is truly a genius when it comes to misdirection. He has the majority of investors so confused about what, if anything, the company is pursuing that they all think millions of $ are just around the corner.
MDGC tweets about Google, Oracle, Microsoft, Verizon, AT&T, Sprint YOU NAME IT, MDGC name drops them allllll. I have faith you guys will get it soon.
Anyone who relies on this as a trading strategy will loose a lot of money extremely quickly.
If my memory serves me correctly, the "speed" test MDGC claimed to conduct did not conform to industry speed test standards. As I said, if my memory serves me correctly, I think they posted a screen shot from a speed test website. lol
I HOPE they would not announce these tests via PR if this is the case. Some false advertisement claims could arise if these tests were not conducted properly and they advertise these tests as a means to attract customers.
Always dangerous to make statements like that. I have been in this stock for about a year now and I have seen it do some pretty crazy things. We are due for a run, but, if it is not supported by news or some positive motion from the company, the pps may fall again.
If even half of my assumptions about this company come true then ONE day we will reach the point where .0003 is an absurd number, but, I don't know if that time is now.
More misdirection from MDGC.
Odds are you are completely right about the smoke and mirrors. I am surprised more people have not noticed the fact MDGC tweets about topics and/or companies that they have absolutely no ties with in order to sway the gullible investor.
Fortunately though, you can still make money flipping despite the deception and a copy/pasted business model that a freshman in undergrad could probably improve on. All of that said, don't waste your time pointing out the obvious on this board. This time next year the same exact people will be posting about an upcoming run or some mysterious PR that will be a real "game changer" to take this play to the moon and it will never come. Same story every week with these people.
For the new people to the board, check out the old PR's. You may notice that last year RELM began conforming to GAAP, a step usually taken by companies looking to be acquired or undergoing major internal change, usually for the better.
There is a reason why most of us have been sitting on shares for about a year now.
This will go to .01 again, then, its gonna fall back to where it is now. Then it will happen all over again. Follow your gut.
I like your reasoning and I wish this board had 10 more like you. MDGC has been performing lip service as you would call it for nearly an entire year since I bought in. I was a believer, now I am not. Not because I am bashing, but, because this company has proven to me they are not as competent as they claim to be.
I have nothing positive to say about MDGC until at least half of the things they say come true. Holding them responsible for only 50% of what they tell investors is not only fair, its quite generous. Put up or shut up MDGC.
Sure hope this thing runs. Been sitting on shares for almost a year.
You are correct, and, the SEC will not let up anytime soon. The SEC will probably take EIGH, as it exists now, down. By EIGH doing this merger, they are trying to form a new entity separate from EIGH and start fresh, free of bad press.
Has anyone even stopped and thought about what type of company would even merge with a company like EIGH who is under investigation by the SEC? Most contracts I have seen even similar in nature to a merger have a clause that clearly states that the company being "assimilated" must be free from litigation. Any company who wants to be associated with a company under SEC investigation must not have much of a reputation to protect. Just use your heads on this 1.
And they cant sue you for posting your opinion. Just don't misrepresent yourself and make it clear that you are posting facts or opinions in good faith and without malice. The very nature of this website says that it is opinion based and no reasonable person would rely substantially on what they read here. Also, for a party, in this case EIGH, to enter court with unclean hands is almost always legal suicide.
What exactly would your cause of action be if you were to bring suit against EIGH? What is your injury? Surely it is not the loss of money since there is clearly an assumption of risk when investing. You could try fraud, but, you would need very specific and particular details. Do you know who would have jurisdiction over the case?
The best way to make this company face consequences for its deceptive business practices is to regularly write e-mails to the SEC. This ordeal is far from over and this PR will not distract the people who matter from the real issue. Trust me =)
This is exactly why I find so much comfort in each and every letter I have written to the SEC and various other agencies/individuals who have the power to aid me in my mission to make this company regret the day it lied to investors.
My shares are a sunk cost, revenge is the profit I am after.
These are the lies many of the people of this board feed on. Not only will they not be removed, but, the next lie from MDGC to hit the internet will also be posted and referred to as proof that everyone has made a smart investment choice.
I have to hand it to MDGC, to be able to produce, almost exclusively, false information and still have such a loyal group of followers is astonishing. I think Enron tried a similar strategy but it did not work out so well. If I had known while I was taking business classes that all I really needed to do was make a company and "Tweet" about things OTHER companies are doing in order to survive and attract investors, I could have saved a lot of time and money and just skipped school all together. Maybe one day MDGC will tweet about something it has ACTUALLY accomplished. And maybe one day the people who have all this free time to sit on Twitter will write a PR or actually do some work.
This is comedy at its finest.
You had better watch yourself with posts like that on this board! Asking valid questions and expecting timely and relevant answers is strictly forbidden.
I learned months ago that there are no answers to the questions you are asking. I learned that "val" will continuously update investors and continuously leave unanswered questions, hint at big things to come, and essentially refuse to answer the questions that have been presented to him.
The only solution is to stop thinking of this as an investment, once you do, your trading instinct will kick in and the problem is solved. BUT, I always hold on to some shares juuuuuuuuuuuuuuuust in case! ;p
95% of the things people post on this board about MDGC are misleading. Just because his post may be negatively misleading he is no more at fault than the people who post "in 6 months everything will make sense." I even saw a post today that said "most of val's promises have come true" and if that is not misleading I don't know what the hell is.
Last April everyone was screaming from every roof top they could find that by the end of the year "we would all be very happy" or "we would all have an amazing Christmas" lol, some people were even expecting to be millionaires by now.
Give it a try, just read this board and forget for a moment you are actually invested in the company and I guarantee the posts here, including Pr's, will either make you laugh or cry.
Good post, BUT, the quote you provided from a newsletter about the status of the China project can hardly be considered proof.
"MediaG3 is looking into the exact capital requirements and the actual profits to be derived from each of these projects."
Literally, without any exception, EVER, this is what every single company in the world does regarding any material project. Every single business from the bakery down the street to international corporations like Wal Mart has to "look into the exact capital requirements and the actual profits to be derived from each of these projects."
This is essentially the equivalent of saying "before I began my road-trip I had to put gas in my car." Of course I would have to put gas in my damn car! How the hell else would I drive it? This is pseudo transparency. I give you some mundane and immaterial fact and the easily pleased and/or gullible feel like they have been given a valuable piece of information and they run with it.
People should really stop being fooled by the same tricks. There is a saying for people who are continuously fooled...
news of them selling software licenses to large firms would be even better. ;p
Have there been any status updates on this lately that I have missed? I either forgot about this or just missed it entirely but the Versalign "project" does sound interesting.
If you are thinking merger or acquisition, lets be completely honest with ourselves for a second. If it was a BIG merger or aquisition, we would probably see some signs of it already. Insider trading is a reality and if something big was coming down the pipe, insiders would at the very least be slowly accumulating shares and I think we would see more consistent buying pressure on a daily basis. I also don't think the pps would not have fallen this low. Six Months or so ago I watched RELM hover around .0012 for months it never even came close to the pps we see now.
Not bashing by any means, I just wish some corrective measures could start being implemented.
Primarily the fault of the company for the way RELM is trading. There is absolutely no reason why any responsible CEO would allow this to happen to his/her company stock and not say a word about it in a PR.
In case anyone finds this interesting,
Just saw my first commercial for Verizon LTE services. I live in Florida at the moment so I don't know if they are only playing here or if its everywhere.
He has no case against anyone, for any reason, and the same goes for EIGH. I have no idea why EIGH would submit "defamatory statements" to the SEC. Unless the SEC has started litigating civil cases, which is what this would be as far as defamation is concerned, then EIGH is wasting their time. Additionally, EIGH has no cause of action and no court would allow a company with unclean hands to recover in this type of case. As long as nobody on this board has misrepresented themselves as an authority, or someone speaking on behalf of the company, you cannot be sued for stating your opinion. Thanks to the bill of rights on that one. The company would also have to prove that your comments directly lead to material harm and/or loss.
If anything, EIGH should be hiding under a damn rock hoping nobody finds a way to sue THEM. The lawyer who attempts to take EIGH's case to court will probably be sanctioned and the same goes for Monk.
That's my 1 post of the day. Now I am off to write more letters to the SEC until someone gets arrested and/or fined.
Oh and also, just in case you have spoken negatively on this board and forgot to put IMO at the end, don't worry, you don't have to. The very nature of a board/blog that allows posting by the public creates an implied opinionated atmosphere and as long as you have not misrepresented yourself, you will be just fine. Don't let these people scare you, the very idea of submitting posts from people on this board to the SEC is laughable.
This is the best post I have seen on this board in months, thank you. I am always happy to see people reach logically sound conclusions.
Whoever it was(forget who's post it was) that was arguing that a lack of evidence is proof to the contrary should discontinue that line of thinking. You are basing your argument on a fallacy and that normally leads to an incorrect conclusion.
To say there is no evidence to prove the patents are relevant so therefore they must be relevant would be like me saying elephants are gray therefore everything gray is an elephant.
If this post made any of you cry because you think I am bashing, don't worry, I have no idea whether or not the patents are relevant in today's market. My only point is that typically when dealing with technology, the "new" and cutting edge technology becomes old pretty quickly. Only a couple years ago dual core processors were the wave of the future, but, TODAY they are pretty standard. If MDGC has somehow figured out how to defy this trend, then congratulations to them.
A few months back RELM was talking about conforming to GAAP, anyone heard any developments about this?
I know RELM has the tendency to sit idle for months at a time, but, I am just curious if the company is working towards any goals at the moment or just waiting for the next round of PR's.
This IS me chilled out. Compare my posts now to those a couple months ago and I think you would agree.
I know crazy things can happen with companies like MDGC. I think I read something yesterday about Cisco buying some small company that made ONE software program for 1billion $.
I am still hoping that will happen here ;p
Don't even get me started on that 1.
Eventually people will start to see the pattern. MDGC sets a date,they push it back, miss that date, release a PR that gives NO DATE and hints that it will be done "soon" then a month later we get news for a completely unrelated manner.
They are talking about white spaces now, but next month they could be talking about Tv's, space travel, or peace in the middle east. Who knows.
I have yet to see the company start and finish a project while keeping investors abreast of the progress and developments.
There are so many pending issues with MDGC, lets count a few:
1. Thewimaxking
2. Patent infringement
3. Lawsuits
4. Licensing
5. China
6. audited financials
and many more. You guys will see soon enough I guess.
Again, not bashing, just frustrated and impatient as usual ;p
There is much more happening than just a halt =)
I have dedicated a decent bit of my spare time to make sure EIGH faces consequences for the events that took place last month.
I am only getting started.
Good question,but, far from a new issue to this board. People have been asking for months why it is that this company, who is alleged to have so much potential, seems to be an unheard of entity within major sectors of the industry, such as the WIMAX forum. The forum is literally directed towards the advancement of the technology and if MDGC claims were true, I would imagine that the forum would be quite interested.
In my mind, I correlate this situation to other organizations formed to monitor, regulate, or advance technology. It would be like an organization formed to monitor nuclear technology and advancement of the technology BUT forgetting to include the United States in any of their meetings. If the organization chose not to include the worlds biggest nuclear power it could mean 1 of 2 things.
1. The U.S. is actually not a significant nuclear entity.
or
2. The U.S. is the nuclear entity that everyone knows it is, but, because of some error or lack of insight by the organization, the U.S. was overlooked.
I hope option 2 relates to MDGC
What ALL of this really comes down to is the company sharing more information with investors. We have been told what MDGC has, but, we need to be shown. Show us why MDGC technology is faster, more efficient, prove the batteries last longer.
To anyone tempted to respond with a comment along the lines of "be patient" please spare me. The patient argument only lasts so long. I have been told to be patient for about 8 months or so, each time I am assured that I will be inundated with news in the near future and all of my questions will be answered.
"Be patient" is not an argument that can support itself, only facts are capable of doing that.
I am waiting until thanksgiving for now. I know the date will be pushed back, yes, I KNOW it will be pushed back, not imo. I know the hard deadline will change because that's what this company does. I am expecting to hear something before Feb though and I am patient enough to wait that long. And as usual, I would love to be wrong and get news early.
I could be misunderstanding you, but, it was not my intent to imply that MDGC is meeting with itself. The exact opposite actually, I want to know what external individuals/groups they met with and for what reason.
11-3-10 PR Thoughts!
I read over this Pr a couple of times and will admit that I am generally happy with the idea of actual progress being made towards a hard deadline, Thanksgiving. If we assume all of the facts in the PR are true, which they very well could be, then the only thing left is to attract customers, such as the mayors and others mentioned in the PR.
Does anyone remember the public relations/marketing firm that MDGC works with? As long as they can handle the task ahead of them in terms of establishing a customer base, which could theoretically be satisfied through the demonstration of the technology alone, then MDGC investors may see some green days ahead in early 2011.
The main thing I found interesting about the PR was the following:
"The companies have met with and secured additional agreements for fiber provision, infrastructure, equipment, engineering and installation to begin deployment on their first pilot projects..."
This sentence makes me wonder who the companies have met with and the nature of the meeting. Was MDGC meeting with suppliers who could provide fiber, infrastructure, and equipment? OR, was MDGC meeting with other companies looking to invest in the project by supplying equipment? Since they only say "met with and secured" it leaves me seriously wondering WHO they met with.
I need to find some statute or provision that will allow me to sue EIGH under promissory estoppel.
Who can help me prove the reasonable reliance element?
Agreed. But, I think even you have to admit that MSFT has lost some money because of Apple.
lol that was literally my only point. Not saying wimax will fail, alllll I'm saying is that it will have some serious competition.
I hope for your sake that the post you just came up with is a joke.
I have shares of Microsft, bestbuy,Verizon, a few pharmaceuticals and Activision.
Where exactly have I lost money? Are you reffering to EIGH? I bought in at .047 and sold half my shares at .42 and made a little over 9k
Please enlighten me.
Never said wimax has no future. Just today I posted about the niche market MDGC will hopefully establish itself in.
My point, and my only point is that goods and or services flourish when there are no immediate alternatives. Not saying wimax will fail when LTE comes out in full force, but, sales will surely retreat SOME with the competition.