Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Your assessment of the sorry situation at MDGC is spot on. Great work!
A lot of honest, hard working CEOs like Frank start out making a sincere effort. But as time drags on and on, CEOs like Frank start selling more and more and even more shares to a seemingly more and more hostile and throughly ungrateful public.
Frankly, Frank discovered selling shares is easier and more lucrative than slicing tomatoes and frying potatoes and soaking the bean curd.
Almost every share shorted out. Hmmm... MMs do not seem worried about taking the loot in exchange for soon to be worthless shares.
20110311|MDGC|5236905|0|5616416|O
http://regsho.finra.org/FORFshvol20110311.txt
.
Meshglobal is a company Val created on paper in Sept. 2010 as an entity to which he can subscribe anything he wants, true or false. Whoever wishes to drink the Meshglobal kool-aid is free to do so. Val will certainly be stirring up yet another pitcher once this effort falls flat -- as usual.
The link you provided says this:
LMDS - Factbites
Broadband Wireless Access: the LMDS market in Europe (Site not responding. Last check: 2007-10-10) LMDS (Local Multipoint Distribution Service), which is currently in its ...
Um, the next time a known heavyweight short looks at the stock you have fallen in love with, divorce it quick. Whatever stock it is, it's toast for at least a short while, usually long enough to avoid the wash sale rule when you repurchase it.
MDGC: A perfect example of bag holders stuck at higher prices who fell hard for the baloney. Now they simply repeat the BS they fell for to anyone who might listen!
Val is constantly wiping the slate. He has had to -- frequently. Once one pipe dream fails, he trots out a fresh one to string the shareholders along. Now we are back to that patent where using a diplexer (signal splitter) and sectorizing antenna (of which there are examples going back decades) is going to change the telecom universe! LOL
The simple fact is that Val the vacuum cleaner salesman can talk game but hasn't the brain. Pitifully, nothing will help improve that fact.
Val's imagination must be running dry. He's down to listing every possible connection among suppliers and vendors for the ISP he bought service from. LOL Too funny. Of course, he is used to running down all the parts suppliers for the Hoover and Electrolux vacuum cleaners he's sold most of his life!!! I guess that makes Val an expert in ... something??
Shouldn't you wait for a bottom? Then a test of that bottom? That could take several weeks. I haven't noticed the Alexa numbers dropping so all is probably OK though the stock is very sick. A double bottom is the customary medicine, which will require time to work out.
It looks like a fishing expedition to me. Bait the nets with shares and a vague PR, haul in the greenbacks. Same old, same old.
Oh, there are likely another 10 to 20 million shares coming to market looking for a new home. The accompanying PR will be easily debunked and the pps will settle into a new crater. "Beware the Ides of March!"
CITC changed last year to become a Wyoming corporation. A Wyoming corporation can have unlimited A/S. There is absolutely no telling what the CEO has ready to dump onto the market. CITC is a TEN YEAR scam coming to a close. It is that simple in this case.
MDGC provided the 'bread crumbs'
Breads crumbs? Has Val discovered yet if crumb dropping works well as bait for selling pinksheet shares? LOL That is the only experiment going on at MDGC!
Don't forget the pps is going down to .0025! Prepare yourself for the shock! Umm, just in case Cogent actually doesn't know Val the vacuum cleaner salesman in Idaho even exists! HA!
Lewis was not the founder. Richard Lewis is the SECOND management that schemed to kill the shareholders! TWICE scammed!!! HA!!
Birds of a feather! MDGC partner GlobeTrack Wireless:
John Madsen and Michael Coker have testified they have been "life partners" for the last 19 years. During that 19 years they have left a trail of unpaid debts, State cease and desist orders for violations of securities laws and a string of unpaid investors who have alleged fraud and/or securities fraud.
Madsen and Coker have a variety of schemes to defraud. One is to set up a company, entice people to invest in the company, then the company "fails". The invested money seems to be spent on anything except the company. A variation is a "promissory note" scheme. A person gives them money, a note is signed with either promise to repay with interest or to give shares for an "upcoming" company; the person does not receive money or shares of stock. A different scheme to defraud is to "buy" something via an Owner Finance Agreement. Coker signs the contract, not Madsen. A deposit and payment is made in the beginning, then payments stop completely. Often a NSF check will be delivered for payment. When payment is demanded they state "funding is coming". The payment is never made. Another simple fraud/breach of contract they use is to hire someone for a project, then not pay for the work done. Again, "funding is coming". Payment is not received.
The type of business/product they are most involved with is GPS (global positioning systems). The latest company being GlobeTrack Wireless, Inc (GTWGPS) At this time, the phone numbers for GlobeTrack Wireless, Inc have been disconnected and they are no longer at the listed address; it appears the above "funding" spoken of by Michael Coker still hasn't come in.
A few short stories depicting each of the schemes described above follow; as well as cases against them. To date, the judgments total over $4 Million, Government Restitution (mail fraud and securities fraud) over
$3 Million and IRS Liens total over $600,000.
The following information has been found in court records of Maricopa County, AZ and Travis County, Texas, as well as documents found online which were filed by the United States, Arizona and Washington. It is believed there are other cases, in other cities, which have not been found. Legal filings have been found starting in 1992 until present.
http://stopmadsencoker.com/index.html
Bottom of the page: http://www.mediag3.com/partners/MG3-GTWGPS-Home.htm
Good luck at stringing people along, Val!!! HA!!!
.
MDGC Don't be too hard on Val Westergard. He states he has always been on watch for a business opportunity. I'm sure he's a victim himself of the scammers who sold him the dregs of the original company, Wytec, which failed due to market miscalculations.
Hwang of Wytec (a very clever man) had connections in China which he utilized to scam the Chinese ABS (Academy of Broadcast Science) into choosing Mediag3 to do a pilot project in China. The ABS applied for and received money from the United States Trade & Development Agency, which seemed to give Mediag3 legitimacy in 2008. Of course, this was the beginning of the pump and dump. Worthless patents (resold like a used car for the second time) were injected into Mediag3 to sweeten the story. I'm sure the spiel of pinksheet riches was poured into Val's ear by Ray Powers, a scam lord with a long pinksheets history that Val bumped into while trying to resell Clearwire service. The price was no doubt adjusted to fit the pocketbook of a vacuum cleaner salesman looking to quickly double his life-savings and pad a comfortable 401k.
The poor 58 year old guy has no sense and no skills, despite his wanting to be a neurosurgeon. So, for pity sake! Just lay off him, Cass! LOL
LOL Whatever Val isn't able to photoshop himself he borrows. I guess he decided to lay off tweeting about MDGC so he'd have time to post content on youtube, produced by companies that are actually successful. With this total MDGC flop, Val the VacMan CEO is really turning into a daydreaming 'old maid' of the stinky pinkies, isn't he!
Strrrring 'em along, Val! HA!! For as long as you can!
It was just another Ray Powers scam. Like many many others over the years. I would wager Ray bagged some dumb vacuum cleaner salesman for the 'partnered' MDGC scam. Question is, will the vacuum cleaner salesman finally quit while he's ahead or push himself into dire trouble with the SEC.
actually a more technologically updated version with websites, tweets, youtube, deceptive photoshopped images, a fake web store, etc.
21st Century propaganda tools, no doubt, but this stinkin' pink retains the flavor an old-fashioned scam.
LOL That's a new one!
Oppps! the cable broke! That's why you can't see the project any longer -- it's under water!! Just like UNLA and MDGC. Toss in the other associated frauds while you're about it!!! HA!!!
LOL Like everything with this company it's rehashed old news. This is the readvertised report, first produced before the share count bloated:
http://www.investors.com/pdf/mediag3cnewsad.pdf#page=1
You'll note the share count then was 23 million, not the current 1 Billion 200 million.
Suurrre! All that was predicted by Beacon Equity, another paid pump house, really happened! That's why MDGC is worthless today! HA!
MDGC: The 1 billion 200 million share count is the least of the concerns one should have with MDGC. The management constantly makes preposterous claims. Here is just one example I had to call out recently:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59691837
MDGC is another example of the Big Lie theory common to pinksheet scams. Once recognized for what it is, a now one-man management headed by a 58 year old vacuum cleaner salesman, such an absurdity becomes prime laughingstock fodder.
I would not have picked MDGC otherwise!!! Every day some new farce! LOL
Perhaps not all at once, but here's the first installment:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60338600
LOL More of Val's cut and paste! See the description of the item at the bottom of this page; it's the same word for word:
http://www.hlelectronics.com/catalog.html
Just more and more string along material! As usual! And always, way too funny!
The only original equipment Val has is a decade old and rotting. LOL
Who is the CEO of Mesh Global? A John Lehne is listed as the CFO. Wait until you see his picture on the net!!
Oh, and, nice new web pages. Is it still 1997 when posting a new web page actually drove stock prices?
.
Often it takes only a slight gust of hot air to prime a tropical maelstrom of gusty hot air on the boards. MDGC is hardly more than a company which publishes a new web page, or points to joint ventures with partner companies that have themselves crashed 99% in months. Then the board lights up with hope and a million prayers offered to Greed. Praying with sweat and with tom toms beating for the newbies to pour money into a fresh pump and dump run. What is sad is there are one or two on that board who have the means to buy millions of shares (and who really do not sell, crazy as it is). They are sad cases who have fallen under the spell of the religious talk of the near affinity fraud charms of a guru figure CEO well versed in getting "Aunt Luann" to buy the more expensive vacuum cleaner attachment bundle!
After a few months of laying low, this week Val Westergard, the 58 year old vacuum cleaner salesman CEO, reintroduced another company of his own making, Mesh Global. He signed contracts with Mesh Global last fall in order to generate a PR to the effect that he was finally doing business with himself. LOL The IR, the partner companies and the supposedly separate penniless puppet concerns are all interrelated. Some by shared board members, some by the same IR, all feeding off PRs which eventually disappear like a puff of smoke in a maelstrom.
Anyway, it's a hoot to watch and jab at the silliness! The 1 billion, now year-old, shares coming to market shortly should make for quite a spectacle!
LOL The way he worded it Val could have simply switched the company cell plan to a different provider. The statement is totally ambiguous, exactly as any stinky pinky CEO would have it.
Another puzzle piece? More like another frayed thread in the moth-eaten MDGC-UNLA-AERS-XCEL fraudy fraudy build out.
Luxon has pretended at being upfront for 15 years. 15 years of nothing is the result. HA!!
MDGC has a genuine U. of Phoenix PhD associated with it via a partner called Unilava UNLA. MDGC is part of a small nest of interrelated companies that pump one another. Of course, my favorite revelation was that MDGC is run by a vacuum cleaner salesman and Sisel MLM hawker. LOL I have had months of fun peering inside this stock.
Here's another wild tangent!!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60168380
Your Aerius antenna and Aerius phone, after 15 years of Luxon's having accomplished nothing but stock pumps, will prove to be as phony as MDGC's association with Xcellink
Xcellink: There was nothing wrong with the company before this happened. The company has patented payment system technology that MediaG3 will incorporate which will be just another coal in the fire for MediaG3. Again, this could be another one of the pieces of the big picture.
There is a company called Mediag3 MDGC that recently had its financials "reviewed" by an attorney with the same current address as MDGC's investor relations outfit. I cannot quit chuckling over the implications!!
Law Offices of Michael L Corrigan
11995 El Camino Real
Suite 301
San Diego, CA 92130
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=8868707
Equititrend
11995 El Camino Real
Suite 301
San Diego, CA 92130
http://www.equititrend.com/contact.html
Even a 2.5 million buy wouldn't move it up a tic.
Does that not mean the recent action was a classic pump and dump?
Last Chance ... how true. LOL
Val's favorite phrase: "Next week!! Next week!" (Really never LOL)
It is the definition of Pump and Dump. And everyone KNOWS it, too! LOL
Val might be able to fill you in on the results of his new business venture reselling mouth wash. The sorry details at MDGC he has swept under the rug, but promises everyone, "Tomorrow! Tomorrow!"
http://www.mysisel.com/vip/vw/productscategory.htm?japannfr=false&categoryId=83
100 million shares paid out to Corrigan, which seems to be his customary take, got Val what he asked for. LOL The joke is on the shareholders, as usual.
WOW LOOK! Val has branched out! Check out the upper right hand corner for his name at Sisel!! Now he's selling mouthwash! Better than his mother's soap bar no doubt!
http://www.mysisel.com/vip/vw/productscategory.htm?japannfr=false&categoryId=83