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Let's hope your hypothetical doctor doesn't spend his or her day Tweeting as much as your supreme, overarching technical expert Val the VacMan does. The patients would flee in droves!
The lawyer speaking in that post practiced before the FCC. He was not some lawyer to the stinky pinkys of the world -- in case there was any confusion.
In your second article, IDT Spectrum was desperately trying to sell their LMDS spectrum as late as 2009. I find no source that states anyone ever wanted to buy it, at no time since 2009 (date of the article). It's a zero bid property!
The market has spoken.
That argument has been working so far. Market thinks so, too, which is more to the point.
Every time the daily short list almost matches the daily volume I'd say there was dilution going on, based on past instances in MDGC trading. Why else all the impatient tweeting this morning? Didn't get much today though in dollar terms. But there is always tomorrow.
20110110|MDGC|210702|218556|O
You bet Val was trickling stock into the market. Tweeting like crazy today while 'Rippling'! He's a regular one-man band!
LMDS is not the only available microwave backhaul option. But what has T-mobile already done? They announced backhaul agreements with Bright House Networks, FPL FiberNet, IP Networks and Zayo Bandwidth. The have partnered with the cable industry to leverage cable's broadband capacity and extend it to the cell site. Finally they have said they will simply build their own high-capacity microwave. No mention of LMDS as a possibility. Nor mention of using 11 year old junk, naturally!
Pinkyland management milking a stock to death is current information in 2011 and it will continue to be current information in 2012, 2015, 2030, 2050........
That entry was DD from, as you read, a lawyer who practiced before the FCC.
Twelve YEARS have elapsed since LMDS spectrum was auctioned. No one wanted it in 1998, except for certain individuals employed within a few big communications corporations like Hughes. They knew they could milk the concept for a few years, the last year being 2005 that anything at all was published at Hughes on LMDS. The interested parties published their reports, collected their pay and said in big corporate fashion, opps! but thanks for the salary!
At MDGC you have the dregs of that money milking operation still at work. Selling stock down to .0001 is the name of this game. Up a bit, down some more, but zero or a reverse split is the goal for this pinkyland gem.
What is so hilarious is this story was dead 12 years ago.
or not
Count on it being 'not'.
T-mobile is not a company likely to repeat past LMDS mistakes:
One of my whopper mistakes occurred back in 1998 when I was a telecommunications regulatory lawyer. In my work practicing before the Federal Communications Commission (FCC), I became aware of a new high-speed wireless technology in the 28 GHz radio frequency band called Local Multi-Point Distribution Service (LMDS). It promised faster Internet transmission speeds of 500 kbps compared to the then-current telephone line dial-up modem speed of 28 kbps. How antiquated those speeds sound today!
Anyway, I learned that in 1992 the FCC had granted a company called CellularVision USA -- now Speedus Corp. an exclusive LMDS license for the greater New York City metropolitan area. Granted, as in free, because CellularVision had pioneered the LMDS technology and the FCC wanted to reward innovation. Well, for six years until 1998, CellularVision had used the license to offer a one-way wireless television service, but the real goal was a two-way interactive high-speed data and video service that could be used for Internet and cell phones. Two facts shouted “red flag!”: (1) The CEO of CellularVision was a member of the Hovnanian homebuilding family with no real technology background; and (2) the company had never turned a profit since inception.
I ignored these problematic facts for two reasons: (1) I was enamored with the “high-speed wireless” buzz of LMDS technology; and (2) the FCC had scheduled a nationwide LMDS spectrum auction for February 1998. I was gambling that the auction prices would be very high just like they had been for the broadband personal communications services (PCS) auction in 1996-97 that yielded $20 billion for the U.S. Treasury. If the auction went well, CellularVision’s New York license (arguably the most valuable LMDS license in the country) would be revalued upward and the company’s stock would soar.
Bottom line: the LMDS auction was a huge disappointment with more than 100 cities not even receiving the minimum bid. CellularVision’s stock, which had been hovering around $8 per share prior to the auction, cratered almost immediately and fell below $1 later that year when financial problems forced the company to sell a huge chunk of its spectrum to another company, leaving it with insufficient remaining spectrum to provide service. Just as well, LMDS never took off because other high-speed technologies like cable modems, DSL, and satellites turned out to be superior.
Lessons learned: (1) buy a business that is already financially sound, not one that is a continual money loser that needs a successful auction to bail it out; (2) don’t buy a business run by a ne’er-do-well with no technical expertise; (3) understand competing technologies that may render the company’s technology obsolete; and (4) never buy a company that has the word “vision” in its name.
Sounds too good to be true! Yes
Or I'm I reading it wrong? Yes
Hmmm, I guess that's another one of those dots getting smudged again.
a screen shot of a speed test There was no link to the Speedtest.net server where legitimate test images are stored. Such images may also be spoofed, as had been much earlier demonstrated, including instructions, 'live' on youtube. How about Cropped & Photoshopped?
It's comforting to realize Val knows how to upload videos produced by other companies in an attempt to communicate. He really sticks to business. In the future, Val should instead try being a mime: he's an excellent mimic of the real world, presenting nothing of substance himself, other than figuratively waving his hands and making faces. Oh, did I miss his Tweet about the vid? LOL
I suppose if one were to list Val's biographical details -- but apply those details to some other person on the street -- that list would be considered a ruthless attack? HA! You may be correct!
It's a rare POS that doesn't plummet. No soup for you. LOL
I thought it was hilarious.
But the facts and drawn conclusions are more hilarious: a vacuum cleaner salesman and pimple cream pusher controls the dregs of a sucked-dry stock selling endeavor, which has on its board a pinkyland University of Phoenix PhD, a 'Dr.' Peterson space alien fan... oh wait, isn't Val's latest news is that he is the sole director now?
I guess the freaks and kooks deserted him and this POS.
Now -- if even the kooks and sleaze bags and the market itself had sense enough to run away, shouldn't you?
You have to take all excuses away. And then you have to add more excuses along the way. Typical action for a stinky pinky.
Val is obviously trying to be as environmentally Green as possible. He's training fish how to effectively explain the faults of his management. By doing so, it seems Val has introduced Mediag3's new underwater scapegoat model!
Aerius again? Back then their stock was a nickel, now it's 50% cheaper. Seems the discounting of a POS never ends.
I highly doubt that the market shares or will ever share your opinion of the management in question.
Maybe Val found one on Craigslist to resell. It IS his life story! LOL
You would think any company worth more than an eBay reseller would have Visa and Mastercard merchant accounts. Overpay for merchandise? I suppose there's one born every minute!
What on that site cannot be ordered by Val on Amazon at a lower price and reshipped at the higher prices listed in the store? I'm sure no one comparison shops for a better price! Extended life battery? There's no order he cannot fulfill, simply by slapping a 'private label' on a commercially available extended life battery product. Here's just one battery supplier priced lower at retail, no less, than Mediag3.
http://www.seidioonline.com/product-p/bacy26tmg1-bk.htm
Does anyone really think the market is dumb enough to fall for this?
What kind of business requires a non-credit account to be 'approved'? A Pump & Dump type, that's who.
Thank you for registering with ******* Online Store!
You will be notified by email once your account has been activated by the store owner.
Val told someone he had to ship the phones back to China. Whether there were any phones or not is doubtful, dubious at best, without an FCC ID number to verify. HA!
Oh, wow, a web site with a store! For real? No firm prices -- vague promises. Unfortunately it's not 1996 any long. Who would buy into a POS just because the POS has an online store? Especially a store that appears to be non-functioning window dressing. HA!
Now he sells stock.
In Pinkyland all Val had to do was click his heels three times: Instant CFO credentials!!!
Dr. Peterson had the entire board present at the meeting with Corrigan, though under cloak of a fly-on-the-wall invisibility shield he has been tinkering with.
All the masses need do is look at the track record of the people Val scrapes up. Corrigan customarily charges clients free-trading shares in hundred million share quantities for sub-penny stocks. He also has SUCH a 'wonderful' record to boot! Too bad Val didn't use a fresh name, someone without a paper trail!
http://www.otcmarkets.com/service-provider/The-Law-Offices-of-Michael-L.-Corrigan?id=2125&b=n&filterOn=3
Best post of 2011 so far. All Val does is take notes on what's going on in the real world, then he tells people he invented that. Hello, Al Gore!
Val may speak? Are you the IR for this POS? No? I didn't think so.
Scores of patents at Ray Powers other little venture Xcellink. But Ray instead built a high-volume slide into the sewer for the shareholders!!
Anyone notice the Pump and Dump at MDGCs partner Unilava has abruptly ended? Tragic, wasn't it? Still down 98%+ from March 2010!
Dozens of pages of cut and paste, non-current information? What's the point? Is Val sitting around trying to fool himself now? Maybe he got one of those powerful vacuum cleaners too close to one of his ears! Sluuurrrp!
Philippines President and Prime Minister???
The heads of government care about the 10 year old offerings of a vacuum cleaner sales rep from Idaho???????
awarded a network access license in May 2005
2005? And zero, nada, nothing by 2011?
Kinda makes one's head spin trying to get a handle on the delusions of a vacuum salesman!!!
Welcome 2011!!!
Welcome to 2011, MDGC. Welcome to all those aged shares ready to hit the market from '09-'10 by the hundreds of millions. Welcome to all the older inside holders, with ready shares from their self-serving anti-dilutive contracts! Welcome market makers awaiting the cellar boxing of this POS. Welcome securities lawyers who plot the reverse splits. Welcome Val the vacuum king and Photoshop prince. Welcome to Dr. Peterson's brilliant ETs. Welcome to Pinkyland's very own University of Phoenix PHd; welcome, welcome, one and all!!!!!