MediaTechnics Corp (MEDT)

[mike_smith]

Something Very Wrong With Filing Numbers - Fraud?

This is the first time I've looked at the MEDT filings.

The reported expense numbers are absurdly high. It looks like MEDT management is either blowing huge amounts of cash for nothing or there is some sort of fraudulent expense reporting going on. Something is very wrong with these numbers. Either fraud or absurd levels of incompetence going on with MEDT management.

MEDT management has someone putting out a link or two to some generic cannabis story a few times a week to their 3000 or so follower Twitter account. And they put out that terrible BlazeNow promo video that appears to have been pulled that is still linked to here.

Unless there is something I am missing, MEDT management is close to not having a marketing plan at all. You could pay some high school kid pocket change to post a few cannabis news links to a Twitter account each week.

The Weedmaps clone BlazeNow website and app are dead. Poor quality that is clear no one is using. The BlazeNow app shows that there are only 28 reviews for it indicating the number of downloads must be abysmal.

With the huge amounts of investment money being thrown at cannabis startups it is absolutely clear why investors don't want anything to do with MEDT.