MediaTechnics Corp (MEDT)

[mike_smith]

>So CA legalized recreational marijuana

What possible reason would this stock do anything other than sit here in the same range it has been for the three years?

What new information does the market have at the start of January 2018 that it didn't have at the end of December 2017 or when CA legalization was voted upon?

MEDT has nothing more than a dead website and dead mobile app.
MEDT has no revenue or profits.
MEDT has no news that indicates any change to the previous two points.
MEDT has the very same management responsible for its failure over the past three years here in 2018.

It is mind boggling to see how many people honestly thought January 1st, 2018 was going to be some magical date where every cannabis related stock no matter how bad was going to shoot up in price.

Even more bewildering is the inane belief that CA legalization is some sort of pot panacea that so many low information penny stock gamblers want to believe it is.

Just ten minutes of searching for and reading interviews with dispensary owners, growers, and current users would be more than enough to give a clear indication of the massive negative effects legalization is going to have on the CA cannabis market.

MEDT isn't making any sustained move up in price until new and competent management gets brought in with a viable business model. Since there is no responsible board of directors like in a real DOW or NASDAQ level company, that change will almost certainly not happen.

Which means MEDT will limp along bouncing around the 0.0007 range with no one other than low information penny stock gamblers risking 100-1000 dollars buys on random drops in price.