Forget Val, Peterson and Powers for a moment. Blast from the past: History as Yuan, Hwang, and a few other cohorts probably would not like the public to know, though it matters little since they 'got theirs':
The five patents, left over equipment, etc., were packaged out of Wytec into companies controlled by Hwang who very smartly realized some saps might eventually be fooled into buying the shares of a then recently formed company called Mediag3. The patents were injected from ADML/Ohana into Mediag3 under Yuan which had revenue (and tons of losses, thus failing and needing to monetize the stock before nothing was left for him) from mainly the children's clothing line. The package was presented to the investing public at $3. Yuan took his Oriental Media and Little Sheep and went 'home' once enough had been milked out of Hwang's plan to monetize what was left of failed Wytec via STOCK SALES (the whole reason for the 99% loss of market value). Anzalone took off with his loot as soon as the company went dark. With the rapid fall in stock price, as anyone can plainly see, the market hardly bought the charade. The stock never sold many shares at $3 -- but in 2008 the principals started selling and promoting and diluting at about $1 to 70 cents. The jump in two years from 19 million to 1 Billion 200 million shares was so blatant I'm surprised anyone is able to keep a straight face when they eschew the massive dilution. The market, not fooled, sent the price of the shares into the sub basement.
By late 2010 all that is left is one vacuum cleaner salesman who picked up the crumbs of a sucked dry stock promotion (there being no business) and started selling the dregs, just as he has done all his life. Which is fine -- that's business -- as long as the facts are 'Clear'.
