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Re: Cassandra post# 5477

Thursday, 03/03/2011 1:44:48 PM

Thursday, March 03, 2011 1:44:48 PM

Post# of 222466
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

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