One never really knows how much or exactly what day(s) the insiders or sellers are hitting it. On the way up, at the top, and on the way down. But it will commonly happen with suspicious trading activity, which is what has happened with MDGC. Who knows how much of the trading was the manipulative part and how much was the new shares getting into the market, but obviously new shares are hitting the market and who knows how many more to come. The company is not very transparent that's for sure. But the Black Scull came shortly after the apparent dubious trading action.
MDGC now is late with their already late filing that states (or did state) on it's website that the late filings would be in the first part of this week. Now at the end of the week and nothing but the Black Scull. It doesn't really matter, the financials were already erroneous with the bulk of supposed worth in way over stated media credits.
The DTCC service restriction was already in place before the dubious trading and inflated pps, meaning dilution shares were already coming across the system and the SEC had already notified the DTCC which then prompted brokers like TDA not to let any entering of positions, only exits. Like I said all sometime before the sudden suspicious trading and rise in pps and the subsequent skull being slapped on and even more lack of transparency. Plenty of time to get the shares from the TA into accounts by other means other than the DTCC FAST system.
What one gets are nothing but rumors, exuberant statements from message boards and dirty internet alleys of "something big" going on.
This from a company which basically is one guy with a dozen or so rink dink company names attached that consists of reselling vacuum cleaners to installing a modem to a free service at some small deli. A service that isn't even his (which was supposed to be some gigantic city wide "roll-out").
The company name itself, MediaG3 hasn't ever even been listed in the local phone books, let alone known by many but message board goers. A 10X10 office space used for a cell phone charging station, mail, and every once in awhile a pre-screened appointment. I guess I can understand why to not pay the couple of hundred in rent for something like that and just vacate that also. But that little office was originally touted as some new and improved lab, and I guess it was since the address before that just looked at a roadside full of weeds, no such address. A typo I'm sure (cough cough).
What has happened is nothing for years that the Company claimed, but different times of selling and impounding of his vehicles, etc by tax authorities or others that have a judgement against him and are tracking him down. Then there is some settlement that may be involving shares, again no transparency from the company regarding these issues. But again all indications of funds needed by the individual behind the company (Val Westergard).
Now trading these things and trying to guess when the "big dump" will occur or if there is more to gain is precarious at best. One might win, but many times when some big red candle happens, one doesn't have time to get out with their skin and just looses to the gamble.
Investing in something like this is a total folly, just not wise. All the indications are that there will be more selling and with all of the dirt like MDGC been displaying, there is always a bigger seller somewhere lurking.
But, there may be only retail and manipulative trading going on at the moment and any big selling just ready to pounce on the unsuspecting retail like a cougar on a wounded deer in an open field.
But good luck.
