Replies to post #4546 on MediaTechnics Corp (MEDT)

[Bramabill]

The simple fact that they aren't claiming "proved" and aren't putting out a series of PR's is enough,MEDT isn't even reporting, so these rules don't apply.

Then why did ARI Bass say in the April 20th Forward Energy PR:

This acquisition marks the start of an exciting new era for MEDT’s shareholders. We estimate that this transaction may add as much as, or possibly more than, $9,000,000 to MEDT’s Stockholders Equity, with a substantial increase in book value per share.


Its my opinion this comment was made to prop up the stock. Investors are entitled with information to judge the validity of Ari's statements based on the past performance of the shut in wells

[sensible]

It was said because a poster said that they claimed "unproved" reserves which is a distortion of what was said.

I went into detail because others have implied some sort of liability for what MEDT published and I'm tired of defending fact. The fact is that only reporting companies are subject to Regulation S-X and non-reporting ones are not. They could have claimed "proved" because they aren't reporting. They chose to use the standards the SEC applies to reporting companies when they did not have to.