Replies to post #42665 on MediaG3 (MDGC)

[colemano]

Now you actually have a decent "debating strategy".

A little bit of sugar and a lot of venom:

"Humanitarian flashes of words"

"in the shackles of his own mercy"

"a tyranny based enslavement"

And the concerned savior (with no shares) of us all:

"the choice of making rational decisions should be based on the results of past experiences"

"It's about progression as an individual/investor"

"has nothing to do with your belief system in this stock really"

When combined it gives an aura of believability.

[Cassandra]

Westergard may seem to be or may even really be a "great guy" who is God-fearing, however that does not mean he is competent to run a publicly traded company.

Unfortunately a lot of people who have claimed to be God-fearing have perpetuated scams. The personas they present to investors are often likely to make people with values similar to the persona feel more comfortable investing as they tend to trust someone who appears to have similar values without the skepticism they might otherwise have. Some scam artists do this intentionally in affinity fraud schemes. I myself once fell victim to such an investment scheme (a private placement) directed toward people who shared my faith. It was a very expensive lesson to learn.

This appears to be a factor in the faith so many investors seem to demonstrate in MDGC and the current CEO. Westergard is uniformly referred to as "Val" as though people actually know him or feel that they know him. Investors appear to rely on what other investors claim instead of on facts or even the unsubstantiated claims by the company. The failure to deliver on the company's claims is usually excused.

These are typical of affinity fraud schemes. It's even worse on a anonymous stock forums where it's impossible to know who is being sincere and who is using the values of sincere investors to promote their goals of creating demand for the stock.

Although I don't believe I can or should attempt to judge what is truly in someone's heart, I do believe I can be a fruit inspector. If a tree is recognized by its fruit, then inspecting that fruit is appropriate in ascertaining the nature of the tree.

It seems that someone with the values Westergard apparently portrays to investors would be much more forthcoming with public disclosures and updates on previous announcements instead of moving on with new claims with no resolution of past claims.

Faith without proof may be appropriate in matters such as religion but is not appropriate in dealing with investments. Unfortunately some people end up learning this lesson the hard way as I did over 15 years ago.