Replies to post #54085 on MediaG3 (MDGC)

[Cassandra]

You raise an excellent point regarding valuation. Although 504 shares issued privately to a company that is already publicly trading are issued at a discount to the market price, valuing shares in a new an unproved private company is very difficult and often ends up with an excessive valuation.

Indeed MediaG3's intial self-underwriten offering through an SB-2 registration and prospectus was 20,000,000 shares priced at $3.00/share. The were sold privately as the stock was not publicly trading anywhere. It's unknown how many shares were sold as a result of this offering or if they decreased the price for some as they can legally do.

MediaG3 was still a private company when it was trying to sell these shares. The history of what transpired should serve as a warning to anyone considering investing in Mesh Global.

20,000,000 Shares
Common Stock
$3.00 Per Share
__________________________________________________

We are offering 20,000,000 shares of our common stock at a price of $3.00 per share. This is our initial offering of common stock, and no public market currently exists for our securities. We intend to apply for the listing of our common stock on the Over-the-Counter Bulletin Board.

We are offering the 20,000,000 shares on a self-underwritten, best efforts basis, using the efforts of our Chief Executive Officer. There is no minimum number of shares that we must sell in order to receive any subscription. We may receive little or no funds from this offering. The funds that we receive from this offering will not be placed into an escrow account. We are not engaging underwriters for this offering.

This investment involves a high degree of risk. You should purchase shares only if you can afford a complete loss. See "Risk Factors" beginning on page 5.

You should rely only on the information contained or incorporated by reference in this prospectus. We have not authorized anyone to provide you with information different from that contained in this prospectus. The information contained in this prospectus is accurate only as of the date of this prospectus, regardless of the time of delivery of this prospectus or of any sale of the common stock.

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

The date of this prospectus is __________, 2007

The registration was effective on 9/17/2007 allowing them to begin offering the stock on that date. It's first public trade was on 6/4/08 with 1,450 shares bought at $1.01. The next trade wasn't until 7/17/08 with 500 shares bought at $1.01.

It remained extremely thinly traded until 10/13/2008 when 743,864 traded. It opened at $.70 and closed massively down at $.072. The highest the stock ever got after that was $.20 on 11/5/08.

They filed an S-1 registration in Feb 08 to allow insiders and other shareholders to sell 5,357,003 shares (see pages 40 and 41 for the list). They never filed the 10-K for YE 12/31/08 and on 7/8/2009 filed a Form 15 to deregister the stock. The merger with Imperial Wireless was in August 2009.

On 8/31/09 when the merger was announced, 616,150 shares traded, hitting a high of $.12, never to reach it again. Two years later the price is 1/10 of a penny.

Historical prices since public trading began: http://ih.advfn.com/p.php?pid=historical&symbol=MDGC