Replies to post #20326 on DD Support Board and Research Team

[janice shell]

Well well well... THAT board will be interesting tonight. Ouchie! It fell off a cliff...

[Slojab]

The media credits came back to bite them, eh?

[Brigham Youngster]

Team Boston comes thru.

Part of the delay was Canadian cooperation. JB's brother works at the OSC (though not as a regulator).

Hope this makes everyone here happy for a day or two.

[Cassandra]

MDGC - MediaG3 has been engaging in the same securities and financial fraud as JBII with over-valued media credits to artificially boost its balance sheet and falsely claim that it has positive working capital.

See "Prepaid Media Credits" booked as a current asset on the following MediaG3 balance sheets:

http://www.otcmarkets.com/financialReportViewer?symbol=MDGC&id=60437

http://www.otcmarkets.com/financialReportViewer?symbol=MDGC&id=54193

http://www.otcmarkets.com/financialReportViewer?symbol=MDGC&id=43634

http://www.otcmarkets.com/financialReportViewer?symbol=MDGC&id=39943

http://www.otcmarkets.com/financialReportViewer?symbol=MDGC&id=36035

MediaG3 paid 20 million shares for what they book as a current asset value of $10 million in media credits. The company was purchasing other services at the time for $.0023 - $.0026 per share so the maximum book value of the credits at the time of purchase would have been less than $50,000 -- a far greater discrepancy than JBII.

I've warned MDGC investors multiple times that this is fraud and potential cause for an SEC investigation: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64756852

MediaG3 has numerous material financial irregularities as well as a history of blatantly false and misleading press releases. IMO it's only a matter of time before the SEC closes in on them as well.

The CEO, Val Westergard, has been unusually silent and hasn't submitted financials for over 6 months. I wonder if he has received a Wells Notice.