Replies to post #62653 on MediaG3 (MDGC)

[choateandharvard]

thats because FINRA and now probably SEC are watching this POS CRIMINAL DILUTION SCAM MACHINE. they knew with the SKULL&CROSSBONES and CE they were in the spotlight so they tried to get cute and take the old lies out. guess what? YOU CANT THEY ARE FILED DOC'S!!! jail is probably going to happen to CEO and willing accomplices. this will not be trading much longer. no office and no employees. unstinkingbelievable.

[beachsideeddy2]

Val: Once a liar always a liar. LOL

[colemano]

This is false and misleading:

Do they still have the full lot of $10 million of media credits or did they start a marketing campaign? Nope, they have disappeared. It looks like they are using a magic eraser to clean up past lies. I will give them some credit for coming clean, but the damage has been done to anyone that invested on this make believe asset.

The shares used to buy the media credits have been returned to MDGC and cancelled. I guess that would be the opposite of dilution. But, we do not want to mention that because it could be perceived a good for MDGC.

[colemano]

This is also false and misleading:

How much did they pay out in salary for 2011? This is the greatest mystery. Q3 reported $1,656,906 in wages and now it has disappeared! So has the $1,656,906 in 2010!

This item is left over from the Yuan era and is part and parcel of the settlement. Since only 12MM shares are available as you claim and the AS was not raised, I'd say Yuan did not get much, unless of course, MDGC made some significant cash during Q1.

In January 2012, we negotiated a settlement with our former President for the amounts owed to him in Note 10, as
well as accrued wages.

10. RELATED PARTY TRANSACTIONS
As of December 31, 2011 and 2010, the Company and its subsidiaries owed $124,125 and $101,969, respectively, to
shareholders of the Company. Of these amounts, $94,558 was a loan from William Yuan, founder and Chief
Executive Officer of the Company, in 2006, and bears interest at the rate of 8% per annum. During the year ended
December 31, 2011, we were advanced $27,580 from our current President and is due and payable on demand and is
non-interest bearing.