The 2011 MediaG3 Annual Report certainly didn't inspire confidence. IMO, it was even more false and misleading than the previous financial and disclosure reports submitted by Val Westergard.
Instead of being more transparent, Val Westergard added extensive verbage about operating subsidiaries in China, all currency being in Renminbi and various risk factors of operating in China copied directly from the 10QSB for QE 9/30/2007. These statements, which had not been contained in any of the previous financial and disclosure reports submitted by Val Westergard, are all false and were clearly meant to deceive or confuse investors.
IMO, despite the Caveat Emptor warning, Val Westergard continues to commit financial fraud.
The run on no news brought in new investors to MDGC. It's understandable if they are running for the exits after seeing the mess of an annual report.
It's also possible that the unexplained run was planned by insiders with stock to dump and that they continue to dump new shares into the float.