If you’re planning on investing into MediaTechnics Corporation (OTC: MEDT), you can best prepare yourself by getting stoned first. The late filing pinksheets listed Company has, in the last 12 months, changed its focus from a metals distribution Company, to a medical services Company, to an App developer, to now, a penny stock focused on capturing the momentum from marijuana. Make cents? For what its worth, MEDT stock looks more confusing that trying to find the other red shoe after clearing a couple bong hits yet could be an interesting way to get through the morning rush hour.
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MEDT Stock Quote
Market Cap: 1.12M
Friday Close: 0.0016 ▲ 0.0006 (60.00%)
Dollar Volume: $95,151
Issued and Outstanding: 700,759,469
1st Resistance Point: 0.0021
2nd Resistance Point: 0.0025
1st Support Level: 0.0011
2nd Support Level: 0.0005
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Back in March, 2012, MediaTechnic Corp. signed a LOI to acquire Barefoot Investment Group, Inc., a special purpose vehicle chosen by the parties to complete the acquisition of one or more targeted wholesale metals distribution companies. The deal which cost the Company an unpublished number of restricted preferred MEDT stock, was supposed to generating monthly revenues of as much $300,000 or more and with an anticipated gross margin of approximately 20%.
Just 7 months later, the Company executed an agreement to purchase MedLaw Capital LLC., again for an unpublished number of restricted preferred MEDT stock. MedLaw was said to have a medical services clinic in the Metropolitan Phoenix area and was supposedly planning to expand into a second facility within MediaTechnic’s headquarters in the Scottsdale Airpark, during the Q4 2012 or Q1 2013.
So from metal wholesalers to operating a medical clinic and it’s just getting started.
Just over a week ago, again for an unpublished number of restricted preferred MEDT stock, MediaTechnics executed an agreement to purchase a 51% interest in App Swarm Inc., an application “incubation firm” dedicated to acquiring applications for all forms of devices.
The Company also indicated that it was working to complete its 2012 Financial Statements, as well as an updated Initial Company Information Statement and intends to publish them via OTC Markets within three weeks. That will be a trip to see.
But since neither metal distribution, a medical facility operation, nor an aoo developer was able to hype up enough fluff to push shares of MEDT, the Company went the green way – Marijuana.
The newest, and probably most effective, method to dump MEDT stock into subpenny dummyland came last week when MediaTechnics announced that it executed a LOI to sell more than $500,000 of LED based grow lights to Evergreen Systems Inc., a hydroponic equipment and lighting leaser to established non-profit medical marijuana cooperatives in California that are fully compliant with state medical marijuana laws.
Long live the most recent business plan pf MediaTechnics — at least longer than the dump of MEDT stock that was front loaded two weeks ago.
About MEDT Stock
Last 5 Trading Sessions:
Bottom Line: Other than the fat red “STOP” sign issued by OTCMarkets, the nearly 1 billion shares outstanding, the four changes in direction of the Company’s focus in the last 12 months, the website is as informative as a rain soaked newspaper and the fact that never once has CEO and sole director, Henri D. Atamian, ever commented on any of the acquisitions or LOI’s entered into, MEDT looks ready to be one of the top penny stocks in share volume for Monday. Gotta love when a shade tree mechanic puts a fiberglass body onto a 1973 VW Superbette body and calls it a Verrari.
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