An almost 100% increase for a session, this is the Wednesday of MediaTechnics Corporation(PINK:MEDT). No news, no announcements, nothing to fuel this rise. Yet, as far as last Wednesday is concerned, things are a bit different. 
Last Wednesday could be categorized briefly as the filing day for MediaTechnics. Articles of incorporation, quarterly report, annual report – these are just a few of the published documents. It is important to mention that if a person is looking for information about the business of the company, it is to be found in the above documents. They are also included on the company website. In fact, they are the only thing to see on MediaTechnics website. While most companies tend to form their web presence in order to appeal to clients and partners, leaving some space for information that shareholders tend to look for, MEDT has a different approach. Their website is solely intended to serve as shareholder information resource. As if the company operates only for shareholders.
On a related subject, in terms of operations, it does seem that the stock performance does not exactly reflect the company’s state of operations. The 10-Q is a good example for that. According to the one covering the first 3 months of 2011, the company has: [BANNER]
- $740 in cash/ total current assets;
- $19k in total current liabilities;
- $1.3 million in accumulated deficit;
- $31k in net loss;
- $0 in revenues;
What this could relate to is limited operations at hand. Uncertainty, as well. This is a sub-penny level pink sheet and it is yet to see what the outcome of the current trading hype would be.
