$CTRN - Citi Trends may outdo Mediag3 ( $MDGC ) in September. Upcoming quarterly report is on 23rd of August 2023 https://www.macroaxis.com/invest/pair-correlation/CTRN/MDGC/Citi-vs-Mediag3 #portfolio_prospective #better_portfolio #diversify
Last week (3/15), I posted potential trades for the week:
https://stocktwits.com/COOLEKO/message/303879249
This is a short summary of the last week:
$GRCE
- Entry point never hit, perhaps this week is the week we see the 25M+ volume.
$ITRM
- Entry point never hit, worried it may consolidate for another 1-2 weeks.
$CNVS
- Entry Point never hit, worried new lows are coming in the continued consolidation.
$MDGC
- Buy on the daily charts diverged into more consolidation, signals now unclear. ~14% potential
These are technical based speculation only, don't listen to a panda.
$MDGC Update. Having spoken to a friend, the CCOP ticker is likely defunct and unusable now. MDGC could be a target. Still holding to see what happens. Lots of activity for a zombie company.
Potential breakouts for the week (3/15):
$GRCE
- Expecting a rough start as the sell signals on the lower time charts dissipate and the rolling buys on the 12h-1W charts take over for the next leg up. Really looking for 25M+ volume to set this up.
$ITRM
- Hesitant to call this one because the recent gains might be hopeful consolidation, but if we see continued volume increases we are primed for another run on $2 this week. Buy signals prevalent on the 30m-2D charts.
$CNVS
- Rolling buy signals presenting on the 12h-2D charts but may be turned into more consolidation as the 4D-2W charts finish their sell signals. 30M+ volume will be the key indicator of success here.
$MDGC
- After weeks of waiting, the weekly signals are showing convergence to buy and the 12h-2D signals are overlapping. I think this is primed for another run IF it wasn't a pump and dump. For TA speculation, I don't confirm legitimacy.
These are technical based speculation only, don't listen to a panda.
$MDGC Now it could potentially cost less to reverse merge into a shell. MDGC (as far as I can find) only shared patents with Wytec. The ticker that was most connected to Wytec was CCOP. What is curious is that CCOP spun off Wytec in 2017 and which was supposed to list on OTC as WYTC. But those shares apparently remain private.
Merging again would probably be messy. But they wouldn’t have to pay for a shell company and their listing would be cheaper. MDGC could be a possibility as a shell, but I don’t see any connection other than those patents and that Westergard worked for Wytec.
I could be wrong, but CCOP makes the most sense of they wanted to reverse merge. They own the ticker. All former shareholders up to November 2017 were offered shares In Wytec. But it doesn’t seem to have the volume that MDGC has.
One thing is clear, based on what’s on Wytec’a site. They plan a direct OTC listing before graduating to the Nasdaq.
$MDGC Okay folks (if there are any folks out there reading 😂) here’s what I dug up so far.
MDGC Sold Wytec patents to CCOP in 2011. They can still use the patented technology but they don’t get a royalty.
https://www.prnewswire.com/news-releases/mediag3-to-secure-10m-in-funding-for-wireless-broadband-build-outs-130194188.html
Their CEO/Chairman has two LinkedIn accounts. One states he is still working for Wytec another states he is Devito long broadband in Boise, Idaho.
MDGC seems to be an abandoned ticker.
CCOP is/was a holding company of Wytec
CCOP spun off Wytec International in November 2017. CCOP shareholders were able to secure shares in Wytec in a 388:1 ratio.
According this this article, after the spin off, CCOP would not retain any ownership and Wytec was supposed to start trading OTC under WYTC. It never traded under a new OTC. I am unsure where they stock is held. Most likely privately.
I doubt they’d use CCOP to list again. I’m not saying MDGC isn’t a possibility but they can just direct list. Which is what it seems like from their site.
