Media Analytics Corp (OTCMKTS:MEDA) has exploded on Monday after new kids on the block Finestpennystocks.com, Smartstockchoices.com, Bestamericanstocks.com and Elitepennystock.com announced it as their new big pick.
Fresh of their success on Glenmark Capital Corp; GLRKF which they took from illiquid at $0.20 to well over $0.60 on spectacular volume the new kids turned the attention to MEDA and bulls have been running the show since.
Prior to the recent run up MEDA had been bottomed out at a penny hitting a recent low of $0.0104. Back in 2013 MEDA was the subject of a $3.8 million promotion that took the stock from pennies to well over $0.60 a share.
Media Analytics Corp (OTCMKTS:MEDA) operates in the social media space; they were incorporated in the state of Florida in mid-2011 as Fansport Inc. and planned to develop and provide social gaming mobile applications for fantasy sports enthusiasts. When this proved to be unsuccessful, they changed their name to Media Analytics Corp. in September of 2013.
MEDA has little fundamentals; their only asset is the 300,000 they carry on their books for the Klarity agreements which has not been paid for yet according to the amended agreement. The Company has $157k in current liabilities and $0 revenues to date.
According to Hotstocked who dug back deep into the filings ”some unnamed investors paid $12,000 and in exchange, they received 24,000,000 shares of MEDA common stock back in August of 2011. The 24,000,000 shares were turned into 72,000,000 last month when MEDA decided to effectuate a 3-for-1 forward split. For the record, each and every one of those 72 million shares cost the unnamed investors just $0.00016”
There has been much discussion online in recent days to possible ties between new kids Finestpennystocks.com, Smartstockchoices.com, Bestamericanstocks.com and Elitepennystock.com and Awesome Penny Stocks (APS) the former Godzilla of small caps. This gained some traction considering the obvious similarities between Finestpennystocks.com and the old APS site as well as the massive volume that MEDA has been trading. This seems unlikely though and the new kids simply modeled once of their websites to look like the old APS
Bestamericanstocks said yesterday ” MEDA is gaining and gaining! Dear Trader, MEDA is a red hot stock on fire right now! I told you this morning to jump right in and many of you smart readers hopped right in at 6 cents and now you’re sitting very pretty on more than 20% gains in just a few hours!
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Already more than 10 million shares have been snapped up by savvy investors: WATCH THE MEDA CHART CLOSELY, all indicators point to a price breakout sooner rather than later! Earlier this morning I mentioned that MEDA would flirt with 8 cents, and that’s exactly where it is MEDA screams opportunity right now. If you can buy MEDA shares for less than 8.5 cents, you need to jump right in to maximize your gains later on!
This rocket is going to zoom past 10 cents this week sooner rather than later, so please, call your broker, load up your online brokerage account, because MEDA is the company that is going to make you very, very happy this Christmas!”
The email comes from ”Thomas Williams, Your BestAmericanStocks.com Analyst; Mr. Thomas Williams graduated from the top business school on the East Coast with honors and has been a leading expert analyst for small-cap companies for the last two decades. Throughout his career Mr. Thomas Williams has worked for top tier firms such as Goldman Sachs and JP Morgan Chase until finally deciding to go independent. He is one of the premier analysts in his field and was heavily praised during the recession for finding stocks that were considerably beating the market. Today Mr Thomas Williams is our head analyst and his picks have generated combined returns of more than 94% for our members.
Currently trading at a $25 million market valuation MEDA is running on spectacular volume since its lows of $0.0104 and the paltry $4.5 million it was trading at before the new kids came to town. Finestpennystocks.com, Smartstockchoices.com, Bestamericanstocks.com and Elitepennystock.com showed us their ability to successfully trade a stock up over the longer term as they did on GLRKF. MEDA is just on day 3 so if GLRKF is any indication of what is to come we still have a long way to go from here; there will be ups and downs but it seems likely the new kids team will keep running MEDA for the next few weeks at least.
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A break over $0.21 resistance levels the stock formed back in April and May of this year would represent an epic win for shareholders and confirmation of a significant leg up; that is if MEDA ever gets that far. Long term MEDA has not fundamentals and will most certainly end up right back where it started which is somewhere around $0.01.
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Disclosure: we hold no position in MEDA either long or short and we have not been compensated for this article