Media Analytics Corp (OTCBB:MEDA) Heads Further Up
Media Analytics Corp (OTCBB:MEDA) is the latest addition to the group of pennystock companies that are backed by pump campaigns with budgets amounting to $3 million. Well, MEDA actually surpassed that number when their promotion disclosed that New Level Media is expected to pay up to $3.8 million.
Pumps backed by such colossal sums of money usually run for a longer periods of time and may involve the distribution of hard mailers. For now the company has had a landing page created for them by StockReportBaron and as of last Thursday a couple of newsletters have been sending out email touts. The largest compensation was taken by StockMister who got paid $100 000 for their services. LiquidTycoon and PennyStockPickAlert, affiliates of Rising Penny Stocks, bagged $35 thousand.
The promo began right after MEDA completed a major overhaul of the company. They ditched the name of FanSport, Inc, appointed a new president and switched to the social media analytics industry. Their previous business left them with the following financial reserves:
- $2476 cash and total assets
- $10 142 total liabilities
- ZERO revenues
- $2500 net loss
Not exactly the numbers one would expect from a “social media juggernaut” as the landing page describes them. Investors should also keep in mind the millions of extremely cheap shares held by insiders of the company. Back in 2011 seed shareholders bought 1.2 million shares, for just $0.01 per share, that became 24 million after the 20-for-1 forward split. The former CEO should also have around 900 thousand shares bought for less than $0.001. As of yesterday MEDA trades for $1.64 
per share.
Indo Global Exchange(s) Pte Ltd (OTCMKTS:IGEX) another one of the companies with a $3 million pumps is still trying to recover after the massive crash it suffered last Wednesday currently sitting at $0.64 while Alkaline Water Co., Inc. (OTCBB:WTER) has almost fallen to its pre-pump prices.
