Media Technics, Corp. (OTCMKTS:MEDT) Carried Over Another Strong Day

Media Technics, Corp. (OTCMKTS:MEDT) not only lived through another day, but did so with another fast increase in price. MEDT gained 36% to $0.0034, on dollar volumes of $426,000. MEDT has not offered new PR updates on its attempts to become a supplier of medical marijuana growth technologies.

Investors’ forums remain very optimistic about MEDT and its potential product sales- the company aims to supply LED lights and also participate in a joint venture to sell a greenhouse climate control system. There are claims that an order has been placed for nearly $250,000, but no further details. Also, the product is not unique and better developed alternatives exist. Still, MEDT is seen as a “sleeping monster”, but will have to prove its value.

Speaking of value, we have to wait a bit more for the turnaround to receive true updates on the financial situation of MEDT. Currently, the OTC page shows a warning sign that the company may not be revealing information to the public. The filings available do not show the reserves or earnings, but only past activity when MEDT worked as a solar energy company. MEDT claims to have purchased 80 acres of land in California to build a solar electricity park, but so far we know little of what happened so that the business model changed instead to computer systems and LED lights.

Also, MEDT is on its seventh name and identity change, a usual trick for penny stock companies- but let’s see if the latest pot stock madness can remedy the relatively weak trading in the past years.

In its fast climb, MEDT recalls the behavior of Fortitude Group, Inc. (OTCMKTS:FRTD), another newcomer to the medical marijuana industry. FRTD rose on promises it would offer processing services through the specialized site eViteXchange.com, and now it is a matter of finding marijuana dispensaries that would agree to use the service. Still, FRTD secured two phenomenal days, though it retreated a bit this Monday.

Resource Ventures, Inc. (OTCMKTS:REVI) is yet another low-priced stock that grew by five times when it promised it would be offering printing services for the intended magazine “Hemp Nation” in partnership with Hemp, Inc. (OTCMKTS:HEMP).

The last couple of weeks were marked by sub-penny stocks finding ways to transform themselves into hot marijuana tickers. It is best to be aware that fast climbers often go on to mark sharp losses, and MEDT is too new to be reliable. Avoid investing sums that you cannot afford to lose in part or in whole, and check for yourself the quality of each very low-priced ticker, as both underlying potential and stock volatility vary greatly in the marijuana sector.