The Rise of MediaNet Group Technologies Inc.(PINK:MEDG)

For one reason or another, volumes keep rising, and the stock price of MediaNet Group Technologies Inc.(PINK:MEDG) keeps accumulating value. In October alone, the increase in its share price is almost 50%, and the pace is not slowing down, but rather than that speeding up. 

Yesterday is a good example. Another positive day for MEDG with almost 400k shares exchanging hands and a 16.6% increase in the stock price, the session closing at $0.35 per share. No news, no promotions, no SEC filings this week. Just an optimistic stock performance, and a busy day for shorters. Yesterday, 133k shares exchanged hands as a result of short-trading activity. In the meantime, the third quarter is over now, so financial results should be expected soon.

On a related subject, while it is uncertain whether this rise on the stock market would continue, one thing is almost for sure - the balance sheet is a major factor that affects the stock price and interest for longer periods of time. Whether the effect is positive or negative is another matter entirely. For example, this is what the 10-Q for the second quarter includes:

Not really inspiring, not too bad, either. In terms, there are opportunities for profits, but there is also a level of risk involved, which not all investors might be comfortable with.