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Why Has The MADI Stock Price Lost 18% In Last Session?

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Madison Systems, Inc. (OTCPINK: MADI) closed the last session at $0.045 after losing -18.18%, bringing its market cap to $1.81M. Madison’s stock traded 18.8K shares with 40.16M shares outstanding and 7.10M of float. MADI stock rose when there was no recent news, so recent developments may give us additional information about MADI.

How has MADI been recently?

Madison is a provider of switching devices for network security. In addition to its firewall products, MADI offers products that prevent unauthorized entry into corporate and government computer networks. Canadian-based MADI has headquarters in Aurora.

Madison and Stanmac Broadband Inc. (SBI) have recently provided an update on the future of the patented and proprietary broadband technology they are developing.

  • The association between MADI and Infinity Internet Solutions enables MADI to provide its patented technology that is six to eight years ahead of the industry.
  • The number of subscribers to MADI on the East Prairie project has continued to grow steadily which has changed their lives dramatically, and people are ecstatic.
  • Innovation, Science and Economic Development (ISED) of Canada has approved numerous licenses for MADI to extend its reach into communities that currently lack access to high-speed broadband.
  • MADI has had a reliance on high-speed internet that is unprecedented during the Covid-19 pandemic.

Opportunity for MADI in unserved areas:

There are millions of Canadians and Americans without access to basic internet services, creating a situation that gives MADI the opportunity to expand its reach and services. By partnering with strategic partners, acquiring multiple spectrum licenses, and developing unmatched patented technologies, Madison (MADI) can meet this extraordinary need for broadband and help bridge this digital divide.

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