MedGen Inc (MDIN)

[kfox]

There have been many auditors in the penny world (shulman and Assoc, Pollard and Kelly as examples) that have been criminally prosecuted and/or professionally barred from practice for fraud and malfeasance because of their actions misleading investors related to pump and dump or other penny scams (Pegasus Wireless, Newmarket, China Crescent for example).

These auditors have at least four common characteristics.
1) one or two man shops 2) opaque public information on a history success with clients 3) a mismatch of experience with the task of auditing companies that have multi products, international sales and a diverse client base as examples and 4) being the auditor of other companies with common ownership and where there is a history of those owners involved in shareholder value destruction such as R/S, A/S increases.

This auditor hits on all those red flags the last of which is the association with other Eay Barton companies.

On the other hand the fact that the Auditor disallowed all of Nick's claimed 11 million in revs and was willing to put out that last qtr report shows they don't seem to get any economic benefit from putting out a bad report. There are unanswered questions with their report though. Why are there no management salaries? Even if not paid Nick and Justin are not working for free. Hence my use of the term semi legit.

Now how about answering the question raised. Where is the 11 million Nick claimed?.

It's OK if its not answered immediately. We both can agree on one thing. Neither one if us is on the other's top of the list to respond quickly. GLTA