MedGen Inc (MDIN)

[3WhiteSoldiers]

MILLIONS OF DOLLARS MISSING & UNACCOUNTED FOR!!!

Wed, Aug 14, 2013

Northstar also wishes to remind the shareholders that although the third quarter did see higher sales than previous quarters, the financial statements were prepared using a much higher standard of accounting principles, so actual sales previously shown hitting the bottom line as gross sales may now be accounted for as deferred revenue in order to qualify for SEC reporting. This happens because some or all of the revenue coming from wholesale agreements allow for the return of unsold merchandise for a period of time, and for that reason the revenue cannot be considered earned until that time period has passed. This could cause direct comparison to last quarter as it stands now to be a little confusing. However, with contracted wholesale sales for the third quarter totaling $7,114,022.50, up from the $5,649,713.00 last quarter, the company is confident that in the months and quarters ahead the company will begin to show its true value. Of course, all quarters for the past two years will be re-stated along with the audit when completed, so that the clear line of growth that NorthStar has experienced can easily be seen.

SHOW US THE MONEY!!!