MedGen Inc (MDIN)

[BSWB]

Company Update IFHR and MDIN

Monday, October 24, 2011

Company Update IFHR and MDIN

As you all know I am an officer of both IFHR and MDIN, two public entities that have had less than impressive if not horrendous years in 2011. The economy has effected both businesses negatively because of their industries and dependencies on thriving small business.

I have been asked by many shareholders about my plans and what is to come. Lots of speculation has clouded the internet about these companies and so let me start by telling you what is NOT happening. Nobody on the inside is selling, for one thing. Both companies are held tightly and there are just no shares in insider hands for any kind of sell off to happen. There is no target for a merger or acquisition that I know of, and I have no idea when the filings will be up to date. Any info other than this is an outright lie. Any numbers representing debt or revenue is an outright lie. Everything will be disclosed in a press release or disclosure, period.

In the past i've been criticized for moaning and groaning about the negative press and "shorter's" trying to get me upset so I'm not going to drone on here but let's just say, well, you will see. Eventually the end game is to get the financials done and disclosures out and they will speak for themselves. It will be very clear who has stock and who does not. Anyone making grandiose claims of "pump and dump" schemes should head my warning that the truth will be out eventually, and your lies will be as clear as day.

For those who think I'm some crook, shilling shareholders for millions, lol...run my credit and see. I own a 2004 Honda and live in a modest 3 bed room house. If I was funneling off millions would I not have at least gotten a new car? Of course. The truth is that I have most of my savings tied up here and do not have all that much to show for it. Except hope and determination.

if you think something shady is happening here, don't buy it! by all means please don't buy it. It is tremendously risky as it is, but if you feel there is manipulation afoot, why would you invest in that? Don't do it. I have been very transparent when it comes to risk and dilution. I've told everything I've been doing every step of the way. Yet, people still speculate and buy...I see why but understand that it is a total gamble, nothing more. I've been asked by investors "tell me why I should buy MDIN or IFHR", My answer was "if you are asking then you should not buy either of them, it's way too risky."

All I can do is be as honest as possible, and let you be the judge. I do plan to eventually be paid back and here is the plan for both companies:
1-Get filing done - this is a megalithic undertaking for someone without a lot of money or resources so I work slowly, day by day.
2-Clean up balance sheets - self explanatory
3-build current businesses - there is a viable business albeit a handicapped one.
4-Seek acquisitions or merger targets. having public equity makes this a no brainer, and should be no suprise.

When?...I do not know. But so far this is the plan. If it does not sound exciting, I am sorry. Fact is, that our original plans failed miserably and all we can do is try, try again. hopefully we have better luck this time around.

So far I have no intention of giving up on the companies. I doubt anyone will see a resignation coming around anytime soon. I don't give up very easily. I will inform everyone if anything changes.

Thank you,
Ray Barton

http://www.northstargbs.com/