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GDTK read the annual report. looks to me like the A/S is going to be raised, soon. All the (and there is lots of it) preferred stock has a par value of .001 (section 5) .. also read page 24!!
'in December 2012 the company failed to meet its financial requirements with regard to the 109 acres in desert hot springs California.... The lender reacquired the site due to lack of payment'
Garbage. its a 00 stock not a .01+ stock imho. if you trade it make it quick.
http://www.otcmarkets.com/financialReportViewer?symbol=GDTK&id=96828
Facts about MDIN!
12.5 BILLION shares authorized?
**This was put in place by the old CEO not the new one
Northstar Global Business Services, Inc. purchased 100% of the outstanding stock of Northstar Business and Property Brokers, Inc. in exchange for 3,000,000,000 of fully vested shares of restricted common stock, which were valued at $.0001 per share or $300,000
** This was done before the last RS and that also was done by the old CEO.
MDIN Shareholders from CEO
Shareholders;
It brings me great pleasure to introduce myself as the new Chief Executive Officer of Northstar Global Business Services, Symbol, MDIN. I am very happy to have the opportunity to serve you all, and I am humbled by the responsibility I now have to breath new life into this withering entity. As you can see, we worked very hard to bring the company current with respect to its disclosure statements in order to bring it's OTC Market tier to current pink sheet status. This was not easy, but I feel it was necessary to start with a clean slate. Although, it is likely none of you have heard of me due to my staying away from public entities, I have had a long career in private industry, and I have the knowledge and experience necessary to revive MDIN to a respectable level once again. In my entire career starting and running [private] companies in various industries, MDIN has more potential then I have ever seen. Unfortunately, gambles taken by previous administrations didn't work out, and sent the company into a downward spiral. However, I vow to bring MDIN to its former greatness and profitability using a common sense, strategically thought out, long term growth approach.
For those of you who bought MDIN as a speculative purchase more recently, it's important to look at the company's history before we plan the future. As MedGen,Inc., this company thrived, selling respectable numbers of units of it's more successful products through powerful retail channels. The company Still owns these FDA Approved products as well as non-FDA approved products and the patents and copyrights that go with them. It was a combination of bad timing, poor planning, and a move into "Sexually oriented" products that lost the firm it's retail distribution and as a result, it's shelf space, ultimately reducing the revenue and driving the company to its current state.
A novel attempt by former CEO Raymond Barton, was to merge MDIN with his company in business brokering, taking a "Revenue first" approach to rebuilding. Mr. Barton's approach failed due to two factors. First was the unrealistic conversion arrangements the original management made with a Hedge fund called NIR, an entity now being forcefully liquidated because of criminal wrongdoing by it's founder. These conversion arrangements forced Mr. Barton's hand in diluting the equity unfairly, but after much research we see no further legitimacy in the claims of debt by NIR, and will not issue additional shares to them or a successor under any circumstances. The second factor that hurt the former CEO was economic distress directly effecting his industry. I know it is standard executive strategy to bash former management, but I have known Mr. Barton for many years and he is a brilliant entrepreneur who had a bad hand dealt to him. He is not to be blamed here, and given all the facts, I cannot say with confidence that most professional CEO's would not have done exactly the same thing. Mr. Barton's action did avoid the company from entering into bankruptcy or becoming a "shell" so he is the one who made it possible for us to be here today. For that I thank him.
My approach is simple. First, take inventory of the company assets and utilize the strategy that worked before, while avoiding the pitfalls of the past. My goal is to immediately revive "Goodnight's Sleep" and "Snorenz" so we can rebuild the massive retail channels available to us through my connections and the connections of some of my associates to get those products back on the shelves of retail stores where they belong. A tremendous online sales channel also exists, and we will take advantage of that as well. These products generated a massive amount of revenue for the company in the past and absent a few managerial mistakes that were made, they will do so again. Of course that is not enough. That's only a small step in our new journey, and our biggest leap will come in the production of a new line of products that utilize leading edge technology that extracts newly discovered, all natural compounds, which increase the body's production and floods the bloodstream with adult stem cells!
Yes, after almost thirteen years of research by my associates, and several years of research by independent laboratories, these compounds' effectiveness has been scientifically proven, and the results are nothing short of unbelievable. Imagine healing injuries one hundred times faster, replacing brain cells or regenerating liver cells 400 times faster, actually increasing intelligence, and even growing muscle at a rate of 1000 times faster than normal. Now, imagine these life changing properties being contained in over-the-counter products available in your local Walmart or CVS Drug Store. Lastly, Imagine our company name on the box.
In the coming months I will hopefully be announcing the re-release of our previously successful products, "Goodnight's Sleep" and "Snorenz", new supply and retail sales contracts, and ultimately the release of these new and exciting products, and their move into alternate medicine. It is my professional opinion, as well as the opinion of my associates that a revolution is about to take place whereas natural supplements and Over-the-counter medications using adult stem cell therapy to achieve amazing, proven results is available to every person on the planet.
Using this common sense approach of using existing company assets, to do what we know provides results, and then coupling those assets with new leading edge science, not only do I feel I can bring MDIN to it's previous success, but I believe that we can take MDIN to new heights never even imagined by any of us.
Now, I know you are all anxious. I know a lot of you have lost a lot of money in the equity of this company, and hard economic times have made you desperate to achieve a quick return. However, if we are to really create something of value, I have to ask for your patience and support in this journey. I will be as transparent as I can, and I will work around the clock until I succeed. That's the best I can offer in the way of a guarantee. A personal vow to do my best.
Thank you for reading this message, and God bless you all.
Nicholas Chieco Chief Executive Officer & Chairman Northstar Global Business Services, Inc.
Written in June this year!
MDIN front loaded overbought POS. Does anyone do DD anymore?
12.5 BILLION shares authorized?? wtf lol
Get ready for the dumpage..
Northstar Global Business Services, Inc. purchased 100% of the outstanding stock of Northstar Business and
Property Brokers, Inc. in exchange for 3,000,000,000 of fully vested shares of restricted common stock, which were valued at $.0001
per share or $300,000
The Company has incurred operating losses, and as of March 31, 2012, the Company had no working capital and an accumulated
deficit of ($78,000). These factors raise substantial doubt about the Company’s ability to continue as a going concern.
anyone buying this junk next week above 001 should change their alias to sucker.
http://www.otcmarkets.com/financialReportViewer?symbol=MDIN&id=83545
launch time is near ..chart is primed. all systems are go.
imo
GFMD ready to go correct? tia
$NBRI on high alert all over IHUB..Bottom confirmed and NBRI like a coiled spring..Whats gonna light the fuse? EB-5 financing for The Ruby aquisition? Final Frazier River permit approved? The bounce will be fast and furious! http://www.northbayresources.com
Rad trader..Board marked!
for new eyes: NEOM is a gem!!
we have a billionaire interested in buy company
http://ih.advfn.com/p.php?pid=nmona&article=51706193
NEOM.ob THE BEST BOUNCE PLAY
Never invest in a penny stock..trade it! If you see 100% gains and you think its still going higher, sell 1/2 at the very least!
We're going to make rock stars out of penny traders.
Good day... cant ever go wrong taking profits.
The Shiny Penny Weeeeeeeeeeeeeeeeeeeeeee
looking good...new board? marked it
KMAG 001 huge hit. it might go here..my tune changing on this one
MRIB alerted at 0006 Now 0015
SIIX Member Profile SIIX Member Level
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Tuesday, February 14, 2012 9:55:43 AM
Re: None
Post # of 840733
MRIB on WATCH 000 breaK coming imho
UNGS 001 jiggy here. Watching the volume for now.
ICTY 0013 area new support. Im looking for 002's
Got some SCHN puts yesterday ~ Horrible ER's this morning... Head fake here?
In some JULY BAC $9 puts (.08's/.09's)
i think i was a month to early on my BAC puts..win some..lose some.
i love ben, i mean i hate him, mean i love him. the fed? they know nothing!! they know everything!!!!!
apparently your only option is to have a split personality like jim cramer has. lol
cramer rocks. i love the guy. buy buy buy buy buy!!!! hold on, how can i buy now when i put all my fukin money way for 5 years? thats what he said to do right... only 6 months ago? now we are in a new bull market? wtf am i going to do now!!??? LOL!
actually, i think AUD/USD (at best) will triple-top out and drop like a rock if we see the commodity trade unwind and US equities sell off. betcha i can short it from .815 ~~> .79, minimum. :)
thanks for your take on GBP/USD. i'll pull a chart on that one.
LOL!!! AUD/USD having quite a run. DOnt see that having as much downside potential as GDP/USD, which i added short today and will try and add more on Sunday night/Mond with any added leverage.. Got mine at 164.50... looking to add more USD/CAD as well....
right. i've been having fun lately shorting AUD/USD in the FX market, and have been waiting for this turn for quite some time. whenever GS says "buy oil" i know it's time to "sell"...
those pumpers! lol
Well im betting on a the dollar getting stronger on the next week or so. H & S pattern forming on the USD.. :)
Usually signals a downturn in equities with the Commods and energy stocks leading the charge :)
i think our strategies are similar, to go after the high fliers that are losing altitude. consider GMCR. my broker didn't have shares available - 32.53% of the float is now short.
that led me to the following:
GMCR Jul 50 Put: +GCQSJ | Non-Standard Option|150 shares of GMCR
and
GMCR Jul 50 Put: +QGMSJ
50 is the bottom bolli on the daily. i think we can get there by july expiration. maybe a lot further if the gap fills. :)
Was quite busy last few days, and havent looked at many charts the past few days. Looking today I see similiar patterns on each.
Look at POT ICE APPL GOOG BIDU JPM ~
All trading in a wobbily channel.. All look ready to break. Looks like AAPL and BIDU have started to roll over...
Anyway, ill have some charts and PUT plays by Sunday Night ~
looking forward to it. i think since most of us are trading puts instead of calls, this board ought to heat up in the days ahead. :)
Think thats a safe play. Im looking for more BIDU and Goog Puts next week... Ill have some charts sunday night.
AAPL giving up ground... sar flipped negative ~~~>
in QAASD july 120 puts.
GMCR puts:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38581039
lots of short interest on this one. timberrrrrrr...
QAASD aapl 120 puts going green on the day, despite the cramer pump job.... ;)
thanks, jim cramer, for screwing up my AAPL puts. easy come, easy go...... lol
AAPL doing a late day fade........ going red now.
in WSM strangles $15 calls .75 $12.50 puts .50, earnings are out tomorrow morning
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