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MDIN is a sub penny. Always was and always will be except for the couple of times a year they(Ray) lets it run for a few days to get the maximum profit from his note for the minimum amount of shares.
imo
MDIN could go to penny land. Dilution won't hold the price back when the time is ripe for a spike. It might go above a penny and stay, but it won't stay for long.
A price above a penny is unsustainable for an extended period of time because Ray and his cohorts will dump as much as they can into the upward volume and kill any upswing.
Keep in mind that this is a sub penny with convertible notes.
imo
I agree, there is probably one more spike left in MDIN before it goes to sleep for good.
imo
Ray likes the increased volume as well.
imo
MDIN has not lost any
momentum at all. All downhill since March.
I believe this is the month the bottom falls out for MDIN.
In HMY @ $3.29
The three reasons for the chill are
two convertible notes, one of which belongs to Ray, and the unknown quantity of printed shares.
imo
Picked up VGZ at .46 today.
In GSS at .404
Ask the ceo. The quote, circa the middle of September, belongs to him, not me.
The ceo admits the existence of dilution,
Took a position NG 2.30
Bought KGC at 4.98
In EGO at 6.75
These gems circa Nov. 2012,
If the first two are unbelievable, why would the third one be believable?
MDIN - Today was very productive, we are increasing our projections for 2013 to 7 million units of Snorenz and 10 million of GNS . Holy Moly
MDIN - All forms have been accepted for distribution of Snorenz through Walmart. Goal will be 5 mil units in first year! Much more to follow Initial Projection... now increased to 17 million units..
MDIN CEO response to current selling: Company has not issued shares in past 24 months. Any selling is existing shares and not dilution.
That's a blast from the past!!!!!
Reverse split?
Another huge delay??
More huge dilution, another huge price decline??
I believe the share structure is getting tighter as much as I believe all this,
per his email from about 5 months ago,
Let me just quickly list what our next 60 days looks like:
1-2 Years back fully audited
2-chill totally lifted
3-File for re-listing on the OTCBB (we've only been off for 13 months or so)
4-Removed 300,000,000 shares from the outstanding/float
5-Bought back another 50,000,000 to 100,000,000 shares to be cancelled
6-starting to appear in all the 12,000 stores we are slated for with the big box chains.
7-Announce the pro-forma projections for next two quarters to include European sales.
8-35% to 50% increase in revenue over the past quarter and a 15% increase in profit margin.
9-Possibly a major celebrity endorsement with product placement on national popular weekly TV show.
This is just the current quarter. Imagine were we will be after that? We just need to be patient while we get over these humps. Then our true value will be apparent.
As soon as the chill is lifted we will be doing a massive ad campaign to get investor interest and tell people about MDIN. If that doesn't do it, then the world must be coming to an end.
In conclusion, there will be a massive reverse split within a year and a half. In MDIN time, that is soon!!!
imo
There is a better chance of the restricted shares used to acquire the patent becoming free trading in a year and a half, than there is a chance of seeing a lactose intolerant product on the market within a year and a half.
From the May 29,2013 pr,
Mr. Chieco also wants to let shareholders know that he will continue using the strategy to take additional shares off the market moving forward, and he is extremely confident that as the end of the quarter nears, Northstar is ever closer to reaching it's goal of delivering audited financials and re-listing on the OTCBB.
Is it the end of July yet?
From the June 11, 2013 pr,
The second paragraph is the one in question.
"We are very happy that Drugstore.com and Walgreens.com are the first to pick up the product online. We know how well Snorenz sells online, and we know with the lower overhead that the internet offers, online sales will be very profitable for them," said Nicholas Chieco, Northstar's CEO.
With major retail distribution expected to be in full swing by the end of July, the rapidly expanding online distribution model will also be applied to Northstar's other products increasing next quarters revenue projections by almost double.
So much for hammering the 12's.
The squeeze has been
ongoing for the past seven months or so. Ray squeezing every last fraction of a cent out of all share holders.
imo
AVEO has been on my radar for a while. I jumped the gun and am in at 2.12 today.
When AMD breaks through 4.31, I believe it goes to 6+ in a hurry.
If it is, where would the
price be if they quit buying?
Hate to put a damper on all the enthusiasm, but
it looks like the 50 day ma is the ceiling, and the 200 day ma, not wanting to feel left out, is starting to fall too!!!!!
Oh, but wait!! WEEEHEEEEE DOGGGGGIEEEE!!! The AD line is rising. YAAAAAAAAAAAAAAAAAAAY!!!!!!!!!!!!!!!!!!!!!!!
http://stockcharts.com/h-sc/ui?s=MDIN&p=D&b=5&g=0&id=p64287590777
Fact or fiction,
MDIN remains chilled......fact
13 million in revenue.....fiction
ss remains the same.......fiction
.0012.....................fact
So, if they didn't have to go through half the crap, and it took them almost a year, does that mean with twice as much crap, MDIN gets an almost two year extension???
I think both MDIN, and
Ray have lost credibility.
They're not even close. A little birdie told me that there's a problem with the share structure!!!
You don't need "deep pockets" to buy mdin here, just a little pocket change will do.
Yes, the financials need to be cooked a little bit longer, and then they'll be done.
imo
From what I hear, audited financials may never be released. They still haven't figured out the true share structure. In my opinion, they never will!!!!!