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This little tidbit has been on the MDIN info page since the beginning of August.
They deleted "around September 15th" out of it.
Next 30 to 60 days
2 year of Audited Financials coming out!
Updated filings with SEC
Documents filed to uplist
The cpa can't sign off because of the numbers. Nothing adds up. imo
The share price indicates investors don't want it, nor do they buy the bs!!
Impossible. It's the share price that keeps getting smaller and smaller.
Hence, the chill.
That number can only be used for the revenues the lactose patent will bring.
And there's nothing funny about that, unless you're looking to get more cheapies, and the cheapiers.
Rays' note alone could translate into 7+ billion shares!!
The company will not relist in 30-60 days. Just as it has not relisted in the past 30-60 days.
The chill will not come off anytime soon.
Potential for billions of shares to hit the market.
imo
MDIN will remain chilled for a long time. Too many unaccounted shares.
In other words, the "audit fins" won't be out around September 15th as was claimed.
From what I hear, the "audit fins" won't be released anytime soon.
Certainly if these loans are in the filings, they must be relevant. Have they been paid back? Didn't see that in any filings. Forgiven? Nope, that's not in any filings either.
HUGE OVERHANG on this stock.
That's a lot of overhang!!!!!
This is a lot of shares,
On February 10, 2010 Company entered into a loan agreement with NIR Group LLC to receive funding of up to $3,000,000 through
a series of convertible debentures carrying 8 % interest with a conversion price equal to the average of the three (3) lowest intra-day
prices for the common stock in the prior twenty (20) trading days. $116,000 of this note was received initially and proceeds from
this loan were devoted to moving the corporate offices from Florida to Holbrook, New York, purchasing office equipment, furniture
and supplies, payment of outstanding corporate debts to various vendors and generally revitalizing and re-directing the business
activities of the Company that had been minimal since 2008 and the departure of former management in July, 2009.
On March 30, 2010 The Company entered into a second loan agreement with Raymond H. Barton, the company CEO at the time for
$78,000, which was used as investment into the infrastructure of the Company. Company management also expects at this time to
devote a portion of these proceeds to the marketing & advertising campaigns of its wholly owned subsidiary NorthStar Business &
Property Brokers, Inc., a private company engaged primarily in business brokering.
Really Nick, the year is almost over, another laugher, from May 22,
The company also wants to take this time to let shareholders know that worldwide interest in the company's products have sparked talks with distributors and retail stores around the globe making it more and more likely that the company's product line will be widely available in foreign as well as domestic, brick and mortar, retail stores as the year progresses. Currently, the "big box" retail chains that have already ordered product, are systematically rolling it out to shelves and everyone should start seeing Northstar's all-natural, safe, and inexpensive alternative healthcare products in their favorite retail store very soon. Lastly the company adds that demand for the products by consumers has been overwhelming, increasing daily, and although retail sales stats have not yet been collected long enough to be very accurate, based on direct sales numbers almost doubling monthly, for the past four months, the company concludes that all three of the company's current products will very likely prove to be top sellers for those retailers that do carry the product.
You are correct.
I don't. I look at audited financials. By the way, where are they?
That's too easy. Dilution is the answer.
imo
Looks like ceo terrific is also
a magician.
Why can't he pull a rabbit out of the hat?
This is a good read, and funny too,
from newswire Dec., 13, 2012,
Lastly the company is formulating a plan to reward current shareholders with a stock dividend, which would increase the holdings of only those shareholders who own MDIN as of a specific date, which is yet to be announced. Along with these well-known strategies, Mr. Chieco assures us that he has a few other tricks up his sleeve. "Those who would see our stock tumble by selling short, for example, have already taken a tremendous risk considering the validity of our proven track record and current successes, but now we have a few things in the wings that those betting against us will not expect, or like very much," said Mr. Chieco with a smile, as he added, " Of course any strategies used would only be used if they stand to have positive effects on existing shareholders. Northstar aims to be a company known for putting shareholders and their investments above all else."
I can read the numbers too, but I still don't know what they are. I seek no verification, nor do I trust!!
You can read the numbers, and you know what the numbers are? Why verify? No trust?
Could someone explain the many things which caused the delay of this goal? Newswire April 22,2013.
Northstar's timeframe for these massive changes is not unlike all of the company's goals, aggressive. The company hopes to have the chill removed, the audits done and the filing of necessary forms for listing on the OTCBB to happen in time for it's next quarterly disclosure, which ends on June 30th. Northstar would like to remind shareholders that there are many things that could cause the company to miss that goal, but many aggressive goals have been set so far, and the company has had a history of pulling it off one way or the other. Northstar Global Business Services, Inc. continues to move forward and gain ground every day though hard work and determination.
On March 6, 2013, the terrific ceo tweeted that he is doing everything possible to prop up the price with his buyback. He said it would be a bumpy ride. The ride, however, is a relatively smooth slide.
Since that tweet, MDIN is down about 80%.
From these levels, MDIN can only lose 100%!!!
Lowest close since MDIN started buying back shares, and I suspect there will be lower, and lower closes coming SOON!!!
If you trusted Nicks' numbers, you wouldn't try to verify his accuracy through another source. Would you?
Don't you trust Nicks' numbers?
.0011's up. So much for gobbling up the 0013's.
OK, so I might have exaggerated by 10%, but MDIN is down by about 80% since March 6, when ceo terrific tweeted that he's buying as much as he can to prop up the share price.
He failed.
Looks like the "true longs" don't even want the cheap 0013's. Perhaps even they know the cheapiers are on the way!
His best effort, and the stock falls 90%. If he puts a little more effort into it, the stock could go to no bid.
ceo terrific, his words, not mine.
This is the reason for the chill,
"We don't know if some restricted share are hitting the market but if they did it will not be dilution."
Yeah, I know what you mean. Every time I take a long position in a stock, I hope it goes down to nothing.
One last thought for the evening,
Northstar Global Business Ser (MDIN)
$ 0.0013 ?0.00 (0.00%)
Volume: 259,327
They just may be gone forever.
Why is MDIN chilled? Maybe cuz nobody can figure out the SS.
Make no mistake, when the trips arrive, there will be no paint. Would no bid satisfy?
Soon means nine months or longer around here. More than likely longer.
Oh yeah, forgot all that's coming soon.