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Correct me if I'm wrong, MDIN has 45 days after end of quarter to report Q numbers. That means within the next month, not March. ~Mid-Feb is when we should expect the 1st Q. 'twas the 19th of Feb last year.
From ~.001 to ~a penny twice in last year and a half. Both times were on less than 400M volume in relatively short time-frames. Risk is worth reward here on that alone. The other stuff coming together would be a happy "accident". IMO
I would like to see it! MDIN
Good business fundamentals or not, this stock can easily head back to .01. It hasn't traded over 200M shares in one week in the last 2 years. SS is still tight for sub-penny, just needs some hype for a surge. I have seen others trade as much as 1.25B in a week and hit .03 recently. It will be a very quick rise if some hype comes to MDIN. Until some substantial, tangible news comes out, MDIN will continue to rely on such hype to raise the SP. It will fall back from any runs without said news however.
IMO
MDIN is sub-penny, exercising the term "investment" is ill-advised. IMO
It's hard to make money investing in sub-pennies. Trading is the way to go. IMO
The most you will receive here is biased opinion. IMO
1. The article you linked earlier state Nick, rather MedGen Inc., owns a patent license. See below:
Source: http://inventors.about.com/od/licensingmarketing/a/patent_licensin.htm
Patent Licensing
The owner of a patent may grant licenses to others. Since the patentee has the right to exclude others from making, using, offering for sale or selling or importing the invention, no one else may do any of these things without his/her permission. A patent licensing agreement is in essence nothing more than a promise by the licensor not to sue the licensee. No particular form of license is required; a license is a written contract and may include whatever provisions the parties agree upon, including the payment of royalties, etc.
The drawing up of a license agreement (as well as assignments) is within the field of an attorney at law. Such attorney should be familiar with patent matters as well. A few States have prescribed certain formalities to be observed in connection with the sale of patent rights.
People want out. Can't blame them, can you?
Nice hit!
Hit those .0005s
Nice volume today MDIN
Make note, these numbers are straight from FINRA. See the links provided...
Holy shorty Batman....... $MDIN
http://regsho.finra.org/FORFshvol20140106.txt
Date: 20140106 | Symbol: MDIN | Short Volume: 4036103 | Short Exempt Volume: 0 | Total Volume: 4661533 | Market:O
(4,036,103/4,661,533)*100 = 86.58316909909251 OR ~87% Short Volume
http://regsho.finra.org/FORFshvol20140103.txt
Date: 20140103 | Symbol: MDIN | Short Volume: 2718197 | Short Exempt Volume: 0 | Total Volume: 5541814 | Market:O
(2,718,197/5,541,814)*100 = 49.04886739251805 OR ~49% Short Volume
((4,036,103 + 2,718,197)
/(4,661,533 + 5,541,814))
*100
= 66.196905780034727820194687096303 OR ~66% Short Volume last 2 days.......
The sky is totally falling... Or, at least, someone wants you to think it is...
I hope Ray's debt is never converted, rather paid off. It does not need to be converted, and I believe Nick will pay it as soon as the funds become available. IMO
Maybe this is all smoke and mirrors, but the SS is still attractive. Until that changes, I will be holding for higher PPS. However, my exit point is becoming lower every week. I do not see a .05¢/sh buyout with the current SS unless; the millions in revenues are realized, or the SS is tightened to reflect ~350M AS(Yes, 350,000,000 Authorized Shares) and Ray's debt is wiped out without converting. There is no value for someone to pay more than $20M for a buyout, and that is probably a generous estimate. IMO
Interesting we are down 33% and gained 2 more followers through all the negativity.... .0005 may be on deck, but a reversal is not out of the question.... IMO
Yikes!
The millions outlined have yet to be realized. The agreements with retailers allow for the product to be returned under specific conditions. I/We do not know the conditions as that is between MDIN and each retailer. Snorenz made $20M in revenues a year in the early 2000s so it isn't far fetched to believe that is achievable now. Especially with the aid of internet shopping.
I am anxious to see the revenue realized as well, Gainmaker.
I expect the next Q out in mid Feb. It came out on the 18th last year. Do not expect millions for last Q. Most likely it will be 100k, or maybe a bit more.
Shorty has been busy.....
20131219|MDIN|6467648|0|13275381|O
http://regsho.finra.org/FORFshvol20131219.txt
Shorty making bank.... IMO
Of course, this is just my opinion based on my own DD.
There has been a split since 2009. I know the officers were to be issued preferred shares in exchange for common stock, but there is no evidence this conversion ever took place. MDIN cannot legally have an AS less than the amount needed to cover all conversions upon request, and would have been shutdown and halted since 1.5B would not cover that amount, granted the conversions took place and they can convert their preferred to common upon request. At the very least, they would not have been allowed to lower the AS. This leads me to believe the old officers only have post split amounts of shares of common stock. I have yet to find paperwork to suggest otherwise.
Paul Mitchell and Paul Kravitz were crooks, or just very poor business operators. They did a lot of shady, shady, things dating back to the early 90s. There are probably MANY things that will raise flags when looking into this company's history during their reign. Unfortunately for Ray, he took over a company in an unrecoverable nosedive. I can't speak for his personality, but there is nothing he could have done to get this company out of the hole the "Pauls" placed it to rest. At any rate, this is the past of the company. There was no revenue generated during that time, and a LOT of debt was accrued. They are still carrying the deficit from that time forward for taxes.
As for the shares accounted for here. I have summed that up already as nothing more than hearsay. We really have no idea who owns what, except Dangus and the late onemorehill. Speculation is not a basis for determining SS, or a grounds for legitimate discussion.
If you have links to RELEVANT documentation explaining any of the above concerns, feel free to post them.
Regards
MDIN .0012s falling
MDIN .0012s falling
MDIN nice hits @.0012
Excellent news. IMO
Someone made 12.04 today......
Also, there are major short players involved here. IMO
These guys are very good at what they are doing. It seems opportune to short ATM because the company is weak. No news, annual has yet to be disclosed, chill still in effect months after supposed lifting was imminent, and shareholder sentiment is being pushed to an extreme negative because of these facts. IMO
This was never a short term play however, except for those shorting and flipping. That is why we are down at these levels. All of the above. IMO
I think we will enter a new, long term uptrend once the above items begin happening. They may start as early as the next couple weeks. Be ready, shares are cheap ATM. IMO
The shorting is the reason I am not personally worried about the SS. All official documents say the SS is tight and low. I will believe that until Nick goes to jail, or he releases documents stating otherwise. I don't think he is going to jail anytime soon, as he is doing a good job bringing the company back to life. Zero revenue to positive revenue is ALWAYS a good sign for a company, and we have that here with MDIN. I can wait a few more months. IMO
There is no evidence other than "hearsay" of the SS being higher than expected.
New, promising tweets.
https://twitter.com/MedGenInc
I agree. Bullish MACD and RSI crossovers, and two white candles. Hopefully we see a third today. We really need a catalyst for this to go back and test .01. Hopefully that comes in the next 2 weeks, but I feel it may be January before we see anything. IMO
If we continue to head higher, finishing the week around .002, the weekly will begin to show the formation of an inverse head and shoulder pattern. This is very bullish. We need to break into the .002s and close/stay above .0026 in the next couple of weeks.
Inverse Head and Shoulders:
Inverse Head and Shoulders (Head-and-Shoulders Bottom)
The inverse head-and-shoulders pattern is the exact opposite of the head-and-shoulders top, as it signals that the security is set to make an upward move. Often coming at the end of a downtrend, the inverse head and shoulders is considered to be a reversal pattern, as the security typically heads higher after the completion of the pattern.
Again, there are four steps to this pattern, starting with the formation of the left shoulder, which occurs when the price falls to a new low and rallies to a high. The formation of the head, which is the second step, occurs when the price moves to a low that is below the previous low, followed by a return to the previous high. This move back to the previous high creates the neckline for this chart pattern. The third step is the formation of the right shoulder, which sees a sell-off, but to a low that is higher than the previous one, followed by a return to the neckline. The pattern is complete when the price breaks above the neckline.
225k@.001 thanks Mr. Short! Good luck covering!
I think this is GETTING READY....
Nice volume though
Haven't seen buys in the millions in a while.. Interesting..MDIN
Inexperience, ignorance, or to free up funds for another, quicker, opportunity. Not to worry though. It was quickly snatched up by an interested buyer.