Had a discussion with Investor Relations late yesterday
I learned the following as this is proving to be exciting times for MDCN:
Outstanding shares is 60MM Authorized shares is 100MM Float around 5MM If there is a R/S it will be 1/10 not some outrageous 1/10,000 some bashers leave one to believe.
It is true they filed to raise the AS to 1B HOWEVER they are not sure they are going to actually do this. Raising the AS previously may prove to be sufficient once a few of the deals mentioned in PR's come to fruition. We all know what deals are in the works (and if you don't do some DD to find out) but it looks as though one of them is to close by end of THIS MONTHS and at least one or two more to close by end of THIS QUARTER. There is to be a press release to be released in the coming days as an overview to shareholders. We talked about my position and my cost basis compared to where the PPS was three months ago and suggested smart investors are buying now (insiders alike) to re-coop what was lost over the past three months. IR encouraged call backs, did not hold back, encouraged questions and did not shy from certain topics. This is a good sign. 50 cents is coming back very soon.
GLTA - call IR for yourself, number is on this board :)
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