MedSmart Group Inc (MSGP)

[solong]

And I agree that waiting stinks!! If I was them, I could get current, finish the RM, change name/sticker and then what?

Sell hundreds of millions of shares to raise money? To remodel the existing facility, expand and build on the adjoining lots, expand into new markets, etc. Who would buy it? You'd end up with 7 to 10 bn shares in the float and we'd be lucky to have a bid.

Or they could do what most pennies do and have a massive reverse split, minimum of 100:1 reverse would only take them up to .02 per share but they could probably move it higher with only 70 mil o/s and raise money by issuing private offerings. Even better would be a 500:1 reverse and then you could move it up easily with only 14mil o/s.

Personally, as much as the wait is a tough thing to go through, I'd prefer that they do a sale lease/back renovation project which doesn't involve any dilution to us and use that money to create additional value. Become current once that is completed and move forward.

At least that's my view of what is best for my shares. I hate the wait but I don't like the other options and they aren't going to take an option that just makes us happy...