MedGen Inc (MDIN)

[Scumbag Fraudsters]

Some people buy pinky shells without DD the same way some people buy pinky stocks without DD.


Everyone's familiar with wealthy businessman Kevin Harrington from Shark Tank and As Seen On TV infomercial fame.

Well, he was the senior partner in a rinky-dink investment company that, along with his dumbass partner Steve, bought 2 pinky shells without proper DD.




Shortly thereafter, Dumbass (the CEO) sent this email to a shareholder:


That reply clearly conveys that they had no idea how screwed up the stock was when they bought it.


That same month the other shell, named SharkReach (for obvious reasons), was REVOKED.

The one that wasn't revoked has been dead for 2+ years as bagholders sit patiently waiting for a miracle to revive it (or the SEC to revoke it).



I only cite those stocks as examples because it shows that even an investment company with the backing of an (usually) astute multi-millionaire like Harrington can screw the pooch when it comes to researching an investment before actually investing in it.

BTW, both Harrington and Dumbass are now defendants in a lawsuit accusing them of theft related to the two shells.

Why would they buy mdin if they are failed and have no plan to do anything with it. Doesn’t it cost to purchase the ticker?

Long story, but the point is - new owner often means new scammer. Even when the new owner is a multi-millionaire like Kevin Harrington with all the legal and financial support at his disposal, things sometimes don't work out well for investors.