MedGen Inc (MDIN)

[Werbe]

From what I read they tried multiple times to RS here and were denied by FINRA due to their delinquent SEC filings. Before they deregistered in 2012, they were delinquent 4 years and thats Finras hangup. They cannot RS here whatsoever and that is concrete fact.

New owners were either duped or thought they could get the RS through. There is only 1 convertible note here and it has some ridiculous conversion rate. They need to work out a deal with the note holder to either eliminate that or rework the numbers. They go current through OTCM and work on the SEC problem over time. Raise capital through future dilution or try and find a shareholder friendly source of funding.

IMO, New owners are legit and could bring value and substance to this ticker and shareholders.