MedGen Inc (MDIN)

[BSWB]

If he holds a valid debt it's likely that there's nothing stopping him from demanding cash repayment. We never saw the note so we can only speculate the terms and conditions of it though so it's kind of a moot point.

That's not really the issue though.

This is tainted from the old NIR and Barton self dealing days and SEC action against Barton, et al. Trying to make it right would be a massive undertaking that thoroughly outweighs any benefit gained by taking it over. Finra denied the RS application due to missing filings from 2008-20012 so any effort to clean up the share structure would require going back and rectifying this.

Then factor in the domicile issues, the CE on OTC and the general stink this has carried for the last 15 or so years.

Call me a pessimist but I just don't see why anyone would choose this ticker over something with a cleaner history.