this letter gives a view of nick's basic biz plan for $$MDIN$$, as you all can see that what he says he does................
MDIN's CEO letter to shareholders!!! Great company with smart CEO long way to go and wowza is in long haul!!
Dear shareholders and investors,
Ever since Northstar re-emerged and announced plans to begin selling it's products again there has been tons of interest in our company and in it's stock. Early on I made the decision that being public would be a side note to our success until such date that it was necessary in order to implement an acquisition by a much larger company or secondary financing, if it made sense. Everything we have done has been fueled and funded 100% privately and we aim to keep it that way for a long time.
Now, I have always done what I could to help the shareholders, and I would truly love to see you all make millions with your holdings. However that is not my main concern, and I do not think it is a secret that my main concern is building the company to the point where we can see twenty-million dollars in annual revenue. I really do not think this is far from our reach. With that said, there will be times when those who would benefit from our failure will take advantage of our position.
When it was recently found out that food town in NJ had Snorenz for sale, they were hammered with so many phone calls, that I am told they pulled it, and I believe it might cost us a contract. On several occasions our web developer, who occupies the space that Northstar previously occupied, was visited by people "asking questions" about my reputability and the validity of Northstar. These calls and visits upset people who are unaware of the public market for MDIN, and they make people very hesitant to work with us. It tarnishes and damages our relationships, and I cannot allow that to happen.
For those of you who believe in Northstar and invested in Northstar's stock, I want to thank you, but I also want to remind you that we never once recommended anyone invest money in Northstar, nor do we personally or as a company benefit from it in any way. In fact it is beginning to hurt us. With that, I will make the absolute and firm statement again that I have not, and will not dilute MDIN while I am CEO of this company. Any selling of shares in quantities small or large are clearly the work of traders who either acquired large blocks early on or sell short. That's a promise I can make with great confidence. I can also promise you that In the very near future, I will put my attention on the company securities, and we will straighten out our state status, lower the authorized shares by a huge amount, and consider whether things like a company share buy-back or stock dividend is beneficial. At that time I will dissect and investigate the makeup of our stock structure and move forward with my plan to re-list ourselves on the OTCBB, and then on to a higher market if possible. However, this is part two of my regrowth of Northstar and we must build the business first.
As far as I am concerned, knowing what I know, MDIN should be trading at a dollar, but shareholder activity has put me in a position where I cannot even announce who our clients are for fear of having them harassed. That is a shame. I think that not only have I given you no reason not to trust me, I think I've proven time and time again that I do what I say and that I do deserve your trust. Please remember that we here at Northstar are setting up a new office, a warehouse, we are launching several products and re-starting relationships with mega-retailers, and we just do not have the resources to be concerned with public opinion or with market makers' shorting activities on a daily basis.
I ask that the people who believe in us, be patient, and those who do not, good luck to you. You can be sure that I am working very hard around the clock to finish what I have started, and you can be 100% sure that whatever goes on in the stock market right now is a result of the actions of someone other than a principal of this company. Over the coming months, I will continue to announce our progress and show the public whatever I can in the way of photos, and other media, but I will not explain or defend my ethics or my actions again.
Thank you for taking the time to read this message
AI
