MedGen Inc (MDIN)

[Jammin1]

Anyone reading posts like this, and thinking there might be billions of shares out there, should do their DD by reading the quarterly reports.

To save you time, here's the relevant paragraph from the March 31st report:

On July 13, 2010 the Board of Directors and the majority shareholders of the Company approved a 1:30 reverse stock split for its
common stock. The Action was subsequently approved by FINRA to become Effective August 4, 2010. The symbol would remain
“MDIN”, and all fractional shares were rounded up at that time. The Company had 11,370,749,992 shares of common stock
outstanding and post split reduced that number to 379,024,992 shares.

Just after that it explains all the actions which changed the SS up until the March 31 filing date, which left us at 402M shares outstanding and 239 M in the float.

In early June, Nick issued this letter describing all the changes since the quarterly report:
http://medgeninc.com/66138.pdf

So, THAT'S THE ENTIRE HISTORY of how you get from billions of shares out there to today's share structure. The "billions of shares" issued were condensed by a 1:30 reverse split down to under 400M shares, and now we're at about double that mostly due to the lactose intolerance patent license deal. So, NO, those billions of shares are not still out there. They were "condensed" 3 years ago. They are NOT hiding out there and being secretly dumped on the market.