Northstar Global Business Services, Inc.
20 Peachtree Court Suite 103H - Holbrook, NY 11766
PH: 877-571-4387 | FX: 877-571-6184 | info@medgeninc.com
Dear Shareholders,
I know you all are anxiously awaiting an update. Although yesterday was a tough day with travelling and all, I
wanted to get it to you as quickly as possible. I arrived in the office around 6:00am so that I could take my time
and give you all as much up-to-the-minute information as possible. With that I won’t waste time, and I’ll dig
right in.
I had a very important meeting yesterday as some of you may already know with the objective of getting some
answers, and trying to understand why our chill removal was taking so long. I was told by the gentleman I met
with, that in his 20+-year career, no company CEO has ever insisted on a face-to-face meeting. In fact, they
usually have to chase CEO’s down. I think that stood as a testament to the fact that we have nothing to hide, and
I think it will carry us a long way from here on out. I have to say that going into the meeting I was outright
angry. Of course, I put that anger aside until it was useful, and when it was, I let him know that we will not
stand for a runaround. We demand action from our governing agencies, and that I was not standing there as an
individual, or even as a representative of a corporation, but as a representative of our shareholders who expect
the attention and action we deserve. Needless to say, he was very responsive, and appreciated my position. So
we got to the bottom of the situation.
The delay in processing our chill removal is due in part because of the SEC approval they must get. This
process is typically about more than just some issuances; it’s about the company, and whether or not the
company can be trusted moving forward. That is not for the DTCC to say, it is for the SEC to say. MDIN’s chill
is not, however, a standard case of a bunch of issuances. It is a case of Billions of shares being electronically
transferred to a company (The NIR Group) that got into hot water with regulators. NIR group was forced to
close its doors and sell it’s holdings back in 2010/2011 before Mr. Barton or I came to be CEO of the company.
In digging further, and actually calling our beloved SEC right there on speaker, we came to understand that the
delay was NOT in the SEC approving us! I was told that approving the chill removal was a given. The delay is
that the SEC Investigation division is looking to see if NIR Group did anything that could be criminally
prosecuted. I was assured this had nothing to do with us, and that it’s already been determined that MDIN did
nothing wrong anywhere along the line. Fortunately, management prior to Mr. Barton well documented
everything so that is not in doubt, and neither is our share structure. Looking closely at these transactions was
more about where stock and money went after it left MDIN and was in the hands of NIR. I was told that our
documentation gave them a stockpile of data they could use to check in to the former management of NIR and
they thanked me for it. I also received something I didn’t expect from a Government Agency, an apology for the
incredible delay they have caused.
I was appreciative of their position and I feel, as they do, that standing up for the shareholders that lost their
money during the “NIR Period” was as important as standing up for the current shareholders, but it shouldn’t
interfere with those new shareholders or be the cause for losses. The bottom line here is that I was told we
would be green lighted and put through the process for removal of our chill. I got a lot of answers, but the one I
wanted most they just couldn’t give me. How long it would take. I was given a mobile phone number and told
that if approval didn’t come to us within two weeks (not counting next week since it is a holiday week) that I
should call this gentleman personally. That did give me some feelings of assurance that it will be at least taken
seriously, and I jokingly dialed him right there to make sure he gave me his real number. Everyone got a
chuckle out of that.
AI
