MedGen Inc (MDIN)

[thecrusher2011]

I apologize, ignore those last few posts we had, I thought I was continuing another conversation with a poster with a similar name, the humor probably didn't make much sense out of context.


That being said, I agree with your points save the last one in regards to taxes paid. There is no reason to believe that taxes were paid since as the quarterly states: "As of December 31, 2012 the Company had approximately $713,652 in net operating loss carry forwards for federal income tax
purposes which expire between 2011 and 2029 held between its various subsidiaries. We are currently using a 35% effective tax rate
for our projected available net operating loss carry forward."


http://www.otcmarkets.com/financialReportViewer?symbol=MDIN&id=102240

Also the cash flows do not make any sense. If you have net income of $981,615 and only $478,230 in recievables then cash should be $503,385, but instead it is only $15,845. That money has to be reflected in the balance sheet somewhere....it's kinda hard to have a balance sheet that doesn't balance.....it just goes to show how worthless these pink sheet quarterly reports are.


Anyways, sorry for the confusion, I try to keep things entertaining sometimes, take care.