MedGen Inc (MDIN)

[cldbloodwrmwallet]

EMAIL FROM NICK TALKING ABOUT SS AND BUYBACK 8/14/13

This is a complicated question. in order for shares to effectively change the outstanding they have to not only be processed by the TA, but also be acknowledged by the DTC and SEC. I'm not an SEC attorney so the details are a little vague, but the nuts and bolts is that shares we bought back and cancelled between the first and second quarters were not fully retired until the next Q technically, and the shares that were technically retired in this Q were already applied to the outstanding. It's funny because I said the same thing, I am authorizing all of this buying and canceling and they never show, but I am assured they are logged and will show, especially by the next quarter. As far as I am concerned as soon as I send the document to TA to cut a paper cert and cancel it, the shares no longer exist, but the SEC feels differently.