MedGen Inc (MDIN)

[Jammin1]

I agree that the share structure is probably not what's reported, but perhaps they're still finding hidden shares and don't want to announce the adjustment until they've got it all figured out and fully audited, to at least give some finality to it all.

There was a previous time when we figured out that more shares were owned than were in the reported float, back in May or something, and they soon announced that some previously restricted shares became unrestricted, adding them to the float. The O/S didn't change at that time, however.

I have a hunch that the O/S will change this time.

However, I don't think it will be upped by more than 200 to 300 million, and that amount doesn't worry me. Even if it goes up by double that, it's fine as long as that's the final total, and no more hidden shares get revealed, and it's all audited and the chill is removed. The company is undervalued given their revenue growth. They just need to give people some confidence that the share structure and revenue totals can be trusted, and then we'll be on our way to multipennies.