Replies to post #112904 on MedGen Inc (MDIN)

[Scumbag Fraudsters]

I asked them about that the other day - I called the SEC 3 times Monday.

This is straight from the recorded call:

The first guy told me "in regard to SEC issuing a trade suspension, the OTC has already issued a stop order on the stock so it’s not trading on the OTC anymore."

I said " it traded two Fridays ago."

He said "those are manual trades, those aren’t trades that are being executed on the OTC market. These are individuals getting together and manually trading those particular shares. It’s not an organized exchange where someone puts a bid in and somebody accepts that bid, it’s something that’s being done between individuals, not on the OTC market."

I said "there were over 50 million unregistered shares sold, so how can these shares be allowed to trade?"

He said "these are individuals who are contacting each other to trade these shares.

Sounded like BS to me and I wanted to verify what he’d said so I called right back.
I got a lady who wouldn’t even look up the symbol to see what was happening and just gave me "probably's" and "could be’s," so I hung up on her.

Then I called again but didn’t record it.
This guy looked it up right away and said it had NOT been halted and could still be trading on the OTC.
When I asked why the SEC hadn’t shut them down he gave me some long, convoluted explanation about how the SEC doesn’t do that. I responded that "it’s their JOB to protect investors! The SEC has said "Barton conducted no legitimate business through MedGen" and that it was only set up to scam investors, so why hadn’t it been shut down?" He never gave me a solid answer, but said he couldn’t provide any more details on the case. I asked "well generally, when a company has been accused of being a pump-n-dump scam and charges filed, what’s the process for shutting down the stock?"

He wasn’t able (or was unwilling) to explain that process, so I ended the call - no wiser than when I’d woke up that morning.



Anyone else who wants to try may call the SEC’s Investor Information line at 800-732-0330 (ext. 6 then 2). Good luck with that!