Replies to post #60815 on MedGen Inc (MDIN)

[Trth4Sail]

Just cash out with millions and either pay the higher tax or buy a private island and avoid the tax man altogether lol

If say if you can grab a million off of MDIN then just pay the $300,000 or so tax and play with $700,000 free and clear ;-)

Should be some cheap shares coming our way tomorrow and into the next few trading days until some progress showing news is released.

$MDIN

[God_Father]

MUST READ; This is the most important POST that people should realize, and you've nailed it!!

Not sure if many remember, but in the past, the CEO hinted to wanting to get this stock to 10 cents. If I remember specifically, he said it in terms of "I will buyback as many shares as possible, or until it hits 10 cents, whatever comes first".

Has anyone stopped to think about why he would want to buyback as many shares as possible?

Also notice that he has hinted to a possible buyout months ago. He just hasn't been so straight forward as the recent Update show (Talks about potential buyers in the multi-cents level)!!!

Lets all get one thing straight... everyone is in here to make money. Even the CEO. I would be surprised if the CEO would be buying back shares for any other reason than to make money. How? When the company is bought out, and THIS IS Nick's intention, he will come out on Top!!! He will make a lot of money, and anyone else riding along will also be filthy rich. Nick just has to do his best to maintain the company and polish it up as much as possible. This explains his incredible motivation because in a year from now, he will be sailing off in a Yacht after only 2 years of work....

To all longs; stay the course and ALWAYS follow the money.

He did state that the 6 cents was just a random number.

I think he wants to hold out for at least 10 cents, and I think he can get it.

All he has to do is wait for results to come in, and the stock price to go up, and the bidding wars to go on long enough.

I certainly would like any buyout to happen next summer if possible, so if there's forced liquidation, my gains will be long-term (lower tax rate) instead of short-term. Anybody know how that works?