Replies to post #63421 on MedGen Inc (MDIN)

[forsril]

I think some big company wanted to buy this patent and was not willing to pay what it was worth. Nick came across who the buyer was and made a deal with the two and Nick has the patent and will sell the company for a win win win for all. Jmo but it makes perfect since.....

The voice of reason:

How would it make perfect sense that a company was not willing to pay the price, but will buy out a whole company that now owns the patent.

So Nick paid the price that was too much for the big company, now the price would be bundled in with MedGen and it would some how be worth it?

That doesn't make sense at all.

[Jammin1]

I agree with you that this is a possible scenario:

I think some big company wanted to buy this patent and was not willing to pay what it was worth. Nick came across who the buyer was and made a deal with the two and Nick has the patent and will sell the company for a win win win for all. Jmo

But even if he just liked the patent and was quicker to swoop in to get it, either way, he has the rights.

The question is, what is unfolding now with all these meetings in New Jersey, where so many companies are headquartered that might be interested in that patent?

I think they want to get .40 for the company, and are being offered about .03 or .04, and will end up settling for somewhere around .15.

Of course, if the stock price goes up close to .10 before any deal is made, they should be able to negotiate a better price than .15.