Company info: 7284 W. Palmetto Park Road, Suite 207, Boca Raton, FL, US 33434 phone (561) 750-1100 website www.medgen.com
sector: Healthcare industry: drugs recent PRs:
August 9, 2006 - 8:31 AM EDT
Med Gen & National Health & Wellness Start Painenz(R) Test Med Gen Inc. (OTCBB:MGEN), manufacturers of the national brands Snorenz(R), snore relief throat spray, Painenz(R), roll on pain relief formula, Good Nights Sleep(R), sleep aid throat spray and Un-Diet(TM) weight loss system, announced today that it has agreed to supply 350 units of its roll-on pain relief formula, Painenz(R), to the National Health & Wellness Club for member testing and approval.
Med Gen has worked with the National Health & Wellness Club and their affiliate publication Health & Wellness previously, when they approved Med Gen's Snorenz(R), snoring relief brand by better than 77%. The club seal has since been affixed to all packaging and promotional materials. Paul Kravitz, Chairman said, "that an approval by Health & Wellness carry's significant marketing appeal and could well contribute to significant sales. I am pleased that Painenz(R) has met the interest of this highly recognized organization and look forward to a successful test by 350 of their members."
About Med Gen Inc.
Med Gen Inc., in business since 1996, manufactures and markets specialty products using its proprietary delivery system ("STW"). It is best known for producing the world's first liquid spray snoring relief formula, Snorenz(R), for which its founders received a patent in 1998. Since its existence, Med Gen has continued to develop its STW "sprays the way" technology, introducing Good Night's Sleep(R) and most recently the Un-Diet(TM) weight loss plan. The company markets its products to major chain and drug stores, as well as direct sales via the company web site and direct to consumer television, radio and print advertising.
The company has stayed within its specialty niche for the past 10 years, producing products that are uniquely designed for large market segments. Several of the brands feature STW(TM) (Spays the Way Technology) as a format for its delivery systems. The company selects, designs or invents products where there is substantial demand but no competing products by virtue of delivery system or formulation.
Med Gen Inc. is a fully reporting company whose stock trades on the OTCBB under the symbol "MGEN". For information contact Investor Relations 561-750-1100 or http://www.medgen.com.
This Press Release contains or incorporates by reference "forward looking statements including certain information with respect to plans and strategies of Med Gen Inc. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words "believes", "suggests", "anticipates", "plans", "expects", and similar expressions are intended to identify forward looking statements. There are a number of events or actual results of Med Gen operations that could differ materially from those indicated by such forward looking statements.
Med Gen Inc., Boca Raton Paul Kravitz, 561-750-1100 http://www.medgen.com Source: Business Wire (August 9, 2006 - 8:31 AM EDT) News by QuoteMedia www.quotemedia.com ************************ July 25, 2006 - 12:18 PM EDT
Med Gen Celebrates Its First Decade Med Gen Inc. (OTCBB:MGEN), manufacturers of the national brands Snorenz(R), snore relief throat spray, Painenz(R), roll on pain relief formula, Good Nights Sleep(R), sleep aid throat spray and Un-Diet(TM) weight loss system, announced today that it has reached a milestone few biotech companies enjoy.
As we celebrate a decade of achievement we can point with pride to the completion of several aspects of our Business Plan that was developed to bring increased valuation, investor interest and brand awareness. The transition from retail sales and related advertising programs necessitated our complete overhaul of our Internet Domains and the creation of stand alone product sites. This project is now largely completed. Our Brands are now in front of worldwide markets, increasing our reach by more than 10 times, while at the same time reducing our actual cost per sale.
We have been very deliberate regarding our international business. As a result, our business has increased with new orders recently received from Ireland, Portugal and Australia. Additional significant increases in International business are expected soon from the signing of our contract with Alliance Unichem International Trading, Dublin, Ireland. The re-establishment of our business in the United Kingdom and other Western European countries is expected, but this time will include a complete line-up of our Brands, giving the company a much wider opportunity for growth.
Building a substantial Internet business has been our primary goal. Completion of our last Internet site is scheduled for the first quarter. This new Domain will feature a new Med Gen Online Shop that will replace the old shopping cart on the Med Gen corporate site. Eleven new introductions are initially planned, offering products that will heal and bring relief to millions of sufferers of common health problems. By introducing our existing customers to an array of new product offerings we will increase our per visit sales and further reduce our cost per sale. The Med Gen Online Shop will contribute significantly to our bottom line. The Med Gen Corporate site that will house the Online Shop will encompass a complete investor guided tour of our company, who we are, where we are going and why we are a good investment for the future. Links to get updates on trading price and stock information will be a click away.
Lastly, we are announcing the important addition of new line extenders to our existing brands. Sleepy Time Snorenz(R) with newly added Valerian Root that will bring relief from snoring and put you back to sleep at the same time. By popular demand and for those that cannot tolerate benadryl, an All Natural Good Nights Sleep(R) with Melatonin.
We have re-invented ourselves, kept the good and left behind the bad; an assurance that our present shareholders can expect a second decade of growth and prosperity and future shareholders will show interest in a little company with a leg-up on the health needs of a worldwide population.
Source: Business Wire (July 25, 2006 - 12:18 PM EDT) *********************** July 19, 2006 - 8:03 AM EDT
Med Gen Signs Exclusive Agreement with UNDIET Book Author Med Gen Inc. (OTCBB:MGEN), manufacturers of the national brands Un-Diet(TM), weight loss system, Snorenz(R), snore relief throat spray, Painenz(R), roll on pain relief formula, and Good Nights Sleep(R), sleep aid throat spray, announced today that it has signed an exclusive agreement with Bronwyn Schweigerdt MS, author of the UNDIET book to market her book together with the company's Un-Diet(TM) weight loss system.
"It's a double win," exclaimed Paul Kravitz, Chairman of Med Gen in an interview today. While the UNDIET book deals with nutrition and habits and the Un-Diet(TM) system deals with appetite suppression, metabolism and thermo genesis (fat burning), both programs followed simultaneously can produce the desired weight loss, quickly, healthily and painlessly.
"No one said you should stop eating," said Kravitz, "...but eating the way Bronwyn describes in her book UNDIET is not only proven through testimonials as the correct way, but it carries with it the philosophy behind Med Gen's Un-Diet(TM) system; Weight Control System For Life." Although both the book and Med Gen's all natural weight loss system bear the same name, there was absolutely no intent at collusion and it was purely by accident that the discovery of the UNDIET book was made.
Appease(TM), Weight Shield(TM) and Simply Trim(TM), the three products that make up the Un-Diet(TM) system, have come through the testing phase with flying colors. Only one glitch in a leaky "O" ring. "Missing the 'bathing suit' season will not hurt our marketing program because there are more weight loss products sold pre and post holiday season than in any time of the year," said Kravitz.
**************************** July 11, 2006 - 8:02 AM EDT
Med Gen Retires First Note from Lender Med Gen Inc. (OTCBB:MGEN), manufacturers of the national brands Snorenz(R), snore relief throat spray, Painenz(R), roll on pain relief formula, Good Nights Sleep(R), sleep aid throat spray and UNDIET(TM) weight loss system, announced today that it has retired its first Note to its lender of $740,000. The registration filing underlying the collateral shares was filed in August 2005.
During this period, Med Gen shares showed remarkable liquidity, trading 490 million shares or an average of 30 million shares per month, more than doubling in share price and more than tripling the company's value. "The plan of action instituted by both management and its lender, avoiding an imminent reorganization as a result of vacated settlement agreement and the desire to significantly build Med Gen as a leading biotech company, has had a very positive and material effect for shareholders and the health and wellness industry in particular," said Mr. Paul Kravitz, Med Gen's Chairman. "Our products are gaining favor with an ever growing base of consumers looking for easy to use products that are effective in controlling weight loss, the noise of snoring, arthritic pain and sleeplessness."
"It is strictly my opinion, that for those Shareholders whose investment strategies are not marred by timidity, impatience, the wrong information or simply greed, Med Gen offers upside opportunities. Investors that believed in the value of a company and belief in managements long term goals, have made remarkable gains. The following examples evidence this philosophy, Sirius (SIRI), iRobot Corp. (IRBT) and even Wal-Mart, where an investment of $1600 (100 shares) in 1986 is now worth, after 20 years, $3.2 million." ************************** July 6, 2006 - 8:32 AM EDT
Med Gen Initiates Distribution into Ireland with Alliance UniChem International Trading(R) Med Gen Inc. (OTCBB:MGEN), manufacturers of the national brands UNDIET(TM) spray weight loss system, Snorenz(R), snore relief throat spray, Painenz(R), roll on pain relief formula, and Good Nights Sleep(R), sleep aid throat spray, announced today that it has received an initial order for both SnorAway(R), snoring relief formula and Painenz(R), roll on arthritic pain relief formula for Ireland from its new distributor, Alliance UniChem International Trading(R) (AUIT).
AUIT is considered one of the largest distributors of both prescription and OTC drugs in Europe. The Distribution Agreement covers all products now being manufactured by Med Gen. Paul Kravitz, Chairman and Chief Executive, commented in a morning interview, that the Distribution Agreement with AUIT is a watershed achievement for Med Gen. "Our new relationship with AUIT will open significant distribution channels in all EU countries. AUIT controls a significant market overseas and Med Gen expects to build market share quickly because of this relationship."
Ireland is the first country to receive Med Gen products from AUIT and the company expects that it will be followed up over the next few months with orders on a country-by-country basis. Under the Agreement, AUIT will control all marketing and placement of products using Med Gen brand names as they exist now in the United States except for Snorenz(R), which is branded SnorAway(R) in most international markets. As reported earlier, Snorenz(R) is just now arriving in New Zealand under a private label.
Acceptance of our products in foreign markets requires patience and flexibility since government approval is necessary. In January we announced our commitment to build this business and, although it has been difficult at times, we are now showing major strides in achieving our goals. One such major achievement is this new relationship with AUIT.
**************************** June 23, 2006 - 8:00 AM EDT
Med Gen Announces Successful Launch of UNDIET(TM) Internet Program Med Gen Inc. (OTCBB:MGEN), manufacturers of the national brands Snorenz(R), snore relief throat spray, Painenz(R), roll on pain relief formula, Good Nights Sleep(R), sleep aid throat spray and UNDIET(TM) weight loss system, announced today that initial indications are that the company domain, http://www.undietsystem.com will be a huge success. Company Chairman, Paul Kravitz, reported in discussions with trade sources that, "Losing weight is a very big and serious business and we are rolling up our sleeves, devoting money and all our expertise, making sure that we capture a significant portion of the estimated $60 billion market."
This is our chance! If the Hoodia pills, as reported, can cause 10, 15 or 25 pounds of weight loss in 30 days, how much more effective can our Appease(TM) and Simply Trim(TM) sprays be? Hoodia Gordonil, the natural, cactus like plant, used by the San Indians of the Kalahari desert to stave off hunger and thirst and widely publicized by Oprah Winfrey, Leslie Stahl, nutritionists and users alike, for being the magic elixir that will cure the world's obesity problems...is now refined by Med Gen, using the extract from the plant and fortified with additions that will aid not only the loss of weight, but the feeling of well being and vitality. "What Med Gen has done is modify a Benz into a Lamborghini," Kravitz said.
"There is no question that our UNDIET(TM) System, with Spray's the way(TM) formulation, is a sure fire way to get the product into the body faster, more efficiently and without any degradation of ingredients. The full power of the product goes to work instantly and effectively. The company has priced UNDIET(TM) well below any competition and offers a full money back guarantee. For a limited time the company is offering a sizeable discount on its 3 bottle system for $49.95. Regular price is $69.95. Order at http://www.undietsystem.com. Start losing weight now!
Next PR is expected at the middle of the week ************** do your own DD **************
Posted by bilgert on :
Don't particularly care for the fact that they registered 150 million shares in late June, and in early June 'voted' to increase a/s from 500 million to 2.5 billion. Chart looks like it's getting deceptively ready, but start to think about this when pps gets around .008- and it probably goes lower than that.
Volume has been strong the last month, but that's probably largely due to increased share structure.
It's on my radar, but not gonna buy just yet.
Posted by Squire38 on :
Interesting. I just read the letter from the Chairmen and saw the comment about the shareholder who invested 100K three years ago. If the shareholder bought at the low that year ($6 pps) it would be worth a whopping $166.67 now. Man that would suck bad.
Posted by cactus33 on :
maybe a miracle will happen and it will see 6$ again. then it will work in reverse.
Posted by IMAKEMONEY on :
Aug 14, 2006 4:06:22 AM
Dallas, Texas, Aug 14, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Med Gen, Inc. (OTCBB: MGEN) - Friday's shares decreased 11.30% to $0.0102. 9,299,641 shares were traded. Med Gen Inc. announced on August 9th that it agreed to supply 350 units of its roll-on pain relief formula, Painenz , to the National Health & Wellness Club for member testing and approval. Med Gen has worked with the National Health & Wellness Club and their affiliate publication Health & Wellness previously, when they approved Med Gen's Snorenz , snoring relief brand by better than 77%. The club seal has since been affixed to all packaging and promotional materials. Paul Kravitz, Chairman said, "that an approval by Health & Wellness carry's significant marketing appeal and could well contribute to significant sales. I am pleased that Painenz has met the interest of this highly recognized organization and look forward to a successful test by 350 of their members."
Med Gen Inc., in business since 1996, manufactures and markets the world's first liquid spray snoring relief formula, Snorenz for which its founders received a patent in 1998. Since its existence, Med Gen has continued to develop its "sprays the way" technology, and in 2003 introduced Good Night's Sleep to the sleep-aid market. Both Snorenz and Good Night's Sleep are nationally advertised and marketed to major chain and drug stores as well as direct sales via the company web site. The company is now completing its testing on a radically different approach and delivery system for its weight loss program, UNDIET(TM). IRI, a retail data reporting service, suggests that the combined market for snoring and sleep aides could exceed $500 million and the weight loss market could exceed $60 billion by 2007. Med Gen Inc, is a full reporting company whose stock trades on the OTCBB under the symbol MGEN.
Posted by IMAKEMONEY on :
Aug 15, 2006 5:19:47 AM
Dallas, Texas, Aug 15, 2006 (M2 PRESSWIRE via COMTEX News Network) --
Med Gen, Inc. (OTCBB: MGEN) Monday's market closed at a 0.00% change at $0.0102 per share. There were 7,924,229 shares traded. Med Gen Inc., manufacturers of the national brands Snorenz., snore relief throat spray, Painenz., roll on pain relief formula, Good Nights Sleep., sleep aid throat spray and Un-Diet(TM) weight loss system, announced recently that it has agreed to supply 350 units of its roll-on pain relief formula, Painenz., to the National Health & Wellness Club for member testing and approval. Med Gen has worked with the National Health & Wellness Club and their affiliate publication Health & Wellness previously, when they approved Med Gen's Snorenz., snoring relief brand by better than 77%. The club seal has since been affixed to all packaging and promotional materials. Paul Kravitz, Chairman said, "that an approval by Health & Wellness carry's significant marketing appeal and could well contribute to significant sales. I am pleased that Painenz. has met the interest of this highly recognized organization and look forward to a successful test by 350 of their members."
Med Gen Inc., in business since 1996, manufactures and markets the world's first liquid spray snoring relief formula, Snorenz for which its founders received a patent in 1998. Since its existence, Med Gen has continued to develop its "sprays the way" technology, and in 2003 introduced Good Night's Sleep to the sleep-aid market. Both Snorenz and Good Night's Sleep are nationally advertised and marketed to major chain and drug stores as well as direct sales via the company web site. The company is now completing its testing on a radically different approach and delivery system for its weight loss program, UNDIET(TM). IRI, a retail data reporting service, suggests that the combined market for snoring and sleep aides could exceed $500 million and the weight loss market could exceed $60 billion by 2007. Med Gen Inc, is a full reporting company whose stock trades on the OTCBB under the symbol MGEN. same pump?
Posted by cactus33 on :
they keep saying the same stuff. could be a good bottom buster if your patient. a fresh pr would help about how they actually make money
Posted by IMAKEMONEY on :
ya im thinking about it here getting low.JMO
Posted by bksundar on :
0.0085 is tempting !!
Posted by maumee river rat on :
Do it !!!! Sumpthin has got to kick this in the azz..
Posted by IMAKEMONEY on :
MAN, Looking like its going lower?.0082
Posted by atleast on :
4 bids x 1 ask big spread .0081 x .0087 - looking for an entry below .008... will see
Posted by cactus33 on :
yep, not a good time for this stock, like i said though maybe a good bottom. *******s killed that last run with dilution
Posted by IMAKEMONEY on :
And still are cactus33, IMO
Posted by Grail7 on :
Any reason why this got beaten down from the ceiling?
Posted by IMAKEMONEY on :
SHARE COUNT WAS UPED!
Posted by Grail7 on :
that's great...guess its time to hit the eject button.
Posted by cactus33 on :
i think everyone beat you to it, time to load up.. lol
Posted by Grail7 on :
Yea...I'm gonna wait for it at about maybe around .006, it might just bounce again back to that unbreakable .011 ceiling...
Posted by juice on :
looking to pickup some here at .0065... anyone else?
Posted by cactus33 on :
yep....
Posted by BLACKBEARD on :
nice FF
Posted by cactus33 on :
yep, looks pretty
Posted by juice on :
got some at .0064 then im in... .006 is my bigger in, think ill get it today! id like to see 50% from here at least... due for a big bounce!!
Posted by HT on :
yea its due for a big bounce alright... that 10q pretty much killed everything the company has no profit, no revenue, and the debt is only increasing.
Posted by HT on :
I think the entry into weight loss market will be their ticket to success. The only thing is, i hope it not too late... I hope they can prove that their weight loss spray formula works. If that goes well, we'll be in dimes and quarters (I hope).
Posted by Grail7 on :
Looked at the 10-Q, makes me cringe a bit but to a person who loves charts and is heavy technical, this looks to apetizing. Was hoping to jump in by around .006 or lower, but guess its on its way back up again. Think we got maybe another day or so of accumulation, then we'll hit that spike that usually happens about every month. Good luck to us all.
Posted by juice on :
i hear ya HT, im looking short term. ive seen many stocks go up a ton even after the fact the 10Q sucks like crazy who cares. this stock will run because news can only be better then what we already saw and investor interest will be back for a short while. just a little and im out. imo never go in over your head, just dabble here and there... L2's look pretty sweet, yes chart looks like death but that can all change in an instant. GL whoever is playin...
Posted by HT on :
I'm with you juice, I'm expecting this to jump two or three fold with a PR. All I know is the stock wont stay this cheap for long.
Posted by juice on :
well had a buy at .006 and canceled it... looks like shes droppin to 5 lol wow
Posted by Grail7 on :
Excellent...I think I'm gonna add more, I want this to go up so that my mistake of buying shares near the resistance. Waiting for it to go around .0055. Currently at .0058, think this is our bottom or can it go down further? I'm in it for the shorterm also like you all.
Posted by juice on :
12 mm's i can see stacked on bid a 5. if it goes through that no telling when will bounce up. i got a nice buy at .005
Posted by Grail7 on :
There we go, its bounced. Ya beat me to it Juice! WTG. Trying to get in at .0052. Time to chase *lol* More Bids now.
Posted by Grail7 on :
Jumped in at .0056, this should get up to .012...at least...
Posted by Grail7 on :
Looks like some resistance at .0059.
Posted by HT on :
alright time to bounce back!
Posted by cactus33 on :
they need to give investors a reason to invest..
Posted by Grail7 on :
You're right Cactus, definitely due for some PR.
Posted by Grail7 on :
Sticking around at .0059. this morning.
Posted by juice on :
still waiting to test .005...
Posted by cactus33 on :
what a tank job.. wheres the bottom so i can throw down on this massive dog, lol
Posted by lwb1441 on :
Someone believes in this they just through $12,000 into it
Posted by sansotta on :
think we are close to bottom here i might try to fill here for a quick 15-20%
Posted by gatorboy2424 on :
im getting in around here, would like .005
Posted by lwb1441 on :
was .0052 the bottom? I am trying to get some at .0054
Posted by atleast on :
action starts!
Posted by juice on :
.006x.0062 i say this runs to .009 when it does, easily.
Posted by atleast on :
.0062 x .0064
Posted by atleast on :
look at trade at 15:10:12 .0056 2,530,000 worth 14K somebody is frontloading...
Posted by cactus33 on :
green !
Posted by Grail7 on :
Hmmm looks like the start of an uptick. Think it might shoot up on Monday.
Posted by Grail7 on :
technical wise, this looks like an easy double at this level. Think some people are trying to get hope for that 500%, unlikely without PR. Have to say, cactus, you got me convinced on your argument.
Posted by cactus33 on :
i threw some more at it at .0062.. maybe they can pull a miracle, lol
Posted by Grail7 on :
quote:Originally posted by cactus33: i threw some more at it at .0062.. maybe they can pull a miracle, lol
A Miracle being a positive PR on one of their products? That would be the ultimate, IMO the consensus is that the bottom is .005. Should be interesting this coming week.
Posted by cactus33 on :
seems to me there going to have to spark investors somehow considering how bad this has tanked..
Posted by cactus33 on :
green !
Posted by juice on :
.0065x.0069 hmmm
Posted by cactus33 on :
oversold bounce coming....?
Posted by Grail7 on :
its possible...but looks like we're doing a slight step progression, we were in the .005s, now we're in on the .006s. Think we'll be hitting resistences at .001 increments. Candles have been looking nice since Thurs...
Posted by atleast on :
.0068x.0069 eom
Posted by atleast on :
.007 - hod
Posted by atleast on :
.0069x.0070 watch for eod
Posted by IMAKEMONEY on :
MOVING UP.
Posted by juice on :
yeah baby yeah baby!!!
Posted by atleast on :
if she'll break .008 - gonna be interesting day tomorrow...
Posted by Grail7 on :
Keep rolling...wonder what behavior we'll see, the slow incremental rise bit of a hop, or is it going to be a jump...or a leap?
Posted by atleast on :
.0074x.0076
Posted by atleast on :
100K x.008 - good to see buys above ask!
Posted by Hustla on :
Whats making this move????
Posted by juice on :
bounce baby bounce!!!
Posted by IMAKEMONEY on :
GAPPING!!
Posted by Hustla on :
What the hell is makin this move, somebody!!!!
Is it group play???
Posted by cactus33 on :
getting very bullish finally
Posted by juice on :
look at the chart i said .009 no question the other day... Posted by IMAKEMONEY on :
Aug 21, 2006 7:05:59 AM
Dallas, Texas, Aug 21, 2006 (M2 PRESSWIRE via COMTEX News Network) --
********* Pre-Market Updates for Monday include Med Gen, Inc. (OTCBB: MGEN), Entourage Mining, Ltd. (OTCBB: ETGMF), Chelsea Therapeutics International, Ltd. (OTCBB: CHTP), Maverick Oil and Gas, Inc. (OTCBB: MVOG), MIV Therapeutics Inc (OTCBB: MIVT), and Auctioncities.com Inc (OTC: AUCC) ********* Pre-Market Updates feature companies with significant moves in either volume or price in the past two trading sessions. In our update we analyze recent news about the companies featured and detail the movement in the stock.
If you would like to feature your publicly traded company in our alerts or on *********.com, email feature**********.com or call (469)252-3031.
Med Gen, Inc. (OTCBB: MGEN) - Friday's shares stayed even at $0.0063 with a total of 14,653,800 shares traded. On Aug. 9, 2006, Med Gen Inc. announced that it has agreed to supply 350 units of its roll-on pain relief formula, Painenz , to the National Health & Wellness Club for member testing and approval. Med Gen has worked with the National Health & Wellness Club and their affiliate publication Health & Wellness previously, when they approved Med Gen's Snorenz , snoring relief brand by better than 77%. The club seal has since been affixed to all packaging and promotional materials. Paul Kravitz, Chairman said, "that an approval by Health & Wellness carry's significant marketing appeal and could well contribute to significant sales. I am pleased that Painenz has met the interest of this highly recognized organization and look forward to a successful test by 350 of their members."
Med Gen Inc., in business since 1996, manufactures and markets the world's first liquid spray snoring relief formula, Snorenz for which its founders received a patent in 1998. Since its existence, Med Gen has continued to develop its "sprays the way" technology, and in 2003 introduced Good Night's Sleep to the sleep-aid market. Both Snorenz and Good Night's Sleep are nationally advertised and marketed to major chain and drug stores as well as direct sales via the company web site. The company is now completing its testing on a radically different approach and delivery system for its weight loss program, UNDIET(TM). IRI, a retail data reporting service, suggests that the combined market for snoring and sleep aides could exceed $500 million and the weight loss market could exceed $60 billion by 2007. Med Gen Inc, is a full reporting company whose stock trades on the OTCBB under the symbol MGEN.
Posted by Hustla on :
Well tried to get filled at .008, didn't happen. Too late for me to get in at 33%, I won't chase. Everytime I do I get burned.
Good Luck to all in this
Posted by juice on :
yeah hustl dont chase man, this could easily go to .01+ but it could also go the other way in pennyland. sorry u didn't see this the other day!!
Posted by Fuzzy1018 on :
hustla- its back to ur entry point. I juss bought in
Posted by atleast on :
.0081x.0081 - sideways we go...
Posted by cactus33 on :
pullback..
Posted by Hustla on :
No way Fuzzy, I'm watching the l2 and I'll leave this one alone. I shoulda got in at .0068 when Cactus first announced it.
But you win some and lose some, can't win em all, LOL
Posted by Fuzzy1018 on :
there's too much room for this to move up. .01+ by end of week
Posted by Hustla on :
You could be right fellas about the upwards movement to .01. I think I'll throw a meager 500 bucks in there and see what happens.
Posted by Fuzzy1018 on :
movin' bck up
Posted by IMAKEMONEY on :
UP!!!!!
Posted by cactus33 on :
still looks like it may run to .01..
they need to hit us with some news...
Posted by Fuzzy1018 on :
if some news come out then we'll go much higher then .01
Posted by atleast on :
did check big boards - no indication of any pump... looks like reversing is started.
Posted by cactus33 on :
quote:Originally posted by atleast: did check big boards - no indication of any pump... looks like reversing is started.
yep, and this company knows how to keep little momo like this going, looking at the past. News is needed bad here that shareholders will like. then it will ride back to .03 at least. they do have a product. more than most subpennies have
Posted by cactus33 on :
words getting out, im liking this.. hang on for the MOMO, lol
Posted by Grail7 on :
Got to watch this one early tomorrow. Might hit a huge quick spike early. Glad that other ppl are on this, was getting tired of trading posts with cactus for awhile...lol
Posted by cactus33 on :
oh thanks grail, lol
Posted by juice on :
watchin like a hawk, got my shares, never got my .005, lowest i got was 58, but im fine with that:) GL everyone!!
Posted by Fuzzy1018 on :
I've been in and out of this one many times. There's no reason for it to be this low, imo we'll definatly go up and if v get some news then we'll fly like last time when there were news out
Posted by Fuzzy1018 on :
Gappin' .0086 * .0087
Posted by Fuzzy1018 on :
and we're off to the races
Posted by Fuzzy1018 on :
wtf not good
Posted by juice on :
lol and thats why you dont chase:)
Posted by cactus33 on :
hang on....
Posted by Grail7 on :
Anyone got the L2s on this? We slipped back in the .007s?
Posted by Fuzzy1018 on :
i did not chase juice; i'm in from yest. but still don't wha hppnd here; it gapped up and then dropped
Posted by Grail7 on :
Either, word spread and there are buyers at the 7s and ppl would just took the rough 40-50% gain, or just MM.
Posted by cactus33 on :
little shake, need news. still holding
Posted by Fuzzy1018 on :
we'll run again i think
Posted by Grail7 on :
I'm holding too, got in pretty low, but would rather take a gain and then buy again low if this is bouncing back down...let's hope this is just a slight pullback...L2s would be good right about now.
Posted by juice on :
shes comin back!
Posted by Fuzzy1018 on :
it was a bad shake
Posted by Fuzzy1018 on :
people are killin' the run by sellin' below the ask
Posted by cactus33 on :
hangin tough
Posted by Grail7 on :
Guess this is a nice slow progression...but as long as this is going up I'm fine, GLTA. That dip, for the most part was low volume, I mean below $50 orders, geez MMs.
Posted by Grail7 on :
Below .007? Now that's disappointing.
Posted by Grail7 on :
Back to the 1st floor, but its okay, at least it isn't the basement...
Posted by cactus33 on :
bottom again? maybe time to load up for the next run?
Posted by atleast on :
bunch of 100 & 200 signals. watching for direction
Posted by Fuzzy1018 on :
I've picked up some more shares today; IMO we'll start to move up soon. We won't stay at these levels for too long
Posted by cactus33 on :
the last financials said something about pulling out of a lot of stores and quit the shelf retail route, except albertsons. and switch to selling over the net and other ways. so maybe we'll see a nice website soon they can pr to show that they still want to do business. they need to get the hype of that one roll on headache stick they always run on fox news. then we'd see a 100 bagger, lol
Posted by Fuzzy1018 on :
any pr with some updates will make this fly
Posted by Grail7 on :
They can earn more by doing online. Just the rolloever is gonna take time and a bit of money. But it also cuts some operational costs.
Posted by HT on :
it looks like its moving anyone looking at this?
Posted by atleast on :
quote:Originally posted by HT: it looks like its moving anyone looking at this?
not enough volume...
Posted by cactus33 on :
it keeps trying...
Posted by Grail7 on :
Seems we're stuck in the .007 area. Still green but I love upward trends.
Posted by cactus33 on :
time to load up again at the bid, lol
Posted by Grail7 on :
lol looks like you and me again cactus. Upside to this stock, you could technically make some money if you like to trade in a roughly .001 range.
Posted by cactus33 on :
yep, sorry grail , this is a world class dog right now, it will have its day, im holding in the red and pissed I bought this pos, it will come back, just have to wait..
Posted by maumee river rat on :
cactus.....
You are a true Diehard!!!
Hang in there....
Posted by Grail7 on :
LOL, i'm actually in the red now, but its just mostly commission. Think we'll have a nice week next week, or at least, if you buy at around these levels, a decent 25% profit at least. Had some pretty good expectations with this. I just think that we're going through a bit of a shift in the markets. Much like those Stem Cells.
Posted by atleast on :
SB-2 is out
**************************** -------------------------------------------------------------------------------- --------------- Title of each class Proposed Proposed of securities to be Shares to be maximum maximum aggregate Amount of registered registered offering price offering price(1)(2) registration fee -------------------------------------------------------------------------------- ---------------
Common Stock Selling Shareholders (3) 165,000,000 Shares $0.01 $1,650,000 $151.80
Common Stock(4) 135,000,000 Shares $0.01 $1,350,000 $124.20
(1) Estimated in accordance with Rule 457(c) under the Securities Act of 1933, as amended, solely for the purpose of calculating the registration fee and represents the market price of the common stock of our Company on August 7th, 2006.
(2) Includes shares of our common stock,$0.001 par value per share, which may be offered pursuant to this registration statement, which shares are issuable upon conversion of callable secured convertible notes and the exercise of warrants held by the selling stockholders. In addition to the shares set forth in the table, the amount to be registered includes an indeterminate number of shares issuable upon conversion of the secured convertible notes and exercise of the warrants, as such number may be adjusted as a result of stock splits, stock dividends and similar transactions in accordance with Rule 416. The number of shares of common stock registered hereunder represents a good faith estimate by us of the number of shares of common stock issuable upon conversion of the secured convertible notes and upon exercise of the warrants. For purposes of estimating the number of shares of common stock to be included in this registration statement, we calculated a good faith estimate of the number of shares of our common stock that we believe will be issuable upon conversion of the secured convertible notes and upon exercise of the warrants to account for market fluctuations, and anti- dilution and price protection adjustments, respectively. Should the conversion ratio result in our having insufficient shares, we will not rely upon Rule 416, but will file a new registration statement to cover the resale of such additional shares should that become necessary. In addition, should a decrease in the exercise price as a result of an issuance or sale of shares below the then current market price, result in our having insufficient shares, we will not rely upon Rule 416, but will file a new registration statement to cover the resale of such additional shares should that become necessary.
(3)165,000,000 shares being offered by this prospectus will be outstanding upon the effectiveness of this prospectus of which 15,000,000 shares are being offered for resale by selling stockholders and 150,000,000 shares are Management shares that are subject to a pledge agreement with the lender which cannot be sold until the entire amount of debt owed to the lender is fully repaid. Furthermore these shares will only be issued to Management upon the effective registration of this Prospectus. Such number of shares may be adjusted as a result of stock splits, stock dividends and similar transactions in accordance with Rule 416.
(4) Includes a good faith estimate of shares underlying secured convertible notes to account for market fluctuations.
The registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933 or until the registration statement shall become effective on such date as the Commission, acting pursuant to said Section 8(a), may determine.
The information in this prospectus is not complete and may be changed. We shall not sell these securities until the registration statement filed with the Securities and Exchange Commission (the "SEC") is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted.
PROSPECTUS
MED GEN, INC.
300,000,000 Shares of Common Stock
This prospectus relates to the resale by the selling stockholders of up to 300,000,000 shares of our common stock, including up to 135,000,000 shares of common stock underlying callable secured convertible notes in a principal amount of $1,350,000. The callable secured convertible notes are convertible into our common stock at 40% of the lessor of $.04 and the average of the lowest intra day trading prices during the 20 trading days immediately prior to conversion.
The selling stockholders may sell common stock from time to time in the principal market on which the stock is traded at the prevailing market price or in negotiated transactions. The selling stockholders may be deemed underwriters of the shares of common stock which they are offering. We will pay the expenses of registering these shares.
As of August 7th, 2006, our common stock was being traded on the NASDAQ Bulletin Board under the symbol "MGEN"; the closing bid and asked price respectively of our common stock as reported on the Bulletin Board was $0.011 and $0.012. These stock prices may not reflect actual transactions.
You should understand the risks associated with investing in our common stock. Before making an investment, read the "Risk Factors" which is on page 2.
Neither the SEC nor any state securities commission has approved or disapproved of these securities or passed upon the adequacy or accuracy of the prospectus. Any representation to the contrary is a criminal offense.
Subject to completion, dated ___________, 2006
Med Gen, Inc. 7284 W. Palmetto Park Road, Suite 207 Boca Raton, FL 33433 (561) 750-1100
******************************************
Posted by atleast on :
from mgen web: a/s 2,500,000,000 o/s 191,988,127 float 156,098,337
increase in o/s of 25 millon in two weeks...
Posted by cactus33 on :
yep figures, so 40% the lessor of .04 huh, then what are we doing down here, lol
are they done...
Posted by cactus33 on :
still, float isnt that big to be at these levels, looks like the combo of hyped dilution and sell-off dragged this undervalued. looking for a dip next week then a gap up.
Posted by atleast on :
quote:Originally posted by cactus33: still, float isnt that big to be at these levels, looks like the combo of hyped dilution and sell-off dragged this undervalued. looking for a dip next week then a gap up.
hope so, too much in this pos...
Posted by cactus33 on :
Ive seen worse AS and OS, and pps was much higher. investors bailed because of the uncertainty factor. Dip monday then is gets on its feet, we'll see if im right..
Posted by Grail7 on :
Think nobody wants to set this thing straight until some positive PR. Think we wait and see if it busts below that resistance level of .005.
Posted by dinner42 on :
Supply and demand delution is occuring a bit more than usual in several ticks in similar phases. Positive PR is great, but getting the desired results based on fundamentals and coming up under valued is a puzzle we all ponder. Is the volume of short traders having an impact on the PPS rise to extent that it becomes a weight draging effect on companies that deserve better?
Here's to getting in early and having the temarity to ride it out.
dinner.
Posted by cactus33 on :
at least there is some more clarity, and investors like that.
.005 may be the low, but more likely it will bottmom at .006, so anything under 6 may be a good play.
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