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Over the last few months, Med Gen has expanded its distribution of its Snorenz(R) brand into 3800 new stores adding approximately $250,000 in gross sales. The company will continue to aggressively expand distribution of Snorenz(R) and Good Nights Sleep(R) while continuing its Radio marketing programs.
The company, in an interview with various analysts, disclosed that it is entering into the $41 billion weight loss business with its new and unique STEP-UP(TM) weight loss and weight maintenance programs. The weight loss industry is expected to reach $61 billion by 2006. The program will feature Med Gen's "Sprays the Way" technology and will be a fast acting three product offering, consisting of an appetite suppressant, fat burner and a weight control maintenance spray. Mr. Kravitz, CEO of Med Gen, described the program as a "first of its kind" that will include products that will attract immediate consumer attention and confidence. Giving the consumers what they want - "a quick visible weight loss, that is safe, all natural and easy to use, avoiding the bounce back effect". He added, "Now that the company has capital to invest, we can start commercializing some of our block buster products, adding significant sales volume while at the same time increasing our visibility and image in our market place and with our shareholders."
About Med Gen Inc.
Med Gen has spent almost a decade perfecting and marketing "Sprays the Way" technology for the relief of common health problems. The company is best known for its original launch in 1996 of a liquid, all natural snoring relief product, Snorenz(R). The Snorenz(R) formula was granted a patent in 1998 and quickly became the gold standard and leader in snoring relief products. Snorenz(R) all natural spray formula can be found in over 20,000 stores including, Walgreens, Wal-Mart, Brooks, Meijers and Albertson's. The company has recently launched Good Nights Sleep(R), a uniquely formulated liquid throat spray sleep-aid product.
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I am hedging a bet that MGEN will be selling shares. I look at level 2 and see mm's thick on the ask at .025. If it stays in .02 area I will buy in late Friday. If it drops below .02 then I am in. If it takes off than I miss out. But I need to see a little stability in this one.
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Well, I buy the stocks when it's less desirable. Cause, that's when it's cheap. But I also look at the technicals.
And I think in a week MGEN will become more desirable (in your terms-stable). Technicals are already bullish. It's just a matter of time when people notice.
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Ha Ha Ha RCA - you seriously over estimate the depth of my pockets!!! I am always leary of buying in at HOD and after a 25% run up. How soon do you see this hitting .05?
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No I will wait for retrace. I am banking on it starting the day slow as it has recently. I did try to keep my word and get in when ask dropped to .019 but couldn't get filled. It was at about 2:55 though. I like that it only closed up 5%. That 25% day had me scared off to tell you the truth. I will hold my same line... under .02 and I am in, a close just above .02 on Thursday and Friday and I am in, but I will not chase.
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RSI is 50. OS - 8.7million Float - 8.3 million Nice... Yahoo said there was no R/S but I swear I saw that this R/S last year sometime. Anybody have info on R/S for this?
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Thank you.
