posted
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.
Posts: 147 | From: NY | Registered: Aug 2006
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posted
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
Posts: 4071 | Registered: Dec 2005
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posted
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
Posts: 6397 | Registered: Jan 2006
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posted
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.
Posts: 147 | From: NY | Registered: Aug 2006
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posted
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.
Posts: 147 | From: NY | Registered: Aug 2006
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posted
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..
Posts: 6397 | Registered: Jan 2006
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posted
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.
Posts: 147 | From: NY | Registered: Aug 2006
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**************************** -------------------------------------------------------------------------------- --------------- 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
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.
Posts: 6397 | Registered: Jan 2006
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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...
Posts: 1580 | From: World | Registered: Jul 2006
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posted
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..
Posts: 6397 | Registered: Jan 2006
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posted
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.
Posts: 147 | From: NY | Registered: Aug 2006
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posted
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.
-------------------- Bill Gates, Donald Trump and James Dean, Willie Nelson, John Lennon and Neil McCoy Posts: 1102 | From: Sometimes Honolulu, Sometimes Laguna Beach, today in the Valley | Registered: Aug 2006
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