Northstar Global Business Services, Inc. (PINK:MDIN) Makes Splash as Next Double-zero Play
The approach of a new month helps less known tickers, and this time it is the turn of Northstar Global Business Services, Inc. (PINK:MDIN) to log record buying volumes, adding 40% to $0.0045. The double-zero stock is enjoying amazing interest starting last fall, with spikes and corrections typical of a double-zero speculative play. While we see no recent pump for this ticker, the series of press releases are putting the company on investors’ radars. 
Northstar Global Business Services or Med Gen Inc. as listed two years ago is in the business of alternative medicine therapies. So far, it has managed to perform its tasks with the following financial strengths and weaknesses:
- $5,705 cash
- $101,000 total current liabilities
- Zero revenues
- $23,495 operating cost
This picture for the quarter, filed in December last year, shows a company still in development, not managing to launch its alternative medicine product. Although MDIN claims it sold its products through a website and TV informecials, the financial filings do not reflect the sales. Another red flag are the $100,000 in assets made up entirely of goodwill and intangibles.
MDIN claims it has sold millions of its anti-snoring spray, though as we see it is not reflected in the OTC filings or on the SEC database, where quarterly and yearly results are way behind schedule. Besides, the flagship product against snoring seems to have started a legal dispute in the past regarding inflated claims of efficiency, handed down on TV infomercials by an eye doctor who would know little about snoring.
The latest news on MDIN include a shelf-space rollout of its products, which according to the company’s releases is already underway. Only the future months will tell if MDIN makes it as a mainstream company in the overloaded alternative treatments market, but until then its extremely underpriced, double-zero stock will be vulnerable to sharp corrections, as well as promising great daily gains. Best do your own due diligence of the company and decide on a time horizon to invest before believing in a cloudless future for MDIN.
