IFHR - Unbelievable

On my blog I recently wrote about IFHR in four snippets, three times as a stock to watch and one time as the chart of the day. This was a stock that was on a rampage to the upside. The chart prior to today was impressive and even intra-day when IFHR was hitting new highs the chart looked great. That all changed with a now edited blog post that questioned the intelligence of one Raymond Barton. For one, why write on your blog about a reverse split, causing IFHR to literally crash, and then delete those lines only an hour later blaming it on, whiners and cry babies, while going on to say I guess we just don't live in a world where honesty is a good thing. Honesty? Mr. Barton where you not telling your MDIN shareholders that dilution was good for the stock and for them? MDIN now sits bidless and those who you where "honest" to have lost ALL OF THEIR MONEY! How is that for honesty? These are Mr. Barton's words: There's a lot of dilution taking place in MDIN. However, in my opinion the dilution taking place is GOOD for us!

You can read the rest of my take on Mr. Barton here: http://pennystockgurus.blogspot.com/2010/04/mdin-ceo-confirms-obvious-they-are.html At the time I wrote that MDIN was trading at $.0004 a share, now it is trading at $.0001 with no bid.

Today's action's highlights an individual that has no grasp of the penny stock market.

Mr. Barton grab a pen and paper you might learn something: A reverse split is NOT GOOD for shareholders of a penny stock. Shareholders should be upset when a stock they own gets reverse split. They have every right to whine and complain when a 100-1 reverse split is to be performed upon a stock that has an already attractive share structure. Dilution is NOT GOOD for shareholders. You CANNOT delete/edit material information at your own will.


Anyone who wants to see the mindset of Mr. Barton follow this link: http://www.medgeninc.com/

The Secretary of State does not list Mr. Barton, and had a modest 500 million share's authorized for the stock. Had I seen Mr. Barton listed I would have never posted IFHR as a stock to watch. Any CEO, executive, board member, who views reverse splits and dilution as being shareholder friendly have no place on my blog.