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Med Gen CEO Releases a Letter to the Shareholders outlining strategies for 2016
Med Gen CEO Releases a Letter to the Shareholders outlining strategies for 2016.
About this update from Medgen Inc
[{"type":"text","content":"MedGen, Inc. (OTCPink: MDIN) today released a letter to shareholders from the company's CEO, Matthew Briggs. The letter aims to outline some of the strategies being put into place, and to explain where the company is today, and why. The following is a letter to all current and future shareholders regarding the past, present, and future of MedGen, Inc.I. An Enlightenment Period“The More You Learn, The More You’ll Earn.” –Warren BuffetThe most precious commodity in life is time. Many fail to take this into account until old age. For a developing company the same mistake cannot be made. The ‘burn rate’ is the length of time until all current financial resources are used. This metric is of critical importance as it constantly reminds management that correctly allocating time can prevent complete failure. Since everyone has the same twenty-four hours, how do we ‘create’ time? By increasing our efficiency. This doesn’t translate into hiring ten personal assistants to handle menial tasks but finding ways to make smarter decisions and not repeating the mistakes of others. We learn to make smarter decisions by seeking out the advice of industry experts and not repeating mistakes by studying history. With both approaches combined we’re able to highly decrease our learning curve, as a result we make wiser decisions quicker and effectively ‘create’ time.Since our last communication this change in approach has been the catalyst for various exciting opportunities. As a result of strictly focusing our time on sales and marketing opportunities we’ve had the chance to communicate with many industry veterans such as distributors, retailers and buyers. We’ve taken their advice and made ourselves much stronger as a company by refining our strategies and approaches. The result of this has been signed purchase agreements and various pending ones as well. Very little of this we’ve made public, the rest is soon to be disclosed after we ‘dot all the I’s and cross the T’s.’We were confident before, and are even more now. We’re extremely excited for 2016. II. Current Strategy“If you fail to plan, you are planning to fail” –Benjamin FranklinOur goals remain unchanged, but our method of execution does not. The only way for us to grow as a company is to increase our revenue. We no longer have a need for additional products. Our diversified product ...