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Northstar Announces plans to become fully audited, and file for listing on the OTCBB.
Northstar Announces plans to become fully audited, and file for listing on the OTCBB..
About this update from Medgen Inc
[{"type":"text","content":"\n\n\n\n\n\n\n\nNorthstar Announces plans to become fully audited, and file for listing on the OTCBB.\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nNorthstar Announces plans to become fully audited, and file for listing on the OTCBB.\n\nPR Newswire\n\nHOLBROOK, N.Y., April 22, 2013\n\n\n\n\n\n\n\nHOLBROOK, N.Y., April 22, 2013 /PRNewswire/ -- Northstar Global Business Services, Inc., Symbol (OTCPink: MDIN), today announced that the company has begin to put a plan into effect to re-list on the OTCBB and provide audited financials going back two years. Over the past two months, Northstar has reported dramatically increased revenue and business growth, so acute that the company feels the audits are important to maintain the public's confidence in its disclosures. Listing on the more highly regulated OTCBB is also expected to soften volatility, and curb any abnormal market maker trading methods that may not benefit shareholders, and that may be currently causing Northstar to be under valued in the marketplace.\n\n\nThe announcement comes as Northstar waits for the lifting of its \"Chill order\" by the DTCC, a restriction that was put on the company back in 2010 because of too many shares being issued electronically by former management as a way to remove debt from the books. A \"chill order\" causes trades to be settled differently, to protect shareholders, but also excludes a small amount of brokerage firms from trading the stock. Although shareholders can still purchase the company's securities through most firms, the lifting of the \"chill order\" is expected to be extremely positive for the company. Northstar has provided the DTCC with the requested documentation showing that the past issuances were all processed properly, and the company fully expects it will be lifted any day now.\n\n\nAs the company's CEO, Nick Chieco explains, \"This plan is an important step in this company's evolution. I think to the average shareholder, Northstar's success just looks too good to be true. I am truly flattered that the shareholders have taken our word for it all...