Business
Northstar Names CPA to audit its completed financial statements, and solidifies its plan to re-list on the OTCBB
Northstar Names CPA to audit its completed financial statements, and solidifies its plan to re-list on the OTCBB.
About this update from Medgen Inc
[{"type":"text","content":"\n\n\n\n\n\n\n\nNorthstar Names CPA to audit its completed financial statements, and solidifies its plan to re-list 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 Names CPA to audit its completed financial statements, and solidifies its plan to re-list on the OTCBB\n\nPR Newswire\n\nHOLBROOK, N.Y., May 22, 2013\n\n\n\n\n\n\n\nHOLBROOK, N.Y., May 22, 2013 /PRNewswire/ -- Northstar Global Business Services, Inc. Symbol (OTCPink: MDIN), today announced that it has hired the firm, John Scrudato, CPA, to audit the company's 2011 and 2012 financials in preparation of becoming a fully reporting company once more. By becoming current in its reporting to the SEC, Northstar will then likely be up-listed to the OTCQB market tier, and immediately file for re-listing on the OTCBB exchange, which has a much higher level of scrutiny and protection for shareholders. \n\n\nA move back to the OTCBB will bring with it, much tighter institutional trading rules, cutting down on possibilities of Market Maker manipulation, as well as requiring audited financial statements, thus creating a much higher level of trust between the company and its shareholders. Typically, listing on the OTCBB also brings with it higher levels of liquidity, and even higher share prices in many cases where a company is grossly undervalued. Northstar's CEO, Nick Chieco commented, \"We just want our share price to represent our real value as a company, and not be based on trading in an arena with very few rules in that area. I am committed to reinforcing trust between the company and its shareholders, and I am committed to increasing shareholder value and return on investment, especially for those shareholders who stuck with us through these past months.\"\n\n\nAnother development shareholders will be happy about, and one that is perhaps even more exciting than the progress towards audited financials, is that the company has come closer than ever to having it's DTCC chill order removed. A DTCC \"Chill order\" is a trading restriction meant to protect shareholders, but often di...