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254 Million shares in a half hour.
Yes word is the new boys want this at $2.00 once all restrictions are lifted, mess i cleaned up and Medican shell is used for other promotionary venues such as hemp oil, wine and others in race tracks and sports verticals. Major reversal
206 Million bought so far!
I believe the OS is still quite small. I believe all of those shares that scammer Ken sold off to convert to his own personal preferred shares are on restriction. I am pretty sure he has 25 Billion that is then converted to preferred. However I think there is going to be some sort of restriction on them so they do not dilute us down. I think this is one of the issues being handled by new company. I am sure when the PR's hit soon it will be detailed.
New management wants the PPS to be half of what the high used to be. No R/S, no gimmicks, no nonsense. The plans set in place are massive in terms of growth, exposure and profitability. Remember, half of what this used to be trading at. Now you see why hundreds of millions of shares trade in seconds.
Yet another day of decent volume. Looks like Mobiweb is making some progress and the markets are starting to reflect it (volume first!!!)
SOLID BUYS THIS MORNING!!! SOMETHING IS UP!!!
Seems this is getting a lot of steady attention these days. I had suggested in my last posts, MobiWeb is cleaning things up for the MDCN shell. Clearly the volume is suggesting preperation of multiple good news PR's that will be coming out shortly.
It is heating up...finally! Hey it seems this is a perfect merger for Mobi to take MDCN under its wing and use as an empty s hell to expand into. $2.00 lets go!!!!
From what I am piecing together it looks like Medican should be trading in the beginning part of 2017, so if you are going to do so it would make sense to add between now and end of year. Then again there is volume as of late so who knows...
Yes the shell (Medican) is in the process of being "cleansed" in a sense and righting all the wrongs so it can begin trading again. It is now under new ownership of MobiWeb.
Crooked old CEO and associates have been removed and was told they are no longer an issue
Smart money keeps adding at the .0001 price. I think some are wise to the movement that is anticipated in the next few months. A $500 buy now can be $50,000 when it gets to a penny, never mind an anticipation of getting this back to dollars.
All I will say about the previous CEO and M/A guy is what reasoning would they have to try and "raise" 75,000 at a minimum to right the ship at Medican. Mobiweb said it will cost $250k to do so...very different figures.
Talk to Mobiweb and you will see they have a plan, have PR's ready, have a business model in place for the Medican shell. And oh yeah they actually take 45 minutes out of their day to include CEO and President on phone call. Says alot more than the old crew in my opinion.
Medican is about to make some major moves
Recently I was contacted by Ken Williams for "help" with getting Medican trading again. Ken Williams was looking to extract $75k from me in order to "pay the bills". I was in touch with Ken directly along with the Mergers and Acquisitions consultant Paul Khan. Long story short, I saw through their con and declined to help them only to have them immediately toss me aside. Clearly they were looking to con me out of money by masking it as an "investment"
The above aside, I have been in touch with Mobiweb. Mobiweb, indeed has taken over Medican as an empty shell to house new product lines and further the business plan within the racing vertical, wine, hemp and other materials they can sell under the Mobiweb umbrella. I believe a new racetrack is currently underway that will encompass the Medican brand as well. Also a new grow facility is slated to open in the next two weeks The CEO is working on "cleaning up the mess" that Ken has left behind. Outdated financials, restricted Canadian exchange, other unpaid bills and so on to name a few. As I understand, it is easier, cheaper and faster (believe it or not) to acquire the empty shell being Medican than start a new brand from scratch.
Righting all of the short comings that have been left behind is well underway and expected to be completed first quarter of 2017. Medican will trade again with the hopes of getting it to trade to at least half of what it did at its all time high. As I understand it there are to be no reverse splits or any financial gimmicks to increase the share price.
There is no reason to PR any of this as the clean up must happen first, especially on the US side as the MJ vertical is heating up more so than on the canadian side. Once all of the pieces are i place PR after PR will come out that will create major interest with actual follow up.
We must wait a bit longer is what it seems, perhaps those that wait will be GREATLY rewarded.
had a great conversation with kelvin...i urge those with an interest to speak with him
Basically you summed it up perfectly for me too. Lets see what happens
I see the site and yes says it is under construction. Hopefully MobiWeb will make something out of this mess. Even if it gets back to .02 - .03 cents. Something is better than nothing. Nice to see some daily volume as well.
whats there website url?
So did you speak with them? Whom exactly did you speak with? What did they say to be a bit more exact? I plan on calling either today or tomorrow when I have some time.
Thanks for your info in advance
Best Regards
Hey that sounds like some good news. Not that I dont believe you as it really does not matter as i have in my mind written this off by now but is there any proof of your converstaion with the new CEO Kevin Lindsey I believe his name is?
Ken Williams in his last email to me along with the mergers and acquisition consultant Paul Khan told me that Ken was still in control with his preferred shares and CEO. He was looking to raise $75k (from me) to "pay the bills".
Not sure who to believe here, I am sure you can understand my weariness on just believing a post on here.
Not saying they did. Not sure what is up with the .001. what we have to do is see if it is built upon and maintained over the coming days
Do some DD, get in touch with the company....
NOT a Frey market stock. Incorrect. Check the OTC site for verification before posting jiberish
That is NOT correct. The MobiWeb deal is dead and cancelled. Medican IS looking to however reverse merger with a private company. I am not sure of any details of this however do know that Ken has his mergers and acquisitions consultant and himself looking at and searching for possible candidates to do so. Some details have to be ironed out on the Medican side first such as going current so perhaps they are working with a RM candidate to help with that process. We might be nearing some news as Ken said no news until something is in stone. We wait....
If the larger volume continues over the next few days then maybe we have something big brewing here!
Perhaps they found a RM candidate. Perhaps they were able to peal off 200MM shares in return for the $75K they need to update the company to current status. It is possible, but no one knows for sure. If someone is willing to take a chance and fork over $75k for 200MM shares that would turn a profit once this gets back to .000375 then maybe that is a smart move. If he can RM the company who knows what the pps can skyrocket to. I think the company is looking to change direction completely but I guess we will all see.
Welcome. I think I am being told the truth as they are looking for funding to get themselves current.
It is all coming from the mergers and acquisitions consultant. Ken set up the conversation between the mergers guy and I as the M&A guy really is the one handling this. From what I understand he will not PR as he can't as he is not current so basically worthless.
Medican searching for private firm to do a REVERSE MERGER with.
Medican is in search for a private company to do a reverse merger with as soon as possible. There are some possible candidates in the running to perform this RM with. Medican needs to "clean up" its reporting deficiencies first.
Currently there is $4MM in debt with the company. $2.75MM convert debt due to all of Ken's preferred shares, another million or so with other financial firms that have purchased convert shares as well. The remainder is all of us.
There is no "debt" in the sense of outstanding bills (other than reporting fees to get current)
Any reverse merger that is accomplished will be completely funded with Ken's preferred shares.
There is NO reverse split to speak of.
Ken is looking to complete a RM ASAP. This is why Paul Khan, the mergers and acquisitions consultant is in the mix.
Available is 30 Billion and Outstanding is 3 Billion
My account showed MDCN worth .3477 yesterday. Yes, thirty four plus cents. Not sure what that was abiut
Just spoke to Ken Williams:
First the (PN) designation on the detailed quote page stands for "Pink No Information". Ken went on to suggest this status is his priority to get the company current.
MDCN would be an good play again. Been talking with CEO Ken Williams and he is about to go current again
MDCN...will we see a return to .05????
Any thoughts on MDCN making a return to action???? Thanks
Has anyone else talked with Ken lately? I had an email discussion briefly with him last week. He suggested he can not offer any info on Medican to me at this time as it would be "inisder". He did however elude to Florida being up for a legalization vote in November. Not sure what his plans are there if any. He also said he will not put out a PR until it is ready. So said that all of the paperwork to get current is in to SEC hands and is now waiting on them. He suggested they are very slow and that the $60k that he needed to pay the bills is handled. I also asked him that if the SEC clears him today are we still waiting for a fall vote in FL? He said no, there are other things he is working on to get MDCN back to where it should be on the medical MJ side.
PLEASE ALSO EMAIL HIM AT KJWILLIA@GMAIL.COM
THANKS
I just emailed Ken Williams to see what (PN) designation means in the MDCN ticker. If you go under detailed quote you see it.
I was wondering the same thing and posted the same thing a few weeks ago. No sure what it is about. If anyone knows please let us know.
Thanks
So let me ask the board this: How long can Medican not provide updated financials before a delist from pink perhaps down to greys? Not sure how that all works. Are there timelines that must be abided by? Is there a definite timeline we should be looking at for something to be said or can this just sit as is forever?
Does Medican have some sort of dealings in the works with Patriot National? I see they deal with a variety of things, one being self funded health plans and insurance. Didn't I read somewhere a while back Medican was looking to get involved with the insurance side of things as it applies to medical MJ? Hmmmmmmm. Also I see they are located in FL, didnt Ken go down to FL last year. Silly reports where that he bought a huge condo down there to live it up. Did he really do some sort of deal with PN????? Maybe I am overthinking....hmmmm. Thoughts?