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If you click the detailed quote it brings you to the details page and you see it there right above the tick info. I don't remember seeing it in the past but I can be wrong. Does anyone know what it could mean?
Thanks
What does the "PN" stand or after Medican? Also is this new?
Agreed. We can only hope Ken is getting his ducks in a row by June if reclassification goes our way.
Medican is way behind on filings hence the stop sign. Not a good scneario to be in. I do know the mergers and acquisitions guy, Paul Khan is still in the mix with Medican. What he is doing there, I am not too sure.
As for the share count. I believe the outstanding is just about that 2.7B mark or so. I say that because last year when Ken went on his share printing spree the TA was volunteering that info. At about the 2.7B mark (the last known figure I received from the TA) is when the share printing stopped and the TA went quiet. Since then there really have not been any more shares printed. A few million here or there but nothing at all to speak of.
Ken was supposed to retire many of those shares as I believe they were to be used for that Mobi deal but that was cancelled per Ken. Ken's last emails to me was that he was bringing Median back to the MJ side. I am no sure where he is in that process. If the Twitter account is actually Medicans then maybe they are using Twitter to ramp up interest again.
That is about what I know.
I agree with you I am just forwarding what I was told
Apparently the Twitter account does NOT belong to Medican. Please see below...
John,
Whoever is control of the Twitter account does not speak on behalf of the company. It is neither Ken nor I.
Regards,
Paul Khan, B.B.M.D.
Mergers and Acquisitions Consultant
This email message, including attachments, contains information which may be confidential and/or legally privileged. Unauthorized disclosure and/or use of information contained in this email may result in civil and criminal liability.
The tweet does suggest a RS in third quarter of 2016 and also suggests they are preparing for financials. My guess is Medican will be pumped with news very shortly to raise the PPS up substantially, perhaps to a few pennies and then RS later this year to get the share structure under control. Some of the recent filings show alternative medicine investors backing this. Medican now looks interesting again!
I dont think he has 50B pref shares. post that link showing that
There are about three filings in the past few months that have scooped up just shy of a Billion shares. I believe there are about 2.6B available. I was told Ken was going to reduce the authorized to be in line with the available and also retire some of the available as a billion shares or so were to go to MobiWeb however Ken wanted to cancel them as the MobiWeb deal never happened. So, I dont think the available shares is as high as some may lead us to believe. It might be about 1.7Billion, about a billion of them have been spoken for over the past few filings. That leaves the rest of us with 700-800 million shares
Looks like there is still life in this per the 13G's Seems they are finding the proper financing for from those that actually have a clue as to what is going on in the alternative medicine vertical. A dime is a coming!
OSL Holdings seems to be a medical services firm developing and financing indoor gardens and cultivation facilities. They provide branding, marketing, logistics and other services. They create, market and license brands in the alternative medicine industry such as marijuana licensees.
Can you please post the link that you saw for OSL with the dup PR?
Thanks
Well since the beginning of 2016 it looks like he was able to find investors to the tune of roughly 700 million shares. Take a look at the 13G's since then. Last time I checked with the TA when he went on his selling spree last year there were just shy of the 2 Billion shares out there of the 2.7 Billion. Add these last shares to that from January and we are getting close to the 2.6 Billion outstanding. I don't think the OS was greater than that.
Some investment firm scooped up 260MM shares of the 2.6 Billion. Hmmmm can this actually go places???? Looks like Ken is actually getting investors on board at these levels.
If you know something I don't then I will be ready at a moments notice to send you a check. But remember, share structure as it is now, no R/S, no giving away of all the equity, nothing foolish on the company's part. Just a straight $1.00 plus as structure sits as of right now.
Best of luck to us all!
For whatever it means the mergers and acquisitions guy that Ken brought on a while back is still working with Ken and Medican. Not sure what he is doing but he is surely still actively in the loop.
If this hits $1.00 this year WITH THE CURRENT SHARE STRUCTURE and I am able to sell all of my shares at a minimum of $1.00 I will personally pay off your mortgage. You can bank on that and hold me to it with this message.
I must ask....what is this"monthly setup" you speak of?
There is no substance to what you guys are talking about....monthly setup or timing or whatever is being suggested.
Such a silly statement to make. so my 1 share will be worth $1MM dollars! hahaha
Something is definitely going on as discussions with TA legal and Medican board are in the works. My last discussions with Ken were that he can not comment on any insider info. Also received the same verbiage back from the Medican mergers and acquisitions consultant Paul Khan. Ken did say however to keep a close eye on the OTC. I think first order of business is going to be to get current. Things are happening here.
I can't say for sure but with 19,999,999 shares bought today it looks like some firm scooped up just enough not to have to report the shares as being a major shareholder. Quite an interesting number huh?
Agreed with you 100%. To further I believe Ken is in the process with working with the TA legal team to reduce (cancel) some 4 Billion shares and get the company current. If he does that we should trade back to the .01 to .03 range in the short term.
Agreed the sector has cooled a bit except for some reports of a few legal sell operations. However when you look back at the last pumps nothing was ever really going on then either while this was trading at some sort of pulse of 3 cents. Maybe this time with a cleaned up OS, reverse now out of the way, the consultant characters out of the way and some small grow/sell companies actually producing revs it MIGhT put MDCN to trade back to the 1-3 cent range. Add to that if he squares everything else away we get current on the pinks.
I have seen time and time again the ask dry up then poooof! more automatically appears. I am not sure how all of that works in market maker world but I have seen it many times. Perhaps some of the .0002's then get sold at .0001 if the demand is ONLY there to be bought at .0001. Either way free shares sold at .0001 are still pofitable, just not as much as at .0002 so when push comes to shove a profit is better than none. Hope I am wrong but we shall see, only $3500 away as I see it.
I understand some of you are suggesting 35MM shares left on the ask and that once gone this will start trading again but I am not so sure it is that easy. I am trying to get in touch with Ken to see what other shares are going to be sold off at the ask of .0001. I bet once the 35MM are gone more will become available unless Ken is done distributing shares.
you mean bought right? please check your facts
Emailed Ken Williams with a basic " any updates to Medican$He said progress is being made and to keep a close eye on OTC and that they are moving forward. My guess is they are going to go current. I asked a few questions as a follow up, will relay on board if I get them answered.
Welcome. I do what I can and report what I am told directly. Hope we all prosper after all recent tweets coupled with the TA info
Not a bad cost to be in at.
Even half a penny would get most back to where they need to be.
.03 to .05 is very reasonable once an announcement is made, shares are retired and business is back with a solid plan. I think all of that is in the works now so expecting a press release that sums all of that up so we should move quickly once it comes out.
I think a few firms (13g's) that bought in to the tune of 25MM shares all the was up to 225MM shares are the ones financing the next moves for the company so they can return to .05/PPS and those firms profit nicely off of there investment.
According to the TA Medican board of directors and the TA legal are to meet again Monday. We could get updates or hints via Twitter. No reverse split and a cancellation of the mobi shares 4B worth along the with some good guidance and a plan can easily pop this back to 5 cents.
Cancellation of the 4 Billion shares and a real business model. New hands on deck seem they want it to get there
Yes it looks like things are now being put in order. Probably a cancellation of 4 Billion shares and getting current. Ken said no R/S. With that said it it trades back at .05 and stays there a bit that would establish a nice base to run to .15 and up with solid news and solid growth from the company.
New Information on Medican
I took the liberty to call Medican's transfer agent. I spoke with "Kim" and she told me the following:
The Medican board of directors was physically at the Transfer Agents location this morning and was in discussions with the TA's legal team. She could not give me details however told me they are working through what needs to be worked out in order to get Medican current and trading again.
She was not at liberty to tell me if Ken Williams is still CEO.
She said Medican is currently being worked on daily and should have what is required of the TA by Monday.
This starts to jive with the current tweets from Medican. It seems things are about to liven up again at Medican.
Standard Transfer agent info is available on the Medican site, I encourage all to call.
Last I talked with him (a few months ago) he said he was in the process of cancelling about 4 Billion shares due to non performance from the Mobiweb deal. He was also looking to raise $60k to "pay the bills" and get the company current. Looking back on some of the 13g's it seems he has raised a bout $40k.
Looking for $10.00 today.
He told me he would not reverse split and that was completely off the table. He did say he was in need of financing as it seems he is now getting per the last few 13g's
Looks like Ken Williams is securing funding. Previous filings are suggesting so.
Also based on Blackrigdge owning 9.9% of the shares that tells me the true share count is about 2.25 Billion.
That number also was suggested to me by Ken a while back AND was suggested to me by the TA when they were sharing that information.
Agreed with your post. The new regime is the old regime. Ken apparently is still in charge with 60% vote. Apparently the mobi web deal is off and Medican is back full steam in MJ. Ken needs to make things happen now. Email him at kjwillia@gmail.com