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If what Ken has told me in the past and what it is he is going to do is truthful then there is way more than a heartbeat here. This is a very damaged company, no doubt about it but if he aligns his ducks properly I see no reason why we cant all be VERY happy in the not so distant future.
Looks like someone bought about 10% of the company. Ken did tell me a while back he needed to raise about $60k. The 13G released a few minutes ago would suggest he raised 20k of the 60k needed so far. I am not sure if he raise any since.
I have also been in touch with the Paul Khan (the mergers and acquisitons) consultant brought on by Ken a while back. He is readily available on Linked in. I asked him for an update as well and received the following:
"Hi John, everything is good and you? Ken is still working hard on Medican but I cannot disclose more than that."
His Linked in is below, perhaps some on here can reach out to him as well.
https://www.linkedin.com/in/paul-khan-3b652638?authType=name&authToken=BJ0j&trk=wonton-desktop
Agreed with that statement. Ken is keeping the business in the MJ field. News seems to be spreading as legalizations coming more and more available throughout the US. He NEEDS to get his ducks in order to take advantage of what is going on state by state and then eventually on the fed leval
Mal I knew something like that would be said about me on the board. You know my dealings with Ken in the past, you have seen the emails. If I were getting paid per the depicted post on here that's all I would care about, getting paid. I wouldn't even call this cheering my investment, just making others aware of what I have been in discussions with. It is cool though to see some tweets from the company, some volume yesterday as well. Hope all is well on your end.
4 more 900% moves. Do the math...
Four more moves like today and we are at $1.00
LINK TO NEW MEDICAN SITE UNDER DEVELOPMENT.
Ken mentioned this to me a while back...
http://medican.enterprises/
I believe those shares were the shares that were issued to or for MobiWeb but those shares along with the conditions have been cancelled due to non performance.
Yes, one cent at a time is fine for me.
Agreed! Hey who knows, maybe this will be the turn around story for early 2016! Ken did say he was going to retire $4,000,000 worth of notes due to non performance. If so perhaps this levels the playing field for a respectable share count. He also outright suggested getting this back to $3-$4 WITHOUT a reverse split. So far he has not done one....just sayin
I see it. My guess is in a few day we will see a new statement of ownership. Someone is buying in. Question is, what for and what are the intentions.
Perhaps. It is only $700, but its something. Email Ken at kjwillia@gmail.com and see if he responds to you.
I am intrigued at best myself however not sure if one can truly believe him given the history of Medican and its poor performance under his control. I look at it this way...its a new year, more and more states are legalizing. If Ken really wants this to work for the company, for the investors and for his own pocket his time to act is now.
Last I talked with Ken he said the website was the least of his priorities however it is something he wants to get updated. Seeing that the site appears to be under construction may be an indication that his other priorities have been addressed already. That might make sense since we are now seeing tweets from the company.
From my experience with him if you are polite and ask realistic questions you will get an answer
EVERYONE SHOULD EMAIL KEN AT KJWILLIA@GMAIL.COM AND ASK WHAT IS GOING ON.
That is the last email I have of his.
I don't think $3-$4 is anytime soon. However if he manages to bring in a good team, reduce the share structure down to a minimal amount coupled with solid deals and 2016 possibly being a good year for the MJ industry it is possible as this was $3-$4 not too long ago and almost $20 at its peak. The share structure screwed us here. He has to reduce it big time.
As I understand it (per Ken's email to me) is that Ken is till majority shareholder with 60% of shares belonging to him. Also Ken suggested the $4,000,000 (I think 4 billion shares at par .001) will be cancelled due to non performance. Ken also suggested the Mobiweb laws were cancelled. I know Ken was looking for private investor to help with some bills and so on. Perhaps that has happened and they are ready to start announcing a new strategic plan. I am not sure what to believe however that is what I was told, take it or leave it kind of thing. One would think that if Ken holds 60% of the shares then he would want these share to be worth something significant.
The tweet from the company seems to show some good news is on the near horizon. I have not heard anything else from Ken Williams since my last post on here. I know he is majority control so I guess trying to put things in order is my guess. I do know all of the shares are to be retired other than what is currently in circulation. If that happens along with some solid news then perhaps we stand a chance at $3 - $4 as Ken is suggesting to me. AGAIN this is ONLY if most of the shares are retired. I believe that is one of the top priorities.
what is "wealth of new action" you refer to?
Can you please give details?
Apparently they are going to retire $4MM worth of converts due to non performance. If so zoom right back to $4 on hype alone
Source? Proof? Alot of hearsay in your statement. Back it up please??? My shares thank you in advance.
Yes this is real. I have had a few email converses with Ken Williams over the past few months. Supposedly he is still majority vote however the MobiWeb deal removed him as CEO. Ken went on to say however that the MobiWed deal has been cancelled and Ken is in the midst of getting financing to "pay the bills", and get Medican up and going again and with that keeping to the root of what the company was, the cannabis industry. I am not sure if this guy is full of it or not, just relaying what I have from him. I hope he gets this going. I hound him quite often the past few weeks as I hope he gets some progress going in the very early stages of 2016.
I have been in touch with the CEO pretty regularly. Here are the past emails I have received from him. Take them for what they are worth but this is what I have thus far:
I'm the majority vote. 60% preferred shares. I own the company.
The Mobiweb bylaws were cancelled, and their team was fired. That is why the company is at a stand still.
OTC is in a deadlock situation. The only thing I have to do is to give OTC an opinion letter showing that I'm Majority Vote.
I don't have to be the CEO. I'm open to all options..
When I get back in the company, the first line of business is to cancel the $4 million in convertible note contracts for non performance.
I can even give the investor(s) a note guaranteeing their investment, or issue some preferred shares.
Medican is still a good company. It has 209 major shareholders.
Medican is built for the cannabis industry, I say keep that going.
I want to:
1) Immediately manufacture, market, and distribute branded cannabis cigarettes.
2) Technology automated grow houses for cultivating cannabis
3) Internet and mobile cannabis educational platforms.
That is a start. I can bring someone in as an investor to pay the bills (about $60k or less) and Medican stock will go back to the $3 -$4 range.
Ken
Intersting....
.
Symbol: MDCN
CUSIP Number: 58464T Yes
Number of Shares Authorized:
30,000,000,000
Total Shares Issued:$5billion
Total in Public Float:
Rule 144 Non-Market Shares:
Total Shares Delivered at Close:
Preferred Shares Authorized: 5,000,000
Preferred Shares Issued: 5,000,000
State Of Incorporation: Nevada
Date Of Incorporation: 1988
Is Company in Good Standings:
no Trading Status: QTCQB
Number of Shareholders: Non-Shell
Filing Status: Delinquent
Par Value: $0.001
Financials:
Accounting Firm: Anton & Chia LLP
State and Federal Tax Filings: Current
Present or Pending Litigation: judgment $70k
Assets: $100k
Liabilities: $3 million
Market Makers:
No Reverse Restrictions: none
DTC Eligible: Yes
Nevada Entity
Number:
Price: $0.0001 Last Sale
10,000,000,000
%
%
0.00%
%
0
YES Can Provide Documentation
Shares Delivered at Close: XXX,XXX,XXX Held at Transfer Agency
Cost: $10,000
what 50 million vol? still in a no bid situation
Ask is at .0002 Looking for 50MM in volume today
My guess is financials are to be out in the next few days. Probably accompanied by a new PR to intrigue investor interest. It seems Ken has taken back seat for a bit to direct the company in a new direction after trimming all the fat. Volume is speaking interest lately along with Twitter....hint hint.
SFY STARTING TO TREND UP NICELY. MAC IS TURNING UP NICELY AS WELL. NO REAL RESISTANCE UNTIL .75, IF YOU CALL THAT RESISTANCE. OIL IS TRENDING UP AS WELL. I SEE $2.00 TO $3.00 IN THE NEAR FUTURE WITH THAT BEING OUR NEW TRADING RANGE ONCE ESTABLISHED. COMPANY PAYS BOND, NO ISSUE THERE. COMPANY WILL GAIN NYSE COMPLIANCE IN THE COMING DAYS.
Expect $2.00 to $3.00 in the very short term. Oil is rebounding into $50's minimum
Agreed. I see this well past $1.00 probably $2, $3 in the not so distant future due to low float, AS, and insider holdings.
I will be ready for it and add as soon. As I see it!
I hope so!!! I have MANY shares hoping for the best.
I have emailed 5WPR to confirm they have contracted with PCS as their person of record. I also asked what their approach will be and whom they plan to target with a campaign if in fact they are contracted with PCSV. It should be no issue for them to acknowledge a relationship with PCSV as it is public information per PCSV. I will post any response I receive.
Ty suggested they started yesterday, others on here and twitter suggested they start today (MONKEY). Just wondering what was the official start date.
To clarify... does 5WPR start it's campaign today or did they start yesterday? I am seeing conflicting answers. If anyone knows with certainty please post here. Thanks in advance.
Exactly. 5WPR was supposed to start campaign yesterday. I saw no evidence of that on any threads and on top of that we ended up in the red. I questioned IR but he suggested to now contact 5WPR, guess he wiped his hands of this in that sense. I would think PCSV IR guy would be in the know with what 5WPR was doing. I guess not. Let's see what today brings.
Thanks for realizing I have valid concerns. I wish IR did when I question things for good reason as opposed to getting booted out of Facebook groups haha