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Lot's of eyes will be here after today's action. Beware of what people on this board lead you to believe. Many false predictions flying around with hurricane force winds. PPCH will go somewhere WITH NEWS. Without news, today is an indication of where it's headed. The bears will continue to control this without buying pressure and lowered morale/sentiment of the stock. With all that being said, today's action just provided you with a SUPERB entry point, or adding position. PPCH will pick up where it was earlier today sooner than later. If you are not in yet, get in. If you are already in, add to your position. These prices will seem like a steal when this is trading .20+
Im guessing you were the one doing on the retail selling on the L2? Giving everyone on this board false hope and making yourself appear like a seasoned trader... SMH
Hit the road JACK
Is it groundhog day? I swear I keep reading the EXACT same post from you over and over and over and over and over and over and over again.
You're a broken record bro. No one will entertain your RIDICULOUS question because you clearly don't even understand the space you're in. Aaahhh I have said too much already, you're not worth the time. See ya at .50 when the real news hits. PEACE!
new_money
Can you elaborate on this? What was the PPS and what did it drop to on each day? Sorry, I can't look it up at the moment...
Cash is king. Congrats. That was a steal. I sold on the crash down at .11, and rebought at .103, so I guess I win a little bit today too :)
Original buy was .071. Small time play with $5500.
I wish I had $10,000 chilling in my change jar LOL. Must be nice
This news is pretty legit. No pump and dump pays off its debt, and has an active interest to get their company in the black on the balance sheets. THIS IS AWESOME, and this is CLEAR evidence that PPCH is in this for the long run.
What's in the future here? Uplisting, buyout offers, and $1+ per share easily. YOU WOULD BE A FOOL TO BAIL ON THIS STOCK RIGHT NOW!
Maybe so, but either way his motives are not in tune with his posts. Obviously he's been pumping this to sell his shares. Big or small, the dude is a scumbag. If he did sell, he at least had the dignity to not dump on the bid and sell on the ask, assuming his position was 10 million shares. That would be roughly 1/3 of total trading volume yesterday, so if it is true, he wasn't trying to kill the stock price. So, I guess he gains a few points back from that, but posting and pumping $1 stock price not even 24 hrs prior is pretty freaking low, especially if he's going to come out and let everyone know. WTF? Weird
It's the modern day wild west...
Or it could be the end. The pump facilitates the dump. New investors to buy the dumped shares, until the shares being dumped surpasses the new investors, and then you see the massive dump. What is it here? Actual potential and real growth from investors outside of iHub, or your classic stinky pinky pump and dump? If this is a P&D, it has gone on for quite some time, and the gains have not been insanely massive over a short time (100% + in a day), so logically all signs point towards something other than a P&D. Personally, I'm up $5K and happy, but very cautious and leery at this point. Hard to shake the penny stock mentality of get in and get out quick here. One thing is certain, this is a binary event stock here. EVERYTHING, LITERALLY EVERYTHING, is hinging on the pending efficacy results. The outcome of those will make or break this stock. Anything negative or questionable will send this crashing into the trips. Where am I going with this? I don't know, but I'm happy and fearful all at the same time.
THOR you have been touting some ridiculous posts, and your latest ones are no different. You were posting in April asking which platform to use for trading LOL and now you are an expert trader, whale status even. Comical, seriously comical. You fool no one, and your ability to "see" the future of any stock is probably about as reliable as a screen door in a submarine.
Profit to date: $2900
Happy? Yes I am. Worried? Yes, and here is why. People like JACKG --> who claim to have $1.2 million in profit. That would mean he purchased at .016 for 12,500,000 shares. Ask yourself, what will happen when he decides to cash out. YUP, you guessed it. TIMBERRRRRRR!!!!
Positions that large can and will cause a penny to crash. Make no mistake about it. Jackg isn't the only one with positions this large. I certainly am not one of them, but there are others. So, when the dump comes, there will not be enough buyers to sustain it. UNLESS efficacy news hits, and then all bets are off.
Once this thing hits .15, and it will, I guarantee you people will start dumping. Just watch...
I understand your desire to stay positive, and I commend you for such. The more likely scenario, in this case, is that the company has negotiated convertible notes at very low par value to pay for the properties. Yes the properties will be acquired, in my opinion, but not without massive dilution first due to convertible notes. It's like the MDCN handing over an IOU that can be converted into cash, as long as they sell the shares. Which will happen. So yes, I believe MDCN will acquire the properties, and I also believe that MDCN has negotiated to pay for these properties through a financing deal involving notes and shares. I see no other way how it would be possible for MDCN to pay for such a deal. So, given the situation, a r/s will massively raise the pps, thus making the convertible shares much more valuable. I've seen it before, and this case is no different. I believe the intentions of the company are good. The way they acquired this deal is not in favor of the shareholders, and in my opinion, isn't ethically right how they went about it. Over time, i believe the people holding here may see their money return to them, if my theories are correct. If not, everything is out the window here and the company could simply be a share selling scam for all we know.
That being said, I will be watching this for a bottom play dead cat bounce. I'd say in about a week or two it will be primed for such.
Boy am I glad I was watching this board closely Friday. Saw the verified R/S link and sold instantly, for a massive $3K loss. Saved the remaining $4K, which would have been down to $500 or so had I held through the R/S.
If none of you have ever held a stock through a R/S, this will be a learning lesson for you. Here is what will happen. Your shares will be locked up at least 4-5 trading days AFTER the R/S is already effective. Meantime, the MMs will be dumping on the bid, dropping the price 20-40% a day. You will see a pattern. There will be a drop of 6-8%, then a 20% drop, then a 30% drop, then back to a smaller number like 10%. It will do this until the bulls are able to outnumber the amount of shares being diluted. Which is unlikely, in any scenario. This stock would need literally millions of dollars of buying pressure to overcome the dilution coming. Don't believe me? Thats fine. I'm simply sharing what I have personally experienced and seen. Just watch. It will happen.
Then you have to consider WHY? Why did MDCN do a reverse split? DILUTION MY FRIENDS! TO PAY OFF NOTES! They issued note after note, which is evident in their latest filing, and they even warned that they are at liberty to effect a R/S at the boards discretion. LOL. I read that and was like, "Whaaaaaattttttt?" The fact that they are disclosing that statement is not good. That's their defense against everyone who was blindsided here. They warned you ahead of time. All in all, it was a very shady move on their part. I am pissed, but you can't marry a stock and you must sell when it is time, regardless of the loss you will take.
My condolences go out to those who were not able to see the board on friday and came back to the stock after hours only to find out they are now stuck. Go research all the OTC reverse splits and you will see that nothing good is coming your way, for those who are still in. Best of luck to you folks, and I hope this case is different that 99,9% of OTC reverse splits. The pps will jump, your shares will be locked up for a few days while they are being "transferred", and by the time it is tradeable again you will have lost 50% of the original pps value, if not more. I lost a huge chunk of change, but its better to get out now and save what I can than watch it dwindle even more. I learned a VERY costly lesson holding my shares through the EC*G r/s, and never again will I do so. Again, for those who were blindsided by this 1 day enactment of the r/s, my apologies go out to you. Sucks man, but remember there is always another play in penny land. Always. Keep your heads up and live to play another day.
Is this NYT article confirmed that it will happen no matter what, or is this simply hopeful hype?
What part of my post are you alluding to? To the parabolic movement up or the "this almost can't be real"?
This almost can't be real. If this is legitimate this price per share will go freaking bonkers we're talking exponentially parabolic. If this article has any substance whatsoever this stock will draw in hedge fund investors -- major major players that will be dumping hundreds of thousands of dollars into the stock. If all of this is true of all this hype actually pans out this stock will be trading at no less than 3 to 4 dollars a share
FALSE! The bid has already moved from .017 to .019. That's a move up not down, friend!
GREAT CHART FROM CLAY! Today will run
THAT IS FALSE! The building is stated as an acquisition and is closing!
Unfortunately we missed the perfect storm. The denial of the MJ ruling today really stifled this run. Perhaps killed it. Had it been the other way around, I feel we would have closed close to .04 today. The only way this stock runs is on massive anticipation of news. We know they closed the properties. That bounced us 30% today. More people were buying in on anticipation of the ruling. That bounced us another 15%. Then the ruling came and it sold off and recovered back to 30% gain. All in all it was a weak day. Volume was low, and considering the "news" of acquisitions that various people here have unofficially confirmed, we had one weak ass run. I hope something big happens, and soon, or this thing will be dead in the water. Once the volume dries up, the MMs go to town and short the CHIT out of it.
MMs -- what BS! They walk it down just so it can rise to a lower high for the day. Thus making the chart look weak at close. If something huge doesnt happen soon, this stock is just too volatile to stay heavily invested in -- it will sell off / get shorted by the MMs. They randomly walk the bid down and then spread the bid ask to the point where one ticker up or down changes it 15% TOTAL BULLCHIT! Freaking pisses me off. Not a strong day, or chart, in my opinion.
There ARE ways to find out news before it hits. Do yourself a favor and go check it out for yourself. Then come back and buy up as much as you can before this hits silver land and higher. These prices will be gone in a flash once the "official" PR hits with the news that many of us, including myself, have already personally confirmed. ENJOY THE PROFITS! :))))
MDCN CLOSED ON PROPERTIES!!! GUARANTEED REVS AT THIS POINT IN THE TENS OF MILLIONS!!! BOOOOOM WE HAVE LIFTOFF! Well done longs. Well done!
MDCN -- someone knows something :) I'm thinking what everyone is thinking....correction...I KNOW what everyone is thinking. :) Going to enjoy this...
Fooled us to buy? You do realize that every million shares is only $100 at this pps. So their insider trades spawned a whopping $20K of retail investment? Holy crap that's huge. Not worth anyone's time to do that crap, and what a ridiculous gamble as well I might add. Insiders purchasing their own stock HOPING that retail investors will follow. Any more theories up your sleeve you would like to share?
lol dumping? You can't dump with no bid dude hahahaha
I'm in. .0001 ---> TOTAL BLIND BUY HERE> Can't help but think something is going on. What stock just does 350+ million in a day out of the blue for zero reason whatsoever on .0001 with no bid? hmmmmm...... something is going on and I'm thinking we are gonna cash in!
CRAP I missed the boat on this one. Anyone who isn't already in is going to miss 200-300% gains as this will gap up to .0005 monday morning. Guess I'll have to catch the next one.... :-/
You think this will retrace 60% today? Really?
PLEASE NOTE:
I am long and heavily invested here. I have faith in the positive outcome, and if you are going to invest, KNOW WHAT YOU OWN!
Previous post comprises some relevant notes to be aware of and DD. Some notes have timeline restrictions for conversion, others do not. There may be notes I missed and am not aware of.
ALSO KNOW THIS: They may have already closed and it is the company's discretion as to WHEN they want to notify shareholders of the official closing.
The closing date for the $2.25 MM property in Arizona, unless formally agreed upon and another 8-K issued to amend the closing date, is 3/31/2015.
There are a MULTITUDE of scenarios and situations that can happen in closing. It may happen. It may not happen. Financing could fall through. Material losses could occur, negating the entire contract and cancelling it. Terms can be renegotiated. We are talking about a multimillion dollar contract, so you better believe the lawyers and officers involved here are dotting all i's and crossing every t, making sure they can land the best possible terms. THIS TAKES TIME, and the dates mentioned in previous 8-Ks are "hopeful" tentative closing dates in a perfect world. Anyone who has ever been involved in a closing knows that this is a fantasy, and closings of this magnitude RARELY IF EVER close on the expected date listed in 8-K and subsequent amendments. WHAT AM I GETTING AT HERE? STOP STRESSING OVER THE DATE! LET THESE PEOPLE HANDLE THEIR BUSINESS AND KEEP YOUR FAITH IN WHAT YOU OWN! You bought for a reason, and that reason (massive growth from MJ buiding / growing operations) is still intact and I would wager a 95% chance of MDCN following through as planned. My investment will make or break my future, if that gives you any indication as to how invested I am here. I have had multiple conversations with key contacts involved here, and my faith is VERY STRONG with this transaction coming to fruition.
I found a few other key contacts in regards to escrow involved in this transactions. Names and emails are as follows:
Notices sent to the buyer: WAYNE HANSEN, whns42@gmail.com
Notices sent to the seller: BRENT STRICKLAND, gbs@hdas.com
These people are directly involved in escrow. Someone contact them and see what we find out. Maybe they can tell us a little something about what is happening and the progress here.
MDCN Timeline and DD -- ALL SHOULD READ
Other notes not listed below:
RDW Note -- 100K (45K now, 45 later, i.e. more financing)
convertible: ANYTIME
Black Mountain Note -- 66K
convertible: ANYTIME
Once property closes officially (which we are not sure of at this point), another 850K note materializes. Conversion information timelines I could not find.
KNOWN NOTES TO DATE:
Tangiers Note
On November 25, 2014, Medican Enterprises, Inc. (“the Company”) entered into a Note Purchase Agreement with Tangiers Investment Group, LLC ("Tangiers"), for the sale of a 10% convertible promissory note in the principal amount of up to $220,000 (the "Tangiers Note"). The initial amount delivered to the Company under the Tangiers Note was $75,000, with an additional $7,500 (the "Fee") of the financing amount retained by Tangiers through an original issue discount for due diligence and legal bills related to the transaction. The financing on the initial amount closed on December 9, 2014. Tangiers has the option to finance additional amounts, up to the balance of the $220,000, within 180 days from the date of the Tangiers Note.
The principal due under the Tangiers Note bears interest at the rate of 10% per annum. Upon an event of default, interest will accrue at the lower of 20% or the highest rate permitted by law. All interest and principal must be repaid on or before November 25, 2015. The principal and interest underlying the Tangiers Note is convertible at any time into common stock, at Tangiers's option, and will be equal to 58% of the lowest trading price of the Company’s common stock during the ten consecutive trading days prior to the date on which Tangiers (or the then-holder of the Tangiers Note) elects to convert all or part of the Tangiers Note. In connection therewith, Company agreed to reserve from its authorized and unissued shares at least four times the number of shares that may be issuable upon conversion of the note.
The Tangiers Note may be prepaid in whole or in part by the Company within 180 days for 135% of the face value of the Tangiers Note plus accrued interest. After 180 days, the Tangiers Note may not be prepaid without the consent of all parties.
KBM Note
On November 17, 2014 (the “Issue Date”), the Company entered into a Securities Purchase Agreement with KBM Worldwide, Inc. ("KBM"), for the sale of an 8% convertible note in the principal amount of $43,000 (the "KBM Note"). The financing closed on November 26, 2014.
• The KBM Note bears interest at the rate of 8% per annum.
• All interest and principal must be repaid on August 28, 2015.
• Beginning May 13, 2015 (180 days from the Issue Date), the principal and interest underlying the KBM Note is convertible into common stock, at KBM's option, at a 42% discount to the average of the three lowest closing bid prices of the common stock during the 10 trading day period prior to conversion, subject to adjustment.
• The Company may prepay the KBM Note in full by paying off all principal, interest and any other amounts owing multiplied by (i) 115% if prepaid during the period commencing on the Issue Date through 30 days thereafter, (ii) 120% if prepaid between 31 days and 60 days following the Issue Date, (iii) 125% if prepaid between 61 days and 90 days following the Issue Date, (iv) 130% if prepaid between 91 days and 120 days following the Issue Date, (v) 135% if prepaid between 121 days and 150 days following the Issue Date, and (vi) 140% if prepaid between 151 days and 180 days following the Issue Date. After the expiration of 180 days following the date of the KBM Note, the Company has no right of prepayment.
Pursuant to the Securities Purchase Agreement with KBM, the Company also granted KBM a right of first refusal, for a period of six months following the closing date, to participate in certain future equity (or debt with equity component) financings less than $100,000.
The above investors are accredited investors, had access to information about the Company and their investments, took the securities for investment and not resale, and the Company took appropriate measures to restrict the transfer of the securities.
1.4 Method of Conversion .
(a) Mechanics of Conversion . Subject to Section 1.1, this Note may be converted by the Holder in whole or in part at any time from time to time after the Issue Date, by (A) submitting to the Borrower a Notice of Conversion (by facsimile, e-mail or other reasonable means of communication dispatched on the Conversion Date prior to 6:00 p.m., New York, New York time) and (B) subject to Section 1.4(b), surrendering this Note at the principal office of the Borrower.
Regarding $2.25MM Property Contract:
6.2 Material Loss or Damage
If there is any Material Loss prior to the passing of risk as stated in paragraph 7.1 , the Buyer shall, within seven (7) days following such loss or damage, by notice in writing at its option either:
(1) terminate this Agreement, , and neither party shall be under any further obligation to the other;
Closing Date: 3/31/15
7. CLOSING PROCEDURE
7.1 Closing
The closing of the purchase and sale of the Purchased Property will commence at 12:00 noon on the Closing Date. In the event of Material Loss under paragraph 6.2 , the Closing Date shall be deferred for seven (7) days. Closing will take place at, or at such other place as the parties may mutually agree.
7.2 Closing Procedure/ Escrow
(1) Upon acceptance hereof by Seller, this Agreement, including any counteroffers incorporated herein by the Parties, shall constitute not only the agreement of purchase and sale between the Buyer and the Seller, but also instructions to the Escrow Holder for the consummation of the Agreement through the Escrow. The Escrow Holder shall not prepare any further escrow instructions restating or amending the Agreement unless specifically so instructed by the Parties. Subject to the reasonable approval of the Parties, the Escrow Holder may, however, include its standard general escrow provisions.
(2) The Escrow Holder is hereby authorized and instructed to conduct the Escrow in accordance with this Agreement, applicable law and custom and practice of the community in which the Escrow Holder is located, including any reporting requirements of the Internal Revenue Code. In the event of a conflict between the law of the state where the Property is located and the law of the state where the Escrow Holder is located, the law of the state where the Property is located shall prevail.
12
________________________________________
(3) Subject to satisfaction of the Conditions Precedent herein described, the Escrow Holder shall close this escrow (the " Closing ") by recording a special warranty deed and the other documents required to be recorded, together with an instrument of assignment of the Lease, and by disbursing the funds and documents in accordance with this Agreement.
(4) The Buyer and the Seller shall each pay one-half (50%) of the Escrow Holder's charges and the Seller shall pay the usual recording fees and any required documentary transfer taxes. The Seller shall pay the premium for a standard coverage owner's policy of title insurance.
(5) The Escrow Holder shall verify that all of Buyer’s Conditions Precedent have been satisfied or waived prior to Closing.
(6) If this transaction is terminated for non-satisfaction and non-waiver of the Conditions Precedent, then neither of the parties shall thereafter have any liability to the other under this Agreement, except to the extent of a breach of any affirmative covenant or warranty in this Agreement. In the event of such termination, the Buyer shall be promptly refunded all funds deposited by the Buyer (other than the non-refundable deposit paid pursuant to paragraph 2.3(1) herein), with the Escrow Holder, and the Title Company and Escrow Holder cancellation fees and costs, all of which shall be the Buyer’s obligation. If this transaction is terminated as a result of the Seller’s breach of this Agreement then the Seller shall pay the Title Company and the Escrow Holder cancellation fees and costs.
(7) The Closing shall occur on the Closing Date, or as soon thereafter as the Escrow is in condition for Closing; provided, however, that if the Closing does not occur by the Closing Date and said date is not extended by mutual instructions of the Parties, a Party not then in default under this Agreement may notify the other Party and the Escrow Holder, in writing that, unless the Closing occurs within five (5) business days following said notice, the Escrow shall be deemed terminated without further notice or instructions.
(8) Except as otherwise provided herein, the termination of Escrow shall not relieve or release either Party from any obligation to pay the Escrow Holder's fees and costs or constitute a waiver, release or discharge of any breach or default that has occurred in the performance of the obligations, agreements, covenants or warranties contained therein.
(9) If this sale of the Purchased Property is not consummated for any reason other than the Seller’s breach or default, then at the Seller’s request, and as a condition to any obligation to return the deposit, the Buyer shall within five (5) days after written request deliver to the Seller, at no charge, copies of all surveys, engineering studies, soil reports, maps, master plans, feasibility studies and other similar items prepared by or for the Buyer that pertain to the Purchased Property. Provided, however, that the Buyer shall not be required to deliver any such report if the written contract which the Buyer entered into with the consultant who prepared such report specifically forbids the dissemination or the report to others.
cjstocksup -- can you please post what you find out about this? I too have been looking for this information. We all know how VITALLY important it is to know when notes mature. Pennies are stocks to trade and play, not marry and stick with through turbulent times, such as convertible note maturities.
PLEASE SAVE US ALL MONEY AND POST THE DATES YOU FIND!
If it's mid April, look out all. This will come crashing down in dilution. Not bashing, just being honest. I am a strong long(ish) investor here with some serious dough involved in this ticker. It is in my best interest for this stock to SOAR, but pennies operate the same way basically. When those notes mature, get the F out because they will be unloading massive amounts of shares on the bid quickly to take advantage of the higher pps.
I hope this is not the case. PLEASE POST AND STICKY THIS INFO CJSTOCKSUP. THANKS MAN!
I am officially out of the clink in T minus 3 days! My week stay here has been arduous and trying. I felt like crying and laughing at the same time. My heart was torn and made whole simultaenously. My hard time served was long, yet quick. I now know what its like to be cut off from society in complete and total isolation. I feel oppressed, but liberated at the same time. I quickly made friends and alliances, so as not to have to worry if I "dropped the soap" among the wrong crowd. Hard knock life, fo sho. Freedom can be attained, all you have to do is BELIEVE! Believe in yourself, and anything is possible!
This is wonderful news! I was busy all the way up until 4/9/15 at exactly 2:16 pm EST, so this works out perfectly!
Dear Admin,
I understand what I did and vow to never do it again. I apologize for the vulgarity and off topic statements I made.
Can we cut a deal here? Release me from jail (please) and I promise to never again participate in previously prosecuted actions which landed me here. If these terms are violated, I willingly subject to have my account PERMANENTLY BANNED and be placed in indefinite incarceration with no chance for appeal?
What say ye?
Have a great day!
NOOOO! I GOT LOCKED UP! I KNEW I WOULD NEVER MAKE IT OFF THE STREETS! The man just keeps holding me down. I'll never make it anywhere...NEVER EVER!
I would just like to express how pissed I am here. I KNEW THIS WOULD BE A GEM. I set my buy order the second I read the 10-K and then went to bed. PPS closed at .0015. I set my buy for .002 factoring in a gap up. This freaking BEAST shot past my buy order like a bat out of hell! I AM SO TICKED! Missed out on some ridiculously massive gains. Now, I will not chase. I hate chasing, and always get into trouble when I do. Congrats to you all who were here before the 10-K. I wish I had seen this company a few days ago.
Well ladies and gents, the short term explosion of pps is totally out the window. Reading the 10-K: yes, its bad. Very bad. I do, however, believe ECIG will turn around...eventually. This has turned into a VERY LONG play. I plan on checking price in 1 year from now, which should be sufficient time to make some real progress in financing and stabilizing the balance sheets. This company is in critical care at the moment. It's vitals must be stabilized, and Dan and Phil are the doctors here hard at work. It will happen, in my opinion, but it will take much longer than I even care to think about. I need $2.05 to break even. LONG WAYS AWAY, and MUCH MUST HAPPEN for it to get there. We need to eliminate massive amounts of debt and see revenues grow quarter of quarter for at least a full year. I believe this is a legitimate company, and not your typical OTC momentum play. I made some massive mistakes trading this. Lessons learned and will be paid for with time, not money (IM NOT SELLING). I will not guarantee a loss and sell. I will take my account to zero before locking in a loss here. There is massive upside potential at this point, seeing as we are just about at rock bottom here. Hang on tight folks. Get aboard your canoe for a ride down the lazy river. It'll be a minute before you see the green grass on the other side of the fence. It's there, we just have to go for a bit of a ride. Have faith, hold your shares, and I'm confident we all might be a little happier this time next year. I only wish I could hide this stock from my portfolio view so I didn't have to see that -57% GAIN staring me in the face.