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Well I tride to get the OS from the TA (Kim) but she now said to get it from Ken as he instructed them to provide his email. Problem is that price never emails back nor does that tan freak Loren.
Yeah me either and IR and Ken do not email back after numerous emails. Either they are crafting a press release or skipping to another country
With such a healthy holding where and when do you see this going pps wise?
Exactly!
That seems very assuring to me as there seems to be information to be had however restricted from giving it out. Seems very positive! Nice job dholmes!!!
Explain how u get to .12 will add optimize to board
So let's say we closed on the two AZ properties coupled with the TWYNS deal and that other lease deal plus all the other CA deals in the works. Including all the projected lease revs and so on....when news of the AZ deals hits where are the projections of the pps over let's say a 3 or 5 day run? Do we swing back to 54 cents? Or more being it is solid tangible news this time?
Think yesterday's candle was a reversal? I hope so however with 130MM in volume yesterday I think they are still diluting so we may continue down today. Yesterday could have just been a "one off but I hope I am wrong. We still have some awesome technicals to fill...the 50 and 200 day and the RSI needing to reverse as well. Let's hope for a true reversal today!
Yes most of the pr's are usually out at 8 or even 6 am. I have seen a few later in the day but it is rare. Hmm mm so I guess doles will relay what he finds. Hopefully he screen prints his findings so all doubt is removed because there is a HUGE agenda here to create doubt with this stock.
Yes it would be nice. I don't hear from IR anymore. I also tried emailing Ken but nothing there either. I hope someone on here can get a response from either...or news hopefully comes out.
Right and they owned NOTHING...no revs at all, zilch. At least MDCN has some revs and probably 60MM OS now. In theory can run 5 times higher than FIT!. at the very least 3 times higher than FIT! did.
Cnbc had this interesting piece on some auto related stock that was trading at 178 times earnings. Unless we are missing something here with these MJ/ realty companies. Do they have such high multiples as well? If so when you start adding up the annual leases per building and the income off the branding deal and the consulting fees to the tune of 30% of gross from dispensaries then we are talking some serious cash and with only 550MM in the OS we are well into multiple dollar land. 400 in revs on TWYNS alone at 178 times your talking 70MM. Now all of a sudden things start looking a hell of alot better.
Yeah .02 is nothing. The only thing that I can see that is a glimmer of hope is that we run like we did back in march, the only difference thus time being the properties are hopefully closed upon and can count on the revs of those already leased out. Last time we ran around 6000% at the peak, can we hope for a 10,000 percent run this time if deals are solid? It is easily possible, just need those properties with revs. At least a run like that puts us at a dime. Still not great but what can one do when the CEO screwed everyone.
So if the two AZ properties come to fruition plus TWYNS plus that other income from the pr on the 26th I believe where do you see this valued? Asset wise I say between 6 and 7 million and then there is the rental income and the 30% of gross from the dispenser plus consulting fees. Hard to put a number on all of that. Wild guess of 10MM? I don't know
Yes the may 20 filing is more reliable, no argument there. Well like I said if they diluted even 70MM between the R/S and may 20th then the cash amount is still pretty high. Question is did they use the proceeds to buy the properties in AZ and do other constructive moves with it
Well its 535mm...trust me
Ask for kim
No I didn't forget about those13g's that's why I left out another 50-100MM shares. If they were smart they sold most of those shares closer to .05 range. They may be sitting on aa lot more cash than the 8.3MM figure I suggested in my last post. All depends when they sold.
Suppose the following scenario....
Let's say they started selling shares to raise funds right after the R/S.
So if they sold
50MM at .05 that would net them 2.5MM ( equivalent to building number 1)
50MM at .04....2mm
50MM at .03....1.5MM (now more than enough for both buildings and TWYNS
50MM at .02...1MM
50MM at .01...500k
50MM at .0075...375k
50MM at .005....250k
50MM at .0025...125k
50MM at .001...50k
that's 450MM shares totaling 8.3MM and maybe a bit more given Tha past few days. I figure they need 6MM for both buildings AND TWYNS branding deal. That leaves them 2mm for operations.
The problem with that is thar even if (very big if) we own both buildings that values the company at about 5MM in real estate plus the value of all the shares so say around 5.5MM. With the OS at 550MM that is a penny a share. Still waaaaay below what many bought at and waaaaay below what is acceptable. Yes there is the 30% of gross and rental income. So yes we should instantly spike to a penny or a bit more on the hype but that is not acceptable at all. The other revenue (lease income and 30% of gross) is what we are going to have to count on. Is that really going to push that to $2, $3 or $5 so thar we are trading at respectable levels, free from flippers and attracting new real long term institutional money???? I don't know. How do you evaluate the income going forward. Do we attach a PE? Ken has diluted this so bad I'm not sure it will escape a penny. I am open to hear thoughts.
OUTSTANDING SHARE COUNT is 535,452,139....ask for Kim when calling, she will tell you
Why news tomorrow?
Probably mid trips at this point if this joke of a ceo does not speak up today. So far it does not look like we will. Everyone on here should email ken and IR. Force them to say something. At this point we are desperate. Hate to say it but it's all due to ken.
Agreed, .01 does nothing for most if not all of us. This CEO scumbag has done so much harm here he needs to get this to at least .05 with a nice continuous slow movement north. I truly believe however that he is incompetent to make this happen. There was a post yesterday thar news was coming out today from the ceo but let's see if thar is valid. I am not holding my breath. From the 200MM thar traded yesterday I think we have a ton more dilution in the works. Ken needs to step down, not for the dilution but more so for not providing updates since March on the closings and not updating us on missing the 5/31 deadline. It's like he does not care. Very poor character for a ceo.
Hopefully you are truthful in your post. I sent a few to him today and got nothing back.
kjwillia@gmail.com
Kent email....get on his case!
Right sorry fat finger ed it
41MM on the ask and 41MM on the bid and no movement??? Something is going on here. Just tells me they want it cheaper before the buys start. My guess is it goes lower to attain the shares cheaper. Happening in front of our eyes
Interesting how there are about 6.8MM shares on the ask and 41MM on the bid right now and no movement. How cheap do they want these shares? Are they that greedy?
See how it went from 1.1mm to over 2mm on the ask to clear .0015? There are TONS of shares to chew through.
You might be right but what can we expect. Another 5000% run? Not so impressive anymore
Doubt it
Think the market is telling us they failed to close these deals. Ken needs to go
Well what did you get.? Let's hear it
Did you confirm anythig with jtb, please advise.thanks
Post the number
Yes I called back to confirm and got a different lady. She told me to email ken at the kwilla email. The first lady gave me 437MM. I says last he knew was about 230MM
Just call 1-801-571-8844 and ask what the outstanding is for Medican ticker MDCN, They tell me each time I call. The TA is NOT gagged.
O/S is over 437 Million!!!!! I just called the TA at 801 571 8844
Please call to confirm
For you chart people out there. If you look at the chart from mid Jan 2015 where it stabilized a bit at .30ish it then fell 99.5%. It then ran in March to .054. If one believes in charts and this retracts 99.5% again it's should bounce at .00075. Problem is we have 1/10th the shares now. Ken Williams is one HORRIBLE ceo!