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Ken has put us in such a bad place. According to my math, with the post split figures we wold have to run 78,000 percent to reach the same run we had in March if we retrace back to .0007 as it seems we are. Ken needs to seriously step down ASAP.
Don't be surprised if the next news says they lost the building to a higher bidder or some other silly excuse they can come up with. Funny cause my 6 month old dau Gh terms progresses faster than Medican respectively speaking. Amazes me..,
Don't you think we should have gotten an update since we are now past due on the AZ closings. Let's not turn a blind eye to that. The company is a joke
Can't believe this crooked CEO does not even update us now that we are past due on the closings YET again.
And you know this with certainty how???? 300MM shares in an hour...hmm I don't think dilution is over
Think I answers the phone or email today? I emailed twice this morning wanting to get a call with Ken as well. Let's see what happens. I think we have been slammed again. Again my thougets are they say a better bid came in for the properties last minute. I bet that will be the excuse.
I have a feeling they are going to put out a PR saying that there was a better offer on the table and the building(s) were scooped up by someone else. It will also say that Medican is diligently and continuously looking for other locations. That's the only excuse left they have not used. I hope I am wrong, I really do but these guys are shady.
Guess they didn't close the deals? Usually news at 6am EST
Unfortunately due to management I think if we do not get closing AZ news tomorrow morning we see .0002ish and if we do get AZ closing we only see .005 at best. Mangement is just horrific.
Impressive. So simply put where and WHEN do you see this going?
The ONLY reason I am thinking that MIGHT be true is due to how the price was manipulated down to achieve VERY cheap shares. I am not crediting management at all even if they did close but would rather thank those that manipulate it down to take advantage of their work manipulating it down.
So let's put thus in perspective for a Second. For this to run Like it did in march to a pre split equivalent of .54 ush it needs to run about 30,000% from its current pps. Ha!!
RSI seems to be at lowest point in a while. A reversal of strength should instantly push this to .65 to .75
Yes if no dilution then you are correct. I think there has to be some dilution to fund day to day ops but hopefully not excessive. Are you suggesting the selling volume as of late is note conversions? If so perhaps they are scheduled to end today and then news m I nday so at least the conversion debt is beh I ND us and will allow for a major run like last time when the conversion was done. Still painful though. What are your thoughts? It would make sense to have the conversions done then the revenue generating news as additional conversions would only hinder any run that is coming. Hopefully with no more conversions in the foreseeable future any real revenue generating PR will let this run well into a more healthy dollar range to attract new more stable buyers and put a market cap on the company at a healthy 250MM to 300MM dollars.
Where is the news????????
Why next tuesday??
Today should be the day we get closing news or another extension or deal fell through news right? Being Sunday is the 31st I would think today is news day.
More like 99.98% from the post split $21 but who is counting
By when? Are you forecasting that as the coming high on news?
I'm saying that the last run ran some 5000% on anticipation of closing deals, we all saw and witnessed that. What is different this time around is that the looming R/S is now behind us, and the OS is considerably lower. We don't know exactly but we do know as of 5/20 it was 135MM per the 10q. So one would think that because there are so fewer shares in the OS and float that the demand for these shares should increase "X" fold, call it ten times so may push the PPS up ten times higher. Add the fact we closed twyns and a PE of at least 10 on new revs...it starts to add up nicelt
Well those numbers aren't exact on the face of it. Mdcn did dilute since then so maybe it's not 10 to 1 anymore, maybe 7 to 1 but still an awesome setup. BUT then again with all those recent 13g's maybe we have 60 or 70 million shares locked up by institutional investors so in a sense it is like this shares being removed from the OS as these institutions tend to hold longer term so they don't get waked with huge capital short term gain charges. Things are looking good especially with those 13g's.
Now you are starting to see how I see it. Believe me, I think management is garbage but if they manage to close these deals I may have a more positive outlook on them. So yes any run from here in theory is 10 times stronger than the previous run. So a 5400% run ( was actually more but who is counting) will be more like a 54 thousand peecent run. Why do you think we have all those 13g's smart money has now loaded. We are now on the right side of the trade to $5 minimum.
If you are anticipating a run to .54 then in theory that same run should go much higher as the demand for alot less shares in the OS and float are around. In theory the run to .54 should be 10 times stronger now that there are a tenth of the shares out there assuming they would have diluted the same way pre split
I am thinking new money/bulls were waiting for this 10Q to come out pre news of any acquisitions. The 10Q will be digested by the bulls slammed by the shorts and we will resume the run into the months end. Clearly with all the cash spent the have enough to finance the deals in cash.
Past PR'S suggest both locations close by 5/32/2015...cali would be icing on the cake
Maybe...I don't know anymore. Even if the 850 was sold off at .01 we are talking 85MM shares. It's possible I guess given they diluted out about 200MM shares or so? I don't know...lost count in this mess. What do you think?
OK and....
We have six working days left until the end of the month if you strip out Memorial DY. Clearly with only 6 real days left they should know if they are going to close on the two locations or not. What is the consensus on this on the board taken their history and the recent dilution? Thoughts???
What's thin? What do u mean I see a cap load on the ask. Far from thin
Maybe, we dont know for sure. I don't see a definite day they need to cover OR brokers will take action. Am i Wrong?
Still way too much dilution for a big up day. Mexican is almost done with it thouGh. News will be out tomorrow so see what happens then. We will run but only when dilution is complete. Good thing here is that with the coming closings dilution will be no more so will run hard
It's Ken diluting the F out of this.
IR JUST REITERATED TO ME A PRESS RELEASE WILL BE OUT THIS WEEK
John did not confirm timing at the moment. He suggested there are developments happening but can not announce them until they are ready to be announced.
Don't shoot the messenger, just regurgitating the response.
I have insisted with him MANY times in the past as well as just now to relay to Ken to lower the AS to 250MM shares or at least be somewhat in line with what the OS is. It goes in one ear and comes out the other though.
you don't know that
people on here with their theories are just ridiculous. I am long but at the end of the day I think in reality as to weather or not KEN can deliver. having a hard time thinking he can
Hate to say it but that's not enough. With the R/S behind us the CEO has depleted our shares 10/1...He needs this to run AT LEAST 15,000% to keep the natives happy AND MORE IMPORTANTLY attract new money that keeps the PPS up. Not the crap we have now. Do you see this idiot running this 15,000%??????
The problem with your statement is that KEN has killed credibility so I think at best we get .02 to .03 with the double close IF it comes. Secondly in order to really attract attention it needs to go to $2.00 MINIMUM, preferably $5.00 same day as news to get real attention and rid ourselves of the doubt KEN created.
honestly we are tired of hearing that. The only BOOM going on is in Ken and John's wallet
Doubt it goes up. Because KEN diluted AGAIN he has now created a new point of resistance that the traders will take advantage of with even more shares. HUGE walls on the ask will pop up out of nowhere if this attempts to move up. It is a viscious cycle started by KEN. What a loser if I have EVER seen one