Call IR for truthful information
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MDCN Everybody wants to eat the bread but nobody wants to grind the grain.
Personally I would cover, wouldn't you?
Is it a fake out?
Somebody pull some news...
Nite blocking, wait maybe not
NITE 0.046 25000 10:13
ASCM 0.05 10000 10:12
BMAKN 0.055 10000 04/20
VFIN 0.055 10000 10:10
CDEL 0.065 20000 10:11
CSTI 0.085 10000 10:11
DLNY 0.10 5000 10:13
BMIC 0.125 5000 10:07
ATDF 0.50 36100 10:12
Edit Good morning
AsK
BMIC 0.045 10000 10:06
ASCM 0.047 10000 10:06
CSTI 0.05 10000 10:06
BMAKN 0.055 10000 04/20
NITE 0.055 10000 10:06
CDEL 0.065 20000 10:06
ATDF 0.50 36100 10:02
somethings umm...
When all the despair was kicking in....
MPID
Ask Price
Size
Date/Time
CSTI 0.05 10000 10:07
VFIN 0.05 10000 10:08
ASCM 0.05 10000 10:08
BMAKN 0.055 10000 04/20
CDEL 0.065 20000 10:07
NITE 0.095 49600 10:07
BMIC 0.125 5000 10:07
lumi, why don't you call? You found it. Ask him about it directly.
I can't imagine why...
I'm sure if you talked to him. you wouldn't use the same language but then again, I have been wrong before.
Can you please call John at IR abd ask him all of the questions plus the need for an update on Colorado and anything else and report back? I'm not calling the man every three days or so. Thanks
Call your broker on the phone
EditI looked at the 52 week high when I was first indirectly directed to this stock, I saw the 6 month ]price, learned more about why the sector plummeted and I am still learning about that now. This sector is still speculative but everyone is talking about it, Republicans are understanding the benefits of medical marijuana and when I spoke to my father about it, he clued me into things that are happening with laws and the Dept.of Justice, the state laws etc regarding it. I would have never thought I would have had that type of conversation with him. Guess what I just put money into? Lol This is much bigger than a couple properties that people were talkingabout not too long ago. There is a forest through the trees here. Over at $LTD, we discussed the issue of a reverse split and we had more time to do it. The company disclosed it to us and we went through the different split scenarios, 10:1, 25:1, 45:1 etc. The reason for he split was managements desire to leave the OTC for calmer waters at a higher share price where institutions would take notice and investors would want to put their money in something more grounded. With Medican, I got that feeling talking to John and I read in other peoples posts some of the things he refered to regarding the stock, the way it has been traded and I concluded that I have found a similiar tone to the things that have been posted and said me over the phone.Is Medican doing the split to raise money? Yes it is definately possible. Is Medican doing the split to Uplist? With the topic on everyones Tv, they may be setting up to lead this wild pack of dogs right up the middle of Wallstreet
Edit: I found this just now. They talk about a shareholder base in the last few sentences. Hey, that's us. :)
http://www.microcapdaily.com/medican-enterprises-inc-otcmktsmdcnd-gets-the-extra-d/110391/
”MDCND is my second penny and second reverse split ($LTD) which I held through as well and I am still holding. I know I can't keep getting lucky with all of them but with both properties set to close, Medican Nations, Colorado aquisitions possibly soon and other upcoming news. I cannot ignore what is here. Here is another good quote for all of you, appropriate at this price level too :)
“I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime. Even people who lose money in the market say, ‘I just lost my money, now I have to do something to make it back. ‘No, you don’t. You should sit there until you find something.- Jim Rogers
I am holding 100,000 shares of MDCND after the split. I am not selling them and what I have read today is proving to me, I believe there is huge upside coming. Longs unite and do what the famous trader Jesse Livermore once said.
“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: it never was my thinking that made the big money for me. It was always my sitting. Got that? My sitting tight!“It is no trick at all to be right on the market,” he adds. “I’ve known many [traders] who were right at exactly the right time, and began buying or selling stocks when prices were at the very level that should show the greatest profit. And their experience invariably matched mine; that is, they made no real money out of it. [Traders] who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make the big money.”
When I talked to John yesterday, the IR rep for MEDICAN, he said feel free to call me anytime. I will and anyone who is interested in the company and has questions should do the same thing. See my profile pic.
I agree, they do not care about the day to day price. Call John and report back.
I spoke with John yesterday. I asked about the properties and he said they are still working on closing them. He also told me that he is often misquoted on this forum. I can tell you for a fact that he told me that one of the reasons that they did the reverse split was to get away from trading and more have more investing. Please call him and ask him yourself the questions that you would like answered. Believe me, he gets a lot of calls when the stock is down. They are working on acquisitions in Colorado as well. Please go back and read all of my posts here. I bought stock and then added to it. I did not sell when the reverse split happened and I will not sell in the short term either. He said read the news releases. If the deals were not going through, they would have to release that info. Call the man yourself.
Yes and with the reduced share count we have right now, I wouldn't e standing on the launch pad, it gets pretty hot.
John said that they did the reverse split to distance themselves from the half penny flipping stocks. This says to me that don't plan on diluting but rather leaving single pennies behind, imo
Edit:I went looking for my free L2 on otc and I can't get it. I tried MDCN and MDCND. Any thoughts?
I also got your message lumi, thanks
Edit: MFI on tradingview is turning up
No private message here: Thanks for your response
You don't think we should get our hopes up for anything but an 8k? Someone on here not too long ago was saying that we were going to see a $1.25 in the not too distant future.
We (may) get info before the open on Monday or as everyone is continuing to sell on this reverse split news. I remember where someone said they heard from IR that the company wasn't making moves to manipulate the stock price. They are making moves that affect the company. We will soon see what the answers are to our speculations. Good night or now morning :)
Yes I remember you sharing this post before with us. Well, something may have occured as a result of them getting close to finalizing the properties. I smell an aquisition or merger or something to that effect. I may also be completely wrong. Thanks lumi
I have a new thought regarding what has happened and what others have posted. I believe MDCN (MAY) have some news to share with us they they feel is worth having the share price being reworked to show the higher share price. If they did not need to do a reverse split as others have said perhaps the reverse split and the attention it is giving the stock right now is a lead in to another PR? If a company has what they believe to be really good news, the share price has a better starting point as well as the reduced shares that move when you breath on them, new eyes on the stock, bigger money coming in. Maybe the property news has been put off to actually perform the split, PR something new and add the properties in as well? It could very well be that the man who climbed Everest wants to go to a bigger board as some have speculated?
I wonder... Where is this company going with this?
I have heard what many have said after calling John at IR. I may have to give him a call.
CJ, read my earlier post. I have only been in one other penny and I am still in it. Sltd. We just uplisted. You cannot say to me that all reverse splits are for dilution. It is simply not true. I am speculating at this point with MDCN but I am not putting any absolute answer on this as others are here.
There were also alot of people running around jumping up and down here not too long ago about MDCN, posting all the news, people were excited and what happened? Where did these people go? Did they all expect there 1 cent stock to run straight to A DOLLAR with absolutely no split? Organic growth to millions of dollars? Let me add my time stamped post days before the reverse split happened and the answer I got. Pay close attention to the company where I asked.
Three days before the split I asked...
PaperSherpa Tuesday, 04/14/15 08:03:18 PM
Re: RationalOptimist post# 940
Post # of 996
You seem to have a good outlook on this stock. Have you all had a R/S to get to your pps? The reason I ask is because I am in MDCN and I would like to see forward. Hell, I'd love this PPS over there. Thanks
The answer I received
RationalOptimist Tuesday, 04/14/15 10:48:07 PM
Re: PaperSherpa post# 983
Post # of 996
No R/S here. The folks behind CBDS are running this like a big board company (which it will be soon). The idea, as I understand it, is to change lives not milk shareholders. I'm in MDCN too. I believe in Gary Johnson. He's an honest, hard working guy with a real fighting chance for 2016. He's too smart to risk his reputation cutting corners here. GLTY.
$CBDS $MDCN
Big today tomorrow! http://edca.typepad.com/eastern_district_of_calif/2015/03/schweder-marijuana-case-postponed-again-hearing-april-15.html
Here is my message over at SLTD regarding our split that happened there.
PaperSherpa Saturday, 04/18/15 02:43:29 PM
Re: None
Post # of 43921
Hey everyone,I've been dabbling elsewhere :) What was our pre split post split prices, how long did the conversion take on the shares and what day did we uplist? I am trying to put together a post on another forum from what just occured there on Friday, 10:1 reverse split. Maybe hearing our story here may help a few people there, thanks.
Here is my message answered.
JoseSD Saturday, 04/18/15 07:45:44 PM
Re: PaperSherpa post# 43917
Post # of 43921
Let me help you whith some of your questions. Please double check the info since I may make a mistake here and there.
BTW you can check Sprech annotated chart...with most of the key dates...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=112216413
With these dates you can go to StockCharts.com and really see the highs and lows for those days....and the gap between some of the days.
To your questions:
- FROM MOOONSHINE´s 36333 POST. The SLTD ticker closed Tuesday (2/24/2015) at about .18, and after the 26:1 split opened Wednesday (2/25/2015) trading as "SLTDD" (to indicate the split had occurred) at 6.50, reaching a high of 7.50 before consolidating and closing at 6.25, a remarkable one day gain on volume of 46 thousand shares. Post split, the total issued and outstanding common shares will be slashed from about 381 million shares to about 14.7 million.
- Reverse split was announced on 1/14/15. Reverse split completed on 2/25/2015.
- First day trading in NASDAQ was 3/4/2015. It was announced on 3/3/2015 together with a bunch of news: closing acquisition of MD Energy, Public Offering with Cowen, Q4, FY and 2015 estimations/guidance...
That day, 3/4/2015, the stock when from $5.70 (closing 3/3/2014) to $3.75 (3/4/2015 at opening) and $3.10 on 3/4/2015 closing.
Just as an advice...
Please keep in mind a lot of people have shares locked (people couldn´t trade for almost couple of weeks...some people at least). Also, SLTD had a clear purpose to reverse split = NASDAQ. There was a public offering at $4.15 in the very same day as going to NASDAQ....and the rest is history.
My point is....you need to know what the other company is doing....why...who....when....purpose....etc.
I hope this helps.
If any errors...please correct.
Thanks Jose, I appreciate you digging all that up for me. Yes, I'm sure we will eventually get down to the why this upcoming week.
I'm not sure why we were not made aware of it Lumi but once again, great DD.
I watched and wondered at the gym what was happening when the news came out on Friday. Someone messaged Reverse Split! Get out! I paused, got nervous and then collected my thoughts on it, deciding not to sell. I just see too much upside with everything happening and the chart techs to get shaken out. (I may be wrong) but if I'm right, the pay off is worth the risk.
What I am seeing from what has happened is that this is actually something that is drawing a lot of attention to MDCN, a unique PR for sure. People are still interested in the property aquisitions. New money is hearing about the reverse split that just happened. I hear a lot of people chiming in on how this will be a short fest. What happens if a PR is released that completely blows away this reverse split? All of the shorts caught off guard will create a huge short squeeze.
My question to you all, Has the smart money left or are they just now showing up?
I can't think of a better way to free up a sizable amount of shares to purchase. Big buyers need volume. They will get more on Monday, cheap too.
Edit: Hello everyone, my what a wild week we have had. Shorts must be rejoicing. Canadians shorts must be crying tears of joy that they have been spared having to cover at high levels. MJ stocks are anticipated to be heating up. Obama is airing tomorrow night talking about medical marijuana. Gary is running for the Libertarian Party. And MDCN is headed down into the trips from a reverse split. Wait a minute, what?
I've never seen an OTC stock do a reverse split and benefit from it, oh wait, I have actually. The very first OTC stock I have ever been in and I am still in. SLTD. We uplisted recently to the Nasdaq. 1:26 split
I think there is something bigger going on here. Possible major loading at this level we are at now.
I didn't sell.
Anyone have thoughts regarding my last post here? I didn't realize I would have to ask a follow up question to it. Does anyone have thoughts on the r/s that just occured? If so, please come over and share them. Thanks
You want to short, repurchase a stock I am down over 50 percent in to turn around and buy more SLTD?! Sounds fair to me, MDCN. Carry on.
I'm still long here ;)
Hey everyone,I've been dabbling elsewhere :) What was our pre split post split prices, how long did the conversion take on the shares and what day did we uplist? I am trying to put together a post on another forum from what just occured there on Friday, 10:1 reverse split. Maybe hearing our story here may help a few people there, thanks.
Here is the truth.
Nobody knows where this stock is going today.
It is my sincere hope that it leaves all the supposed longs who sold with open mouths chasing up to a higher level like, let's say .05 for today.
I am not terribly concerned about the shorts and bashers and flippers. It those who have been jumping up and down with pom poms only to drop them when the wind blows wrong. Shame on you.
Thank you Lumi for your posts and a few other posters that I take the time to go over in my head.
Thank you Croaker for not setting one big sell, myself and I'm sure others appreciate that. You have very strong hands to hold the share count you have from the level you bought at, good for you.
This is a hunt and you are either a Lion or a Hyena. Lions go in for the kill, Hyenas quickly scurry in for the scraps and run away just as quick.
What are you?
1,000,000 shares long
Go MDCN
I saw asks like that stack up 2 minutes before Gluu exploded, I sold before earnings and big asks like that helped make my decision easier, made 500 instead of 5000. Not this time.
Thats terrible, I set all my bids at 0.0135 thinking I might have to raise them after I got home from work. Nope, 550,000 at 9:34 completing my million shares. I made a really good guess last night.
Good morning folks, I've been away from my computer.
My orders filled at 9:34 for 550,000 shares
My total stands at 1 million and I'm content. Now I'll go read some morning posts.
Edit:So you were shorting this earlier correct and I saw where you accepted your loss and you have become bullish on this stock now? That's good because I see by some of your earlier posts and this one that you have a good head for this stuff, glad to have you going up with us instead of down.
Who has a share price prediction to share, where do you see it by the end of the month?Year? Another question, for anyone who has been around awhile, did this stock issue a reverse split on the way up the last time?
And Andy, you aren't really posting for the first time acting like a desparate short are you? What is this weird reverse psychology you have going on? Shorts mindlessly bash and spam or whatever and don't panic and run around in circles screaming for help, cover if you are for real and run with the bulls.
Well, I just baited all my hooks for the morning. I'm looking for 550k to go with my 450k. Who doesn't want a million shares of this?
How about you stop chewing on your hair and cover so I can get some more shiny pennies? omg k thanks bye
heh heh
Tag my fellow informed money makers. Your it. Found this just now... 3 posts remaining. Yep, this is much bigger than a couple buildings we hope are closing. This is really big, Captain Kirk Final Frontier type big...
http://www.kcci.com/news/senate-debating-medical-marijuana-expansion-right-now/32380786
Re-Edit: New people to this stock read carefully. The 10K is for 2014 and things have progressed further since then. We are currently awaiting property aquistions and company news through a PR.
I must admit, when the 10k came out and people started scoffing, I thought great, I know what I'll be doing tomorrow, sell sell sell
BUT
Since we seem to have so many well informed people here that read between the lines, I kept reading posts regarding the 10k, start up company, etc.
So now Tman drops what Obama is thinking about all of this...
I needed a head check. Thank you all for posting. I'm not selling.
When can we expect the property pr, Medican Nations info etc? Anyone been digging? Found nothing on my end.
Tman, lol, yea I think a couple people were thinking what we're saying, ha ha.
Excuse me? I'm sorry but I'll use a post for this. You think we had a weak run today? Do you realize that a very successful few get 5 to 10% gains on a consistant basis let alone over 30 like we had today? Suppose we have several more 30 percent days in a row, in a row. I'm sorry but that's just incorrect on your part.