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It was for just about 10% of the AS in april when they bought, equating to about 5% with todays OS. HOWEVER, the last 13G was for 6MM shares BUT the AS was much higher at the time so the % of the company bought into with last nights 13G is greater. Anticipating a larger run than last time especially considering less shares are out there this time around. Simple supply and demand will be working on longs side.
Bid is starting to move up. 13G filing will propel this 10,000% in a few days.
Trimming the fat...GOOD!!! Besides Brochstein is a pimp WRONG 75% of the time.
My thoughts...
If last nights 13G can push this up to a buck in the coming days and the company can put out either a pr suggesting the buildings are closed OR at the very least a shareholder update on the progress of the closings it would help create transparency and probably create more investors as opposed to flippers. So from a buck and then we get closing news we then attract MANY more institutional investors to push this well above $5, $10, $20 in a flash.
I emailed IR to suggest some sort of shareholder update on the back of this 13G, lets see if they take my advice.
Exactly! Hmmm maybe that's why all the MM's were batting it down and probably collecting all this time.
Thinking MUCH higher than a nickel. Another run of 5400% from .02 puts us at $1.10. BUT considering the stake on the 13G is actually larger this time around as opposed to the 3/23 13G AND the fact that the A/S is about 5 times smaller simple economic laws of supply and demand can take this MUCH MUCH MUCH higher....closer to $2.50 instantly
LAST NIGHTS 13G SUGGEST A LARGER STAKE IN THE COMPANY THAN THE 13G FILED ON 3/23
CHECK YOUR CHARTS FOR 3/23/15!!!!!
Last 13G institutional Buy 3.23.15 sent $MDCND 5400%+ in days. Another 13G was Just filed.Don't miss out!!!!
Last 13G institutional Buy 3.23.15 sent $MDCND 5400%+ in days. Another 13G was Just filed.Don't miss out!!!!
Looks like Blackbird get Capital bought 5mm shares? At least some light here...
I tried that in the past with Ken. He told me he had a "concept" then never answered back on a meeting call. Don't be suprised if you get blown off too.
I would agree with you under normal circumstances. However when you have a company that can barely close a deal, never mind 3 deals and keeps delaying and dropping deals the perception is that this is a share selling scam. Hey I am long as I assume you are as well but they need ANY advantage they can get and right now I don't see anything better than a significant AS reduction to compliment any further news or we will simply get a replay of today.
Yeah don't you see the market telling you that something is wrong here? Bloated AS is NEVER a good thing!!!! He needs to shrink the AS waaaaay down THEN pr the properties IF they actually close them. But hey then there are no shares left to line pockets....
He really is stupid. All he does when he goes on stock radio is read from a script. It is plain as day when he speaks. He has no clue how to put out a PR. On top of that he gets annoyed and an attitude with some when you ask him pressing questions. He is a waste. I think if he were gone and Ken Williams were gone and we had someone capable steering the ship and someone capable relaying the proper info we would be in a better spot.
Problem here is:
1) IF and its a BIG IF they close the deals on both sites. It is hard enough for ANY company to close one deal let alone MDCN closing 2 transactions given their track record.
2) Available shares are and will continue to kill any small run we get. Yeah, IF we close both deal we may get .03 - .05 but with 1 Billion shares out there at the company's disposal that will not sit well with investors.
I don't see this going anywhere with 1B shares ready to go and the market is telling us that..CLEARLY
The thing is does Ken Williams care? Or does he just care about lining his pockets with 900 MILLION more cheap shares. 900MM more shares at .02 is $18MM dollars, pretty hard not to like that lining my pocket.
Ken Williams please reduce the A/S to 100MM!!!!!
Only way this will have legs
That's silly. It is never thin above any price as the MM's just keep adding to the ask with these mystery shares that show up and then disappear. Watch your L2, you will see what I mean. For instance watch CDEL. The only way this will move TODAY is if some real deep pockets come in and continuously hit the ask. Doubt that happens though but we shall see.
ok so minus out those converts. problem is who knows what that exact number of converts are as of today. we better hope its not 800 plus million in converts. but yes a reduction by half is not all that much. Ken needs to make a real impact on the share structure. The company is badly hurt reputation wise. he needs to show he means business
No that will be viewed as fluff. We need a MAJOR restructure here. Again he can always increase the as as needed at MUCH HIGHER prices with a smaller amount of shares to attain the same cash value.
No you are wrong. Reduce to 100MM or around there and the PPS will skyrocket. Now that the rs is behind us they can always increase the as down the road as need be. With the as currently at 1B this is perceived as a printing press. If today's action does not depict that then there is no hope for any longs at all. So yes reduce now, get the PPS up then gradually increase the as when needed. Also at a higher PPS you will need to add less shares to the as. It's basic economics. The investors took it on the chin one too many times, now it is time for the company to tighten it's belt for us.
The OS of 95MM is not the issue here at all. A 95MM OS is actually VERY VERY low and VERY healthy especially given the R/S is now behind us. The problem is the A/S still sitting there at 1B. I have emailed Ken directly as well as IR to suggest to lower the AS to 100MM shares. This is simple economics 101 the less of something the more it is worth. With the TWYNS deal now closed this actually does show they can close on deals and generate revs but forward looking it is a problem to have such a bloated AS. I think if he reduced the AS to 100MM today we will see this soar to 50 cents. That would sustain a solid base and if and when they then release building news then we can run solidly from 50 censt well into dollar land...multiple and multiple dollars. Only way to do it is to reduce the AS.
The available shares needs to be reduced drastically. I don't care if the came out with the cure for the common cold and cancer and aids all in one PR, without the available shares being reduced to around 100MM give or take this will go NOWHERE. Simple as that people!!!!
ok, even better
THEY NEEEEEEED TO REDUCE THE A/S DOWN TO 250MM IN ORDER FOR THS TO RUN!!!
I just emailed that to IR and to pass along to the company.
Another problem here (that the company now created) is following though on now a THIRD acquisition. They now need to get this branding thing done on time and with no hiccups. I will say this: Either management has a set of balls putting out three acquisitions in progress and is betting they will indeed close on all three OR they are just laying the lies extra thick to bait more suckers. Honestly at this point while the acquisitions seem possible, looking back at the companies history it is not so telling. I think the only way this company turns around and starts trading at respectable levels ($10 or so) is IF they close all three deals. Who knows maybe they are gearing up to release all three closings in close timing to one another to triple punch through the market.
CDEL will keep this capped at .0365 all day with a half a million on the ask.
Problem here is that longs sell for any small profit...going to be nearly impossible to break out of that cycle
We got an 8k on Friday suggesting the purchase of the branding company for $1MM in stock so seems like that is a legit done thing. I expect a PR to follow up on that either today or in the days to come. Now, in the past we ran (pre-split) from .0007 to over .05 on anticipation. One would think that with solid closing deal news we can run to 50 cents post split adjusted. We shall see. Hopefully we get a string of PR's in the coming days. One for the branding company, one for the 7200 sf facility and one for the 67,000 sf facility. Sky is the limit with those PR's. It is now up to the company.
Right and that is similar to what I had posted about a week or so back. That is a 5000% move so from this current level puts us at $1.00/share. Now we are starting to talk and starting to attract new investors at that level.
me and my shares hope you are right. Only way I really see this going up big time, meaning 50 cents MINIMUM is if there is some sort of short squeeze. It is hard to have faith in this one
investors (most of them anyway) will sell into any news if there shares are now available and in turn that would now free up shares for shorts to short more and drive it right down even if it reaches .07 - .08 range. I am not understanding how this is good for investors. Keep in mind this is how the market works and there are shorts out there
I don't see how that is advantageous to any long investors. If they release all shares by Monday or on Monday and release news of any sort it will just allow more flipping and selling at the .06 range. Unless I am missing something???
RSI is due for a hard bounce. Currently at 39, should bounce to 70 with any solid buying pressure. RSI at 70 should put this at back to .25 minimum, which can happen in minutes.
Yes that is possible. I would think the branding acquisition would be comprised of all restricted shares so I guess not in the common share count. That is a guess on my part. So the dilution should take care of the other acquisitions.
Funny cause about two months back when Ken did talk to me on Linked in his exact words were "he had a concept" and thought I might be interested in hearing but he never came through with a conference call or what not. Could it be to lock out shares up and then hit the markets with news? Forcing shorts to cover 1,00, 5000, or 10,000 percent higher? Hmmmm interesting as we are now waiting for three real news releases, the two buildings and the latest branding deal.
Seeing as on a non dilution regular trading day post split we tend to trade 5MM shares per day. Yesterday, being we saw 30MM shares it might be safe to say they diluted about 25MM shares at lets call it .02. That would net them about $500k. Since the split we have had many high volume days that traded at .04ish so when you add it all up it is probably enough to buy at least one of the buildings cash. Perhaps the dilution is over and they can now prove funds and move forward with closings.
So when people on here scream "thin on L2" they clearly have no clue what they are talking about. MM's pull out shares all the time and all the way up on the ask side to create "walls" of resistance sort of speak. Maybe it was good that the company did the R/S so that instead of there being 500MM shares out there that can be "put up as a wall" by the market makers, now there is considerably less for them to do that with. Thoughts?
so basically the odds are stacked against you...like a casino
Can someone please explain to me while viewing L2 on IHUB I see 10k on the ask at .0235 and 10k at .0231 on the bid. How is it that about 60k went through at .0235 however the ask did not get bumped up to .024? Where do these shares mysteriously come from? How is that legal?
News (if there was any) would have been out at 6am or 8am. there will be no news today unfortunately. Maybe Monday. I know because I used to edit PR's in the past for a market commentary provider. They submit the doc and it is uploaded at the time you suggest it goes live
yes that is his email. the other email just gets forwarded to him but email him directly at hanky email as you stand a better chance.