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Why do you think there was a buyback last week when it ran 150%? Why would they buy back and then dilute? Does not make sense unless I am missing something with the logic?
A thousand percent run would be great but from .02 is not all that impressive. Maybe if it runs a thousand percent from .10 then at that point at least it puts us at $1.00
I don't think there is going to be news, even though IR hinted toward it. I can be wrong but usually news comes out at 6am EST or 8am EST, not every time but many times. Last I talked with IR, John suggested a pr would be out as the company is working on one but he did not say what it was about. So maybe with the huge decline yesterday they are scrambling to get it done so who knows if it will be out today.
and then immediately knocked down to .016 on 24k shares. tells me they are diluting at .015ish
That may happen but the problem is a nice run (500%) lets say is not going to take us much higher than where we were even pre split. Even with this news its like taking 3.5 steps back and 4 forward only gaining a half a step...MAYBE. Management sucks, simple as that
From IR seconds ago:
There will be PR on the closings when they are completed and done.
In the meantime I am told they are working on a news release but I don't know when it will be released.
yes someone has to be held accountable for not being able to sell your own shares. My guess is it points to the company. Maybe they are going to pout out an LOI on loosening up everyones shares
No here is the thing. I have had conversations with management and told them what the companys perception is amongst the investing community. I told them to be transparent, told the NO MORE LOI's a long time ago and what do we get, an LOI. I told them no fluff PR and told them to update shareholders simply with a brief progress report. None of this was done. I smell a class action coming soon
It is not coming of D next week, it takes 20 business days so that puts us at May 15th. Stop with the lies. CEO is a joke. He hides and NEVER answers investor questions nor does he follow up on requests for a conf calls. That fruit looped choade needs to resign
None of us can sell our shares either!!! There has to be something criminal about that. Thoughts???
Ken Williams needs to step down. He has the brainpower of a fruitloop.
Problem here is that the company is perceived as a joke so the shorts and flippers have a field day with it
Still too many shorts and flippers around. Medican failed at the theory of a R/S to move away from shorts and flippers.
So does the D come off after 20 calander days or 20 business days or does it come off when the new shares are released?
Shorts still have control of this as we just saw they were able to drop it almost 20% in a flash. Until we get news that permanently scares them away they will always have control. Letters of intent CLEARLY do not cut it.
I think the OS after all dilution is over will be around 100M. Still a VERY respectable number. That figure will give them around $5MM in cash at a share price of .05. That should cover the cost of the two buildings as well as the branding deal announced the other day. At 100mm OS and a float somewhere near that number this should trade much higher. I still stand by my thoughts of settling up 20,000% at a minimum, or $10/pps
Share structure update as of yesterday.
Float 46Mm
OS 60MM
AS 1B
volume is lacking...need to hit the ask
yes and I still stand behind that BUT the pr this morning was a "letter of intent" and clearly you can see how it is being taken by the market. Ken Williams has not done anything YET. He may but a letter of intent is just that...intent. Nothing is signed. Just saying it like it is
Ok I see where you are going with this. Do you really think the purchase will be in restricted shares? I am going to assume common shares. Besides the PR says "intent to purchase". Medican management has not purchased anything yet. this deal is not closed either...
It is ok news, not thrilled at all as is reflective in the pps. why is the acquisition only in stock good?
I don't think this is going to stay green today. 1.5 MM shares in 20 minutes tells me still way too many flippers and shorts here. Unfortunately I see a down day as this is the news that is not expected. We are looking for closing deals news.
Agreed, the circumstances here are far different than any pink company I have seen bloated with 10's of billions of shares. R/S, although we all bitched was done orderly as to not affect the PPS all that much. I personally think, from snooping around that the deals are finalized and will be announced in the coming days. I also think the company has strengthened immensely its share structure and pps going forward by removing itself from those sub penny MM's and flippers. The hard times are now behind us, now it is up to the company to release news in an orderly fashion that would maximize all value. That starts this week from what I was told earlier today.
I have a feeling we will get a PR sometime this week (while shares are still locked for most) suggesting both locations have successfully closed. I think we will also get, perhaps in the same PR that MDCN is actively persuing a location in CO as well. We also may get a pr or in the same pr something about the progress of Medican Nations. We also may get an official update about the share structure of MDCN. With so few shares around it is going to be very hard for them to cover. Ladies and gentleman I think we are on the verge of a MAJOR MEGA SHORT SQUEEZE.
Only about $120k traded here today. When news hits of dual closings we will trade tens of millions of dollars worth each day until all the whales are satisfied and have their fill. That will EASILY push us up to $5.00. Then the whales will hold at those levels and add more as revenues start to pour in. When the company turns a profit fugetaboutit!!!! $45 here we come!!!!
I have seen some penny stocks with major news (meaning they now generate revenue) run 30,000%. Couple the R/S in with medican and the miniscule float and OS, sure why not run 10, 15, or 20 thousand percent.
Sure, why not, FITX went up 12,000% based on fluff. When Medican signs deals it will signify major revenue. sure this can go up 10,000% in a flash, even faster than FITX. check the charts
probably will have to move it to the ask
Right and that is why when news hits this will run to all time highs in a flash. Supply and demand will dictate the pps.
You're welcome. I do what I can. I get a lot of flack on here about not proving what I say but at the same time I try to keep my IR conversations private between IR and myself. This was not all that specific so I shared it. No one wants this to go to $45 more than me so I hope I proved that just now. Holding for the VERY long term.
how do you post an image in here??
Yes and over a few day period of time as word gets out it will run 10,000% (in a few days). a few months from then it will stabilize up 20,000% with some spies in between that will be sold off into
FROM IR THIS MORNING
Good Morning:
I'll check into it, however as far as I know it has been all taken care of.
My own share at a discount broker were all transferred over early last week.
Have a great day and maybe we'll have some news this week.
Regards,
JOHN
--------------------------------------------------------------------------------
Date: Mon, 27 Apr 2015 09:11:05 -0400
From: jxxxx@xxxxxxx.net
Subject: RE: 150219001-1.pdf
To: hanky68@hotmail.com
Hi John,
As of this morning all the brokers I suggested in my last email still do not have shares. What has Ken said about this?
Thanks
send some emails out...do some work
THERE WILL BE NEWS THIS WEEK...TRUST ME
I am new to understanding he REG SHO list so why is it that you think they have to cover? what about the list suggests so? I just see more shorting going on
So maybe news out this week with some buying pushing this to .25
The six month chart is a thing of beauty...and that's what the shorts are afraid of.
$25.00 IS on its way shortly...I stand corrected!!!
He should be worried about his credebilty as it all starts there. Wasn't one of the past PR's (about the delay of the building) due to the appraisal not coming in sufficiently? What happened with that excuse? What was being done to negate that issue if it really was a reason for the "delay" in closing.