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yup
reward looking pretty thin on this one now.
Ken dropping all things Cal and Arizona.
Pursuing other interests in Chicago--In other words, going home.
10 billions increase.
nothing to show.
I don't think Ken Williams or others care one bit if this goes to pink and further down.
I also think it would be wise for anyone involved to stop guessing what their intentions are.
The only intention investors in this stock should be concerned with is that the company has the intention to take your money.
absolutely shot
'pursuing other interests in Chicago.'
LOL. you mean where he lives, so he doesn't even have to pretend to be running a company anymore.
reverse split followed by increase to 1 billion AS followed weeks later by Gary leaving and AS to 10 billion.
one PR stating that they're going to be paying someone in California $9,000 a month to rent a space and we don't know where exactly that space is.
'this is an exciting year for MDCN!!
Me phuckin too.
damn this one sucked!!!!
Like I said, sorry it's a surprise.
Housing bust
Enron
Maddof
Carnegie
So many in the US are trying to make a quick buck.
GLTY but taking care of people who are trying to make a quick buck on penny stocks when there are plenty of full reporting stocks that also see huge returns isn't a priority of the US government.
Personally I don't think it should be either.
You have other choices.
CDs
savings
mutual funds
real estate.
Penny stocks are for gamblers. Am I wrong?
The US is home to the best scams in the world. Sorry that's a surprise for you.
Pugilista
just curious. If the price just keeps dropping and dropping do you have a stop limit loss?
Will you get out at .01?
.oo1
.0001?
Will you stay long to no bid if it goes there?
SEC posts warnings, it sais it everywhere. Low reporting companies. Tons of fraud.
If you're gambling here I hope you know you are gambling.
Further---anyone who invests in this type of deal is looking for a "FAST" return. Sometimes it works sometimes it don't.
If it was that easy and safe a place to put your money everyone would be doing it right.
Pride before the fall---translation "I thought I was so clever because I invested in a pot stock"
Hopefully those who didn't already know this learned it good on this round.
GLTA
maybe see you on other boards
this one is pretty clear.
MDCN will be paying $9,000 per month to lease this property from the owner. They will also be fitting it out and providing upgrades to grow there.
They do not own the building.
Oh wise sage whose alias is almost a whole month old.
just curious if you think they have one last pump in them.
It doesn't look like it to me as it's traded down on almost every bit of news lately but curious if in your infinite wisdom you have any thoughts?
Just playing by the way.
When is THCZ going to file something? Any scrape of paper would do.
I would think that with the many millions that all the longs here are "counting on" that they could afford to hire one measly little accountant and at least let you all know how things are going.
NOPE. Wonder why they haven't?
It's not because they can't afford it? That much is really clear.
Could it be because they don't want to let their share holders know what's actually going on with share structure and the like?
Not one legit submission to the sec regarding operations.
Oh well.
amazing how long it's taking this stock to bleed out.
why is that?
MDCN is not receiving $9,000.00 on the lease, they're paying $9,000.00 a month to lease the space from them. This is obtuse in the PR but clarified in a later article. Further they would have PRd the acquisition if they had a building to lease out.
They don't.
reverse split.
I looked it up. It's simple.
Reverse split only effect the OS. The AS remains the same.
I believe the company gets the 9 out of 10 shares put back in their war chest.
You would think so.
more digging is needed.
You're not missing anything.
All they have to do to raise AS and reverse split is vote to do so and that's what they did.
AS=1,000,000,000
which occurred at the same time as a 10 to one reverse split.
nice right?
I think the cat is MDCN long
Riiiight?
If Medican is one of the leading companies, who's following?
Hopefully none.
thanks for the late day giggles
did that leave both of your souls exposed?
thanks
that's fun stuff to keep track of
BRCOG
Very hard trying to find anything on the lease deal with BRCOG
Breeding Rare Cannabis Original Genetics
Company Overview
Breeding Rare Cannabis Original Genetics is a corporation based in California and it's registered under Entity number C3549848. Breeding Rare Cannabis Original Genetics was registered in 04/05/2013. The company's status is listed as Active as recorded in documents filed with California Department of State.
Entity Number
C3549848
Entity Name
Breeding Rare Cannabis Original Genetics
Date Filed
04/05/2013
Status
Active
Address
3940 Laurel Cyn Blvd Ste 1071,
Studio City Ca 91604
Jurisdiction
California
Agent
Robert White
Agent Address
3940 Laurel Cyn Blvd Ste 1071,
Studio City Ca 91604
News Today
The news today reveals more on the California lease,
Medican Enterprises Inc (OTCMKTS:MDCN) Closes A Leasing Agreement With Breeding Rare Cannabis Original Genetics Inc.
by Kyle Landeck
June 11, 2015
Science
No Comments
12 views
Medican Enterprises Inc (OTCMKTS:MDCN), a leading biopharmaceutical company and merchant bank has decided to expand its leasing and real estate capabilities to California. Amongst many other initiatives, the company has closed a leasing agreement with Breeding Rare Cannabis Original Genetics Inc.
Where This Agreement Will Lead To Both The Companies:
As per the information made available by Medican, Breeding Rare Cannabis Original Genetics Inc. owns a host of outdoor greenhouses, indoor warehouses, and second to none R&D Properties. As Medican and Breeding have entered into a leasing agreement, the former will lease its indoor and outdoor properties to Medican for as much as $9000 per month. Under the terms of this agreement, Breeding will lease out its properties for at least five years term. The company has the right to extend this tenure for another five years, provided the minimum terms are met.
When it comes to lease improvements, Medican will look forward to providing the same by way of equipment, financing and grow technologies.
The senior management of Breeding Rare Cannabis Original Genetics is delighted to have entered into this agreement. According to R. White, Chief Executive Officer, Breeding Rare Cannabis Original Genetics, Medican Enterprises Inc (OTCMKTS:MDCN) is one of the leading biopharmaceutical companies in the world. It’s a proud moment for the company to secure a leasing agreement with Medican. The synergy that this association brings will help the company enhancing the productivity of its R&D and production businesses.
The targeted property is situated in the Anza area of California. It’s the first project among several that the company has planned to execute over the coming months. In 2014, the overall cannabis market was worth $2.7 billion in U.S., 74% more than the year before. With California sharing 49% stake in the cannabis market, Medican doesn’t want to leave any stone unturned to be a part of this exponential growth.
today it's going to dribble along in the 31 to 34 channel until exactly 3:38pm then it's going to go up a bit and settle in the mid 3s range.
after that I don't know. I have to get the bulb in my crystal ball fixed.
I'll let you know tomorrow.
no revs.
just pay pal and some billions in his pocket.
but that couldn't have been what gave investors confidence in him?
must of been the car thing.
The evidence.
A while back the longs did lots of DD on the property sale in AZ.
Here is what I posted regarding that sale.
I think it still stands today as strong evidence that a sale was very likely.
Quote
property sold.
I know others have posted that the smaller property, the dispensary has sold.
Here is at least one link showing this
http://www.cityfeet.com/cont/forsale/ln17828768/10040-north-metro-parkway-west-phoenix-az-85051
It looks very hopeful that this property is now owned by Medican.
It's almost impossible that it would have sold to another party as they couldn't have terminated the contract to sell with Medican and started a new sale that quickly.
That it is appearing as NOT AVAILABLE anymore on Cityfeet's website seems very Hopeful!!
Cityfeet;
http://www.mogullrealty.com/press/cityfeet-com/
It looks like the only other possibility is that the seller managed to back out of the deal which seems unlikely. That would seem like a difficult secret to keep at this point.
I'm thinking good news next week.
As for the naysayers, concerned with the OS and AS I agree these are challenging issues but once this acquisition is announced it's a momentum that will hopefully knock out a lot of the doubts and we'll be headed GREEN
Again, I'm very hopeful going into next week.
End quote
All evidence says yes
and we're waiting for a strategically timed PR
which will probably be released when this thing is already
in copper
That would be great.
Additionally that they almost did that deal but walked away makes me more impressed rather than not.
That licensing got pretty ugly but that the Medican management knew how to maneuver around that deal shows that they could be hovering around other Canada deals which is pretty exciting.
just my thoughts.
agreed
I think we've been watching true dilution for the past three weeks.
MDCN traded more today than there are authorized shares left to dilute.
I think we're done having to worry too much about it.
dilution has definitely happened.
You must be saying it's not finished.
I'm thinking based on the fear of dilution being put aside this company could handle a move to a 40mil market cap that would put it well into the .03 to .05 range without to much news.
After that I think we would need some pretty juicy news that could be substantiated with a few google searches.
Interesting so we're trading up with a potential 222,000,000 potential new shares coming, but it seems unlikely that they would all have been given out to lenders for dilution.
The company would probably want some to hold.
Looks like dilution is over for the time being.
one question
do you know what the a/s is?
Zennabis deal
One of the longs pointed out few weeks back that the move away from the Zennabis deal was smart on the part of Medican. Zennibis is trapped by license problems in Canada currently. Until that changes Medican has been clever to steer clear and look for brighter horizons in the states where licensing seems to be moving along at a faster clip.
The set back of the attempt to buy Zennabis hurt the share price and forced Medican to work on other deals while they lost time.
I think we'll hear great news about California and AZ.
In the mean time Medican is clearly able to negotiate it's way in Canada which is exciting as things start to move forward for us.
It's all good.
GLTY
news does seem to always come right after an initial spike.
sounds realistic and I like the question.
thanks for clarifying.
glty