Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I cant wait till they announce both closings. Even one closing would be huge! Puts them on the map as major players, revenues start pouring in and with this ULTRA LOW float this will trade its entire float over and over and over again
Not to butt in here guys but MDCN is going to be huge. No one knows this yet but they are NOT selling shares. All the selling we have seen these past weeks were just notes coming due. Share structure should still be VERY small. I was thinking it was going to be upwards of 250MM but now thinking MUCH less. Company is trying to attain financing without selling shares.
Do you see that kind of buying? Not looking at L2...thanks
Oren, I have been in touch with the company through all of this....there is a good plan in place
still not a lot of shares. When you are talking 20Billion or 30 Billion shares now THATS ALOT. The additional 200MM shares (now) or up to 900MM (soon) will be used to finance deals. Those shares will move in minutes once news comes so no worries.
205MM is VERY small...VERY VERY small
hmmm I see up 4% today...keep shorting my friend
Looks like the selling is over. Can be on our way up from here.
WE ARE ENTERING THE TIME OF YEAR WHERE POT STOCKS GET HOT...read link
http://www.microcapdaily.com/medican-enterprises-inc-otcmktsmdcn-slowly-drifting/18957/
You might be right, if we get some additional GREAT news but I am thinking more towards the end of the month. If you look back at the past PR's the company is suggesting on now closing one building (the 7200 sft) one by March 31 and the 67,000 sft one end of first quarter 2015 (that would mean March 31 as well according to my calander. Maybe double good news there and double the run up :)
Yes all the ducks seem to be in order. Looks like things are being done the right way. We are good from here as I see it.
$100MM market cap with 200MM shares out there would put this at fifty cents. I can live with that.
Agreed. Considering though it seems that .005ish is holding. Clearly the bottom is in so I think we have weathered the worst of the storm. Up from here, nice and slow, steady and easy.
Couldn't have said it better myself.
Thought this was a QB company already????
Agreed. I have tried explaining to IR that they need to cancel the share increase as well as the R/S. They do not understand that if they cancel it the PPS would skyrocket and in turn the market value would appreciate accordingly. With that said they would have value to bring to the table to get a loan to close on those properties with ease. Even if they wanted to sell a far fewer shares at .10 or .15 would make a lot more sense then at sub penny. I have said my peace with IR and the company, lets see if they listen.
So then the question remains how many shares will be given to the venture capitalist firm to finance this $2MM. At this rate its somewhere in the 400MM share count
They must have the funds somewhere, or a private investor somewhere is going to finance them. The 72k sqft location had roughly a 2.3MM value to it and they were going to the closing table multiple times on that. I HIGHLY doubt and bank or realtor agency would even give them the time of day unless they can show funds. So I think we are ALL missing something here in the sense that funding is coming from somewhere.
Probably right, that would put us back at $5.00
How big of a bounce are you expecting? Anything less than ten to fifteen cents isn't really worth the aggravation in my opinion.
So lets say they are diluting to raise money. Ok, we get that's how it works. How much will they need to dilute (raise money) to close a deal and finance a deal? If they dilute down to .005 and they close a few deals will it run 2500%or 5000%?
If so I will add
CEO needs to go....
and a few others
MDCN should start to move upward now. Perhaps yesterday was just a one off or some trying to get in cheap. Zoning now being practically behind us is a VERY positive step in the right direction. Now we just need to close on both locations. Last I read the timetable for both locations in question are end of this quarter.
I don't see them doing ANY of that at this point. 900MM shares at todays price would gross them about 7MM. not worth it in my opinion. 900MM at a buck (at least) then would make sense
Gotta love it...they get approval and fall down 30%. Crooks
I see it now thank you. Sounds very positive!
How do we know this is for Medican?
LAMO you are the first person EVER to suggest revenue means nothing...go back to sleep
Not necessarily. The MJ sector was just starting to heat up over the past year or two. Things don't happen overnight. 2015 is proving to be a more productive year for the sector. Decreased regulations in the U.S coupled with Health Canada starting to license more growers will equate to a broader market. All in all speculation is a thing of the past and 2015 will be a time of DO, not speculate. $4MM is just the beginning. Projections for the year are upwards of $55MM.
WRONG! A PR on the closing of the building would mean revenues of almost $4MM. Complete GAME CHANGER for a company that was not making money. Off to the races we go!
Yes that would be tomorrow...thinking a PR tomorrow after the close at the latest. The closing would signify $3.9MM in revenue according to the link below:
http://thestockradio.com/otcqb-mdcn-medican-enterprises-inc-ir-consultant-john-loren/
P/E of 10 puts us at .40ish
Ready for this to trade in dollar land again???
Feb 18 Closing Building to generate $3.9MM ANNUAL REVENUE!!!!!!
EXPLOSIVE interview!!!! Going to .25 INSTANTLY!!!!
Not according to the OTC site....nice try though
$500k in buys will move this 5000% or to 7 5cents. Like FITX did a while back WITH A 3.5 BILLION share structure.
SHORTS GETTING NERVOUS....REAL NERVOUS
$1400 moved it about 15% upward. Tiny structure will move this BIG TIME NORTHWARD with news release.
I am thinking Tuesday after hours...but tonight works :)
$2000 brings this down 10%. Imagine when the closing PR comes out and $500k and more worth of buys hits this!!! TO THE MOON!!!!
I just have a way...