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I picked up 4 mil this morning at .0004! Not showing on Ihub trades for LIBE?
Wow Things are looking up! MDCN on the Breakout Board
With 27 posts? LOL
It also had a big daily run on 3/26/15
open High Low close
2015/03/26 0.0104 0.0541 0.0095 0.016 355,789,044 0.016
Share structure today is vastly different from dilution.
Me neither at this point but if it did get to .0002 at least we could get out with some money!
A 5 million purchase at this level is only $500? That is someone looking to double THEIR money when OR IF it gets to.0002! Sad as it is the R/S is an ugly solution to an uglier problem. To many .0001 shares!
Well for one very good reason! Their are billions of super cheap shares out there, so many to dump for a profit that it would never see .005 much less .01?
I would love to able to dump this before another R/S. Nor sure how a pump & dump would work when you can't sell?
I have tried to sell also & with no bid it is not going down. I was Just going to take my loss and move on before I loose it all? I guess our hands & feet are tied to this one until death do we part?
I'm in another stock that just announced its second R/S in 3 months. Worst thing that ever happened to me was the first one! Reverse is for dilution only. This stock went from .05 to .0001 in 3 months post split. No one wins on a R/S but the company. And they were still dumping shares at .0001? Billions of shares. That is the reason they are doing another R/S at 1 for 1000. More dilution. MM's shorting this stock were in complete control of the PPS on its way down. They win and you loose.
Here's a spot on explanation courtesy of poster 1ManBand that explains why the OTC Short Report is bogus (it only shows the first leg of the trade) and why short squeezes never happen.
Quote:
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Market makers keep little to no inventory of sub-penny stocks. Especially ones with toxic death spiral convertibles, who are going to be worthless eventually. It is a matter of when, not if. Which means when they get an order, they short the stock to the client and then covers almost instantly. Usually that means buying the stock from the toxic death spiral funders, who have a standing order in for millions to sell - they will sell as much stock to the MM's as they need. If an order comes in for 10 million shares at $0.0002, the MM sells it short to the customer (because they have no inventory) then immediately buys the 10 million shares from the toxic death spiral funder at $0.00019 (or less) and is flat. But the short volume report only records the short leg - they don't reconcile the long trade, which is why short interest is ZERO. These MM's are happy to make the spread with zero risk. Keeping any inventory, or holding a short position overnight, is too risky.
Ironically, those daily short volume numbers are highest with toxic death spiral stocks under massive dilution. NBRI is the perfect example. The MM's know they don't have to keep a single share of inventory because the toxic convertible holders will sell them as much as they need to cover any order. Very little respect or morals exist in stinky pinky land.
MY MDCN Short Story
It would appear to me that we are about to repeat history in the coming months? 10 cents to .001 anyone? I offer a few posts I found to share with you below.
Ken is in complete control of the company with his voting rights and VFIN, BKRT, CDEL, NITE etc are in complete control of the PPS. The shareholders of MDCN are only in control of our decisions.
Homebrew Quote:
“It makes no common sense to short at .0001, unless you are damn sure a reverse split is coming. But shorting penny stocks is SOOOO risky, with little return potential, that it makes no sense most of the time, even when not at .0001”
Great prediction Homebrew!
Unless your one of the many MM’s we are aware of that control the price of MDCN stock?
Please note the date of this post.
nodummy
Saturday, 10/15/11 12:59:18 PM
Re: qwertytrader post# 16562
Post # of 89139
The key is understanding that pink sheet stocks are not investments - 99% of them will lose value over the long run and never accomplish most of their forward looking pumping statements they put in press releases or on their websites. Never believe the hype - always be skeptical of everything you hear.
The people mostly making money with pink sheet stocks are promoters, front loading pumpers with big followings they can dump on, crooks, some of the flippers, and sometimes the very lucky.
Pumpers only tell you to buy stocks that they already own. Pumpers only tell you to hold stocks because they want to make sure you hold longer than them.
They make money by pumping the stock and getting other people to buy then dumping their shares on the followers.
If you really want to take the risk of trying to make money trading pink sheet companies then you have to understand how the game works and never ever hold long term - take profits when you can. Pump and Dumps dominate the IHUB forums.
Trading pink sheet stocks is a sick game full of lies and deceit where people take advantage of the inexperienced and naive stealing away their life savings for their own personal gains.
Here's a spot on explanation courtesy of poster 1ManBand that explains why the OTC Short Report is bogus (it only shows the first leg of the trade) and why short squeezes never happen.
Quote:
--------------------------------------------------------------------------------
Market makers keep little to no inventory of sub-penny stocks. Especially ones with toxic death spiral convertibles, who are going to be worthless eventually. It is a matter of when, not if. Which means when they get an order, they short the stock to the client and then covers almost instantly. Usually that means buying the stock from the toxic death spiral funders, who have a standing order in for millions to sell - they will sell as much stock to the MM's as they need. If an order comes in for 10 million shares at $0.0002, the MM sells it short to the customer (because they have no inventory) then immediately buys the 10 million shares from the toxic death spiral funder at $0.00019 (or less) and is flat. But the short volume report only records the short leg - they don't reconcile the long trade, which is why short interest is ZERO. These MM's are happy to make the spread with zero risk. Keeping any inventory, or holding a short position overnight, is too risky.
Ironically, those daily short volume numbers are highest with toxic death spiral stocks under massive dilution. NBRI is the perfect example. The MM's know they don't have to keep a single share of inventory because the toxic convertible holders will sell them as much as they need to cover any order. Very little respect or morals exist in stinky pinky land.
Another Conversion? No end to this!
9.99% (based on the total of 2,613,502,003 outstanding shares of Common Stock)
Amount beneficially owned 261,088,850*
*Consists of Common Stock that the reporting person has the right to acquire by way of conversion of a security.
Well dholmes791 I hope you are right on R/S saving us. Be careful what you wish for? After the last one I swore I never go thru another one and we can't even get out now if we wanted too! Ooouch!
I know it looks real dark right now but there is something going on? Done a little DD today on this new tangled web of companies. Do I have it figured out yet? Hell No, but it is getting interesting! Would like some others on this board to get involved in some more DD on the following subject?
The Now Corporation is a publicly trading Company on the Pink Sheet OTC Markets Platform under the symbol "NWPN" a Nevada State Corporation since 2006
THE NOW CORPORATION INFORMATION: Hemp, Medical Marijuana, Wind Technolgy;
Stock Symbol "NWPN" ( Generation Energy ) is forming to further its ownership interests in the MJ business in Colorado, energy business including but not limited to wind turbine technology plus owning natural gas and petroleum oil properties, natural gas and oil royalty interests in existing energy producing properties, ownership interests in proven reserves, and other activities associated with fossil energy markets.
THE COMPANY WILL BE PURSUING SUBSIDIARY COMPANIES IN THE GOLD RESOURCE FIELD;
2014-- The Management has brought in a joint venture partner from Colorado Grand Junction area covering 10,000 acres of agriculture farm land through a family trust.
This joint venture will allow "NWPN" to build a hydroponics facility covering Hemp, Medical Marijuana on the site.
This is a post from NWPN tying DKGR into this transaction?
GardenGnomes, with your DKGR related update...
Thanks for your DKGR related update and how it relates to NWPN even more than what some had originally thought or believed. Now it is much more clear as to why NWPN has a vested interest in making sure DKGR succeeds along with NWPN succeeding. That piece is worth reading again:
Quote:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114870085
Will be looking forward to it! I'm just doing so DD on Medicans new business partner. DKGR has its hand in a lot of pots. Hope some of them turn into Gold!
Medicans new JV partner DKGR has some other business ventures going down soon within its Portfolio?
In addition to El Encanto Vineyard on the DKGR Portfolio Page is Eagle Oil Holdings (EGOH) and its about to make a major move into another industry?
Eagle Oil Holding Company Inc. (EGOH:OTC) Signs a Business Development Agreement with World Associates Inc.
July 6- 2015
Eagle Oil Holding Company’s U.S. subsidiary, Pure Mobility Wireless, Inc., has signed an agreement with World Associates, Inc. located in Westlake Village, California. Initially the agreement provides for World Associates to assist Pure Mobility with the capital formation necessary for the planning and establishment of wireless networks in North America starting with California.
Pure Mobility’s wireless provides military grade security and functionality. It is compatible with Hotspot 2.0, a protocol for automatic Wi-Fi authentication and the handoff of users roaming between networks which will enable a seamless experience to integrate cell carrier services with the Pure Mobility broadband WIFI technology. The internet is sagging from the weight of video and bandwidth hungry traffic. Pure Mobility is an early mover focused on providing a platform that is robust and secure enough to realize the vision that can be described as the “internet of things”.
World Associates expects wireless networks like Pure Mobility’s to be a key enabler for the next generation of infrastructure management. The agreement is a first step in an alliance where Pure Mobility provides a network to enable infrastructure solutions but will eventually include transportation applications to respond intelligently to traffic; efficient water monitoring and management tools; and intelligent distributed power solutions. The goal is to develop strategic partnerships with vendors so that Pure Mobility can bundle these applications and make them available in areas where its networks operate.
Updates will be forthcoming.
For more information on Pure Mobility International Inc., please visit our website:
http://www.puremobilityintl.com/
In addition to El Encanto Vineyard on the DKGR Portfolio Page is Eagle Oil Holdings (EGOH) and its about to make a major move into another industry?
Eagle Oil Holding Company Inc. (EGOH:OTC) Signs a Business Development Agreement with World Associates Inc.
July 6- 2015
Eagle Oil Holding Company’s U.S. subsidiary, Pure Mobility Wireless, Inc., has signed an agreement with World Associates, Inc. located in Westlake Village, California. Initially the agreement provides for World Associates to assist Pure Mobility with the capital formation necessary for the planning and establishment of wireless networks in North America starting with California.
Pure Mobility’s wireless provides military grade security and functionality. It is compatible with Hotspot 2.0, a protocol for automatic Wi-Fi authentication and the handoff of users roaming between networks which will enable a seamless experience to integrate cell carrier services with the Pure Mobility broadband WIFI technology. The internet is sagging from the weight of video and bandwidth hungry traffic. Pure Mobility is an early mover focused on providing a platform that is robust and secure enough to realize the vision that can be described as the “internet of things”.
World Associates expects wireless networks like Pure Mobility’s to be a key enabler for the next generation of infrastructure management. The agreement is a first step in an alliance where Pure Mobility provides a network to enable infrastructure solutions but will eventually include transportation applications to respond intelligently to traffic; efficient water monitoring and management tools; and intelligent distributed power solutions. The goal is to develop strategic partnerships with vendors so that Pure Mobility can bundle these applications and make them available in areas where its networks operate.
Updates will be forthcoming.
For more information on Pure Mobility International Inc., please visit our website:
http://www.puremobilityintl.com/
I really do not see this as a changing of the guard? I just see two worthless company's without a current clearly defined direction coming together to try and create some synergy to move each other forward? I'm sure Gary Johnson had his hand in the introduction since this is clearly a New Mexico connection. But the dots are easy to connect for me. The proposed vineyard has not started up yet and will be years in the making before we see it produce a bottle of Ganja Wine? But they do have access to current barrels and the MDCN label "if Ken can execute" does fit with his current version of his current business model. Can he execute? The future value of our shares are still in his hands and he has made a boat load of rookie moves? So I hope his new found partner can help us turn this dead in the water ship around? I would still like them to change the name of the wine label to MD420!
Yes we live & learn > hopefully & some of these lessons are quite expensive! My MDCN position is really my first serious attempt and I want more out of it than just the really good knowledge I have gained. But the reality now is I just want to get out with the Beer$$Money I have in it and get on to the next one!
What I read from that filling is it sold to them in 2000 for $125k?
Most units there now are selling for $250++. What I was looking for is Ken spending big money & my bet is he is renting on the cheap!
Homebrew thanks for your input as it made no since to me how you short a ticker at .0001 & it's number on the list? But as you mentioned even if you divide by 10, you have a significant number. I was just trying to wrap my head around it and not putting any blame on the short report? Did nothing to move the PPS.
Endless is correct! What do you have when you have 10 billion shares bought at .0001> total cluster "fck" at .0002!
And all that we see is controlled by computers and the MM'S behind them. Last Friday this was the number one shorted stock on the OTC. So I'm hoping those of you who have been in the game longer can explain how you short a stock that you can only buy at .0001 and can't sell? We are playing at a Casino table and the house has loaded dice and we are drunk on the hype!
IMO the shares being sold right now are the latest conversion of $1 Million debt+ 10% that we hoped Ken would pay off! If my math is correct at .0001 we got 10 billion shares + 10% to cover? Do the math on the share structure after that and how long it will take to sell 10 billion + shares @ .0001 & how long it will take the flippers to churn thru that many shares to move PPS up? That's why MM's not buying IMO?? Thy are just passing these shares thru for what $$ I have no clue on spread
I just looked at Winters last 50 posts as I thinking about getting back in on LIBE. What I read is that offered to buy the note but they never came to terms on it, so they are now converting? IMO
Winters
One active note left of $48k and they haven't converted and my offer is still out to repay.
So, last 2-3 days they got their low spike for the conversion price, I expect selling (unless they're covering). I'm sure the educated out there can see how this played out.
All IMO
Brian
This one IMO
One active note left of $48k and they haven't converted and my offer is still out to repay. They never got back to him on his offer & IMO they are now converting?
Yes they are posting that on this board. Buying all they can get!
Go LIBE
Winters Recent Posts on Eastmore Conversion??
Winters Wednesday, July 01, 2015 3:01:34 PM
Re: Green n Gold post# 19101 Post # of 20467
I've heard nothing back from Jay Fang, principle over at Eastmore. I do know this is a popular week for the rich to take a vacation - hence why we're all still working lol
Winters Tuesday, June 30, 2015 4:44:38 PM
Re: pepicek post# 18912 Post # of 20467
Nice job Pep - last conversion just came in for that $8k - 36,085,754 shares, balance is zero.
One active note left of $48k and they haven't converted and my offer is still out to repay.
So, last 2-3 days they got their low spike for the conversion price, I expect selling (unless they're covering). I'm sure the educated out there can see how this played out.
All IMO
Brian
Did a Property search & Ken does not own that Condo? Here is what I found.
http://www.pbcgov.com/papa/Asps/PropertyDetail/PropertyDetail.aspx?parcel=74434304230004050&
Yep Posted his New Condo yesterday!
Monday, 07/13/15 08:16:52 PM
Re: dholmes791 post# 35220
Post # of 35251
The address 5200 N Flagler Dr W Palm Beach is a High Rise waterfront Condo Complex! So That's what he did with our money. Thought he was moving to MI?
https://www.google.com/maps/place/5200+N+Flagler+Dr,+West+Palm+Beach,+FL+33407/@26.7571767,-80.0519023,78m/data=!3m1!1e3!4m2!3m1!1s0x88d8d44b6c3bc49d:0x8a45e60634be12ef
Ken & the rest of these guys pay these NY Security Lawyers the big bucks to keep them out of trouble with securities violations. Not defending him in anyway but he was not the Incorporator of Newealth US Inc. Eugene Turner was. Ken is just an officer, registered agent and the filing does not make it clear if he is also a Director?
Tell your wife at this PPS you cannot loose on this company! Tell her Beer$$Money said so?
Nice DD EMH420 Welcome!
Nice DD EMH420 Welcome!
Ken is currently coordinating the licensing, labeling and distribution of the targeted Moscato vintage by providing inventory from our existing local grape stock for immediate distribution on behalf of Ken? I get it!
Its Expensive to live in West Palm Beach!
Did you notice the Articles Of Incorporation where filed on May 14, 2015 (effective date 5-12) for Newealth US Inc?
The address 5200 N Flagler Dr W Palm Beach is a High Rise waterfront Condo Complex! So That's what he did with our money. Thought he was moving to MI?
https://www.google.com/maps/place/5200+N+Flagler+Dr,+West+Palm+Beach,+FL+33407/@26.7571767,-80.0519023,78m/data=!3m1!1e3!4m2!3m1!1s0x88d8d44b6c3bc49d:0x8a45e60634be12ef
This PR was a blatant lie by Ken.
When you close a Real Estate transaction it is finished and you own it!
Las Vegas, May 26, 2015 – Medican US, the U.S. subsidiary of Medican Enterprises Inc. (OTCBB:MDCN) (“Medican” or “the Company”), a merchant bank and bio-pharmaceutical company in the emerging global marijuana industry, today announced that the Company has executed and closed a lease agreement expanding its real estate and leasing business into California with Breeding Rare Cannabis Original Genetics Inc. (“BRCOG”).
“We are thrilled to be working with BRCOG in the California market,” stated Ken Williams, CEO of Medican Enterprises. “Finding and developing leasing locations such as this, provide Medican with geographically desirable and lucrative business opportunities. We have several more projects planned in California in the coming weeks and look forward to expanding our relationship with BRCOG as we continue to drive value for shareholders.”
That's exactly the decision I made this week by dropping some more Beer$$Money to get me in a position that hope gets me at least to break even at .005 now?
The way Ken conducts his business it will be months before we could have any major "significant accomplishments" which means we are going to have to deal with the flippers anyway. I don't believe any of the current projects he has PR'd lately are going to be in the 10-q. IMO all we can expect from that 10-q is how much cash & current O/S?