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I'm here in the Hub in MDCN land?
When MDCN starts to run it runs hard. Never seen stairs?
Welcome Keech63! Some good posts you bring to this Board. Lots of new names showing up recently.
This was posted yesterday on T Trades.
Did not read until todays monster T report buy?
Its really a stacked deck of us against them!
Incredible Penny Stocks: What is a Form T-Trade?
There is much confusion and rumor regarding “T Trades” in the penny stock market. Nasdaq Pink Sheet stocks often close at a certain price and, within 3-10 minutes after the closing bell, will show a large final trade that gets labeled as an “after hours” trade. Simply put, this is an inaccurate description of that trade.
To understand how this trade works, one must understand the role of the market maker. The most frustrating aspect of investing in the pennies, is market maker manipulation of the stock price. Anyone that claims this manipulation doesn’t happen truly does not understand the OTC Market. Market makers are in place to “control” the price of a stock and, theoretically, to ensure that the market reacts properly to supply and demand for a certain stock. Unfortunately, when large sums of money and a lack of regulation are involved, more often than not, there is manipulation that suits the needs of certain investors or the market makers themselves. After all, they are in business to make money as well. If the average investor is purchasing stocks in the OTC Market, that investor is truly at the mercy of the market makers involved in the purchase and sale of that security.
When researching this article, The response from the SEC defined a “Form T Trade” a “trade reporting form used by broker-dealer members of the Financial Industry Regulatory Authority, Inc. (FINRA) to report equity trades executed either in the OTC market or during extended hours trading. Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” The response also recommended contacting FINRA. Notice the first portion of the response. “either in the OTC Market or…” Once again, it is confirmed by the SEC that ”after hours” trades do not exist in the Pinks.
FINRA was much less transparent in their response and essentially spewed the same limited information regarding T Trades that is available on their website. None of which, accurately reflects why these trades occur in the OTC Markets. (http://www.finra.org/web/groups/industry/@ip/@reg/@notice/documents/notices/p123750.pdf)
Trying to decipher the meaning of these trades with the limited information that is available on the subject led down several dark paths. Clearly, the average investor is not meant to understand the concept or its rules. Even more disconcerting is the second part of the SEC message “Recent amendments to FINRA rules will expand the types of situations in which Form T is to be used, but they are not yet in effect.” That means there is even less transparency about this mysterious T Trade.
After months of due diligence, there are a few poorly publicized uses for a T Trade. The most important factor here is that the only requirement of market makers by FINRA is that they must report all trades in a day. They are not required to do so when the actual trade occurs.
To avoid creating “an unbalanced market”, market makers often do not report certain trades during the day to the public and then use a T Trade not to “scare” investors into thinking a market for that stock is going in one direction or the other at the spurring of one large investor.
If a market maker wants to accumulate a large amount of a stock in one trading day, that market maker may actually not report any of the trades that occurred until the trading day has ended so as not to alert the market to the collection. This practice is completely legal under the FINRA rules of the OTC Markets so long as the trade is reported at the end of the day.
To execute a Market on Close” order, a market maker may have an order to purchase the stock at a certain price at the end of the trading day. This is the most unlikely scenario because it needs to be assured that someone selling the stock and someone buying that stock are agreeing upon a price. Simply put, this is more likely with insider buying and selling.
The T Trade that the public sees is nothing more than one or all of the above scenarios. The T Trade reported at the end of the day can be from one market maker or many involved market makers. It can be a single purchase price but is usually an average of all of the previously unreported purchases from that business day.
So Union Capital LLC is one of those rare entity's that prefers to loose money?
That sounds to me like another way to manipulate the market?
Always look forward to your posts PaperSherpa. Never any BS
Volume: 80,195,186 after T's Crazier!
Amen to booth of those PaperSherpa!
Bigger Hits on T trades after the close! 9,838,380 on the ASK!
Or you have all the beer money you are willing to loose already locked up in MDCN. All I can do now is ride it out!
Volume: 70,356,806 Crazy!
By the end of the day we will see yesterdays total volume on the sell side! No end in site to this dump!
partial confirmation???
Help me out with some math? If all shares sold today were dilution and the average price paid for simple math was .006 and at 12:48 31,740,655 sold> that comes to $190,444. How many shares does MDCN need to sell to raise $4 + million for the purchase of these properties??
Quote "selling is dilutive shareholders have almost no power here right now. I think it's best that we try to figure out what's going on so that we aren't shocked"
No Kidding that is a said bench mark to be bragging about. We need to get to .10 by Friday!
It moved on the anticipation of news 3-26-15 & hit .0541
2015/03/26 0.0104 0.0541 0.0095 0.016 355,789,044 0.016
Man Malvern you got that right! And who the h*ll knows the new number OS?
So todays Volume: 54,790,028
is like a 3rd of the current float?
Yes these load numbers today will slow the ride up!
Yes but on that 8.8 million shares its a no brainer only has to go to .01166 to double the money!
Wow on the T Trade Buys!
That is not true! I'm in another stock and the CEO posts on a regular basis
Yes, This board needs to seriously get its confidence level up! I'm loading more at this level
yes look at Historical trades right before that Halt
2015/03/30 0.0115 0.0173 0.011 0.017 60,828,456 0.017
2015/03/27 0.0178 0.0235 0.0091 0.0114 178,823,174 0.0114
2015/03/26 0.0104 0.0541 0.0095 0.016 355,789,044 0.016
2015/03/25 0.0045 0.0098 0.0038 0.0096 138,806,851 0.0096
2015/03/24 0.0010 0.0058 0.0010 0.0034 298,310,388 0.0034
Back to this Blackbridge conversation Posted 5-7-15
You know what I read between the lines here? In a month shares will be to expensive for Blackbridge because of the real estate transaction. I'm no pro at this by any measure but this "in the business whale" did not get in at this level without knowing that deal was going down & when? They had to have a sit down meeting of the minds to establish the long term value of Blackbridge's Beer$$Money!
Thanks wallst_junkie
I see you guys are on board with MDCND....I am hoping to see some value added with your present. Will you be adding to your position?
5/7, 7:02am
Blackbridge Capital
we will look to add over the next month
Morning conversation with Blackbridge....
So far...
I see you guys are on board with MDCND....I am hoping to see some value added with your present. Will you be adding to your position?
5/7, 7:02am
Blackbridge Capital
we will look to add over the next month
7:03am
So I am guessing that you see value here then?
As a fund, your goal as is mine is to profit.
5/7, 7:05am
Blackbridge Capital
absolutely
7:05am
may I ask your opinion on the last several days of trading? Seems like a lot of down ward pressure after such great news.
5/7, 7:07am
Blackbridge Capital
I believe there is a toxic fund, Redwood, getting out of their cheap stock, once thats over it should fly.
7:10am
was not aware that they had a shares. I myself was looking for at least .50 if MDCND can close on the PHX properties.
7:16am
Other than holding shares are you involved with any other aspects of MDCND?
Zenabis VS MDCN
Zenabis bought an old warehouse located in northern New Brunswick, Canada> March 2014 and promised to hire 400 people to work in its medicinal marijuana plant.
So far, 1,400 people have applied to Zenabis to work for the company at this cultivation facility.
According to the Zenabis plan the plant was supposed to be operating in the fall 2014, but Zenabis still doesn't have its federal licence to produce marijuana for medical purposes.
OOOOPS! Lets spend the money first to buy the building & then get a license to grow later?
Health Canada has received 1,100 applications from would-be producers across the country. Only 22 have been approved to date.
MDCN walks away from this cluster F**K
Mr. Williams. “Unfortunately, we have faced structuring and regulatory issues that are making the consummation of this transaction, for both ourselves and our Canadian partners, challenging at this time. We will continue to monitor and explore this opportunity as we believe in its potential, but we must also now turn to address other opportunities, including in the U.S. through the creation of our new subsidiary
versace_
Wednesday, 05/13/15 05:59:44 PM
I eat pieces of sh*t like Drew Millburn for breakfast.
He's just another dumb stoner who thinks they can get rich off of the legalization of marijuana. I'll tell you right now, those are not the type of people who will be successful in the to be industry.
Date: 02/25/2015
Medican Enterprises Inc. (OTCBB:MDCN), announced today that the 67,000 square foot facility located, in Phoenix Arizona, it is acquiring has received zoning approval and is now zone compliant for the operation of legal medical marijuana businesses.
Wow> “what a great idea to get zoning approval first and then buy the building and lease it to a business entity that already has a license to grow medical marijuana. My bet is there will be Medical Marijuana in the Arizona Property before Zenabis has the Canadian Facility producing!
In the world of Publically Traded Companies I'm certain The Real Estate company would have been in a Non-Disclosure Agreement with MDCND. Remember all that Money they are Spending on Lawyers & Advisors?
Apparently someone has plenty of shares to dump. I don't see the selling pressure off here until the "dump" is finished?
Thanks for sharing that with us! I needed an MM education.
Well someone out there still has a boat load of shares they are dumping!
So that's what the D stands for "Double" the shares outstanding while the D is attached!
Looks like lots of new MM'S getting in on the action?
so MM's have 1.98 million new cheap shares to sell
so MM's have 1.98 million new cheap shares to sell
so basically share count double since the "D"
Yes FutureSelf these were expensive lessons we had to learn sooner or later. I'm thankful for the sooner as only Beer Money was involved!
Or until Redwood is done with the Dump. At least it is creating cheap shares to get in on!
Awesome DD Explains a lot! Thanks for sharing
yes if you are searching for Blackridge you get a different history? You should be researching
Blackbridge Capital LLC
Mailing Address
450 7TH AVE SUITE 601
NEW YORK NY 10123