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Well in spite of my misguided judgment I'm going to hang a bit as I only need .004 to bust out of my 1.3 mil break even!
so now the conversions get 100's of million instead of tens of million! They got screwed too!
So how does Management expect to move this company forward when they have shafted every share holder but themselves. Yes I have been positive & I know what I own (can get out with little collateral damage) but how do they overcome turning loyal shareholders into bashers that were once loyal to the MDCN vision?
yes 1 hour today! Down 50%
Trip Traders 1,000,000,000x .001= Easy 1 million!
Here is the voting control:(
On June 12, 2015, the Company issued 5,000,000 shares of preferred stock. Each preferred share has a vote equal to 10,000 shares of common stock. Ken Williams, the Company’s CEO, holds 3,000,000 shares of the Company’s preferred stock. Edwin S. Jang, LLC holds 1,510,000 shares of the Company’s preferred stock.
I'm old and my math is fuzzy but 3,000,000 x 10,000 is 30,000,000,000 WTF? Voting Shares?
The 2 of them do not need any other shares ever to have voting control. Simply means future share holders are the only one's being diluted? You can't dilute these Preferred shares & they have kept some for future issue too who?
On June 15, 2015, the Company amended its Articles of Incorporation to raise the number of authorized common shares to ten billion shares.
That's how you do it create your own cash cow! INMO get your money out of this trade with minimal damage & move on or you will drown in future dilution!
So re-evaluate this post with the 8K today? What do you have today?
MDCN's first ever acquisition (TWYN Branding for $1M).
Hey Dbrown13 kicked in the Y again?
They are going to make this a true sub penny stock.
with over a billion shares OS they still have a majority? I still think it comes down to a clause in Articles of Incorporation that they don't need our approval for squat!
Usually the share holders get a say in that Authorization increase. Just means the Articles of Incorporation are set up to not include us shareholders?
Well musicman73:> you don't do many posts
But that is hands down the best summation of this situation & best post I have read on this stock ever!
No one no matter how good someone claims to be or what they claim is coming can truly predict this pinky market? A stock can still move against and contrary to a perfect set up! The 8K bomb was not the news we were looking for and we certainly could not have expected its delivery of failed business executions once again as we were expecting they could finally deliver on something, anything? I averaged down and still believe I can get out of my position with a modest profit. Going to take more time than I thought! My Best to you faithful longs! I have greatly appreciated the hard lessons MDCN has taught me early in my pinky sticky trading days!
Zenabis web site Huge Staff Requests for Positions
Please send your resume to careers@zenabis.com and specify the job you are applying for.
Administrative Assistant ?
Call Centre Manager ?
Communications Manager ?
Head Accountant ?
Head Of Security ?
IT Manager details ?
Maintenance Manager ?
Marketing Assistant
Operations Manager ?
Quality Assurance Manager ?
Quality Assurance Technician ?
Tissue Culture Technician
Pharmacist
OS is 778MM as of Fridays close...TA confirmed
That was Friday June 6th. Surely with all that has been dumped since the then MDCN should have reached 1 billion OS buy now? They cannot legally sell more shares than Authorized?
INVESTOPEDIA EXPLAINS 'Authorized Stock'
The number of authorized shares is typically higher than those actually issued, which allows the company to sell more shares if it needs to raise additional funds. For example, if a company had 1 million authorized shares, it might only sell 500,000 of the shares during its IPO. That would leave 500,000 shares unissued. The company might distribute some as stock options to attract and retain employees. It might sell others in a secondary offering to raise more money in the future. Another reason a company might not want to issue all of its authorized shares is to maintain a controlling interest in the company and prevent the possibility of a hostile takeover.
One reason an investor might want to know how many authorized shares a company has is to analyze the potential for stock dilution. Dilution reduces a stockholder’s share of ownership and voting power in a company and reduces a stock’s earnings per share when new stock is issued. The larger the difference between the number of authorized shares and the number of outstanding shares, the greater the potential for dilution.
Read more: http://www.investopedia.com/terms/a/authorizedstock.asp#ixzz3dQYPk9cc
Hey Sam'd'Mil Read that & everything else to0 DD & I'm really going to be OK with my MDCN position!
Until we get a positive PR catalyst looks like the MM's are in complete control of our stock trading?
Yes Zenabis is staffing up Big Time. Need a Cloning Technician? Check out the web site for positions!
Zenabis is hiring now for a lot of positions. But according to the web site:>
When will Zenabis be made available?
Zenabis is in its final approval stage with Health Canada. Registered patients will be notified immediately, once final approval is provided. If you have not registered yet and would like to be notified, please send your email address to: info@zenabis.com
It will only become reality when we get informed by MDCN if they are indeed the unnamed company?
No posted T's today
The Good news about no News?
We are going to get a bunch of expected PR's soon or one monster PR? But I think we would all agree news is due too us stockholders, soon to update company progress?
Well if he is right I'm Ok with that? He didn't show until the 10th so his timing is right on!
When you go to MDCN website for Claytrader the last day on is Thurs. I know he covered another MJ stock on Fri?
Past Videos (click to watch)
Jun. 11th, 2015
Jun. 10th, 2015
Clay did not post a chart for Fridays action. He moved on to a different MJ stock as well as others.
No current PR this is as the post says Directly from the MDCN website;
I hope you have one too many "0" @ .005 and you really mean .05? Which I think is a little light short term!
18 minutes ago we were at buy volume of 54,205,000 now 110,657,500
56,452,500 huge buying spree!
YES AS IS 1 BILLION> AT THE SPLIT OS WAS 450 MILLION
YES I CAN SEE .25 THIS SUMMER WHEN WE SHAKE THE DILUTION & SHORTIES I THINK YOU WILL STILL HAVE FLIPPERS IN & OUT ON THE WAY TO.25 AN UP TO.50 IMO IDO NOT SEE SOME OF THE CRAZY DOLLAR RANTS ANYTIME THIS YEAR?
FLOAT WAS 450 MIL RAN TO .054 LIKE THIS SET UP
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
GREAT EXPLANATION OF 'WTF' HAPPENED TODAY AT CLOSE
I'M READY TO RUN THRU COPPER THEN SILVER THEN GOLD MDCN$$$$
YES AS WE KEEP BUYING & HOLDING STRONG PATIENTS WILL REWARD US :)
I GRABED A GOOD CHUNK AT OPEN TO AVERAGE DOWN & HOLD> I HAVE TRIPLED MY PRE-SPLIT POSITION AND AVERAGED DOWN TO .0046 LOOKING GOOD IN MDCN HOOD! GOING BACK GREEN THIS WEEK!
CHARTS ARE SCREAMING GREEN> IMO> TOMORROW HIGHER HIGH & HIGHER LOW
I like the sound of the "promise land"
much nicer place to be than 'desolation row" MDCN "Break on thru to the other side!"
Thanks OSPREYEYE WE ARE THERE KNOCKING DOWN THE DOOR
quote
"0.0036 is the Key resistance level to break - when $MDCN turns the middle BB into support a new up trend can begin"
With lots of daylight left in the trading day!
Nice to have some real excitement back on the Board!
Malvern, you know a lot & that is why you are here with the rest of us!