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Just look across the board at all the MJ stocks. They all suck right now and have for a while. Some have had runs here and there but they primarily are young companies taking advantage of being on the OTC ripping off investors. I'm not claiming they're fake, or scam or anything like that, but they're doing what the SEC allows them to do. Print more and more shares, drive the price down, and then the inevitable.... R/S. I'm not saying they'll do an R/S anytime soon but it is always a possibility.
It's sad how the very few get rich off of the people's faith put in them.
If I had a nickel for every time I've heard that, while there is perpetual blood on the streets I'd be richer than Warren Buffet.
Right, and during this growth, there will inevitablely be an R/S. And this is what grinds my gears because he did say on the CC that he does not want to do one, but in order to keep QB status a small one might need to be done. Well moving very close to .0010 and to bring us back to a penny, it'll have to be 1:10... if we hit trips, that 10 gets larger. That is not small.
Music, wine, weed, clothing... What else ya going after with my money Ken?
Joel stated in the CC that he did not want to do a R/S but will do a small one if necessary. He is going to have to do a big one at the rate this is dropping. What a shame. You can't even buy into a legit company without the PPS being manipulated. This sucks.
I'm not sure they gave a date, but it's going to happen, as per their latest filings.
They are doing a reverse split 1000:1. The action will be after they R/S and are appealing to new comers, but Ken will do to them what he did to everyone else who put their money and faith into this garbage. I don't see them going anywhere without the split, and again, post split will look like last post split.
I'm working and can't make the CC. Can someone please post the information after the call is over with a brief summary of what went down? Thanks in advance. GLTA
What happened to all the enthusiastic activity?
Yeah, an increase of 62,500%...? Fat Chance, what's your time table for that, 5 years?
These stocks all do the same thing. They're controlled by MM's and it take incredible news for them to pop. Sometimes they'll just pop with no news. Luck of the buy in. With a company like this though, that puts out fluff news once a week, news doesn't mean anything really. Most of the days when news dropped it bleed. I'm not bashing the company. I'm hating on the way the companies are allowed to just dump shares and steal people's money. Then turn around, do a reverse split and do it all over again to pop once a year and make it look enticing hoping to get buyers in just because of that one pop a year, if that.
I do believe marijuana is the next big thing though so getting in now might be a good investment 5 years down the road unless you're just looking for a quick flip. I'm in the same boat brother. I'm in 4 different ones that I spread 10k out between them all. They've all nose dived, go figure. Anyways I say good luck.
What independent media outlet? The only way out of this is the 1:1000 R/S that is going to take place.
I tried to sell and it wouldn't go through cause I'm done with them. I'd rather take what I got left before an R/S and lose more. I gotta say dude I couldn't stand your hating comments the past few months, but not for nothin. Reality check you've been right. And I can't hate on that.
This sucks. Blows the big one. I can't even sell this garbage, and yeah, at this point I want to get out and put the $500 I have left elsewhere. At least it's $500. If they R/S that $500 will quickly drop.. Ugh
Not for nothing the split although I don't believe it will be, is the only saving grace for this. If it gets halted say goodbye to your money. If they R/S, maybe, just maybe it'll turn around in a couple years and you can claim some of your loss back. Like I said I doubt that'll happen cause they'll R/S then dilute... There's always that what if though.
You're wasting your time and metal anguish thinking about a law suit. It won't happen. People lost all the money they invested on this, I don't see anyone wanting to have to pay for a lawyer right now, not to mention I don;t think anything will come out of it and if it does it won't be for like 4 years until you see a dime.
Ken is a scumbag POS and I don't blame the people who wanted out and left the company back in early June. I can't understand why anyone would want their name tied to a company falsely leading their investors because it could turn into a PR nightmare if any lawsuit does come out of it. I don;t know if John Loren left on his own accord or was relieved by Ken, either way, he was better off, unless he's part of it. What irritates me the most, is you can't get in touch with anyone from MDCN. BS numbers that bring you to voicemail in the middle of a work day in itself is mad sketchy, which is something I learned and took away from this company. When everything sounds like it's going great for a company and I want to invest, I'm calling their main office first to see if I can get someone to actually speak with, not a recording at 11AM on a Tuesday.
IF there is a class action suit. I'm in. But I won't be the one to generate the suit.
It's not foolish if he obtains something. But look at what the AZ properties did. They caused so much hype. This board was crazy. 300+ posts a day practically. It would have generated some consistent revenue plus owning the real estate itself is big. But he blew that and who knows if it was even really in play at all. Idk what to think anymore with this company but I do know this, Ken is scum and there's nobody from the company anyone can talk too. John Loren was it. And he's been out for over a month now. Ken moved shop but yet hasn't informed his shareholders what their plan is. I personally am just going to remain on the sidelines and watch the show. Let's see how good Ken can spend our money. As of now MDCN let us all down. Let's see what the future brings.
This guy won't get another penny out of me. To each his own but everyone claimed "this is the bottom" like 40 different times as we spiraled downwards. I don't think anoyone can predict the bottom based on recent history. If people want cost average I suggest they sit back and watch to make sure he has so,etching legit but I don't see it. Extremely risky to throw more money on this when you think "bottom" is in because they day you think that, the following day it'll drop 30%. Just my 2 cents. It's over though.
I'm going to come back here every once in a while to check this out but all faith in Ken is out the car window while driving 170mph. I really hope the guy loses all of his money somehow. Im not just agrivated with him because of just my money, I feel bad for everyone else who lost a ton. Even if it was our choice to put the money here. We did so thinking this guy was going to make something of it and reality is all he did was steal everyone's money for his own prerogative. I hate scumbags like that. He's laying back on his boat smoking a cigar looking up at the sky laughing calling us all suckers. What a clown.
Yeah. I'm out 7k now lol. We were fooled. Had. Taken for. Scammed. He will R/S and then dump all over again. I don't have any hope that he does a reverse and is able to sustain above the .10. The reason I think he is doing a 1:1000 is because it's ten cents. It'll give him ten days to dump and bring the PPS down just shy of a penny everyday to keep him on QB. If he was confident in his company and is going in the right direction why not do a 1:100 to bring it too a penny, but no it'll be ten cents to provide him a nice ten day cushion. And he'll just keep repeating this process unless he gets halted. What a scumbag.
Am I annoyed? Yeah. But I realized that now my shares will be 1.20 per share that I will deff never see it again and I've accepted it. Maybe in 5 years I'll come back and the PPS will be $20 or something. Hahaha. Sorry I needed to make myself laugh. Yeah it's over. For us. Not Ken tho. Lol
He doesn't seem to put out any sustainable news. It's all fluff and most of the time the stock drops when he releases crappy fluff news. It get's everyone screaming NEWS!!! But does nothing for the PPS. Ever. MM's rule all of these MJ stocks. I'm in a handful of them and they all do the same thing, get killed by MM's.
This guy puts out like one PR a week and it does nothing for PPS. Other companies put out a PR once a month or so. Does nothing for PPS. I have yet to see any of them run since early 2014.
It's completely shot is what it is. Lol I would need this to go to $1.20 to break even! Fat chance. It is what it is though, shitty situation that all who invested literally lost all of their money so this asshole Ken can live the good life. No one forced my hand to put my money here, I get that but this whole situation should be criminal. Dump, R/S, Dump, R/S, Dump, R/S. It literally is stealing money. Sad state of affairs MDCN is.
They haven't proved that as far as their PPS is concerned. They popped once and since then, a year and a half later went back to right where they started. MM's own these MJ stocks and they do a very good job keeping them down, across the board.
So, they're going to bring it up to .10, and then do what they did all over again.... Nice. Fuckin crooks.
I saw the news marker next to MDCN and got all excited. Then I realized, wait, we're dealing with MDCN here... 30 Billion shares. Impressive.
Yes then there was the PR where he said it won't be until Summer of 2016, so nice try with the BS.
That can be said for any pumper/basher lol
Yeah, well who really is gonna start a lawsuit. Who is going to listen at that? :/
Agreed. The next 2 days could fair to be very interesting.
Yours and mine both cause I agree 100% that .0001, with all the shares out would deff be a day traders heaven. I guess time will tell. Sucks we have to wait another full month for the 10q. At this point it is what it is. A bought a couple more shares at .0001 just to C/A one last time. Brought me to an average of .0012 from .0026. For me now though. Just a waiting game. Let's see if Ken can pull something off. God knows he owes his shareholders for screwing us all who put our faith in him.
My fear of another R/S is exactly what happened after the last one. She's been on a downward spiral ever since. I'd like to see a little run before an R/S or else our money will really be all gone if the pull another R/S and dilute the hell out of it again.
Yes but hype for the 15th you would think should get this started a day or 2 earlier. Green day today so I ain't complaining.
They average up sometimes when it's close to a penny but if you look at the chart eod they show true price.
When should the 10q come out?
How long do you see this being flatlined for? Should we start a pool? Lol
Volume doesn't always determine a run thou. I've seen runs with very little volume.
Why is everyone expecting news? We all know the 15th is the opening of the new B&B. Conference call at the end of the month.. What can they possibly give us today?
Why is everyone expecting news? We all know the 15th is the opening of the new B&B. Conference call at the end of the month.. What can they possibly give us today?
A part of me want to buy in and C/A down... The other is saying WTF ARE YOU THINKING?!?! It's like an angel on one shoulder and a devil on the other.
I hope so. It is an interesting concept to run with. Hopefully we see some good come from this.
News... For what it's worth:
http://finance.yahoo.com/news/medican-enterprises-announces-joint-venture-120300548.html
This hasn't gone up in like a year and a half. Everyday is short games for EVERY MJ stock.