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" takes us back to the M & A poison pill theory and Paul Khan, "
Can you explain this poison pill theory of yours? If you don't feel like it it's fine. Just has me curious. Can you explain this poison pill theory of yours?
The problem is especially with this stock when you do your due diligence they look primed to be one of the leaders in the industry. Hass does keeps making these moves and releasing positive PR's but they're doing nothing for the PPS. I would like to see this company be a major contender and it looks like they will be based on the moves there makeing, but it seems like nothing is driving this stocked up regardless of the positive PR is coming out. The due diligence is great but many of us would like the stock to reflect this.
I just tried calling Medican's main office for shits and giggles. I was going to straight up ask for Ken. You get this very vanilla automated voice message saying "thank you for calling Medican, blah blah blah. We are currently helping other customers right now but if you leave your name and number someone will get back to you."
When you call a place of business and other customers are being helped, you're put on hold until an operator can pick you up. So another words when you leave a message, it'll get forwarded to Ken or one of his lackeys who will either not return your call, or if your call does get returned, it won't be from Ken, but it will just be someone hired to do exactly that, call people back who leave messages, just to reassure them thing will be ok and blow smoke up their ass. Again, what a crock.
Not for nothing, it's not worth anyone selling. At .0002 everyone must be down like 90+% so anyone who folds now can go out and buy themselves a pack of cigarettes with the money the have left and that's about it. I'm not sure if anyone else has, but I've never seen a stock recover from .0002-.0001
Because they don't care about you, they don't care about me, they don't care about any of us. I honestly didn't think this would drop 50% again today. I figured it would go down, but not by full 2 ticks. I try and slap myself with optimism every night. But then when the next day come it quickly gets flushed out. When you hear the speculation of what might be going on, it all makes sense but reality is no one knows and management doesn't care to inform their shareholders..
“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.” - From the BRCOG PR. AKA what a crock of shit.
Honestly, this was my last day of optimism. This will go to .0001 and never recover in my opinion. Things have gone downhill for them as per the 8k and the company itself has not come out to say a damn thing. Makes you wonder why. Is it because they really shit the bed, and have no game plan? Is it because they have a huge game plan and will let us know, but that seems far-fetched because why would they wait to generate a PR. Even if it is a PR such as the Arizona Properties one where they let people know that was their plan, to acquire them.
Ahh, but the million dollar question is, next Wednesday being the 1st of July, when does the pump start. The moment of truth IMO is going to be from today-next Tuesday. Thoughts?
Well at this point, one can only hope.
D. You mid providing me with johns email. I'd like to pick his brain.
So mal I decided to go against what I said earlier. I bit a mil ff the 4s to average down a little more. Last time I'm doing it. I'm holding now at .0025.
My gut tells me this will not fold. My question is this, can this run without news. If my memory serves me correct the time it ran in March, there was no PR issued to create such a run. (Someone can definitely fact check me on that). They were plained off for a week straight fluctuation between .0008-.0010 the week prior to that run. As far this week has a similar feel (kinda). But do we need news to boom... Maybe there was a filing around the last time that had information I missed that created the last run. Idk. Just thought brewing through the mind.
I figured it out!!!!
Ken is pstats!!
It amazes me that these big buys don't help the PPS, but a few shares get sold and it'll drop a tick
Wow, very interesting read. I don't know if you can connect any dots to John and MDCN though if he no longer consults for them. Even at that, if he's a shareholder and does find any news he won't (shouldn't) tell you because of insider knowledge.
I agree though. I do not believe we're being scammed as we are more being d1cked around by management who may have screwed up big time, which could be the reason why we haven't heard a thing aside from the 8k. The 8k was bad enough, they don't want to put out a negative PR explaining why it went bad because the 8k did enough damage to the PPS.
On the other hand, they cannot keep quiet for too long. It's absurd if you ask me. I find it interesting that John is still giving you the time of day (no disrespect to you), just because he doesn't work for them anymore.
The past 3 PR's have done nothing positive for the PPS, consensus?
Yeah, I understand why you would want to do that. What is $300 in the grand scheme of things.
I hate this kept in the dark shit though. I understand being OTC you deal with this crap, but hoping one in the QB would show more credibility.
You would have to think, with literally JUST acquiring TWYNS and closing on a lease agreement, that the company is not disappearing into the abyss, but wouldn't we all like to know!
I considered averaging down myself, but I'm not (to each his own) and I understand why you would want to. I'm sitting at .0037 I keep contemplating WHAT IF in mind, and apparently I think I've done that too many times. I've averaged down like 5 times since being here, I wouldn't mind sitting at .0024 but that would have me throwing a little over $400 at the 4's but they have no game plan on the table aside from "Michigan" <--- Like WTF kind of an update is that.. I understand they can't tell us the inside info, but they can inform us on future endeavors just like they updated us with those AZ properties.
So with that being said, I think I've learned my lesson here. Not selling of course, but not buying more. I hope for everyone's sake I regret that move, but I'm going to sit tight at .0037 and see what happens. If there is nothing from the company by Monday pre-market I think she's going to be dormant for a while. I don't think it'll go to nothing, only because they seem to do a good job manipulating the price on this, so I'm sure they'll figure a way to keep her floating and let the day traders snack on her.
Right, because you have the mentality of a day trader and are not looking at this from the perspective of the longs who have been here. The reason people have been holding is for the simple reason that there was a plan. MDCN laid it out and gave hope. We can all play Monday morning quarterback and say we should have gotten out earlier man, but let's be serious there are some who had too much invested to take the loss they were at and were hoping for a turnaround which should have happened if all went well.
Yes, making 200% from this entry is fantastic for those who make the 200%, hell even 100% but that doesn't do anything for people who've been down and literally only last Thursday got the bad news on the plans of MDCN through the 8k.
There is a lot of frustration on this board and rightfully so, but don't get it twisted, most of us knew what we got ourselves into. Bottom line, if people want to vent their frustrations on the board they're more than welcome and shouldn't be criticized for doing so (unless you're pstats or MasterHugeProfits).
I log in every morning a little after 8 to see if there will be like 150 comments, because if there is that many that early you know there is chatter over news. But I log in and see like 15-30, sometimes less. The board is dying along with the stock :(
Seems like a lot of people have jumped ship and are out floating on life rafts right now while we're trying to weather the storm. I hope the holes get patched so we don't go down with the ship!
Not many more days this one can last without a turnaround! They gotta give us something Mal!!!
Ken lost all his money (our money) at Caesars Palace and now he's broke. He decided to move back in with his parents in Michigan to start all over.
Dude... You're shot.
Almost as bad as pstats.
This is going no where in a hurry. There have been many "expert newcomers" who have come on this board saying the same crap. "Look at this volume" "this is primed for a run" "The chart looks excellent"... Saying the same things over and over and over again... Guess where it ended up, at the lowest of lows for this stock...
That's exactly what doesn't make sense to me either. The PPS being so low, how can they continue to dump? Even today, I would have though it would drop a half or just one tick and it drops at a low of .0003?!?
None of this makes any sense too me at all. The way I look at it, they have to come out and say something like tomorrow, because IMO if they let it go to .0001, it's all over. Not that .0003 is any better :/
They responded? I shot my email to Ken at 11:45 and I got nothing yet.
Which is not a good sign..
What's your consensus?
I just emailed Ken. Let's see if he responds.. Prob not. If he does I'll post it for all.
Which does nothing for those sitting at .01... .007... .0035..
Seriously bro, what the hell is +50% going to do for anyone other than day traders at this point. Medican screwed their longs. This is what, supposed to blow up over a penny and make those who've been loading and loading and loading to cost average down millionaires overnight?? That won't happen either. This is just my opinion and I hope I'm wrong I really do but there is NO point to load more and cost average down because this is going no where. <--- Can you tell I'm frustrated, sheeesh..
I read everyone's speculations as to what they think will happen, and they sound good, but then reality hits us everyday with (-10% to -45%). The bleeding doesn't stop, so what can they possibly pull out of their asses at this point to bring us up to a reasonable PPS. No news will drive this straight past a penny.... It's not a stretch for it to run %2000 from .0005 to hit a penny, hell it's done it before, but with every passing day, no news, more blood, it's seeming more and more unrealistic and is killing any optimism I have. Also what will keep them afloat from a penny? I've stated this in the past, I'm holding and sitting tight, I already look at all the money I played with as a loss... Time to see if they can pull off a miracle for their shareholders.
They update the filings and the News Releases on their website, so yes it does get updated. In the aspect of it being different / looking different than before, I don't think so. Seems to be the same.
But yet, here we are. Another day. No PR. No Explanation. UGH!
Thanks for sharing. The biggest looming question is the time frame in which they start announcing mergers / acquisitions on these. I know we all don't know, but do you have an educated guess as to when you think we'll hear something straight from Medican?
I agree with malvern here. Something is definitely in the works. On the other hand technically we did get a update from the company without the company releasing an official PR... The 8k. It updated us on the Arizona property deals which we all know they are now squashed, and that they're not pursuing California deals as of now. I know we all don't like to see an update like that but it was still an update.
What makes me very curious here is what kind of PR will drive this back up? Will news even drive it back up? Like mal and most of us longs, I'm down too much to sell. There is no point in my eyes. It is definitely interesting to see what they're going to release next. You would have to think from the 8k being so damn negative, they would have to release something very juicy to pump us back up. I have to say. It has been an interesting ride so far. So much to look forward to only to be let down. Let's see if they can lift up their shareholders spirits soon.
This would have to be some what soon though and enough to keep it above a penny for 10 consecutive days. What can they mention that they acquired so fast and so big, after dropping the ball on AZ and Cali is the question? And again, sustainability over a penny is key. I wonder..
Yeah? Please tell me what makes you so optimistic?
That's cool. What makes this stock rise though? There have been 2 recent PR's in the past couple weeks, one about the Indian reservations 2 days ago, the other a couple weeks back about helping with the California drought, but yet none of that news has had a positive reflection on the company.
I'm going to write Ken an email later and see if he'll even respond.. I've never written to him or John in the past because I honestly find writing them pointless, I feel they will only do one of two things:
1. Not reply
2. Tell you exactly what you want to hear to keep you optimistic.
With that being said, I'm still going to give it a whirl and see what happens.
Yeah I'm in the same boat. I like my average after averaging down multiple times... I've been keeping myself glued to this stock in particular because of the optimism in the very near term, now that is all shattered. I refuse to sell at the loss I'm at now, because what the hell is the point of selling when I'm down as much..
I just don't understand how they will be able to meet QB compliance going forward. They diminished any optimism to drive this back over a penny anytime soon and I feel like the only way they can do that is another R/S in the upcoming future. Even if they release a PR lets say Monday, how high is it really going to drive this after that 8k.. Ugh :/
So whats your consensus on this now malvern? You sticking around, seeing what happens? Do you have any expectations from here..? The 8k was such a disappointment. Anyways, just trying to get an idea on the mindset of other longs here.
Flippers are not happy.. Longs are pissed.
I'm pretty sure there is a grace period that starts after 30 days to where they have like 180 days (I could be wrong and may need to be fact checked) to get to over a penny but that has to be sustained for at least 10 days at .01+ then they either get delisted or dropped to grays maybe. This day was frustrating as hell. They built us up and built us up and now we're smacked with a phuck you all proposed plans fell through.
My man. It's hard for people to chill when their down so much and the stock took a huge nose dive today Because the 8k is filled with terrible news for the shareholders who were looking for a very positive, bolstering PR to help set us up for higher levels. They've been blowing smoke up our asses for months about Cali acquisitions and these Arizona properties. I think people have the right to let off some steam because let's face it we all got had. I don't even know how they can pull off making another run like they did in March because their credibility is shot.
And listen I'm not calling you ignorant but if you are into politics and have been keeping up with the presidential candidates you know very well who the front runners are, Bush and Clinton who have the most money out of all the candidates to sustain their campaigns. Gary Johnson will not be the next president. Mark my words.
Sometimes you have to read in between the lines and realize that, Gary Johnson being on the board and seeing this company not really make that much progress in over a couple years and seeing that the shareholders are getting killed and that the company is not looking out for them, just themselves, he very might have been an internal whistleblower in the company not happy on what has transpired and realized if he stays in a curropt company, that won't look good for ANY political positions in the future and needed to get out while he could. Then again. He is a politician and they can be scumbags as well. This is all speculative but if what I said has any validity to it, of course they're going to say they left on good terms because Gary won't need the negative press on what happened internally in the company he was a board member on and it also helps ken in the aspect of let's not make us look any worse than we already look now. Like I said this is a a speculative theory but the whole situation is completely shot.
A big "phuck you" & "thanks for your money".... That's what us longs get.
"The Company has also terminated its interest in pursuing the purchase of real estate and other opportunities in Arizona and California at this time. The Company is focusing its efforts on projects in other parts of the United States including Michigan"
That's a shame. So, what's next? What will drive up to a penny to remain in QB? Michigan is in the United States so what's the point of isolating Michigan? In my opinion that's is a half assed way of saying "we don't have a game plan so we're going to see what Michigan can do for us.." What a crock.
Sorry malvern, and I hope I'm wrong but, I doubt it... News won't do shit for anyone. Everyone is down 75-95% at this point. I'm holding myself because at this point, wtf else is there tbo lose... But I can't see any news that will create a run and sustain a healthy price. They screwed us all. Totally bailing on AZ and additional Cali acquisitions is going to hurt for a while. I guess that's what John meant in his radio interview when he said Cali news in the coming weeks, meaning "we're bailing on Cali".