Medican Enterprises Inc (MDCN)

[AC7880]

Last chance for end of year tax loss selling is tomorrow Dec 31, combined with loss of confidence has plummeted the pps. I don't need the tax loss, so not dumping my 2470 shares for pennies.

Everyone was counting on license in Canada, and that is now a very long shot. MDCN is now looking for opportunities in the US, with AZ high on the list.

PPS "might" stop dropping on 1 Jan, or may well go sub penny very fast.

I have been waiting for a buy close to .01 to add and significantly drop my average pps. I jumped today for 10,030 shares at .0150, now have 12,500 at .29 average.

I cannot buy sub penny, so if I want in it has to be .01 plus. My broker will not allow trades below .01. They also require $100 min on trades.

My thought was this:

This is now a gamble, no longer an investment.

If MDCN manages to eventually land a license, the pps will not hit over $1 for a long time due to lack of confidence. At .29 average I have a chance to break even or make money *IF* MDCN pulls a rabbit out of a hat (license in US or Canada).

I skipped buying lottery tickets or playing craps for the past 6 months, so I just placed $150 on the MDCN roulette wheel.

Place your bets, spin the wheel.