Medican Enterprises Inc (MDCN)

[Petalman]

So you think the following released on 1/13/2015 had nothing to do with the decline?:

"(i) To increase the Company’s authorized shares of common stock from 100,000,000 shares of common stock, par value $0.001 per share, to 1,000,000,000 shares of common stock, par value $0.001 per share;



(ii) To authorize a reverse stock split of all the outstanding shares of the Company’s Common Stock and at an exchange ratio not to exceed one post-split share per ten pre-split shares (1:10) to be determined at the discretion of the Board.





These actions were approved on January 8, 2015 by our Board of Directors and several shareholders of 31,515,624 shares of common stock representing approximately 52.43% of the total 60,111,408 issued and outstanding shares of voting stock of the Company. We anticipate an effective date as soon as possible but not less than 20 days from the date this Information Statement is first mailed to our shareholders. A majority of our shareholders approved this action by written consent in lieu of a special meeting in accordance with the NRS."