Medican Enterprises Inc (MDCN)

[westendgreen]

It looks like 0.005 is holding. The company has to get something for all the shares it is selling to cover salaries, legal expenses, etc. and is issuing to pay off previous loans. I would not be surprised to see the share amount balloon to 200 million shares before the r/s. Even saying that the market value at current prices would barely pass $1,000,000.

Compare that to say MJNA which has a market value over $100,000,000 or HEMP (a share mill) which fully diluted is well over $100,000,000. Are they worth 100 times MDCN? What have they accomplished?

One result from a business perspective would at least put MDCN even with the two above mentioned companies. That's why I'm here even though it is hard to hold on. My IRA plan won't let me buy under 0.01 and at this point and the current price I might as well ride it out. I see a plan here at least. I do think though that compensation needs to be minimal here until we see those results. Management needs to earn its pay.