Medican Enterprises Inc (MDCN)

[fxsho2008]

I think when news hits we go MUCH higher than a penny. There is big money in this at .02 - .03 range as the last time it ran 100% many larger hands got in. Those people are not going to be happy with a penny so I suspect many longs to hold much longer for .05 at a minimum. With the float at 170MM and the OS at 310MM I would tend to think if we get solid news this will run to .25 with ease basically due to the minimal share structure. Looking at some other stocks such as FITX with 3.5B OS and a float of 3.4B it ran from .001 to .12 in a hurry no nothing but fluff. A solid real estate closing will instantly value the company at 5MM on top of 16M annual revenue from rental income and consulting feels.