Medican Enterprises Inc (MDCN)

[V1nc3]

I see indeed that Mdcn is on the reg sho list. Apparently since March 19th. The latest date of appearance was 27th of March.

According to the storting rules, these shorts failed to buy back their shorted shares and they need to cover within 5 business days from the moment the security has been listed on the reg sho list.

When I look at otcmarkets.com I see 600k shorted shares as from 27-02-2015. Not sure what that number is now, but It needs to be more based on the volume of the last week.

Conclusion, there are shorties out there that need to buy back shares BEFORE 3rd of April. Again, not sure what this number is but we can expect at least buying volume because of this.

The Spike of last week was mainly because of the shorters that needed to cover before yesterday.

Now imagine if you are a shorter as from last week. You want to buy as low as possible but don't want to risk to buy at levels of 0,05.

Life will become easier for the shorties in case no news comes on Monday as they can buy back fairly low. However, if news hits on Monday they are screwed as the price of MDCN will only increase during the week IMO

Tough decision for the shorties next week. Buying on Monday or risking for 'no news' and buy back later in the week...