Medican Enterprises Inc (MDCN)

[stock_clerk]

It's not going anywhere Monday. If they do follow through with the reverse split it will not be trade-able till end of the week earliest. Period. Well, this can depend on how quick the company is on their end, but I've yet to see an R/S go through on a penny that was trading again the next business day.

And it sure as hell isn't going to .01. People who got scared and/or sold to avoid the whole issue most likely already sold. Also the fact that the R/S might be active effective on 4/20 is a catalyst for the price to rise when the shares become trade-able again, not fall. Especially if the company announces the closing of one or both of these properties. Ever think that's why the R/S was filed right after the news of the delay.

Anything could happen here...if you held all you can do is wait and see and then trade accordingly.