Medican Enterprises Inc (MDCN)

[PaperSherpa]

Here is my thinking on all of this. At first I thought, ok they are buying a branding company,makes sense but it would make sense to have product to brand so they are doing things somewhat out of order until someone pointed out that it is a letter of intent. Now this makes more sense to me as aquisitions happen, share price climbs, they seal the deal on the branding with increased pps shares and product starts rolling out the door or something to that effect.

Regarding the L2, if you were a market maker and you had control of the price, what would you do right now? Branding deal not complete, aquisitions not complete. Would you buy several million shares at .06? at .04? at .03?

If I were a MM, I'd short it to a discount, cover low, accumulate and ride the rocket.