Medican Enterprises Inc (MDCN)

[PaperSherpa]

This post is directed at Medican management.

I was browsing IHUB and I found this post at TPAC in the stickies. Please give this some consideration in the future, Thank you


wow do I like this: Several people have asked me( bill m.)directly if we are planning a reverse split. The answer is a firm No. We have been approached by many people who have encouraged us to do so and we have soundly rejected all discussions almost immediately. I learned a long time ago to never say never, but there are only a few circumstances in which we would entertain the thought of a reverse split. When the company is achieving revenue and when the company can, on a consistent basis release positive news and when we can show growth and value for our shareholders, we may consider a reverse split. But even then, we would only do so in order to provide us with a clear and immediate path to NASDAQ, AMEX or the NYSE. A reverse split at this juncture would only boost the stock momentarily and then the stock would free fall.

As I have told everyone, we are in this for the long haul. We are all aerospace guys and know that in our business it is a marathon, not a sprint. We will continue to exhibit patience and persistence and remain confident in our plan, our path and our goals.