Medican Enterprises Inc (MDCN)

[fxsho2008]

The problem with that is thar even if (very big if) we own both buildings that values the company at about 5MM in real estate plus the value of all the shares so say around 5.5MM. With the OS at 550MM that is a penny a share. Still waaaaay below what many bought at and waaaaay below what is acceptable. Yes there is the 30% of gross and rental income. So yes we should instantly spike to a penny or a bit more on the hype but that is not acceptable at all. The other revenue (lease income and 30% of gross) is what we are going to have to count on. Is that really going to push that to $2, $3 or $5 so thar we are trading at respectable levels, free from flippers and attracting new real long term institutional money???? I don't know. How do you evaluate the income going forward. Do we attach a PE? Ken has diluted this so bad I'm not sure it will escape a penny. I am open to hear thoughts.