Medican Enterprises Inc (MDCN)

[fxsho2008]

If Ken Williams had any smarts he would have diluted the second the RS took place at .06 all the way down to current levels and easily could have accumulated $10MM in cash, probably alot more to acquire TWYNS and purchase the TWO Arizona properties. All of that would have cost about 6 million, maybe 7 million at best leaving him 3 million to BUY BACK SHARES! Even if he were to buy back 750MM shares at DOUBLE our current price, say .0035 costing about $2.5MM, still leaving some cash for operations and so on. If he did that and in effect locked up the OS and float while averaging down a cheaper share price the company would be in a good spot now. What did he do with ALL that cash????