Medican Enterprises Inc (MDCN)

[M-Fondu]

"The Company has also terminated its interest in pursuing the purchase of real estate and other opportunities in Arizona and California at this time. The Company is focusing its efforts on projects in other parts of the United States including Michigan"

That's a shame. So, what's next? What will drive up to a penny to remain in QB? Michigan is in the United States so what's the point of isolating Michigan? In my opinion that's is a half assed way of saying "we don't have a game plan so we're going to see what Michigan can do for us.." What a crock.

Sorry malvern, and I hope I'm wrong but, I doubt it... News won't do shit for anyone. Everyone is down 75-95% at this point. I'm holding myself because at this point, wtf else is there tbo lose... But I can't see any news that will create a run and sustain a healthy price. They screwed us all. Totally bailing on AZ and additional Cali acquisitions is going to hurt for a while. I guess that's what John meant in his radio interview when he said Cali news in the coming weeks, meaning "we're bailing on Cali".