Medican Enterprises Inc (MDCN)

[CDash]

Poison Pill - A strategy, or strategies, to make the company/stock look less attractive as a target for hostile takeover that usually involves dilution in one manner or another whereas investors get their hands on a large number of stocks at a discount price.

I suppose a CEO would then need to provide a manner to maintain control, such as preferred stocks with ridiculous voting power. That fits what we're seeing, but why would anyone try to take over a company that does not appear to have much of anything... I would bet against the poison pill theory as applicable. Considerable valuable assets/resources are a prerequisite. These are my own thoughts and opinions. Although a weak company might possibly be taken over with a very small amount of cash, such that minimal assets might make it worthwhile. On another note - an ingenious scammer would try to make it seem like their company is doing this for the good of the shareholder. Someone posted #34379 a link to a page that tries to explain why they think this stock is pure scam.

Regardless, on the surface it is what it is... Massive dilution... Massive price crash... In the end it's either gamble or don't. My opinion, especially after reading what was posted on stockmarketscam.org, is that right now the bidders are choosing the pps. ASK will entice for a bit, but BID will eventually get their price until this bottoms out (a time when all shares are sold)... and we all know what's coming due next week. If KW wants me to have cheap shares then my price is 0.0001>?>0.00005. But what do I know... nada.