Medican Enterprises Inc (MDCN)

[fxsho2008]

I am not an expert on this but as I understand it because the old management did not update the financials on the OTC site and the information went from "limited" to "Stop" it signifies that the company is not making public all of its doings. With that said that rippled to the Canadian exchange and as I understand it how it works in Canada these deficiencies in reporting cause a "cease tade". I believe all brokerages are then not allowed to buy or sell the security until these are cleared up. Similarly in the US you will see that most brokers will not allow you to buy MDCN with the Stop on the OTC. You can hold what you have but not buy or sell. I know of a few that will allow, like Interactive Brokers. It is not that easy to remove these stops or cease trades or chills as they are sometimes called because financials need to be in order, share strucuture needs to be updated, all other filings need to be in order AND the company needs to pay to get all of this straightened out. I know to update Nevada SOS it is about $25k just for that. I am sure attorneys are needed as well...so you can imagine. MobiWeb, in using the MDCN shell to go public needs to pay for all of this and sort all of this out. Now you have Ken, the old management idiot screwing around with any progrgess Mobiweb is making further hindering progress.