Medican Enterprises Inc (MDCN)

[Wildcat888]

Different responses from BCSC... So here us the response I got back from BCSC and it seems different people in their organization are giving different answers... Like our other friend mentioned the partial revocation fee is only $750... This person is going back to $2500. This is the copy of the response...

Dear Sir/Madam:



I understand you are a BC resident interested in submitting a partial revocation application to trade shares in Medican Enterprises, Inc. (MDCN). The cease trade order (CTO) in British Columbia currently prevents you from disposing of shares unless a partial revocation of the 2015-09-09 cease trade order is granted. The other alternative is for the company to submit a full revocation application of the CTO, however this is the company’s responsibility and they have not made an application with the BC Securities Commission at this time. The recent disclosures made by the company in the link you provided, as well as with OTC Markets and with the Securities and Exchange Commission on EDGAR are not sufficient to have the CTO revoked.



An individual may apply for a partial revocation of a CTO under section 171 of the Securities Act, R.S.B.C. 1996, c. 418 (the Act). If you wish to go forward and make an application for a partial revocation of the CTO, the fee to apply for a partial revocation application is $2,500. In regards to your query about sharing the application cost, unrelated applicants typically must file separate applications. Prior to filing an application and paying the fee, please provide a short response describing the nature of your relationship with the other potential applicant(s), and if you think it’s warranted, and why a joint application may be applicable. We can then access this information.



If a partial revocation order is granted, you will indeed have to direct your broker to the partial revocation order to sell your shares. This is typically completed through telephone banking, as online direct investing brokerage systems are typically not set-up for these trades. The partial revocation order, if issued, would publically display the name and holdings of the beneficial holder(s). A partial revocation order is not guaranteed if an application is submitted.


In order for us to look into your eligibility to have a partial revocation order granted, please provide:



· Copy of your brokerage statement showing shareholdings of MDCN,

o brokerage statements from the date(s) you acquired the shares of MDCN,

· Photocopy of driver’s license or identification card,

· A response about shared application cost described above,

· A response to the question: Do you anticipate requesting a partial revocation application for any other company’s under CTO or not? If yes, describe.



Prior to paying the fee and submitting an application, please provide the information above and wait for my response. Once I have reviewed the response, I will provide additional instruction on how to submit a revocation application and pay the fee.



Please let me know if you have any questions.





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Chris Hall, CFA

Compliance Officer

Corporate Finance

British Columbia Securities Commission

1200 - 701 West Georgia Street

Vancouver, BC V7Y 1L2

Tel: [phone]

Fax: [phone]

www.bcsc.bc.ca

Email: [e-mail]

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