Replies to post #2843 on Medican Enterprises Inc (MDCN)

[UserAlias1]

Convertible debt holders probably aren't looking at:

is about to close on two locations that will add about 16MM in annual revenue to the books makes no sense to sell for a small gain

If converted right now, they're looking at shares they paid .00052/share for when it's currently at .0013/share! Selling .00052's for .0013 isn't "for a small gain" it's for a 150% gain! If they managed that on the whole $66K, they would make $99K in profit!

Shareholders should prey the share price goes up and stays up for over 20 days, or the window stays open to more dilution per $1 of debt converted...

On top of all of that Congress is entertaining a federal legalization of MJ

Not sure why that matters to convertible debt holders of a company that has made how many profits on MJ?