{"id":5581,"date":"2015-05-09T15:14:53","date_gmt":"2015-05-09T15:14:53","guid":{"rendered":"\/?p=5581"},"modified":"2015-05-09T15:34:05","modified_gmt":"2015-05-09T15:34:05","slug":"medican-enterprises-inc-otcmktsmdcnd-is-still-unstable","status":"publish","type":"post","link":"\/articles\/medican-enterprises-inc-otcmktsmdcnd-is-still-unstable\/","title":{"rendered":"Medican Enterprises Inc (OTCMKTS:MDCND) Is Still Unstable"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90042\/f.png\" border=\"0\" width=\"431\" height=\"192\" \/>Medican Enterprises Inc (OTCMKTS:MDCN)&#8217;s headlong tumble to the bottom of the charts may have slowed down, but it doesn&#8217;t seem to be over. Yesterday, the company lost 5.13% of its market value, and if judging by today&#8217;s slow start, the same may end up happening in this session as well. <\/p>\n<p>Truth be told, this turn of events should not have been all that hard to predict. By the time the reverse split signified in the company&#8217;s ticker symbol happened, <strong>MDCN <\/strong>prices were already going down hard.<\/p>\n<p><strong>MDCN <\/strong>had never looked all that inspiring &ndash; its failed acquisitions and complicated, yet unsuccessful, maneuvers have cost the company a lot of credibility.<\/p>\n<p>Another thing that makes it hard for it to impress investors is its mediocre balance sheets:<\/p>\n<ul>\n<li>Cash &#8211; $80 thousand<\/li>\n<li>total assets &#8211; $113 thousand<\/li>\n<li>total current liabilities &#8211; $8 million<\/li>\n<li><span style=\"color: #ff0000;\"><strong>NO REVENUES<\/strong><\/span><\/li>\n<li><span style=\"color: #ff0000;\"><strong>Annual Net Loss &#8211; $56.4 million<\/strong><\/span><\/li>\n<\/ul>\n<p>And if the net loss of<span style=\"color: #ff0000;\"><strong> $56 MILLION<\/strong><\/span> was not horrifying enough, the dilution that the company has heaped on investors in the last few months certainly paints a bleak picture.<\/p>\n<p>Suffice it to say that the last four months prior to the reverse split have seen <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=<a href=\">MDCND<\/a>&#8220;><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MDCND\">MDCND<\/a><\/a>&#8216;s <\/strong>share count grow from 47 million to over 447 million.<\/p>\n<p>As <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=<a href=\">MDCND<\/a>&#8220;><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MDCND\">MDCND<\/a><\/a>&#8216;s <\/strong>filings can attest, most of those came at hefty discounts &ndash; and as far as due diligence is concerned, there is no real guarantee that the flood of dilution will stop any time soon.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/90\/90042\/fsa.jpg\" border=\"0\" width=\"198\" height=\"51\" \/>Investors may want to carefully consider that before committing to <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=<a href=\">MDCND<\/a>&#8220;><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=MDCND\">MDCND<\/a><\/a> <\/strong>stock.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Medican Enterprises Inc (OTCMKTS:MDCN)&#8217;s headlong tumble to the bottom of the charts may have slowed down, but it doesn&#8217;t seem to be over. Yesterday, the company lost 5.13% of its market value, and if&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1621],"class_list":["post-5581","post","type-post","status-publish","format-standard","hentry","category-news","tag-mdcnd"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=5581"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/5581\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=5581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=5581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=5581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}