Apr 20, 2015
1:10
For every 10 shares held, investors received 1. The price per share adjusted from $0.01 to $0.06.
The split itself did not change the total investment value.
Medican Enterprises Inc (OTC:MDCN) operates in the Pharmaceuticals: other industry.
Medican Enterprises Inc company overviewMedican Enterprises Inc's most recent stock split was on April 20, 2015. It was a 1-for-10 reverse split, so shareholders received 1 share for every 10 they held.
Medican Enterprises Inc (OTC:MDCN) has split its stock 5 times: a 1-for-20 reverse split on April 9, 2001, a 1774-for-741 split on January 7, 2008, a 1-for-4 reverse split on November 26, 2010, a 20-for-1 split on October 2, 2013, and a 1-for-10 reverse split on April 20, 2015.
Medican Enterprises Inc has split its stock 5 times. This history records 5 splits between April 9, 2001 and April 20, 2015.
A reverse stock split combines several shares into one and raises the price per share by the same factor, so the total value of a holding does not change. In Medican Enterprises Inc's 1-for-10 reverse split on April 20, 2015, every 10 shares became one share. Companies often use reverse splits to lift a low share price, for example to keep meeting an exchange's minimum price requirement.
Medican Enterprises Inc has not announced a new split in our records. Its most recent split was on April 20, 2015, 11 years ago. Companies announce splits in advance, and any new OTC:MDCN split will appear on this page.