Notis Global Inc. (fka NGBL)

[penknee]

Notes from the conference call.


Independent members of the board:
Mitch Lowe co found netflix
Ned Siegel former ambassador
Looking for 3rd independent director

Transition to recurring rev and partner w growers and dispensaries from a onetime fee business model.

Medbox is a very small part of business.

Will take time to generate a profit

25+ active license applications. (Most of the future rev will come from this type of consulting and setup of dispensaries)

Portable vaporizers from Vaporfection will begin sales in the Fall.

"We will need capital to expand"



Tom iwanski CFO:
financial consultant since apr 14

Revs down over a million
from change of business plan

Active in "locking up property" (they didn't elaborate).

My vape this fall

Op exp increase $300k

Hardware and software $$$ increase for MDBX development costs.

2013 Net loss of 5 cents per share
2013 Net income of 2 cents per share
Decrease of $2 million

2014 net inc $2.7 million
Net loss $.09 per share
Net inc $.00 per share

Cash of $1 million on hand

Sold biotech software and Medvend Holding to Vinny for $1.2 mill in
stock=60000 shares

Sold $2.4 million worth of stock first 3 mos. No sales of equity in second 3 mos of 2014

Guy: email answers
Why are revs down?
Reflects transition of business model to building a perpetual biz model.

"Wash Oregon San Diego and Nv are robust markets"(not sure what that means)

Multiple applications for Illinois

First sales of portable vape "MyVape"

What's up with pps?
can't comment.

Why change biz model?
Management felt time was now to move into a higher profit recurring rev model.

Why did they replace CEO?
This strategy has been in place for quite sometime. (He did go on to say that it would help to take the co to the next level.)

Will the co runout of cash?
Lots of interest in funding from multiple parties. (Who asked that dumbass question? The real question should be; why are you raising money at a significant discount to the stock price?)


Details of recent financing? Who lent the money?
All details are in second quarter 10q and 8k. We are very happy with our investors.

Will they list on Nasdaq?
As soon as practical. Important part of corporate strategy. (Could be best news of all.)


Me:
Everything in parenthesis is mine and I paraphrased a lot. The call was 30mins.

They definitely ignored the pertinent questions, but what did we expect.