Whew that was a lot of reading. Going forward the complaints are still dirty laundry from 2015 and older. The only reference from a 2016 topic is when Medbox, ticker MDBX changed their name and ticker to Notis Global and ticker NGBL on January 28th, 2016.
The complaint is still filed from March 2017 when the lawsuit was coming up and that suit has passed and the rebuilding process continues.
Notis Global offical Statement:
On March 9, 2017, Notis Global finalized an agreement with the Securities and Exchange Commission (SEC), whereby the company agreed to abide by current and future regulations. Other than agreeing to the terms of the consent decree, Notis Global was not subjected to any fine or penalty. With the consent decree, Notis Global formally severs any and all ties to the former senior executives of MedBox, Inc.—thereby closing a sad, long-ended chapter in the company’s history.
We, the new Notis Global executive team, have spent the past 30 months cleaning up and moving beyond what had been MedBox, Inc. At the same time, we developed and have been executing our new business plan, which is beginning to show early signs of success.
In the coming weeks and months, we expect to have good, going-forward news to share.
In the meantime, I and the executive team remain committed to running Notis Global with the highest of standards and ethics.
Jeff Goh, President & CEO
