InvestorsHub Logo
Followers 122
Posts 43824
Boards Moderated 1
Alias Born 09/06/2012

Re: None

Thursday, 03/06/2014 11:52:27 AM

Thursday, March 06, 2014 11:52:27 AM

Post# of 37358
MDBX CEO Bruce Bedrick and securities fraud



the restatements of the 2013 9 month figures were filed with otcmarkets on January 29, 2013, way after MDBX CEO Bruce Bedrick was selling milions of dollars of MDBX into the market...

2013 9 month financials Filed with Otcmarkets Nov. 19, 2013
$5.0 million revenues
$647,140 pre-tax income

January 7, 2014
MDBX CEO Bruce Bedrick sells 33,000 MDBX shares into the market for $1,862,000.

then the very negative news about the 9 month financials comes out to the public


2013 9 month financials RESTATEMENTS Filed with Otcmarkets January 29, 2014
$4.8 million revenues
Pre-tax net loss of $73,045





=====================


here is the Nov. 19, 2013 filing for the 9 month financials:

http://www.otcmarkets.com/financialReportViewer?symbol=MDBX&id=113733


and here is the January 29, 2014 filing for the Restatements:

http://www.otcmarkets.com/financialReportViewer?symbol=MDBX&id=115813

and here is the January 7, 2014 sale of $1.9 million worth of MDBX stock by CEO Bruce Bedrick, which has a Feb 12, 2014 stamp with the SEC, but the sale was made in Jan 7, 2014, before the bad news came out about the net loss:

http://www.citronresearch.com/wp-content/uploads/2014/02/SD000000002126838435.pdf

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.