Notis Global Inc. (fka NGBL)

[236T568]

Medbox, Inc. (MDBX) Issues False and Misleading Press Release Regarding $1.0 million Cash Received


1. MDBX issued a March 8, 2013 press release stating that $1.0 million of a $6 million equity financing has been paid by the March 8th date of the press release:

http://ih.advfn.com/p.php?pid=nmona&article=56629563

“Secured a $6 million equity transaction with a private investment company ($1 million paid to date and another $5 million to be paid by May 2013)”



2. MDBX was referring to the equity financing mentioned in this press release that stated that the cash investment was made on January 17, 2013:

http://ih.advfn.com/p.php?pid=nmona&article=56361606



3. MDBX filed a form 10 with FY 2012 audited financials on April 10, 2013:

http://www.sec.gov/Archives/edgar/data/1547996/000138730813000059/form10.htm



4. In the form 10 filed with the SEC, MDBX states that

“During January 2013, the Company received a total of $71,520 as payment for the sale of 16,000 shares of common stock during that period.”



5. There are no more statements by MDBX in the form 10 that discuss any cash received for shares of common stock issued by the Company during January 2013 or for the any period from the beginning of 2013 to the filing of form 10 with the SEC.



6. The above shows that MDBX made false and misleading statements in the March 8, 2013 press release regarding the receipt of $1.0 million from the issuance of common stock as it only received $71,520, thereby attempting to manipulate the market price of the company stock with bullish statements that were false and misleading.