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Any kind of positive news from MDBX and this thing rips higher. You can see it across the space how when news is released on a given pot stock, they trade up sharply on that news. This is a change of sentiment in the space because since around March of 2014 nothing moved these things higher. They could of opened up the biggest marijuana plant in the world and still the stock trades lower. Now they're reacting positively to announcements and that variable is getting me interested again.
With that said MDBX had a great announcement of Vinny's retirement of 13 million shares plus his passive interest in the company now. So we don't need to worry about his personal life anymore as it no longer matters to MDBX, the stock.
SEC and DOJ investigations will continue on the people, not the stock nor the company as allegations will be geared towards the people who orchestrated them.
If the people running MDBX now can muster up any sort of positive business news in the next several days/couple weeks, this will trade significantly higher. Perhaps the Mi-Vape product can be the catalyst. I don't know, I'm just guessing but really it can be anything now that the reactions to PR's are positive.
Good luck all!
Ya agreed, 50 day is .108, holding that line with bids building...asks are all 5-10k, looks like the ask is about to part like the red sea and this makes its move back towards .27-30, then next stop would be .50-.75.
And specific to MDBX, Vinny out of the picture for over a year as well as his forgoing of 13 million shares could be the catalyst that allows this paper to continue making higher highs and higher lows, at least for the immediate future over the next 1-2 months.
There is definitely a bid coming into the pot sector...look at mdbx, cbis, erbb, grnh, and mcig...all forming similar reverse head and shoulder formations on there daily charts. It's because of the october/november ballots. Ohio is set to vote on approving marijuana and people are bidding these for a trade. Look for MDBX to get back to .28-.30 and if that breaks, anywhere from .50-1.00 is possible, I dont think we can get much further than 1.00 but who knows. Anythings possible I guess.
This can be traded off .10 cents as your stop, looks like its formed pretty solid support there. Not a bad risk reward 10-15% on downside, upside is 300-1000%.
Good Luck!
MDBX went from 10 to 90 in early 2014. I think you have your dates crossed up. Either way, I think your right in regards to your comments about these stocks needing to make money to go up, but I'll say again that the market may be anticipating this as mdbx is beginning to react positively to news. Thats a sign that cant be overlooked, because when good news comes out and stocks have no reaction or react negatively, that is always the time to sell. In this case were seeing positive price action post news and a technical reverse H&S forming...not saying this is a great "investment", but I think the risk reward is there for a trade against .10, your risking 10-15% to the downside and have 50-100% minimum upside if this starts to head back towards .30. Thats a good risk reward.
Anybody know of any marijuana news or laws perhaps coming soon? I'm starting to see some of these crap pennies react to news in a positive way. MDBX and ERBB both had massive moves off their lows. They gave back a bunch BUT just the fact that they reacted positively to news could be a signal that something is changing in the sector.
I looked back a few years and noticed that a lot of the pot stocks had great fall/winter rallies in jan 2012 and jan 2014, so I noticed an every other year trend. Maybe something with when politicians are voting on stuff more broadly. I dk, just trying to figure what it means that mdbx and erbb and a couple others are actually moving higher on news. Because for the past 1.5 years news has meant nothing to these stock prices. Could be the market giving us a sign that these could come back into favor for whatever reason.
Any thoughts would help!
Was there more than one T trade today?
Thats fine we dont need a chiropractor in our line of business, never made sense to me anyway. Let him liquidate all he has and lets move on. He probably has gone through most of his shares with these 500k T trades everyday for the last few weeks.
T minus 10 minutes until lift off IMO
Last chance in my opinion to get in before this thing starts ripping higher. Chart setting up lovely for takeoff.
This was once a 1.2 billion dollar company. It now trades with a market cap of 7 million. It could go up 1500% and still be worth about a 10th of what the market once traded it at.
The risk reward is good enough to buy at these levels.
Good luck!
Turdbox is attempting to turn itself back into medbox :)
Describe to me one good reason why after vinny and bruce have filed 1000 form 4's on time the last 2 years that all of a sudden they decided to stop filing them and not be compliant?
You have no basis for this speculation. They haven't cared about the price as its gone from dollars to pennies so why would they care about "hiding" form 4's now.
I think your really speculating and stretching on this assumption. I also think that Ned Seigel wouldnt waste his 100,000 dollars in cash by buying the stock unless he had information that we arent privy to. Just no reason for him to think the stock would stop falling and put money on the line when his 2.2 million in compensation is already 98% stock. Something positive is coming here, no question in my mind and the purchase of 320 acres of land is the beginning of a turn around attempt.
No T trade today!!!! Maybe it will stop going down now :)
True but its worth a shot a these depressed levels as the market may anticipate the closing and move the pps higher before its finalized.
Read the filings, they announced on June 11th via the 424B3 form that they would be issuing 40,134,556 shares of common stock. Thats why we've seen the precipitous decline in the stock price coupled with the rise in volume since mid June. It all makes sense now. This must be the beginning of a massive plan and they needed the cash to buy the property. And now we know why Ned bought over a half million shares. He see's value even at TWENTY cents which is where his purchase was. This should be positive for the stock price even in the short term in my opinion.
Thats great news because at least the money is being spent on real estate that will hold its value and add an asset to the balance sheet. They cant spend real estate like they can spend cash. Shows that they are truly trying to turn mdbx around.
Thats a great post! Hahahaha. I cant wait either!! Still no more selling from Bruceee and Vincenz since 7/7 with a massive buy of over 500,000 shares by our chairman. I don't believe there has been a period this long where both bruce and vinny haven't sold any shares.
Something positive must be coming!!
At a 60% lower clip today than prior days!!!! And it printed well before 4pm which could indicate its nearing an end!!!!
Goin greeeeeeeeeennnnn!!!!
Omg to da moon!! lol this is the beginning!! 21 straight days with no new intraday lows, definitely something brewing here. Plus they issued 41 million shares and based on the looks of the recent volume trending down we may be through the dilution period, up we go from here!
Oh boy oh boy!!! NO MORE T trades!!!! Get ready for next weeks saturn V rocket to the moooooooooonnnn!!!!!!
Time to go back up!!!
What rumors? I state fact, Ned bought over 500k shares on 7/10 and vincenz and bruce bedrick from bedrock and the flintstone gang havent sold any in 10 days, the longest such stretch going back for a while. And now there are massive bids on lvl 2 of over 600,000 trying to scoop between .12 and .1303.....These r not rumors, it is my speculation that things are turning. They cant get much worse from a perception stand point so MAY be a good time to buy. I dont know but maybe it is! Well see...
Giddy up! I'll take it anyway they give it haha, that sounds dirty
With our chairman Ned buying over a half million shares on 7/10 and Bruce and Vinny not selling any the last 2 weeks, something could be brewing under the hood here!!
$$MDBX
Over 600,000 shares on the bid on lvl2 between .12 and .13. Not going lower
That was when the stock was 900% higher than these levels and look what happened to it??? He was right for selling, now he's buying so if the trend holds then that means mdbx is going higher.
I smell a 100k share order coming through and shredding lvl2 up to .14
What other major purchases???? He only owned 122k before this purchase of 500k. I don't know why he was involved with companies in boca or BC. What I do know is he is credible enough to be hand picked by a former U.S president in George Bush and a potential U.S president in Jeb Bush to be on two boards of U.S government entities. Everyone knows the Bush family runs this country so if Ned is in bed with them then I am in bed with Ned. lol
Why are you people on this board so interested in trying to shoot down this company or its potential? It's deep value here and has problems but problems that are fading away in the past. Good time to take a little risk here. Just my opinion.
Do you know anything about SPNG??? Those guys were complete frauds. Advertised in almost every major league popular sport in the U.S, NFL, MLB, and the NHL. They owed several clubs hundreds of thousands of dollars for advertising space they were using in their stadiums and phony checks started bouncing left and right.
Vinny doesn't owe anyone anything. This is not even close to the same thing. Everything about SPNG was a fraud. Their whole business didn't even exist. Now your really stretching. Get over it, this isn't going to be shutdown and new management is steering the ship in the right direction in a lawful manner now.
Your completely speculating and your definitely wrong. All of these T trades are not sells, maybe some of them are. Pps wouldn't of been increasing on days when massive supply was hitting the market. That's common sense.
But the chairman wasnt buying a half a million shares back then :)
Ned is not some penny stock schmo, he has high life connections in the U.S government and he just told you MDBX isnt getting halted or sued or shutdown, he put his money where his mouth is and thats good enough for me to throw mine in there as well.
You dont know if its a seller. My boy Ned Siegel could of bought another 500k! He went from owning 122,000 shares to 641,000 shares an effective FOUR HUNDRED AND TWENTY FIVE PERCENT INCREASE IN HIS HOLDINGS.
This doesn't mean anything to you? Cause it sure as hell means something to me. He didnt just buy 10,000 shares and do some mickey mouse purchase to show face and pray the stock holds up, he DOVE IN HEAD FIRST for over 100,000 U.S dollars, in ONE DAY. That doesn't tell you anything about what he thinks is coming for the company and ultimately the stock?!?!?!?
Im so excited I cant contain myself :)
Are you out of your mind??? SPNG??? That was ran by two con men who knew nobody??!! Let me tell you why your so wrong. Ned Siegel is an Ambassador and the chairman of the board at MDBX. Ned Siegel was appointed by JEB BUSH AND former president GEORGE BUSH to serve on boards of two government agencies
And Ned is buying stock now at 500k a clip. Thats for starters. You know who else is on the board?
Mitch Lowe the co-founder of NETFLIX! And guess who else????
Jennifer Love who was the former chief security officer for Cablevision AND a former director of the security division for the FBI.
You guys are all talking about former former people who ran this company that are NOT HERE ANYMORE. Its a different company and since the stock wasn't halted by now, that leaves me to believe that it wont be and those former people who may have done wrongdoing will be dealt with on an individual basis. They have roots in this company to keep the train moving. Those SPNG guys got shut down because they were low life monkeys that schemed everyone.
I'll say it again your DEAD WRONG, this is not no SPNG. And it IS going higher. The chairman doesnt step up like that and buy 500k shares if he thinks there is any chance of this company getting shut down and he CLEARLY has high level connections in the U.S government....CLEARLY.
100k bid just came in at .145 and thats really important because .145 been a pretty solid resistance point over the last few days and a pivot point over the last few weeks. Looks like we move higher into the close as I said earlier!!
I smell more form 4's coming....Ned gonna avg down and get more cheapies.....looks like were gonna get some more late day buying today to scratch in another green day. There are just no sellers down here. Another thing I like is we haven't seen a massive dilution spree to get to these really low relative levels versus where this stock has traded to and if you look at the volume over the last few weeks its grown consistently day after day leading me to believe that we can see a capitulatory type bottom at that 10 cent level with the float now in new non-desperate hands.
So I think it goes higher from here.
I don't think it did because someone would of had to avg .127 throughout the day for a t trade to post once the trade was filled. T trades can post during the day as well if the order is completed before eod and there weren't enough shares traded down below .127 to get a .127 avg. Either way the end result was the pps rising so it could have been a buy or a sell but again neither makes any sense given the avg weighted price of where shares were traded today.
TD ameritrade did not print that 500k that you and Janice speak of
I smell more form 4's in the next couple days as insiders load up on the cheapieees!!! Just a hunch!
Don't trust the court system, it's a fraud in itself. The entire country is a fabricated landscape controlled by the organizations with the most money and power. America is not what it once was.