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A Favorite shorting tactic is to yell R/S when there is not one trying to scare away potential buyers.
There are now close to 10 billion shares outstanding (unless goldfarb did not unload, then ~8 billion)The A/S is 10 billion. With convertible debt that at this point would probably bring the O/S to more than 100 billion shares. Even the dumbest of the dumb can see a reverse split is assured. The company has no money and an untenable share structure. They can either shutdown or reverse split, there are no other options. It really does help to read the filings, even if the information is nearly a year old due to the company being stone broke.
They are moving down in the world, their new auditors cater to OTC trash http://www.otcmarkets.com/research/service-provider/Sadler-Gibb-&-Associates-LLC?page=1&pageSize=50&id=2131&filterOn=5
It will be amusing to see those who listen stock promoters instead of just calling FINRA get smoked by the coming reverse split.
That is a website made by a shady exbroker to promote scams. I explained what the daily numbers are and you can ask FINRA to confirm it. The numbers that actually represent short positions are put out every two weeks by FINRA as per below.
http://otce.finra.org/ESI
04/13/2017 Notis Global, Inc. Common Stoc NGBL Other OTC 52,949 52,949 0 0 343,257,632
The daily numbers have nothing to do with short positions. Try asking FINRA who puts out the numbers instead of the liars and fools who tout them as short positions. When a market maker matches a trade they sell to the buyer and then buy from the seller, trades done like this are marked short in those numbers as the first leg is what is marked, and it is short. Better to actually understand the market than rely on criminals who lie to you.
There has not been any shorts in this scam since it was around a dollar. It is very easy to check, last I looked there was like 1$ in short shares. The federal reserve has regulation T which makes shorting low penny stocks unviable due to 2.50/share in margin.
https://www.google.ca/search?q=reg+T+short+sales+2.50&ie=utf-8&oe=utf-8&gws_rd=cr&ei=hQ8CWdXeHcfcjAO6-pbIAw
The only thing you are going to get here is a whopping reverse split as there are many billions more shares in convertible debt already issued that will need to be dumped on suckers.
Seriously it's a whole new company.
Anyone with even the most basic grasp of business would find that laughable.
Honest people don't take over fraudulent shells. Really, really stupid people do though sometimes. So either the folks now in this scam are either dishonest or extremely stupid. By the fact that is has been used purely to enrich insiders, dishonest is the actual answer. That is why the company is essentially bankrupt with a untenable share structure.
Looks like it is not his anymore
https://www.palipost.com/fraudulent-marijuana-pioneer-forsakes-paseo-miramar-home/
MDBX/NGBL was never a real company it is a fraud set up by a felon named Vinny. Even that information is enough for anyone sane to realize this stock is a worthless scam.
When Jeffrey Goh Speaks People Listen.
That is because he offers them convertible debt at a 50% discount. He was so good at talking he has taken the stock from 10s of millions of shares to 10s of billions fully diluted. Meanwhile destroying and then liquidating basically all the company assets. What a guy!
Are trying to say that nobody would drop a million dollars or so to buy something that the maker can't even run and has been broken for 3 years? I know when I spend like 20$ even I expect the product to be broken, why would someone care about a million dollars? ;)
Only a fool would buy stock in the secondary if they have actual money. He could have gone to the company and bought convertible debt at a 50% discount. The fact that he did buy in the secondary market shows he has no idea whatsoever as to what he is doing. That is not taking into account the company being an insanely stupid investment. If he did not sell out he is now 100% stuck and will be wiped out by a reverse split.
Nobody owns the float it is 7+ billion shares right now, if max did not sell it is likely nearing 10 billion.
At this point it is impressive that even 500$ is traded. Considering the company is officially shutdown now and has been shutdown unofficially for 3+ years.
also with their HQ in Cali.
You mean virtual office? They don't have a real one.
Incorporated in Nevada,
Being incorporated in Nevada is actually the worst red flag for any penny stock. There is zero chance of any penny stock being legit that is incorporated there. Penny stock scammers use it because it is so scam friendly. You can actually just immediately tag any penny stock incorporated there as a scam without even reading a single thing else about it.
What's the point of a rs if the company has no plan afterwards? And why does everyone look at an rs as a bad thing?
They do it so they can sell more shares and there is a 100% chance of a massive loss for every shareholder after one.
For sure. It would be a surprise if the filed as I doubt they intend to as they still owe the last one.
I have never said otherwise. Well unless you don't understand what "fully diluted" means. It is a very basic term that is common and very important as far as OTC stocks. When scams sell death spiral convertible debt it is important to know how much fully diluted stock is possible. That is how I can in confidence say there will be a massive reverse split and then another one after even.
You can read the filings and take the CDs and terms, compare them to the share price and extrapolate a fully diluted share count. Sadly like scam companies many times do this one hides the actual share count by telling the TA not to release it. The last outstanding number is really old, that is why you snipped it out of your cut and paste. This stock is likely nearing the 10billion now.
Authorized Shares 10,000,000,000 a/o Apr 25, 2016
Outstanding Shares 7,196,422,273 a/o Oct 18, 2016
Even the most basic logic without even knowing should tell folks it is nonsense. If they actually put out the short interest every day then why do they put it out every two weeks and why is the weekly number always trivial? It is a good indicator of people who are dumb or criminal though. Even the most basic understanding of how markets work would tell you that if it was economically viable to short low penny stocks there would be huge short numbers in all these scams all the time. It would be free money basically as the OTC scams always go to zero. I could pick out 100 stocks that will have 90%+ loss in price within a year super easily.
When it is based off of the lowest price at a 50% discount which is the norm for these folks it does not take much. 10billion shares at.00005 is only 50K and they have a lot of outstanding debt.
who knows what next filing might say.
They will likely never file a financial statement again. Probably just string suckers along with 8Ks while pocketing every penny they can. There is not much option now when they have liquidated or encumbered everything and the share count is 100billion+ fully diluted.
Growing hemp on a 500 acre farm in Colorado with 8 greenhouses and they process their own clinical cbd.
They don't grow hemp and they also don't process anything or have any equipment to process anything. You should read the filings as I have.
They don't, they are essentially bankrupt and have fully diluted share count in of >100 billion shares. That is why there are no financial statements since the end of June. The stock started as a fraud and is now a piggy bank for the newer management. The stock will be reverse split soon so they can take some more cash from suckers.
Market makers do not hold penny stocks down. They just match trades mostly. What has been holding this down in a big way is either Goldfarb dumping or CD holders dumping. If the second then the A/S must be nearly maxed out which means reverse split pronto. Too bad scams like this one hide their share count by gagging the TA and now not even filing anymore.
Buy more, in fact mortgage your house and sink it all in this stock.
It is just a guess, but I would agree that the dumping in the last bit is likely Goldfarb flattening his position.
It will be amusing when they announce the reverse split.
Goh's should do a Spin-off or Dividend.
What in the world would they spinoff or dividend? They cannot even afford a few grand for the 10Q due 6+months ago and they only have one asset which is encumbered. The only thing left would be a stock dividend AKA forward split which is impossible as they already have a fully diluted of 100+ billion shares which is way past the A/S.
So you want it to hit zero bid? The volume lately has been massive dumping not people bidding the stock up.
They probably outsourced the 10K to someone in China on Fiverr
https://www.fiverr.com/categories/writing-translation?source=hp_cat_sec
They should have paid another 5$ to get someone to proofread it.
Grade A English for sure.
"of which one is were executive management, one and one half were in finance and administration, one were in operations."
NGBL#$$:Talking About The Future not the past,never said they was a pot-stock,it's all about The Machines,
Well you are in the wrong place as this company does not sell machines and when they did nobody wanted them.
The Prime Minister of Canada will announce on Monday that the country will legalize MJ Nation-Wide
Why would you make things up? I happen to live in Canada and everyone knows it will be legalized already. I can drive about 4 mins to a store and buy some anytime, there are like 30 pot stores within a 20min drive from me right this second.
A vending machine in every pot-shop in USA & CANADA
Uhh, bullshit. This scam does not even sell machines anymore because nobody would buy them. The put out fraudulent financials about selling them and then we found out nobody wanted them or bought them.
Don't worry there are tens of billions of shares in convertible debt the lenders will be happy to sell to suckers at a 100% markup.
The company has stopped filing, is broke, and someone has dumped a billion shares in a couple days. Yeah, sounds like a good sign....
Please buy more of this stock.
Your lack of understanding is astounding. You should buy more of this stock......
Actually there is not 52,949 shares is like a dollar or something. One year back it was four times that..... http://otce.finra.org/ESI
If it was possible to short sell trash like this everyone would be doing it. It would be free money. Go look at the % of stocks on the OTC that hold gains. It is nearly a 100% chance that if you dumped money into 50 random stocks on the OTC in year they will be 99% losses. If you could short sell them people sure as hell would as it is a no lose proposition. Even better tell your broker that you want to do it and see what they say.