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Tangible Book Value Per Share Is $0.14
We are oversold . Everyone should add if they can !!!!!
Trust me if the price stays at this level or goes down I will do just that . It's 114M outstanding shares so I can have 5,699,999 shares and stay under 5% threshold so I can still add 850k at this time .
Look at the trades and you can see that 3.5M in the buy and 1.3 on the sell .
I think there is a good chance for the price to go higher in the near future this selling been overdone right now .it traded 12,000,000+ shares in two days that's like the float of the stock. Personally I can't add anymore shares because I don't want to go over 5% ownership . But for other people not to buy at this price is a big mistake !!!!! Good luck to everyone and Happy Thanksgiving !!!
I think there is a good chance for the price to go higher in the near future this sewing been overdone right now .it traded 12,000,000+ shares in two days that's like the fault of the stock. it traded 12,000,000+ shares in two days that's like the fault of the stock Personally I can't add to me anymore shares because I don't want to go over 5% ownership . But for other people not to buy at this price is is a big mistake !!!!! Good luck to everyone and Happy Thanksgiving !!!
I am good . Buy volume 3x the sell volume today .
I added 350k shares today at .0420--0.0455
Really oversold and when it bounce up it will be very quick and string easy 200-300% up
We should bounce higher way oversold in my opinion
Yes you are correct I am little under 5% owner . And my break even at .30c
I truly believe in turnaround of this company and I think that next year will be the year for that .
1/6 of the amount ? I hold 4.6 M shares right now and I will continue adding to my position every week at this level .
It looks like a final capitulation on the high-volume panic selling is what makes the bottoms!!!!!
I did not sell any shares ! I bought 150k more between .0450--.0510 and will add more in the am tomorrow.
.3c or triple in price ??
I agree !!! Let's ask the managment to explain .
750K at .0490
Someone is trying to do what ever they can to keep price down every day . And if sold today I think it's big mistake they bought your shares at Black Friday prices !
Pure manipulation !!!! Do not sell
Medbox is much better company then MJNA we just need to wait and we will be rewarded
MDBX cap 5.8M and MJNA cap 95M
This is unreal !!!!!!!! Should tell you how quickly the stock can move up!!!!
Looks like it's holding .05c level .
MJNA is same price as MDBX unreal !!!! We are way oversold and should bounce hard any day now I am adding at those prices !
Yes it will hold .5 area . Going up tomorrow
50dma and 100dma are at .10c
We are war oversold is today the day we go up past .10
This is the only type of funding they can get right now just wait six months to one year and when the revenues start coming in from growing they will clear the balance sheet get in while it's cheap Good luck to all!!!!??????
News .
Item 1.01 Entry into a Material Definitive Agreement.
On August 20, 2015, Medbox, Inc. (the “Company”) entered into a securities purchase agreement (the “Purchase Agreement”) with an accredited investor (the “Investor”) pursuant to which the Company agreed to sell, and the Investor agreed to purchase, convertible debentures (the “Debentures”) in the aggregate principal amount of $1,500,000, in three tranches.
The initial closing of Debentures in the aggregate principal amount of $400,000 occurred on August 24, 2015.
On September 18, 2015, the Company and the Investor entered into a first supplemental agreement (the “Supplemental Agreement”) providing for the sale by the Company and the purchase by the Investor of two additional $100,000 tranches of Debentures each of which have previously closed. Pursuant to the Supplemental Agreement, the third closing of $700,000 (the “Third Closing”) was to take place within two (2) days of the effective date (the “Effective Date”) of the Company’s Registration Statement on Form S-1 filed with the Securities and Exchange Commission on October 16, 2015.
On November 16, 2015, the Company and the Investor entered into a second supplemental agreement (the “Second Supplemental Agreement”), providing for the Third Closing be amended to occur in five tranches, with four tranches of $125,000 of Debentures to close on each of November 16, 23, 30 and December 7 and a fifth closing of $200,000 of Debentures to close within two (2) days of the Effective Date.
The foregoing description of the Second Supplemental Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the document, which is filed as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference.
We are oversold on every scale
Double bottom is in all aboard
Did anybody notice how it's been trading in premarket early in the morning around 915 to 9:25 AM .
Second day in the row it's been going up 10% in premarket
Going up big today oversold big times !
It is going to go up big soon tomorrow or Wednesday for sure !
I think it's very good entry point next year my target is .50c
From CC they are working on new financing and it will not be toxic ones.
Toxic financing will be over soon . Someone is really doing a good job keeping the price where it is now but not for too long lets talk in 2-3 month and we will see !!!!!
Up in early trading .
We will rebound tomorrow mark this post
10-Q will be filed later this week .
As expected, for the third quarter ending September 30, 2015, the Company again registered a large loss from operation. The vast majority of which consisted of non-cash stock-based compensation expense, along with legal and professional costs primarily associated with our second Form S-1 filing to raise additional capital and our 14-C filing to increase the number of authorized shares of common stock. We also posted $289,000 in revenues for the quarter, significantly up from $84,000 in the preceding second quarter and $148,000 last year. About half the revenues came from consulting fees and contributions from our Vaporfection subsidiary, along with some one-time non-recurring amounts.
I listened to the call and in my opinion it was a good one ! Going forward the company will make money on hemp growing. shares are very cheap right now everybody should add to their position and hold that's what I'm doing good luck to all !
What is the phone number for the call ?
Reg T applies to borrowing either cash or securities; we'll discuss borrowing securities very soon.
Can this be short sellers ??
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News!
Los Angeles, California (FSCwire) - Medbox, Inc. (OTCQB: MDBX), a provider of specialized services to the cannabis sector, including operators of dispensaries, cultivation centers, manufacturers and research facilities in those states where approved, today announced it will begin cultivating hemp on its recently purchased property in Pueblo, Colorado, following receipt of license approval from the state of Colorado and a Conditional Use Permit (CUP) from Pueblo County.
The company also announced it has signed a 5-year agreement with a local farmer and will begin planting in greenhouses on the Medbox property later this month. Under the terms of the agreement, Medbox will retain a majority share of the proceeds from the sale of products at Pueblo, after payment of expenses.
Medbox purchased the 320-acre property in August 2015. In September, the company engaged a general contractor, which has completed the initial build-out of greenhouses on the property in preparation for planting and growing in the winter months. The property has seven greenhouses totaling approximately 36,000 square feet and can house anywhere from 5,000 to 10,000 plants depending on the size of the plant.
“We are excited to achieve our objectives, first with the purchase of the land and now with licensing and CUP approvals,” said Jeff Goh, President and interim Chief Executive Officer of Medbox. “Partnering with an experienced local farmer serves as a solid platform and model for our future growth and full development of our Pueblo farm. We expect our initial harvest and sale of hemp products during the first half of 2016. The outside planting is slated for mid- to late spring of 2016.”