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Send him a PM. If he called in his concerns were addressed to his satisfaction obviously or he would be posting on this board negatively, with actual cause. Alas, where is he?
"pffssstttt. Like you wouldn't tell them not to say anything."
I'm sure. Since I get so much love on IHUB right? Lol.
He never reached out. Or if he has, we don't know the person by their handle. Why don't you PM him and ask for yourself.
"Wonder how the investors here on IHUB were contacted. thru a PM? "
Yet there isn't one person that you can identify that was contacted through a PM. If I contacted anyone through a PM on IHUB speak now or forever hold your peace!
"The company appears to have been soliciting unsophisticated investors"
Wrong. The company solicited no-one. Why don't you ask that source if he called the company and asked for restricted shares. Then you can ask him if Medbox only takes accredited investors. Fortunately for the company, every single shareholder that received shares directly from the company confirmed that they were accredited, in writing, as is the Rule 506 requirement.
Read Post 2263... you are mistaken
"Medbox Founder to Fund Expansion"
If you read our press release you also read that management decided not to go that route for a couple reasons. Form 10 filing and market volatility. Traditional funding seemed like the more responsible approach.
"Just some friendly advice".
It is appreciated and thank you. I simply wanted to clear the air that the "patent" opposition "Sam" was referring to was not a "Patent" opposition at all. I will leave your board in peace and let the company's performance speak for itself. I have nothing against "Sam" or anyone else here in the cyber world. I simply want things to be reported accurately. Thanks!
Vincent
An Affiliate
"Again, by controlling MDBX and having MDBX sell shares instead, he controls the cash that MDBX receives from selling the shares."
Your statement assumes that control persons in public companies can take cash from company accounts for personal expenses as needed without board resolutions, etc. That is false.
Moreover, this speaks to the fact that control persons should not be public officers. I for one didn't want that kind of headache. Checks and balances my friend... Checks and balances!
"would that by any chance be PVM International or Prescription Vending Machines, Inc - both companies involving you?"
Well, seeing as that Prescription Vending Machines was acquired by Medbox, that part of your question doesn't really make sense. You can look at our information statements and figure out who the affiliate is in a matter of a few minutes. It's no secret.
http://www.otcmarkets.com/financialReportViewer?symbol=MDBX&id=99387
"why, unlike Vince, you have failed to identify yourself as being with MDBX?"
So according to you, any supporters on this board are "with Medbox"? That sounds kind of strange. Would you care to elaborate other than the fact that the poster is new.
"why, unlike Vince, you have failed to identify yourself as being with MDBX?"
So according to you, any supporters on this board are "with Medbox"? That sounds kind of strange. Would you care to elaborate other than the fact that the poster is new.
Define "false and misleading statements". To me, that's a company that says they sign a deal but does not. Or a company that signs a deal with an overseas company in installments that can never be verified. Or a company that refuses to be transparent.
None of those are apparent here. You may find better answers by looking outside this company and into others in our space. It may be a more satisfying experience for you.
"Again, by controlling MDBX and having MDBX sell shares instead, he controls the cash that MDBX receives from selling the shares."
This statement couldn't be farther from the truth. If I make a statement in a press release or a public forum I better make sure it is 100% authentic. If a company is unloading shares internally, wouldn't it make sense not to come out publicly and state the exact opposite? Or better yet, not go fully eporting at all so you can hide in the shadows doing nefarious activities? I'm sorry but your arguments are not supported be reason or fact.
By the way, I appreciate you not attacking me personally. Keep things classy! Thanks
"I'm not really sure what your true role is at Medbox, or PVM and how it all fits with the ownership of the patent. I expect it is protected somehow."
99 year Exclusive licensing agreement between the patent holding company (Affiliate) and Medbox. All stated online in our disclosure statement.
"Produce value for the shareholder and perception will take care of itself. Unless his business is more about selling shares than anything else."
I couldn't agree more and that is what the company is doing. As stated in the press release this week, I nor any other affilate has sold a single share.
"selective disclosure".
Only applies when you aren't referring people to already published press releases and company information statements. Nothing I have said can't be found in our filings.
Thanks!
"Say, tell us again how YOU, your CPA and your securities attorney continue to falsely state that issued and outstanding preferred stock should ont be included in the financials statements of a company!"
Pink Sheet companies need not file anything at all. Voluntary filers, as Medbox is, do not have the accounting or reporting requirements you speak of. Now, that will all change when Medbox is a fully reporting company. We look forward to that. Invitation always open for you to come down and tour our headquarters. I would love to put a face to the handle.
Gotta run...
Cheers,
Vincent
"Revenues dropped significantly from the 3rd to 4th quarter 2012"
Yet, EBITDA increased. Hmm? I wonder which one of those a company would prefer... Increased Earnings or Increased Revenue?
"and yet you booked $418,095 in bad debt expense for the 2012 3rd quarter"
Given the lawsuits that the State filed against the State in Arizona questioning the legality of the MMJ industry in that state and it stretching out for over 1 year, obviously client contracts needed to be reorganized, canceled, or paid. Even with that bad debt write-off the company performed extremely well.
I hide nothing. I posted a detailed response this morning but it was erased by your moderator.
To answer your question in a concise manner, My past is not an issue. I helped staff the company with public company experienced officers. I have done a good job in sourcing talent. The invitation is always open for you to come down to the office so you can see us in person and judge for yourself after having actual information, gathered in person.
"Why hasn't MDBX beeen able to collect 53% of its revenues that it claims for 2012?"
Your answer is in a press release that Medbox posted in quarter 3 after the arizona lottery program whereas our cleints were awarded 20 of the 98 licenses for the entire state. Money is owed and will be paid as the clinics are allowed to open in Arizona.
Saying that the technology of tracking inventory, documenting compliance, and creating an unalterable tax record is not relevant in the newly emerging alternative medicine (MMJ) sector is severely miscalculated on your end.
"I fabricated nothing."
The person you were referring to that needed money and couldn't get his project off the ground was the guy that opposed the TRADEMARK. This has nothing to do with the patent. Stop misleading people.
Patent Number US 7,844,363 B1
Everything you said in your post is a fabrication.
Stop trying to mislead people here. It's sad.
"$1 mil at .0001 could be 10 billion shares, not saying that is what the deal is, but nobody knows its not."
Appreciate the comment, but if you look at the company and the fact that it has been tightly held with about 14,000,000 shares issued and outstanding, in a sharp contrast with other stocks in the MMJ space, it would be fair to say that the company tends to value its stock and therefore wouldn't sell shares at such a deep discount as you had suggested may be the case.
Medbox filed a trademark and it was conditionaly approved. An opposition was filed by a company out of Missouri called Medbox LLC stating that they oppose the trademark of "Medbox". Legal filings show that their company has not sold a single machine and is a "concept" company. The legal-ease used in oppositions prepared by attorneys is neither here nor there and not worth a response. Fair question though... Thanks.
"what is this "oppostion" thingy going on with the Patent between you (PVM International) and Medbox LLC."
Nothing at all to do with the patent. If you read the filing it is that they have infringed on our trademark.
Did he mean "you're rational", or "your rationale"?
Yup, left off the "e" in rationale by mistake. You will have to forgive me since I was typing with one hand on my I-phone.
I'm glad sites like this exist for consumers. Very nicely done.
Shane brings up a good point... Thanks. Good night all!!
"parable of the rock thrower.. Learn it."
Fair enough... At the end of the day, I like to create and that is the passion that drives me. Going back and forth like this in a public setting is bothersome. Never in my wildest dreams did I think that people could be so rude and abrasive. Growing up in LA you think you're battle tested but when you come across people that hate for no reason, it really gets a good guy feeling down.
Dig away... I'm not ashamed of my past nor should I be. I was a self-made millionaire before the company's stock took off. Over 400 consulting clients served since 2010 with no lawsuits or complaints to report of in an industry that is constantly changing. My advice is you go invent something and take it to market like I did. Maybe then you can appreciate what I've accomplished.
So you are accusing the company of manipulating the stock?
Pointing people to press releases and already public information in order to dispel rumors and paranoia is not something that I should be afraid of.
What you are referring to has less to do with Medbox disclosures and more to do with OTC Markets not diseminating and displaying the information correctly. It is clearly addressed in the company's information statement. Keep in mind that the company is a Pink Sheet stock and as such a voluntary filer and has ZERO obligation to report the nuances you are taking issue with. Now that the company will be filing its Form 10 and fully reporting to the SEC, they can shed the stigma of being dubbed a pinksheet.
"Is the financing arrangement announced today in any way contingent upon MDBX becoming an SEC filer"
Good question. You are correct in assuming that if there were ANY contingencies they would have been mentioned in the release.
Thanks for your questions guys. As long as you keep them general I can check back from time to time and give some clarity. I can't discuss anything that isn't stated in press releases already.
It's nothing people couldn't piece together if they read our press releases starting in December of 2011, listed on our website at: http://www.thedispensingsolution.com/news
The press release in particular is at:
http://www.thedispensingsolution.com/wp-content/uploads/2012/02/MedBox_Acquires_PVM1.pdf
Well, seeing as that my privately held company (PVM) was sold to the public company and is the main revenue generator for the public company, it would make sense that preferred shares be issued in December 2011, when the transaction happened and a press release was issued announcing the transaction.
The company does not sell preferred shares for any price to anyone. How a person can even draw that assumption from reading that press release is anyone's guess.
This is just an announcement. Details will be available on disclosure statements, Form 10 filings, and future press releases.
Have a nice day guys!
"What then is the correct figure for ACTUAL Common Shares Issued and Outstanding as of December 31, 2012"
I can't, in good conscience, answer that question with specificity on a message board. One may be able to assume the lesser number is correct.