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Please enlighten us. Here it is:
- uncollectible receivables... Wrong
- no form 10.... Wrong
- stock at $1 by end of April.... Wrong
- no audit.... Wrong
- no real business.... Wrong
- no revenue... Wrong
- company slammed by national press.... Wrong
A deaf dog on Prozac can hear what I'm trying to say.
Even a phony psychic is right one time out of 10. Why have your predictions been so very off?
As for the "pending" charges. You need to do better DD.
As Risi would say, "a blind monkey on drugs can see" that this stocks performance has less to do with the company's performance and more to do with social sentiment and tolerance of marijuana in general. Risky buy but fun as hell to watch!!
Show me where they have stated they will be funding dispensaries.
So your comment is that any company selling a product that can be used for "illegal" purposes is complicit in the illegality? Fortunately we don't live in a country like that.
That 1% is the difference between legal and illegal. It's called plausible deniability.
Semantics ... Volcano has US distributors. I don't see how Medbox would be liable with what an end user vaporizes. Further, sales itself happen through unaffiliated distributors. From the looks of it, Vaporfection is a wholesaler, not a retailer.
LOL. What a farce. Volcano brand has been selling its products for years in the States and internationally. http://volcanovaporizer.com/about/
Medbox does not "fund" dispensaries.
Yes, the state of Massachusetts passed a law stating that vaporizers are to be made available in marijuana dispensaries. That's a clear violation of federal paraphernalia laws. Do you suppose the Feds are going to file indictments for the Massachusetts DPH for promulgating such a law? No, they most certainly will not. They will also not take issue with Medbox either. Any claims to the contrary are foolish.
It's called an ancillary product or service. BIC lighters can run into the same problem since their product is the preferred method of choice for crack smokers. Smoking crack is still federally illegal right? LOL
Medbox is a player, then there are the spectators, and yet still the commentators that hurl insults from the bleachers. The latter is strange IMO. Why heckle a tech company? For the greater good? C'mon
Here, educate yourself: Massachusetts has mandated the sale of vaporizers in ALL their state licensed dispensaries.
That's pretty funny. Good one Goldy!!
Vincent claims the pending matter is dismissed as of June 12th. That's from me inquiring before becoming a client. Lets see if that is accurate.
If we are going to call it Marijuana for medical use there is every reason for the comparison.
There are also convenience stores that use cash registers from 1970. What in the world is your point?
So Hospitals admit that their HR dept is "incompetent" and they need to buy a Pxyis machine to track sensitive Meds right? Medbox is used the same way in dispensaries. You are also saying that anyone that has caught their employees stealing is actually incompetent since they hired the person in the first place. I think most would take issue with that logic.
"What I understood is they have a sample under the counter that is fingered up all day by customers, and also nosed into for a smell by customers all day long. "
As opposed to having a large jar of pot out on display for air to hit time after time and consumers and employees touching it over and over again, not to mention the obvious security risks.
I'm sure the samples are accounted for with biometric authentication also when outside the storage safe, right?
A gram sample as opposed to ounces disappearing. Hmm?
And then put back in the safe for the next day, or is that a smoked up employee freebie, and a fresh sample is used the next day?
Really?
-Where are the operators who are using this already?
When i became a client I was personally given references to over 150 clinics operating with the technology nationwide.
-Why do they need this if other Company's are already doing business without it?
That's like asking why pharmacies call you when your prescription is ready instead of using a telegraph service like they did a century ago. Really?
This scheme should be looked into carefully by anyone buying MJ. Its main pump is now for State compliance(taxes, individual tracking), and with any Court ordered subpoena, all info would be available to the Fed investigators with all biometric data attached.
According to the company, HIPAA compliant which means patient data is encrypted. Whoops!
FINRA reports fraud to the SEC for the SEC to look into further. FINRA itself is powerless to enforce any kind of retribution on fraudsters. They refer their findings to the SEC for follow up. If you are unclear on that, call their 800 and ask. It's pretty widely known to most people I thought...
"Only the lamest scams don't report to the SEC. If you want to do anything more than be a lame penny ante scam you have to."
But before it was a stinky pinky stock because the company didn't report. Now they're a scam because they do. LOL. What a load of...
You obviously don't understand that there are still clerks that operate the machines at Medbox clinics. Patients see the Meds before they are dispensed. The consumer experience is the same but the operators benefit from inventory control.
FINRA is a private organization that regulates securities. The SEC relies on FINRA to expose fraud in companies before launching their own investigations. If you think that companies that voluntarily file documents with the SEC that are doing dirt and have allegedly made millions doing it prior to the filing the question then becomes why? Why would a scam company ruin a good thing by becoming an SEC filer? Sorry, but the dots don't align here to peg this as a scam.
You are way behind. The POS interfaces with the machine and is mandatory. There is no consumer accessed weed through their technology anymore. They haven't offered that configuration for their clients since early 2012.
So your theory is that the same entities that this company willingly and voluntarily submitted to in FINRA and SEC are the same entities that are investigating them now? You do understand that the SEC or FINRA had zero jurisdiction on a non- SEC filer and Medbox gave them jurisdiction when filing. Any one with any sense would take that as Medbox truly has nothing to hide.
Go Daniella!! Nice post
I'm a consulting client in Mass. From what I understand the Medbox is a safe so you don't need to empty it every night. As for the necessity, if hospitals felt the same way they would keep their schedule drugs in storage cabinets but they don't. They use biometric machines and have for years.
What you said in your last paragraph I believe is true.
"Nothing found, or posted by people here has been wrong. "
You may want to check back more often as a lot of negative comments here have been disproved. I'm still not a fan of the stock at this price as there is an obvious disconnect on that and the company itself has brought that up on countless occasions. I am supportive of the company and its mission though.
Wrong again as to moving to Nasdaq. The requirements are far less to be a part of Nasdaq global market than what you claim. Market cap and any number of other criteria qualifies them to jump to Nasdaq. Although the old AMEX exchange might be a better option for them at present. We'll see what they do.
Wrong. They filed their form 10 on April 10th and that means they are deemed fully reporting, regardless of comments, 60 days from that filing. Hence, June 10th becomes the day they are fully reporting with the SEC.
"just try and dump 20k shares into a market trading 2k a day..... "
I think Gold is looking to sell into a week the stock had 3 weeks ago where there was over 200k shares traded on the plus side for the stock. Just my educated opinion. Am I right Gold? Hope it happens for you buddy. I'll be pullin' for ya.
Just like you were certain about Bloomberg pulling the story, or them doing a follow up bashing the founder? Did that ever happen?
"I am only 100% certain of the FINRA part."
In dispensaries it's used like a hospital uses Pyxis. If you aren't sure what that is, google it. It's been used in hospitals for years and this company was smart enough to apply that technology to the retail marijuana sector.
Wow! Ease up on the sopranos re-runs. Lol
"it is more like a crowd gathered at a Casino seeing a convicted felon roll the dice, then behind him on National TV seeing the convicted felon clearly robbing a bank, then having the crowd bet on how long it is going to take the FBI to arrest the convicted felon, then watching the FBI enter the Casino at the time of the bet."
LOL... It's an interesting case study in social behavior. It's the equivalent of a Vegas craps table with a crowd surrounding the hot shooter (Medbox) and talking about how they are going to crap out on the next roll. Only problem is, the roll hasn't stopped for this company since November.
LOL... It's an interesting case study in social behavior. It's the equivalent of a Vegas craps table with a crowd surrounding the hot shooter (Medbox) and talking about they are going to crap out on the next roll. Only problem is, the roll hasn't stopped for this company since November.
Trust but verify is my motto. I asked for proof and received it. I'm good on that issue. More pressing is whether the company is going to do well in Massachusetts. Not clear sailing at all from what I can gather. The licensing out here will be extremely tough.
Call the Medbox 800 number and ask to speak to Mehdizadeh. Then come back here and report your findings. Since I'm a client and have asked directly, I know the matter you speak of was or is going to be dismissed but you may want to satisfy your curiosities too.
The game is spectated and commented on by those too scared to play themselves. :)
Happy long weekend!
Actually, company announced 300k shares in the float as of their Form 10 filing in April. As for the insinuations as to insider transactions, it doesn't connect with the facts that are available or the stock chart for that matter.
You just highlighted a Form D. It covers securities sold or intending to be sold. It's what was reported in the Q1 footnotes. Oh the humanity!!! Lol