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I read the posts. You offered IR support for money raises.
"fraudulent financials and fraudulent press releases"
Is this the same company that you claimed would NEVER submit to SEC scrutiny? The allegations as to fraud are unwarranted.
Fair enough and agreed. The company has made some rookie mistakes.
You seem pretty fair and impartial. Do you see any evidence here that the company has acted in a manner that would warrant sanctions, halt trading, DTC chills, etc., from regulatory agencies?
The exclusive patent licensing agreement is included as an attachment to the Form 10. It's worth a read to clear up that earth shattering riddle.
"Which entity is the one that owns the technology and the patents? "
"received the Wells Notice from the SEC yet "
As it turns out, it was just a credit card solicitation from Wells Fargo and not from the SEC. LOLOL
"fortune cookies often come true. this one will."
Based on the prior predictions don't mind me if I don't bet the deed to the house on it.
Confucius say, beware of imitators and congratulate the innovators! ;)
This one sounds like a fortune cookie message! Lol
"as FINRA ramps up work on MDBX the volume drops off a cliff and the SEC will soon halt the criminal and the scam"
"Was Vinny selling pills for Caroni? Too bad he won't clear that up LOL"
You are wondering why a principle of a multi-million dollar public company doesn't respond to anonymous posts on a message board? Maybe he realized that he does not need to defend himself here, besides it looking desperate IMO.
Further, as we had discussed, I researched your Coroni link and from court filings Coroni sued the attorney Vincent worked for and Vincent was named as a debtor. Did I miss something that would indicate any of your allegations as to criminal ties?
These opinions have been proven to be non factual. Apparently your only valid knock on this company is the founder has s checkered past. Show us "Deception by the company, bogus financials, shady ties, sleazy lawyer defending the scam"....
Is the last comment directed at me? Interesting to say the least. I think people see things differently than you.
Genius or criminal? I say neither. Vincent appears to have been at the right place at the right time and is smart enough to capitalize on canna-business momentum. Congrats to him and Medbox for another, non fluff PR week, and finishing in the green.
Well, if its used like hospitals use Pyxis its not a vending machine. Also, if you read the Form 10 it clearly states that the credit card issue was relative to a private party automobile purchase that happened in 2007 between Mehdizadeh and the cardholder if I remember correctly. Hardly what is being claimed here but who cares. I don't know the facts and neither do you. Talking about facts we aren't aware of is not useful.
You know what, you are right.
The stock traded at 9:02 EST then again at 9:10 EST. Between the two trades the price went up then down a little. Then somewhere in upstate NY, Vinny and the Gumbas called in for reinforcements and the stock traded again at 9:15 EST.
Oh yeah, all the signs are there. I'll call the FBI, you call the Mod Squad, and someone else call Scotland Yard. LOL
Already did. As for the "scam". Sorry, still no evidence of that here.
You guys are funny.., he's a celebrity of sorts so I guess it all comes with the territory.
Most likely on another board. Lol
I don't see what you see Risi
It doesn't matter to me. It's still overpriced IMO but oh well. I just don't see the scam.
"penny stock"
That's just it. This hasn't been a penny stock so the normal rules one would apply to a run of the mill penny stock don't apply here. The dynamics are different.
Show me a successful entrepreneur and I'll show you a myriad of people taking shots at them. It's the world we live in. I'm not defending anyone. I am pointing out that some people choose to be in the spotlight and with that criticism will likely follow.
The facts don't support this statement. I personally reviewed that website when it was live. Nothing worth a mention there at all actually.
"Vinny set up a website to recommend this pos."
This poor company.
They don't release PRs and they are still pumping through subliminal messaging to retail buyers. Doesn't matter what this company says and does, some are always going to be unconvinced. I have my own opinions as to why that might be.
Read all Vincent's posts and that of the assistant. So where are they touting the stock, or recommending a buy, even subliminally? Show me where that happened.
Show us one post!
Show us all one post from what you describe to be a promoter posting here that is touting the stock, or recommending a buy.
This is what you call reverse hype. LOL
What people fail to see is that the short interests might not all be reported. If someone is short for 6 days or 2 weeks or even 3 weeks during a cycle , covers then does it again like tradergash did, its not reported as an active short anymore.
Also, two words.... International Brokers! All bets are off when they are in the mix
Bestow us with some wisdom and tell us how large stock buys on the upside are somehow a "scam". Aliens, mafia, what? LOL
"16000 block at 8:17 am just done. this is such a scam."
No, that's just your opinion.
"You do understand that MDBX has been caught issuing deceptive, false and misleading press releases, don't you?"
Company had its best volume week ever and issued one press release the entire week and the day AFTER the best volume day ever. Hardly what you claim is happening. In fact, it is quite the opposite.
Last 5 sessions, first one in the red.
But yet, some here couldn't wait to take shots when inevitably the stock price would deflate a bit after the strong showing this week.
News flash! Most, if not all stocks are manipulated. It's criminal if the company does it and there is no evidence of that here at all.
So, lets just relax and watch the MDBX show. Thoroughly entertaining! I can wait for OTC markets to update the short report. Already late actually.
Form 10 filing + the grenade PR from last Monday seemed to carry the stock Friday, Monday, and today.
The PR gave a ton of decent information and the look and feel of it tells this casual observer that they were trying to attract institutional investors into the stock. Looks like they hit a home run. Way to go MDBX!!!
Tomorrow should be interesting.
Here is the PR in case you missed it.
http://m.yahoo.com/w/legobpengine/finance/news/medbox-positions-itself-leader-wall-130500040.html?.intl=us&.lang=en-us
The Players:
Franky "Fat Lips"
Vinny "The Box Jobber"
Lil' Sal
Jimmy "The Shoe"
Fat Tony
Setting:
The back of a hole-in-the-wall New York Pizzeria last Thursday night.
Discussion:
Ways to prop the stock back up. Fat Tony says "lets prop it up." The rest of the bottom dwellers agree including Vinny The Box Jobber whom volunteers to prop it up at no cost to the group stating, "I got dis" as he waived his trademark magic box-jobbin wand that was in the shop for repairs the prior few weeks, he stated, "the shorters shall sleep with da fishes." Just then piles of cash rained from the pizzeria ceiling as the crew was showered in hundreds.
The meeting was adjourned and all members went to Bada-Bing strip club in Jersey.
The end.... Lol
Congrats MDBX! Strong showing today
Most highly Organized shorting campaign I've ever seen. The sheer time and planning expended tells me a lot of money is at stake for the players in this chess game. FYI, not all short interests are reported on OTC markets website.
Now I'm just gonna make some popcorn and watch how it all unfolds. Fascinating...
I doubt Vincent is losing sleep about anything written here.
This is purely entertainment. Not much substance here outside of a chuckle here and there.
Good luck MDBX!
I just engaged them in Massachusetts for a dispensary license application. Keep bringing value to the company, keep the shareholders informed, and don't worry about the nay-Sayers!
Also, these points were worth a response:
1. Dependent on 1 single product
Nope. They offer consulting services.
2. In a highly-regulated business
Nope. They bring the regulation with them in an unregulated business.
3. Capital Intensive business - Has to produce a machine spend that money, before receiving revenue
Wrong, they are paid up front before ordering machines or offering services.
4. Has 13 million common shares outstanding, 3 million preferred shares outstanding - and contracts
that could add another 15 million shares outstanding for 1 individual
Typical
5. the product they service is still "illegal" under Federal Statues
Yes. It appears their disclosures covered that
6. Once a dispenser is placed - there is no repeat business, unless the buyer expands
Monthly fee of $495
7. Paid approximately $1 million in cash and 2 million shares in stock for its public shell
Wrong. That's what the public company paid to acquire the subsidiary. The subsidiary's owner received that as payment.
God bless all effected by the trajedy occurring on Patriots day. My thoughts and prayers are with ya.
Here you go. Thanks FTW for organizing this.
- The receivables were uncollectible and would need to be written off
Your exact quote:
"so now you are finally admitting that YOU HAVE BEEN BOOKING REVENUES THAT ARE UNCOLLECTIBLE!"
The post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84819601
- that the affiliates and executives would dilute shareholders
Your exact quote:
"many times scam companies, like MDBX, will use these "runs" to sell significantly discounted shares in private placements to raise cash that then gets syphoned out of the company. "
The post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84910322
- that a business didn't exist and that business was selling shares
Quote that you seconded:
"Produce value for the shareholder and perception will take care of itself. Unless his business is more about selling shares than anything else. By far, the single best post of the day. Worth another read. thanks"
The post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=84819953
- that the company would not complete its audit
You conceded that one
- that the form 10 would ever get filed
You conceded that one too.
- national negative press on the founder
Your exact quote:
"then come back when the article in the national press comes out this week that discusses MDBX and your criminal background."
The post:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86058478
Not interested in discussion on the foregoing. Asked and answered. I can care less about the pps. I have decided I will be a client of Medbox in Massachusetts for a dispensary license. Good day to all and to all a good day!
Well, seeing as that the financials were in the same place as the disclosure statement which is how both you, I, 236, and the world knew about it, I'd say your opinion that the preferred wasn't disclosed is a misstatement.
"I am sure the dishonest financials that hid the preferred and the deceptive PR about the placement bought at market prices conned a few suckers though."
I'm one of those, if I were still dabbling in stocks, I would have never touched this stock at those or even this level. I am firmly in the belief though that based on the facts I've seen, the company tried to short circuit inflated prices but was then caught trying to show value to investors in showing how active they are by releasing multiple PRs. A practice that I don't think is sinister as long as the PRs have some semblance of factual merit, which I believe they do. The company had a lot to say! So what?
"you're right, but very few bought the b.s. despite the daily onslaught of p.r.'s."
Lets not get into semantics
You claimed the receivables were fake. Apparently they are not since the company claims to have collected on 90% of them.
As for your predictions that came true, if you are going to talk about a reduction in stock price..... duh! Where else was the price going to go, up?? LOL
Not quite. Had this been orchestrated...
Like you would have people believe, the scam would have been perpetrated with surgical precision. You see, what you fail to realize is that what's happening in the marketplace is the company not acting in conjunction with markets makers and day traders. If there was any sort of collusion there, oh boy, would things be different. The stock would still be at $90+ with retail investors clamoring to get in.