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Just a hunch, but maybe the company and its principals are focussed on its business instead of pps. JMHO-TIA-XOXO-LMNOP
Case solved. National Security breach avoided. LOL
"Case of the Missing $1.04m"
So much talk about Vincent... So, let's pretend for a moment that he manages to stay out of jail, that the allegations made here about his manipulation of the stock are unfounded, that the allegations of selling his own shares are untrue, and that he is not connected to the mafia as was alleged here as well. THEN, let's pretend that he actually built a solid company from the ground up while dealing with obstacles that would make an average man cringe, that he legitimately made himself a multi-millionaire, that he will help build value for shareholders, make Medbox even more of a success than it has been, then writes a book about the journey and donates the proceeds to charity (as he had PR'd about).
At that point does he gain the approval of the detractors here? Or maybe he doesn't care to win over a select few when so many others, including me, are in his fan club as it is? The reality is clear.
This speaks volumes....
Absolutely incorrect. William Smith replaced Vincent as the CEO of the Subsidiary that Vincent founded and later sold to the pubco, Medicine Dispensing Systems. William replaced Vincent in late December as CEO of the SUBSIDIARY, and not the public company as Vincent was never CEO of the public company. That happened well before any claims he was "outed" on Ihub. Vincent has stated that he elected to appoint people to run the company that had prior public company experience. The announcement is here:
http://acquisitions.ulitzer.com/node/2493781
As far as the Felon thing, well some of us that are more astute consider someone a criminal if they have been sentenced to serve time in jail, which Vincent has not.
Not quite...re: the "missing" funds.
Is it just a coincidence the "missing" amount coincides directly with the amount the company received in and PR's about in March of $1m?? Hmmmm?
Mystery revealed. Now we can all rest easy. LOLOL
"Who took the $1.04 million in cash from MDBX?"
Sorry, no tax liability guys!
According to the Form 10, Control of a corporation holding the shares was transferred not the shares themselves.
"What do you mean I owe you $200 million in taxes from the transfer of control of Vinny's shares?"
You do realize that the 299,741 refer to the shares already in the electronic float at Cede & Co, right?
You also realize that even though the company filed the form 10 any shares issued prior to the filing are still restricted for one year, right?
So the claim below that 800,000 free trading shares will hit the market "in a month or two" is completely false, right?
"As of March 31, 2013, 299,741 shares of our common stock could be sold pursuant to Rule 144 promulgated under the Securities Act of 1933, as amended (the “Securities Act”)."
"and that is not counting the over 800,000 shares that were issued in private placements in the 2012 4th quarter, which will be freely trading in a month or two"
Detractors... I will save you some time.
- They left justified the document when some would have preferred full justification.
- Apparently they used Times New Roman as the font. (So 90's)
- They gave a bunch of disclosures (warnings) in their From 10 that is common to these types of documents but uncommon for any company trying to take advantage of the investment community. Cheers to Medbox!
- From the looks of it, the patents were practically gifted to the company and its shareholders. That Vinny again... what a crook! LOL. I'm sure the talk of "worthless patents" will undoubtedly come up since that is the obvious detractor rhetoric.
Where is all the talk of the stinky pinky never filing? Never, ever, ever, ever! Well I guess it's a cold day in you know where.....
Apparently so based on their PR on the subject.
"The company conducted three seminars in Massachusetts yesterday to a packed house and anticipates filling all 35 of its predetermined number of consulting client slots for that state, within Q2 2013. As was the case in Arizona, Medbox will not have competition between consulting clients and will only have one consulting client per "zone" in Massachusetts. Although the company anticipates competition to be fierce, the "merit based" model and the company's prior consulting experience in other states allows the company to give an elevated chance of success to its clients."
A simple check of the PCAOB website would show that Alex Anguiano is not qualified to AUDIT financials. Hence, the company hired an outside auditor as reported in press releases dating back to the middle of 2012 when the charges against that auditing firm were non-existent. You guys really did the company a favor. Thanks!
The company announced early in 2012, that they were going to, or had already, engaged an auditing firm. At the very least, in November 2012 they had hired the firm and from what I could tell a public record did not exist as to pending charges for the principle of that firm.
The only way that the company can clearly demonstrate that they were not aware of the auditors recent issues with the SEC, is taking the audit that was performed, bringing it to another auditing firm, and starting the process again. I personally think the company was screwed by this auditor and these issues were not disclosed. This may be yet another opportunity for the company to show what it's made of... We'll see. No company in its right mind would file a Form 10 using an opinion from an Auditor that has egg on his face.
http://m.yahoo.com/w/legobpengine/finance/news/medbox-completes-financial-audit-130600968.html?.intl=us&.lang=en-us
Joy oh joy! Judgment day is upon us. Not only did they get their audit done but they have captured all those receivables that a select few said were unrecoverable, reduced their liability to the IRS for 2012 by over a quarter million and they carried 2012 revenue into Q1 2013.
Vinny is probably out somewhere clubbing a baby seal! Lol
Actually, it just depends on which side of the fence you are on. There is the pro-Medbox team that are happy clients, shareholders, and technology buffs, that understand the mission of the company. Then you have your non supporters that aren't clients or shareholders, and by many accounts just want the "scam pinky" to be put out of its misery. After the audited statements are filed the "litmus test" then will become whether the company should have left justified the form 10 or that the font was not a credible choice, or whatever. Then it will no longer be a scam company but a poorly managed one. Lol
By the way, just because the company that filed the patent in 2008 referred to a component within the patent as a "vending machine" doesn't mean that's what the finished product is. Think of the way the inventor of the motorcycle undoubtedly referenced a bicycle in the patent application. The same rule applies here.
Lastly, to answer your question, I'm sure Vincent is planning his wedding. All I-hubbers are invited to attend. Since he will be in jail at the time for "boxjobbery" and other crimes against humanity, the actual ceremony will be held in the prison courtyard with the warden acting as the justice of the peace. Formal invites to follow. Lol. The reality is that Vincent is probably busy helping management take the company to the next level... something shareholders appreciate I'm sure. :)
"I remember Vinny stated last year that there are hundreds of MedBox machines stored in some warehouse in Corona, CA."
Vincent never said that. According to their information statement, Corona is where their manufacturer exists so the possibility that they would store finished machines there for deployment, is a high probability. The argument that the machines don't exist is pretty funny.
Further, calling them "Vending Machines" is not accurate. These machines are used the same way hospitals use Pyxis systems to control sensitive medications dispensed to hospital staff. The application here is to control and tax marijuana.
"this is getting boring. Dearest SEC"
Now that's funny, considering admitted to having a financial interest in seeing this company suffer. The site had the proper disclaimers as an IHUB poster commented to that effect after the website was announced here. Here's my letter to FINRA:
Dear FINRA:
Investors need a special task force that can be established that oversee fraud and manipulation of stocks on message boards. That would be most ideal! Thank you
Well then, first and foremost, if anyone cares enough to look back at Vincent’s posts on this site, not once did he mention writing content for NAI’s website. He did mention something that is a public record which is he registered the domain and incorporated the entity for his girlfriend whom is a real estate agent and was starting an investment firm for real properties.
The references to their website, that has apparently been going through revisions and has is not even an active website at present, and possibly for weeks now, that it is a “pump site” are hysterical. I have tried to find web statistics for the site to be greeted with the following from www.compete.com
“Sorry,
we do not have Site Profile data for:
newageinvestments.com
The site may have little traffic or we may not have a statistically relevant sample to project the traffic with.
Please visit our Data Methodology page to learn more about how we get our data.”
Meanwhile, a search on Alexa uncovered the staggering details of the P&D / Boxjob scandal of the century. Yes folks, 0.00000004% page views in the last 3 months. I had to break out the calculator for this one but that is a whopping 17 views (majority IHUB visitors in all likelihood) of their website in the past 3 months based on their statistics.
Meanwhile, the company doesn’t appear to have SEO, Links on other sites, or any other forms of advertising. I checked :) http://www.alexa.com/siteinfo/newageinvestments.com#
Then you have the allegation that Vinny the Box-jobbing criminal mastermind, that organized one of the most elaborate P&D/BJ (I’m trade-marking that by the way) schemes of all time, decided to list himself as the control person on the public company he is running stock scams on then had the brilliance to be the agent that registered the domain name and even incorporate the company that is “pumping” the stock? Wow, he must have had a serious lack of criminal juju on that one! Or, he was simply processing documents for his girlfriend so she wouldn’t have to pay an overpriced document preparation service.
Then you have the fact that the site is down, which tells me that the girlfriend probably got put in her place by Medbox for copying links off Medbox’s site and writing about the technology in an attempt to support what her boyfriend is doing. The site was apparently similar to what the IHUB page looks like by the way, with a stock chart, etc. Even with the proper disclosures I would doubt anyone at Medbox, including Vincent, would want any semblance of a shareholder in the stock making public statements about MDBX, albeit legal.
Oh, and thank you for re-posting one of Vincent’s first posts way back when the stock was trading for a few dollars, and way before the company was put on the radar by the WSJ article:
Post #102 April 27, 2012
From the company's posture in press interviews and releases you can tell that they don't believe 24 hour, unmanned, access to marijuana is socially tolerable at present. To me that means that while the company has that market potential in mind, they are not going to go there anytime soon. It appears the company realizes that the world isn't ready for that, but their existing business model makes a lot of sense for compliance, it seems.
As for the "national press" coming out this week as to Vincent's prior treachery and debaucherous behavior. Here's why it won't happen, or even if it does happen, won't matter:
1) Vincent himself announced in a press release he filed for Bamkruptcy protection in 2010, and that he had a less than spotless past. That makes the juicy story moot in the eyes of journalists.
2) Vincent is not an officer or director of the public company. However as a majority shareholder has to come clean about his past in the Form 10. Vincent just as easily done what other true scumbags would have done and transferred control on paper to a friend or relative and avoid the public scrutiny of his past, but instead is owning it and writing a book about it. The Form 10 once again makes the scathing article supposedly being written again moot.
3) the company has no complaints from shareholders, clients, or anyone. No lawsuits for a reporter to hang their hat on. Nothing but actual company business. Lobbying, acquisitions, and a top notch executive team. Again, where is the story.
4) investors don't care that the idea guy that patented the technology has a past. Vincent is not running for public office so until he makes a senate bid, his past is immaterial. It's not like the poor guy has ever been sentenced to a day in jail. To me, that's the true litenous test.
"we are all anticipating the form 10, yes."
Looks like we all agree! Isn't this fun? :)
"he was kind of new to the whole boxjob aspect since he's never run a manip stock deal before".
So you mean to tell me that Vincent fell ass-backwards into a stock manipulation scam and didn't know how to manage it properly so he hired people that could. Interesting story. Doesn't really account for the fact that Vincent is apparently a career criminal that would have been the one to orchestrate this elaborate P&D scam. Oh wait, none of that fits with what the company has done since the spike. Seems like if they do go fully reporting all the murmurs of impropriety go away as sheer speculation and fodder.
"Actually it was Vincent made the claim it was overvalued."
Oh my, you mean to say that Vincent, the majority shareholder in the scam company actually warned investors about inflated share prices??? Wow, he must need box jobbing lessons. That is horrible!! LOL
Great post. Thx
"what a wonderful professional corporation"
I'm sure the company appreciates your comment.
All true criticisms. On the other hand, the company doesn't need to do any of that. I would suspect detailed discussions of subsidiaries would be included in the Form 10 filing. Oh wait, the company is a scam and won't be filing that. Lol
Good thing I'm not! ;)
"Just another example of the company manipulating its stock"
Oh, do tell. We are all waiting to hear how a company acquisition and burying an LA Times feature on the bottom of a press release is the company's way of pumping the stock.
Then respond to the CEO's statement regarding the audit and Form 10 being on schedule.
"What was the prostitution charge and resisting arrest about? Was Vinny that desperate for money?"
As it turns out, Vincent organized a farm animal prostitution ring in 2006. His top money earner was Bessy the Bovine.
"now, lets talk about the fraudulent financials that scam company has filed with otcmarkets.com. "
Lets. You claim that financials are fraudulent yet have not offered a shred of proof in that regard. Are you really going to bring up preferred shares referenced in company information statements filed in concert with financial statements that leave them out? Sounds like an OTC markets issue that they don't have a problem with as MDBX is Pink Current in their view. OTC markets is what Medbox reports to. Not the SEC, yet....
"the criminal background of a controlling stockholder does not have to be listed in SEC documents "
Actually, you are wrong. The Form 10 requirements are quite clear that control persons history dating back 5 years has to be included. Please confer with an attorney before claiming to know things that are factually inaccurate.
"come back once the SEC suspends MDBX and then 10 days later when the stock starts trading at less than ten cents/share. "
You seem to know a lot. Do you work with the SEC or just pretend to?
If any IHUB member feels they are being coerced into filing complaints against this company by financially interested parties in seeing the company suffer, they are urged to contact the proper authorities at:
Los Angeles Regional Office
Michele Wein Layne, Regional Director
5670 Wilshire Boulevard, 11th Floor
Los Angeles, CA 90036-3648
(323) 965-3998
e-mail: losangeles@sec.gov
Actually I heard Vincent robbed a traveling circus and held a midget hostage
Actually it's 86 felonies. Turns out Vincent was sentenced to life in jail, he faked his own death and then came back under the same name and racked up 30 more felonies. Lol
Those look like driving infractions. Looks like Vincent used to have some moving violations in the past. Lets have a public stoning. Lol
And it's actually 3 cases. 45 total felonies that are pending against Vincent. He's also wanted for questioning in a string of local home invasion robberies. It wasn't his fault though. The voices made him do it. Lol
Actually you are wrong. Trumped up charges and no jail time make prosecutors look bad in front of their bosses. If Vincent was a menace to society he would have been locked up a long time ago. As it is, he's a pure success story. Against all odds he persevered. You might throw allegations out there to try to distort the truth but I doubt Vincent cares what anybody besides his friends, family, shareholders, or clients think. That's who truly matters.
What I say is that there isn't a legitimate bone of contention to pick with this company. They have always been a pink sheet that is focussed on breaking away from that stigma. I have yet to see one shred of evidence that the business model is not viable, the patent is not valid, or that the officers of the public company are not doing a fantastic job in running the company. Whatever might be said about Vincent is immaterial as he was the idea guy that gave birth to the concept that then passed the torch to more seasoned individuals to run the public company.
Yeah, I didn't think you were a client or shareholder of the company. Just a casual observer... Noted.
"that's why the Form 10 will be such interesting reading"
I guess for some it might be. For others it will be a prequel to the book Vincent is writing. It is truly an inspiring tale.
Are you a client or shareholder of Medbox? Or just a passerby entertained by this board?
"when you're the controlling shareholder, not a public face of the company, you're history is relevant"
Vincent could have chosen to hide in the shadows but he does not. He is quoted in press releases, featured in interviews, etc. If he put a quality supporting cast around himself to actually run the public company since he lacks the experience in that capacity, that is not a negative in my book. It's a positive. Furthermore, since Vincent is a controlling shareholder, I would imagine that all his dirty laundry would have to surface in the Form 10 filing. He doesn't appear concerned to me though.... Hmmm, I wonder why?
"quoted in the LA TIMES this weekend as the person running the show"
So I am told that you were soliciting your superior advisory services to Vincent a couple months ago. Care to elaborate on how you wanted to be Vincent's "friend"? Sounds a little suspect.