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In other words, we have 99,000 investors???
Cigarettes are legal, alcohol is legal, prescription drugs are leagal except in the work place. The argument made about selling the stuff but not allowing employees to use it is preposterous. Walmart can and will sell a product that they can make money on, while enforcing rules set forth long before, that all employees must abide by.
http://nationalreport.net/obama-auction-marijuana-drug-raids/ What's he expect to get for pot that has been sitting for years that has lost much of it's potency!? But it goes to show that the government is definitely interested in the revenues pot can produce for the states. If the weed confiscated years ago is still good, then there won't be any shortage for a while, and we'll need a boat load of machines to handle it all.
WALMARTs ENTRY IN THE WEED WORLD?? It's all about the money! As far as the employees go, it's up to Walmart to enforce whatever policy they want, including weed. I posted several times when we first got the patents that Stephen should seek out these large chains for placement of his machines. The reality is that if we do get in, then it's one large chain after another who would want to cash in.
For us, what this means is we fly, and high we will fly. It's a matter of contact, contracts, and placement. That said, we're looking better than ever. By they way, how do you counter such a press release about Walmart going to pot?
Ragz, you can put in a buy at.03 cents for just a few shares so as to spike the price so as to reflect .03 cents as the last price. But it will be short lived, but will cause a brief amount of excitement before it dives again to it's normal price range at this time. The fact that this strategy is even played, shows an interest for raising the bar.
Talked a few friends into buying this stock as I believe it will take off big time eventually. But already I'm hearing negativity from them as they think results should be immediately. I shut them up quickly by offering to buy out their shares with confidence. Too many run scared here, and rightly so, but if you were to ask Stephen about the share price dropping, he wouldn't have a clue either. But as soon as we get more media coverage in the MJ industry, investors will have a show of faith, and start pouring in, and this will come from a bunch of new investors to the pot world.
A lot of you guys are are acting as though miracles can be performed in days or weeks, and although things are looking up for the industry, it's still just getting off the ground, and we're not going anywhere until we have an in with major retail chains for other products other than pot.
All the woopty doo's and cheer leading isn't going to make an ounce of difference either. Both negative, and positive, it doesn't matter at this point. What matters is that Stephen has a plan, and he's working the plan, and until the plan works for us, there is no flying off the charts like so many expected. The gold rush is over for now with the pot sector. All those investors who jumped in as it was going up are now licking their wounds. There was nothing there, and there is little there now, but it's all in the works, and if patience cannot be exercised, then it's bail time if the stress is too much. This is a wait stock, and those who wait, will make it big, but to think this is going to explode by years end, happy dreams. We will explode, but not the way things are right now. Give it a chance, give yourself a rest. Stress is a killer!
Such false hopes for this stock. It's no longer a good bet for an investment unless they bow to ERBB's ownership of the "right" patents, MDBX can make all the changes to their machines they want, but the bottom line is they can't use Biometrics in any way. If they do, they have to obtain the licensing from ERBB. Sweet for ERBB, so sour for Deadbox. I got out because I no longer see a future here, but for those longs who want to hang on, it's your money!
Even if all the states go legal this year, highly unlikely, but if they did, this is only the tip of the berg. We have so many other avenues to pursue now that we have the patents.
Can you imagine the revenues when we hit the pharmacies, alcohol, tobacco, age restricted products, and the list goes on. Wallgreens, Walmart, restaurants who don't have a liquor license who might use biometric vending to dispense wine coolers for their patrons placed in their lobby.
I think we're all depending too much on the pot sector. It's only the beginning. We have so many opportunities to branch out. But it will take a while. Contacts, contracts, keeping up with demand etc. etc. etc., and it's all ERBB.
WHO'S YOUR DADDY!!??
I see where MDBX secured an additional $0.5 million in capital from a current lender
Co intends to use the net proceeds to accelerate the development and growth of its current business pipeline in key target markets within the U.S. In addition, the co intends to apply a portion of the net proceeds for general corporate purposes, which may include working capital, continued investment in geographic expansion, as well as research and development.
My thought is that they need to hold onto that money for court and copyright infringement of ERBB's patent rights. Without licensing from ERBB, they can borrow all the money they want. It won't matter as they are almost dead in the water. Go ERBB!! Long and strong.
Surprisingly after a great start, volume has slowed considerably. At least we're holding steady on share price. While we enjoy a bright future, it would appear Deadbox is slowly tanking into the abyss. I'm sure our acquisition of the patents is part of the reason if not all of the reasons. Perhaps manipulation will be less and less, and we can start moving up.
One things for sure, even though we don't have a decent bottom line yet, that doesn't mean we can't move up substantially.
Enough investors find that we are poised for huge growth, they might all decide to start jumping in at these prices instead of waiting and seeing if it's a good deal. For those of us in it already, we "know" it's a "great" deal. If that is the case, then we can see some of the figures that have been posted be a reality.
BARCHART RECOMMENDATION went from 20% buy to 80% buy short term. So we should see some nice action towards end of day.
When this hits 0.0001, I'm buying a million shares. Cash them in, and use the certificates as wall paper so as to remind me of what to have not bought in the first place. Gads what a loser of a company. Didn't want to spring for the patents when offered, and now ERBB is destined to fly. No problem though, I bought a ton of shares, so I'll be riding high anyway.
JSTIC, it's not so much that it comes as insider info rather than you seem to present more of what an average investor would know. I post much in the same way, and the reason is simply due diligence. Also I do know someone who can provide inside info, but I choose not question him about it as long as I see he's confident about the direction we're heading. If I see him worried, then I might be curious. But I see all I need to see, and it's all good.
JSTIC, your posts are greatly appreciated as they are all positive, which is refreshing as many show a fickle attitude in these early stages of development.
I do have a question though. It appears as though you have an inside source, and if so, I'm sure you wouldn't disclose any sensitive info, but what is your source. Sometimes we have great posts based on just personal beliefs, while others post based on what is fact. It appears your posts are based on what you might be getting via someone on the inside, and that's good. As you can tell, my posts are all of a very positive nature based on realism as to what we can expect and not to expect. Good job!!
Kcr44, I can appreciate your concerns, but until we had those patents, it was uncertain as to how we're going to reach the goals set out for this company.
There is no quick remedy for being in the red. What we do with these patents is going to determine our future.
The red will disappear as we move into other sectors that can use biometric vending as a way of dispensing products such as Pharmaceuticals, and other non-regulated products that can be sold via these machines.
Won't happen overnight, but at least we've boarded a train with direction.
We can move ahead much quicker now that we have the patents which allows us freedom to explore all and any possibilities for using them. Once it's obvious to the mainstream what these patents represent for ERBB, you'll sing a much happier tune.
Stay put and strong, you'll be happy you did.
When we talk about bottom, are we talking about where we first started, or lower for that matter? We really don't have anything at this point to keep it from the bottom.
We do have direction, and we do have product, but not enough to keep us out of the bottom,but does a bottom mean anything other than a very low PPS?
That said, we can stay at these prices until we show results from plans laid out that generate the kind of income that is green on the "bottom" line.
The positive side here is that we're not a scam, or we're not going to flounder, but rather slowly grow to a point whereas the mainstream takes notice and decides it's time. Imaginations and expectation run wild, and I'm sure the investors from any giant that started out in the early years ran the same kind of anxiety from expecting a lot when there wasn't anything to base thier hopes on. But those who hung in for the long run, are all millionaires. Hold, and buy while it's here. We have a crystal ball, and it says ERBB destined for the top.
Ragz, you hit the nail on the head. You saw what I been saying for yourself, and it happens all the time. And right you are that once we get moving, they have less and less control. It's like you can control a baby cub, but once it grows larger, you have less and less control.
Bang...for the last 20 years since I been trading in the pennies, it's always been a pattern that upon a pending release, the price drops about a week or two before the release. Then a few days before, it spikes, because of speculation, and then when it's released, it's old news, and the price drops the day or two after. It won't be until the bottom line is strong, and most of our tentative agreements or contracts are signed that we can expect the price to rise without much interaction from those who can control the swings. As long as we exercise patience, we win in the end. Those who depend on the everyday heartbeat of the stock, easily bail out because they think it's never going anywhere, and once they get out, and it moves, then it's crying in their soup.
Stock manipulation in the pennies is almost laughable in how they cause spikes and declines. It goes on here on ERBB, but I've had a stock for years which is so obviously played, and a prime example is how they spiked the price from 13 cents to 18 cents by putting a one share buy at .18 cents. Then they do the same in reverse. This goes on in all pennies, and that's how hopes run high, and then crash in the same day.
Classic example of what manipulation is all about! Regardless of a PR good or bad, you see what happens with the PPS.
Was there any reason other than manipulation for the price dropping as it did? Is there any reason why it spike up today? It's how they work it to their advantage, but yet concern is abundant as though we're in trouble when we drop. We have a number of challenges that are still to be met, and as we face them, manipulation will either increase, or decrease as we meet those challenges. But make no mistake, once we have been successful in meeting these challenges, lets see what role manipulation will have in being able to drop the price for their benefit. Just a game folks that experts play on a very un-level field, and if we sell shares as a result of their games, we lose.
Yes, enforcement can be expensive, but there are no loopholes in our patents. It's an open and shut case, and any smart CEO and his lawyers would see the uphill battle and the eventual lose of that battle, and would most likely consider the fact that it would be less costly to just agree to our terms. I wouldn't be surprised that council would fore go the upfront costs for the simple fact that when settled, they know their service would be compensated. If they didn't think they could win, of course they would expect money up front. No skin off their nose if we didn't win, they still make their money.
NY...relax! Do we want PR's with fluff just to appease our investors, or do we want a PR full of factual statements that mean something! The wheels of progress can be very slow at first, just as a space shuttle lifts off slowly at first, but once airborne, it picks up speed rapidly.
Management would love to put out PR's back to back, but unless there is something new to release, it would be following the path of many scams whose purpose is to mislead investors.
So I'm holding my breath for the next "real" news.
That is an answer only management knows, but we can speculate as to what steps will be taken, and that's all it would be, just speculation.
In my mind, since we have the only valid license to manufacture these units, and since by law, we have a right to enforce our right to seek legal action so as to prevent the use of biometrics by any other than those who obtain the right to build and sell these units via our patents, I believe we have the upper hand, and regardless of how much resistance we might face, they have to abide by what is law. Enforcing or right will cost money, but in the end it all comes back as we win case by case.
As you say 'nwsun', they don't play fair! And I wouldn't be too surprised that they are extremely focused on this particular stock.
As MJ gets a real foothold, they know what potential there is, and they'll have a field day as this stock goes from just a match to a raging fire. They also know by now how secure we are with possessing the right to license and receive royalties from every manufacturer of biometric vending, as well as the products that can be dispensed by them.
Sitting pretty is putting it modest. How can we possibly fail to do anything but be the number one company who everybody in this sector will know of.
Tanking is normal between PR's when you think about it.
There's always profit taking, and there's always the manipulation because the stock isn't strong enough at this time to sustain a continued upswing. They can change the PPS at will just by buying and selling a few shares at a time to their advantage. I wish for the good ol days when trading was done via phone to a broker. The stocks rose or fell on their own, and was free from day traders and MMs that work the price to their favor.
The first paragraph in this PR for Medbox is laughable......
Medbox Comments on Recently Adopted Equity Incentive Program for its Board Members, Employees and Consultants
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11:53 AM ET 9/23/14 | PR Newswire
Medbox, Inc. (OTCQB: MDBX) (www.medbox.com), the leading dispensary infrastructure and licensing specialist, patented technology provider, and partner to the cannabis industry, commented on recent selling activity which resulted from the grants of stock and restricted stock units through the Company's recently adopted equity incentive program and the programmed sales by the Company's independent directors and the Company's founders. As recently appointed independent directors, Ambassador Ned L. Siegel and Mr. Mitch Lowe each was granted Medbox common stock through the Company's Equity Incentive Plan that was registered under Form S-8 and an attached prospectus as part of their incentive compensation package. For tax planning purposes, each director set up a trading plan under Rule 10b5-1 that allows them to sell a predetermined number of shares at a predetermined time. In addition, both of the Company's founders also set up trading plans under Rule 10b5-1 in order to meet their respective tax planning objectives.
Mr. Mitch Lowe, co-founder of Netflix and former President of Redbox, commented, "Rule10b5-1 plans are used by many corporate executives for tax planning purposes. As a Medbox board member I remain committed to Medbox's growth and excited about the Company's prospects."
Ambassador Ned L. Siegel stated, "Medbox is building what I believe is the most professionally managed and best governed public company in the cannabis sector, and I am as excited about the positioning and future of the Company as I was when I first joined the Medbox Board of Directors in April of this year."
Medbox Founder and Senior Strategist, Vincent Mehdizadeh, commented, "It has always been Medbox's goal to give superior transparency to the investment community which is why Bruce and I decided long ago that Medbox was destined to be a fully reporting SEC filer. In doing so, we subject ourselves to the burdens and benefits of the reporting requirements. Communication to the investment community is what sets the good companies apart. My 10b5-1 program is set at 500 shares per day and is meant to support my tax liabilities on a going forward basis. Bruce and I remain committed to helping this Company exceed the expectations of our clients and shareholders."
What a laugh I got when I read the first paragraph on this PR for Medbox.
Medbox Comments on Recently Adopted Equity Incentive Program for its Board Members, Employees and Consultants
Font size: A | A | A
11:53 AM ET 9/23/14 | PR Newswire
Medbox, Inc. (OTCQB: MDBX) (www.medbox.com), the leading dispensary infrastructure and licensing specialist, patented technology provider, and partner to the cannabis industry, commented on recent selling activity which resulted from the grants of stock and restricted stock units through the Company's recently adopted equity incentive program and the programmed sales by the Company's independent directors and the Company's founders. As recently appointed independent directors, Ambassador Ned L. Siegel and Mr. Mitch Lowe each was granted Medbox common stock through the Company's Equity Incentive Plan that was registered under Form S-8 and an attached prospectus as part of their incentive compensation package. For tax planning purposes, each director set up a trading plan under Rule 10b5-1 that allows them to sell a predetermined number of shares at a predetermined time. In addition, both of the Company's founders also set up trading plans under Rule 10b5-1 in order to meet their respective tax planning objectives.
Mr. Mitch Lowe, co-founder of Netflix and former President of Redbox, commented, "Rule10b5-1 plans are used by many corporate executives for tax planning purposes. As a Medbox board member I remain committed to Medbox's growth and excited about the Company's prospects."
Ambassador Ned L. Siegel stated, "Medbox is building what I believe is the most professionally managed and best governed public company in the cannabis sector, and I am as excited about the positioning and future of the Company as I was when I first joined the Medbox Board of Directors in April of this year."
Medbox Founder and Senior Strategist, Vincent Mehdizadeh, commented, "It has always been Medbox's goal to give superior transparency to the investment community which is why Bruce and I decided long ago that Medbox was destined to be a fully reporting SEC filer. In doing so, we subject ourselves to the burdens and benefits of the reporting requirements. Communication to the investment community is what sets the good companies apart. My 10b5-1 program is set at 500 shares per day and is meant to support my tax liabilities on a going forward basis. Bruce and I remain committed to helping this Company exceed the expectations of our clients and shareholders."
By the way folks, just in case your interested, I was able to get a copy of the reply to the patent holder when he offered Vince the opportunity to obtain these patents, and here is his reply as it was exactly written by Vince.
Dear Mr. Tomassi:
"Thank you for your letter. We do not use the equipment in the way you describe in your patents and as you may be aware we have patents of our own that describe our exact usage. For a demo of how our products work please click on this link"
A formal letter from our attorneys is forthcoming. We wish you luck in your future endeavors.
Regards,
Vincent Mehdizadeh
Senior Strategist / Founder
Medbox, Inc. [MDBX]
www.medbox.com
Well folks the future is in the hands of ERBB!!
By the way folks, just in case your interested, I was able to get a copy of the reply to the patent holder when he offered Vince the opportunity to obtain these patents, and here is his reply as it was exactly written by Vince. Let us pray!!!
Dear Mr. Tomassi:
"Thank you for your letter. We do not use the equipment in the way you describe in your patents and as you may be aware we have patents of our own that describe our exact usage. For a demo of how our products work please click on this link"
A formal letter from our attorneys is forthcoming. We wish you luck in your future endeavors.
Regards,
Vincent Mehdizadeh
Senior Strategist / Founder
Medbox, Inc. [MDBX]
www.medbox.com
Well folks the future is in the hands of ERBB!!
By the way folks, just in case your interested, I was able to get a copy of the reply to the patent holder when he offered Vince the opportunity to obtain these patents, and here is his reply as it was exactly written by Vince. Let us pray!!!
Dear Mr. Tomassi:
"Thank you for your letter. We do not use the equipment in the way you describe in your patents and as you may be aware we have patents of our own that describe our exact usage. For a demo of how our products work please click on this link"
A formal letter from our attorneys is forthcoming. We wish you luck in your future endeavors.
Regards,
Vincent Mehdizadeh
Senior Strategist / Founder
Medbox, Inc. [MDBX]
www.medbox.com
Well folks the future is in the hands of ERBB!!
GOOD LORD!!! What in the wide world o sports was management thinking when they turned down with confidence an offer to obtain patents that were years before what we had. This guy offered ERBB the chance after being turned down, and guess what...they had the brains and vision to jump not consider, but jump at the opportunity to buy into these patents. And since doing so, MDBX is tanking faster than a rock in water. Can we see the very bottom soon??? We'll be shuffling through the silt before long, and we have our terrific founder to thank for not having enough sense to at least look into what was offered, and I can't believe that his attorneys didn't advise as well. Good Heavens!! How lame can these guys be???
Many longs know exactly the same. For some reason new investors want an immediate increase in share price and don't fully understand what it takes to move up in price. It will take several months before any plans are completed, and then it's a matter of what those plans mean to the PPS.
If MDBX had a joy ride with a patent that wasn't valid, and hit $115. just think of where we'll be having the patents that are second to none.
Acquisitions are eating up the revenues, but in time those acquisitions will provide tons of revenues. Negative posts based on nothing more than personal opinions have no effect on the stock or it's investors. Nobody here who is long even pays attention to them. Only newbies who have entered the pennies who are like little lambs in the jungle are rattled by negative posts as they believe almost everything posted. We have excellent posts from experienced investors, and we have wishful thinking type posts from those who don't anything, but just want to have something to say. ERBB is stable, and it's strength will keep growing. Buy in now as these prices are priceless.
According to Barchart, who is very accurate, recommends 100% sell across the board. Save your money, this will sink to the silt in the next few months. Look at all the reasons for it doing so. I'd buy into the company that obtained the first and earliest patents, which I might say MDBX had a chance to do so, and passed on it. Now look where we are!
Pronew...."done."
Impatience is "not" a virtue! I know that since we obtained the patents, many expected to see a dramatic spike in PPS, and for good reason.
But...it takes time. There are so many issues that need to be resolved, and so many hours of negotiating with those who would be potential revenue via licensing and royalties.
The bottom line isn't sufficient to drive up the PPS alone. We need PR's loaded with prospects for future revenues, be it via machine placement, or signed contracts with major chains for placement within those chains.
All those in the know, those who have a bit of insider contact will all back me on what I'm posting, because they do know the answer, and the answer is, a watched pot never boils, or if it does, it seems forever.
I could look at the PPS, and the lower volume as "oh crap" here we go down the tubes, or look at it for what it really is, and that is we cannot explode until there are real reasons to do so. That is what Stephen and his team are hard at work doing, and any day, any week, or any month, we will the the dream of green come true.
Good Heavens, this is carnage!! I know the guy personally who offered MDBX a chance to own the real patents, and was told, "we don't need your patents, our method is different."
Guess what!? It's 99% positive that MDBX can be taken to court for copyright infringement by ERBB, the same company MDBX wanted to take to the cleaners before ERBB obtained the patents. How's that for irony!?
Anyhow, it's over, and all the kings men, and all the kings horses can't put MBDX back together again.
What a team of misfits. I'm buying into ERBB on the dips to make up what was lost in MDBX.
Wow!! Volume up, almost all sells. Between sentiment based on shoddy management, and ERBB obtaining patents that cornered the market on all biometric vending machines and products, not to mention management failed to jump at the chance to obtain these patents....small wonder the bottom is in plain view. This type of operation gives other legitimate companies a bad rap.
Okay....so we're down, and it seems like we're not going anywhere. So just stop and think of the advantages of dropping...we can buy more on the cheap. Our wings are being assembled, and while that's happening, we can sit on the ground and wait for that final moment when we hear, "Now boarding ERBB, please fasten your seat belts."
Enjoy the view at the top!!