Notis Global Inc. (fka NGBL)

[236T568]

Yes, Vinny and the Investment firm are valuing the MDBX shares, not at $0.68, but at $0.2256/share

Vinny gets $5.0 million for his 22.16 million MDBX common shares

as usual, the slimy P. Vincent Mehdizadeh and the slimy MDBX fail to tell the true story in the press release


here is the STOCK TRANSFER LETTER AGREEMENT from the MDBX SEC filings:

http://www.sec.gov/Archives/edgar/data/1547996/000118518515000435/ex99-1.htm

I disagree - for once your view is too rosy:


Quote:
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Appears that Vinny and the private equity firm have established a fair market value of $0.68.
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The deal is $10mm with a $5mm bonus if the stock trades above $5 for six months. The $10mm is split with Medbox equally.

Here is the bottom line: Vinny hangs on to fewer than 3mm shares, has an out-of-the-money call option that could pay a maximum of $5mm and pockets $5mm. His sale of the vast majority of his holdings netted him $0.2256 per share.