InvestorsHub Logo
Followers 123
Posts 44208
Boards Moderated 1
Alias Born 09/06/2012

Re: smallstockinvestor post# 680

Thursday, 04/28/2016 12:15:44 PM

Thursday, April 28, 2016 12:15:44 PM

Post# of 879
So, I guess you missed the part where the SEC Division of Enforcement issued a Wells Letter to criminal enterprise NGBL/MDBX, telling them that they expect to file fraud charges against the company and its management.

P. Vincent Mehdizadeh, the founder and controlling stockholder of scam company PNPL, was also founder and controlling stockholder of NGBL/MDBX.

and it gets worse, the Department of Justice has opened a Grand Jury criminal investigation on MDBX/NGBL and has been issuing subpoenas on the matter...



This could happen to many other stocks in the sector such as $OSLH or $RFMK But it could easily happen to entire sector as well.it's been my belief that while the sector to blossoming It is still under scrutiny on the federal level due to its legal status. It's buyer beware. Hope for a good outcome.