Notis Global Inc. (fka NGBL)

[tigerpac]

It's odd that when I and others post very accurate information it gets completely dismissed by those who own millions of shares. It's as if you guys are in total denial here. I understand why. The story of the original Medbox was so great and investors loved it. But it was a completely made up story with made up revenue and profits .

Honest executives got conned into joining a company in order to try and legitimize it. And when they found out they were conned after a year they tried to fix it but that came with a cost since they were named in lawsuits unfairly. They have themselves great salaries because they left other high paying jobs to get involved in what turned out to be a mess. They only way the could raise money was to sell company shares to toxic financiers. The outstanding share count went from 40 million to 10 billion in less than two years. Whatever the company got involved with ended up with them overpaying for the asset, then eventually selling if the asset at a large discount to fair value since they needed cash to pay for salaries and litigation.

The purchase of the 320 acres in Pueblo was a good idea but of course that was screwed up by overpromising and underdelivering. They have had the land for about 18 months and no crop of hemp or MJ. They contracted with a grower to create a crop then got into a pissing match with them because they wouldn't pay the expenses the promised to and the crop was ordered destroyed by the court. Nobody wants to do business with them.

So far they have given up 20% interest in the farm because they have been unable to pay monies due to investors and it looks like more interest will be assigned shortly. Notis was supposed to have closed on an additional parcel of land on the Pueblo property but it looks like that has fallen thru as well.

Management has been non-existent for months now probably because they moved out of their LA offices . Note that the landlord is suing them for back rent. Also note that management executed management contracts with the 20% interest holders.
Maybe they don't work for the shareholders anymore. I can go on and on. If you were the former CEO of a public ally traded company you should have read the 10-Q's and seen all the share dilution and ran far away from this stinker. I'm not here to prevent you from flipping the stock. I just warn folks who think this company is the leader in its industry when in fact it's not a leader in anything except for printing shares.