Notis Global Inc. (fka NGBL)

[fung_derf]

Perhaps you can explain this....

As of September 30, 2012:
Common Stock, $.001 par value, 100,000,000 shares authorized, 13,383,256 shares issued and outstanding. One vote per share. Approximately 70 shareholders of record as of September 30, 2012.
Preferred Stock, $.001 par value, 10,000,000 shares authorized, 10,000,000 shares designated as Series A Preferred, 6,000,000 shares issued and outstanding. Two (2) shareholders of record as of September 30, 2012.

Name
Position
Compensation
Securities Owned
Dr. Bruce Bedrick
8439 W. Sunset Blvd, Suite 101
Hollywood, CA 90069
Director
President
Deferred
0
Leila Guieb
8439 W. Sunset Blvd, Suite 101
Hollywood, CA 90069
Director
Treasurer
Deferred
0

Vincent Chase, Inc. holds 10,000,000 shares of the company’s common stock and 6,000,000 shares of the Company’s Series A Convertible Preferred Stock. Vincent Chase, Inc. is 100% owned by the Company’s founder and Executive Officers of Medbox.
D. Disclosure of Related Party Transactions.