DD Support Board and Research Team

[236T568]

Pretty scary that the head guy at a $2.0 billion market cap public company (MDBX) doesn't know that Preferred Stock that is issued by the company is accounted for on the Company's Balance Sheet, isn't it?

This means that all financial statements issued by MDBX for the last few years have been completely false and misleading. This is particularly important because the Preferred Stock issued by the company was issued to a company controlled by the same guy and converts into $1.5 billion worth of common stock at the current $50.00 per share stock price (3/4 of the the commmon stock outstanding (after the conversion) of whole company).

My God.