Notis Global Inc. (fka NGBL)

[236T568]

Not surprising since the preferred shares that convert into 5 shares of common stock are only issued to INSIDERS!

why should third parties other than insiders be able to benefit from the ownership in preferred shares, which have a first right of ownership of all assets of MDBX in the event of liquidation.

say, tell us, did you get those 3.0 million convertible preferred shares for free?....preferred shares that are convertible into 15 million common shares - more than the common shares issued and outstanding as of Dec. 31, 2012.

oh, wait, we can't find out how the 3.0 million convertible preferred shares were obtained by Vince and other insiders because MDBX FAILED TO INCLUDE THE ISSUANCE OF THE PREFERRED SHARES IN ITS FINANCIAL STATEMENTS FOR THE YEAR ENDING DECEMBER 31, 2012 as required by Generally Accepted Accounting Principles.

The company does not sell preferred shares for any price to anyone. How a person can even draw that assumption from reading that press release is anyone's guess.