Notis Global Inc. (fka NGBL)

[236T568]

MDBX - the fraudulent ways of this scam company continue

The audited 2012 financials have been RESTATED yet again

the 2012 audited financials:

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=102438



and the RESTATED 2012 Balance Sheet and Cash Flow Statement included in Q3 financials just reported:

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=113733


Income Taxes Payable RESTATED from $217,893 to ZERO

Deferred Revenue RESTATED from $673,250 to a whopping $1,608,280

Preferred Shares Outstanding RESTATED from 3.0 million to 6.0 million

Retained Earnings RESTATED from $329,555 to a NEGATIVE $348,148

Total Stockholders Equity RESTATED from $1,360,241 to $682148

Net Income RESTATED from $327,853 to NEGATIVE $361,460


DISGUSTING


What this means is that the 2012 revenues have now dropped from $3.5 million to $2.5 million with a significant Net Loss of $361,460 compared to the Net Income of $327,853 previously reported.

You might remember that scam company MDBX originally reported 2012 revenues of $4.5 million. So that figure has now gone from $4.5 million to $3.5 million and now to $2.5 million.


Scam company MDBX is essentially reporting 2013 Revenues that were already reported in 2012.

The MDBX fraudulent behavior continues.