Replies to post #13003 on Notis Global Inc. (fka NGBL)

[loanranger]

I guess I wasn't clear.
The company, Medbox, didn't move "all of their shares out of the parent".

The person, Vinny M, has all of his holdings in the names of Vincent Chase, Inc. and PVM International, Inc..
So when either or both of THOSE companies buy or sell shares, those 2 companies have to file them on a Form 4 based on their Direct Beneficial Ownership of the shares...and Vinny M has to file the same transactions on a Form 4 based on his Indirect Beneficial Ownership of the shares.

It LOOKS LIKE double counting, but it's not. It's fairly common....you see it a lot when, for instance, an executive puts some of his holdings in a trust for his kids. From then on he has to report his holdings (as directly owned) and the trusts holdings (as indirectly owned), separately on his Form 4 filings.

Remember, the company doesn't file Form 4s, the people or entities holding its shares does.