"Medbox (NASDAQ:MDBX) major shareholder P Vincent Mehdizadeh sold 1,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $9.87, for a total transaction of $9,870.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC."
Follow the link to the Form 4 though, and you will see no such transaction took place. He sold 500 shares on sep 30th, and 500 shares on the 29th. Just like he publicly stated he would be doing in the PR regarding insider sales.
"Medbox Founder and Senior Strategist, Vincent Mehdizadeh, commented, "It has always been Medbox's goal to give superior transparency to the investment community which is why Bruce and I decided long ago that Medbox was destined to be a fully reporting SEC filer. In doing so, we subject ourselves to the burdens and benefits of the reporting requirements. Communication to the investment community is what sets the good companies apart. My 10b5-1 program is set at 500 shares per day and is meant to support my tax liabilities on a going forward basis. Bruce and I remain committed to helping this Company exceed the expectations of our clients and shareholders.""
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