Replies to post #15423 on Notis Global Inc. (fka NGBL)

[integral]

What do you want to bet that the funds are being transferred to the middle east, and Vinny is looking to take up residence over there?

Class Action lawyers and SEC, come depose me over here....you gotta find me first?

[Alan Brochstein]

I disagree - for once your view is too rosy:

Appears that Vinny and the private equity firm have established a fair market value of $0.68.

The deal is $10mm with a $5mm bonus if the stock trades above $5 for six months. The $10mm is split with Medbox equally.

Here is the bottom line: Vinny hangs on to fewer than 3mm shares, has an out-of-the-money call option that could pay a maximum of $5mm and pockets $5mm. His sale of the vast majority of his holdings netted him $0.2256 per share.