Replies to post #680 on Pineapple Inc (PNPL)

[elkonig]

Its unusual for a non SEC filer to come under the scrutiny of the authorities but it does happen. Given the cast of characters involved and the poor financial status of the company must have something to do with the suspension in my mind.
I did notice in the year end financials that they said they sold 100,000 shares to an investor for $100,000.00 which is one dollar per share. The market PPS at the time was at about $10.00 though. That was a sweet deal but should be cause for concern.

[236T568]

So, I guess you missed the part where the SEC Division of Enforcement issued a Wells Letter to criminal enterprise NGBL/MDBX, telling them that they expect to file fraud charges against the company and its management.

P. Vincent Mehdizadeh, the founder and controlling stockholder of scam company PNPL, was also founder and controlling stockholder of NGBL/MDBX.

and it gets worse, the Department of Justice has opened a Grand Jury criminal investigation on MDBX/NGBL and has been issuing subpoenas on the matter...

This could happen to many other stocks in the sector such as $OSLH or $RFMK But it could easily happen to entire sector as well.it's been my belief that while the sector to blossoming It is still under scrutiny on the federal level due to its legal status. It's buyer beware. Hope for a good outcome.

[janice shell]

Of course it's still under scrutiny. But Vinny is obviously under even more scrutiny. Medbox recently got a Wells notice. And now PNPL's been suspended. It looks as if the cleanup has begun in earnest.