Replies to post #11076 on Notis Global Inc. (fka NGBL)

[236T568]

Good point

Medbox just doubled the common shares outstanding by issuing a 100% dividend.

The only problem is that the common stock dividend is restricted and can't be sold for one year, by which time the stock price will be below 50 cents/share..

They just issued a 100% share dividend. Doubled the common outstanding.

[integral]

Yep, and everyone who got those "Restricted" stock certificates get to pay taxes categorized under "ordinary income" (see IRS Publication 525 and 550) at a $37 fair market valuation on the stock they may never ever be able to resell.

Even if they were allowed to sell it today, they would still claim the income at $37 and include a capital loss of $13 per share. And if a shareholder had no capital gains to offset the loss, ooops. $3,000 per year adjustment and carried over.

What a nice gift by Vinny.