Anastas Gegov

Dead Cat Bounce From Notis Global Inc (OTCMKTS:NGBL)

by Anastas Gegov June 16, 2016

Notis Global Inc (OTCMKTS:NGBL, NGBL message board) has a long history of destroying investor interests. We have covered the company extensively since it was called Medbox Inc and traded under the ticker symbol MDBX and the new image can hardly make us forget the mischief that the company has been up to in the past.

 

The name and ticker symbol change that was made in February doesn’t change the fact that NGBL has suffered a lot of dilution over the years and has had a history of Securities Exchange Commission trouble over misstated figures in its financial reports. Speaking of financial reports, here is a quick look at some of the contents of NGBL’s most recent one.

 

  • cash: $68 thousand
  • current assets: $627 thousand
  • current liabilities: $29.35 million
  • quarterly revenues: $252 thousand
  • loss from operations: $3.85 million

 

Those numbers are pretty terrible, but NGBL’s market cap has already dropped significantly. Still, the liabilities are massive and there is a whole lot of debt that can be turned into BILLIONS of newly printed share, especially after the company voted to increase its authorized share count from 400 million all the way to 10 BILLION.

 

Still, NGBL made a dead cat bounce during yesterday’s session. It gained 16.67% in value and finished the day with a price of $0.00072 after dropping into triple-zero territory earlier this month. The volume was quite big, but the 118.98 million shares that changed their owners managed to generate only $72 thousand in daily trade value.

 

Today’s session shows us that NGBL was quick to correct and is already trading 14.29% in the red. In any case, you should be sure to do your due diligence and weigh out the risks before putting any money on the line.

Comments 4

1. Guest
July 28, 2016, 02:30PM

Quotes I am also looking to invest, but I'm not seeing anything positive about this company ANYWHERE.

2. Guest
July 25, 2016, 12:51PM

Quotes With California on the list of potential Pot windfalls, I see more of a long term investment with Notis Global Inc, and this is the time to buy as much as you can afford to lose, with the hope that it's the beginning of the Pot version of Silicon Valley rushes of years past.

3. Guest
July 16, 2016, 08:58PM

Quotes does penny stock they been scheme people money for years , the SEC the don't care of the public, my self I lost money. I bouth at 0.06 cent and lost all the valued , I know they will never go back up again ,the management of the company take good salary, they use the company to cover there luxury life style , with the investor money , is hard to say but the are smart, the SEC is the only one they can help investor.

4. Guest
June 22, 2016, 02:36PM

Quotes THIS IS A LONG TERM INVESTMENT DONT LOOK AT TODAYS NUMBERS PEOPLE!

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