Medbox Inc (OTCMKTS:MDBX) Comes Back Down Again

[[tagnumber 0]] [[tagnumber 1]] [[tagnumber 2]][[tagnumber 3]]It is painfully obvious that the stock of Medbox Inc (OTCMKTS:MDBX) has been having a tough time this year. In the start of 2015 the ticker was sitting at around $6 per share and managed to lose around more than 90% in a matter of four months, recording very few sessions in the green.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]Things couldn‘t have been any different, considering the fact that the company had to restate multiple financial reports, was under investigation by the SEC and there was a class action lawsuit. The latest annual report of [[tagnumber 8]]MDBX [[tagnumber 9]]is also lacking any interesting numbers. In fact, the content of the balance sheet looks quite discouraging.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 13]] [[tagnumber 14]]cash: $101 thousand[[tagnumber 15]] [[tagnumber 14]]current assets: $1.63 million[[tagnumber 15]] [[tagnumber 14]]current liabilities: $11.58 million[[tagnumber 15]] [[tagnumber 14]]yearly revenues: $621 thousand[[tagnumber 15]] [[tagnumber 14]]yearly net loss: $16.54 million[[tagnumber 15]] [[tagnumber 24]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]The situation certainly looks bad and we can only hope that [[tagnumber 8]]MDBX[[tagnumber 9]] doesn‘t have to restate any more filings that show things are actually even worse. Considering these numbers it is no surprise that [[tagnumber 8]]MDBX [[tagnumber 9]]has been sliding. After all, it holds a market cap of around $20 million, which is quite big compared to book value.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]After hitting a 52–week low of $0.505 on Monday, however, the ticker did manage to make an impressive bounce that pushed it 38.61% up in Tuesday‘s session. The volume was also significant and we saw more than 1 million shares change their owners, generating $593 thousand in daily trade value.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]It didn‘t take long for it to return to sliding and we saw [[tagnumber 8]]MDBX [[tagnumber 9]]lose 16.43% during yesterday‘s session. The volume was half that of the previous day and only generated $274 thousand in trade value as the stock was sliding towards a close of $0.585 per share.[[tagnumber 1]] [[tagnumber 2]] [[tagnumber 1]] [[tagnumber 2]]Considering all the red flags surrounding the company it would be wise to do your due diligence and weigh out the risks before making any moves.[[tagnumber 1]] [[tagnumber 0]] [[tagnumber 1]]