Medbox Inc (OTCMKTS:MDBX) Reaches News 52-Week Low

[[tagnumber 0]][[tagnumber 1]]The stock of Medbox Inc (OTCMKTS:MDBX) has been having it hard for quite some time now. It did try to gain some value in the end of August, but the hype was short–lived and the ticker came back to descending the charts.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]To be honest, this doesn’t surprise us one bit. Even though the company has been able to generate some decent revenues it also registers massive losses each quarter. A quick look at the numbers contained in the company’s report for Q3 shows the picture pretty clearly.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $346 thousand[[tagnumber 11]] [[tagnumber 10]]current liabilities: $16.7 million[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: $314 thousand[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $9.2 million[[tagnumber 11]] [[tagnumber 18]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Definitely looks quite terrible and when you take into consideration that [[tagnumber 22]]MDBX[[tagnumber 23]] has recorded a total net loss of more than $25 million during the first nine months of this year it becomes even more terrifying.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The massive dilution that the ticker has gone through, which we discussed in our previous article, is also not to be ignored. These things are the reasons for which [[tagnumber 22]]MDBX[[tagnumber 23]] keeps falling down the chart. After a 14.85% loss yesterday we saw the ticker drop to a 52–week low of $0.043 per share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today it seems that [[tagnumber 22]]MDBX[[tagnumber 23]] is a bit more stable, but nothing is certain. Be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]