Medbox Inc (OTCMKTS:MDBX) Trying To Stabilizes Above 10 Cents Per Share

[[tagnumber 0]][[tagnumber 1]]The stock of Medbox Inc (OTCMKTS:MDBX) has been having a hard time for quite a while now and this year was no different this far. We did see some impressive positive movement in the end of August and a massive increase in value, but the hype was short–lived and the ticker corrected after four sessions in the green.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Over the course of just 2 trading days we saw [[tagnumber 6]]MDBX[[tagnumber 7]] lose around 54% of the value it had gained, before eventually managing to somewhat stabilize and lower the daily losses. The company’s market cap at the moment is not that big and we aren’t surprised that it can have such impressive upward runs. The financials, however, have not been very good, so the ticker is still quite volatile.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Here is a quick reminder of what [[tagnumber 6]]MDBX[[tagnumber 7]] had to offer in the balance sheet of its report for the second quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $564 thousand[[tagnumber 19]] [[tagnumber 18]]current assets: $1.65 million[[tagnumber 19]] [[tagnumber 18]]current liabilities: $13.16 million[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $84 thousand[[tagnumber 19]] [[tagnumber 18]]quarterly net loss: $11.39 million[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those are certainly some disturbing numbers, especially when you consider the fact that the revenues have gone down a lot while the net loss has increased significantly compared to the previous year. In fact, the cost of revenues alone is more than 10 times the revenues themselves, being $867 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The convertible debt has also increased quite a lot compared to the end of last year and has gone up to a massive $4.65 million. Still, the ticker refuses to sink below the 10 cent mark once again. Yesterday it managed to add 10.42% to its value and close at $0.106 with a total of 872 thousand traded shares and a daily dollar volume of $89 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]However, we do see some hesitation in today’s trading. [[tagnumber 6]]MDBX[[tagnumber 7]] is 5.66% down nested at exactly 10 cents per share as of the writing of this article. Will it drop below the mark or manage to stay above the surface is for time to tell.[[tagnumber 2]]