Medbox Inc (OTCMKTS:MDBX) Turns Red Again
[[tagnumber 0]][[tagnumber 1]]Medbox Inc (OTCMKTS:MDBX) has had a bad performance for quite a while and there are a lot of people that have lost money betting on the long–term success of the company. We saw a little bit of positive movements in the second half of last month, but the green streak was short–lived.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The buying pressure that was obvious in the massive increase in daily volumes finally took its toll on [[tagnumber 6]]MDBX[[tagnumber 7]] and the stock returned to its downward slide. As trading became less intense we saw the ticker try to stabilize in Tuesday’s session, but [[tagnumber 6]]MDBX[[tagnumber 7]] lost another 17.86% in yesterday’s trading and finished the day at $0.1035 per share while the 6.83 million traded shares generated $722 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We don’t see things getting any better, especially when consider that even the Tuesday positive movement was supported by a lengthy, upbeat letter that was issued to shareholders. Another thing that people who are thinking of investing in [[tagnumber 6]]MDBX[[tagnumber 7]] should be careful with is the significant decrease in revenues compared to last year and the massive increase in net loss.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]All in all, [[tagnumber 6]]MDBX[[tagnumber 7]] is quite the risky investment choice and it seems like even the best effort put out by its management team in order to promote the stock fails quite quickly. Considering all this you should be sure to do your due diligence and weigh out all the risks before putting any money on the line.[[tagnumber 2]]