You see, I HAVE been doing my DD. Let me show you some of it:
- A product that is way too slow for the average American attention span.
- Q3 revenue down 41%.
- The 8K shows a court settlement, not a "win" as most people say. Legal settlements mean both parties are cutting their losses. That $217,500 MYDX is getting in the settlement probably won't even cover attorney fees incurred.
- "Key liabilities" -- not ALL debt. And I'm not talking the $35k. The 10-K on Friday will reveal how much debt and revenue they have.
- Go to Amazon and look at the reviews. The number of reviews for the product is in the single digits. If this was flying off the Amazon shelves, there would be a LOT more reviews.
I truly believe there IS potential here. But the product is not right yet, and there is a true question as to whether it will be able to finance the changes. And in order to better its product, they're going to invest more, on top of the $9 million (according to their latest pum....I mean, press release) already invested.
