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That is a blanket statement, "forward looking statements" and a share reduction does have a direct effect on share value and would be without a doubt, misleading to investors. Don't be so sure she can throw anything anything in a PR without legal repercussions. That would be a total blatant stock price manipulation.
If our CEO doesn't file the paperwork to reduce the outstanding shares, she opens the company up to a class action lawsuit. That is grounds for stock manipulation. She didn't use the words, "may", "considering". She clearly stated in the PR that she is retiring outstanding shares.
Where do I find the tweet? thank you
You wouldn't ungag the Transfer Agent if you were planning on an officer of the corporation to unload shares.
Why would the officer of a publicly traded company tell an investor that the company plans to "ungag" the Transfer Agent if it had no intention of doing it?
Simple,,,, TO CAUSE A RUN UP IN THE PRICE PER SHARE OF THE STOCK WHICH THE COMPANY CAN PROFIT FROM.
One of the most exciting things that can happen to a penny stock or a pink sheet stock is for the company to "ungag" the Transfer Agent. By doing this the company is basicly telling the investment world that they are legitimate. A company can hide it's actions behind a gagged Transfer Agent. Investors cannot see what the company is doing with the Issued and Outstanding Share count when the Transfer Agent is gagged.
Meaning the company can dilute the shares into the float to make money while the price per share goes down. Meaning the company makes money at the shareholders expense
Once the share buyback is complete, GYOG shares could be bought up using a sound strategy to get the float locked up.
Manti, that's some pretty strong allegations on your part. Please post a link to backup your opinions. I think you're conveying your opinion without any facts to back it up.
Insurance is just one of those things you have to have, like it or not. I've NEVER EVER had an insurance claim, yet I keep paying the bill every 6 months. GYOG last August had a stop sign. That is now removed and the paperwork being submitted to be in SEC compliance. 500M share buyback wasn't going on last August either.
Patience is the key and not many ppl have patience. Everyone wants 100% gains in a short period of time. If it was that easy, we'd all be multi-millionaires. Patiently holding my shares and I know my day will come.
Looks like the selling has really slowed down. This afternoon we HAVE to get back to at least yesterday's close. I also have a position in GYOG. They just had the stop sign removed and announced a 500M share buy back. MYDX is another one I'm waiting to pop. ELED is so overdue to head north!
Att_for_life, I wouldn't be in a big hurry to buy at .12 All MJ stocks are in a down trend and this one is no different. I seriously think you'll be able to buy lower than .12
MyDx using their capital on product, not share buyback. That is good business sense at this point. Can you point out any companies that trade at .01 or less that are buying back their own shares?
A lot of positive moves being made by CEO. Share reduction, stop sign removed. I'm in at .002 and I'm comfortable with that with all the good news coming.
Lets be honest. When it should go up, it doesn't. So many games played that this is like casino gambling anymore. I'm actually sick of how stocks are manipulated. We've seen share structures with no revenue have a share price much higher than companies who actually have a product that produces revenue. I'm baffled !
I bought 1M shares at .002.
I bought more at .0126. I wasn't able to watch so now I've got no choice but to be long long long.
Wisco, you keep talking like that and you're gonna make me raise my bid lol
I hope my buy order gets filled before any news is out. I did see the share reduction PR that was released on 5/30.
Can't someone update this page and some of the stickies? This isn't even close to being the same company that this page portrays.
I've been reading the financials and the possibility of reverse split. I'm going to be on the sidelines watching to see how this plays out. I want NOTHING to do with a reverse split.
I haven't been posting, but I have been watching. .15 support is in the rearview mirror. .12 is next level of support. Volume is the drug ATTBF needs for the SP to move higher, but until that happens, I predict we'll have a slow bleed out.
It's Friday and I'm on the sidelines waiting and watching like a cat ready to pounce. I don't trust adding just yet. End of day might be a whole different story.
Yes, it will gain 18% over a few days time and then tank another 35% to 40%. That's been the pattern.
They'll be pumping it tomorrow. "loading zone", ".05", "Float locked"
That was freaking amazing!! Now I'm down 60% with this stock.
There obviously are a lot more shares available than what many on this board think. This stock can drop 15 to 40% in the blink of an eye.
I would like to see the bid move closer to the ask. Wide gap between the two.
Not so fast Clegane,
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L2 showing a clear path for MYDX to get back to .01 Updates are always good, even if they don't have a positive push on the SP. Knowing what is going on is always a good thing. So many companies keep their investors guessing and speculating. We who are long are in good shape. Rome wasn't built in a day. We will be rewarded!
I am guilty as charged and i will refrain from doing what got me here. Please restore my posting privileges, thank you.
Buy-back is bad idea at this point. The cash will be put to much better use. Development and marketing. Business 101 !
MYDX CASH FLOW POSITIVE !!!
geoffwe, I am in agreement with you. I don't know if they do that on Saturdays though.
USMC, that's what I see going on. Glad i only have 25,000 shares. My avg pps is at .0363. I do knowt eventually I'll catch a run with ELED. What I hate is getting put in the position that I have to be long on a stock.
Spartak11, I actually seek out your posts. I actually respect your opinion. You also know that we've been hearing, "float locked and loaded" for many days. Only to see us trade sideways or up and down. Might be a few different reasons: (1) You guys don't have as many shares locked up that you thought you had. (2)The shareholders that bought in below 1cent, well they might have been selling anything over .03. Just my opinion of course, but there is no way you could prove my opinion to be wrong.
I'm not saying you're wrong, BUT, I've been reading these types of posts for the last 3 weeks. Truthfully, at this point, i'd rather not hear it.
I have a great idea. Have ELED not begin to trade until 3:55 pm each day. That's the only time this starts to move is the last 5 minutes of the day.
Tequila, really? Read this:
BSE PRE-ICO tests all of our medicine on-site using MyDX Cannabis Verificiation Analyzer
NOW OPEN! COME CHECK OUT QUALITY FLOWER, EDIBLES, CBD ESSENTIALS, GEAR, AND MORE!
WE ARE LOCATED AT 2000 COTNER AVE LOS ANGELES CA, 90025
Top Quality Flower, Concentrates, Edibles, CBD Products, Gear, & MORE!
Let us tend to your medical cannabis needs
Cash flow positive and today's Q1 financials will prove it.
No idea what time today, but I'd love to watch today's action, but unfortunately I have a deal going on that I'm not going to be around till later this afternoon.
I'm thinking today is the day we've been waiting for.