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It's probably the penny stock promoter MYDX hired in Canada.
Probably a small uptick in MYDX device sales, an increase in debt and an official tally on how many dilutive shares have been issued.
The company's sentiment about it will be easy to spot, as MYDX has recent history of spinning numbers just prior to the releases.
Looks like the market laughs and and shrugs at phantom claims about GRNH deals not happening.
New deals happening, complete with links and photographic proof of wheels being in motion. That's why GRNH is green today.
Links that prove this claim about GRNH?
Oh right, there IS NO PROOF.
The real reason MYDX SP is under half a penny is because of the company's own financials.
Huh? There are TWO igot420 buildings being built RIGHT NOW for GRNH.
And you know what? ACTUAL LINKS TO BACK UP MY GRNH CLAIM....
https://greengrotech.com/greengro-technologies-to-break-ground-on-second-igot420-facility-company-secures-4-million-financing-for-new-cathedral-city-ca-project/
https://globenewswire.com/news-release/2017/04/27/973575/0/en/Greengro-Technologies-Inc-Helps-Secure-an-igot420-all-New-North-Hollywood-Dispensary-and-Gro-Build-Out.html
Is there a link showing these supposed GRNH deals NOT being built out right now?
No links, no reason to believe GRNH claim.
MYDX has simply been overhyped. The company floods the markets with PRs that obfuscate the truth, only to see SP drop sharply after financials are released.
Just like that 10 cents by June MYDX prediction back in March?
Sucks even more for the people who bought MYDX at .022 two months ago, out 80% of their investment.
No doubt there is proof of the claim about GRNH. Oh wait, no links to back the claim up? Got it.
Even more hilarious is how there are no links proving this claim about GRNH.
GRNH just posted several pictures and an update on Facebook of the building process for the North Hollywood location.
Definitely ceiling and walls built, post says they are waiting for architects to complete work before installing electrical and HVAC.
One review for the MYDX device -- I'm sure that is representative of an entire country.
And I wonder if that "review" by "Anthony" has the last name of Tozzi. Wouldn't be surprised, as one of the Amazon "reviews" has an obvious connection to Yazbeck.
$1,200 CAD ($1,050 + 13% HST) for the MYDX device? YIKES!
$85k in Q1 revenue
10:1 cost of revenue
$6.6m in debt
Issuing more and more dilutive shares
Unverifiable data
Poorly executed ad campaign in cities where rec MJ isn't even legal yet
80% drop in SP in two months
Yeah, MYDX....all the signs of a strong investment. NOT.
Baloney....there is no such sentiment about MYDX. The woeful financials show it, and a SP that is half a penny, down 80% from two months ago.
If the MYDX device, and the data. are truly transparent, the where are the third-party independent findings?
The Canadian ad campaign started in late June, and June 30th is the end of Q2.
So, MYDX is going to have a financial renaissance in Q2 numbers based on a poorly executed ad campaign that was in effect for about two weeks in a country where rec MJ isn't even legal yet?
Those two weeks are going to reverse only $85k in revenue and $6.6m in debt, and more dilutive shares being issued?
Very little of how and what MYDX does makes any sense.
LOL, sure.
The problem for MYDX is how in March and April, the SP only went up on 8-K pump, then tanked after the 10-K and 10-Q were released.
You may have missed the point on the post you're referencing about what the MYDX machine can and can't detect.
The referenced 80% drop in MYDX SP was from a little less than three months ago.
An 80% drop in MYDX SP from April to today is no big deal? I'm sure that's comforting to people who are hoping to merely sell at the price they got in at.
California does not appear to be on the MYDX radar. Rec MJ won't be coming to Canada until 2018, yet advertising focus is in Canada right now, not California. Which also makes no sense since California has a larger population than all of Canada.
MYDX is good at pumping out 8-Ks, but terrible at producing positive 10-Ks or 10-Qs without accompanying accounting obfuscation.
Most of the MYDX shareholders are likely people who bought in at the March and April pump who are just trying to get their money back.
I thought the holiday week was supposed to be bad for MYDX?
85% out of 15 reviews? Giant sales there. And that's assuming they are genuine sales, because the evidence to the contrary is staggering.
Many of those "five star reviews" don't even pass the laugh test. No average consumer uses that kind of language, those are plants.
There are only TWO reviews that come with the label "Verified Purchase." TWO (that's 13%, BTW).
The best MYDX review is from "Adriana SanDiego." Not so much for the review itself, but in an MYDX filing with the SEC comes this gem: "1,000,000 shares owned by Daniel Yazbeck, as Trustee for the Adriana Tomazelli Trust"
I'm sure it's a COMPLETE AND TOTAL COINCIDENCE that someone named "Adriana SanDiego" happened to review the MYDX device, made by a company that happens to be in San Diego, and has a name associated as a inside shareholder of the company.
Best of all: the proof is in the IR section of the MYDX website: http://ir.cdxlife.com/section-16-filings/content/0001213900-15-004754/form4.html
2021? MYDX is struggling to keep its head above water in 2017.
Yes, it is funny. The rationale/spin delivered on why MYDX is sluggish, should be doing better, or even false belief of why it's doing great.
"Overbought"
"True value is two cents"
"Long and strong"
"it's the MMs fault"
"Holiday week"
"Ten cents by June"
"Oh look, someone bought 2m shares"
"MYDX is cash flow positive"
The sentiment as to why MYDX has dropped like a rock is tantamount to a sports team blaming the officials/umpires or some other arbiter for their woes. Whereas the only reason MYDX isn't flourishing is because of a flawed belief there is a giant market for this, highly questionable validity to the data and the database and comical spinning of the MYDX financials.
If MYDX was a strong company in a strong position, it should be able to overcome such hurdles and not be subject to the SP swings that come with blatant pumps.
The only times MYDX went up was when Yazbeck issued fluffy 8-Ks that obfuscated reality. That's why the SP drops precipitated from the K and Q releases. It also says a lot when the CEO plays games with the releases of those documents. It will be notable when Yazbeck actually releases financials without trying to put lipstick on a pig.
That 2m buy was at .0041, and the MYDX SP is at .0040 right now.
That buy was a huge help....lol.
Obviously I agree about the holiday week, I even agree about the point about the sector.
I even partially agree with MYDX going up again. But only because of the history of the Canadian promoters that were hired, and MYDX's history of obfuscating things.
Still, only so much can be blamed on peripherals.
If the holiday week is the cause for another week of MYDX SP sliding, the why has the volume been at or above the average?
At what point do outside excuses run dry and facing the fact that MYDX has lousy technicals and there probably isn't a product for to sustain the company without diluting shares or toxic financing?
No it's not. MYDX is diluting shares and has lousy financials. That's why the share price has sharply declined.
Any update on that 10 cents by June MYDX prediction?
How about .015 being a "great buying opportunity" for MYDX?
I guess it depends on the definition of "run."
I do think MYDX is going to go up again, albeit artificially and norm based on technicals. Something similar to March, when those two 8-Ks came out, but then the SP dropping again after the financials are released.
If that's an actual number that came from MYDX, I'm pretty sure that constitutes insider information.
The PHD said.....
"....provide a prediction of the Cannabinoid and Terpene Values based on our Lab Tested Reference Database."
That's very different than saying "the MYDX device determines the cannabinoid values....".
The words Yazbeck chose to use makes it sound like that referenced proprietary algorithm is a substitute to actual detection of cannabinoid vapor.
MYDX is already having to resort to diluting shares in order to keep business rolling. It's in no position to change course and pursue that venture.
Besides, two other companies are trying to fill that void, Hound Labs (privately owned) and Canadian firm BLOZF.
After reading this post a few times, I have no idea what it means.
That's another fundamental flaw in the assumption of how the MYDX device would be used.
In states where it it legal, growers are required to keep strict records of growth, including how many seeds are planted, how much sample they are allowed to use and distribute, and to keep logs of them.
They're not going to drop massive quantities into some device that has real questions to its accuracy.
Volume is a two-way street, the MYDX SP drop and volume being on par with 10-day average is another indication of likely dilution.