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Even more current GRNH information: support clearly at .05, as every time it goes into 4s, it bounces back into the 5s quickly.
ROTFLMAO!!!
I appreciate you taking the time to reply.
However, Wikipedia is not a valid, trusted source of information. It's a good start to point one in the right direction, but as the gospel not so much.
I am well aware of the regularity of Fortune 500 companies acquiring start-ups. The other side to that coin is that there are many, many more start-ups that do not get bought out and just die on the vine.
The pitch from MYDX on the database is not strong. Having a database going back to 2015 is paltry. And one must question the accuracy of the data it is getting from the devices. How do you know the cartridge has been changed after each use? How do you know if the chamber has been replaced every six months, both as prescribed? The possibility of cross-contamination is off the charts. And a company like Pfizer is going to buy this?
Big Pharma likely has databases going back decades, not just two years. And most of them are laboratory controlled environments to ensure accuracy. It's in Big Pharma's best interest to hold medical marijuana down, and in order to do so they need to know exactly what is up against them. They have the data already, they have done the research, Power Point presentations have been made and reviewed.
The MYDX device has limited use as far as cannabis goes. Dispensaries are not going to let customers take product and run it through machines. Heck, even the owners of the dispensaries can't do it. Regulation of the product is incredibly tight, the product is sealed until it's sold. States require things such as bar-coding and scanning from seed to sale.
Since air and water were mentioned, how many devices did MYDX sell after those handouts in Flint and Alabama? In all the PRs that have been written, there has not been any mention of sales of the devices as a direct result of those handouts.
Panasonic security systems does not exclusively sell or cater to marijuana companies....big difference.
And yes, I am talking in the most basic of sales terms for MYDX.
I completely agree the tide is turning, yet that doesn't mean it will happen soon. The White House and the other branches of government have other things going on right now.
As for databases, I'm sure a company like Pfizer has spent a lot of money already in research to fully understand what MJ can and can't do. Big Pharma's lobbying against medical MJ makes it clear they know they stand to lose money. They're not going to risk their market place and profits and sit idly not knowing what MJ can and can't do. I would be very surprised if Pfizer doesn't already have the information MYDX has.
Again, I agree that having a network is good for making connections. And yes, it is essential. However, it does not equate into automatic sales. I'm not sure of a clearer way to put that.
Pfizer, Panasonic (really?), nor any big name company is not going to get involved with marijuana right now, connections or not. No, MYDX does not sell or grow the stuff, but until MJ is reclassified, corporate America will not get close to it....there is way too much for them to lose, and the legality of getting involved is murky, at best.
"Connections," domestic or foreign, do not equate to sales. No question, it may get a few more emails or calls returned, but it does not mean there will be sales.
Why would Pfizer, a company that PROFITED over $50 billion last year want to do anything with MYDX? Why not develop something in-house? Besides, Big Pharma is very anti-MJ, medical or recreational.
Having lived and went to school there doesn't equate to automatic sales, it only means he may get to cross the border easier.
Any update on this MYDX prediction?
Is the "connection to Canada" based solely on those blog sites? Hope there's more to it.
No failure to acknowledge that, that's also under the umbrella of "expectations." Again, what was the number
My question on the PR is wondering if something was indeed sold out, why is the inventory sitting around on a shelf? That's the picture painted by what he said. The text of the PR made it sound like he had those 1,000 units sitting in a closet, and he had UPS come by to pick them up and send back to the factory for 2.0.
Being sold out, I would have expected language saying, "we had to ramp up production to meet demand," not this retrofit stuff.
I'm saying there is no basis for expectations, on top of many loopholes in the language chosen in the MYDX PRs. Until there are numbers, there is no basis.
Again, EVERY publicly traded company "expects" to do better. We all expect to do better. My point is that just because a company says they expect to do better does not mean it will do better. No company is going to write, "meh, maybe or maybe not" when it comes to its future.
Look, the sales of units could be beyond expectations, who knows. He writes a lot of PR, and with each one he writes, better perspective should be gained on what is said and what the reality is ("reality" meaning the financials). That's not being negative, that's gaining insight on the character and integrity of a company and its CEO.
What was the demand? How many units consisted of being "sold out?"
The English language is a wonderful thing, and it's very easy to imply something has happened without really saying it. That's the feeling I get with MYDX.
Remember what the 8-Kate said back in March? He gave very specific details on the outcome, even mentioning how much money was involved.
How come Yazbeck hasn't said how many were sold? Doesn't it make sense to say "we sold out of XXXX units?" He needs to offer more than "expectations" and generalizations.
EVERY company says they "expect" to be somewhere positive. MYDX, nor any other company is going to say, "yeah we kinda hope we'll do okay next quarter." Nor can any company say, "yes, we'll definitely have XXX revenue by XXX." It's typical PR speak.
The MYDX PR said nothing about how many were sold, and the financials have not been released. So, how does anyone, except for Yazbeck himself, know how many were sold in Q1?
Spicer didn't help, but the sector has been sluggish in 2017 because it was overbought in 2016. There was a ton of hype thinking MJ was gong to be rescheduled by President Obama, and probably the assumption Clinton was gong to be elected. Those two things not happening took the hype out.
GRNH is hanging in there because of its revenue, but it can't escape the slow bleed that is the entire MJ sector. There are plenty of MJ sector companies sub-penny right now. GRNH seems to have support at five cents.
No, the truth of yesterday's PR will not come out in the Q1 results, because this is Q2 right now.
This is the carrot-dangling the MYDX CEO does in order to distract people from potentially bad financials.
Think of this in the mindset of an MYDX PR writer. IF 1,000 units were sold, therein lies the opportunity to say something to the effect "and 1,000 units were sold, which is 699,000 in revenue, which is near what MYDX sold all of 2016."
But that wasn't said, that's one of the examples of why what wasn't said can be just as revealing.
With every PR Yazbeck issues, he raises the bar on expectations. And that's perfectly fine, but with that comes both expectations and consequences.
We're going to have to agree to disagree on the "delivered" versus "sold" descriptor. Technically, he could be "delivering" those 1,000 units for the retrofit.
I don't get where the 1,000 units being delivered means 1,000 units were actually sold.
Until Yazbeck uses words like "sold," the criteria used in the financial reports, I remain skeptical. The PR does not say how many units led up to being "sold out." What he says in he PRs (as thousands of other companies do) , is what he wants people to think. Often, the real story is in what is not said (again, with many other companies).
He hires people to specifically to write PRs to give people the illusion things are rosier than they are. And the entire MJ sector is a slot machine right now.
All told, that's why MYDX is down 50% compared to after the last wave of PR back in March. Given his history, this PR tells me the 10-Q is not going to be as pretty as Yazbeck hoped. That's why he filed the extension, so he can do that carrot-dangling for the future, when Q1 may not be so good.
Let's see what the MYDX 10-Q says, because if Yazbeck is eager to mention that he delivered (not sold, delivered) a specific number of devices, yet he does not say how many were sold that make up the "sold out" claim...that's another red flag in his word salad.
As always, the financial documents will have the truth. Let's see if Yazbeck plays more games with them again like he did the 10-K.
Can't go off of "impressions" like that, from GRNH or any other company.
There was record-breaking information in there. Everybody and everything is number one somewhere. What matters to investors may not be where the "record-breaking" element was.
GRNH has a clearly defined "deferred revenue" policy, meaning they don't put it into the reports until it's in their checking account. That's the long-term beauty of GRNH, long-term revenue streams.
Patience.
Where in the PR does it say there was $1m in revenues for MYDX?
The 10-K was not as expected. The 8-Ks in March created a false narrative and belief was that MYDX was completely debt-free. Don't believe me? Go back to the posts here on ihub and see how many people were saying "debt free." When the 10-K said only only was there debt, it skyrocketed.
And I read the PR from yesterday. Notice how it said "ordered," and not "sold." The PR is notable for what it does not say and an odd contradiction.
How can something be "sold out" when there are devices that are already made being retrofitted?
Just more word salad from Yazbeck. The real info will be in the 10-Q.
Were you expecting the entire $7.4 million deal out into the GRNH books?
Nice, fluffy PR. Which is a likely sign the 10-Q has some bad news, just like what happened last month with the 10-K.
Whenever Yazbeck feels like releasing it. He embargoed the 10-K beyond the date he said in the extension document, April 15th, then on April 20th, did an investor's conference call saying the auditors were still working in it, then released the documents minutes later.
"Critical review?" In other words, MYDX investors expecting the company to make money and live up to the hype the CEO puts out?
Obviously Yazbeck likes to get investors in a lather about stuff through PR, then those pesky financials come out and tend to contradict those fluffy PRs.
Huh? GRNH 0.75% "in the red."
ROTFLMAO!!!!!
Yazbeck likes to paint pictures that are much rosier than what shows up on his financials, and they are well-timed.
Again, pointing to the history, this tells me the 10-Q is not going to be as good as people hope, and the Yazbeck's PR today is another carrot-dangle for people to not sell-off in light of that.
Yazbeck said 1,000 units DELIVERED, he didn't use the word "sold."
And he used the word "retrofitted," which means he has inventory sitting around. Makes me wonder what exactly was "sold out."
It's another careful-worded pump. MYDX will go up again, but given Yazbeck's history, this is an indicator that the 10-Q won't be favorable.
Huh? GRNH is at .053 right now.
You're really asking me for a link to a document that has been out for over a week now?
Go to otcmarkets.com, search PHOT on the upper left, then select filings and disclosures.
Agreed on all of those points.
PHOT fins are out, and not a peep on this board about them. If the numbers don't say anything, the "excitement" here about PHOT speaks volumes.
That's my point, is that it likely happened without anybody noticing.
I wouldn't be surprised, in fact it would be smart to do this, if there was some agreement made as to not make it obvious when things were done.
Yazbeck's own best interests is very different that MYDX's best interests.
If the you-know-what ever hits the fan, everybody knows whose interests are going to come first.
GRNH did better last year than before, more than tripled the previous year.
And the month of May is not summer.
The month of May is not summer. GRNH did better last year than before, more than tripled the previous year.
GRNH investors know the revenue they saw in the 10-Q filed yesterday.
Massive increases.
Yazbeck is not going to make it obvious when he will dilute. He's not going to dilute the MYDX shares in one transaction, he knows it would be too obvious.