Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I truly hope nobody bases their investments, MYDX or others, on internet board sentiment.
I wish there were a way to prove this MYDX buy and the dozens of others claimed to have been made.
"Does anyone know? NOPE! Could be at .02 in a year but could be at .005 in a year but could also be at .50 in a year!"
That was refreshing to read.
LOL PRs are the last thing MYDX needs right now. It needs solid quarterly results, solid 10-Q reports....not the PR that snookered people into thinking the company is bigger than it really is.
I'm sure Yazbeck has his eyes on his next $9,000 Rolex Submariner thanks to everyone who fell in love with his PR blitz in March.
MYDX moved up in March purely on hype. They settled in court with a lender, and the MYDX CEO wrote up some carefully-worded PR that gave the impression to many they were completely debt-free and the promised land was in sight.
Then the hype met its match with the release of the 10-K yesterday, which showed MYDX is not debt-free or nearly as rosy as the impressive as the MYDX CEO wants us to believe.
Long story short: the 10-K was a reality check.
10K will drop before the call begins
In the call, they will highlight the 2000 units sold in 2016
The OTC is full of scams and should be scrutinized, so it's a legit concern about the company.
The PRs MYDX releases are carefully worded to give potential investors the impression the company is debt-free, even though the 10-K clearly proved that is clearly not the case. Couple that with the timing of the 10-K, Yazbeck's need to embargo it until after doing another PR stunt....yeah, there is plenty of reason to be skeptical of orchestration like that by a guy who wears a $9,500 Rolex Submariner in a presentation to investors.
Yes, water and air are part of the pitch, but less than 30 seconds on Google yields cannabis is the major pitch to MYDX. Even just looking at the 10-K and you'll see see how many times "air" and "water" are used compared to "cannabis." Today's presenter presentation is clear in how they're putting their hopes in the MJ sector. No company is going to lend millions of dollars without their own due diligence when considering a loan.
The problem is, and this is with EVERY company that is involved in MJ sector, conventional financing is extremely difficult. Just one hint at being involved in marijuana, which is a major part of MYDX's investor pitch and selling of the device, and the road to conventional financing gets incredibly steep. Huge for the company if he can get it, but not holding breath.
Yeah, going by what MYDX files with the SEC rather than the presentation and pump off their own website. What a concept!
Not needed "right now" is what he said.
If he will never need it, he would have said so.
The 10-K clearly states they're going to need to dilute further in order to finance and hire more than the one full-time employee the company has.
Because when the company files late, Yazbeck takes the time to claim "record revenue" through PR, raises expectations, and when potential investors see in the 10-K....
the Company incurred net losses of $16,501,889 and $6,367,297, respectively, for the years ended December 31, 2016 and 2015, respectively, and had an accumulated deficit of $26,399,453 as of December 31, 2016.
Yeah, then why was this in the 10-K?
The Company has obtained shareholder approval to effect, in the Board’s discretion, a reverse stock split. By December 24, 2017, the Company may effect a reverse stock split
Word salad by MYDX CEO....
"No need for reverse split at this time"
Like I said before, it's the MYDX CEO just explaining and pumping his way through this.
Looks like MYDX SP is going to get cheaper VERY soon.....
Nice thought for MYDX.....
We may be subject to patent infringement or other intellectual property lawsuits that could be costly to defend.
....we may become involved in litigation based on claims that we have violated the intellectual property rights of others.
The Company expects to continue to experience dilution in the near future.
We expect to need to issue a substantial number of shares of common stock or other securities convertible into or exercisable for common stock in connection with hiring or retaining employees
Let that sink in for a moment..... the CEO acknowledging and "owning" his 10-K is delinquent is going to propel the stock? Seriously? THAT is what is going to move the stock upward?
From the MYDX presentation they uploaded to their site.....
"The company will continue to experience dilution in coming months based on existing outstanding debt on its balance sheet."
So in other words, all those claims that "MYDX is debt-free" were not true.
"On track to become profitable in 2017."
And even before the 10-K is released, MYDX is saying they did not make a profit in 2016.
But at least the presentation has nice, pretty pictures of their office....lol.
An honest answer? Probably because MYDX will want to accentuate some good news on the delinquent 10-K, spin the bad news (the debt, likely), and pump things not on the document.
Of course not, only the earlier suggestion to not ask about the MYDX financials in the conference call.
Monday was a holiday, Tuesday was a D.C. holiday, so no go (despite saying on the NT form they would). But they did manage to find the time to pump out more PR before issuing the 10-K.
MYDX is built up on hype, so it shouldn't be a surprise the CEO feels the need to explain an earnings report that really should be as simple as seeing what's there in black and white.
Which GRNH investors said that?
What, afraid of some bad news?
Not quite sure what to think on that one. No, it shouldn't (and won't) be two cents, I just wish there was a little more action. They key here, as with most in the sector, is reclassification.
GRNH hasn't always done that, it's only been since the $7.4m deal was announced that GRNH has bucked the trend.
The MYDX CEO filed a notice on March 31st saying his 10-K was going to be delayed to April 17th. He reneged on that and is choosing to release days later in conjunction with conference call to sell the results. The results will supposedly come out tomorrow.
I agree. There was hardly any movement when those were released.
I also think the timing of those, when the MJ sector started slowing down, has something to do with it. Many invested in this sector want to see the money NOW and are drowning in fluff PRs. I do not think those GRNH PRs issued before are fluff, rather have a long-term benefit rather than short term. But the effects of fluff PRs from others in sector weigh on companies like GRNH. PRs that will move the needle involve debt resolution or substantial revenue projections.
That said, the Ohio deal did stop bleeding and moved it from mid-fives to parking at 7 now.
The technicals are stabilizing GRNH at the current price, even with the 2 billion authorization. I don't think people care too much about that authorization right now given how financing is (and isn't) happening with MJ companies.
Still, pullback is possible here given how the market overall is due for a correction.
GLTU.
Hmmmm --- searches of ihub and Google fail to show any such claims.
GRNH investors also know that GRNH is in the green right now.
LOTS CONFIRMED BY HAAS -- Read the "deferred payment" section in the recent GRNH 10-K.
Where is the proof of this?
And what about the other revenue that was reported in the recently filed 10-K?
HMMMMMM....can't find any proof to substantiate that claim.
"Almost literally"? LOL. C'mon, if this 10-K was so good, then why is the report delinquent and he feels the need to be on a conference call to explain the numbers?
Where there's smoke there's fire.
2015 was the first year they reported having revenue. So yeah, even if they lost or gained a single dollar, it will be "record revenue."
It's just a word game MYDX plays.
HUH?!
I said I do not factor in that $35k, I'm digressing on that. I am saying the PR that MYDX issues that make it sound like there is NO DEBT OR DILUTION AT ALL is disingenuous.
No, the sector crashed because the idiot DHS secretary backtracked on his MJ comments.
I get the 16th/17th holiday thing, but today's red finish (even though it wasn't by much) shows that when you say something, such at the financials being released on a certain date (again, even allowing the holiday fudge factor), it better be done by then. Will it affect the actual numbers? Of course not, but it doesn't look good to a micro-cap marijuana sector stock or the integrity of the CEO. That's all I'm saying there.
As for debt, claims have been made MYDX is "debt free." That's simply not true (and I'm not even factoring in the $35k, even I consider that to be a non-factor). MYDX PRs lead many to believe they are debt and dilution free. I don't believe that for a second, and that is really disingenuous on the company's part.
As for the predictions, well, there have been ones that have said it will to be five cents by now. Obviously that hasn't happened.
Another reason I am skeptical on the device is practical use. Some claim you can go to a dispensary and pop the product into the machine to get the crowd-sourced data. That goes against every dispensary protocol in states where MJ is legal. Pulling the product out of the bag and giving it to someone to test simply does not happen.
Lastly, the call does not make any sense. Shouldn't the numbers speak for themselves? The call makes it sound like there's some spin that needs to be done about information not in the PR today.
Fabricating conspiracies? I'm just going by what the company filed with the SEC.