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Incorrect. 10K was Audited. Clearly stated on the filing.
Highlander, why keep asking the same question over and over? If it's "Fake News" then MYDX will be liable for pursuing a frivolous lawsuit, and will have to pay all of the related expenses. I really doubt that's the case.
To be honest, I'm more interested in where the lawsuit is going. The financials will work themselves out over time, as long as Yaz can remove some "roadblocks."
Yep.
We all have access to the same info. My thoughts:
Hard to say. Profitability and Cash Flow are hard to predict when you only have one financial snapshot every 3 months. It's possible that you'll be right (not likely IMO).
A mentor of mine once said "companies don't go out of business because they lose money. They go out of business because they they run out of cash." There are tons of companies that have never (or rarely) reported a profit, and for a lot of different reasons. Amazon, Uber, Zillow, Twitter, Spotify...the list is endless. Companies often choose to invest all of their revenues and more back into the business as they shoot for future growth.
The real question, IMO, is whether the company is moving in the right direction. I think they are. Per the lawsuit Yaz has over $500k of personal money invested. With that much skin in the game, I bet he'll find a way to keep the bills paid until the time that sales take a massive jump, an institutional investor takes an interest, or a bigger company decides to buy him out.
I'm much more interested in Cash Flow status than P&L.
Buys over Sells, 3:1.
Are you saying that you still haven't seen the lawsuit posting? Your link doesn't work. There's another that links to the 299 page lawsuit.
Good to hear from you. Be safe!
Dunno. Never met him.
Sorry Highlander, I'm not sure if that will be released before or after the subpoenas to reveal the identities of the 25 "John Does" are filled and resolved.
I don't know one if they are doing business in China or not.
I will comment that the highlighted sections simply say that the agreements were terminated. They don't seem to say that MYDX no longer has a presence there.
Answers to both of those questions are detailed in the lawsuit. Seriously.
4:1 in favor of buys today. With a little activity this could bounce higher.
It's poetry, man, just go with it.
Nobody's critiquing Maya Angelou or Shakespeare, and a lot of their stuff isn't factually correct....
The lawsuit's a scam,
the cash flow's a ruse,
the sky is green and the grass is blue
JBare's Greatest Hits, (c) 2017
Must be Friday. I don't hear extortion referred to as "frivolous" very often.
So you are saying that if a "Sane" person looked at the Statement of Cash Flows (below) they would draw the undeniable conclusion that it was a "ruse" and that the cash flow was clearly not positive. What would they see, specifically, that would lead them to that conclusion?
So what does that make the rest of us that don't reach that conclusion?
The lawsuit was not filed to get attention. The lawsuit was filed to protect the equity of all shareholders.
Please provide more details as to why you think that a sane person looking at the cash flow statement would think that it is a ruse. It looks legit to me.
Of course not? What are you saying then?
Why would you feel that you are entitled to that information? If a shareholder isn't getting answers to the questions that they need, their recourse is to sell their stock and move on.
Give us some details co-pilot. Why do you feel that way? Why do you feel like it's a disappointment, and can never go anywhere?
And, actually, the time frames on the data that you provided pretty much coincides with the exhibits that I saw yesterday. Did you have a chance to check those out yet? Given that, it seems like there is certainly another plausible explanation.
Well, that's certainly one explanation!
It's possible that some of the other folks around here might have a different opinion.
Let me know if you hear any more about this. I'm up for it. 16 million shares, and it dropped like a rock in the midst of all this.
Disagree completely.
Sorry, not allowed to provide the link. See the latest sticky.
So, in your opinion, the cash flow statement has been fabricated?
And regarding third-party verification, did you see the exhibit that I mentioned earlier?
No, I think you're wrong. They definitely had positive cash flow for q1. Just look at the statement of cash flows. It's very clear in looking at that. Can you not somehow can see that it's possible that a piece of boilerplate legalese didn't get updated during the final edits of the queue? That seems much more likely than saying that someone fabricated an entire statement of cash flow.
Why are you so dead-set on saying that they had negative cash flow? Seems like it would be a positive thing to see the company making improvements like that, no? Not sure why you insist on saying that someone is lying when creating the Q. I don't see any evidence that the reality of the statements that were filed with the SEC can back up what you're trying to say.
I agree about the reviews. I was reading yesterday about the verifications done by Nemko. Exhibit F. Did you see that?
Why do you think positive cash flow wouldn't be seen as a positive by a company doing due diligence? I don't follow your logic.
IMO it will be good. Great company move to recoup lost shareholder equity. Lawyers would be essential to the process.
What are your concerns, specifically?
I was reading yesterday where there was extensive third party verification from a company called Nemko. It's Exhibit F.
Level 2 is thin up through .0046 - .0050. Someone with a little dry powder could take us back up to even for the day...maybe even green.
Sorry. Don't know what you are asking.
What does it say?
Hmmm. Here's the story that the Ks and Qs are telling me:
A young, growing tech company has emerged from a problematic period, reported that it's technology is being marketed internationally, it has wiped virtually all of the convertible debt off of its balance sheet, it has experienced a cash flow positive quarter, and it's taking action against individuals that are causing downward pressure on its stock price.
It's hard to say when.
The why is pretty simple...a huge run up would be triggered by one or more institutional investors getting involved after seeing [[whatever it is that they need to see]] to convince them that the company can make money in the long run.
We don't know what will convince them. It could be the promise of a lawsuit that will reduce misinformation. It could be multiple quarters of positive cash flow. It could be showing multiple quarters of balance sheet cleanup that shows that past problems are behind us. It could be a successful marketing campaign that proved that investing in marketing in certain MJ markets yields some multiple of profits.
Bottom line...it's difficult for individual investors coming into the market to cause a huge run. But if the right events happen and even one of the "big boys" shows up, all bets are off.