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Hmmmm, Google doesn't show any such events happening.
You know volume includes the sellers, right?
Hmmmm, shows green here.
Growlife has customers?
It means people do not see it going above the price the sold it. Has nothing to do whether or not additional dilution will happen.
The reason sales figures aren't out is because James Haas has said publicly that there is too much business coming in, can't keep up with it, and said he is in the process of hiring a dedicated finances person.
Pretty good sign when you're too busy, huh?
Oh, by the way....another day in the green from GRNH!
Let me get this straight -- you "deal with facts and numbers" and you're excited about a company that had a revenue decline of 41% in their last 10-Q filing?
"This board is useful because reviewing others posted DD saves me time in research and gives me investor sediment."
I trust you mean "sentiment," unless you're a geologist.
I too look at boards for leads on things, but I do not simply rely on them for due diligence....that, in my opinion, is completely foolish.
Case in point, as I have already said, everybody is saying and interpreting things from the 8Ks that are simply not true. If anyone believes this company is truly "debt-free" (as said on this board regularly) is kidding themselves. And I am not just referring to the $35k. The settlement (another misconception, everybody says they "won") of the lawsuit likely just covers the attorney fees, and I'm guessing that may not be enough to cover those fees. "Settlements" mean two parties agree it is in their best interest to cut their losses and move on.
Again, I have still yet to see anyone say the facts I have gleaned from the SEC filings, the company's website, Amazon, or any other source, to be false.
I am truly happy for the people who have made some serious coin in this uptick, it truly has been a remarkable run. It is the basis of that run, is what makes me skeptical of things right now. Keep the stock, sell it, buy more, I could not care less. The only thing I suggest people do is to do their own objective due diligence.
AGAIN, I am not bashing this stock; that's YOUR interpretation. Just because I actually looked deeper than many who post here and do not agree with the majority narrative here means I am bashing the stock.
I have already posted my DD on MYDX. My DD, including information from the last 10Q, and opinion on the 8Ks (posted in the past three weeks), you already deemed "old." There is NOTHING I can say about this company that you will either believe or hasn't been said already.
I don't care how long anyone has been doing due diligence.
Like I have said before, nobody is going to have the same opinion of a company, no matter how long you have been tracking the company, after doing their DD.
My opinion and interpretation just flies in the face of what people have absorbed through internet discussion boards, carefully-worded PR and what they want to believe.
That's the AH price after 3,750,000 shares of MYDX that were sold after the close.
No, it's just information you do not want to read.
If the information I mentioned from the 10Q was inaccurate, there would be plenty of people pointing that out. Everything I have said about the 10Q, Amazon reviews, and what I have said (and quoted) from the PRs are accurate.
It would be one thing to dispute the numbers and facts, but so far, the only rebuttals have pretty much been name calling.
LOL....the most recent 10-Q data is "very old" news and not DD.
Look, it's just due diligence and facts people do not want to read right now.
If you actually READ AND INTERPRET what I am saying, I am not bashing this stock. I am amused reading what everybody is saying about this "juggernaut." There is nothing but internet discussion board "hype" propping this up.
Due diligence is not all about taking what companies say in their PR as the gospel. Instead, carefully look at what they say, including the words they use and read between the lines.
Seriously, look at what people have been saying about MYDX in light of the PRs. They're saying stuff the company wants you to believe, but do not specifically say.
I truly believe there COULD be a hole for this type of product. However, I do not think it's ready for the big leagues yet. Click on my name and look at my post history if you want to see my DD on this company.
Then you clearly need to dig deeper.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=129874456
Since PRs and pump from discussion boards are the only catalysts (NOTHING is about actual revenue), it's understandable why people get upset when a dose of reality is injected to a pumper parade.
LOL.....good for you.
Personally, I love it when the words "loaded" or "loaded up" are used. Those are hilarious.
Honestly, I am thoroughly enjoying people get hyped up over a company that authored two extremely well-written PRs on consecutive Fridays. Yet, the last 10Q showed revenue down 41%.
But the boards, like iHub, are on fire for this stock, and that's clearly the only reason this stock is where it is today.
If you're making money, I'm genuinely happy for you. It just makes wryly smile to see how much, what what constitutes DD nowadays.
Enjoy that 10-K on Friday!
Because 3,904,000 shares were diluted AH.
3,904,000 AH. T-Trade? Still dilution.
Follow the money.
A picture of 14 devices sitting on a table doesn't tell me much.
There is a HUGE difference between "expects" and actuality. I mean, I expect Scarlett Johansson to be in my bed tonight.....that doesn't guarantee anything. Look, the English language is an amazing thing, and people can be led to believe things that may be fully true, half true or not true at all. The 8-Ks are a great example of getting juices flowing.
The CEO did NOT "promise" profits, he "expects" them. Just as you expect your kids do you their homework, brush their teeth and eat all their vegetables. The word "promise" is nowhere in that document you linked.
About the app....OF COURSE there is going to be increased interest days after pot passed in California. I just looked in the Apple App Store, it's not in the top 150 right now. If so many are flying off the shelves, shouldn't this app have more than just six reviews? Not just six reviews, but have you read them?
I didn't even bother clicking on the hyperlink saying "strong-third-quarter-2016-financial-results" -- their 10Q said their revenue was down 41% in that quarter. That should be a hint (and red flag) as to how they spin things.
The more I read about what this guy says and does, the more this truly feels like a P&D.
I don't recall either device taking three minutes to boot up. Assuming that's true, "when they first came out" -- that's TEN YEARS ago. We are in a technologically advanced world where standards change in 10 minutes....just ask anyone who works in Silicon Valley.
You see, I HAVE been doing my DD. Let me show you some of it:
- A product that is way too slow for the average American attention span.
- Q3 revenue down 41%.
- The 8K shows a court settlement, not a "win" as most people say. Legal settlements mean both parties are cutting their losses. That $217,500 MYDX is getting in the settlement probably won't even cover attorney fees incurred.
- "Key liabilities" -- not ALL debt. And I'm not talking the $35k. The 10-K on Friday will reveal how much debt and revenue they have.
- Go to Amazon and look at the reviews. The number of reviews for the product is in the single digits. If this was flying off the Amazon shelves, there would be a LOT more reviews.
I truly believe there IS potential here. But the product is not right yet, and there is a true question as to whether it will be able to finance the changes. And in order to better its product, they're going to invest more, on top of the $9 million (according to their latest pum....I mean, press release) already invested.
The average American attention span is eight to nine seconds, depending on which study you look at. We are in a society that gets really ticked off if we have to wait longer than 30 seconds at a drive-thru. McDonalds is constantly testing technology to shave seconds, even just two or three seconds, off drive-thru wait times.
Let's take another ~$700 device for example....an iPhone. Do you think people are going to think it would be acceptable for ANY app, program, or basic iPhone function to take three minutes?
Based on what? Insider trading?
Seeing that Q4 numbers haven't been released yet, I'm very interested on your source to back up that claim.
Solid analysis there. Let us know how it closes tomorrow, mmmkay?
Products get tested all the time, it doesn't matter if it's a weed thing or if it's a new shoe. There are thousands of products in the nano-cap sector that are tested daily.
The company's own video on their own website says the tester takes three minutes. IMO, that's unacceptable in today's technologically advanced world.
That is encouraging news, but not every single person who has viewed Vice or Facebook are automatic buyers. No question there have likely been some sales from those two things, no question, but the question is how many? We won't know that for another three or four months.
Does that figure factor in the 41% loss in revenue, per 10Q in November?
Why not? Its that kind of hype that has goosed this stock....it certainly has not been through any quarterly or annual financials.
Is it as bad as Saturday the 14rd?
Unless you can point me to an SEC filing that specifically says what you claim, I'll just file what you have to say into the pumper category.
How in the world can you really say that with a straight face? The stock has taken off after some very carefully worded PRs were released on consecutive Fridays. That's it -- nothing else at all, no other news or financial results coming out indicating "everybody wants one."
Seriously -- congratulations to everybody who made money off this. Really, I think that's awesome. But there is no hard proof this company's product is flying off the shelves. That last 10Q said revenue was down 40%. I guess we will see on Friday what the real story is.
Years-old news, prior to deals and partnerships in the tens of millions were announced.
Were that claim true, no doubt a Google Link would be provided.
There is plenty of doubt because, as advised, I looked in Google, and there is nothing there to back up claims.
Hmmmmm, can't find any proof in Google to say any of that is true.
But I could be blinded by the green I see in the GRNH price today.
Facts tend to have a bias tinted in green, as real-time numbers and charts do not lie, GRNH still in the green.
Google hasn't changed its disclaimer since last time, they're still delayed quotes.