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Got it. That makes sense. I understand now.
Thanks for the link.
Well, of course...I completely understand what shorting is. I just don't understand why a 10% downward move has any importance.
I'm asking - perhaps out of total ingnorance...are you saying that if I short a stock that's at $1.00, and that stock goes to $0.90, then I have to ....what? Cover my position? I thought huge downward moves were the entire point of shorting a stock.
I get that a large upward movement will bring on a margin call, but I'm not familiar with the downside comment. (I've never shorted a stock in my life, so please refer to my first sentence, above).
What does that even mean?
12:1 ratio of Buys to Sells this morning. No one is selling...
...sorry....cash flow from financing, not from investing. But definitely not operations.
Incorrect....if that happened (and I don't know that it did) then it would be considered cash flow from investing, not operations.
The statement of cash flows shows, with great clarity, 29.5k of positive cash flow from operations. Let me know if you still don't see it. I circled it in red a few posts back.
I explained how a Statement of Cash Flow works to my 12 year old. He understood it immediately. Let me know if I can help you with the how the numbers flow, or the concepts involved.
Are you sure that the only thing that showed cash flow positive was financing activities? Show me.
I'm anxious to get I to this argument....
These are not my numbers. I'm just repeating the 10q. What are you thinking? 1+1 does not equal 3.
Quote:. Absolutely false....
Dude, then take it up with the SEC or the AICPA (American Institute of Certified Public Accountants).
All that I did was show a copy of MYDx's 10q, and interpret it. To question anything more is out of bounds. Let me know if our lawyers need to talk.
I'm simply repeating the numbers in the 10Q. I didn't create them.
They show a net Loss, but a positive cash flow. If you need help understanding the difference please PM me.
It's not a difficult concept, trust me. Most companies get to "CFP" ( cash flow positive) before profitability. Really. Study it a little.
That's..6..month..old..news. I..agree..it's..an..ugly..number. We..all..felt..that..way..last..winter..when..it..was..being..rung..up.
It's 6 month old news. It's been paid for on the backs of everyone who was a long last December, January, February, and March. It's almost all derivative liability expense, which is not a cash disbursement. It has already been paid for...for in the form of diluted stock shares back in those months.
So, YES, we are in agreement. Not pretty, but water under the bridge and there's nothing that can be done about it at this point.
MYDX..Q1-17..Cash Flow. Not..sure..how..I..can..make it any clearer than this.
This is how accountants present Statements Cash Flow. Screenshot directly from the 10Q, with a small included snippet to make sure there are no misinterpretations on how the math works.
Summary:
- Started the quarter with 38.2k cash
- 29.5k cash added from operations
- 66.0k cash added from financing activities
- Ended the quarter with 133.8k cash
That is, by definition, positive cash flow.
Read the cash flow statement. It's crystal clear.
If you want a good, safe place to put your money then lock it into a CD that pays 0.7%, or really live on the edge and buy SPYders. You'll make +/- 10% there.
MYDX had a 20x run in the spring. SEC filings since that run show:
- Cash Flow Positive in Q1 (both Operating Cash Flow, and Overall Cash Flow)
- an almost 100% reduction of convertible (toxic) debt
- $175k of unfilled orders in Q1 that will show as Q2 sales
- the first documented major contract for MYDX365 data services
- a marketing campaign that leverages Canada's upcoming nationwide legalization
- impending legal action against negative forces
How big will the next run be? 5x ($.025)? 8x (0.040)? 10x ($0.050)? Time will tell.
On the statements of cash flow. This is my last post on this subject. I'm a CPA with 30 years of experience. Currently serve as CFO of the North American operations of a global, public company. I'm 100% confident of what the 10q shows.
Are you asking about cash flow or net income? Those are two completely different things. Let me know if you need clarification.
No one is saying that the company is profitable at this point. But the 10Q CLEARLY shows that they were cash flow positive for Q1-17.
If there are any questions about whether MYDX was cash flow positive or not in Q1-17 please look at the 10Q and read it for yourself. The boilerplate to the contrary clearly should have been removed.
Decide for yourself: Do I believe a full page Cash Flow Statement, that contains numbers that tie to the reported P&L and Balance Sheet. Or do I believe one sentence of boilerplate, buried in the middle of a going concern paragraph, that should have been edited?
I recommend that anyone reading this pull up the q1 10q and review both the statement of cash flows and the 35 pages of legalese and decide which carries more weight.
Don't put words in my mouth. You asked about notes payable, and I answered you.
Virtually every company in existence have notes payable.
455k to 13k in exerciseable notes. Feels like a good trend to me.
Diluting? Pfft. Last 10Q showed $13k in convertible notes. Compared to the high of $455k, seems like they're doing just fine to me.
5 minutes? With all due respect, you must not have changed many diapers ; )
I find it interesting that, as soon as I mentioned the wall, along with the specific instigators (CDEL and NITE) they pulled the wall down (most of it anyway). Perhaps a coincidence, but it's not the first time. I've mentioned it before, and had the same result.
9m shares traded and up 13% in the first 60 minutes of trading. Then CDEL and NITE throw up a 3 million share wall, and it comes to a screeching halt.
Nah. No manipulation going on here.
Just a reminder that the only reported increase in shares has been restricted shares.
I look forward to that day...
Not interested in listening to you argue that the sky is green and the grass is blue. Investors can clearly, with close to zero effort, see the cash flow statement and see that cash flow was positive.
Unaudited - true. Heck, most OTCs don't even FILE a K or Q, much less file an audited year end 10k.
Overlooking the boilerplate that says they weren't CFP? Unfortunate, but ultimately not very important. Any investor that cares enough to open the Q to begin with is going to look at the financial statements, and not dwell on an oversight like that.
My guess would be that the two go hand in hand. If the Q had been audited then the error probably would have been caught. Instead, they spent their time on the numbers and not having a $200/hr CPA rearranging boilerplate.
Ha! Ok, I'll give you that one. It actually does say that at the bottom of Page 4. I hate it when boilerplate gets in the way of the numbers.
How can you say that the Q doesn't mention Cash flow? Go back one page...there's an entire CASH FLOW STATEMENT!!! And it CLEARLY shows positive cash flow from operations of $29,533 and positive cash flow from financing of $66,015.
How is this even a point of argument? If you want to claim that the Q is incorrect, and therefore they were not CFP, then go that direction. But the Q CLEARLY shows positive cash flow.
So you think dilution is still a problem, and you don't think debt was down an incredible amount? Between Q4-16 and Q1-17:
Asset based loans: down from 120k to 66k (down 45%)
Current portion of Convertible NP: down from 233k to 13k (down 94%)
Stock Warrant Liability: down from 247k to 0 (down 100%)
I get that there are individuals that may be hard to convince, but these are REAL numbers, and they are HUGELY impactful.
Thanks GFTM. There's not a lot of DD involved, just a matter of reviewing the various SEC filings that are publicly available to anyone that cares to look.
Malc, you said the same thing last quarter. When the Q came out it showed:
MASSIVELY reduced debt (asset based loans and notes payable reduced from 354k to 79k, a 77.5% decrease)
178k of ORDERS taken in Q1 that have since been filled - so will show up as sales in Q2,
and
POSITIVE cash flow
Any doubters? Look for yourself: All MYDX SEC filings
Incorrect. As you know, a statement of cash flows is broken down into Operating Cash Flow and Investing Cash Flow. The items that you mentioned would only affect Investing Cash Flow.
MYDX showed positive cash flow for both Operating and Investing Cash Flow.
Why would I tell you that they are not liable for their accounts payable? I'm dealing with the facts here. Of course they are liable for their AP.
Equally true, based on the SEC filings available:
- the $6.6 million dollar number that some like to throw around on this board is ABSOLUTELY NOT THE SAME as $1.2m of AP. THIS COMPANY DOES NOT HAVE LOOMING CASH PAYMENTS OF $6.6M.
- The "total amount due," whether it's AP, debt, or some other form of liability, is at it's lowest point since Q1-16
- Convertible notes were virtually non-existent as of the last reporting...only $13k, down from a high of $455k in Q2-16 (full disclosure, this doesn't include notes due to Daniel Yazbeck taken in lieu of salary)
- 10Q clearly showed cash flow positive.
- the "6.6m dollars that they owe" is clearly not accurate. We've discussed countless times that the vast majority of the balance sheet liabilities are derivative liabilities, which are not payment obligations.
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