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Does.resolution.of.any.court.case.for.MYDX.=.Release.of.EcoSmart.Pen?
No?, then thanks for the hot air, it's the middle of summer, the northern hemisphere can use more of that currently, thank you.
If the pen doesn't come out within the specified window (6/30-9/30), the 3rd public announcement it was eminent, I feel MYDX will never deliver it to market.
I'm concerned about the R/S period. If it happens before the pen is (if ever) released, it confirms my comments that MYDX is just an ATM for Yaz...if it happens after the pen is released, it will certainly hurt my speculative investment, but has the potential to help the company grow.
However, if, after all this time waiting, the pen is released, but the supply is so low that it barely even touches the market demand (let's say 1-5k units are produced)...that is a huge concern, because 24-36 months should be plenty of time for design modifications and tooling to support contracts allowing quick ramp-up of production. Just cause (again, if ever) the pen is released, does not take MYDX out of the boiling water.
Pen = Time Travel pods, correct?
Currently, MYDX has equal placement of both in the market place.
I see it as MYDX using a different avenue to fleece new investors in, prior to a reverse split. I don't view it as an increase in the MYDX (Yazbeck the lone employee) increase in accountability / responsibility / morality.
That is my point.
MYDX will keep swimming with or without the pen release. The later forcing the R/S to occur.
MYDX announces Time Travel pods coming soon between 9/1/18-12/31/18.
The more you doubt it, the better for when the pods are released, it will have resulted in that much more confidence than it would otherwise for future products the company announces on all media outlets “coming soon.”
LMAO!!!!! The logic is sound like the smell of the number purple.
MYDX has a "responsibility" to follow-up on it's social media post, but the is no accountability.
Responsibility has not been a core competency of MYDX in it's short history.
There is no accountability.
I'm a potential customer / current investor, and I don't view it that way.
MYDX can post ECOSmartPen “coming soon” in perpetuity. There is nothing in social media that prevents MYDX from do this to keep this same message in the news for decades.
Social media does NOT = public accountability.
How exactly does the public hold the company accountable? The "public" has ZERO CS voting power (Yaz retains 51%)!
What is the stock price going to fall to $.001, which basically forces Yaz to move forward with the reverse split.
If the Pen doesn't come..."the public" (i.e. current investors) will be harmed.
more.public means what? Did MYDX buy a billboard or give away cardboard ECOPen mock-ups at the Salvation army today?
MYDX / Yazbeck / YCIG, all same. Except the one in the middle isn't a shell like the other two and is proving over time to be unscrupulous.
Reverse split...gotta have billions of shares to issue to cover attorney costs and additional ‘tooling’.
Or it's being used as a lure to hook more investment right before a reverse split in August.
I hope this is proven wrong, but MYDX has a stellar history of demolishing hope.
Stop with the SP predictions and I will beleive the try not to deceive. Especially, when MYDX historical SPs have disproven them consistently.
A company consisting of 1 employee/CEO. Legal entity is more appropriate.
MYDX. Would promote if execution ever occurs. So far the only execution is checks written to Yaz + fluff and stuff. No substance, just the National Enquirer approach.
That is the only reason I'm a speculative long myself. But it doesn't mean I'm going to absently promote MYDX, and not diligently interject a healthy dose of realize.
Wouldn't is be easier to use a few Benjamin's to roll up a large 420 and elevate vs. sitting back and watching MYDX smoke it?
This is what the r/s is for!! Gut the current investors, and pay the attorneys with more dilution when the case is settled out of court.
Who cares, by 2019....30,000,000 shares today will be worth $6,000 AT BEST of MYDX.
It's Friday the 13th...Is MYDX in court today?
Also, I seemed to have misplaced my EcoSmart Pen, can someone help me locate it?
Reading all the MYDX filed SEC documents thoroughly would provide some great insights.
Maybe you are expecting non-pink style checks/balances and controls to be in-place. That is not this market place.
It's not that Yazbeck isn't a bright individual, it's that Yazbeck is egocentrically capitalist, which does not align well with worrying about impacts for CS investors.
So Never then...since the Pen does not exist.
I'm concerned with blind cult-type of logic that is in direct conflict with the historical actions of MYDX.
Again, MYDX is beautifully litigious. Disclaimers on all their documents denote they have every right and informed investors they are likely to get taken for ride.
Heck the same disclaimer is included on every page of the website!!
Disclaimer: All statements and expressions are the sole opinion of the Company and are subject to change without notice. The Company is not liable for any investment decisions by its readers or subscribers. It is strongly recommended that any purchase or sale decision be discussed with a financial advisor, or a broker-dealer, or a member of any financial regulatory bodies. The information contained herein has been provided as an information service only. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. Investors are cautioned that they may lose all or a portion of their investment in this or any other company. Information contained herein contains "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities and Exchange Act of 1934, as amended. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be "forward looking statements". Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of words such as "expects", "will", "anticipates", "estimates", "believes", or by statements indicating certain actions "may", "could", "should" or "might" occur.
Incorrect, there were no legally binding agreements written. The Annual/quarterly reports and are carefully word to denote verbal agreements.
There is no management in MYDX...there is 1 employee, Yazbeck. CEO, auditor, salesman, janitor. There are no checks and balances.
He is also the only employee in his investment company YCIG. It's beautifully litigious shell game that removes all personally accountability.
6 months from now...1,000,000 shares today will be worth about $200, currently worth about $3,800).
when the r/s happens at 1:2500...1M shares becomes 400 shares. With no sales on PR, price will quickly fall to $0.50 as Yaz begins to:
-Issue shares in by the tens of millions to secure new "loans" from his investment company YGIC
-Issue shares to secure verbal non-legally binding partnerships
-Issue share for "services"
-Issues shares to cover existing loan debts and interest
Basically, a repeat of the same things that happened between July 2015 and December 2015....and what do you know, the stock price went from $2 to $0.50.
Those who do not read and understand history will help to repeat it.
CEO also has 51 Series A Preferred shares...which are structured to always have voting power and convertibility = to 51% all issued CS shares.
Basically, CS shares are used for funding, and now that the r/s documentation is filed, fully dilutible at the drop of a hat come mid-August 2018.
It's not stupid when you set the structure up so the shareholders have ZERO say. It's called a con job.
The details are all within the SEC filings made by MYDX. Some of the #'s you must read through the details on how they are figured...like the amount of CS shares each Series A Preferred share is worth.
At that time, Yaz still had 8.5 Billion shares to issue for funds.
Now, there is only about a 2 billion share buffer.
Time to empty and reset the cash register and let investors refill it for free via dilution.
Pretty good...Yaz has pocketed about $1.3 M in the past 18 months...all he has to do is be litigious and occasionally BS some publicity.
If there is no intent for an r/s in the future...then MYDX had no need to to file the 14C to enable that alternative.
Who honestly beleives MYDX pps will stay above $1.99 - $19.90 if a r/s occurs, and the Pen has still not been released yet?
If the r/s happens...
Just to keep pace with the current stock price valuation ($0.0039 per share).
a 1:250 split...requires a price of $1.99 per share
a 1:2500 split..requires a price of $19.90 per share
Constant = MYDX failing to meet SmartPen release dates...on multiple occasions.
There is no difference in 'perspective' that disproves factual history.
Sunk speculative investment costs at this point.
I support the idea of the products, but I'm overly critical of the 1 employee of the company reaping rewards from other's beliefs/support in the ideas with their money, and being rewarded with dilution and no corporate execution. Lot's of promises, but empty words.
I'd hate to see another round of new sheep to get fleeced after a r/s.
Why should we not expect a r/s followed by quick, additional dilution?
It took MYDX 3 years to go from 21,967,532 outstanding shares (price around $1.65) to 7,855,588,217 outstanding shares (priced around $0.0047).
(3,849,270,211 CS issued outstanding, 51 shares of the Company’s Series A Preferred Stock issued and outstanding, equal to 4,006,211,006 votes, and 107,000 shares of the Company’s Series B Preferred Stock, one vote per share)
With only 10,000,000,000 shares to issue, Yaz is almost out of shares to provide in verbal agreements as monopoly money. Time to r/s and dilute.
So it's subjective that MYDX hasn't released a Smart Pen?
LOL, CLASSIC! Perspectives will soon give us square wheels on cars too!
But there is 1 constant in the past 18 months, MYDX missing publicly announced MYDX determined target release/ship dates.
Or, by that time, you will be just over half through the Pen's "possible shipping date' range....with nothing new to report. So, the same thing that has occurred over the past 18 months.
In the entire trading history of MYDX, there have been 15 100M plus trading days. Of which, the price fell on 6 of those days.
So, 60% of the time when the volume is 100M, the price of MYDX goes up.
As an investor anticipating a r/s...It's best to refrain from additional investment and see how quickly the price falls after the r/s. Especially since the range is so wide for the r/s ratios. You have no idea if your million shares will be 4,000 or 400.
Plus, you aren't sure if the Total # of outstanding shares after the r/s will be 0.156% or 1.56% of the possible issue-able shares. That is a large difference from the current ratio of 39% of outstanding to issue-able.
Oh wait, that ratio is actually 80% currently if Yaz had to convert his Series A Preferred shares. That is huge, going from 80% current/potentially outstanding shares to 1.56%-0.156% ratio.
If you like to waste money, buy more shares now.
And potentially 1/2500th of the quantity.
But it will be 3+ years until MYDX can make NASDAQ on their own. They only alternative is a merger.
That will require Yaz to get rid of his Series A shares though...so expect it to be a full acquisition versus a merger.