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Reading as a fundamental before questioning? Or just life in general?
just be careful...half of those days were also 14%+ value loses.
1 Million shares now, might only be 400 shares in 2 months.
That could be a long wait...that's only happened 15 times in the history of MYDX. 11 of those in March of last year.
Statistically speaking, it's overdue to occur. But it will require about 1200+ trades in a single session. Still, could be a while.
Why would another company merge?
They can just purchase Yazbeck's 51 Series A Preferred shares in a agreement, re-brand the CannaDx take the user data and run.
Then shut the company down and cut ties with the problem Yazbeck.
Yazbeck wants to get paid, he has no allegiance or track record of delivering any products or services.
A 10-11% decrease is considered a "Good Day for MYDX". WOW is right!!
Here in lies the problem with MYDX.
Sigh...
There is a line in the middle denoting "In addition to these requirements, companies must meet all of the criteria under at least one of the following standards."
Check and see the requirements denoted above and below that...it will answer your question.
MYDX is unlikely to meet the other 3 requirements, so I chose the requirement that offers least resistance for MYDX to get there. Which is still 3+ years out.
NASDAQ in 2022 at best..but I wouldn't bet my worst enemies portfolio on that.
MYDX is no where close to the requirements for NASDAQ listing...MYDX must go 3 years without posting a net loss 1st.
Listing Requirements for All Companies
Each company must have a minimum of 1,250,000 publicly traded shares upon listing, excluding those held by officers, directors or any beneficial owners of more than 10% of the company.
In addition, the regular bid price at time of listing must be $4.00, and there must be at least three market makers for the stock.
However, a company may qualify under a closing price alternative of $3.00 or $2.00 if the company meets varying requirements.
Each listing firm is also required to follow Nasdaq corporate governance rules 4350, 4351 and 4360.
Companies must also have at least 450 round lot (100 shares) shareholders, 2,200 total shareholders, or 550 total shareholders with 1.1 million average trading volume over the past 12 months.
In addition to these requirements, companies must meet all of the criteria under at least one of the following standards.
Standard No. 1: Earnings
The company must have aggregate pre-tax earnings in the prior three years of at least $11 million, in the prior two years at least $2.2 million, and no single year in the prior three years can have a net loss.
Standard No. 2: Capitalization with Cash Flow
The company must have a minimum aggregate cash flow of at least $27.5 million for the past three fiscal years, with no negative cash flow in any of those three years. In addition, its average market capitalization over the prior 12 months must be at least $550 million, and revenues in the previous fiscal year must be $110 million, minimum.
Standard No. 3: Capitalization with Revenue
Companies can be removed from the cash flow requirement of the second standard if its average market capitalization over the past 12 months is at least $850 million and revenues over the prior fiscal year are at least $90 million.
Standard No. 4: Assets with Equity
Companies can eliminate the cash flow and revenue requirements, and decrease its marketing capitalization requirements to $160 million if their total assets total at least $80 million and their stockholders' equity is at least $55 million.
Please provide a list of ALL the employees at MYDX.
Last I checked "MyDx, Inc.’s (the “Company’s”) sole officer and director, Mr. Daniel Yazbeck"
Shares were bought in the market (which is being spun as the 'other side'), but reality is Yaz has full reign of the cash you paid for it.
Yazbeck says thank you! He can now expense the top shelf bottle of wine at his next 'marketing' dinner with that $5-6k.
Not according to the 14c...."Additionally, a higher share price may give the Company the added flexibility to list its shares on a different stock exchange or quotation service, such as the Nasdaq National Market, although the Company has no current plans to do so.
All stocks go higher after a RS.
However, MYDX will then roller coaster back to the the deep trench it's currently in.
But don't worry...Yazbeck will be ok.
MYDX has no current plans to uplist.
MYDX consistently releases 2 things:
1.) Funds to Yazbeck
2.) PRs with no legally binding substance
MYDX stock is a radioactive dumpster fire!!
Unless you happen to have any Series A Preferred shares.
IF it ships...so far that is a unicorn.
Buyer beware...if you purchase today, based on the current level of 10,000,000,000 shares available for issue. Below are the possibilities of the % a share today, and the possible value at the various RS split levels.
So, if you have $10,000 worth of shares today...if MYDX authorized the remaining shares for future issue that $10,000 is worth $3,800.
Below are the impacts of what that $10,000 is worth if the same scenario occurs AFTER the RS at various levels.
Current 38.492702% - $3,849
1:250 0.153971% - $15.39
1:500 0.076985% - $7.70
1:750 0.051324% - $5.13
1:1000 0.038493% - $3.84
1:1250 0.030794% - $3.08
1:1500 0.025662% - $2.56
1:2000 0.019246% - $1.92
1:2500 0.015397% - $1.54
Except Yazie won't drown. Between stock sales. salary and bonus in just the last 18 months...he's floating away $1 Million cash (about 7% of MYDX's current market valuation).
Did someone forget that I’m in as a long speculative investment?
Why are people so thin skinned by an investor being critical of MYDX being poorly managed and investors being potentially fleeced?
What has Yaz done in the last 18 months worth the $1 Million he has pocketed from MYDX?
Where’s the link for RS statistics on pink stocks?
I already mentioned that in my previous post he sold Series B, hence the extra 1.75 billion outstanding shares added this year.
He owns 51 Series A shares...guaranteeing he will always retain 51% voting power.
More powerful than all outstanding common shares combined. Period. And always! Based on that change on 3/31/18.
Common stock has only been used to cover debts, pay for services and cash out to pocket investors money.
After the RS...he will have almost 10 billion CS available for issue again.
It’s like selling used bubblegum over and over again...and it keeps getting bought.
Only person making money is Yaz.
What legally binding agreements and product has Yaz actually produced in the past 18 months?
Between salary and stock sells...he’s made over $1,000,000 personally in that time.
IMO MYDX IS CONTINUING TO SCAM OUTSIDE INVESTMENTS
Yaz does not and never has cared about common stock...it's monopoly money to him.
It's an easy way to reduce the current shareholder stakes and re-use for deals later.
If he cared about common stock...why did he issue himself 51 Series A Preferred shares on March of 2018 that retain all voting control??
COMMON STOCK DOES NOT MATTER....
Series A Preferred Stock
As of March 31, 2018, and December 31, 2017, the Company has designated 51 shares of Series A Preferred Stock par value $0.001 and 51 shares are issued and outstanding. The Series A Preferred Stock can convert into common stock at a 1:1 ratio. Each one (1) share of the Series A Preferred shall have voting rights equal to (x) 0.019607 multiplied by the total issued and outstanding shares of Common Stock eligible to vote at the time of the respective vote (the “Numerator”), divided by (y) 0.49, minus (z) the Numerator. For purposes of illustration only, if the total issued and outstanding shares of Common Stock eligible to vote at the time of the respective vote is 5,000,000, the voting rights of one share of the Series A Preferred Stock shall be equal to 102,036 (0.019607 x 5,000,000) / 0.49) – (0.019607 x 5,000,000) = 102,036). On December 23, the 51 shares were issued to Mr. Yazbeck, the Company’s sole officer and the sole member of the Board. Mr. Yazbeck, via his ownership of the 51 shares of the Series A Preferred, has control of the majority of the Company’s voting stock.
Incorrect, he converted the Series B Preferred Stock 175,000 shares to 1,750,000,000 of common stock.
Different than the Preferred A....he will NEVER get rid of those.
51 Series A Preferred shares = All owned by Yazbeck
Each share currently has the same voting power as 77,487,656 million shares of common stock...or 3.95 Billion shares of common stock voting power. No matter is someone owned ALL 3.8 billion shares of common stock, Yazbeck still has full voting majority!!
That doesn't matter, after the reverse split (I'm sure after a predetermined waiting period...probably 12 months)....all that has to be done is amended the articles of incorporation to increase the number of authorized common shares. Same think that happened on Sept 30, 2016.
The common shares do not give him the voting rights. All Yazbeck cares about retaining is the conversion values and voting rights of the Series A and B Preferred stock.
This is par for the course in the Yazbeck land and the world of pinks.
Ensure you always retain fully voting control, so you can fleece the investors and then move on to the next round of sheep willing to believe the hype.
Does it denote a year?
Do you honestly expect Yaz to respond with specific details?
I lean towards the standard MYDX approach...no news until weeks after the dates current publicized have passed before updating the website with a new target date range.
Personally, I think the next range will be 180 days (vs 90). Something along the lines of 11/1/18 - 4/1/19.
Still no Pen...7% through the 3rd MYDX published 'estimated' release window and nothing.
86 days until MYDX reinforces the fact that all the Pen PRs are piles of compost.
Just sad.
Not yet! Only MYDX can prove / disprove that. Good Luck.
I'm hoping for the long-but not over extending on speculatives by any means,
Dang...that is about 3,000,000,000 shares worth of MYDX. That may be hard to move then.
Wait...I thought it shipped in late 2017
No, wait it was Q1 2018...
No wait...that's right...it's 4 days into the 'estimated' shipping period with no news. 90 days left before another public promised launch is a non-event.
Similar to the EcoSmart Pen release...shifting out 18 months from 2018 to 2019.
I want to see MYDX succeed, but there has been little to no proof that will ever occur.
There is not proof MYDX stock will increase...Until we can physically hold the EcoSmart Pen in our hands.
If I bet $200,000 back on 4/17/17, I would have lost about $150,000.
Would anyone consider that MAKING MONEY?
Pretty sure 100%? Or Pretty sure '100% in Process'? lol j/k No ill will meant.
I sincerely hope the money was appropriately allocated to produce actual tangible marketable product!