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Are you suing me? I am un-involved in any current litigation.
SCAM = Yazie making $1M while his investors lose $10M in value by believing in him.
Increasing Accumulated Deficit + Yazbeck increasing salary/bonus = scamming.
Yazbeck Salary/Bonus 2014-2017
$97,500
$157,765
$360,000
$360,000
Accumluated Deficit 2014-2107
$3,530,267
$9,897,564
$26,399,453
$31,632,972
Stock Holders Deficit 2014-2017
$2,210,295
$347,411
$3,358,540
$9,955,039
Perfect summation of Yazbeck's business abilities.
Now, his scamming abilities are factually much more relevant and prevalent. $1 Million worth of pay from MYDX over the past 4 years proves that.
Example of MYDX trajectory under Yazbeck!!
https://www.yazbeckinvestments.com/group/
After 11 years of stellar leadership, his investment company's web page 'about the group' has pretty lettering that flashes when you scroll over it!
Holy Chit...let me get my checkbook out!
And let's not forget the catchy slogan "Invest in You"...hmmm, maybe if this is the YMCA, but pretty sketchy for a company that is the main investor in MYDX.
Prove beyond a reasonable doubt the pen does exist and it will not impact my belief the company is a scam. Based on the facts provided by the companies financials as proof.
Pen purchase (pre-order) represents a PROMISE to provide funds IF a PHYSICAL PRODUCT EVER EXISTS.
So far, no it does not.
Incorrect, it proves my logic.
You can ALWAYS get a physical paper copy of your stockshares...these days it takes a great deal of effort, especially for this market.
However, no matter how much $$ you have or hoops you jump through...you cannot physically obtain an ECO Smart Pen.
Since shares are paper, you can physically show me copy of your account.
Also, since most are stored electronically, it's possible to physically see/touch the server they reside on.
So my logic is 100% accurate!
Show me a physical example it does.
That is how.
As of now, ECOSmart Pen does NOT Exist.
Nothing in writing...it's a verbal agreement. No signatures makes it much more difficult to enforce.
MYDX has proven that...they can't ship it. But they'll certainly take you money!!!
Nigerian princes make similar promises via email.
There is the same amount of evidence that is does / doesn't exist.
Schrödinger's cat.
In this case...there is not even a box to "potentially" open!
Our cash balance of $119,028 at December 31, 2017 will not be sufficient to fund our operations for the next 12 months.
MYDX would have almost $500,000 cash balance if Yazie cared about MYDX, and deferred his salary and bonus.
Heck, they would have almost $900,000 cash if he deferred 2017 and 2016.
But nope.
All Vape Pens on Market better than ECOSmart currently
Why....cause they actually exist!!!
There is no proof the Pen exists. You can say they must submit a prototype with the application for Canadian Medical Licensing, but who's to say that didn't consists of a double AA battery glued to a pencil. And last I checked, there is no approval on that front yet.
Producing a product that works in some aspect, denoting the vision goes a long way. Heck even on a limited # basis to help gain data and traction in the market (10, 100, 500, whatever). But pushing the ship date 12 months out from when it was originally slated for, with no videos, demos, or PR of the potential is proof they have no working prototype that could even be used for PR purposes.
The company has said a bunch they are going to try and achieve goals and dates and continually fail.
If I create a time machine, I will rule the world.
The only statements need to read.
These are the only statements anyone considering 'investing' in MYDX should read.
We incurred a net loss of approximately $5,234,000 for the year ended December 31, 2017 and a cumulative net loss of approximately $31,633,000, from September 16, 2013 (date of inception) to December 31, 2017.
We expect to continue to incur losses for the foreseeable future, and these losses will likely increase as we continue to commercialize our products. The amount of future losses and when, if ever, we will achieve profitability are uncertain. If our products do not achieve market acceptance, we may never become profitable. The initial cost of completing development of our products and penetrating our anticipated markets will be substantial, and there is no assurance that we will be successful in doing so. Although we shipped our first revenue units in the third quarter of 2015, if we are not successful in growing revenues and controlling costs, we will not achieve profitable operations or positive cash flow, and even if we achieve profitability in the future, we may not be able to sustain profitability in subsequent periods. Absent of a significant increase in revenue or additional equity or debt financing, we may not be able to sustain our ability to continue as a going concern.
Still has no impact on MYDX
So, add $5-6 in the actual payout. That's not going to investors...that is going to Yazie salary.
Meanwhile, that dollar you bought last year...is now 70% of the dollar and the exchange has tanked too.
Wait, what...it's not a guaranteed $29 Million?
Shocking...heck, $29 M legal settlement, with probable ($6-8 M payout at best) won't even make a dent in the $31 M accumulated deficit in in Shareholder value.
I'm going to lean towards never instead.
"The Company expects to release the Eco Smart Pen in the third quarter of 2018."
MYDX giving away $25k in company stock in 36 days to Humanity Holdings.
Verbal agreement, no documentation.
All they have to do is pay 20% of net sales and 30% royalties on products related to MYDX formulation services, smart vape device hardware and related software applications to its network, product branding or access to reporting from its data set that ties a user’s experience to a chemical profile of the product they are consuming.
20% and 30% of zero = free...More Dilution coming!!
30% Dilution of Outstanding shares between 2016 and 2017 EOY 10-K's
That is not a number trending in favor of shareholders.
So, let's say you own 10% worth of shares...continue that trend...in 5 years you own 2.7%.
Yep, Yazie likes debts that go to settlement
He doesn't mind defaulting on loans and going to settlements...like with Crown Bridge Partners.
Converted an 'owed' debt via settlement to stock at a 50% discount on market value at the end of 2017. So they paid about $0.0025 per share for about for 15 million shares.
Pretty sure they made a quick buck on those...or about $20-30k themselves.
And all it cost Yazie was additional dilution of existing investors.
Yazie is doing just fine right now...he's paid himself $720,000 the past 2 years. However, MYDX is not doing so well financially.
There is no proof you had any knowledge or knew anything.
No, still looking shady. No financials yet...do you have any suspicious they may not be good? If so, keep them to yourself for a few months.
However, you remained silent on your suspicions until publicly announced 2 months later?
You're my hero MightyX.
Which is just above the current value of the previously valued $5.6 Million in options.
So what did he really lose?
And let's not forget, that he (YCIG) is charging himself (MYDX) 12% interest on that 200,000.
Also, writing in to allow YCIG the option to purchase upto 15% of MYDX's outstanding and issued stock at a exercise price of $0.001 thru 2019. Plus a YCIG purchase of 300,000 shares of series B stock at $1, with a $1.35 redemption option anytime after 3/31/18. So, that's another $105k that YCIG can pull back anytime now.
So, that $200k is really already accounted for to be guaranteed (and then some) to come back to Yazbeck.
MYDX must be doing great, Yazbeck keeps giving himself raises!
Over previous 2 fiscals reporting periods, Yazbeck gave himself a 62% raise, followed by a 128% raise (no options, just salary/bonus).
Must have had a great deal of sales and licensing contracts to cover that increase...
Oh wait...That's just investor money coming off the table and into the Yazbeck or YCIG bank account.
MYDX = Shell Scheme for Yazbeck & YCIG
MightyX = Wanna be cult leader...with 34 years of experience
Great Stocks = Yazbeck's Buddy here attempting PR
Untrue...If the 10k confirms my thoughts that Yazbeck's Salary/bonus increase significantly from the $517k he paid himself in 2016...it is a clear sign he is just grabbing investors money and MYDX is a Shame!
FYI, that that 102% raise from his salary/bonuses in 2015, guess it was all that profitability and product sales that make him worth it! Oh wait...
LMAO - Did you get this input from a non-insider information email from Yazbeck!
If you exchange emails with Yazbeck, you are affiliated with MYDX...since MYDX currently only consists of Yazbeck. And his party buddy Dr. Jess.
Your vision is skewed.
Yazbeck paid himself $510k+ in salary and bonuses in 2015 and 2016. That does NOT include ANY Stock options, Award options or 'all other compensation'.
Since the last Year-End financials were released in March 2017, Yazbeck's leadership has help make every $10,000 worth of shareholder investment become worth $250.
F'ing visionary!!
If Yazbeck truly cares about MYDX and not just his wallet, his salary and bonus in the next released financial should show a similar reduction to about $9,000 total ($4,500 for Salary & Bonus).
My bet is Yazbeck will be paid more in new financials for 2017, than the $360,000 he paid himself in 2016.
To help prevent false prophets from increasing the flock before the slaughter.
"The Company" is ONLY YAZBECK...so yes he is keeping his best interest in mind...which is why default loan payments were made to YCIG. As the YCIG slogan is "INVEST IN YOU". All may possible by the generosity of MYDX investors.
Only by way of a reverse split
I THINK YOU MEANT STEAL, NOT STILL
MYDX = FAIL - No proof otherwise to date.
That's what deflectors do, ask questions to deflect the facts of failure, reality and swindling.