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Heck, why don't you ask were it was trading at 3 years ago!!
The swindle and failure cards are going to continue to be played by MYDX over the next 9 months.
At this rate Yaz will end up in prison.
No, not really, he has a good attorney that documents well and ensures the "loans" between MYDX and YCIG provide "appropriate" notations and language.
NONSENSE = GIVING MYDX THE BENEFIT OF THE DOUBT
Last I checked, currently MYDX = Yazbeck.
So, anytime the Board votes, or the officers agree...it's just Yazbeck working with his attorney's to ensure the documents are legal.
Main company backing MYDX is YCIG, Yazbeck's "Investment Group"...which is also Yazbeck. Which has a company slogan of "Invest in You". Only other companies in YCIG portfolio are MJIC and EBBU, both founded in 2014. Not a great track record for YCIG, since it basically did nothing between 2007-2014.
So the 2 main companies backing the Investment group were founded the same year as MYDX, and have only shells of information on them also.
It's very very shady. And NONE of these companies mentioned have produced ANYTHING!!!!!
Doubt is the ONLY path to give MYDX until an EcoPen is PUBLICLY produced.
COMPLETE BASIS PEN DOESN'T EXIST - No public proof it does.
There is no proof ANY sample was actually included with the CMD Application. All we know is an application was submitted.
LIKELY does not = NO Basis. Everyone has full right and basis to say it does or doesn't exist until it's proven.
Otherwise, no one has any basis to say I don't have super powers...I submitted an application for CMD that likely contained a sample of my super powers.
Page 37 of the 2016 10-K filed on 3/27/2017
Lol, that would be a great lawsuit to read.
"Um, your honor, someone on an Internet message board used the financials we published to highlight truly how bad we are at business and how corrupt the financials really make us look when you actually read them."
A green eared employee from H&R block could be called as an expert witness to read the highlighted financials and get it thrown out. Which in turn would increase the already mounting liabilities of MYDX with additional attorney fees to be paid for.
Great plan!
Correct, Deficit is what I meant to have typed...
$26 Million in Accumulated deficit.
So MYDX has used $26 Million of investments to be $3 in debt, yet Yazbeck made $6 Million.
LOL, strong does not equal $26 Million in debt, selling snake oil to a bunch of pigeons in the pinks!
Especially if Shareholders read and realized, at minimum every 1 quarter of every dollar they invest ends up directly in Yazbeck's pocket, with no chance of returning.
MYDX IS BROKE, JUST TAKING AS MUCH INVESTOR MONEY AS POSSIBLE BEFORE DECLARING BANKRUPTCY!!
Page 37 of the 2016 10-K proves Yazie got $6 Million in 2016. Heck his Salary and Bonus together were MORE than gross profits from selling products (page F-4 of the 2016 10-k). And they reported a Net Loss of $16.5 Million. The Accumulated deficient as of 12/31/2016 was over $27 Million!!
If $26 Million in the hole is not considered broke...then what is?
And how as a moral / ethical CEO do you feel you deserve $6 Million in compensation...unless you don't care about your shareholders/investors!
LOL, $6.1 Million in the CEO's bank worth of trust in 2016, on 300k worth of profit from Sales.
That's more proof of swindling MYDX shareholders/investors.
99% of people would call that fraud. (gotta leave room for error to account for the 1% of illogical people).
Dad? Is that you?
- Daniel R. Yazbeck, Chairman and CEO of unemployed
You're both incorrect, it's going to ship in Q5, Imaginber 33rd or the Turd Tw*tsday of Parallel Universe Dark Matter Origin day.
Here's a good example of what you get with 11 years of Yazie.
https://www.yazbeckinvestments.com/group/
An empty page, denoting nothing of value, no patents in the past decade, nobody working with him, no reference of ANY successes within the past 11 years.
But solely focused on MYDX.
His focus (or lack there of) might be a good reason he has no references from his time at Panasonic. And also, that he is only a reference on ALL patents and publications he is mentioned in...not authored.
Sounds like years and years and soon to be decades of riding coat tails and never actually do any work, except swindling, which seems to be a strong suit.
How is Yazbeck making $6 Million and MYDX is bleeding $$ while not producing any sell able products?
That's about 1.7 billion shares of MYDX at today's prices. About the Total amount of issued shares based on the "most recent" financials (Sept 2017)
https://www1.salary.com/Daniel-R-Yazbeck-Salary-Bonus-Stock-Options-for-MYDX-INC.html
Actually, that is exactly how WSOP champions becomes champion, by revealing all their cards! Otherwise, they are just 2nd place.
Plus, WSOP champions are much better with numbers than being off price predictions by a 99%.
I call your BS, as there are no posts about your "suspicions" until after they became public.
How much are you personally going to buy? Why don't you give Yazie about $50k...you could get a lucky 13+ million shares for a bargain.
And then pop down to Tijuana to see how quickly Yazie can blow that cash on "marketing".
MightyX, 11 months ago you expected the stock price to be closer to .25 by May 2018. Now you are trying to put positive spins on .0042
What a joke!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=131325754
It would help MYDX look like its succeeding if it were trading at .01-.02, what happens if MYDX is succeeding? Awe, too bad MYDX is trading so low.
Or not at all. Nobody really knows on this message board.
LMAO...And 15 months ago MYDX was going to 40 cents by April-June of 2017.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=128136807
They are gone...the legal process will continue.
That has NO impact on MYDX's path forward. If both the defendants pass away in the next year, tack on another couple of years of estate probates to wait for resolution.
MYDX cannot wait on the outcome of the trail to continue focusing on what is important for business operations or market penetration.
It is now just the side-show, and the main event is operations, invention and growth. F the lawsuit, let's see some organizational results.
If the lawsuits works out in the long run, bonus. If not, operations should stand on their own without it, correct?
"The" Lawsuit is a Moot point currently! It does not matter whether Investors support the lawsuit. Obviously, most intelligent investors do (myself included).
What matters is, how MYDX (Yazbeck) picks itself up off the mat and produces some results, substantial breakthrough or pens some partnerships.
Without that traction, the results of lawsuit may only benefit investors after the company has folded. Which would, at best, be $1,000 per Million shares...pending no other suppliers, partners or higher fiduciaries are still owed funds at the time of bankruptcy.
I'm just pointing out that MYDX's is fumbling their advantage away by not trying to be the 1st mover in this space.
1st mover is 100% dependent on time.
The longer it takes MYDX to play their hand, the less likely they are to have any chips left on the table.
The longer MYDX waits, the more larger funded laboratories can catch up and gain necessary status as large dispensaries and approved testing facilities.
The more and more of those relationships that occur, the smaller the opportunity gets.
In the entire scheme of the industry, consumers typically pay a premium for a pre-tested product, versus test and monitor themselves.
Time is not MYDX's friend. 1st mover advantage to continue to build the database is the only path. If that opportunity passes, so does MYDX's long-term viability.
Historically, the longer a decision takes, less funding, support and opportunities are available to capture.
So as solid investor what is your personal threshold for how long you will wait for the Pen to refined and released?
1 year?
5 years?
100 years?
There has to be some limit where as an investor you become concerned, correct?
This is an honest question, just trying to gauge exceptions.
Should have used OrganaDx...you would have known the tree was full of $h1t before you shook it. :) lol
Nope, no inventory and no manufacturing contracts in place by MYDX. Just another gap in the market that MYDX is currently not positioned to fill with any sort of first mover advantage.
Correct, there are MULTIPLE solid arguments against MYDX, and only a a SINGLE POTENTIAL argument with limited to no financial benefit for MYDX.
So are correct, there is not just 1 argument against MYDX. There’s an entire mountain of facts against MYDX.
5 FACTS of failed fundamentals to succeed in business and 3 FACTUAL negative trends are certainly greater than the POTENTIAL outcome a lawsuit with minimal POTENTIAL benefit to determine the long-term viability of a company. RESPONSIBLE investors rely on financial success and postive trends, which MYDX does not currently posses.
There are multiple solid reason to bet against MYDX...
Lack of Production
Lack of Cash Flow
Lack of Sales
Lack of Funding
Lack of Leadership
Increased Supplier collection claims throughout 2017
Increasing Negative trend of Stock Price
Increased dilution of existing shares
No direction provided to shareholders of company path forward.
IF MYDX wins their lawsuit...it's worth about $0.001 per year / per shareholder over 10 years. So 1 penny per share over ten years (around 2030)...after the lawsuit is won and paid out fully.
Good thing...because the plaintiff is certainly not exercising operations or sales currently. At least he's getting some exercise.
Hence my removal and retraction of an inaccurate post.
Ah, so there are multiple PRs and Sales publicly attributed to MYDX and CannaDX.
Interesting that is just a statement with no facts or links denoting profitable companies touting this synergistic relationship as the core competency.
Same App as a front-end to the SaaS Mydx360 platform that has been out there for the past 2 years, with the most recent version update 8 months ago.
It's easier to find a specific needle in a needle stack than locate the best alternative for your ailments/symptoms.
Twice today.
Thank You for proving my point again.
"MYDX that is achieving greatness by the very products"
Replace products with service for this question...have you even opened the MYDX360 App?
Holy HE77 batman...that thing is Fing awful.
Yep, same response I receive from folks that don't know also.