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This is not money that is "due." The "Derivative Liability" is an ongoing counter of the costs related to the convertible debt that was settled in Q1-17. This will eventually fall to the bottom line as a financing expense, but is not something that needs to be paid.
That leaves the portion that we are all used to thinking of as liabilities (AP, NP, etc) at $1.611m, not 6.422m. IMO.
Malc, I totally disagree with you. That is not what happened.
I like the +30k operating cash flow. We don't know much about the total picture...looking forward to seeing the Q.
2.5m, not 12m (unless you're referring to something that I haven't seen). 10K reported TOTAL liabilities of 3.8m, which included 233k of convertible notes, 1.8m of derivative liability, 247k of warrant liability.
Clegane, that is irresponsible. Not sure why you would say that.
The PR does distinguish between "cash flow from operations," and "cash flow from financing." "From Financing" could contain additional debt. "From Operations" should not.
Debt, in and of itself, isn't dangerous (virtually every company has debt). To much, or the wrong kind, can be a problem.
Fair enough. I see it on my eTrade account, too.
Some of you may know more about this than me, but seems like there was just one PR on MarketWire (is that the best wire service to use?). Outside of that, no alerts have been triggered. I usually see a "News" alert in my iHub Level2 screen when a quarterly financial is released, but don't see it now.
I'd expect more volume once one of the bigger wire-houses gets the release, or when the Q itself is released.
The company intends to close its first big customer under its newly created revenue streams in Q2 and will announce it when terms are fully negotiated
And now today, everybody expecting the report pre-market. Nothing.
Quote from news release:
For the first time in company history, the company is cash-flow positive with ~$30k in operating cash flows vs. (~$210k) from the same quarter in the previous year
It's not a strawberry or banana testing device. Read the instructions carefully.
Thin up to a-penny-ten. Somebody needs to jump on it.
License the pen, but they have to develop the bluetooth interface, database integration, etc. There will be expenses.
In the interest of managing expectations...there is virtually no way that Q1-17 will show that they were cash flow positive. CDX/Yaz has not set that expectation in any way, shape or form.
That's not a bash, and doesn't indicate anything negative. It's just a realistic view of the situation. MYDX is improving. It will get there. Give it time...
A lot of energy is being put into answering questions that we don't have enough information to answer. Take it at face value. The PR said that we had a good quarter (the word profitable is not used), at some point in Q1 we were "sold out" (not necessarily at the end of the quarter), and that some units were retrofitted with MYDX-2 technology (don't know what that exactly means, or where the units originated). We don't have enough data to connect the dots in between (we don't even really know what the dots are).
The Q will be out soon.
They didn't sell 1000 units, they ordered 1000 units for backorders and stock. It's still great news that they sold out and couldn't keep up with demand though, Q1 2017 will definitely beat Q1 2016, and I would assume Q4 as well. Impossible to guesd how many units they sold
Yes...The one from Shajandar is interesting reading. It explains that the work that Yaz is doing, and the results that he is seeing, are "Utter, total, unquestionable garbage claims." Not my words, his.
Yes...3 of the 4 remaining stickies are opinions from Malc, Shajandar, and 2HaveKnowledge.
Yes. Stickied PRs and Financials are gone.
Just got a very nice MYDX email outlining MYDX 360. Anybody else get it? Very professionally done.
https://www.cdxlife.com/wp-content/uploads/MyDx360-Brand-SAAS-Platform.pdf
Please...do tell.
What was the bad news in the 10K?
Good luck. Important to keep in mind: anything that you read here is just opinion, good or bad. We all have access to the same information. Just because I say it doesn't make it true (just because I say that "MYDX submitting audited financial statements in an environment where most companies are 100% radio silent is a very positive reflection on the company" doesn't make it true. I believe it, but you (and others on this board) may think that's baloney. Use the same logic when evaluating all opinions...good or bad...on this board).
Think of the people in your life...some are positive, some are negative. Many on both ends are overly-dramatic. Same thing here. Read all of the posts, and make your own decision.
There were different opinions on that. I think they'd be compliant if they waited until Monday. They may elect to do it earlier. Of course, this is the OTC so it could be little later. With an audited 10K they are already way ahead of everyone else around here.
For whatever reason, there is a tremendous amount of critical review and unrealistic expectation that is put on this stock. It performs better than others, reports better than others, innovates more than others, etc, yet when they release an AUDITED 10K 20 MINUTES LATER THAN EXPECTED they are criticized intensely. Heck, 90% of the stocks on the iHub Most Active List (OTC) don't file Ks or Qs at all!
Thin up to a penny-thirty. Make it rain.
Due 5/15, and extended by "5 calendar days." So...any time now.
Im aware of the news. What do you mean by "is there any chance of revenues....?"
Announced the release of mydx 2. Announce that imagery was sold out in q1, and they were accepting back orders. Numerous other details in the PR. Scroll back through the post timeline and you'll find it, about three or four hours ago.
Sorry, don't understand your question.
Cuz it's awesome.
Thin up to a penny-oh-eight. Somebody take it out.
MMs are playing games...rejecting buy orders, and filling below the ask.
I don't think this is games or dilution. Only 4m shares so far today...sometimes that happens in the first 15 minutes. No volume, so if someone wants to sell 1m shares over 30 minutes it drives the price down. Supply and demand. Nothing to see here...
Good info lmpa. Its helpful that you showed the previous number, too. Thanks.
I talked to some people who had used them and LOVED them. This one is NOT off topic.
Yes, you're right. Sorry!
Fair enough.
I'd go with the 22nd. 5th business day following the due date, which was 5/15.
Just saw notification that the Q will be filed late. That's to be expected. Check the top 10 stocks on iHub's OTC breakout list - last time I checked 9 of them didn't file AT ALL. Late is no problem, and no indication of performance.
You have the same information as us Malc. My assumption is that it was invested in China. Clearly you assume otherwise ; )