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On top of $15,000 a month paying a vendor (AQS) that sued MYDX, Yazbeck gets $10,000 per month put into his wallet, and MYDX owes $2,850,401 by July 31st to BCI and TRD (because they don't have enough shares to satisfy the warrants).
So how will MYDX pay off those debts?
Really want to know.
Coronavirus has nothing to do with Planet.
The cost of the Santa Ana license and building of the facility will have a bigger impact on the PLNHF SP in the short-term.
Has MYDX ever been out of no-bid in 2020 yet?
That’s gotta make MYDX shareholders mighty salty.
How bad have those mighty big lies told about MYDX damaged the company? Specifically, the company’s alleged imminent debut on a e-commerce site on October 17, 2018 at 12:01 a.m. (which never happened), plus Slimpen imminent release on four different occasions.
Has value been restored to MYDX yet? I can’t tell whether the trades in the quints or the OS north of 6B means value has been restored yet.
I’m thinking the company is still suffering from those who lied multiple times about Slimpen and the imminent online shopping platform, neither of which happened.
How bad have those mighty big lies told about MYDX damaged the company? Specifically, the company’s alleged imminent debut on a e-commerce site on October 17, 2018 at 12:01 a.m. (which never happened), plus Slimpen imminent release on four different occasions.
How bad have those mighty big lies told about MYDX damaged the company? Specifically, the company’s alleged imminent debut on a e-commerce site on October 17, 2018 at 12:01 a.m. (which never happened), plus Slimpen imminent release on four different occasions.
LOL, "holding" at $0.0001 is a win for MYDX.
Sad, actually.
China virus is killing travel to las vegas as well as Disney world...
$3.00 to $0.000001 definitely constitutes a down, but what is the up in the MYDX SP? From quads to trips? LOL
How.....just, how?
Yazbeck a salary of $10,000 per month, or $120,000 per year,
pay a minimum of $15,000 each month (to AQS after AQS sued MYDX).
On July 30, 2018, the Company entered into a Settlement Agreement and Mutual Release with Torque Research & Development, Inc. (the “TRD Settlement”). Pursuant to the TRD Settlement, the parties agreed to terminate the February 8, 2017 Research & Development Agreement and the February 8, 2017 Exclusive License Agreement. In return for a full release by Torque Research & Development, Inc. (“TRD”), the Company to eventually issue 45,355 shares of Series B Preferred at a value of $1.00 per Series B Preferred share. The shares of Series B Preferred will be issued upon an increase in the authorized shares of Series B Preferred. The Company also agreed to issue a 7.5% Warrant with an expiration date of July 31, 2020. The Company currently does not have enough authorized shares to issue the Series B Preferred shares and therefore, have recorded them as a liability at their fair value of $1,587,425.
On July 31, 2018, the Company entered into a Settlement Agreement and Mutual Release with BCI Advisors (the “BCI Settlement”). Pursuant to the BCI Settlement, the parties agreed to terminate the December 1, 2016 Advisory Services Agreement. In return for a full release by BCI, the Company agreed to eventually issue 38,272 shares of Series B Preferred at a value of $1.00 per Series B Preferred share. The shares of Series B Preferred will be issued upon an increase in the authorized shares of Series B Preferred. The Company also agreed to the assignment or issuance of three 7.5% Warrants. The Company agreed to the assignment of one previously issued 7.5% Warrant to an entity related to BCI Advisors. This 7.5% Warrant will expire on July 31, 2020. In addition, the Company also agreed to the assignment of another previously issued 7.5% Warrant to an entity related to BCI Advisors and agreed to extend the expiration date from March 1, 2019 to July 31, 2020. Finally, the Company agreed to issue a new 7.5% Warrant which will expire on July 31, 2020. The Company currently does not have enough authorized shares to issue the Series B Preferred shares and therefore, have recorded them as a liability at their fair value of $1,262,976.
On top of $25,000 a month going to AQS and Yazbeck's wallet, MYDX owes $2,850,401 by July 31st (because they don't have enough shares).
HOW will MYDX "restore value?"
Correct, MYDX now lists one of those rental, virtual offices on its financials.
Has value been restored to MYDX yet? I can’t tell whether the trades in the quints or the OS north of 6B means value has been restored yet.
I’m thinking the company is still suffering from those who lied multiple times about Slimpen and the imminent online shopping platform, neither of which happened.
Imagine how far up the MYDX SP would be had the mighty big lies about Slimpen and the online shopping platform launch on October 17, 2018 at 12:01 a.m. ET weren’t told.
LOL, with MYDX’s five year-old technology and five more years of products “coming soon?”
Ummmm, MYDX still owes at least $180,000 to AQI and also pays Yazbeck his annual salary of $120,000.
And then there’s the company’s former Chief Medical Officer suing MYDX. Lawyers cost money too.
Closed in the quints. Must be running out of shares to print.
LOL, MYDX will be lucky to survive Summer 2020 without a reverse split or BK filing.
The company has already said on social media it has abandoned the pen.
The number of times MYDX has been sued by vendors is greater than the number of products the company has released.
How bad have those mighty big lies told about MYDX damaged the company? Specifically, the company’s alleged imminent debut on a e-commerce site on October 17, 2018 at 12:01 a.m. (which never happened), plus Slimpen imminent release on four different occasions.
How will this happen? The company has said on social media the pen has been abandoned. CannaDX is five year-old technology and OrganaDX has been “coming soon” since 2015.
HOW will MYDX restore value to shareholders? HOW?
How much damage has MYDX suffered by those who told mighty big lies about the pen’s imminent release with Slimpen and how it was coming out on October 17, 2018 at 12:01 a.m. EDT?
Has value been restored to MYDX yet? I can’t tell whether the trades in the quints or the OS north of 6B means value has been restored yet.
I’m thinking the company has a still suffering from those who lied multiple times about Slimpen and the imminent online shopping platform, neither of which happened.
The number of times MYDX has been sued by vendors is greater than the number of products it has released.
Over 6B in the OS and everyday there are no-bid sells. Every day in 2020 with MYDX.
How much damage has MYDX suffered by those who told mighty big lies about the pen’s imminent release with Slimpen and how it was coming out on October 17, 2018 at 12:01 a.m. EDT?
The MYDX windows are not closing because they are already closed.
Daily sells in the trips, quads and quints with no bids is not the sign of an active company.
Products have been “coming soon” for years now, and the company has every stated on social media it has abandoned the pen.
I want to believe this, but it gets harder and harder after each cash raise.
And a big drop the SP takes the day before the raise is announced. This is the second or third time this has happened, and on top of those insider share acquisitions three weeks ago make things smell a little ripe.
Investors trusted MYDX when the company said the pen would be released 2H2017.
Now here we are, nearly three years later and still no pen.
And the company has said on social media the pen was abandoned.
Those were not "buys," they were insider acquisitions...the price for all 363,371 shares was $0.00.
And here we are, three weeks later.....there was a sharp drop in the SP late yesterday, and then another cash raise announced this morning.
Not suspicious AT ALL.
Funny how the one-day chart had a sharp drop in the last hour of trading yesterday, and then the news of another cash raise was released this morning.
Down 15% as I type this on very heavy volume and no news. What’s going on?
CYPRESS, CA / ACCESSWIRE / February 6, 2020 / KushCo Holdings, Inc. (KSHB) ("KushCo" or the "Company"), today announced it has entered into definitive agreements with investors for the purchase and sale of 10,000,000 units, with each unit consisting of one share of common stock, par value $0.001 per share, and a warrant to purchase half a share of common stock, at an offering price of $1.60 per unit, pursuant to a registered direct offering. The warrants will have an exercise price of $2.00 per share, will be immediately exercisable and will expire five years from the date of issuance. The gross proceeds of the offering will be approximately $16 million before deducting placement agent fees and other estimated offering expenses. The Company intends to use the net proceeds for working capital and for other general corporate purposes. The closing of the registered direct offering is expected to take place on or about February 10, 2020, subject to the satisfaction of customary closing conditions.
The company previously stated it was going to suspend monthly updates. So when it provides another one, it reeks of desperation.
Average tickets are up, which is good. But the rest makes it sound like the traffic is slowing down even more. And when you have fewer people coming in, it’s easier to increase the average ticket (on top of already disclosing how they increased prices).
Come to think of it, are they using restaurant revenue to goose that average ticket number?
Smart of them to let people know they’re watching the SP like everyone else, but the overall feel (including the overdue Santa Ana license) is that they needed to do this to stave off deeper than the -30% SP drop in the past six weeks.
Company has already said via social media the pen won’t be shipping.
Company said it was going to acquire that Santa Ana license in Q4 2019 or early Q1 2020. Why hasn’t there been any news or progress on this?
LOL, MYDX has "self-sustained" itself from a $3.00 SP all the way to $0.000001.
MYDX has a self sustaining product.
What store? The address on the last MYDX 10-Q is one of those virtual office/rental locations.
Probably the time when he “stepped down” and let Bucciero and Beckmann lead the journey to a SP of trips.
The MYDX Pen has been “coming soon” since 2017.
At least that’s more recent than AeroDX, AquaDX and OrganaDX....those have been “coming soon” since 2015.