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MyDx CLOSING SHOP? 404 Not Found all over the place.
Moving to MyDx-Flo, Inc.?
https://www.cdxlife.com/aqua-sensor/
So basically you can buy, but before you can sell something positive has to happen. Does that sound right?
I've never paid attention to a stock with a price this low before. Can it go lower? Can I go down to four zeros?
So, what's the play here? It's at .0001...I'm going to ask a stupid question: It's clearly at the bottom of the "trips," is there anything lower? Can this go down to .00009? Or are the options either "up or zero (out of business, right?).
Are there any signs of life? Might be a fun place to park a few dollars.
It's been a good morning...let's hope it can hold up!
I think you and I and anyone else can agree...
Don't believe anyone is selling, it's the last bit of dilution
Is that Winston-Salem, NJ, or North Carolina? As far as I can tell there isn't a WS in NJ.
Hit the nail on the head
Then shareholders are screwed IMO
The company needs to stop diluting period.
I guess he needed more cash since September. Current revenues can't support the company's burn rate, so they have to continually borrow. The only way that they'll stop borrowing is to cut expenses or start selling product. Unfortunately with these pinkies we don't get much info, so it's hard to know exactly what's going on.
The CEO needs to take care of the dilution ASAP
500mm shares outstanding, give or take. $.06 would make it a 30mil market cap.
When I look at the trades I see "size" for a lot of the trades as 1700, 9699, 15750, 4999, 4999, 4999.
Does that mean that people are placing orders for, like, 1700 shares? The value of the items listed above are somewhere between 3.00 and 35.00. Are those real trades?
Dang. Uh...ok...that IS interesting.
I will be on this company like a fly on a cow this year.
Crooks can bite me I'm NEVER selling EVER!!!!!
I think you misunderstood me. I was responding to a post giving a slew of technical reasons why the device will never work. (Sorry, sarcasm never works electronically).
(this light bulb idea is never going to work..... T Edison)
To my knowledge there's been no communication in a month. That breeds a lot of fear, uncertainty and doubt. That, coupled with the stocks performance over the same period (0.01 to .002) creates a lot of skepticism.
I bought in right around 30 days ago. I've been able to average down to about .0058, but now I'm in deeper than I'd like. Hindsight is 20/20, but I wish I'd have just sold when it dropped to .008. I don't know if it's a viable product or not (and I realize that it's a gamble and I'm ok with that), but the lack of responsibility and lack of regard for shareholders is appalling.
Maybe if I sell this thing will move up big, then I can chase later...lol
If he's buying a large volume of shares at .0022, I hope that means he's anticipating a price bump.
Founder's syndrome (also founderitis) is a popular term for...
I'd love to see some positive movement before there's a RS. It feels more likely for the stock to go from $0.003 to $0.03 than it would be to go from $7.50 to $75.00.
At this point I'd take a solid move from $0.003 to $0.006. It feels like that could happen in an hour if there was even a hint of good news.
Maybe there is no good news....
I think he left early for happy hour.
Sorry...No question marks. That was a smiley face on my phone. Than you.
Thank you ??
Possible. Let's see how the next 2 months play out.
I've seen this 1000 times in the past month, so I'll expose my ignorance.....What is BMAK?
Where can I find a copy of that letter? (seriously...I'd like to read it).
That articsl is 2 months old. If they bought mydx on 11/8....I hate to tell you, but they lost on that one.
Maybe...but if the dilution continues to 800m shares, that makes them worth .05, right? ; )
Dude...stope saying that. People think you're being serious.
At this point, I don't think anyone really knows what the actual float is. 400m shares?
Well, MyDX hasn't exactly fostered a warm, fuzzy feeling for the past month. People don't like the uncertainty.
Wait...what? You're guessing about that, right?
Got it. What does that represent? The price that convertible debt would be paid off with? So if MYDX owes someone $10,000, then they would be paid of with $10,000/.000875=11.429 millions shares of stock?
That's a lot of shares.
And the premise is that it allows them to get the stock, sell it, and recoup their loans at the current stock price...plus a risk premium.
Is that about right?
What, exactly, does that mean? How do you get that number?
I hope that you're right, but the math on this is astounding.
Your example of someone that bought in at $2...say they invested $20,000. That means that they bought 10,000 shares. The exact same shares now cost, what....$20? The same $20k now buys, theoretically, around 5% of the company.
So they can spend $20 and cut their avg cost per share in half.
Or spend $200 and cut their avg cost per share down to $0.18.
Math on the back of a napkin, so forgive me if it's off a little. I'm only saying that if someone is hoping for a comeback, I hope that they aren't still in at $2. In a strong scenario it might be a year before this thing gets back to a penny. Or...who knows...maybe a week. This is a crazy situation.