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HINT: One of your board member's is working on something very similar. Not a lease but a purchase program on payments with a large electronics financier for various credit situations.
I am painting the least "rosy" picture there is, .25% of 20 million MJ users is pitifully low figure to target. I was merely pointing out they are in the state with the highest use in the US period. The biggest misconception here is that this is a MJ device. It is an analyzer capable of analyzing a multitude of things.
No the financing will not be as cheap but much better than the previous debt and now they have revenue streams.
50K is not only obtainable I believe it will be done by the 4Q with adequate advertising and additions of the other sensor products.
The real truth here is 32 million in startup costs for a 3 year old company that in the same 3 years has a working product on the market gaining sales is a paltry sum in today's world.
Your statements are not completely incorrect if put into context not probable. Yes this company could fail tomorrow as could any, now is it likely, no. Is it less likely considering the hole they were able to dig out of so far absolutely yes.
All the false and misleading information about this company is laughable.
You are basing your information on already outdated numbers. I agree they need to keep moving forward but not you or I can see what is in the works. And the fact remains they have access to financing if needed yet for some reasons have not used it. Why? Not maybe, most likely, MYDX knows something we don't yet. Additionally, it will only take about 50k in orders of one revenue stream to equal 32mil in accumulated debt. That is not much considering they estimate over 20 million regular users in the US which means they only need to capture .25% to hit that number! Over 15% of San Fransisco residents are frequent marijuana consumers, highest ratio in the US.
I believe with not much work they could reach these numbers and never leave California.
It's not a rumor.
Only little fish not investors. Big fish just taking from the babies.
I stay away from predictions because they always make one look foolish eventually. That being said, some of what you say has validity.
Very possible. Or maybe that is where the vape pen came from all of the sudden from a company that had stopped R&D. Most vape products are Chinese made.
Mydx does this every time with news. Flippers sell. Longs come in and buy up more...
MYDX share getting bought up. Someone can read filings.
Great post! Finally gets it!
If you are a long then anything above your buy in is a good day. What you see here is all the people who assumed they would be able to flip this stock. All the fools have got out of this stock long ago there is no one left to play games. It will slowly rise, a few will read and actually understand the filings and join the growing long positions here. Then when something hits the PR junkies can jump in and help it climb to the next level.
Ya lets see what Q1 looks like. Sure it is as stated.
AGREED 100%
Shame on Yazbeck focusing a PR on positive news...
Could also be sensors already sold and sent in for upgrade as well.
I don't get all the hype over the financials? They are only going to show a marked improvement in financial situation and continuation of MYDX's trend to set and accomplish goals. Hopefully some hints at partnerships and acquisition possibilities. I don't expect any financial revelations like 25 million in receivables or cash flow positive in 3 months time. I would expect to see a little bump and stead as she goes. IMO
If so I would get new promoters!
Found this posted here from a year ago.
Google Are Set to Enter the Cannabis Industry:
“I can confirm that Google did reach out and ask if we would be interested in speaking with them about the industry’s needs and how Google could potentially work with us to address them,” Matthew Givner, a LivWell spokesman, wrote in an email. “Beyond that there has been no communication.”
Redmond, Washington-based Microsoft was the first major corporation to publicly disclose its involvement in the marijuana industry.
Less than a week later, MyDx – a San Diego maker of handheld chemical analyzers that allow consumers to check the potency of marijuana strains – announced that Arrow Electronics will help manufacture its line of analyzers.
http://www.cannabusiness.com/news/science-technology/google-set-enter-cannabis-industry/
Marijuana stigma receding among some big companies:
The latest corporate giant to take the plunge is Colorado-based Arrow, which manufactures and distributes electronic components and devices. It is teaming with MyDx, a San Diego maker of handheld chemical analyzers that allow consumers to check the potency of marijuana strains.
In a news release, MyDx announced last week it had struck a deal with Arrow under which the Fortune 150 company will help manufacture MyDx’s analyzers and provide other services as well as a line of credit.
The previous week, Los Angeles-based Kind Financial announced it was partnering with Microsoft to offer seed-to-sale tracking systems to government customers to keep tabs on marijuana commerce.
Both of these partnerships come at a time when more than half the states have approved medical marijuana programs and a number of states are weighing recreational MJ this fall, opening the door to additional cannabis revenues nationwide.
https://mjbizdaily.com/cannabis-stigma-receding-among-big-companies/
If they don't have a connection then they have coffee a lot because the offices are about 4 miles apart.
Panasonic does not directly sell to almost any market. They sell to authorized dealers for the products they manufacture and in the medical division many items are sold to be used in the medical marijuana industry.
Look under markets of this authorized Panasonic dealer:
http://www.msgi.ca/content/panasonic-ideas-life
Oh I see. Your putting sales in the most basic of terms. OK no absolutely nothing creates automatic sales. Now people, connections, businesses, marketing, eCommerce, etc. does which just happen to all be in his network. Since it is no secret they have sales this must be working to some extent.
Panasonic is already involved in the MJ business. Where do you think some of the best security systems come from?
This analyzer will test many things just like the commercial lab equipment tests MJ and many other things. These huge companies are selling them hundreds of thousands of dollars worth of lab testing equipment and don't think twice.
Really this analyzer has a lot in common with a cellular device so Motorola, Samsung, Panasonic, Apple, etc. may be interested as it could easily be sold and marketed in almost the same way. You pay 800.00 for a cell phone that costs you 25 a month in a contract so why is it so hard to believe a tester of air, water, organics and cannabis could not be sold and marketed in the same fashion.
http://business.panasonic.com/industries-healthcarelifesciences
http://eu.biomedical.panasonic-healthcare.com/products/healthcare
http://www.panasonic.com/promos/system-networks/healthcare-technology-solutions.asp
Sorry you are absolutely incorrect, connections are everything, in fact in business you are only as good as your network period.
Big companies acquire smaller companies tech all the time for a multitude of reasons. I would say Panasonic would be more interested than Pfizer honestly and Big Pharma is already eyeing this industry. Here is one little companies list of acquisitions.
https://en.wikipedia.org/wiki/List_of_mergers_and_acquisitions_by_Alphabet
Have you read up on this guy? Some of them are one and the same. He has connections to Japan, China, Lebanon and Canada. These are some family and friends but mostly previous work colleagues or business associates. In various professional specialties and many have excellent connections within the markets MYDX is now and will be in the future pursuing.
It equates to knowing the market and having connections in that country. Sorry thought that was more obvious so I didn't explain it better.
Yes he lived there, went to school there and still has many business associates and friends there.
I would not forget Yazbeck is still heavily connected to Canada. If you look at some of the weed blog sites there is already interest in this analyzer there.
I think it depends on what your looking for. If you are hoping they wiped away all debt and became cash flow positive in 3 months I would guess you might be disappointed in 98% of all companies. But if you are hoping for more income than out go in the last 3 months, orders coming in and progress on seeing plans coming together, that may be a little more realistic. If you are looking for results of the money that has been spent well you should already be happy. IMO
Then your questioning the wording? Guess that makes sense not everyone interrupts things the same. Some good questions too, I think I saw a number for MYDX maybe you could call and ask then post back here. I am sure others would like to know your findings also. That would be great!
Why always opinions with nothing to back it up? Please supply links in the future.
Interesting you post this because I was reading the very same thing. Said also depends you was caught in it as well.
Honestly I don't have much in this as I sold most of it but I take it as a learning opportunity in uncharted territory for myself. Gotta pay for my education somehow lol.
Thank you again!! That is excellent advice I will follow. Already researching it.
Thank you. So set a limit price and just wait for a fill?
OK so I get this will trade on the Grey Market. I have heard of this for IPO's before listing or private company's but really know nothing about it in this scenario. How do you trade on the Grey Market? Are there brokers that specialize in this? How do you place a trade? Can it be done online through a website or is it a phone transaction? Say I purchased the shares through like Ameritrade can they post a trade on the grey market or do I have to find a specialty broker? If you can't see bid or ask how do you know where to set price? Thanks for any help in advance.
If you have the analyzer why did you ask about lettuce? If you are getting 8% THC out of oregano I am definitely using more oregano!!!
Sorry. My MYDX analyzer works fine. I have waited for every electronic device to come out with the "Next Generation" since my first Beta tape player so what are you trying to say?
Please tell APPLE they missed the memo.
AGREED. Has a product that sells, has data that accumulates every day, steadily rising number of sales outlets, worldwide interest, only/first analyzer of it's type/size, partnering interest is increasing, institutional financing is available, new products being developed and marketed, consumables, wow what a list for an OTC company. You are so right Time has Told everything that needs to be known!