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It needs to be kept in mind that although the clock resets it depends on what information was required and how far review progress was at the time of request. Many factors in dealing with the FDA. The reset does not mean another 60 days will be needed, merely they have that much time to review.
All you do is quote Morningstar. So if they are not creditable how creditable are you?
Incorrect. Stock price can go up and down but the wheels are still going to turn. A business doesn't change because of opinions. Things were set into play last year that will not be seen this quarter either.
Everything your looking at is old news. If you want to formulate an opinion about the last 3 months decision you'll have to wait till next month.
Nonsense. I think maybe your misunderstanding what dilution is.
It is not can't. MYDX needed to finish audit first. Good business sense, complete on thing and go to the next. They mutually agreed to wait. Which I believe to be a Godsend because other options on the table now.
If MYDX is going out of business I am sure he would have taken my offer.
Those are my thoughts...
EVERYTHING can be manipulated to show what is desired. End of story.
I surely wouldn't want to type all that crap by hand every time lol...
It is a software package you purchase and fill in the blanks. What takes the auditors time is sifting through and the paperwork verifying the company's financial situation. All the speak is programmed.
If you read most labels forced by regulations to be put there you wouldn't want it. Your bank and brokerage has similar legalese for unforseen circumstances to limit the liability.
Unfortunately your wording makes all the difference. It doesn't say anything close to that. What you read is standard legalese stating it is possible for all those things to happen. It is like the sign having to tell people the road may be slippery.
That coupled with the fact it is a yes or no test. I does not determine quantity. Ironically the data is processed much like the MYDX unit. Once the sample is analyzed it is then checked against known database for explosive composition. The difference is they are looking for a about a dozen or so specific markers in small quantities. They dont evaluate the chemical merely acknowledge the presence. This why it is so fast and easily confused with common none explosive chemicals with similar signature. Now if the database finds a combination that matches known explosives you'll be there awhile.
Correct to some degree. Not just this sector but any company that puts it on the table it is there till expiration. If you don't believe the company you are investing in then I suggest you get out. The man said it wasn't needed and until he says it is, unless you just want to call everyone a liar, it's off the table.
There is not only a database but it has been being added to long before this analyzer was available for use. Who was adding and still is? Beta testers and the labs that test the growers products for compliance side by side with the MYDX unit. Been happening for years. But you already knew that.
I believe there is transcript you could quote. Don't know if that helps.
It was announced in the conference call.
I am going to quote Rascal1 here. He is correct what isn't being held is getting pushed around is a small percentage. That coupled with the fact most of the markets are crap today I would suggest revisiting things next week. MYDX isn't going away. FISH ON!
Yep. Facts are facts...
I see it on L2 now 10K at a time...
For me everything is calculated. I trade to profit so yes I have shorted as well but I don't speculate much on shorts. If the numbers don't line up I don't even look. My grandfather used to say wish in one hand and crap in the other then see which one fills up first....
Absolutely correct. It is going to help.
I agree. Don't ever like putting out numbers but I think a little volitity followed by climb to true value. PR and filings will add catalyst to that. To be sure this is a investment, if you are a flipper probably in the wrong stock unless you come with patience.
Thank you. I like the honesty of this company. I takes some hevous to do what has been done here. But more impressive is the fact of how many people are still working with him but have stood down financially to make the balance sheet look more appealing. Believe me I understand how humble you have to be to put out a filing like that when you know what you have done is so much bigger. He and his many supporters stand on faith in the idea of transparency and accountability in the condition of the environment around us. Putting the means to verify everything tangible and assimilate data on it is like extending the arm of Google into the physical world. This will have enemies for sure but ultimately will prevail.
This is correct. I believe many are unsure how to read a filing. Fact remains few companies are able to take a product from idea to production in as little time with as little money. If 26M were a debt owed it is still a small figure by today's standards.
Y'all can argue over past filings until the end of time but it isn't going to change them. The key is debit resolution and revenue. We can see an upward trend in revenue and know debt has been drastically decreased in this 1Q. I don't care about anything other than the next 3 quarters. This will tell if his outlined plan is working.
In a nut shell this is what you are looking at in my opinion. MYDX has multiple revenue generating products. They have eliminated the majority of toxic debt. They have decrease operating costs to a bare minimum. In doing so they have negotiated the outsourcing of production, R&D, shipping, service, sales and marketing. This was done through contracting so debt is only accrued as services are rendered. Many of these contracts allow for 60 plus days before payment is due to allow revenue to catch-up with expenditure. They are concentrating efforts on the core products in play that the 26 million in accumulated debt bought. Data will be the key revenue producer considering it will take next to nothing from here on to maintain and license the use. This would generate a constant cash flow which is something conventional financiers like. Analyzers will sell and as the sales increase production costs will decrease and purchase price will follow. When BudGenius deal is consummated this will allow increased data to existing MYDX database combined with POS capabilities for that data. With Torque Research & Development, Inc, R&D continues as does new product development. Finally Libre Design is contracted to market the MYDX brand. They have branding and marketing experience and most importantly this area of the company will not be stagnate with this agreement.
Yes there are a lot of numbers in the annual but from an investor and business point of view that is historical reference and nothing can change it now. But what can make future quarters acceptable is the plan moving forward which is sound at this point. Mr. Yazbeck is heavily vested in this as apparent from the filing which should be a sign of his dedication and faith in MYDX success.
Any man that lands on an island so intent on conquering he is willing to burn his ships of retreat is a man worth following.
This is of special importance:
“MyDx plans to evaluate 510K approval process to leverage its consumer products and the ability of insurance companies to support sales of its smart devices and generate HIPPA compliant crowdsourced data.” In simple terms they are going to try and make this for medical cannabis patients what a glucose tester is to a diabetic.
26M is total debit from inception. So "hypothetically" as revenue increases over the cost of operation this number will decrease.
It was not purposeful on the part of the company. They have to rely on the auditor for this information. You can not make your filing show at your desired time in Edgar. Once you file there is a period of time before it will post which obviously makes coordinating PR difficult if the filing is not produced in time.
That is an accumulated deficit figure. An accumulated deficit does not necessarily mean a company is in financial trouble. There are some cases in which a business might have an accumulated deficit and still have a strong financial future. For example, a young, small business that has yet to generate a profit could show an accumulated deficit on its balance sheet because of start-up costs but might be rapidly acquiring new customers and increasing its revenue. One period of profit could turn its accumulated deficit into positive retained earnings.
Again this is standard legalese. This is all part of having a public company. If you do some research you will find this to be true.
FILL IN THE BLANKS, obviously that information is from the last quarters operations... Honestly all of it is good. Quarterly reporting's are made to serve as a gauge on a business's progression not a wish list for what you think it should be. they have resolved a lot of debt, finalized projects, made sales and hold the rights to everything they are doing at present. I have decades of lean management experience and if you can operate with minimal staffing you do it. Why do you think companies like Arrow were contracted to produce, package and deliver products. Once you build an app it is standard practice to contract maintenance services from there. They did not say nobody is working for them they said they are contracted labor not physical employees of the company. I have seen many financings happen including my own and everything has been done to make this company look good to conventional venture capital. You will see if this worked in the next couple filings if they don't get bought out before then.
This is to much information to late in the day to see much response. Tomorrow should see some action. Interesting L2 though.
Obviously not or you would know it is standard legal speak. I use private contractors for everything in one of my companies just to keep from having employees.
Good Luck MYDX Longs!!! My people are here so I am out for a few!
Honestly just trying to set my family up with a perpetual money machine that I never had when I was young.
Then you know Homeland Security and Border Patrol are lobbying for it. They waste millions on policing Marijuana. If it was legalized for rec use it would almost single handedly bankrupt illegal import and allow them to focus resources where they need to be.
I have it on good authority it is coming sooner than later. I own over 100 Texas cannabis related domain names already and have invested in the hemp market here which is legal. Own 2 warehouses strategically located for hydroponic facilities just waiting. We learned some lessons in Washington state.
There is no law requiring a CMO to be a Praticing Physician. Any practicing medical student can work under an existing MD in most capacities CMO included. But regardless I believe it was misinterpreted as CSO since that is what she is listed as.
http://www.nature.com/nbt/journal/v24/n10/full/nbt1006-1295.html
Wise move. Our bodies assimilate natural substances far more effectively.
Yes it does but few here read that much information. Lol. I have dealt with FDA in the past though, just because it says what they are supposed to do has nothing to do with what is actually done sometimes. Both pro and con.