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The company addressed the Chinese tariffs by passing the costs onto the customer as of May 31, 2019 (as stated in the last Q).
I know, right? Nobody seems to be “scooping up the cheapies” anymore. Wonder why?
Is this like the dozens of other times over the years MYDX was supposed to have “news” and “take off?”
Does the news of the vape company CEO stepping down today amid constant pressure of vaping in general make one think MYDX is going to “take off?”
That’s assuming there actually is a pen, because there have been zero manufacturing agreements about it from the company, and it’s been “coming soon” for two and a half years now.
MYDX 2016: the big news for the company was the CannaDX being manufactured and going on sale.
MYDX 2019: the big news is a Facebook cover page update.
Says a lot about how far MYDX has fallen.
Case 37-2017-00026331-CU-BT-CTL? Yeah, Yazbeck filed for a dismissal on December 11, 2018?
Or is the lawsuit against MYDX by its former Chief Medical Officer the one being referred to? Because that case is scheduled for trial April 17, 2020. That’s case number 37-2018-00055626-CU-CO-NC.
Current MYDX Snapshot:
- Six weeks delinquent on financials.
- Active court case, filed by the company’s former Chief Medical Officer, trial scheduled for next year.
- Filed a court case in 2017, sought $29,000,000.00, settling with a defendant for $5K. A defendant that, according to the court website, had no legal representation. The other defendant paid nothing. The company filed a dismissal with the court.
- Vape pen the company introduced in April 2017 still “coming soon.”
- Three additional sensors, AeroDX, AquaDX and OrganaDX have all been “coming soon” since 2015.
- MYDX paid at least $1M to market AquaDX in China when the product has still yet to be released in the US.
- Company allegedly filed for medical designation with Health Canada December 2017, still no updates, or even a mention in the financials.
- MYDX was to provide updates for alleged Israeli clinical trials in Q2 2018, with final results released in Q3 2018. The company has yet to release any such updates or results.
- MYDX hires Erai Beckmann’s company to run MYDX. They resign even before the allowable wait period ends as stated in 8-K.
- MYDX pays Erai Beckmann over $145k to advise, promote and market a product in 2018, the pen, that has still yet to be released.
- MYDX founder Daniel Yazbeck, still owed north of $400K in his golden parachute from the company. In addition, through personal ownership and that of his privately-owned company, Yazbeck Consulting Investment Group, owns BILLIONS of MYDX shares.
- Has been taken to court for non-payment of vendors.
- Racked up a whopping $1,539 in Q1 2019 revenue. Q2 2019 revenue is unknown since the company will not release its financials.
- The company does not have enough shares to fulfill warrant obligations to company it licenses its core product from.
- Share price once at $3.00, now at $0.0006.
Who exactly is this "forced seller?"
Yup, and MYDX is not filing its quarterly reports anymore.
Because the matter hasn’t been closed, according to the MYDX 10-Q dated April 23, 2019.
LOL, really?
It IS getting interesting, as MYDX’s future is based on a claim a court case is open when NO COURT CASE NUMBER CAN BE PROVIDED.
LOL, that’s not remotely close to how it works.
It’s entirely possible MYDX is on a payment plan to reimburse Dewald for his legal defense against the company. In the other judgments against MYDX, a payment plan has been arranged.
The company has a track record of both not paying vendors and when legally forced to do so, makes installment payments. Just like in he Arrow and AQS cases MYDX was hauled to court over.
Did you forget that Panther’s wife is a professional party planner?
She’s also the CEO of Slimpen, the company MYDX was supposedly going to release MYDX products, but didn’t.
Ironically, the B2B party Erai Beckmann was supposed to have for the MYDX Pen was cancelled.
Also could mean MYDX has yet to reimburse Jerome Dewald for his legal expenses.
MYDX has a poor track record of paying people and vendors, as more court records show.
Poor Daniel Yazbeck, once proud CEO of MYDX, one time at a $3.00 SP, now with a SP in the trips.
Actually, not poor Yazbeck.....poor MYDX Shareholders.
Yazbeck is doing just fine with his billions of MYDX shares, still personally making money off MYDX Shareholders, and not being held accountable for deep red MYDX shareholder positions, leaving MYDX Shareholders Mighty Salty.
Huh?
MYDX couldn’t maintain the .01 minimum SP, that’s why they were de-listed from QB to Pink.
MYDX is not QB or QX.
Wow, over a month and still no 10-Q from MYDelinquentX.
What’s the company hiding?
What’s two months when people have been waiting two years for the MYDX Pen?
What’s the case number so we can see what the court says?
What's the judge's name? What's the case number?
MAKE IT MAKE SENSE!!!!
Great....what's the case number?
The root of this is how people see "MATTER" not dismissed, but insist "case" not dismissed.
There is a huge difference. In fact, "MATTER" could very well mean MYDX has yet to compensate Jerome Dewald for his legal fees.
It could also mean MYDX has not paid its legal counsel.
If this was an active case, there would be no problem to provide a case number.
No revenue either.
Wonder if that's the reason MYDX is withholding its 10-Q.
He is? I thought Yazbeck not being the CEO was the excuse for MYDX being over a month delinquent on its 10-Q.
If Yazbeck is withholding financials and pumping out insider information about MYDX, the Peatross lawsuit would be the least of his worries.
If only there were a way to see exactly how much revenue the company is getting through these “orders.”
Oh yeah, I forgot....MYDX apparently isn’t producing financials anymore. Wonder why?