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I understand this tech is complicated and seems like "magic" to some. I know a lot about how this works and it doesn't work at all without every aspect in place and functioning in unison. You did get something sort of correct. The test strips you can buy on the manufactures website do make sure the water won't kill you. They were contracted to help develop and supply with a standard no compete clause. So you won't find the same strip there unless it's authorized for sale thru them by MYDX.
Success...
Was mostly due to increased debt trying to bring this product to market.
Ok so you successfully described almost every OTC stock...
Just saying.
First 9 million shares is a pretty weak dilution if that's what you theory. Second T-trades are not only trades during the day they are also an average of those trades. Meaning one person did not dump 9mil. Many trades occurred at various price points and what you see is total trades at the average price of all.
I never cared about 6 month old sales so have not asked. Can I find out next week when I am in San Diego.
My thoughts are wrong again. Unverified as usual.
Wrong. R&D is not only finished Arrow has the units. I realize it is hard to know what happens in a company if you have no way of verification. Become a distributor for this product and you will get more information.
Honestly Marijuana is this things smallest market right now. Once the analyser is finished evaluation for government service use it will be in the hands of almost every department than needs to spot test, earth, wind and water.
I am still up 550% or so. I will take pathetic...
Congratulations. Red close here was expected. OTC flippers don't hold over the weekend often so it just leveled out around where the consolidation had been.
Just one more for the rock.
http://www.abfjournal.com/dailynews/arrow-electronics-provides-credit-facility-for-mydx/
Ya well it's expected. This leads me to what I was saying about financials. With a 60-to 180 day net repayment they can structure the quarterly reports to benefit from this.
Here is the original credit line information from last June. It has been increased substantially and no I cannot say how much exactly. This figure is 400k at wholesale production costs.
https://www.linkedin.com/pulse/mydx-manufacturing-pact-arrow-electronics-harry-tajyar
No it obviously is not a share agreement. Arrow is worth several billion and they manufacturer. The line of credit is so MYDX does not expend resources stocking product. Info is on there website and if you have google in a couple articles. But here is a link. This company is called MYDX.
http://ir.cdxlife.com/press-releases/detail/34/mydx-announces-supply-chain-manufacturing-agreement-with
Arrow issued MYDX a substantial line of credit due to 2017 sales projections based on existing orders.
I wouldn't be surprised with after hour news here...
I think the individuals left here have done actual DD and know what the prospects are for MYDX
Don't discount the possibility. Especially prior to end of session or after hours. Would help carry it till mid April.
Right on!
Agreed. And we got rid of many the last few days. I don't think we will see much dipping.
You know full well this is a NASDAQ bound company so it doesn't apply here but until the base is more traditional traders the mob can swing it
Not meaning it offensive but I would expect nothing else from a chart guy. I use charts, even yours for what it is good for but here I know this CEO he does not care about your chart. His focus is on his product. That is why other OTC's are in the 4th year of start up and he has a product selling.
Yes in real stock market I fully agree but you know full well OTC is like throwing darts.
Clay's chart is exactly that, a chart. If it was a crystal ball he would have predicted the rise and the fall of every OTC stock. Just looking at the a$$ end of the cart...
EXACTLY. Wait to see if news is in fact put out. Most here have already forgotten that they spent much of Feb and Mar dealing with a court battle and won. Do you honestly think that may not have delayed the filing????
Wait to see if news is in fact put out. Most here have already forgotten that they spent much of Feb and Mar dealing with a court battle and won. Do you honestly think that may not have delayed the filing????
Myself as well. Even filled for them.
Yes and that is why I ran the charts on this. It keeps trying to act like a real stock.
You are right about flipping it but you can't get enough share size to make any real money. Well I guess thats relative to what you consider real money though
Very true
I take charting these stocks with a grain of salt but I noticed this as well. Good catch
I believe it is the rumors I have heard about their other product lines receiving larger orders. Once this is no longer considered just MJ and it will move fast.
It isn't unrealistic that the court case pulled enough time away that they couldn't finish on time.
Well technically possible I guess but if you can't get the annual done how did you get the 1st quarter done?
Agreed. Anyone who knows what they are looking at can determine where this company's true PPS should be in relation to all factors.
I don't think the 4th quarter is going to be exceptional from a cash happy point of view but if they had a significant number of orders, because of the Arrow agreement they could get creative with the carry over.
I wouldn't rule out PR tomorrow if perception is bad though. Honestly if it were me I would blame the court proceedings because it was probably a distraction. However I don't believe the core investors in here give a damn about waiting 15 more days because it happens regularly.
Not in the real world but this is OTC so we will see. If your here long term not at all though. I believe it was a good thing we shook out a lot on those red days. The majority left are probably a little more seasoned and will be able to read and understand.
Realistically P&L's for a 4 year old start up company creating new tech from scratch should be expected to show, debt of all types, profits possibly but most likely not, assets in various forms which in this case could also consider patents and most important would show proper use of all the above. This is where you go from great idea to bankrupt. The fact that they have been successfully chipping away at the "toxic debt" is a plus. Being in a position to take on one of these finance companies in court and winning also says we don't need you anymore.