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CDEL HAS MOVED TO .0017 ............WHY WOULD THE COMPANY OFFER THE S-8 TO EMPLOYEE AT MAX SHARE PRICE OF .0017.............THEMSELVES, MYDX SHARES FIXED AT .0017 MAX PRICE, REPORTED IN THE REQUIRED SEC DOCUMENT..........CHS
SHORTS SEEM TO HAVE UNLIMITED RESOURCES, THOSE FEW .0017'S ARE DEMANDING YOU TO SELL YOUR POSITION AT .0016, CDEL HOLDING AT .0019........CHS
FLIPPER'S ARE CURRENTLY TAKING CONTROL FROM TODAYS SHORTING POSITIONS, WE COULD SEE MYDX TURN EVEN BY CLOSING BELL .....CHS
AT .0019...CDEL, WHERE'O'WHERE IS YOUR 10K, YOUR 20K OR YOUR 40K, JUST 1 MILLION 700 THOUSAND AND A FLIPPER WITH 1 MILLION TO .002.................THE PUMP IS COMING AND UPDATE NEWS OF THE CHINA DEAL, (MASS MANUFACTERING)...........ALL MY OPINION...CHS
CDEL NOW AT .0019......TOO ALL THAT DUMPED THEIR POSITION AT .0017, IN PENNY STOCK TRADING "MONEY OFTEN, ALMOST ALWAYS SHOWS THE ULGY FACE, DON'T FACE REGRET...GET BACK IN, MYDX AT .0018......ALL MY OPINION, CHS
THESE .0017'S SOLD TODAY ARE NOT CDEL'S SHARES, UNBELEIVER'S IN MYDX ARE SELLING THEIR POSITION AND SOON WILL BE OUT, WIPED OUT FROM THE COMING MONSTER BULL RUN SPARKED FROM NEWS OF THE ONGOING CHINA DEAL......MY OPINION OF MYDX, CHS
GET THOSE 0017'S, .0018'S NOW, COULD BE THE LAST SOLD, CDEL IS ALMOST OUT OF SHARES AND CURRENTLY, WITH VOLUME COULD NOT STOP A BULL RUN RALLY...........CHECK THE CHART, SO MUCH DEBT'S ALREADY PAID....COMING NEWS OF THE FIVE YEAR CHINA DEAL REPORTED TO BE WORTH 4 MILLION PLUS WILL BOUNCE THIS SKYHIGH.........0017'S ARE CHEAPER THAN CHEAP, OVERSOLD BY CDEL DUMPING, NOT REFLECTING THE TRUE VALUE OF MYDX...........ALL MY OPINION, CHS
FOR A FEW DAYS NOW, CDEL HAS NOT CHASED THE BID DOWNWARDS.........A SIGN THEIR SHARES ARE THINNING, STEADY BULLISH BUYING WILL SOON PRODUCE A SHARP UPWARD MOVEMENT....ALL MY OPINION, CHS
Settlement Agreement and General Release
January 11th, 2017........................................................................................
“3.1 TIME AND MANNER OF PAYMENTS. Except as otherwise provided herein, all payments of principal, interest and commitment and other fees shall be made to Lender in immediately available funds for the account of Lender, on or before the three (3) year anniversary of the date of this Agreement. Notwithstanding the foregoing, all monthly interest payments accruing subsequent to the effective date of this Agreement (December 10, 2015) shall come due in a single lump sum payment on due June 1, 2017, unless sooner paid, in all or in part, in the discretion of the Company. Subsequent to June 1, 2017, all monthly interest payments that accrue shall be payable on the first (1st) day of next month during the remainder of the Commitment Period, and as otherwise required in this Agreement. The aggregate unpaid amount of Loans set forth on the records of Lender shall be rebuttable evidence of the principal and interest owing and unpaid on each Note.”..............................................................................IN OTHER WORDS, MYDX MUST PAY ALL PAST DUE INTEREST PAYMENTS, ABOUT $40,000 BY JUNE 1 2017........PRINCIPAL OF $200,000, DUE 2020.........THOSE 3.5 BILLION MYDX SHARES WERE PLACED IN ESCROW, NOT GIVEN AS PAYMENT TO YCIG ---------------MYDX HAS DEFERRED TILL JANUARY 11, 2020, 200,000 DOLLARS OF DEBT
TO SETTLE A LOAN AGREEMENT DATED DEC 10, 2015......$224,040, MYDX HAS PLACED 3,500,000,000 SHARES IN ESCROW ACCOUNT TO SATISFY THIS DEFAULT NOTE,PREFERRED MYDX SHARES ARE ALSO INVOLVED...................................................................................................DEMAND LETTER dated January 3, 2017
Tuesday, January 03, 2017
Lender:
YCIG, Inc.
5574 Caminito Consuelo
La Jolla, CA 92037
RE: Payment
Demand
Borrower: MyDx, Inc.
Loan Type: Loan Agreement Dated December 10, 2015
Dear Sir or Madam:
The YCIG loan agreement referenced above is currently in default pursuant to Section 4.2.3, 5.1 and 5.2 pursuant to the Notes for failure to make monthly interest payments to YCIG as was originally contemplated.
The following tables outlines principle and interest due and outstanding as of December 31, 2016. Please kindly make a payment towards this account as soon as possible.
Date of Funding Beg principal Amount Paid Ending Principal Date Paid Repay Date Interest Rate Accum Interest
29-Sep-15 25,000.00 25,000.00 0.00 2-Jun-16 31-Dec-16 12 % $ 2,058.33
28-Oct-15 25,000.00 25,000.00 0.00 2-Jun-16 31-Dec-16 12 % $ 1,816.67
4-Nov-15 25,000.00 25,000.00 0.00 2-Jun-16 31-Dec-16 12 % $ 1,758.33
13-Nov-15 25,000.00 10,000.00 15,000.00 6-Apr-16 31-Dec-16 12 % $ 2,760.00
20-Nov-15 25,000.00 25,000.00 0.00 4-Oct-16 31-Dec-16 12 % $ 2,658.33
1-Dec-15 25,000.00 25,000.00 31-Dec-16 12 % $ 3,300.00
2-Dec-15 25,000.00 25,000.00 31-Dec-16 12 % $ 3,291.67
6-Apr-16 10,000.00 10,000.00 31-Dec-16 12 % $ 896.67
27-Apr-16 25,000.00 25,000.00 31-Dec-16 12 % $ 2,066.67
20-Jul-16 25,000.00 25,000.00 31-Dec-16 12 % $ 1,366.67
8-Aug-16 25,000.00 25,000.00 31-Dec-16 12 % $ 1,208.33
19-Sep-16 25,000.00 25,000.00 31-Dec-16 12 % $ 858.33
1-Dec-16 25,000.00 25,000.00 31-Dec-16 12 % $ 250.00
Total $ 200,000.00 $ 24,040.00
Total Owed $ 224,040.00
Sincerely,
Loan Servicing Agent
Search Law Insider
Escrow Agreement
Escrow Agreement
January 11th, 2017
MyDx, Inc.
Escrow Agreement
California
Nevada
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Exhibit 10.3
ESCROW AGREEMENT
THIS ESCROW AGREEMENT (the “Escrow Agreement”) is dated as of Decemebr 23, 2016 by and among (i) MyDx, Inc., a Nevada corporation ("MYDX" and individually a “Party”), (ii) YCIG, Inc. “YCIG” and inidvidually a “Party”), and (iii) Nevada Agency and Transfer Company, a Nevada Corporation (the “Escrow Agent or NAT” and individually a “Party”). MyDX, YCIG and the Escrow Agent may hereinafter be referred to collectively as the “Parties.”
RECITALS
WHEREAS, on or about December 23, 2016, YCIG and MyDX entered into a Securities Purchase Agreement (the “Purchase Agreement”);
WHEREAS, pursuant to the terms of the Purchase Agreement, YCIG purchased shares of the Company’s Series B Preferred Stock (the “Preferred Shares”) which rights, preferences and priviliges are outlined in the Certificate of Designation filed with the Nevada Secretary of State (the “Certificate of Designation”)(the Purchase Agreement, the Certificate of Designation and this Escow Agreement may be collectively referred to hereinafter as the “Transaction Documents”);
WHEREAS, pursuant to the terms of the Transaction Documents, MYDX is required to deposit into escrow 3,500,000,000 shares of MYDX’s common stock (the “Purchase Agreement Shares Pool”) which shall be held in the Escrow Agent’s name and disbursed to YCIG, at the sole discretion and election of YCIG, pursuant to the terms of the Transaction Documents;
WHEREAS, pursuant to the Transaction Documents, the Preferred Shares may be converted, in whole or in part, into shares of MYDX’s common stock (the “Common Stock”) held in the Purchase Agreement Shares Pool;
WHEREAS, the Escrow Agent is willing to serve as escrow agent pursuant to the terms and conditions of this Escrow Agreement;
DY____MYDX
DY____YCIG ______Escrow Agent
Page 1 of 8
AGREEMENT
NOW, THEREFORE, in consideration of the mutual covenants and other agreements described in this Escrow Agreement, and for good and valuable consideration, receipt of which is hereby acknowledged, the Parties hereby agree as follows:
ARTICLE I
DELIVERIES TO THE ESCROW AGENT
1.1 MYDX Deliveries. Upon execution of this Escrow Agreement, MYDX shall deliver the Purchase Agreement Shares Pool to the Escrow Agent as follows:
Issued in the Name of: Certificate to be Delivered to:
MyDX Reserve and Nevada Agency and Transfer Company as Escrow Agent (Escrow No. NAT-2100)
Reserved by MYDX
1.2 Intention to Create Escrow. MYDX and YCIG intend that the Purchase Agreement Shares Pool shall be held in escrow by the Escrow Agent pursuant to this Escrow Agreement for the sole benefit of YCIG as set forth herein.
1.3 Escrow Agent Deliveries. The Escrow Agent shall hold and release the Purchase Agreement Shares Pool only in accordance with the terms and conditions of this Escrow Agreement.
1.4 Ownership and Dispositive Rights. All Purchase Agreement Shares Pool shall be deemed owned and under the dispositive and voting control of the Escrow Agent until released (and, once released, deemed owned by the person to whom released) from escrow, for purposes of Section 13 and Section 16 of the Securities Exchange Act of 1934, as amended.
ARTICLE II
RELEASE OF ESCROWED ITEMS
2.1 Disbursement of Purchase Agreement Redemption Shares. Pursuant to the Transaction Documents, YCIG has the sole right, discretion and authority to either redeem or convert the Preferred Shares into shares of Common Stock from the Purchase Agreement Shares Pool (such shares shall be referred to hereinafter as the “Redemption Shares”). The Escrow Agent shall release to YCIG the Redemption Shares from the Purchase Agreement Shares Pool upon YCIG delivery to the Escrow Agent of a notice of conversion (a “Redemption Demand” a form of which has been attached hereto as Exhibit A) which shall state: (i) the number of Redemption Shares being converted from the Purchase Agreement Shares Pool; and (ii) the current balance of the Purchase Agreement Shares Pool remaining in escrow after each Redemption Demand. With respect to release of the Redemption Shares to YCIG, the sole requirement for the release of the Redemption Shares shall be that an Exhibit A Redemption Demand shall have been completed, executed and delivered to the Escrow Agent by YCIG. The Escrow Agent shall be authorized to release such Redemption Shares upon the receipt of such Redemption Demand.
DY____MYDX
DY____YCIG ______Escrow Agent
Page 2 of 8
2.2 Court Order to Release Escrow. Notwithstanding the above, upon receipt by the Escrow Agent of a final and non-appealable judgment, order, decree or award of a court of competent jurisdiction (a "Court Order"), the Escrow Agent shall deliver the Purchase Agreement Shares Pool in accordance with the Court Order. Any Court Order shall be accompanied by an opinion of counsel for the Party presenting the Court Order to the Escrow Agent to the effect that the court issuing the Court Order has competent jurisdiction and that the Court Order is final and non-appealable.
2.3 Acknowledgement of YCIG, MYDX and Escrow Agent; Disputes. The Parties acknowledge that the only terms and conditions upon which the Purchase Agreement Shares Pool are to be released are set forth in this Escrow Agreement. Any dispute with respect to the release of Purchase Agreement Shares Pool shall be resolved pursuant to this Escrow Agreement or by agreement between YCIG and MYDX.
ARTICLE III
CONCERNING THE ESCROW AGENT
3.1 Duties and Responsibilities of the Escrow Agent. The Escrow Agent's duties and responsibilities shall be subject to the following terms and conditions:
(a) The Parties acknowledge and agree that the Escrow Agent (i) once in receipt of a Redemption Demand from YCIG, shall not be responsible for or bound by, and shall not inquire into whether YCIG is entitled to receipt of Purchase Agreement Shares Pool pursuant to, any other agreement or otherwise; (ii) shall not be responsible for, or have any duty to inquire into, or be required to enforce any of the terms and provisions of the Transaction Documents other than this Escrow Agreement; (iii) shall be obligated only for the performance of such duties as are specifically assumed by the Escrow Agent pursuant to this Escrow Agreement; (iv) may rely on and shall be protected in acting or refraining from acting upon any written notice, instruction, instrument, statement, request or document furnished to it hereunder and believed by the Escrow Agent in good faith to be genuine and to have been signed or presented by the proper person or Party, without being required to determine the authenticity or correctness of any fact stated therein or the propriety or validity or the service thereof; and (v) may assume that any person believed by the Escrow Agent in good faith to be authorized to give notice or make any statement or execute any document in connection with the provisions hereof is so authorized.
(b) Without limiting the foregoing, the Escrow Agent shall not be responsible for, or have any duty to inquire into, monitor or enforce obligations between MYDX and YCIG as to whether there was support or justification for the Escrow Agent to act in accordance with written instructions of YCIG in attached Exhibit A or any written alternative acceptable to Escrow Agent that included (with anything else) the material or content of Exhibit A.
(c) In the event of the Escrow Agent’s resignation and/or termination, YCIG will issue to the Escrow Agent instructions authorizing delivery of the Purchase Agreement Shares Pool to a substitute Escrow Agent selected by the YCIG. If no successor Escrow Agent is named by YCIG, the Escrow Agent may apply to a court of competent jurisdiction for appointment of a successor Escrow Agent, and to deposit the Purchase Agreement Shares Pool with the clerk of any such court.
DY____MYDX
DY____YCIG ______Escrow Agent
Page 3 of 8
(d) The provisions of this Section shall survive the resignation of the Escrow Agent or the termination of this Escrow Agreement.
3.2 Dispute Resolution: Judgments. If any dispute shall arise with respect to the delivery, ownership, right of possession or disposition of the Purchase Agreement Shares Pool, the Escrow Agent shall continue to follow the terms of the Escrow Agreement and issued shares of MYDX’s Common Stock pursuant to a Redemption Demand unless the Escrow Agent (i) recieves Joint Instruction from MYDX and YCIG, or (ii) deposits the Purchase Agreement Shares Pool with any court of competent jurisdiction in California, in which event the Escrow Agent shall give written notice thereof to MYDX and YCIGand shall thereupon be relieved and discharged from all further obligations pursuant to this Escrow Agreement.
3.3 Maximum Conversion. The Escrow Agent shall not issue to YCIG upon a Redemption Demand a number of shares of MYDX’s Common Stock which would result in beneficial ownership by YCIGand its affiliates of more than 4.99% of the outstanding shares of Common Stock of MYDX on the date of such a Redemption Demand, unless the Escrow Agent receives specific instruction from YCIGallowing such an issuance in excess of 4.99% of the outstanding shares of Common Stock of MYDX. For the purposes of the provision to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Regulation 13d-3 thereunder.
ARTICLE IV
GENERAL MATTERS
4.1 Termination. This escrow shall terminate upon the release of all shares held in the Purchase Agreement Shares Pool or at any time upon the agreement in writing of MYDX and YCIG.
DY____MYDX
DY____YCIG ______Escrow Agent
Page 4 of 8
4.2 Notices. All notices, requests, demands or other communications required or permitted hereunder shall be in writing and shall be delivered personally, or sent by telecopier machine or by a nationally recognized overnight courier service, and shall be deemed given when so delivered personally, or by telecopier machine or overnight courier service as follows:
To the Escrow Agent at:
Nevada Agency and Transfer Company
50 West Agency and Transfer Company
To MYDX at:
MyDx
6335 Ferris Square Suite B
San Diego, Ca 92121
To YCIG at:
YCIG, Inc.
info@yazbeckinvestments.com
4.3 Assignment; Binding Agreement. Neither this Escrow Agreement nor any right or obligation hereunder shall be assignable by any Party without the prior written consent of YCIG. This Escrow Agreement shall enure to the benefit of and be binding upon the Parties hereto and their respective legal representatives, successors and assigns.
4.4 Severability. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal, or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions contained herein shall not be in any way impaired thereby, it being intended that all of the rights and privileges of the Parties hereto shall be enforceable to the fullest extent permitted by law.
4.5 Counterparts/Execution. This Escrow Agreement may be executed in any number of counterparts and by different signatories hereto on separate counterparts, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute but one and the same instrument. This Escrow Agreement may be executed by facsimile transmission and delivered by facsimile transmission.
4.6 Entire Agreement. This Escrow Agreement constitutes the entire agreement between the Parties hereto pertaining to the Purchase Agreement Shares Pool and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the Parties. There are no warranties, representations and other agreements made by the Parties in connection with the subject matter hereof except as specifically set forth in this Escrow Agreement.
4.7 Waivers and Amendments. This Escrow Agreement may be amended, modified, superseded, cancelled, renewed or extended, and the terms and conditions hereof may be waived, only by a written instrument signed by all Parties, or, in the case of a waiver, by the Party waiving compliance. Except as expressly stated herein, no delay on the part of any Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof, nor shall any waiver on the part of any Party of any right, power or privilege hereunder preclude any other or future exercise of any other right, power or privilege hereunder.
DY____MYDX
DY____YCIG ______Escrow Agent
Page 5 of 8
4.8 Headings. The division of this Escrow Agreement into articles, sections, subsections and paragraphs and the insertion of headings are for convenience of reference only and shall not affect the construction or interpretation of this Escrow Agreement.
4.9 Law Governing this Agreement. This Escrow Agreement shall be governed by and construed in accordance with the laws of the State of California without regard to principles of conflicts of laws. Any action brought by any Party against the other concerning the transactions contemplated by this Escrow Agreement shall be brought only in the state courts of California or in the federal courts located in the state of California. All Parties and the individuals executing this Escrow Agreement agree to submit to the jurisdiction of such courts and waive trial by jury. The prevailing party (which shall be the Party which receives an award most closely resembling the remedy or action sought) shall be entitled to recover from the other Party its reasonable attorney's fees and costs.
4.10 Specific Enforcement, Consent to Jurisdiction. The Parties acknowledge and agree that irreparable damage would occur in the event that any of the provisions of this Escrow Agreement were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that the Parties shall be entitled to an injuction or injunctions to prevent or cure breaches of the provisions of this Escrow Agreement and to enforce specifically the terms and provisions hereof or thereof, this being in addition to any other remedy to which any of them may be entitled by law or equity. MYDX, and YCIG hereby waives, and agrees not to assert in any such suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of such court, that the suit, action or proceeding is brought in an inconvenient forum or that the venue of the suit, action or proceeding is improper. Nothing in this Section shall affect or limit any right to serve process in any other manner permitted by law.
SIGNATURE PAGE FOLLOWS
DY____MYDX
DY____YCIG ______Escrow Agent
Page 6 of 8
SIGNATURE PAGE
IN WITNESS WHEREOF, the Parties have duly executed this Escrow Agreement as of the day and year first written above.
MYDX, Inc. :
YCIG, Inc:
By: /s/ Daniel Yazbeck By: /s/ Daniel Yazbeck
Daniel Yazbeck Daniel Yazbeck
Its: Chief Executive Officer Its: President
ESCROW AGENT
NEVADA AGENCY AND TRUST COMPANY
By:
Its:
A FACSIMILE COPY OF THIS ESCROW AGREEMENT SHALL HAVE THE SAME
LEGAL EFFECT AS AN ORIGINAL OF THE SAME
DY____MYDX
DY____YCIG ______Escrow Agent
Page 7 of 8
EXHIBIT A
Redemption Demand
Dated _______________
Pursuant to the terms of the Escrow Agreement by between (i) MyDx, INC., a Nevada corporation ("MYDX"), (ii) YCIG, Inc. (“YCIG”), and (iii) Nevada Agency and Transfer Compmay, (the “Escrow Agent”). YCIG hereby demands the issuance of _____________________ shares of MYDX’s common stock (the “Purchase Agreement Redemption Shares”) to be issued in the name of _____________________and delivered to the following:
Name
Address
Number of Shares to be Issued…………………………..
Remaining Shares……………………………….
Please send the certificate representing the shares via Federal Express overnight delivery using Federal Express Account No.________________.
Very truly yours,
DY____MYDX
DY____YCIG ______Escrow Agent
Page 8 of 8
Search Law Insider
BARBARA K. CEGAVSKE Secretary of State
January 11th, 2017
MyDx, Inc.
Nevada
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Exhibit 3.1
BARBARA K. CEGAVSKE
Secretary of State
202 North Carson Street
Carson City, Nevada 89701-4201
(775) 684-5708
Website: www.nvsos.gov
Certificate of Designation
(PURSUANT TO NRS 78.1955)
Filed in the office of
/s/ Barbara K. Cegavske
Document Number
20160557854-63
Barbara K. Cegavske Filing Date and Time
Secretary of State 12/23/2016 8:38 AM
State of Nevada Entity Number
E0653232012-4
USE BLACK INK ONLY - DO NOT HIGHLIGHT ABOVE SPACE IS FOR OFFICE USE ONLY
Certificate of Designation For
Nevada Profit Corporations
(Pursuant to NRS 78.1955)
1. Name of corporation:
MyDx, Inc.
2. By resolution of the board of directors pursuant to a provision in the articles of incorporation this certificate establishes the following regarding the voting powers, designations, preferences, limitations, restrictions and relative rights of the following class or series of stock.
Series A Preferred Stock
(see attached)
3. Effective date of filing: (optional)
(must not be later than 90 days after the certificate is filed)
4. Signature: (required)
Signature of Officer
Filing Fee: $175.00
IMPORTANT: Failure to include any of the above information and submit with the proper fees may cause this filing to be rejected.
This form must be accompanied by appropriate fees. Nevada Secretary of State Stock Designation
Revised 1-5-15
MYDX, INC.
CERTIFICATE OF DESIGNATIONS,
PREFERENCES AND RIGHTS OF
SERIES A PREFERRED STOCK,
$0.001 PAR VALUE PER SHARE
MyDx, Inc., a corporation organized and existing under the laws of the State of Nevada (the “Corporation”), hereby certifies that the following resolution was adopted by the Board of Directors of the Corporation (the “Board”) on December 22, 2016, in accordance with the provisions of its Amended and Restated Articles of Incorporation (as amended, the “Articles of Incorporation”) and bylaws. The authorized series of the Corporation’s previously-authorized preferred stock shall have the following preferences, privileges, powers and restrictions thereof, as follows:
RESOLVED, that pursuant to the authority granted to and vested in the Board in accordance with the provisions of Articles of Incorporation, the Board hereby authorizes a series of the Corporation’s previously authorized preferred stock (the “Preferred Stock”), and hereby states the designation and number of shares, and fixes the relative rights, preferences, privileges, powers and restrictions thereof as follows:
I. NAME OF THE CORPORATION
MyDx, Inc.
II DESIGNATION AND AMOUNT; DIVIDENDS
A. Designation. The designation of said series of preferred stock shall be Series A Preferred Stock, $0.001 par value per share (the “Series A Preferred Stock”).
B. Number of Shares. The number of shares of Series A Preferred Stock authorized shall be fifty-one (51) shares. Each share of Series A Preferred Stock shall have a stated value equal to $0.001 (as may be adjusted for any stock dividends, combinations or splits with respect to such shares) (the “Series A Stated Value”).
C. Dividends. The Series A Preferred Stock is not entitled to dividends.
III. LIQUIDATION RIGHTS
There are no Liquidation Rights associated with the Series A Preferred Stock.
IV. CONVERSION
Each share of Series A Preferred Stock shall be convertible into one (1) fully paid and nonassessable share of Common Stock (as defined below) at the option of the holder hereof at any time upon written notice to the transfer agent of the Corporation.
V. RANK
All shares of the Series A Preferred Stock shall rank (i) senior to the Corporation’s common stock, par value $0.001 per share (“Common Stock”), and any other class or series of capital stock of the Corporation hereafter created, except as otherwise provided in clauses (ii) and (iii) of this Article V, (ii) pari passu with any class or series of capital stock of the Corporation hereafter created and (iii) junior to any class or series of capital stock of the Corporation hereafter created specifically ranking, by its terms, senior to the Series A Preferred Stock, in each case as to distribution of assets upon liquidation, dissolution or winding up of the Corporation, whether voluntary or involuntary.
VI. VOTING RIGHTS
Each one (1) share of the Series A Preferred Stock shall have voting rights equal to (x) 0.019607 multiplied by the total issued and outstanding shares of common stock of the Company eligible to vote at the time of the respective vote (the “Numerator”), divided by (y) 0.49, minus (z) the Numerator. For purposes of illustration only, if the total issued and outstanding shares of common stock of the Company eligible to vote at the time of the respective vote is 5,000,000, the voting rights of one share of the Series A Preferred Stock shall be equal to 102,036 (0.019607 x 5,000,000) / 0.49) — (0.019607 x 5,000,000) = 102,036).
With respect to all matters upon which stockholders are entitled to vote or to which stockholders are entitled to give consent, the holders of the outstanding shares of Series A Preferred Stock shall vote together with the holders of Common Stock without regard to class, except as to those matters on which separate class voting is required by applicable law or the Corporation’s Articles of Incorporation or by-laws.
VII. PROTECTION PROVISIONS
So long as any shares of Series A Preferred Stock are outstanding, the Corporation shall not, without first obtaining the unanimous written consent of the holders of Series A Preferred Stock, alter or change the rights, preferences or privileges of the Series A Preferred Stock so as to affect adversely the holders of Series A Preferred Stock.
Should any holder of Series A Preferred Stock cease to be an officer or director of the Company at any time and for any reason, such holders’ Series A Preferred Stock shall be immediately cancelled.
VIII. RESERVATION OF STOCK
The Corporation shall at all times reserve and keep available out of its authorized but unissued shares of Common Stock, solely for the purpose of effecting the conversion of the shares of Series A Preferred Stock, such numbers of its shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding shares of Series A Preferred Stock into shares of Common Stock.
2
IX. MISCELLANEOUS
A. Status of Redeemed Stock. In case any shares of Series A Preferred Stock shall be redeemed or otherwise repurchased or reacquired, the shares so redeemed, repurchased, or reacquired shall resume the status of authorized but unissued shares of preferred stock, and shall no longer be designated as Series A Preferred Stock.
B. Lost or Stolen Certificates. Upon receipt by the Corporation of (i) evidence of the loss, theft, destruction or mutilation of any Series A Preferred Stock Certificate(s) and (ii) in the case of loss, theft or destruction, indemnity (with a bond or other security) reasonably satisfactory to the Corporation, or in the case of mutilation, the Series A Preferred Stock Certificate(s) (surrendered for cancellation), the Corporation shall execute and deliver new Series A Preferred Stock Certificates.
C. Waiver. Notwithstanding any provision in this Certificate of Designation to the contrary, any provision contained herein and any right of the holders of Series A Preferred Stock granted hereunder may be waived as to all shares of Series A Preferred Stock (and the holders thereof) upon the unanimous written consent of the holders of the Series A Preferred Stock.
D. Notices. Any notices required or permitted to be given under the terms hereof shall be sent by certified or registered mail (return receipt requested) or delivered personally, by nationally recognized overnight carrier or by confirmed facsimile transmission, and shall be effective five (5) days after being placed in the mail, if mailed, or upon receipt or refusal of receipt, if delivered personally or by nationally recognized overnight carrier or confirmed facsimile transmission, in each case addressed to a party as set forth below, or such other address and telephone and fax number as may be designated in writing hereafter in the same manner as set forth in this Section.
If to the Corporation:
MyDx, Inc.
6335 Ferris Square
Suite B
San Diego, CA 92121
Attention: Daniel R. Yazbeck, CEO and CFO
If to the holders of Series A Preferred Stock, to the address listed in the Corporation’s books and records.
[-Signature page follows-]
3
IN WITNESS WHEREOF, the undersigned has signed this certificate as of the 22nd day of December, 2016.
MYDX, INC.
By: /s/ Daniel R. Yazbeck
Name: Daniel R. Yazbeck
Title: Chief Executive Officer and
Chief Financial Officer
4
I CAN SEE AT LEAST 500 MILLION DAY VOLUME, AT LEAST TWO MILLION DOLLARS TRADING SOON............MY OPINION CHS 2/9/17
"THE PUMP IS COMING" I CAN'T SAY FROM WHERE, I'VE BEEN FOLLOWING THIS ALL DAY, THE NUMBERS ARE SCREAMING RALLY--------WAY, WAY MUCH DEBT HAS ALREADY BEEN PAID, CURRENTLY MYDX IS CHEAPER THAN CHEAP.....MY VIEW IS "THE SMARTEST MONEY IS AND HAS BEEN BUYING, AND WILL PROTECT THEIR INVESTMENTS, SEE ALL WEAK HANDS AND CDEL DONE...........MY VIEW CHS
GREAT ENTRY POINT, MUCH BETTER THAN MY POSITION, NO MATTER MYDX WILL COVER US BOTH.....MY OPINION CHS
"""GUYS THE PUMP IS COMING"""", STRONG BASE CURRENTLY AT .0015, ONLY CDEL THEN CLEAR STRAIGHT UP RALLY,,LONG LONG WAY TO RUN......BULL RUN AHEAD....MY OPINION CHS
OTC, LOOKS LIKE YOU AND ME ARE THE ONLY ONES HERE, WOULD BE NICE TO HEAR A LADYFRIEND'S COMMENTS, FOR SOME TIME PEII HAS APPEARED AS AN EMPTY BAG, ALMOST ALWAYS TRADED LIKE THE WORST SCAM FOR ALL WHO BOUGHT IN, WARREN BUFFETT MADE TWO COMMENTS ABOUT PURCHASING STOCK,,,,,,,,,I CAN'T REMEMBER HIS FIRST ONE, HIS SECOND ADVICE WAS'''''WHEN PURCHASING STOCK, ALWAYS BUY THE ONE PEOPLE HATE'''''AND I DID....GOOD LUCK HERE '''OTC'''
CAN U SMELL IT....THAT'S SOME SHORT'S FLESH SMOKING, SOON TO BE BURNING........THE MYSTERY OF MYDX IS CONTAINED IN THAT CT ORDER
BIDS ARE NOW REBUILDING AT .0016.......ASK IS CURRENTLY BEING EATEN UP, LOOKOUT SHORTS
FIRST, CRUDE OIL MUST RALLY AND HOLD WELL OVER $60 A BARREL, VERY POSSIBLE WITH TIME, SECOND, OWNER DANIEL VESCO AND FORMER PETRON CEO FLOYD SMITH, TOGETHER CURRENTLY HOLDING AT LEAST 2.5 MILLION PERFERRED SERIES B PETRON II SHARES($1.00 FACE VALUE)------MOST CONVERTABLE DEBT HAS BEEN PAID---REMAINING CD SHARES AT .0002,.0003--------1.5 BILLION OUTSTANDING---FLOAT AROUND 1.1 BILLION..........................................................................................................................................WITH LITTLE OR NO INCOMING REVENUE, EVERY PASSING DAY EMPLOYEE SALARIES ARE DRAINING ANY REMAINING COMPANY ASSETS
CURRENTLY (PJET) STILL POSTS A FOUR-PLUS MILLION AFTER HOURS BID................
PRIORITY AVIATION INC COM PJET: OTC Pink - Current Information
EXTENDED HOURS:
Last: 0.000 Change: 0.000 (0.00%) Bid: 0.0021 x4,000,000 Ask: 0.0027 x180,000 Extended Hours:
Real Time Extended Hours Quote Last Trade as of --
Last Price Today’s Change Bid (Size) Ask (Size) Day’s Range Volume Trade
0.0027 +0.0009 (+50.00%) 0.0021 x4,000,000 0.0027 x180,000 0.0018 - 0.00302 15,636,681
.....................
SPECULATING IN THIS SEC 8-K REPORTING CURRENTLY MONEY-MAKING COMPANY THAT HAS NOT DILUTED ITS SHARES INTO IT'S 50 MILLION FLOAT, CURRENTLY SELLING AT 4 SHARES A PENNY..........(PJET) REPORTED OVER 200 THOUSAND DOLLARS PROFIT IN LAST REPORTING QUARTER, MAY 2015, EVERYTHING ELSE HERE CURRENTLY IS SPECULATION........AWAITING COMPANY UPDATES, TODAY A SOLID BET TO RALLY UPWARD.........CHS1**
WITH NO DILUTION INTO THIS TINY FLOAT......(PJET) SELLING AT THIS CHEAP-ASK SHARE PRICE AND ALMOST NO LOOSE SHARES AROUND THE BIDS CAN ONLY GROW UPWARD IN VOLUME.............CHS1*
TODAY THE BIGGER BOYS GOBBLED UP ANY REMAINING LOOSE SHARES, NEXT WEEK THE NEW TRADING CHART WILL LOOK LIKE THE OLD PJET RALLY TRADING CHART......CHS1
PJET........WILL BE A MUTIDAY RUNNER,,,,SAAVY DAYTRADER FLIPPING, TWICE, SOME THREE TIMES TODAY SAPPED TODAY'S THE BID SUPPORT, FACT REMAINS PJET CURRENTLY IS A (SEC 8K) REPORTING PROFITABLE SUCCESSFUL COMPANY,,,,,,,,,SELLING AT 4 SHARES A PENNY-----EVERYTHING ELSE IS SPECULATION,,,,,,,WITH NO DETECTABLE DILUTION HERE, VERY LOW FLOAT, POSITIVE NEWS SENDS THIS TO PENNIES......CHS1
DAYTRADE FLIPPING PREVENTED 50% GAIN TODAY.....CREATING MUCH STRONGER BASE FOR A MUTIDAY RUNNER.............(PJET) SUCCESSFUL PROFITABLE COMPANY...............CHS1
UNANNOUNCED (PJET) AD CAMPAIGN, CURRENTLY IN PROGRESS................................CHS1
(PJET).....PRIORITY ONE JETS......UNDER 100 MILLION OUTSTANDING ISSUED AND CURRENTLY SELLING AT .0015(VERY NEAR 52 WEEK LOW)..... IS CURRENTLY RUNNING ADS ON THE WEB NATION-WIDE FOCUSED AROUND WEATHER CHANNELS, (ACCU-WEATHER) FOR ONE...........UNANNOUNCED NEWS AT THIS MOMENT.............................CHS1
PRIORITY ONE JETS IS CURRENTLY RUNNING NATION-WIDE ADS ON THE WEB FOCUSED AROUND WEATHER CHANNELS...........(ACCU-WEATHER) FOR ONE....UNANNOUNCED (PJET) AD CAMPAIGN, CURRENTLY IN PROGRESS................................CHS1
Priority One Jets - Set To Soar?
Jun. 2, 2015 10:29 AM ET | 2 comments | About: Priority Aviation, Inc. (PJET)
Disclosure: The author is long PJET. (More...)
Summary
•Priority One Jets is a nano-cap company worthy of careful due diligence.
•Many nano-cap companies report vague, inadequate filings so they can pretend to be viable businesses, not so for Priority One Jets.
•Operations are profitable, but caveats remain.
I was reluctant to review the prospects for a public company that trades in penny valuations. Investors can view such analyses with a jaundiced eye, perhaps justifiably so, given the level of risk assigned. However, after doing my homework and speaking to company representatives, I can state without reservation that Priority One Jets (OTCPK:PJET) stands out among its cohort, for two reasons:
1- It is a real business, a fully functioning operation with a strong revenue base ($1.75M Gross Revenue last quarter) and current, thorough filings.
2 - New management has taken their SEC reporting from non-existent to fully transparent in remarkable fashion. One would be hard-pressed to find a micro-cap company that presents financial reports with the depth and scope which Priority One has presented. While many nano-cap companies are purposely vague, Priority One is happy to be open and honest.
The Company
Priority One Jets (Priority Aviation, Inc) is a full-service private jet sales and chartering service operating from new office space in lower Manhattan, NYC. They have a satellite office in Los Angeles as well.
The company services high net-worth individuals and corporate clients accustomed to secure traveling in luxury aircraft. Priority One does not own the planes, but tracks a global network of owners and charterers in order to maintain a broad variety of aircraft available to their clients on short notice, with the amenities they demand. It's the type of business that requires strong personalities to run successfully. Attention to detail, alacrity, aviation/airport knowledge, timeliness and service must be delivered or a client book can quickly disintegrate.
I had the opportunity to speak with a director from Priority One, who illuminated key areas of the company's filings and explained the nuances of booking, charters and high-end air travel. This type of access to industry pros is rare in micro-cap companies, whose board, if it even exists, would rather not be so open with details about operations and financials. The insight I'm sharing here is noteworthy, since so many companies in this space are opaque at best.
Briefly
Peter Minikes was hired as CEO in November, 2013, bringing his Wall Street background and extensive customer book into the fold. Prior to his appointment as CEO, Mr. Minikes worked in the financial services industry and also in the thoroughbred breeding and racing industry, where he undoubtedly developed some of his contacts. The contact/client list, or book, as it is referred to in charter parlance, is critical. This is a network business, both for the operators and the clients. Reputation matters in a sector with no real moat to speak of. Anyone can open up a web site and claim they are in the business of booking private jets, but quickly discover they are lacking the two key elements Priority One brings to the game-capital and clients.
Capital is required to pre-book charter flights or hold sales until the client pays their bills. No company wants to tell a client they can't book a flight because they lack the access to the credit necessary to hold it. Priority One has cash and credit lines, so doesn't suffer from a lack of credibility in their industry.
Although the book is important, new clients obviously help the business grow more quickly. One of the first orders of business for Mr. Minikes, from an operational standpoint, was to bring costs down, particularly advertising.
The company had been throwing money at the web and hoping some of it would magically find customers; money out the window. This is a select clientele. Priority One now has a focused and less costly program in place to find that affluent customer, with targeted ads in carefully chosen spaces.
Priority One went public through a reverse merger, not the path current management would have taken, but one they intend to clear. Mr. Minikes is an active manager, who hired new attorneys and new accountants to deal with the mess left by prior management after the merger with NuMobile and subsequent listing. Thus far, it's difficult to argue with their success. The company just reported strong revenue and plenty of cash on hand. Though the stock boasts a small batch of outstanding shares, it appears unlikely the company will need to come to the capital markets for a secondary to fund expansion, since cash on hand is increasing quarter over quarter and is sufficient to run the show.
The Downside
The risk for investors lies within the capital structure, not in the operation of the company. There is an anvil dangling over the financials which, if cut loose, could crush the stock in the near term. Prior management and early investors, hold over two-million dollars worth of convertible debt.
In December of 2013, the company executed a (1 for 1,000) reverse split, decreasing the number of authorized shares from six billion to two-hundred fifty million. If all two-million dollars of debt converted, the company, after issuing the stock due from the conversion of debt and notes, would have more than 1.02 billion shares outstanding.
Deconstructing - The Q1 Report states, in part, "On December 13, 2013 the Company entered into an Agreement and Plan of Merger and Reorganization ("Agreement") with PJET. Following the merger the Company's common stock was issued to owners of PJET. This resulted in the prior owners of PJET owning the equivalent to 86.6% of our total issued and outstanding stock after issuance."
This is the crux of the convertible debt problem. Priority One's current management is proactive and, I'm told, "very aggressively negotiating with holders of this debt."
In keeping with Priority's pattern of transparency, the company has painstakingly detailed the convertible debt issuance in the notes attached to their latest filing. A snapshot of this note is posted here with the next level of detail found in the filing.
(click to enlarge)
Source: Priority One Jets Q1-15 Filing
The company is working vigorously on its capital structure. There are limits on its dilution-only two-hundred fifty million shares authorized. The company could file a certificate and authorize more shares, but that option is objectionable to the CEO and the Board.
Valuation
The company reported 68,967,710 weighted shares outstanding as of March 31, 2015. Some interesting numbers:
March 31, 2015
December 31, 2014
Cash & Equivalents
$393,981
$186,552
Total Current Assets
$521,598
$356,884
Total Current Liabilities
$18,004,181
$18,489,346
Three Months Ended March 31
2015
2014
Revenues
$1,756,116
$1,764,357
Cost of Sales
$1,340,999
$1,551,616
Gross Profit
$415,117
$212,741
Note: Current liabilities includes convertible notes and derivative liabilities. This figure, ex those items, is $251,689.
Source: Priority One SEC filings.
As a service business, the company does not run high, regular operating costs. It's business is fairly straightforward and therefore, relatively simple to value based on information provided in the filing. As stated, the debt situation accounts for a massive discount applied to the valuation, due to the risk of dilution.
I worked through a rudimentary discount cash flow model to test the market-applied discount at which the stock is currently trading. I used a five-year projection with a 5% growth rate for each year and a 10% discount rate. I based my cash flow on numbers from the current filing: $186,552 cash at the beginning of period and $207,429 at the end of the period. With those numbers as a starting point, I extrapolated them out for the current year, then forward through five years on an annual basis.
To apply the ten-percent interest rate I multiplied the projected cash flow of years one through five by .9 / .83 / .75 / .68 and .62 respectively. I arrived at a total of $3,311,271 which, when divided by the current outstanding shares (68,967,710) resulted in a valuation of $0.048.
I then divided the $3,311,271 by 1,210,252,687-the total common shares which would be issued if all convertibles and preferred shares were converted to outstanding shares (Q1-15, Note 5, Derivative Liability) and arrived at .0027, which is within .0001 of the closing price of PJET as of this writing.
So my model, though somewhat arbitrary, was not far off. It seems the market has arrived at the current valuation in consideration of this convertible debt overhang. Should this overhang recede as negotiations proceed in Priority's favor, the benefit to patient shareholders could be substantial.
Near term, the a worst-case scenario must be weighed against the best, with grades of satisfaction in between. The conclusion to this issue is complex because of the number of note holders involved and the lack of a clear-cut end date. What's likely to happen is what generally happens in life; some will swing one way and some the other, predicated on whatever the debt holders or their advisors see as being in their best interest. So we wait.
Meantime, Priority One is a viable, profitable, well-run company with the capacity to expand its revenue base through consolidation and targeted advertising without the need for large capital expenditures.
The director told me, "this company is trading nowhere near value because it is one of the very few micro-cap companies with a real business. The last thing that's holding it back is management's ability to get the debt reorganized."
These types of negotiations can be contentious, often leading to suits and counter claims, however, I believe the right team is in place, leading a fundamentally sound and profitable company. If all were to go well for this team, this entry point is a rare opportunity.
Is the growth rate in my model too generous? Perhaps, but consider how the company can grow at negligible cost to shareholders.
Consider that their board comprises experienced Wall Street and aviation professionals.
Consider that the company has almost $400K in cash. They do not need to go to the capital markets to fund asset purchases or pay down operating debt to banks and other creditors; they have none.
Options for Growth
The company can acquire new books and revenues through various types of consolidation. I stated earlier this is a business one can start with a laptop and a small budget. By bringing on individual players with little or no access to the capital required to build their business, Priority One would effectively absorb the smaller player along with their book. This type of arrangement increases cash flow with minimal administrative expense.
Though it would require a sizable capital outlay, Priority One could purchase aircraft and hold them for charter. There are tax advantages to this but it's a big step that probably means going to the banks or capital markets for funding. However, should they go this route, the board has sufficient contacts and aviation experience to broker a deal for the aircraft that benefits shareholders as well as the company.
Their advertising strategy involves careful placement of ads to target their demographic and the company, in keeping with a savvy tech approach, may at some point develop an app to expedite service, though it's not a priority. It was explained to me that many of these trips are one-off, but more important, when a client is booking a twenty-five thousand dollar trip, on a particular aircraft, with familiar specifications and favored amenities, he or she does not want to deal with an app. Customers in this market expect personal service.
Conclusion
Obviously you can't invest with a blind eye to the convertibles issue, but once resolved, assuming the resolution is good for the company, this will be a lucrative investment. To get in at these levels borders on incredible, but you must, must, enter into an investment such as this with your mind open to the possibility that the negotiations could fail and the outstanding shares will surpass a billion. The convertible debt is the 800-lb gorilla, but said primate, one hopes, is open to compromise.
Editor's Note: This article covers one or more stocks trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.
"WHY WOULD (PJET)CEO PETER MINIKES ENTER INTO AN AGREEMENT WITH PRIORITY JETS AND WALK AWAY WITH IT'S BUSINESS SEGENT FOR ONLY EQUITY AND COMPANY DEBTS OWNED TO HIMSELF..........................................(PJET)--CLEARLY, CURRENTLY OFF ALL EQUITY RADARS//////////CHS1
PJET .0024 is worth .20 a share!! LOOK>
gonzilee Member Level Thursday, 05/14/15 09:51:17 PM
Re: HallaDurg post# 7650
Post # of 7889
what financials are you reading? they have .04 eps for the year. they have .01 eps for just the quarter. throw a small multiple of 2.5 for the eps for the year and you have a .10 pps. .01 is a very discounted pps. .10 is where pjet should be trading on a 2.5 multiple. if you give it a 5x eps, you get .20 pps. your figures are skewed too far to the undervalued side......................................................................................I AGREE WITH THIS GUY///////////////CHS1
PJET Quarterly out. (WEDS, AUGUST 12, 2015)
NOTE 8 –SUBSEQUENT EVENTS
On July 1, 2015, the Company entered into an Amendment to the Executive Employment Agreement with Peter Minikes
(the “Amendment”). Pursuant to the terms of the Amendment, the Company will not renew Mr. Minikes’ Employment
Agreement upon its expiration on December 5, 2016. If the Company desires to enter into another business or if Mr.
Minikes is no longer employed by the Company, but in any case after July 1, 2016, Mr. Minikes shall have the right to
acquire the operating business segment Priority One Jets........................................."AFTER JULY 1 2016", MR MINIKES SHALL HAVE THE RIGHT TO AQUIRE THE OPERATING BUSINESS SEGMENT OF PRIORITY ONE JETS.........................................................................................NEW YORK, May 14, 2015 /PRNewswire/ -- Priority Aviation, Inc. (OTCPINK:PJET), a full service aviation and charter service company, reported its first quarter financial results for 2015.
For the three months ending March 31, 2015, the Company reported total gross aviation related revenues of $1.75 million, as compared to $1.71 million for the same period in 2014. The Company further reported that gross margins doubled from 12% to 24%.
The Company also reported that it had completed restructuring its model for operating costs including a new advertising and promotional methodology, resulting in such advertising and promotional costs being reduced by over 60% over the first quarter of 2014.
Peter Minikes CEO stated "Over the last year we have improved margins and efficiencies in our operations and as a result we have enjoyed profitability from our core aviation businesses. Our goal now is to sustain these improvements on a permanent basis going forward. This has put us in a good position to grow the business from a financially sound foundation."
As of May 14, 2015, the Company had approximately 82 million common shares issued and outstanding, and is current with OTC Markets. The Company also notes that in April it changed its transfer agent to vStock Transfer LLC, of Woodmere, New York..........................PRIORITY JETS CURRENTLY FLYING UNDER ALL EQUITY RADAR BEAMS/////////////CHS1
WHEN .0003'S AGAIN POST ON THE ASK,EXPECT THESE NUMBERS TO BE FEWER---AND EXPECT TO SEE .0001 CLOSE AGAIN TOO, SHORTS AND CHEAP BLOATED WHALES ARE ALWAYS LOOKING TO STEAL ANY LOOSELY HELD SEGI SHARES...................CEO ED HAS ALWAYS SAID HE'S LOOKING LONG TERM AND (SEGI) SHARE PRICE HAS STABLIZED AT .0002 WITH ED DECLARING "NO REVERSE SPLIT FOR (SEGI SHARES)"...........BARCHART'S COMPOSITE INDICATORS TODAY INDICATE (SEGI) AS HOLD, WHEN .0003 SHARE PRICE RETURNS, BARCHART AGAIN WILL SIGNAL (STRONG BUY)----- REPLYING TO RECENTLY CONSISTANT, REPEATING NEGATIVE POSTS ED TWEED.........."THESE HATERS WILL NEVER KNOW WHAT HIT'EM"--------TO DATE (SEGI) HAS NOT COLLAPSED TO NO BID....TODAY SHE'S HOLDING FIRM AT .0002 WHILE CURRENTLY DEVESTING WEAK NONCOMMITTED SHAREHOLDERS-----EXCELLENT ENTRY POINT AT .0002 AND TOO US HOLDING SHARES,ED WILL UPDATE, BARCHART'S SIGNALED RALLY WILL OCCUR----------TIMETABLE, STRENGTH AND SCOPE CAN'T BE DETERMINED AT THIS TIME..........GO SEGI.........................CHS1
(SEGI)....CURRENTLY MOVING UP ON IHUB'S HOT SHEET..................IN THE EMAIL REPLY TO "MR CALIFORNIA", ED SUGGESTS THIS COMPANY CURRENTLY HAS AN INTEREST IN "UNSULLIED".......PERMIRES AUGUST 28 2015 AND MANTIVITIES PREMIRES NEXT SPRING 2016........WITH COMPANY UPDATES COMING SOON............................CHS1
CURRENTLY SEGI IS STEADY AFTER SHOWING BULLISH TRENDS CONSUMING ALL POSTED .0002'S ON ASK..............BARCHART COMPOSITE INDICATORS SIGNAL (SEGI) AS SHORT TERM BUY, MEDIUM TERM HOLD...........FOR THREE WEEKS RUNNING TRENDSPOTTER POSTS SEGI AS HOLD, MEANING BARCHART SUGGESTS A RALLY IS LIKELY, NO TIMETABLE IS GIVEN---------------------------CURRENTLY ETRADE HAS 5.3 MILLION ON ASK AT .0002 -------AROUND 50 MILL AT .0003, MY L2 SHOWS NOTHING TILL VNDM AT .0028---------VFIN AT .01----------BKRT AT .043...............................RUNNING FROM .0002 ON GOOD NEWS TO .002 PLUS IS 10 FOLD INCREASE----(SEGI) IS PRIME FOR RALLY........................CHS1
FIND THIS TWEET AND POST IT---IT'S PERSONAL OPINION ---POST THIS ENTIRE TWEET, TIME, DATE INCLUDED ON THIS BOARD, MAKE THIS FACT, CURRENTLY THIS IS ONLY HERE-SAY.........CHS1
ACCORDING TO ETRADE, (SEGI) LOST 650,000 DOLLARS IN THESE LAST TWELVE MONTHS, HALF OF THIS MONEY TO TOXIC FUNDERS.............REMAINING 350 THOUSAND TO FUND THE COMPANY AND CONDUCT BUSINESS..........NEWS IS COMING,SOME OF THIS WILL BE GOOD------BARCHART IS READING THIS IN THE TRADING VOLUME,BUYS TOO SELL NUMBERS.................................HOLDING SHARES OF (SEGI) TODAY AT .0002 COULD 5 TO 10 FOLD YOUR INVESTMENT DOLLAR,,,,,,,,,,,,,,,,,,,,,,,,,,CHS1
SYCAMORE ENTERTAINMENT GROUP IS PROWLING TO SOME, SLEEPING TO OTHERS.............WHEN NEWS BREAKS, A TIGER TO ALL.....CHS1
..CURRENT BARCHART COMPOSITE INDICATORS SIGNAL (SEGI) AS BUY:SHORT TERM.......HOLD:MEDIUM TERM
Sycamore Entertainment Group Inc. (SEGI)
Detailed Opinion as of Tue, Jul 28th, 2015
Composite Indicators Signal
TrendSpotter Hold
Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Sell
20 Day Bollinger Bands® Buy
Short Term Indicators Average: 60% Buy
20-Day Average Volume - 5,258,115
Medium Term Indicators
40 Day Commodity Channel Index Hold
50 Day Moving Average vs Price Hold
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 0% Hold
.......ALL(.0002'S) POSTED ON ASK WILL BE PURCHASED, CHS1