is...(Retired)
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DITTO...Perhaps we made our biggest mistake was believing in IR nonsense along with misleading Press releases from YAS... Like you, I thought September letter to stockholders was a turning point for the better, rather it was just the beginning of a new business model to unload MYDX Stock..."The perfect storm" has turned into perfect time to unload MYDX Shares...Unlikely that in the next 6 days we see MYDX 2's launch date of Dec 15th. I regretfully expect ongoing delays with continuation of dumping shares..
One thing we can look forward to is the continued HUMOR with MYDX's press releases justifying 1,700,000. Asia arrangement. As laid out by others, it does appear to be enrichment arrangement, but just not for stockholders.
As a Stockholder I do hope to regain some allegiance here...
One item particularly caught my attention with the Yazbeck presentation...2017 revenue is currently projected at $ 3,000,000. The company's total market capital value is $ 1,500,000. Meaning our share valuation is 1/2 of 2017 revenue.
The largest capitalised stock in the MJ sector has market cap of 3,000,000,000. And has trailing 12 month earnings of 17,000,000. With earnings of minus - 129,000,000.
If you sold today...??
Last thing I'm worried about is something that doesn't even come due until 2018
Just received confirmation MYDX 2 is in schedule for Dec 15th if you haven't been able to locate for orders you must go to website and click learn to find
Is Sir Richard Branson attending the investment presentation TODAY-)
Would not be surprised to see a reversal today....
Frankly speaking... The cannaDx product is a winner...unfortunately CannaDx device was and still is being marketed all wrong IMO ....A product Home run can still be achieved with a bit of tweaking....
VFIN, BMAK, VNDM DILUTING - MM are off the ask ....are we done DILUTING today or are they just reloading...there is a max per day per seller
Anyone know the max shares anyone person can sell in a day....I recall it goes by volumn over x amount of days
If you know? What's the situation on MYDX's Yasbeck and Skip Sanzeri, past Chief Financial Officer and Chief Operating Officer are collaborating on some joint venture or alignment? any word, Since you intimately know the parties
Maybe today...we will see what happens hence no dilution
I have always associated BMAK, with insider activity ...Could that be?
I agree...Help me understand this BMAK our morning seller - on the ASK all morning ...is now currently on the BID. BMAK and all other diluters are way off the ASK... Timely, since this represents the Double bottom some were eagerly awaiting and discussing
1/2 Mil on the bid...Why isn't it being taken out. Lunch break maybe? or is dilution beginning to drying up?
Nice article, Thanks....with dilution specialist VFIN and VNDM way off the ask this could bust looks as soon as today....has dilution ended????
Yea it flew .008 to .055 in like 6 days ...I'm ready for this pop
What are your thoughts on the perfect storm letter from CEO
LA JOLLA, Calif., Sept. 21, 2016 (GLOBE NEWSWIRE) -- MyDx, Inc. (OTCQB:MYDX), a rapidly growing chemical detection company and the makers of MyDx®, the first multi-use hand-held chemical analyzer for consumers, today announced that in response to numerous shareholder inquiries about volatility in the market for its common stock, the Company is reporting its business, sales and new product launches are all on track and on plan.
MyDx expects to report solid revenue for the current, third quarter ending September 30, 2016 while expenses are in line with recent trends as it targets profitability. Its launch of the AquaDxTM Sensor Chip is on schedule with the build-up of inventory on plan for its December 15, 2016 general availability and shipping date.
Previously in 2015 and earlier in 2016, MyDx raised growth capital with convertible debentures, a form of debt which is convertible into common stock. With the Company’s fundamentals better today than ever before and trending toward profitability, debenture holders are inclined to convert now to maximize the number of shares they receive before the MyDx third quarter and fiscal year results are posted. Most debenture holders convert and immediately sell their common stock into the market and when too many sellers try to exit at the same time, the supply can temporarily overwhelm normal demand.
As of September 20, 2016, 52,939,410 common shares were reported to be issued and outstanding, and approximately $500,000 in convertible debt remaining on its balance sheet. Once that debt is converted, its balance sheet will be strengthened with minimal long term debt remaining.
“Regrettably, it’s a perfect storm, but a temporary one,” said Daniel R. Yazbeck, MyDx Chairman and CEO. “Convertible debenture investors generally are risk adverse and sell immediately upon conversion, creating far more supply than demand for a short time. As the Company’s largest shareholder, I fully understand the concern of our many loyal shareholders.
“Reflecting the gross market distortion, OTC Markets reported that as of September 20, 2016 our Company’s market capitalization, or equity value, is only $714,682 which is equal to the price of a good, publicly traded OTCQB shell company with no operations, products, services, IP or any other assets. One year ago today, as we were just starting to launch the CannaDxTM product line and prior to securing world-class manufacturing, supply chain management and a major US distribution deal, our market cap was approximately $28 million -- or about 40 times that of yesterday’s closing value.
“Today,” Mr. Yazbeck concluded, “CannaDx is a proven seller with a clear ramp up. AquaDx is in launch phase, while the OrganaDxTM and AeroDxTMproduct lines are being readied for launch shortly. Further, MyDx has been working for months on several major new business and marketing initiatives that we anticipate closing and announcing shortly.”
About MyDx, Inc.
Enron went belly up 15 years ago today... Ironic CEO continue the risk of jail terms via there greed
So what is interesting here is definitely the future....and future possibilities like medical...but on a simple down and dirty analysis think about your smoke detector....does it also test for Carbon Monoxide , will it test for explosive natural gas or propane. There is not one device on the market that tests all... So how simple would it be for MYDX to developed????....I spent 80.00 had to buy 2 separate units to protect the family... Future looks bright
Hey morningstar is giving us 2 stars this is a bit of positive news as a few days ago we were at 0 stars ...WOW A 2 STAR JUMP WITH TODAYS NEWS
This is a nanolux rep selling even on eBay
www.ebay.com/itm/322345520139
The rep I spoke to said they are still selling MYDX ...there is supply on hand and he has no info of cancelation.
So, i just talked to nanolux and the regional sales rep indicated they are still selling MYDX so a bit confused with misleading hyperbole
Significantly Discounted settlement???
http://seekingalpha.com/news/3228297-mydx-settles-claims-related-sublicense-cal-tech-patents
I just wish they would stop giving away our stock
Sales...we don't do sales ... We do give away's
MM frequently put up fake walls...typically slapping the ask it will suddenly disappeared. Often you will not get filled if it's fake
Tabbysan : I vote to nominate you as our shareholder representative seat on the board of Cdxlife. All in favor say I
With your MYDX holding my MYDX holdings and other significant holders here we should at least be entitled to a shareholders VOTE on ?
We are due for a conference call....
Holding tight here... Have faith in the Yaz ..
https://www.cdxlife.com/aqua-sensor/
10AM weakness followed by noon rally to GREEN
What year?
Anyone else see the new TV show Pure Genius... 11/3 showing where DOCTORS demonstrated a MYDX like device detecting medical illness's... it even looked like MYDX'S device with a blow spout...was unreal
NO MORE SELLERS HERE.... SLAP Is The ONLY TICKET PRICE FOR ENTRY
Sold my triple bst? now time for MYDX triple or more
MYDX 2 DECEMBER15
PATENTS ALONE VALUED 3X - 5X MORE CURRENTLY SHARE PRICE
POSSIBILITIES THAT MYDX IS THE GREATEST INVENTION OF ALL TIME...A SINGLE DEVICE TESTING FOR- AERO, ORGANA, AQUA, MEDICAL, Along WITH MANY OTHER TESTING CAPABILITIES YET TO ANNOUNCE
BIDS BUILDING NICELY... ASK THINNING , JUST WHAT THE DOCTOR ORDERED FOR BLAST OFF TODAY THROUGHOUT DECEMBER YEAR END ....PARTY UP TIME
COIL SPRINGS ARE ABOUT TO POP WATCH $MYDX BLASTOFF