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Is this your opinion, or can you point us to something that makes us understand your point?
Yes...I totally agree. I believe that this company has a bright future. If anyone - on either side - is breaking laws, it costs me money. I agree with TAH - if you have proof that something is happening, PLEASE report it.
That's beyond tinfoil hats...that's full scale illuminati.
Another boring Q. Very little worth talking about.
Case being settled for $5k: at least it's not a distraction any more. Chances of collecting any meaningful sum were close to zero anyway.
Let's concentrate on our core business. Get this pen released, and sign some solid deals. Another $36k in tooling costs, so I'm still hopeful that manufacturing is underway, and release imminent.
Does anyone know where Dewald or Sanzeri are from? Trying to do some research to better understand where this stock is heading. If anyone can help I'd appreciate it.
Interestingly, I was researching the Cedar lawsuit online. One of the entries on the case log read: "Request for Dismissal of Does filed by Cedar Business Services LLC." The request was denied.
Does anyone know what that refers to? Same set of Does, or different?
https://roa.sdcourt.ca.gov/roa/faces/CaseSearch.xhtml, case #913
Dilution of 5.23% per quarter for the last year. I can live with that for a chance to see what the next 6 months brings.
One PR is all it takes, and based on what I'm seeing, I think the time is near. JD, did you clean out all of the short positions? If not, this one could hurt...
I'd count on the Q being released next Monday, the 20th. They've extended every K/Q since I've been involved.
Traffic is picking up. I think an announcement is imminent.
My example was pulled from thin air. Don't read any more into it than that.
Maybe you know more about this than me. That being said, I've never seen a request to resolve a commercial AP dispute via a mediator.
I have a fairly high level of trust for Daniel (still not thrilled with how some of this has played out), so I may see it different than you. But here's one possible way to look at it:
- converting Preferred to CS gives DY much higher stake in the current share structure. In other words, he'd lose millions if the company then did a 2500:1 RS. If he was going to surreptitiously do a RS to inflate his value (preferred shares) and kill ours, why wouldn't he have waited until after the RS for the conversion? That would have made much more sense...right? Otherwise it's like buying a new car, then immediately pushing it off a cliff.
- Could DY just dump the shares on the market and pocket the cash? Yes...but it would only work for about 15 minutes, assuming he was trying to pocket enough money for him to risk the rest of his career on. After that the SP would collapse, everyone's shares would be close to worthless, and his career would be RUINED. That just doesn't make sense to me.
- a number of M&A possibilities have been floated on this board. If, for example, MYDX wanted to acquire 50% of (pick your favorite option - maybe Ganja Gold), they'd need to tender a lot of shares to make the buyout work. I believe that's what these "extra" shares are intended for.
But, in the end, I have access to the same info as everyone else, so of course this is all just "IMO." As I've said before, the view that everyone has is skewed strongly by what level of trust they feel for DY.
I was actually more referring to these parts:
..."MYDX CEO is a con man"
..."No need except personal enrichment"
..."Only reason is so his investment company can sell them and pay him without a direct conflict of interest. "
Trust me, I'm not thrilled with how this has played out either, but I disagree with some of your comments.
Send a copy to whom? The two parties already know the situation, they just disagree.
And remember, there are two steps: (1) have a contract, and (2) fulfill the contract. (this assumes that we are talking about a service....it's more cut and dry when talking about goods - then it's just a matter of agreeing on a price, and verifying that the correct goods delivered, within the terms that were in force).
Example: You hire me to write an app, and we sign a contract. I write one, but it's buggy, hard to maintain, etc. Gets 1.9 star reviews on app stores. People on iHub ridicule it, say the buttons don't line up, say the calculations don't make any sense.
From my perspective, I wrote the app for you, so I send you a bill.
From your perspective, I didn't fulfill the contract because you expected a top-tier, commercially viable app, and I delivered a crappy app. So you don't pay the bill. The conversations can go a hundred ways from there, but in the end we don't see eye to eye.
That's why you need a judge.
A couple of typos in that last message, but I think you get the idea. Posting from my phone, and the Android app doesn't give me an option to go back and edit after I posted.
Imo, you're misinformed.
AP = accounts payable. In other words, a disputed bill. It happens all the time. somebody sends a bill, the receiving party says that they don't know it, and they're at an impasse. I usually just go in front of a judge, the judge says did you have a contract? If so he takes a look at the contract. Determines whether the terms were fulfilled. And makes his judgment.
I've never heard of a mediator being involved in a commercial ap dispute. Usually goes in front of a judge, and 15 minutes later we know where we are going. These are not multi day trials....
They've been willing to sell shares in the past to pay bills...don't know why they wouldn't have done the same here.
Generally speaking, if someone has a way to pay a bill (MYDX did), but they refuse to pay it to the point of going to court, then there's a reason. There's likely more to the story than we know, IMO. Clearly seems like it's being disputed for some reason.
Yep. That was impressive!
That's fair. Thanks.
If I'm not mistaken, the "additional products" that were launched in 2016 were the single use sensors.
Define "launched." I think you're saying that they don't exist at all.
Envisioned, invented, tested, proven, prototyped, manufactured (many sub-steps here), marketed, and successfully sold all contain bits and pieces of the go to market process. These products clearly didn't get all the way through the lineup, but I doubt very seriously that they were put on hold before the even physically existed.
IMO the technology was similar for all of them, and the company had to pick one to focus on. So it picked one, with the intent of marketing the rest in the future.
...and I totally get why you might feel that way.
If you don't particularly trust DY then that's how you might feel.
If you do trust DY, then I think you can make a reasonable case that he's trying to make progress, and life is throwing some challenges.
In a small business, everything takes twice as long and costs twice as much as you forecast. Product mixes change (from Aero to Canna to 360 to Eco). Legal environments change. Partnerships ebb and flow. Bad business arrangements cause setbacks. etc...etc...etc...
If you don't trust the situation, you can easily see conspiracies. If you do, then the picture looks different.
It's not perfect...I totally agree with that. But there are different ways of looking at it.
So....if those releases happened...would you say "hmmmm....maybe I was wrong?"
Trust me, if all of this blows up and turns out to be a scam, I'd totally say that (and a lot more).
Place your bets, everybody.
In my opinion, this all boils down to whether you trust Daniel Yazbeck or not.
If you trust him, then you believe that the "Tooling Costs" on his balance sheet represent a manufacturing process, he is working towards releasing products, and he will use his leverage over stock price / RS / conversions, etc. responsibly.
If you don't trust him....then all that goes out the window and you think he's trying to screw everyone over.
CONSIDER, however, his professional accomplishments and corporate background. The man is only 40 years old...he wouldn't risk the rest of his professional life on this. If he is making all of this up, and is scamming us, he could end up in prison. He'd CERTAINLY never land a respectable job in a publicly traded company again. Might he get a job as a research scientist in the basement of Panasonic....maybe. But I doubt it.
In my mind, he wouldn't risk his life's work on one big heist. Is he perfect - of course not. But I believe that he is working hard to do the right things to make this company pay off.
All just my opinion, of course.
There is no basis for that whatsoever.
It's important to remember that MYDX authorized the same split two years, and once the waters calmed down they removed the RS authorization. Share price reacted accordingly.
If there truly is a big PR coming (Eco Pens, partnerships, and possibly more based on yesterday's posting), and if the RS announcement was cancelled at the same time, SP would go parabolic IMO.
KEEP IN MIND: MYDX showed $138k of "Tooling Costs" on the Q1 Balance Sheet. To me, that was the single biggest line in the entire Q. THEY ARE MANUFACTURING SOMETHING.
That's the million dollar question...
Do you recall the names? I don't have the pdf handy.
Quote:
Disagree. No reason at all to think that will happen.
Misinformation? From posts on an "opinion" stock board, made by people with no inside information, based on research that they've done on the good ol' world-wide-web.
I take their claims with about as much salt as I do the "fundamental train wreck" banter.
Companies miss product release goals all the time. The fact that release dates were missed was unfortunate for the stock price, but not fraudulent.
But, hey....I've got a wad invested here, too. If it turns out to be fraudulent, then string 'em up. I don't think that's the case. Considering the tooling costs that were carried on the balance sheet in the last Q, something is brewing.
After reading your response, I'm not sure if you're trying to make my case, or refute it.
Why can't you compare GoPro and Samsung? "Comparing" doesn't mean that they are identical...it just points out similarities and differences.
My point was very simple...maybe you missed it: test results being within 20% of the correct value are "good enough" for a diabetics blood glucose testing. Sure, you could go to a lab and get the exact number, but it's not necessary (too costly, takes too long, equipment too expensive, etc). I really just need to know if my blood sugar is high or low, and an idea of the magnitude so that I can make correction. "Exactly accurate" would be great, but it's not necessary for what I'm trying to accomplish.
"Within 20%" is perfectly acceptable for a handheld tester that keeps people alive. Probably good enough for people testing weed, too. It'll get more accurate as the technology advances, but for now that's what we have. And it's perfectly adequate.
You pointed out a lot of other stuff that isn't really a comparison...just a listing of how someone that's doing the test can do it incorrectly. I can assure you that a glucose reading can be botched, as well. Don't feel like dwelling on the periphery.
It's a completely valid comparison.
Of course I'm not saying that glucose testing and cannabis testing are the same. I'm saying that consumer owned, hand-held testing devices are valuable to give fast, accurate, affordable feedback. Neither gives results that are as accurate as bench testing devices....but both are portable, affordable, and accurate enough to answer the immediate questions at hand.
Know any diabetics? Their testing equipment is fraudulent, based on much of the conversation put forth on this board!! YET, the best available equipment keeps their disease under close control very well, thank you very much:
"The current standards require 95 percent of all meter test results to be within 20 percent of the actual blood glucose level..."
http://www.diabetesforecast.org/2015/mar-apr/meters-does-your-device-measure-up.html
What date is the quote from? The fact that Slimpen changed their guidance has been discussed ad-nauseam.
I don't think the 7/18 expectation was put into play by MYDX, but by forum members that were interpreting comments that they had seen online (Ganja Gold...right?).
GG later changed that guidance to "July," I think. I'm going from memory, please don't take my word for it.
I think they can hold up just fine...it's just a matter of how many shares will need to be sold to finance things until these long-awaited events occur. Run rate for the last 4 Qs has shown an increase of 348m shares, indicating a 22.5% annual dilution (so call it 2% per month).
Each month of waiting is costing shareholders 2% of their holdings. Or so it seems to me. I'm anxious to see some positive news.