Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Are you sure it was the company and not this board which did most if not all the pumping ?
I agree long-term these conferences are needed - just short term they should mean little
How do you mean different ? Meaning it should go up a lot or it shouldn't make a difference whatsoever to the price. Reason I ask is last time the conference really never meant a thing and only the bs hype drove it to 3.25 for no reason, that's why it fell back so much.
Where is the news of this, I must have missed it -do you know what time? Will it before market opens as I would like to buy a few million shares if this doesn't go up too fast.
Hanks did not mention valuation in last filing - it may not come for a long while. Need to close on property but cant do that without permits and maybe full funding of refinery - if so it could be out 6 to 12 months more?
I agree - results are needed not hype about a conference, we already went through that bs last time.
Although this is standard legalese like another reply said - and although I do agree with them, it is not to be completely poo pooed. It is the risk that most otc stocks come with. So when investing in otc stocks you ALWAYS have to keep this in mind.
In the case of MYDx it is no different - you buy this stock for its risk / reward attractiveness. The reward may be substantial in the future, (this is what I believe will be the case), but it doesn't mean the bashers are 100% wrong either. As much as I like the risk / reward ratio , it does not guarantee success. And those of us, including me, could be wrong and subsequently loose some or all of our investment. HOWEVER THIS APPLIES TO MANY OTC STOCKS AND NOT JUST MYDX.
The bottom line is that I would not over rate those boilerplate sections in an sec filing but rather base your decision on many other factors. Obviously if you are risk adverse, or don't see the other potential, then this stock is definitely not for you.
I agree - good post. Flippers are exiting - those that bought real cheap are taking some profits, and new long-term investors are needed and will come in time.
I agree with you and the only thing that I can guess at is that the flippers are exiting as this is not their kind of stock, the real "stockholders" are staying and the much needed new long-term investors haven't heard of this as of now.
In time that will change and hopefully this will start acting more like a real stock and rise accordingly.
No question of a doubt but it really should have done better price wise on all the good news.
You are definitely correct - I hope he can minimize the mj part as he only tests and does not actually sell any mj whatsoever + they test other things. And I do agree even without the mj part on the table, will it be easy.
Yes and he said for now it is off the table but did leave the door open as to being possible in the long term.
Agreed but he says they are going to try and not use any toxic debt or dilution if possible by using conventional financing . They may be able to achieve that as they have made a lot of financial progress - but time will tell. Fnh*i is in the same boat and will probably succeed at avoiding dilution and to go with conventional financing. It isn't easy at this level but not impossible. Obviously it is the much better way to go and he seems sincere in trying to make it happen without dilution - again time will tell.
He says that he wants larger investors in future . For larger investors to buy any stock it is usually accepted that you need to be over $5. To get there at some point a reverse split is a GOOD business move.
Reverse splits are only bad when it is is followed by dilution but is not bad when a growing company uses it to grow faster, thereby subsequently helping current investors by exposing stock to new buyers. This in turn makes the stock go up further than it could have at the lower price before the reverse split.
I agree cc and 10k are very good this will go way up over time. Flippers should take profits and go. Real longs will get there increase in time
It could be but it will not make sense
Don't understand "if"
No pump here but remember stock was at 73.6 cents within last year so .20 to .30 is fair if not low.
Otc companies say that a lot of the time - blue chip or long established only say that when in trouble -
Too fast to say that it takes time to read
Also reverse split shelved for now
Unclear but very soon - and it should be good from cc
Just redial and login and you will hear him
Before you say wrong so defiantly all I said was pink sheet stocks don't have to report - some do and some don't - many don't report for 10 years or more and are still listed on the pink sheets. They won't necessarily be de-listed.
I don't know if there are 2 classifications of pink sheets but you implied that they subsequently would not be traded publicly and from other pink sheet stocks I own that have never filed or at least in not a very long time that doesn't seem to be true.
Maybe in their case because they have been filing they must continue to do so? That's a fair question which needs a real answer but not just a statement of "wrong"
pink sheets are traded without having to file
Volume is so low that very few longs have been unloading - also if you buy dips you are lowering your average and in a way also making money. The problem maybe for you is that this should make a good run here soon but is also a long investment as the electric car / truck industry is just starting and as time goes on this should do very well or get bought out for a premium.
The problem with always flipping is that although you can make a lot of money doing it, very rarely does anyone make millions doing it. Sometimes you really have to hold something a few years to make a million or more. Everyone has there own philosophy on trading, it's just my opinion but flipping requires a lot of good choices to be successful, while holding can require just one or two good choices to really win big.
Good luck to you in whatever way you go.
I've read them before and way before that I did virtually the same dd and came up with a much more mixed results.
I checked with many independent sources some agreed with those stickies and some didn't. Also depending on which test you do, the accuracy changes. If you are implying that the meter is not perfect, then you are correct. However that doesn't make it a fraud. It has strengths and weaknesses.
The bottom line is that if the company is making money and people like the product for the most part, why should that make the sec filing bad? You can argue that they need to improve the meter down the road in this competitive world, but that still has nothing to do with the sec filing.
To just say it has to be negative based on that you don't like the product, (even if you are right about the product) makes no sense why the report has to be negative.
Thanks for reply, It was changed to a go - I called them to find out why and it now works - they couldn't give me a reason ?
Very strange
Why? You make a statement without saying why. Maybe you are correct but everyone needs proof. Otherwise a pumper can make any claim they want to. Just as invalid without proof
Through td ameritrade ?
Td ameritrade won't let me buy or sell fnhi since last night. Anyone having this problem? I know that Scott trade allows both but not td.
I agree but if you can't trade the stock it is not good
It makes no sense with an earnings report like this and other positive things coming that no matter manipulators are doing this should be soaring.
Unfortunately With the otc very often fraud and hype work better than great results - it makes no sense but it happens constantly.
Keep the faith and it should go up in time.
In my opinion he is filing late intentionally as the year end can't be good because they ran out of money towards the end of the year and couldn't meet the full demand for the product. He also has the cse listing to consider and needs everything to be in order.
The bottom line is the year end will hurt if you are expecting it to be good. IMO.
However this company now is about all the things which have been corrected and what that will do for this year and beyond. At least that is why I am in here.
Between my friend and I, we own about 12% of the float and that's what we are counting on to drive this company forward. The past stinks and thats why the stock is so cheap. So I believe that the company wants to supply some other good news with the next sec filing. If they don't then it will probably go down a little or stay flat till they can update all progress which they have made.
But that being said, you are right there usually is no reason to file late.
I hope so, but just moving out of the blue gas happened before to no avail. Eventually we have to hear something.
Part of the delay this time has to do with cse listing. They want to get it right so listing will go through easily. Also they may (?) Be delaying as they are trying to put financing deal together.
The problem the way I see it is that the 10q should not be good. They ran out of money towards the end of last year and had a problem meeting the demand so their year end numbers probably are not good. So therefore they need something else to go with the 10q filing or it could cause investors who are not fully informed to bail causing the stock to go down.
Bottom line is that this should be trading higher already with all the positive steps the company has already taken. However too many people want a good year end report or something to make it move. I just don't believe the 10q by itself is good enough to accomplish this. Of course this is my opinion based on what I know and I could be wrong about year end numbers.
What judgment? Is there a link of where we can see it also?
Unfortunately it is very often so true.
Nothings guaranteed but I believe you are correct. And above that in 2018
You are correct with no word from the company there is no way of knowing anything for sure. I just used some logic of 40 yeats of business experience, but it is in no way meant to be anything more than a guess.
What is not a guess is that whether a refinery is built or not, this is not an easy thing for hanks to accomplish and is in no way a slam dunk. NO ONE SHOULD ASSUME THAT THIS WILL OR WILL NOT HAPPEN. TIME WILL TELL. Just be careful, either way as if it happens you don't want to miss a great opportunity and if it doesn't you don't want to be stung to badly.
Best of luck to you
Thanks