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For once, we agree...
False starts haven't helped this company. The stock has been drifting sideways for a year, except for a few brief stints where things moved significantly.
Who knows, maybe the lesson has been learned and they're holding off on PRs until the action is imminent. I see Tooling Expenses that were revealed in the First Quarter 10Q, and the increase in chatter from other, independent companies as forward looking indicators that something is underway.
I think we are talking about different things.
Going....to....happen....
What are you saying is "false?"
If he did that, he would have no corporate protection and he'd be sued for every penny that he has.
That's not going to happen.
If that happened, with the lead up that has happened over the past 12 months, the corporate veils of all related companies would be pierced and management would be personally liable for the aftermath. That's not happening.
Hey shorts...this is happening. Time to vacate.
- tooling costs in latest Q
- comments and PRs by organizations other than MYDX itself
- website updates by MYDX and others
I especially like #5. "Released in 2018," so you don't have to wait long!
Well, there certainly seems to be a lot of speculation about who those folks are, what their involvement is, whether they actually exist, etc.
Most important number from the latest Q: Over $138k spent for "Tooling" in the first quarter of 2018. From an accounting standpoint, that means that MYDX has been preparing to manufacture something for about 6 months.
IMO, we will know what it is very soon...
???? Where do these numbers come from?
The names are not a secret. Yes MX, those are two of the names.
??? Where did that number come from?
Patience, Co Pilot. Have patience.
Love comments like this, almost as much as the one earlier today saying that MYDX was down over 100% so far this year. Nothing like unsupportable statements (literally) to sprinkle around a little fear, uncertainty and doubt.
Business Insider says:
By 2019, California's cannabis market is expected to soar to $5.1 billion — and it's going to be bigger than beer
AND THAT'S JUST CALIFORNIA.
Buys over Sells, 9:1 today.
Understood. To me, the Tooling entry was the most important item in the Q.
Yes, pretty sure.
I'm in manufacturing, too. From an accounting standpoint there's a difference between "tools" and "tooling," but no need to split hairs. Thanks!
Tooling wouldn't be actually building or buying the tool itself, but rather the expense involved in preparing an existing tool to perform a specific task. This cost is often passed down to the company that wants to manufacture something.
For example, you could go to a factory that makes plastic widgets, and say "I need to make a vape pen." They'd say "ok, we need to make a mold, and that's going to cost $7,500." The cost of the mold is "tooling."
There was $138,000 worth of "Tooling in Process" on the Balance Sheet last quarter. Tooling means that they are investing to prepare for a manufacturing process. And, $124k is not an insignificant amount of tooling to incur in 3 months. Something significant is underway, IMO.
What is Tooling-in-Process?
It's all perspective and scale.
Operating Losses for the last 4 reported quarters was $2.2m. Is that a lot? Yes, if you don't have any revenue sources on the horizon.
BUT: If you have a means of adding $550,000 of gross profit per quarter, then suddenly you're in the black. NO CHANCE OF THAT HAPPENING...right?
Wrong. By 2019, California's cannabis market is expected to soar to $5.1 billion — and it's going to be bigger than beer
AND THAT'S JUST CALIFORNIA.
YES. Technically 3+b shares outstanding but half are restricted and cannot be traded.
...I wouldn't think a broker has access to that. But then, you tell me...
Oh....I get it. I'm staring at sell trades of
- 20 shares
- 20 shares
- 12,000 shares
- 17,300 shares
...from late this afternoon, too. 20 shares? Really? That's 8 cents.
Only 2 red closes since June 1.
Do you really think that someone placed an order with a price of .004163/share? Or is it more likely that the put an order in for .0042 and it got filled at a different price?
Hard to say. I'm seeing +18% for the day. Let's see where it ends up!
Would love to see an analysis that supports that.
The last Q showed 1.8% dilution. Is that a fantastic thing to have to do? No. Is it the worst on the OTC? I highly doubt it.
I also take exception with the notion that "Little Yazie is heading to the ATM to cash in his billions of shares." Not even remotely supportable.
In my experience, auto-renews are "typical." I said "probably," which indicates that I was, indeed, speculating about whether this PARTICULAR site was set to auto-renew.
Who knows. I think a lot of you guys are full time traders. I'm not. I poke my head in here from time to time, but I have a lot of other commitments. If I'm wrong, I'll be the first to admit it. You bring up a good point...not 100% sure about this one.
If you ARE right (note...that means I'm speculating) then my bet is that it's an administrative oversight. No way of knowing.
To be continued...
I agree with the "in the middle" comment. May have been overly-dramatic in my post. We are all speculating...if not we'd likely be doing something illegal.
That's fine. I'm just pointing out that you're speculating. There's no way to know.
I'm on a delay, but seeing 26:1 in favor of sells today. Is that the catalyst for ... caustic ... comments today, when there were almost none yesterday?
Yesterday you mentioned that a 1.1m sell was "likely dilution." Is that a "big block" sell, in your estimation?
If that's the case, I'll bet that a number of people reading this site that regularly sell and rebuy "big blocks." This stock moves up and down quite a bit, my guess is that some folks take advantage of it.
In addition, if that's the case then a LOT of people reading this site hold "MEGA-blocks" (based on the fact that "big" is 1m, I'd say that a MEGA-block would be...what...5m?).
((IMO, a 1m block is probably a retail trader doing his daily thang. Not saying that dilution NEVER happens...I just don't think it happens as much as it's made out to be. The Q1-2018 Q showed 1.8% dilution. So, not zero but not rampant. Frankly, at this point an 8% annual ding is a cost of doing business. It'll settle itself in due time. IMO, of course.
Also IMO, a "MEGA-BLOCK" is more like 50m shares. I only know of a couple of MEGA-folks.))
I'll point out that the renewal record was created 5/17/18. Most likely an auto-renewal (typical). Never lapsed. Simply a matter of registrar records not being in synch.
Perhaps we can blame that on "Little Yazie" too....<snicker>
A bit over-dramatic <snicker>. Refer to post 67462
3:2 in favor of sells, but up 12%. Read into it what you will.
That's pretty thin on the up-side. Any time now.
He didn't mention that site.
BOOM...never mind. Good work TAH.
The domain registry services are not necessarily all looking at the same data. There are several levels of renewal grace periods that protect against overlooked renewals (although most commercial sites that I'm involved with are set to auto-renew, just in case).
Careful...one time I mentioned that I had communicated with Daniel, and started a ruckus. "How dare he take time to communicate with shareholders? Doesn't he have more important things to do?"
Talk about sellers "looking for anything to grab onto."