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Agree 100%. Plenty of cash on hand to pay the $35k note off before they even get the BLM payment. If I was in Dan's position it would already be a done deal. And an investor stepping in is very possible as well...
Actually, you're wrong. It's eligible for CONVERSION in May, and can now be paid off before that. At least you're right about back over .01 tomorrow though.
Last $35k debt was eligible for payoff today. If Dan jumped on it, we could get a PR after hours or tomorrow morning of being debt free
I would bet that this will be paid off ASAP, maybe even today. Wouldn't be surprised if we get a PR after close or tomorrow morning stating the note had been paid off early and that we're debt free now.
Patent that was assigned to MYDX in January 2016:
Apparatus for detection and delivery of volatilized compounds and related methods
US 20160161459 A1
Also published as WO2015009613A2, WO2015009613A3
Scroll down to example use #6 in the patent:
Example 6Cancer Marker Detection in Exhaled Breath
[0150]
An exhaled breath sample from a subject is introduced in sample chamber 101. The temperature regulator 103 is set to the desired temperature, which heats the sample using the heating element 102. Volatile components are released from the exhaled breath sample. Among the volatile components are various biologic markers relating to cancer. The volatile components are moved by the mobilization module 105 to the detection module. The sensor array 107 elements interact with biologic markers in the volatile component of the sample. Profiles characteristic of sensor array 107 responses for biologic markers are compared to sensor array responses obtained from the volatile component using a computing system. The computing system displays to the user data indicating the amount of each biologic marker, if present, the presence indicating whether the subject is likely to have the cancer related to the biologic marker.
https://www.google.com/patents/US20160161459?cl=en
Legal Events
Date Code Event Description
Jan 15, 2016 AS Assignment
Owner name: MYDX, INC., CALIFORNIA
Free format text: ASSIGNMENT OF ASSIGNORS INTEREST;ASSIGNOR:ROUSE, RICHARD JAMES DOUGLAS;REEL/FRAME:037505/0301
Effective date: 20160113
Yes, did you not see the patent on a device that can detect cancer with a breath sample that was just applied for by MyDx in January?
Can't put it all on clay...after close to a 1000% run we were due for a pullback. A few weeks ago we had a week .002 base, if .008 is our new base then we're looking great. 150M+ shares in new hands at higher prices. Next good PR will take us to .02+
And they ran on no revenue or products...when we have products featured on ABC and NBC and should see 100% revenue increase over 2015 when earnings come out.
After 5 days of green and almost 1000% gains in a little over a week, some profit taking is more than expected. New shares in new hands at higher prices will continue to push the price higher. I still see us closing green today, and the next bit of news we get will push us to .02 and beyond. Go MyDx $$$$$$$
Actually, OTC does not trade after hours. This was a trade that took place during normal trading hours but was not reported until after the market closed. Trades like this that are not reported until after close are normally shares lended from one MM to another. This was not an after hours trade and was not dilution.
Yep. I sold 90% of my retirement and put it in MyDx...and will be retiring a few decades early because of it. LOTS of people were planning to cash out at .01...the fact that we held .01 even with the profit taking shows we're nowhere close to slowing down. If the initial $100k payment from BLM comes in the next 2 weeks and the $35k vista note gets paid off, we'll be looking at .05+ before earnings release. Don't let the profit taking and pullbacks scare you into selling. Hold long and strong or you'll be mad at yourself.
MyDx will still be a strong buy at .05. Longer you wait the more profits you'll miss. #1 on cannabiz top 25 stocks, 3 star rating from Morningstar, up to 56% buy on barchart with 100% short term buy rating. More huge news coming soon.
Current products are only the beginning, to raise capital for the huge products to come..
In January of this year, MyDx filed for a patent for a device that can detect CANCER in your BREATH. Every hospital in the world will have these, and along with the nurse reading your temperature and blood pressure, she'll have you blowing into a MyDx cancer detector.
We gotta break through .0085...smooth sailing to a penny after that. Let's see what power hour has in store for us today. Closer we get to earnings next week, the more buyers will be coming over to cash in.
MyDx2 will not kill MyDx1 sales. Many users will only be interested in testing marijuana, and not care about the OrganaDx and AquaDx features of the MyDx2. Would you buy a huge SUV if all you needed was a small sedan? No.
Looking very thin to .01. Hoping for a .0085-.009 close today, that should get us to a penny tomorrow.
Earnings are due end of next week. 100% revenue increase over 2015 is expected, and the company also expected to turn cash flow positive in Q4 2016. More huge catalysts that should get us on our way to .05+. Earnings for Q1 2016 are due mid May, in which MyDx expects to become profitable. Another MJ stock recently ran to .50 after turning profitable...so things could be looking very good here.
Don't miss your chance. Anything under .01 is good for 500-1000%+ within a month.
.01 will come this week, .05-.10 within a month.
Will we see .01 today? Hitting .01 before news of the $100k BLM payment, paying off the last $35k of debt, end of dilution and earnings will be huge and set us up for massive gains before all the PR's start rolling out.
There will be no reverse split. Already been over this so many times. The CEO would not have taken 30mil shares instead of salary just to R/S on himself. The lowest ratio they have the option for is 250:1 which would leave less than 6mil OS which is absurd. The shareholder letter clearly states:
"The board shall maintain the right to elect not to proceed with the reverse split if it determines that this proposal is no longer in the best interest of the company."
The reverse split was nothing more than a tactic to scare the toxic lenders into dumping their shares to end dilution as fast as possible. It worked and here we are back on the up and up. No more debt, no more dilution, no reverse split.
Some easy DD would have answered these, but I'd be happy to answer them for you and any other new/novice investors.
The loss in revenue from Q2 to Q3 was due to a large amount of preorders in Q2. This is nothing new and common knowledge for anyone who has been following mydx for a while.
The increase in shares is also nothing new and common knowledge. Anyone who has been here longer than a few weeks knows about the dilution.
You're right, it does not say "we do not owe money to anybody", it says "we owe $35k on the Vista note." When this is paid off using the first $100k from BLM, before it is available to convert, then MyDx will be debt free, within 30 days as I stated.
Upcoming PR's:
1. Q4/Annual earnings in 2 weeks. Which will include two big catalysts, 100% earnings growth, company turning cash flow positive. MyDx had $383k revenue for 2015, and has $574k revenue through the first 3 quarters of 2016, with launches of new products, new venders and distributors, increased international sales and orders coming in daily. Along with annual and Q4 earnings, we will most likely get an update on 2017 revenue expectations.
2. First $100k payment from the $217k settlement, which will come in the next 30 days.
3. Debt free. First $100k payment will be used to pay off the last $35k worth of debt before it becomes convertible.
4. End of dilution. It's already over, but after the last note gets paid off within 30 days, we will get an official statement.
This is all just within the next 30 days. Q1 earnings will come out mid May, in which the company expects to become profitable. I also expect an update on the MyDx2 in May or June, as it's slated to be released this summer. Lots of great things going for MyDx.
Sigh? Nothing to be sad about bro...it's still got a long ways to go. This isn't a pump and dump, do a little DD and look at what's going on with the company. Ending of dilution was only the beginnings of recovery...several more big catalysts coming short term. Earnings soon that should show 100% revenue increase over 2015, expected to become cash flow positive Q4 2015, expects to become profitable in the current quarter, receiving a $217,000 payment as part of the settlement with the first $100,000 due in the next 30 days, and only $35k worth of debt remaining that will most likely be paid of with the $100k coming in soon.
Appears to be holding .006 just fine to me, apparently you're looking at the wrong chart? Lots of profit taking today and still 15% up...now there are shares in new hands at a higher price, which will continue to push it up. More big PR's coming in the next few weeks.
I was only talking about catalysts within the next 30 days. I don't expect news of the R/S being cancelled to come until after Q1 earnings are filed. With profitability in Q1 we should be at .20+ by then.
With 4 huge catalysts coming within the next 30 days, anyone selling now is making a huge mistake.
1. Earnings showing 100% increase over 2015
2. Cash flow positive Q4 2016
3. $100k initial payment from BLM
4. Paying off $35k vista note and becoming DEBT FREE
Soon after all this the Q1 results will come out, with profitability expected. Another MJ stock recently ran from pennies to .50 after turning profitable.
I believe AlerSense is a likely acquisition target as well. CEO of AlerSense is former president of MyDx. MyDx may have put the AeroDx on the back burner because there's already a deal in the works.
They already have the technology, I'd be surprised if they didn't have a THC breathalyzer in development.
Some day every nurse will have you breathing into an MyDx unit along with checking your temperature and blood pressure $$$
I've mentioned the Pfizer connection multiple times. Huge for MyDx.
DIGITAL OrganaDx, in other words MyDx2 not the OrganaDx test kit. Great find.
.01 by Friday at this pace, but as we see more green days more people will buy and push it higher faster. As steady as she's been so far, we could see some good buying action this afternoon for a solid close. Not giving up on a .007+ close just yet.
Thin to .01+, gotta break through those .0064's
If you want to get in, get in soon. Tomorrow is shaping up to be another huge day after the big news Friday. Several huge catalysts coming up in the next 30days...earnings coming out that should show 100% increase over 2015 along with becoming cash flow positive, and becoming debt free as the last $35k will be paid off by the $217k coming in from the BLM/Phoenix settlement. See you all in the green tomorrow $$$$$$$
Expected earnings PR Monday morning showing 100%+ revenue increase over 2015 would put us up to .02 tomorrow and a nickel by Friday.
Yazbeck is already invested in Ebbu. Now that MyDx is debt free with sales increasing, they will be able to acquire Ebbu with CASH later this year.
I said that based on the viral video which had over 1 million views, 7000 likes and 5000 shares, that if the ratio of viewers was the same as the ratio of people who commented "I want one", "I need one", or "I'm going to buy one"; that sales of 11,000 units was possible. Obviously it didn't happen overnight, but it shows the interest is there and people want the product.