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.
How many TV's did Samsung sell in October 2016? How many bags of chips did tostitos sell in October 2016? How many bags of dog food did Purina sell in October 2016? How is anyone supposed to know how many MyDx units were sold? Why do you keep asking the same question that nobody will know until earnings come out?
What are your thoughts on this?
I completely agree. They were waiting for dilution to be over to start the PR machine back up. Now that it's over, we should be getting regular updates again, with lots of good news in the near future. .01 tomorrow could be possible after Fridays monster PR and a weekend for lots of people to catch on.
I don't know if we'll open that high, but I believe a .0075+ close is all but guaranteed. Last time we got news late a Friday we had 50% gains the following Monday. And that was just on news of the lawsuit...the PR Friday was much bigger news, so we could be in for even bigger gains tomorrow.
Definitely not. I am VERY excited for earnings coming out soon. Should be a 100%+ increase in revenue over 2015. If they succeeded in turning cash flow positive Q4 2015 and turn profitable in the current quarter as expected, we should see .20+ very soon.
Absolutely. I've seen multiple dispensaries using the MyDx to test product, a huge grower in California stating that they are using the MyDx to test every batch, and it's giving end users the power to test their own supply instead of having to pay labs to test it. When the MyDx2 is released, which has the OrganaDx and AquaDx built in as well, it will open up sales to many more consumers. Marijuana users are only a small portion of the population, but everyone in the world eats and drinks and the multiple water crisis' we've had in just the last few years shows the need for their products. It's only a matter of time before every smart home has MyDx sensors built into the water main and throughout the house that constantly monitors water and air quality and alerts the user of anything out of the norm. That's the reality, and the real potential of MyDx and it's products. MyDx will be a household name in the next 5 years.
Go look at a stock chart for ANY marijuana company for 2014. Any of them. It's not all about what the company is worth, it's about what people are willing to pay when the buying frenzy comes, and it will. Reality will go out the window as we near 2018. California alone will have 10x the effect Colorado did in 2014, then add in the rest of the states that legalized on top of that...2018 will be huge.
MyDx had a $26mil valuation when it had nothing but an idea. Now it has multiple products, good revenue, patents, and a one of a kind database. We should be trading at .05-.10 and could be there within a month.
That's really hard to say with how many variables could take place within that time period. But early 2018, when all of the states that legalized MJ in the elections last year start selling...it'll be a repeat of 2014 and I see MyDx at $5.00+. 2014 saw huge record highs for all MJ stocks because ONE state started selling MJ, 2018 there will be EIGHT more. As MJ is available to more people, more growers, dispensaries and end users will be buying units to test and verify their marijuana. More countries around the world are starting to legalize as well which will lead to more international sales. The MyDx2 will sell much better as well when that's released. And its only a matter of time before the AquaDx and OrganaDx test kits are being sold in retail stores.
pH strips do not test for contaminants or toxins. They test for pH aka acidity. This company has only been around a few years and only selling products for the last year or so. The company stated that sales trends have been following legalization trends...as more states legalize, more and more units will sell.
And: How about this page that has yet to be finished on the MYDX website called "Formulations"? It sure does sound like it could go hand in hand with Yazbeck's other investment, ebbu:
https://www.cdxlife.com/formulations/
ebbuâ„¢ is setting a new standard in cannabis. A standard called formulations that proves you can have it all: potency, purity, premium quality, flavor, and predictability.
http://www.ebbu.com/products/
"GENESISâ„¢ IS NOW AVAILABLE IN OVER 50 COLORADO DISPENSARIES"
Not what it's designed to do. However, the new sensor being released soon does read CBD and THC
Dispensaries and growers are using the MyDx to quality check their products. A grower in Northern California has stated they are using the MyDx exclusively to test every batch. As of last year over $1mil worth of MyDx units had been sold. As I've stated in previous posts, every unit sold is also generating recurring revenue as the sample inserts are single use, and the sensor needs to be replaced every 6 months...this could be bringing in around $1mil of recurring income based on current number of units sold, and will increase with every unit sold. They also have the OrganaDx and AquaDx test kits for testing food and water for pesticides and other toxins. The company has already been featured by many news outlets for these priducts, including ABC and NBC.
MyDx2 and the new/more accurate CannaDx sensor will be released soon, as confirmed by the company. It has not been cancelled, this is false information.
There has been no mention of R/S in months. Per the January shareholder:
"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."
If the reverse split was going to happen, it already would have. There will be no more dilution, no further increase in OS, and no need for a reverse split. The CEO is not going to do a reverse split on his shares that he took instead of salary.
See my last post on R/S, it won't happen for a lot of reasons.
R/S was nothing more than a tactic to scare the toxic lenders into dumping their shares to end dilution as fast as possible. There will be no reverse split. The CEO would not have taken shares instead of salary if there was actually going to be an R/S. The lowest ratio they have the option to split at is 250:1 which would leave only 4mil outstanding shares. There will be no reverse split. When news comes out of this it will boost share price even higher.
Would you buy anything off that website??? I wouldn't, it looks shady as hell.
Have you been able to think of any companies which might be acquisition targets for MyDx?
Anyone who wants an accurate test will use a new insert for every sample to avoid contamination.
Name a single company where the CEO puts out an update every day as to how many units were sold. Why do keep asking this question? It's ridiculous. We'll find out revenue for the quarter soon, just as with any company. And as I stated in my previous post, point of sale revenue and unit sales is only part of the earnings as every unit sold is recurring income. ORDERS ARE COMING IN EVERY DAY. This has already been confirmed by the company. MyDx had revenues of $574k through the first 3 quarters of 2016 compared to $383k for all of 2015. 2016 revenue will be a minimum 100% increase over 2015, along with decreased expenses.
First off, those of you stating the app is useless without the unit are wrong. Even without the MyDx unit, you can use the app to find info on strains, what will work for what you want to acheieve based on other users input, and help locate the atrain you want by showing which dispensaries around you have it.
Per the latest data available, around 1400 MyDx units have been sold, however this info is months old. The company has informed me that orders have been coming in daily, and we recently had a MyDx video go viral on Facebook with 1.4 million views, over 7000 likes, over 5100 shares, and many people commenting that they either wanted, needed, or were going to buy one...so there's no telling how many sales that generated. We're probably closer to 1600 units sold if not more, but let's just say 1500 units (and this isn't even factoring in sales of OrganaDx and AquaDx test kits). Every unit sold is recurring income. The sensor needs to be replaced every 6 months ($70each or $140/yr per unit) and the sample units are single use ($1.50ea). Assuming 1500 units sold, and an average of one test per day, that equates to $210,000 worth of replacement sensors and $810,000 worth of sample inserts per year. Over $1 million worth of recurring income, which increases with every unit sold. Every single unit sold is not only a sale point revenue, but continued revenue for as long as it's being used. This will increase revenue exponentially every year.
Revenue however is not the only way to estimate valuation of the company. They hold a LOT of patents, which are worth a lot of money. Their most valuable asset however is their database. No other company has the data they do. This is what makes them a prime acquisition target by Zynerba, GW Pharm or Insys who already has a foot in the door with cannabis, or by an even bigger biotech company that wants to enter the MJ industry. What do you think an acquisition by Biogen, Celgene, Regeneron, Gilead, etc would do for share price of MyDx? The CEO of MyDx was a scientist for Pfizer. He knows people and has connections.
Yes. The only factor limiting us now is the looming R/S which will be cancelled. Every sign points to no R/S. The only reason the R/S was applied for was in case they had to put up with further dilution from Phoenix, which is not happening. The CEO recently took 30 million shares instead of salary, he would not have done this just to R/S and lose them all. The minimum R/S ratio option is 250:1, this would leave us with only 4M OS, which is absolutely absurd. The only time a R/S will happen is when all other requirements are met and they split to uplist to Nasdaq, which will only raise share price higher. MyDx will be the FIRST and ONLY MJ stock to successfully uplist to Nasdaq because they are the only company that has a chance to. They do not grow, sell, or handle the plant in any way, which is what prevents every other company from uplisting. MyDx is going to get a ton of exposure over the weekend and new investors with deep pockets will be coming Monday. Congrats to all for the great week and more green to come.
Good earnings and turning cash flow positive as expected will have us at .05+ by the end of next month. If they achieve profitability in the current quarter as expected and MyDx2 is launched on schedule, we will see .25+ by summer. Another MJ play recently turned profitable and ran from pennies to .50.
http://m.marketwired.com/press-release/mydx-announces-resolution-key-liabilities-that-position-company-unlock-its-true-value-otcqb-mydx-2203815.htm
And here comes the publicity. There will be a ton more buyers Monday.
MM's just trying to push price down so they can load up more shares before the massive run Monday. Hold strong, don't give them your shares to help with their manipulation. We could see 100% gains to .01+ Monday.
This useless sticky needs to be removed. It is outdated and completely irrelevant at this point. There is now only $35k worth of debt and will be paid off with the $217,000 payment from BLM before it's even eligible to convert. MyDx is DEBT FREE and DILUTION IS OVER.
Don, I have posted a lot recently as to what is going on with the company...look through my posts
Lots of day traders flipping for small profits, part of what's holding us down. Anyone selling is going to regret not holding for the big gains.
We'll see what happens EOD. Could be some big buyers waiting to see if it'll drop at all before they pull the trigger. Anybody who has any idea what's going on is going to want to get in today before everyone else finds out over the weekend.
Food for thought: CEO took 30M shares of stock in lieu of salary on Dec 23 2016, after he already had a pretty good idea what Q4 and Annual revenues are going to look like. Why would a CEO take shares instead of cash if revenues weren't going to be good? Why would he take shares instead of cash if a R/S was actually going to happen and wipe out his shares? Insiders only add shares for one reason...they know good things are ahead and share price is going up!
I imagine MyDx will pay off the $35k Vista note with the $217k coming from BLM before it even gets converted, and that dilution can now be considered 100% over. It would also be smart of them to use the remainder of the $217k from BLM to buy back and retire shares to cut down OS a little.
I also emailed the editor at insider financial suggesting they do an update on MyDx with the new 8k info. MyDx will likely be getting a lot more publicity after today. Hopefully Dan gives us a PR today or Monday. .01+ Monday very possible!!!
Earnings will be huge too. 2015 revenue was $383k, and we're sitting at $574k through the first 3 quarters of 2016. When numbers come out we should easily be looking at 100% increase in revenue over 2015. Anyone who already has shares or is buying in now is going to make some serious money with the number of short term catalysts coming out:
1. Official PR on end of dilution
2. Big earnings coming soon
3. Cash flow positive Q4 2016
4. Profitable early 2017
5. Cancelling of R/S very likely
6. Release of MyDx2
7. Release of new CannaDx sensor
All of this very likely within the next ~3 months.
This almost guarantees R/S will be cancelled. The R/S was applied for with them under the assumption there would be another $6M worth of dilution coming, adding more shares and dropping price further. Now that that is not going to happen, the current R/S will most likely be cancelled.
Great idea. Everyone should also email MyDx and ask them to release a PR on this next Monday as official news from the company will help a ton as well.
Hopefully the company has a PR ready to go on this for Monday morning. Official word from company along with expected revenues for Q4 and annual would be HUGE. BLM has 30 days to pay MyDx the initial $100k, if that happens in the next 2 weeks by end of month it will almost guarantee profitability for Q1! We should easily be sitting at. 05+ going into summer and much higher than that if they turned cash flow positive for Q4 2016 and profitable Q1 2016 as expected.
News out on marketexclusive.com for 8k
https://marketexclusive.com/mydx-inc-otcmktsmydx-files-an-8-k-entry-into-a-material-definitive-agreement-2/83637/
More this gets out, the more people come to buy before it takes off
Congrats to all who held strong. This is huge.
This is not a pump. Pumps occur when companies pay advertising companies to promote their stock, aka pump it. MYDX has been rising because of actual events, not from fake pumps. Share prices of MYDX were beaten down from dilution, but now that it's over people are buying back in. We're extremely undervalued here and share price will continue to rise.
OTC does not trade after hours. That is just a trade that happened at some point during the day that was not reported until after close
Someone hit that ask to see if it's a fake wall and drops out