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1. Affiliate agrees to make an initial order for 100 units, each unit consisting of one Analyzer and one App license ("Unit"). Affiliate may place subsequent orders at such times and for such number of Units as Affiliate in its sole discretion determines. Affiliate anticipates purchasing not fewer than 10,000 units in calendar year 2016.
2.
3. Minimum End-User pricing. Affiliate may not sell or otherwise distribute the Analyzer and App to an end user for less than 10% off of the Company approved retail price. At the time of this agreement, the retail price is $699.00 US.
Because they are breaking their distributor agreement with MyDx, which is a minimum price of 10% off retail. Any more questions?
I think that site is a scam, they can't legally sell them for that price
I don't believe there would be an issue with that. MyDx2 will likely be more expensive, and there will be plenty of people who don't care about the OrganaDx and AquaDx features of the MyDx2 and will pay less for the original with CannaDx
We touched on that a little and is something I will bring up again Monday when I see him, that they need to keep people updated.
Like he said, they've been working with auditors and there will be a PR soon.
Just got off the phone with Nick. He said the company is in the best shape it's ever been in, and that sales are continuing to grow with orders coming in daily. There has also been a steady increase in international orders, especially to Canada and South America. There are also steady sales for the OrganaDx and AquaDx. The AeroDx has been put on the back burner for the time being. This is due to sales being so strong for all of the other products, and focusing their time and making the MyDx2 priority. MyDx2 is slated for release by the summer. Soon there will also be an upgraded sensor available for the original MyDx whigh will improve accuracy for CBD and THC levels in samples. He said he doesn't handle any of the finance side of things and does not know where they stand as far as debt goes, but that they had terminated unnecessary individuals in the company who were sucking up money to reduce expenses. He also said they've been working with auditors and that there will be an update soon as to where everything stands. Daniel is currently out of town for conferences, but will be back next week and getting earnings ready is his #1 priority. They're closed Monday, but he said he'll be in the office and I have the day off so I'll be stopping by for a face to face.
I can think of several stocks with more outstanding shares that have run anywhere from +15-50x recently. Harder, but still very possible.
We were at .05+ not even 3 months ago, and can be back to that in the same amount of time. Other MJ stocks with no products and no revenue ran from where we're sitting now to .20+ on fluff PR's filled with nothing more than hopes and dreams. MYDX took a beating from the dilution and lack of news and updates. It's extremely oversold and undervalued and will recover. When good news comes out this is going to run hard. Anyone buying at these levels is going to make serious money. Units are selling and revenue is coming in. If good earnings puts this back up to .05+ you're looking at 50x your money from where we're at now.
I bought more at .0013 yesterday, have an order in at .0012 today.
Nick is going to be calling me in a little bit, I'll post what I can find out
I spoke with Nick last week, he's still there.
They don't have to sell 100 units a month. As long as they're selling, they'll keep ordering. I doubt that place will sell very many though. They need more products. It will be interesting to track sales though, good find.
You're missing the point. Assuming they had an initial purchase of 100 units and have sold 2 so far...it doesn't matter how many they sell, because MYDX has already sold 100 units to them, or roughly $58000 worth of products to them. And that is only one distributor. We have already found at least a dozen retailers, and there are likely many more, plus orders coming directly through the cdx website.
I'm loading up more every day. Holding at least until earnings come out, and will reevaluate after that if needed. Yaz wouldn't have taken 30mil shares in lieu of salary if share price wasn't going to go back up.
$2k? One retailer I spoke to has sold over $10k worth of units this year. And that's just one.
I imagine today's dumping has to do with earnings not being released today, as today would have been the earliest they could have. If they turned cash flow positive last quarter as expected, we go back to pennies when news comes out
Earnings tomorrow?
As I was searching for retailers earlier, every hydroponics/marijuana shop I came across that did not sell the CannaDx received a product inquiry about it. I've already heard back from several saying that they will be getting in touch with MyDx. More retailers and more sales on the way!
Took all of 10mins to find multiple retailers...I know of several more that don't have websites, and I'm sure there are many, many more, plus units being sold directly by MYDX
http://growershouse.com/mydx-analyzer-with-cannadx-sensor
https://www.amazon.com/gp/aw/ol/B01DCGHX80/ref=mw_dp_olp?ie=UTF8&condition=all
http://www.hitofweed.com/product/mydxtm-analyzer-cannadxtm-sensor-kit/
http://m.bonanza.com/listings/mydx-analyzer-cannadx-sensor-kit/334170836?goog_pla=1&gpid=172372224541&keyword=&goog_pla=1&pos=1o2&ad_type=pla&gclid=CjwKEAiAoOvEBRDD25uyu9Lg9ycSJAD0cnByZuBn5cypA5CfskaUdcXs1yx_1LdPogLVoY5sYm_dpxoCuJvw_wcB
https://www.growitall.ca/products/mydx-personal-analyzer
https://danthegrowman.com/MyDx#intro
CALIFORNIA farms, not Nevada. Nevada county is in northern California.
That was just one distributor. Still many many retailers selying the products. They could have stopped selling them for any number of reasons, which don't even matter.
Oh, and another retailer.
http://growershouse.com/catalogsearch/result/?q=Mydx
Like I said...more and more retailers being added all the time.
California, actually. Which is a much bigger deal IMO
I highly doubt there will be a RS. Even at 250:1 that only leaves 4 million outstanding shares which is a ridiculously low anount. Has anyone actually called to ask about the RS or confirm it? I was down in La Jolla yesterday and was hoping to stop by but didn't have time.
Yes, he did close AT LEAST 1 purchase order with a retail merchant this week.
What are your thoughts on this?????
It appears that way. Low volume and BMAK and VNDM are way off the ask.
I saw that as well but don't think it's correct. Earnings is 45 days from end of quarter.
Another MJ stock turned profitable this year and their shares went from sub penny to 50 cents. The CEO wouldn't have taken shares instead of cash for salary if the company wasn't looking good and he knew they weren't on track.
It should be around the 15th of this month. Hopefully we'll get a revenue estimate PR in the next few days.
Is your estimate including the guaranteed $125k minimum per quarter from the China distributor?
Retailers purchase price is $50 under retail price + 10% off. Retailers are not allowed to sell the units any lower than 10% off retail.
You are correct, I didn't notice they were in Canada and that there was a currency rate difference. However I have seen units being sold for $1500-1700 here in the states by retailers.
Marked up to $1000 and still a top seller. Other retailers are marking the CannaDx up to $1500+ and still selling out. If retailers are moving so many units at marked up prices...how many more are being sold directly from MYDX at a lower price?
People spend billions of dollars every year on "gimmicks". So even if it was, it wouldn't matter.
Because they love spending their money on the newest tech devices. And with their concerns for their health with how polluted their country is, why would they not want a health related tech item?
Yeah I've been buying every time it hits .002 or under. Can't wait for this to take off $$$$$
Loaded up more at .002!
What makes you think it will be at a different location? And is not just another division located at the same address?
That's nothing new, it's the company in China that mydx signed the deal with