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In about 2 weeks
FLO is also a certain strain of marijuana. Maybe they are starting a grow division?
Personally, I don't believe the "flo" has anything to do with Florida. Maybe they acquired or partnered with Flo Technologies? Perhaps they developed their own constant monitoring product to measure the "flo" of water or air coming into your home that will notify you if it finds anything harmful?
If lenders still had shares to sell they would be trying to dump them now at even the chance of a reverse split.
Appears as though dilution is over. VNDM and BMAK are way off the ask all the way up at .0056 and volume is way down. I was hoping to pick up more shares under .002 but it looks like that's not going to happen. A good PR this week would put us up to .005+ heading into earnings
Yes I would like to, hopefully soon.
I spoke with one very small retailer of the MyDx/CannaDx last night, and they said they've sold over 20 units this year. That's over 1 a month from a very small shop, which doesn't even sell weed. If just one small shop has sold over 20 units...how many other retailers have similar numbers and how many have been bought directly from the company?
They have the OPTION to do a reverse split on OR AFTER Jan 31st. It is NOT happening tomorrow. Why would the CEO take 30 million shares just to have them cut down and lose money?
With more and more retailers, and more units being sold, why would earnings be horrible? Why would the CEO take payment in shares instead of cash if earnings were going to be bad and share price was going to crash?
No there aren't. Under 1B is nothing...another stock with over 10B outstanding shares has gone up 300% over the last few months. 16 days til earnings and this going to run hard on good news.
And why would you think that? MYDX has several brick and mortar retailers for the CannaDx.
That O/S number is from 2015, with 10B authorized. Closer to 1B or more outstanding by now I'm sure
It would be nice to get some news, but my guess is we won't get anything until earnings since we're less than 3 weeks out now. I imagine we'll see more green days in the weeks to come in anticipation of earnings. Increased revenues and decreased costs is a given, turning cash flow positive as expected would be big news, on track to become profitable this quarter would be huge news, and news on dilution ending or almost done would be great as well. I'm 100% positive the R/S won't happen any time soon, if ever. If it does come...I don't see it being any more than 10:1. Even that would leave us with only 85mil OS which is extremely low. A 2500:1 would put as at $6/share and only 3.4mil shares which would be ridiculous.
The fact that there actually was an office puts it 100 steps ahead of a majority of other "companies" whose addresses are nothing more than a box at a mailing center because they don't want you to know there is no actual business. The MYDX location was very nice and clean and I was very impressed. I'm going to try to head down again in a few weeks to discuss some other things with them, if anyone would like to come as well let me know.
When there are people buying CannaDx units being marked up to $1700 by resellers, how many more do you think are being bought at the regular price???
What are your thoughts on this???
It's not a scam, but even if it was it wouldn't matter. A scam company went from sub penny to $200 in 2014. Even if it was a scam, it won't stay at these levels. Scam companies with no products and no revenue are trading at .10+. I've been to mydx offices, they have real products and real revenues. Multiple retailers are SOLD OUT of the CannaDx. Mydx is in negotiations with more dispensaries to become retailers for the CannaDx. We've hit solid support around .002 and just hit 100% gains from that a few days on no news. When earnings comes out and news of turning profitable or cash flow positive hits, this will take off hard. Anyone who isn't jumping in or averaging down at these oversold/undervalued prices is making a big mistake $$$
Nothing is "apparent", that is pure speculation.
I think max is 4 stars but not positive
http://www.otcmarkets.com/stock/MYDX/news
Was 1 star this morning
And just got upgraded on Morningstar as well
12mil @ .0025. $30k order. Hmmm....
Whoa. 12mil share buy above the ask.
Link works fine now. Must have just been a glitch or they were making updates.
What's going on is there was some bad financing and a lot of dilution that drove the price down, but it's over, or close to, and way oversold/undervalued and starting to reverse and correct. Earnings are due in about 3 weeks, and the company is expected to have gone cash flow positive in the latest quarter.
And I can think of multiple scam shell companies with no product and no revenues trading at .08-.10+, which MYDX will easily be at or above in the near future.
Net tangible assets of $4 million,
$50 million market capitalization, OR
Net income in the latest fiscal year or two of the past three fiscal years of $750,000
They don't need to. And market will easily be within range soon
The only thing I'm seeing that they don't (or wouldnt) have is 300 shareholders, as the latest data shows only around 130. However that is almost a year old, so there could be far more now.
Effective on OR AFTER January 31st. It won't be any time soon, if it even happens at all. They'll wait to see where earnings takes share price before they decided to R/S or decide what ration to split it at.
Wondering if some insider info slipped and there's big news coming soon.
And why is that?
Just because they have they option to do one doesn't necessarily mean they will. If share price continues to rise, they wont need to. The CEO just took 30mil shares in lieu of cash for money owed to him...why would he do that of he knew an R/S was coming? He obviously knows something big is gonna come out soon and that's why he took shares. IMO the only reason they will do an R/S is to uplisting to Nasdaq, which will only cause share price to rise.
This is just the beginning! Back to cents in no time
26's and 27's got eaten up QUICK
Gonna see .003 today???
It's not impossible for MYDX like it is for pretty much every other stock dealing with MJ. They don't grow, sell or touch the plant at all.
We've had really strong support around .002, especially towards the end of last week. I think we'll continue to see strong support and more green days over the next 3 weeks leading up to earnings. It seems as though dilution has slowed a lot, or may even be over. Haven't seen BMAK on the ask in several days. As far as the R/S goes, I don't think Yazbeck would have taken so many shares if that was actually going to happen, or at least happen any time soon. Why would he want shares if he knew he knew they were going to get reduced by a R/S? I think he knows something big is coming.
Eating up that ask. Wondering if that big order will drop up when we hit .0024
Bid stacking up! No resistance at all moving up
Gotcha, thanks
800mil? According to OTC Markets there were only 550mil as of end of Dec, how do you figure they've added another 250mil in 2 weeks?