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It's interesting to see that after the first 10 minutes of trading there has only been 0.6m shares sold, but 5.3m shares bought. When this stock turns around, it's going to do so quickly and dramatically.
The day will come (soon, in my opinion) where Daniel finds his initial solid foothold in this market. Given the size of the MMJ industry, where it will be in 1 / 3 / 5 years, and the resources available to all involved, the slightest traction will be enough to bring this entire balance sheet back into the black.
IMO.
I think we all have a pretty good idea of what a T-Trade is (or we can at least google it). It's not evidence of dilution.
Sorry, not sure how to answer that. I was just making the point that dilution would show up in the SELL column, not the BUY column.
Why-what? Why would dilution show up as a.sell.and.not.a.buy?
Interesting. I always thought dilution showed up in the sell column.
IT MUST BE DILUTION! I mean...dilution always shows up as an after hour BUY, right?
In OTCMarkets click on the "Security Details" tab, and you can see restricted vs unrestricted.
1.894m are restricted
1.756m are unrestricted (actively trading)
Stalemate. Move your sell order down to .0031 and see what happens.
The 1.75b shares that resulted from the conversion are restricted. They don't automatically dilute PPS.
Actually, you hear it here a lot on days when buys outpace sells, but the share price goes down. I realize that it can happen from time to time, but seems to happen here a lot.
It's not a secret that these stocks can be manipulated, and thinking that it happens doesn't make you a conspiracy theorist.
https://www.reddit.com/r/weedstocks/comments/1xydch/market_maker_speaks_out_ways_of_a_market_maker/
High.volume.trading without.increase.in.share price= somebody's playing games.
They can't do it forever.
Is "No Revenue" similar to "there's no hope?"
Both are extreme and inaccurate. There's revenue. Just not as much as we'd like to see. This is essentially a startup business, trying to figure out the best way to monetize it's product. I always say "it takes twice as long, and costs twice as much, as you planned for."
It's hard to argue with your first two paragraphs. I don't agree with the last two, but there are definitely risks. Risk vs. Reward, right?
It's your money, do what you think is right. In my mind, the reasons that you just stated or why we are at a 5 million dollar market cap right now. If you wait until all of the details are crystal clear, you might be paying $0.02, instead of 3/10.
Pure speculation.
This market is so massive that once they get the slightest traction then they are cash flow positive, if not profitable. Look at the billions that are made in the mj market. Even a small taste of that puts this balance sheet back in the black.
And if there's a liquidity event then it's a quick cash out and move on.
Why do you think it's garbage? Do you think he's lying?
Surprised that you can tell...you seem to have a monochromatic view of things : )
Peace. Kidding.
Who knows? Maybe there's a deal brewing, and revealing the name would be considered privileged/insider information.
Keep in mind that in March 2017 there was NO MENTION WHATSOEVER of the legal proceedings that CRUSHED the dilution in its tracks. We just got a PR on one beautiful, sunny afternoon that said "Hey guys, all that dilution is over now." And the stock skyrocketed. And it was awesome. And some folks made a LOT of money. People had griped for months, BEGGING to know what was going on.
That's how Daniel chooses to play the game. Like or hate it, it's what he does. I'd personally prefer more information, but I'm not going to sit around and whine when he's guarded with his information releases. He does what he thinks is right. If I don't like it, I'm free to close out my position and put my money elsewhere.
The S&P is up 11% in the last 12 months. Is anyone on this site interested in that? Risk vs Reward.
There is a lot riding on this for a number of people and organizations. Many groups don't want MYDX to succeed. Some of them have very deep pockets, and the overall pot is big enough to warrant them taking a loss on MYDX stock trades in order to give their own interests more time to maneuver.
It doesn't take a tinfoil hat to imagine who some of them may be. Big Pharma, MJ competitors, individuals with personal reasons...the list goes on from there. Although it's worth mentioning that these sorts of manipulations could come under....scrutiny....so high profile players (Big Pharma) wouldn't want to be seen in the middle of a penny stock tiff.
Well, what you're saying is "I don't believe/trust Daniel." That's certainly your prerogative. But if you read what the PR says, and you take at face value that you aren't being lied to, it's strong.
I don't think I'm being lied to by the PR. I think the statement is's a strong indicator of where we are headed. The technology in play, and the data being collected, don't exist anywhere else in the industry. Taking the platform to market, and eventually determining the best way to monetize, is a slow and expensive process. If you're long on this stock then you have to be patient. There are a lot of mutli-million-share holders (some have many-millions of shares) that exhibit that patience. Some will sell when the tree is shaking, but many are holding for the long term.
This is a strong PR:
In order to provide a complete and seamless product offering for MyDx360 customers, starting with the development of custom oil formulations based on the MyDx Database, as well as supplying the EcoSmartPenTM technology suite to track consumer feedback, MyDx360 customers who have developed proprietary product formulations powered by MyDx are now able to seamlessly transition themselves into full scale legal manufacturing and distribution of cannabis in the State of California through this new partnership.
After months of diligence, MyDx has completed its research into the San Diego legal manufacturing and distribution license holder marketplace. Having reviewed the varying degrees of license approval status that many groups currently hold, MyDx has confirmed the positive approval at both the city and state level of a reputable, legally licensed, manufacturing and distribution partner it has signed an agreement with to support the products developed by MyDx360 customers.
With this complete service, formulated products developed for MyDx360 customers are now able to be fully integrated into the California Cannabis Track-and-Trace (CCTT) system that records the inventory and movement of cannabis products from production to sale.
3:1 in favor of buys at this point.
3:1 in favor of buys so far today. The MMs won't sell at this price forever. Decent volume. If it continues then the price will rise by end of day.
My Level2 is showing .0039. All good.
With all due respect, you might want to consider some of the areas of strength, and some of the leading indicators that are being shown. Granted, they haven't turned into revenue yet, but ask yourself:
1 - Why would a CEO, with solid technology, trudge forward quarter after quarter with MINIMAL efforts given to PRs? If he was a pump-and-dumper, he'd be putting huge amounts of effort into "pumping." He doesn't.
2 - Why would a CEO spend time on strategic alliances such as adding Docs to his organization, Canada, Ganja Gold, etc? Why not just pump and dump?
3 - Why would a CEO convert preferred stock into 1.75 billion shares of common stock...which, I'll point out, gives him over 50% of the issued common stock, therefore undeniable control over the fate of the company? Why not retain the preferred stock, which has more value than the common stock at current levels, but MUCH LESS value in the event of an upswing, merger, acquisition, etc?
Who knows....it might just be time for a change in direction. By definition, Daniel knows a lot more than we know. My assumption is that he's doing what's in his best interest. If it's in his best interest to own Common Stock, then that's a very bullish sign.
IMO.
It's still early, but the Ask is .0039.
Would love to see some positive, sustainable moves. It's been a long 12 months.
Thanks for clarifying.
Are those restricted shares? Is that effectively diluting us by a factor of 2x??
I'm confused, to say the least.
Why would you say that's low? It's a lot higher than the ask volume.
MYDX: Closed down twice in the last 9 sessions.
My thought is that it wouldn't be reported. All parties involved, would, of course, be bound by insider information guidelines.
I hear what you're saying, but to keep it in perspective...1.3m shares sold today equals roughly $4,000.
I'd agree if your comment was "nobody is buying or selling much of this stock right now...and in that environment the PPS will probably slowly slide down."
Once volume picks up, it could be a much different story.
AGREE:
Why would you assume that. Seems unlikely.
CP, that's the difference between the Bid and the Ask. If back to back trades are a Buy-Sell, then you'll see the price drop by the difference between the Bid and Ask (.0002 in this case). That's just the nature of buying and selling stocks.
Alternately, if the next transaction is a Buy then it'll go back up.
Hope this clears up the confusion.
"Conclusion," or "collusion?"
Better take that wall down or gonna lose another 2m+ shares, just like last weeks 10m.
That would be huge.