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SP is currently .0044. It could break above .0045 any minute.
As you know, I'm on the bullish side of this party. But, in the interest of setting the right expectations, the 10K that will be released in the next 2 weeks will reflect business activity from Oct - Dec 2017, i.e. business 3 to 6 months in the past.
That's the frustrating part about the lack of PRs. We have very little visibility into the "current" state of the business. We are only getting snapshots of history that is up to 1/2 year old by the time that we receive it.
No reason no reason will be given, nor would I expect one. Standard procedure. Mydx has filed an extension every quarter since I've been involved. It was totally expected, and that's already baked into all expectations.
I understand your point, but I'll mention that historically speaking when volume shows up, this stock tends to move up - not down - very quickly.
Does "Dilution" smell different than "Retail Selling?"
What was misunderstood?
You are incorrect. 10Qs are filed for Q1, Q2, Q3. 10K is filed for Q4, Due 90 days after EOQ (4/2/18), likely to be extended by 15 days.
They're filed with the 10K. Due 4/2, likely to be extended 15 days.
Up 11% today. I'll take it.
Not sure why you'd say that. At the time there were 20k shares on the ask up to .0045. Pretty thin.
Ask is thin up through mid .004s.
MYDX hasn't seen a good ol' Friday Power Hour in a while. Is today the day?
No, it's much more likely to be a retail investor.
Oh yeah, I see what you're talking about! At 11:23 (the time that you referred to) a total of (75,555+10,000=)85,555 shares were "dumped."
Total amount of the massive dump: $274 retail, so someone must have been paying off, like, $150 worth of bills with that issuance. The legal fees to set that up must have killed them.
Actually, I'm saying that it sounds sketchy to think that a lawyer would try for a dismissal before service. I'm NOT a lawyer but I'd wonder if there wouldn't be some significant penalty for doing that (disbarrment?).
We are definitely missing some details.
Sounds sketchy.
Using "All or none" is perfectly legitimate for a LOT of reasons. Some people do it because the math is easier on blocks with even numbers of shares....to each his own.
But...if you place a 7m AON sell order for a stock that has daily volume of 1.5m - 3m shares, you're essentially saying "I don't want to sell these, I'm just here to be a nuisance."
...or it could be someone that doesn't know any better. As often as it appears, I doubt that's the case.
Because the 7m is flagged as "All or None." It's almost certain. They have no intention of selling that lot. RIGHT?
If they had "total confidence" then they'd sell their shares. They wouldn't just put up a wall on the ask.
Why would they put up a fake wall in the .005s, and then in the .004s, and now in the .003s....week after week? One reason. To keep the price from going up. They have no reason to think it's going down, and they don't want to sell their shares. If they did, they'd SELL them instead of just making a nuisance of themselves.
They want to smother out investors so that the prices stagnates sideways and down, so that when they get the news they are waiting for they can buy at .0035 instead of a more fair price.
Restated...price manipulation. No two ways about it.
If you want to sell, then keep the order there but take off the "All or none" parameter.
I disagree. I think that the discussions on public boards has baked in a "not going to excel" factor. Couple that with less than stellar finanicals for the last several quarters, and you have the current scenario: blah news is already baked in.
Much more upside on good news than downside on neutral news, IMO.
If someone REALLY wanted to sell 7m shares on a stock with 5m average daily volume (and more like 1m for the last week) the LAST thing they'd do is place a 7m block order (which sure feels like it's flagged as "all or none").
It's a fake wall, placed there to manipulate share price.
7 Million shares on the ask, for two days straight. What would you expect to happen?
There aren't THAT many shareholders that have enough shares to make that happen. Like last time, though...you can be sure that certain groups are taking notes. Exact same situation as 2-3 weeks ago. We've all played this game before. The only strategy is "wait it out."
I figured that would happen today. "Huge Volume" on iHub, even though only $5,000 worth of stock changed hands. "Much ado about nothing," right?
Tesla was founded in 2003. Most people hadn't heard of them until about 3 years ago. Even now there are stories of stock-outs and production problems. SpaceX was founded in 2002. Most people hadn't heard of it until, maybe, last year. Similarly, MYDX hasn't hit it's stride yet. These things take time. (and...NO...I'm not comparing MYDX to these companies. I'm making a point that some of the most commonly discussed tech companies today took years to get where they are).
Look...if you want to "state the facts" day after day, have at it. But you're making my point. Why would you be doing that? Step back and see what the company can do.
(and...yes...some on this board take it to the opposite extreme. Both sides are frustrating).
Disagree. Financials aren't due yet. I don't have stats to back this up, but I don't think very many companies release earnings early. MYDX has a track record of filing an extension and releasing at the last minute. I'm expecting the same this quarter. I don't see that as a sign one way or the other, they are just a small company that's strapped for time and resources, so the K is not likely to get finished up early.
I don't agree with that. MYDX is trying to take several products to market in a highly regulated, immature industry. On top of that, they are developing the technology. It's a slow process.
Starting a business takes longer and costs more than expected. MYDX is no different, and there's no guarantee of success. The one thing that MYDX is dealing with that most companies don't have to is the constant badgering that this stock takes. Individuals that don't have a long interest, and claim to not have a short interest, are loudly critical.
Pick any product/company that you don't like. I'll bet you don't talk about it on any sort of a regular basis. You have no reason to. But MYDX is shackled with this every single day.
Wasn't mine, I cut and pasted from an earlier post. RussianRedneck has been....MIA....for a while so thought I'd bring him up to speed. He may have been busy .... "demurring," if that's a word.
The Lawsuit that most of the conversation is about surrounds this guy. Are you familiar with him, RUSSIANREDNECK?
(apologies to My2B...I cut/pasted it from one of your November iHub posts).
Jerome Dewald And The Misleading Campaign For Marijuana Legalization In New York
#################################################
Mydx civil Lawsuit against Jerome Dewald whos latest endeavors as the leader of this campaign are not so well taken In New York. According to articles in high times, Einpresswire etc:
This Is Who MyDx Is up against In Court. EZ PZ
https://hightimes.com/news/misleading-campaign-marijuana-legalization-new-york/
===AuthorJerome Dewald Restrict & Regulate in NY State 2019===
Advocates for right to possess, cultivate & use cannabis in NY say they will reconstitute Marijuana Reform Party if Prop 1, call for ConCon, fails this Nov 7.
https://www.einpresswire.com/article/413687067/marijuana-legalization-advocates-reconstitute-marijuana-reform-party-of-ny
=====Dewalds Campaign Shot Down==================
New York State voters were soundly rejecting a ballot proposal Tuesday night to hold a constitutional convention following a multi-million dollar campaign by public employee unions against it.
http://nypost.com/2017/11/07/ny-voters-shoot-down-constitutional-convention-proposal/
=================Earlier articles==================
Jerome Dewald: Legitimate Marijuana Activist or Constitutional Convention Con Man?
http://www.freedomleaf.com/jerome-dewald-legitimate-marijuana-activist-constitutional-convention-con-man/
Jerome DeWald of Restrict and Regulate in New York views a Constitutional Convention as an opportunity to change the way New York regulates and enforces cannabis laws. (Audio Interview 12 min)
http://www.wnyc.org/story/747ab92f807ecd6e8c838517/
Lexaria Bioscience Corp is listed as a seed donor For Dewald's Site
http://www.cannabis4ny.org/endorsements/
====There are groups that want to divide New York ======
Using a constitusional convention Dewald Was Pushing For.
Step-by-Step - Divide NYS Caucus
http://www.newamsterdamny.org/
====================================================
An Interview with Jerome W. Dewald - How I Raised a Million Dollars in 90 Days!
No...not right. I have no idea what you're talking about.
You and I are on the same side (I think)....but what does that even mean?
Might want to pop those numbers into a spreadsheet to see how it would work out. Just sayin'.
Just poked my head in to see how the day went. "Thanks" to whoever it was that pushed us green for the day. Appreciate the effort involved. I'll buy you a beer at the MYDX Millionaires party.
It's 100% guessing. Anything else would be insider information.
A demurrer is a parachute...an attempt to get the judge to let you to bail out of the lawsuit entirely. It's black or white, yes or no, success or failure...you're either in the lawsuit, or you're out. 5 out of 8 isn't good enough (especially when one of the points that the judge responds to is extortion).
The parachute failed to deploy.
It's kinda both, actually.
When is the last time that you heard an announcement about those products? I haven't heard anything about them for...what...close to a year? Or did I miss something. Strategies and directions can change. Maybe they did.
A million share wall is "business as usual." It's realistic for that to be taken out as part of a normal trading day. 14 million shares that seem to be "all or none," and that stagnate for 2 weeks is a whole different thing.
Are you saying something has changed since the original filing?