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This was previously explained today in fact..... but here is the blurb that one will find most interesting.
Enforcing a Settlement Agreement
Courts have inherent power to enforce settlements between the parties in cases pending before them.24
However, courts have no inherent power to enforce settlement agreements after a case has been dismissed: “Enforcement of the settlement agreement . . . is more than just a continuation or renewal of the dismissed suit, and hence requires its own basis for jurisdiction.”25 When the original action has been dismissed (without retention of jurisdiction to enforce the settlement agreement), a new action must be filed in a court having subject matter jurisdiction. This generally means diversity jurisdiction because enforcing a settlement does not involve a federal question.
Wow...
Ummmm... no, I was Not talking about a judges decision or plea bargain. This is referring to the out of court settlement that lead to the dismissed case... Not a guilty or innocent judgement was made. Einstein... SMH.
I have heard bs on both sides of the isle. Just wanted to see if everyone could move on until anything is filed.
Enlighten us all on the settlement terms otherwise this is all hearsay. If there is definitive proof of what the terms are of the settlement are, outside of what MYDX chose to disclose, I'm all ears... Crickets... Crickets
It's just as likely to be an issue with MYDX as it is with the defendants. Until then I say we put this to bed.
Read my post from earlier... I quoted the exact reason that a legal case will be closed from courts perspective due to settlement and not dismissed from the plaintiff. A settlement breach is what this is referring to. No cases are open to date that I'm aware of so until they, MYDX, say it's dismissed the matter is not fully resolved in accordance with the settlement. Debate exists in only what those terms may or may not be.
I'm just saying no one, outside of the company, should actually know what any terms are, bad or good for the company. Can this finally rest.. any updates would be pointless without a new case. It's just interesting that the matter is not dismissed. Could be anything.. either way let's just put this thread to bed until further evidence in court or company filings.
That is based on what evidence... Perhaps there is a sneak peak of the settlement agreement... Please enlighten us all if so... Otherwise there are no public records available to see those precious settlement terms. Cheers.
Appears that a lot of people needed to see this. Also if there is some sort of time frame for settlement than a breach can't be filed before then.
Everyone should read this before comments continue about the settlement... Clearly a case can be dismissed in court but not dismissed by the original plaintiff
This Link will help to understand the legal aspects.. https://www.lexisnexis.com/lexis-practice-advisor/the-journal/b/lpa/posts/enforcing-settlements-and-consent-decrees
I'm going to pull out the important part of the link so to not make one read the whole thing....
Enforcing a Settlement Agreement
Courts have inherent power to enforce settlements between the parties in cases pending before them.24
However, courts have no inherent power to enforce settlement agreements after a case has been dismissed: “Enforcement of the settlement agreement . . . is more than just a continuation or renewal of the dismissed suit, and hence requires its own basis for jurisdiction.”25 When the original action has been dismissed (without retention of jurisdiction to enforce the settlement agreement), a new action must be filed in a court having subject matter jurisdiction. This generally means diversity jurisdiction because enforcing a settlement does not involve a federal question.
Look up the case... Or any other case that ends in settlement. They will all show dismissed... Then look at case that were filed for breach of settlement... Hope this ends this annoying thread of comments.
Wow, read up on the law.. dismissed from Court via settlement. That means that the case can be reopened if settlement is not adhered to. No one knows the terms and MYDX has said the case is not dismissed. Until they refile the case as breach of settlement then the courts will list it as dismissed. Simple easy and the law. The only speculation is what were the terms, and why would it not be dismissed from the plaintiff yet. Likely terms are not being adhered to.
Perhaps there was more than the 5k payment, that's the big question. Fact is only a few people know what that is. We will only find out more if MYDX reopens case or files a new one. Depends on if the courts were given information on the settlement terms or not. We know according to the filings that MYDX has not dismissed it... Could it be a mistake... Sure. But for everyone else the courts only show it was dismissed for settlement, this fact is always true when a settlement is reached in court.
There was at least a hundred boxes shipped out. It's likely just being pulled for the zeros issue and will be put back on order soon as that is fixed.
That is true.... Would like to see it all come together here though soon.
They sold 5 million dollars worth of stock. They're private. Still with all that money from investors they're late on delivery of the product.
They are warrants... TRD accepted warrants as payment. Warrants still have a price to pay for the shares. If MYDX succeeds with its patents then we will see a huge price bump and those warrants will be used. If not it won't. Just waiting for the patent office here essentially.
That article says it was going to launch in April... It's September... And they have taken 5 million in investors funds. What now... Should we open an investigation? Lol
Yeah I keep checking in on that companies status. They're app looks clean and polished.. perhaps they are having a tough time getting medical device approval as well.
They have said they put those off to focus on the pen and the California cannabis market. Perhaps this will be helpful... GoFire.. a similar dose tracking vape that was announced shortly after ecosmart pen is also still in pre-order. Let's see who launches first.
Scams I see don't have products like MYDX. This pen that's been significantly delayed is another story. I hope to see a pen launch with it's capabilities and should see very nice returns from this point. If no pen ever launches that is different. Not all companies will succeed in OTC. Just need to play several and see how it goes. There is obviously risk, simply put I don't see the inventors looking to take a loss here. The warrants are at .001 watching for the day it opens up there or higher on news. Patent is pending, let's see if they get it.
No one knows what details are with the settlement. Anything other than the 5k payments is speculation.
11 million on the ask at .0006... Yawn... Sitting here until news breaks. Patents are filed... Growers in California are signed up... Just waiting for the launch now. Still no updates from company as they choose to remain quiet about most of this. I wonder how many people will be chasing this one up.
Yeah MYDX is not pumping, they're doing the exact opposite of what a scam would do. Spending money on manufacturing and their software. But sure make wild accusations.
100k went through at .0006 yesterday. More today?
There is always be random sells here and there. Just keep an eye on the largest of the orders. There was a ton of sells a few weeks ago and I have seen that slow to a crawl. New notes are going to be eligible for conversions soon so hopefully MYDX is going to launch before they start to convert
Riiight... Looking at the selling amounts it shows that no one of real value is selling. Just MMs keeping it moving.
Wow that's called a tick.. same happens on the way up my friend.
Spoke to soon... Besides it was on 301 shares.. or 12 cents. Lol. Let's watch what happens next.
I think it's a sell, gee some heavy diluting in effect. LoL. Watching this closely for the pop
Stocks about to pop by the looks of it.
Your forgetting to account for the warrants.. it makes it like 100 million. But like I said I'm waiting to see if medical avenue is further along in process. Even just a vape for recreational would put this stock into the low .002s.
Untested products killing people, all the more reason to have companies like MYDX. Quality control and testing is needed for this industry. State laws are slow to catch up with current trends, private/public companies need to step up
Looks to me like that pen patent is theirs, TRD warrants. Sure would be weird to actually file a patent if it's a scam. Not to mention where is all this pumping? I see no attempt what so ever to pump the stock. They have been quiet on newswire for a long time. I'm just a believer in the vision, not paid by anyone to post here. Love to see this company do well especially with all the vape issues these days. Any person who doesn't want these vape issues to be cleared up is a low life. Putting vitamin e in vapes to stretch their products, shame on them and all the more reason to have companies like MYDX.
I doubt it's going to go that high... Too many shares out. Unless the medical element of the pen is further along than we think. I'm looking at the mid .002s as temporary exit with what they have in motion. More if the medical piece is truly amazing. All depends on what is revealed.
Yeah this is a nice setup for the rally. How many shares will be desired by those on the sidelines. How far will they push it... I'm guessing that the trips will disappear quickly without much volume, some flippers will exit at .001 and then it's going to be another low volume move to the mid .002s . This all depends on the news and pen release. Sure has been quiet regarding this for some time now. TRD accepted warrants at .001 .. they're likely more aware of what is going on than anyone else regards to the pen.
There is a 15k fee for 360 service, of which there is several clients... 100 plus units of the analyzer at 600 a pop. I'm thinking 150k revs is pretty close to accurate. I'm just having fun putting people to work on any bullish comment I make. Cheers.
Thanks for doing the math on my comment. Cheers.
We knew it all along. Sorry to those who gave back their shares. It's gonna get really interesting when the pen drops and the revenues jump over 10000%. Wonder if that's when the pr storm is going to be.... Tick tock
Sure looks like they are keeping quiet to me... look at the last few months. Could have put out several PRs if they wanted to fleece investors... RS expired, products shipping, app updates, likely more we don't know. Im liking the price action too. Hold on tight its gonna be a nice ride from here. Hope everyone is averaged in at the current level.