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Sounds like a line from a Bing Crosby movie.
"....informed them to be weary?" What does that even mean?
Need more of a swing than that, right? Basically yesterday you could buy at .0006 and sell at .0005. Would need to buy, and waaaaiiiit for 2 ticks up to sell at .0007 (but for 15% TSLA would be much less risky). Which happens, but not on the same day. I've done it here a couple of times, but it's not guaranteed. I held 20m shares for several years and sold them on the bump up last winter. If it drops back to .0002 or maybe 3 I'll risk it again.
400m shares. Busy day.
10K filing any day now. Fiscal Year End was 5/31/20, so K is due by the end of August.
5/31 should give plenty of runway to see results of international testing acceptance, progress towards US approvals, etc. if you're in business to develop disease tests then this is as big as the stage gets.
Fingers crossed. 5...4...3...
Fingers crossed.
Likely a K filing very soon, right? With the entire country making little covid progress, and BMRAs advances with testing, I expect there will be quite a bit of good news on the filing. IMO.
The last several years they filed the K on 8/31. Any reason to think they'll do anything different this year?
Any guesses as to how the year will shake out?
Ok. You said "They’ve not filed a quarterly nor annual...." so it sounded like you had missed some information. Was just trying to bring you up to speed.
K on 4/25/19. Q on 6/7/19.
There's never been $5.7m of liability on the balance sheet, so I'm not sure where we go from here.
Sooo...in 2016 the PPS went from .62 to .006.
The company started the year with $144k in the bank and ended with $35k.
The ENTIRE BALANCE SHEET tipped the scale at $490k.
And there's some thought that maybe MYDX just abstractly decided to pay the CEO out $5.7m dollars?
I'm going to go out on a limb and guessing that we're missing some details.
I'm in a hurry, so let's go with your numbers.
1.155m with 411k deferred. That's $744k, over 5 years (2014-2018). That's an average of $149k/year. A long way from $400-$500k/yr. He lives in San Diego...I don't think that $150k/year is tonning it in SoCal.
He hasn't taken out anywhere close to that...likely not even $100k. The unpaid salary has been rolled up into a liability on the balance sheet.
That footnote was included on the 10K (i.e. 12/31/18) but not on the Q (3/31/19). I don't know if the fact that the tooling was stated to be unused at Q4 but not addressed at Q1 means anything at all, or if you should interpret that to mean that the tooling was put into use in Q1.
You'll only be able to see one lump sum depreciation number, so you won't be able to tell how much relates to Tooling. I wouldn't make any assumptions based on that number.
It's tooling expense, shown as an asset on the balance sheet. It's a fixed asset. There's no other option.
Changes in Depn on the Cash Flow stmt don't tell you anything.
You're making the assumption that the tooling isn't "complete," or isn't usable. Under those scenarios you would, indeed, write the tooling asset off.
But if the tooling is being used in production, then it's a fixed asset just like any other, and would be depreciated. You wouldn't see the asset amount decreasing over time.
Oh my. Is that really a question?
Not restless at all. As a CPA and financial professional I'm just disagreeing with someone who states that filing a 10Q with the SEC is simple. It's not.
I don't know what kind of half-assed Q you're talking about, but if you do it up to SEC expectations it's not simple, and it is expensive.
Great. You have, I have, a a million other people have. And we all know that it's not simple, and it's expensive.
Look, I get it. Late. Ok? I'm just responding to the attempts to make an SEC filing sound like a trivial task. Trust me - IT'S NOT. It's time consuming and expensive.
If you've ever filed a Q then you'll know that there's nothing simple about it.
Didn't say it was one trade. 11.8m shares purchased today. I wonder who purchased them?
Wonder who bought the 12 mil at .0005?
A good day's work: https://t.co/amA9tCyxt6
I'm out. You guys and gals have a nice weekend.
Who knows? I don't. I assume that you did your research and say that it happened. I don't have time or inclination to fact check you, so let's just say that you're right.
Be that as it may, that's not MCG and DY writing themselves $4.5m in golden parachutes (i.e. that's not the topic that we were discussing). This is a different issue.
Let's be honest. Everyone here is speculating...myself included. That's what iHub is all about. A bunch of people guessing and getting irritated about it.
There's plenty of weird stuff that's happened, but nobody ever wrote a check for millions of dollars.
I just don't see a million dollars worth of liquidity to provide that kind of payday (in the company or in the stock)
A million bucks? There's no way...
??? Dewald never worked at MYDX.
Uh...that most assuredly is NOT a fact.
I haven't seen any Form-4s filed...ever. Did I miss it? Because if they're selling stock and not reporting it, that would be a real problem. I'm sticking with the obvious - Yazbeck isn't selling stock.
I'm not a lawyer, but this is what I see:
This Information Statement has been filed with the Securities and Exchange Commission (the “ SEC ”) and is being furnished to the holders of the outstanding shares of Common Stock. The purpose of this Information Statement is to provide notice that a stockholder (Mr. Yazbeck, our sole officer and the sole member of our Board) holding a majority of the Company’s voting shares (the “ Majority Shareholder ”), has, by written consent dated July 5, 2018, approved of the Corporate Actions (the “ Written Consent ”).
Holy cow. What is your basis for saying that?
You didn't even add the customary "IMO."
Ahhhh...thanks. That helps (NOT!).
What you're saying is that on any given day you can say "Lots of Dumping" just because every buy has an offsetting sell. That's taking a lot of leeway.
Really? What are you looking at? iHub shows more buys than sells.