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lol if you wait for news or runs, it seems every stock is out to get you. This will have one more run soon even without no news. IMO we'll see a RTO type move. Website has money put into it and if it was a pump and dump they would have fluffed it more.
Or it could be a scam like a majority of these .000s haha I think thats why most of us play here though.
This makes no sense. Need to know basis? Shareholders deserve all info that can be given legally. I had shares in this until 10k came out. 10k showed no company direction and lack of funds. 10k showed increased profit was primarily due to double advertising expense. 10k showed they lost assets and cut administration costs. These are all signs of a dying business. For this to survive it would so much cash. Look at the products cost.. 800k sales and 500k product costs. You cannot run a business with that product margin. Thats why costs are already so high. I want everyone small to make money, I also want everyone to realize @ this current time this stock is in major trouble.
Dilution isnt the problem. Its a broken business model that used toxic financing. The data is the only bright point. The 10-k showed, even with sales this company cannot produce profit. Out of 800k, 500k went to product costs. Close to $2 million advertising for 300k? Those are the numbers people need to worry about. Future products etc wont happen unless they get tremendous non-toxic capital injection or partnership. With those numbers, I dont see anyone touching them.
Dude, volume is meaningless in OTC. It is MM's creating artificial volume to lure in buyers. This is their job. They move hundreds of billions in otc for no reason, just to inflate volume in the otc market.
Itll happen before December. The 10k was filled with more shady financial deals than actual sales. Nothing positive whatsoever, people dressing this up so others can lose money while they try to recoup losses is shitty.
At this time, I don’t see a need for the reverse split, but we maintain the right to do that, of course, should the right institutional investors come on board. But at this time, I don’t see a need to do the reverse split.
On December 25, 2016, Mr. Yazbeck, in his separate capacities as sole Board member and as the holder of a majority of the Company’s voting shares, voted to give the Board, at any time or times until December 25, 2017, to adopt an amendment to the Company’s Articles, to effect a reverse stock split at a ratio of (i) 1-for-250; (ii) 1-for-500; (iii) 1-for-750; (iv) 1-for-1000; (v) 1-for-1250; (vi) 1-for-1500; (vii) 1-for-2000; or (viii) 1-for-2500, such ratio to be determined by the Board, or to determine not to proceed with the reverse stock split.
Crap crap crap. Fantasy land for this product. You act like there is some supreme conspiracy to keep this product down. Big money buys whatever they want, period. If this had any merit, it would be bought or licensed. There is no communication between shareholders besides someone hunting them down. Only chance this will run is just for pump and dump or new management.
With all due respect, yes it does. He can sell, or even give them away. I can give my stock away. Rather easy to do buddy.
Haha Company is losing cash head over heels and the dude is sitting on a billion shares. Lets see, instead of diluting more shares for financing or business expenses, he could give up some of his? This company is designed as an atm. He will just sell data and stiff shareholders. As for the 16m loss, I don't care where it went... The idea of someone running a company for 300k gross profit and 16 million losses is deeply disturbing.
These are some terrible numbers on the 10k. Here are some reasons why I'm out of here.
On December 25, 2016, Mr. Yazbeck, in his separate capacities as sole Board member and as the holder of a majority of the Company’s voting shares, voted to ratify the MyDx, Inc. 2017 Stock Incentive Plan (the “Plan”). There are 150,000,000 million shares available to be issued pursuant to the Plan. Between January 1, 2017 and March 23, 2017, 78,000,000 shares have been issued.
He owns 1,548,474,219 shares himself.
Assets were cut in half from year 2015 to 2016.
Biggest point was record revenues of 800k this year. They did that by doubling advertising expense from 1 million to 1.9 million. BTW that gross profit on the revnue was 300k. Product costs were 500k.
Net losses went from 6 million in 2015 to 16 million in 2016.
The most mind numbing stat ever... The company gross profit was 300k and we lost 16 million. Try to dress that pig up however you like it.
Yeah. mm's are keeping it in place until they let it run. If CDEL goes away or loosens itll run that day. Imaginary volume.
This will find .01 fast but tomorrow might be ugly. You don't run like this without people taking profits. If we end green Id be so friggin amazed. I'm big into this stock by am realistic.
CEO doesn't give a shit about shareholders. If he did he would get them money. Just think about how long hes let shareholders suffer @ .0001. Do you think all of a sudden he'll forgo more money to share it? This is a crooked company. If it had any inkling of going anywhere, big money would be behind it. Its a .0001 stock that supposedly has a ground breaking technology... Just think about that.
Just look @ level 2. There are no markers from mm's that this can run. 10,000 ask by CANT @ .0002 shows this. The 10,000 asks are markers in OTC. What you have daily are mm's fabricating volume to entice traders. God knows how many people dumped thousands in this thinking its about to run, its all fake volume. mm's have 26 million asks @ .0001 just waiting for retailers. Then 370 million @ .0002.
MM's are just holding this down currently. 10,000 asks @ .0156 and .0503 are what got me here. Watch level 2s of otcs and you start seeing those 10,000 asks as markers for the mm's.
Check out the cofounders facebook post. She tagged the twos instagrams post.
https://www.facebook.com/mariel.a.reyes.422?hc_ref=PAGES_TIMELINE
I dont mind you being blunt, Id rather people post correct or insightful information instead of constant fluff. I dont see what I said was incorrect. The filing info is correct and you assume they have this massive outstanding float. Watching level 2 shows you why the volume is insane. Its just NITE, CDEL and others ass grabbing each other. Yeah there could be much more dilution but we dont have facts. Facts are last calculated float was 1.7B. Market cap was 170k. I wouldnt follow this company longer than my flip since I am not here to invest in it, just when the mm's let it go.
I am @ close to half a million myself. I flipped two batches earlier, so I dont have as much as I once did. I will keep accumulating lows and flipping highs. My average now isnt the best, bout .004. Once he lets out the Kraken that Gary Vaynerchuk and Rick Fox are backers, itll supernova 2-3 days in a row. I have like 3k tied up in dead bio stock that Ive been waiting on for BO's. OCRX AUPH I could go on and on. Wish it was in this.
1.7B shares outstanding. The market cap is 170k. 10k due date for Non-accelerated Filers are up to 90 from end of year,so end of March. 45 days for 10q. The 10q should be here by 5-15. The 10k was NTed so they get an additional 15 calendar days so they should have filed already. SEC lets some get away with delinquent filings case by case. As for any shares they have created in the past they have been restricted. Only 1.7b available to the public.
How many shares you sitting on and what average?
It was an RTO. I believe this is Rick Fox and partners dabble into a publicly traded E-sports company. One of the co-founders of GGMedia posted the Riviera tour on her facebook and tagged Rick Fox and Gary Vaynerchuk. Such a high float though is the only problem, they must do a RS in the future or prove the stock is in safe hands.
That post @ the Riviera studio was also posted by other cofounders. One of them tagged @garyvee , who is https://en.wikipedia.org/wiki/Gary_Vaynerchuk. Another tag is @deisnuts , who is an associate of GaryV, and @imrickafox who is Rick Fox himself.
Here is the cofounder post. https://www.facebook.com/mariel.a.reyes.422?hc_ref=PAGES_TIMELINE
10:00 Pacific duder. That's not for another 2 1/2 hours.
Oops wrong board
Holy crap. Checking TNEN's sticker today showed they went up 400%
Check this out.
http://finance.yahoo.com/news/tnen-secures-position-italian-shoe-120000999.html
TNEN became majority stakeholder of Lecrown back in 11-2015. Simmons took over CEO of TNEN in 06-2016 and our boy Nicolo became CEO on 09-2016. Than again earlier this month Simmons retook control of CEO of TNEN, because of Nicolo pursuing other interests. Nicolo has been CEO @ TXHE since 11-2016. More importantly, he was appointed president and sole director.
TXHE and TNEN both have the same address. 24624 I-45 North #200
Spring, TX 77386. Even better is that this video on Youtube,
Good thing is itll pump vol up.. Might attract more buyers.
200m bought? That cant be right, happened in 1 minute. It was a sell, my bad.
I, myself think RTO like AMLH. Hard to say but this CEO is a high up in Lecrown.
Check this out.
That's interesting man.. I wonder if Nicolo will do a RTO and bring Lecrown to public.
LOL right. What BS. This is a gold mine.
I wish I could just send your boom picture to him after your message.
PR PR PR PR PR. PR PR PR PR. PR?
Anyways lighten up. If youre holding bags, more posts are better. News, which is PR, is what drives stocks up. There is no magical fairy that comes around to inject money for no reason.
Im a new holder with 3 mil. I like otc stocks like this since the upside is tremendous. Risk is high, so are chances of holding for months but Ive made some legit money with these types. I did my DD. Just one good run and I can make 5k so I can wait.
Just needs positive PR and it can take off. Hopefully its an RTO in the works.
Haha You aren't smart. You make it seem he has some huge group of traders constantly selling shares. Pump and dumps are done by now, they pump it up and sell major. We are seeing shorters and people scared from the stop sign. BTW hes a young man with a promising future. This scam could have netted him tops 250k. Running a true company can make him millions if not billions. Ruin reputation for small money or try to run a legit company?? Looks like legit co to me.
We need a product first. Im behind this stock but it wont run without a product. The selloff recently is reflecting just that. You will see it run and fall until a revenue stream is shown. As for the CEO, dude is brilliant. RTO instead of an IPO. He needs to change stock name to something flashy. He isnt hiding behind a social media account created for this company, but his own. This puts his reputation on the line.
Will see a dip in the morning. So buy when you can. Many will be looking to sell the profits.