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That’s very interesting. I wonder if he still has relationships with these Japanese partners.
The court case will likely show that many of the defendants are being paid by people wanting the MYDX technology for their own company. Or by those who are afraid such a empowering piece of technology will actually be created. Who would not want consumers to have the means to test their food?
Perhaps the food industry who stand to loose billions of $ when people are able to test their food/water.
A technology such as this could transform our world by reducing the amount of chemicals being sprayed in it.
We all realize (especially those who want MYDX’s technology) that if they realize their goals of successfully producing a handheld analyzer of the chemicals in our water and food MYDX will be a household name and a normal household product.
I have a degree in environmental health and know the need for testing our food, water will only increase in the future.
Great article and it only serves to show once again MYDX is on the right track for the future of cannabis. It’s way more than so many people realized.
MYDX does exist to many, many actual investors. Other forums have hundreds of investor/followers. We are confident that MYDX will succeed.
Wow Thanks for putting in the time and energy Gator, that’s a solid synopsis.
On stockhouse (Canadian ihub equivalent). There is rumors of a buyback...who knows.
Did it really just bottom at 4.20...
Is there news? I can’t find any yet
Way to go Rascal. I am in a holding pattern with my 21million. But if it goes much lower count me in.
It’s not the day to day that matters here. MYDX keeps moving forward and the share price will follow eventually.
As a shareholder I would be disappointed if they released this kind of news on any other day than Friday. It limits panic selling. By the time the weekend is over it’s old news.
I have been continually impressed by the shareholders of MYDX. They do not usually sell out of blind fear. I do not plan on selling any of my millions of shares at this point.
The more I think about it the more impressive it is. They are going to buy back 4,000,000 plus shares!
Bitcoin will probably take at least one more nose dive before blastoff. However, I really like this company because of its inroads into Blockchain more than its mining operations.
Yes I have orders in for more as well. Buy when everyone else is selling in a panic. It is likely We will look back at this time and low share price with regret we did not buy more.
I agree longs are holding. It would be crazy not to.
Well it’s getting crushed but I am not selling at these prices. Seems like a lot of unfounded panic selling. Yes there are some unknowns but there are plenty of known here and the future continues to look bright.
Unless they finalize the loan soon it will keep falling I suppose.
I just bought some more too. Seems like they have a good management team in place and diverse Blockchain clients including the FBI.
That’s great news! Thanks for digging this up. That’s a lot of shares they are buying back. This combined with the jump in bitcoin today should really move this thing but who knows it’s the OTC.
DMGI was up 30%. (Same company different exchange)
I read that Danny Deadlock (analyst) picked it...
http://www.dannydeadlock.com/
He spoke about it in a recording today or yesterday. He’s been around a while but not sure if he is just a pumper or a real analyst. :).
It sure seems to be cheap SP even for speculative stock.
Wow! I have no idea what happened. But it seems it was something positive. Huge volume, big price move.
If anybody knows What’s up please post.
MYDX holding up well compared to other MJ stocks. I am looking forward to the future here. One step at a time.
For all the investors in MYDX and other cannabis stocks: You may know this already but I enjoy hearing it often:
“The U.S. Federal Drug Administration (FDA) approval of GW Pharma’s Epidiolex recently has put the FDA and the Drug Enforcement Administration (DEA) on a collision course. The more we look into it, the more convinced we are that GW Pharma is correct. The DEA will reschedule within 90 days, probably in the 60 to 90 day range. Remember, Epidiolex cannot be sold by pharmaceutical companies while cannabis is on Schedule 1. CNN medical correspondent Dr. Sanjay Gupta expects the clash to be resolved in 90 days.”
Ted Ohashi
Yeah I agree people are holding for the most part. There are also lots of people on the sidelines waiting to see what happens here.
Overall this can be construed as a positive day. There is no doubt that MYDX has interesting technology that can change our world if it comes to fruition. Luckily in the meantime they have data which I believe has a value much greater than people realize.
I know I should not like the fact they may do a reverse split but I am happy about it for the most part.
Will people freak out and sell if it does happen?
Probably. I will hold and see what happens.
MYDX investing Is a risk for sure. I may be wrong but I feel the potential windfall outweighs the risks.
I see that Yaz’s family are investors so I appreciate that he is working in earnest to increase long term shareholder value.
The future of Cannabis is becoming more and more personalized to fit the users needs.
MYDX has the data to capitalize on this future.
Great post Rascal! Thanks for the effort to put it together...I see more positives than negatives for sure.
This is from Ted Ohashi...
He has a good free newsletter and writes for Seeking Alpha often. He is well respected.
I wrote about DMG Blockchain in early March as it had established a business relationship with one of my recommendations at the time - Emerald Health.
The blockchain stocks have gone into a swoon since then. However, in interviewing management again, their business plan is intact and they are forging ahead with their plans.
They anticipate positive cash flow in the second half and they have cash of approximately $.20 per share. They will allow them to pursue their business plan without issuing shares.
Management continues to strive to meet its milestones.
Summary: On March 6, 2018, I wrote an article on DMGGF Block- chain (TSXV: DMGI) (USOTC: DMGGFGF) that I looked into because of their association with Emerald Health (TSXV: EMH) (USOTC: OTCQX:EMHTF). The timing was terrible. The stock had run up to over $1.25 per share U.S. and had settled back in the $0.90 per share U.S. range. The stock, along with all the other blockchain public companies, immediately plummeted. It isn’t the first time in my life that my timing has been off and it won’t be the last. But taking a lesson from the past, I have found persistence frequently pays off. If my fundamental assessment of management and the company were correct just two months ago, the stock market will come back to reflect those facts.
After my discussion, I felt positive about the basic business of DMGGF and the way in which management is responding to the market. From DMGGFGF’s current price, which is close to the level of cash and equivalents on hand of $.20 to $.22 per share, I believe the returns could be extraordinary.
I wrote about DMG Blockchain in early March as it had established a business relationship with one of my recommendations at the time - Emerald Health.
The blockchain stocks have gone into a swoon since then. However, in interviewing management again, their business plan is intact and they are forging ahead with their plans.
They anticipate positive cash flow in the second half and they have cash of approximately $.20 per share. They will allow them to pursue their business plan without issuing shares.
Management continues to strive to meet its milestones.
Summary: On March 6, 2018, I wrote an article on DMGGF Block- chain (TSXV: DMGI) (USOTC: DMGGFGF) that I looked into because of their association with Emerald Health (TSXV: EMH) (USOTC: OTCQX:EMHTF). The timing was terrible. The stock had run up to over $1.25 per share U.S. and had settled back in the $0.90 per share U.S. range. The stock, along with all the other blockchain public companies, immediately plummeted. It isn’t the first time in my life that my timing has been off and it won’t be the last. But taking a lesson from the past, I have found persistence frequently pays off. If my fundamental assessment of management and the company were correct just two months ago, the stock market will come back to reflect those facts.
After my discussion, I felt positive about the basic business of DMGGF and the way in which management is responding to the market. From DMGGFGF’s current price, which is close to the level of cash and equivalents on hand of $.20 to $.22 per share, I believe the returns could be extraordinary.
The Share Price: obviously the stock price today doesn’t reflect all the things DMGGF is doing from a busi- ness perspective. Right now the market is in a funk and DMGGF could make the greatest announcement in history and no one would care so the company is planning a different, “old school” approach. Steve Eliscu is the Executive Vice President of Corporate Development. Formerly he was head of finance for Bitfury and for nine years previous to that he was a semiconductor analyst on Wall Street. So Steve is very much the ana- lytical, numbers guy. Dan Reitzik is more of the big picture, visionary type. Steve and Dan plan to combine their skills and take DMGGFGF’s message direct to investors through road shows across Canada and into the U.S. Managment wants to explain to people the basics such as: Who is DMGGF? What does DMGGF do? What sets them apart? In this instance, management is responding to feedback from their shareholders and financial advisors. DMGGF’s investment bankers are supportive and will set up meetings in Vancouver, Calgary, Edmonton, Toronto, Montreal, Ottawa, New York and Boston. Management wants to get started as soon as possible and will outline details of their plans at the appropriate time.
Risk Factors: there are risk factors that investors should keep in mind:
1. The blockchain business is relatively new and unproven and carries the risks associated with an im-
mature industry. For example, there is little operating history. This is the case for everyone in this
industry.
2. Thecompanyisnotyetrealizingnetincomeorpositivecashflowandmayhavetoraiseequitytofund
to operations although an equity issue is not expected in the near future. Such capital may not always
be available.
3. Thesharesofblockchaincompanieswilllikelycontinuetobehighlyvolatileandtheremaybelackof
liquidity in the financial markets.
Factors that May Offset Risks:
(A) Although the industry is new and unproven, more seasoned and experienced businesses have engaged DMGGF as clients and investors.
(B) Although the company is still dependent on the market for capital, management has a proven track record in this regard. Management also appears to have a sound vision that will create both short term and long term revenue and income.
(C) The ups and downs in the market are generally beyond a company's control. However, it appears this management group knows what is necessary to satisfy investors and the markets and this can have the effect of reducing some of the volatility. In the recent correction, DMGGF has shown this to be the case. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours
Introduction: My philosophy is that if I expect followers to take my advice good times and bad, my followers have every right to expect that I will provide keep you updated good times and bad. What we need to deter- mine now is whether the current price reflects reality or is DMGGFGF vastly undervalued? My conclusion is the stock is greatly undervalued. The fundamentals at DMGGF Blockchain are excellent in my opinion and aggressive investors will be rewarded on investments from current levels.
Management: I spoke to Dan Reitzik, CEO recently and I was pleased to learn the company is forging ahead with its business plan. They understand as I do that stock prices fluctuate but that should not stand in the way of moving forward with building the company. They continue to work toward diversification in operations and report progress on several fronts. As a consequence, I am even more confident in my positive assess- ment of management than I was three months ago.
Bitcoin mining and hosting: "mining" Bitcoins is the way they are created. DMGGF mines for itself and for others known as Mining as a Service (MaaS). "Miners" use computers to solve complex mathematical prob- lems and success is rewarded by receiving new Bitcoins. In the beginning it was decided that 21 million Bitcoins would be the maximum and so far a little over half that amount have been "mined." As "miners" work on their computers they also verify transactions and that prevents fraud. This information is recorded as blocks of information that are joined together in chains. This process also creates additional income for the miners. In the beginning individuals could mine using their own equipment from home. But as mining gets popular, it is more difficult because you need more equipment, power and problem solving ability.
To address these challenges, DMGGF is having a substation built by their power partner to boost their access to power. They currently have approximately 2 megawatts available at the new facility, they expect to be at 40 megawatts by August and 85 megawatts in the Fall. When complete it would be the equivalent of powering the city of Kelowna. Such a development would ordinarily require 12 – 18 months and they will do it in ap- proximately four months. If complete by the fall of 2018, DMGGF will be the largest Bitcoin mining operation in Canada by a health margin.
There is strong third party demand for their services from China and Japan as well as local companies such as MOGO. DMGGF sells machines to third parties who pay a monthly fee have the machines operated. In addition, DMGGF receives a share of the Bitcoin mined. At the present time, all the mining is for customers as operations ramp up. But on an ongoing basis, DMGGF expects 10% to 20% of the mining will be for their own account. They are now into revenue now that is expected to grow substantially as the year goes on. Blockchain platform and product development: their recent acquisition of Blockseer in Silicon Valley is progressing well. They have two excellent people to drive the business: Danny Yang who is a PhD. from Stanford in computer science and artificial intelligence, and, Tim Eller, a Harvard graduate in mathematics and a PhD from UCLA in data science and mathematics. To date they have pushed out two products:
1. Blockseer: which is a forensics service used by law enforcement, the Internal Revenue Service, and others to track transactions in the blockchain from inception. This technology enable you to find wallets that contain stolen Bitcoins.
2. Bitscore:wehaveextensivedataonanywalletusedonthedarkweborthathasbeenflaggedbylaw enforcement, for example. This product will allow an exchange to make a risk assessment on whether they should do business with a particular wallet on a scale of zero to one hundred. DGM is now selling this product and customers have started to use it.
3. Indevelopment:thereisanewproductbeingdevelopedtohelphedgefunds,cryptotradersandothers to have intelligence to make better decisions when buying and selling crypto. This product will be launched in a month or so.
The mining side will be developing stronger revenue as we move ahead and should be doing very well by the summer. The programming operation is developing and introducing new products. So that side of the busi- ness is doing very well. Recently we put out a press release to announce that companies that are auditing blockchain companies are engaging DMGGF to help them ensure all the crypto currencies are there and haven’t been skimmed off, for revenue recognition and so on. This was a very small contract but it was the first one and we can expect more to come.
If you were putting in insects, dust...in there then the warranty is void. It’s no different than other electronic warranties.
I feel it’s difficult to separate them into just 2 categories and there effects stoned and healing. They work together along with over 400 chemical entities.
We are still at the beginning stage of learning what Cannabis has to offer.
The important point is that these compounds effect people differently. That’s why using MYDX as a part of a personalized medicine discipline can be effective in finding out how the compounds effect you.
That’s the best explanation I have read yet.
Whether your in to MYDX or not you can learn a lot by checking out the Total Canna Profile info on the MYDX website:
https://www.mydxlife.com/service/total-canna-profile-tcp/
Kind of glad it slow down today. Slow gains are better than the big runs which increase in price quickly and people sell fast to capitalize on their gains.
Oh maybe you forgot the Press release cancelling the Reverse split late last year.
More People are starting to realize with the right investments of time energy and money MYDX could be a leader in personalized medicine and limiting the hazards of toxins in our world.
Perhaps I am wrong but isn’t the move to start a trade war in part because China has been so unscrupulous in there business dealings.
Perhaps there will be some retribution for MYDX and the China issue.
And the “ breakout” has not even happened yet.
That’s a great forecast! If everything goes as planned that’s not an unreasonable price target.
Some investors will be lucky enough to get in at these present lows and ride it up for months.
Or the Cannabis industry will get hit by more negative sentiment and it will flounder for a while longer.
You mean buy! Lol MYDX is on the cutting edge of Cannatech. The share price will follow the industry up and up. Yes it’s speculative and can be unpredictable but sentiment is turning positive that’s for sure.
People will soon realize that these shares will be harder and harder to get. I may be wrong but there seems to be a lot of long term holders in this stock.
I like this quote from the Forbes article:
“Cannabis legalization is in effect now, causing both a social and innovation revolution: We are witnessing a technology-driven transformation that may reshape the understanding of and experience with not only cannabis but other mature industries for years to come. As California rolls out its statewide, legalized, adult-use cannabis market, it will be a crucible for technology and innovation, providing state-of-the-art solutions through the reintroduction of a legal commodity with agricultural roots dating back approximately 12,000 years.”
It is down. It’s a crazy bargain now. :)
It definitely going to get some new eyes on MYDX. Especially from people who want to get into the Cannabis tech side of things.
Medical devices built for personalized medicine like MYDX has is the future no doubt.