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Projections = an estimate of future possibilities based on a current trend.
What's your based current trend?
Decades of future projections based on inaccurate current trends = more false data than 5-10 years.
LMAO...I just shot water out my nose.
"I'm an Investor..I have projections!"
Thanks I needed that today.
How much "Money" did it bring in between May and Sept of 2017?
Current stock price is still higher that what Mydx itself determined during the 1st nine months of 2017...when 144,000,000 shares of common stock were issued for services valued at $473,800...or 0.00329 per share.
Incorrect, Mydx360 is a service, SaaS.
Defined as such by Mydx, in their 10-Q.
2. Nature of Business
MyDx is a science and technology company that develops and deploys products and services in the following focus areas:
1) Consumer Products – smart devices and consumables
2) Data Analytics – pre-clinical chemical analysis and patient feedback ecosystem
3) Biopharmaceuticals – identifying ‘green Active Pharmaceutical Ingredients
TM, (gAPI
TM) and corresponding formulations
4) Software as a Service (SaaS) – Software services for prescribers, patient groups, cultivators, and regulators
That would a service, not a product.
It's been almost 4 years since MYDX and had a product release.
https://www.mydxlife.com/history/
'Destined' needs to be replaced with 'positioned'.
Blind faith does not make a person a shareholder vs. "psuedo: shareholder.
Just because I question what, in my perspective, are large warning signs on long-term viability of an organization, does not make my long-term investment any more/less important.
Many in history have blindly walked into a slaughter.
Since when is a company a one person? I thought all the shareholders were the company?
Goals are not judges, they are aspirations to achieve. Good job googling inspirational quotes on time.
TRANSPARENCY - Clear and accurate information empowers progress.
Reveal Truth. We will show you.
Who wrote it?
Business goals can be measured against time to track how you are progressing.
Besides companies focus on physics with their product creation...what companies measure themselves against gravity?
Nor does he have a proven track record either.
You have to set goals to define success. Since time is the only constant, that is a good baseline.
Yes, goals can slip, delay, etc...Good with that. But you need stretch objectives and target timelines to drive success. Yes, I get the ship date of the Pen is one of those. I would like to see a little more to gain any confidence back in Yazbeck, IMHO.
100% agree, and much of this gets to the root of my worries with the long-term potential.
I want MYDX to be successful, but my DD belief Yazbeck has the skill set to achieve that is beginning to waiver based on results from the last 24 months.
I'm not trying to convince you to get out, as a still in and supportive shareholder myself, it is concerning the combination of no Year-End financials and no PR addressing that or key upcoming events to keep shareholders supportive.
Even in rough times, good CEO's keep shareholders "somewhat" informed...never fully informed.
I was referring to the year-end K.
I'm well aware Q1 is not due yet, and first hand understand the struggles of being a small company strapped for time/resources.
Trust is not blind.
CEO's should be efficiently decisive, have conviction, be engaging, adapt proactively, and deliver reliability.
Which of those is Yazbeck currently achieving? By staying silent and not communicating with the company (shareholders)?
Correct, Shareholders own and provide funds for the company to create a success. So how is not communicating with Shareholders beneficial...except to keep up the image of a failed company for the lawsuit. (which has almost 10 months before initial court proceedings or settlement)
So what should be the #1 priority of the CEO? Ensuring the lawsuit is a success, or ensuring the company is a success for it's shareholders?
Currently, it appears the lawsuit is #1.
I wouldn't do that...MightyX might say you are a trader because it's below the .01 threshold.
Touting false claims of a windfall of $29 Mil is irresponsible. Winning in court is perfectly fine. Recouping funds perfectly fine. Advertising it as an almost guarantee daily is just plain unscrupulous.
That I am good with and all for. They should be held accountable. And MYDX should try to recover what funds it can...but the later is very unlikely.
You have to admit that MYDX has not help themselves at all by not releasing financials and no news on confirming the release date. Those are typically not positive behaviors of corporations.
IMHO, Chapter 7 will be announced before any additional news.
There is no reason to delay additional public announcements, financial results and confirmation of shipment dates, unless your intent is to use the potential for medical device designation and potential lawsuit results as bargaining chips to pay company liabilities.
It's about to be up in a accurately measure dosage of proprietary vape!
If you feel that strongly, buy more MYDX!!
Chapter 7 - IMHO that is the only outcome I'm expecting to see from Mydx in 2018. No news, no financials, no confirmation of releases.
I hope to be incorrect, but hope is not a method.
Yes, how does that correlate with your lack of belief as an investor in providing additional funding now at a lower level than your initial investment, if you believe it will be on the NASDAQ in 2020?
Boom, any.more questions? (or afwul gammer)
LMFAO...how many flies are buzzing that pile you just dropped?
Investor = Long-term focused on belief of company/product.
Trader = Looking to make a profit (quickly)
Both want long-term success.
However, your definition is you would be a trader if you bought additional stake in your belief at a lower SP than were you are currently positioned.
That is not moral high ground or logical...just proof that you've reached your maximum amount of strong belief financially that you are willing to support MYDX with.
If you believe in MYDX, and you have the means, it does not matter your previous purchase price...as it would be logical to purchase additional 'belief' at a much cheaper price.
If that belief is not strong, then it is logical your have a price ceiling/floor you are willing to exceed...as your belief wanes tremendously below .01
But do not tout what a great buy it is, if you aren't willing to become more vested yourself.
If you believe strongly, you would continue to acquire. The old saying...putting your money where your mouth is.
I'm in support of legally holding other accountable for unethical actions...I'm just perceptive to the fact of 2 things:
1.) With Trust and Verify being in the company mission statement...not being able to manage that regarding hiring/partnering practices is a HUGE concern for any investor.
2.) MYDX will likely see zero ROI from the lawsuit. Customers/developers/market1stmoveradvantages...gone.
Recoup of lost $$, unlikely, as individuals will declare bankruptcy.
Again, I'm an investor...just the constant Law is mightier than all postings are short sighted. Martin Shkreli was within all legal rights to raise prices of Daraprim. (and before you retort, his conviction was for securities fraud not related to Daraprim price hikes).
It's Yazbeck's lack of DD in hiring/partnering practices that is the root of MYDX's legal, manufacturing and financial situations.
There are many examples in history of companies taking advantage of investors, within the confines of the law.
Legal obligations do not equal ethics.
And ethics are subjective, as well as morals.
Wouldn't the right thing currently be full transparency of financials and confirm hit/miss on Release dates?
Versus, no communication with your investment community and hiding in the shadows tight-lipped?
I would be surprised if all the copper pipes and electrical wiring hasn't been stripped from the potentially leased office space at this time.
Agreed, but sometimes *hit happens when appropriate internal controls aren't in-place or ignored and the innocents (investors & employees) usually take the brunt of the impact...ask Wells Fargo, Enron and Health South.
When you go into business with a snake, no one should be surprised when kittens come up missing. Wallow and cry how's it's not right and write laws to prevent and punish snakes, but those kittens aren't coming back and snakes can't read.
It is limited letter-of-the-law protection when the public image damage has already occurred, and it's possible the core competencies of company may never re-coup before competition fills the gaps in the market.
I too would like to see MYDX be successful, but there has been nothing in 12-18 months to support my desire for increased confidence.
Waiting patiently.
The lawsuit will have limited benefit to investors. Even with a positive outcome for MYDX of $29Mil, after attorney's fees that would fall to below $20Mil.
Then you would have to expect individuals would file chapter 7, and there would be limited to no means for collection.
If no chapter 7's are filled, most collections still have a 10 year repayment period.
So, the BEST case could would provide $2Mil annually, which would not begin to be collected until after all appeals are closed...so sometime in 2021-2023 at this rate. Don't hold your breath for that.
As an investor, the best outcome from the lawsuit is most likely saving face that prior corrupt parties are no longer involved in the company.
I'm an investor, but a realist too.