InvestorsHub Logo
Followers 69
Posts 3911
Boards Moderated 1
Alias Born 10/05/2016

Re: Huggy Bear post# 13010

Friday, 11/04/2016 12:49:18 PM

Friday, November 04, 2016 12:49:18 PM

Post# of 107737
Toxic debt is over... this past week is the result of it being executed... now we all see green for months and months to come as MYDX grows and grows. The shareholders will become less and less willing to sell at these low levels and price will climb steadily.

Time will tell but they have no need to take on this kind of debt anymore. Look for financial results in the next week to confirm the companies growth is still on track but other then that this is ready to fly.

Toxic debt is always a pain to have to account for but once it is done it can't hurt the company anymore as long as they don't allow investments using those vehicles anymore.

Currently they have no convertible debt on their balance sheet... assuming that was the last conversion... which I think it was.. they last reported having 500k left on sheet and that was 500k worth of shares.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.