DD Support Board and Research Team

[nodummy]

MYDX - Belize money laundering deal

Did you notice that MYDX did not disclose the consulting agreement with Lynx Consulting Group Ltd (the entity using a known money laundering address in Belize) until November 23, 2016 - the day MYDX filed their 10Q for the period ending September 30, 2016

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11705681

They attached the consulting contract to that 10Q

https://www.sec.gov/Archives/edgar/data/1582341/000121390016018918/f10q0916ex10ii_mydxinc.htm


Seems pretty suspicious. If the consulting contract was allegedly signed on April 3, 2016 why didn't it get mentioned in the 10Q filed on May 20, 2016 for the period ending March 30, 2016 or the 10Q filed on August 15, 2016 for the period ending June 30, 2016?

It wasn't mentioned until after the $1,000,000 debt owed to Lynx Consulting Group Ltd was already transferred to Phoenix Fund Management LLC

https://www.sec.gov/Archives/edgar/data/1582341/000121390016018918/R17.htm

On October 5, 2016, the Company, Lynx Consulting and Phoenix Fund Management, LLC (“Phoenix Fund”) entered into an Assignment and Modification Agreement. Phoenix Fund purchased the debt claim held by Lynx Consulting from MyDx. In settlement of the Claim, the Company shall issue and deliver to Phoenix Fund shares of its common stock as requested by Phoenix Fund, periodically, at a fifty percent (50%) discount from the average closing price of the Company’s common stock for the 22 trading days prior to the date of issuance. Upon execution of the assignment, Lynx released MyDx, Inc. from all liabilities under the original note.

How convenient that the transfer happened exactly 6 months and 2 days after the services were allegedly initiated.

The only reason I can think of that it didn't get mentioned sooner would be because the consulting contract was backdated to allow Phoenix Fund Management LLC to use the $1,000,000 debt to get free trading stock to dump into the market sooner.

Between October 1, 2016 and November 23, 2016 MYDX issued 112,087,172 free trading shares of stock for conversion of Convertible Notes Payable and settlement of other payable obligations. I wonder how many of those shares went to Phoenix Fund Management LLC to dump into the market. I wonder how many more shares Phoenix Fund Management LLC has yet to go to dump into the market.

Most likely Lynx Consulting Group Ltd provided absolutely no services for MYDX and the only purpose for the consulting contract was to create back dated debt that could be used by Phoenix Fund Management LLC to dump free trading super discounted shares into the market.

If the consulting contract was backdated then that would mean the MYDX CEO, Daniel Yazbeck, is in on the scheme which makes me wonder if he is getting a nice kick back out of the whole thing.



More info about Phoenix Fund Management LLC and Lynx Consulting Group Ltd at the following link:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126937561