MyDx Inc. (fka MYDX)

[shajandr]

The cost basis is IRRELEVANT for CONverters - all they need is VOLUME.

They gett the SAME, GUARANTEED profit no matter what the PPS is (typically they buy at 50 percent of market and thus always double their munny and sell immediately and bear zero market risk).

Butt they need buyers for their shares. ALL they need is VOLUME.

They CONvert in drib and drabs. DUMPING immediately with each CONversion so they bear ZERO market risk and get their 50 percent discount (a 100 percent profit!) - or whatever their discount to market is in the financing agreement) with zero risk.

So, for those of us who have been following the pennyscam markets for over 30 years, we know how CONverters work, and they work exactly as I stated.

They dump until bid volume dries up. Then they stop and lett the PPS recover and draw in more suckers to build the bid. Then they CONvert the next tranche and DUMP those shares immediately by WHACKING the bid.

Lather. Rinse. Repeat.

All the way D-O-W-N.

See it ALL the time.