MyDx Inc. (fka MYDX)

[goldpenny7]

A Reverse Stock split is doom for small investors

MyDX has come down from .0023 to .0013 since just the 1st of February and all the way down from .0050 since the end of 2016, ONLY (imo) because of the uncertainty MyDx has created by suggesting a Reverse Stock Split - and going a very long time by not doing it or announcing they are not going to do it. It hangs over MyDx's investors' heads - and thus billions of lost shares because - in the 'penny stock basement' a Reverse Stock Split is the 'kiss of death'. It is legal highway robbery to SMALL investors who stand to lose ALL their investment in a reverse stock split (R/S).

MyDx will continue to fall until they call off any reverse stock split.

Most 'dirt bag' penny stock basement companies announce the reverse split on Friday after closing to become effective Monday at the opening bell, thus not allowing small investors to sell off their shares.

I held MyDx in the .0020's but dumped it ONLY because of this 'sword' of a Reverse Stock split hanging over all MyDx share holders' heads. I didn't need that extra worry. I would buy back into MyDx in a 'heartbeat' once this R/S threat is gone away. Thousands of other investors would also.

For any R/S, MyDx has to give FINRA a 10 days advance notice. I have already contacted FINRA's Ombudsman and asked that they look into either having FINRA or the OTCmarkets establish a page showing the upcoming reverse stock splits 8-10 days in advance. They said they would look into it. I think it is rather 'stinky/fishy' that they don't already have such a warning page.

I would immedietaly buy back into MyDx ONLY when/if this Reverse Stock split THREAT goes away. And that is exactly what it is now to countless small investors - a threat of impending doom. They can increase the authorized shares. I think that would be far better than a R/S.

It is unfair to small investors, that neither FINRA or the OTCmarkets has such a WARNING page. It is almost like (imo) that they are 'in bed' with these penny stock companies against the small investors. As you will notice OTCmarkets ONLY has a page announcing today's reverse stock splits and NOT the upcoming ones which small investors need. OTCmarkets only R/S page is here: http://www.otcmarkets.com/market-activity/splits

I for one would love to see all penny stock investors contact OTCmarkets and FINRA and demand such an Upcoming Reverse Stock Split web page. Contact FINRA here: http://www.finra.org/about/office-ombudsman