I've seen the term "fundamental trainwreck" used to describe MYDX.
If you want to see trainwrecks just look around you. I looked up the top 10 stocks on the iHub breakout boards. Only one had a 10k posted (most had no SEC filings whatsoever). The one that was current was a non-Edgar version. None had any audited forms or statements whatsoever.
MYDX is transparent. What you see is what you get. They file the required SEC forms each quarter, and give honest commentary (along with about 80 pages of industry standard boilerplate). If you don't care for 1.8m in G&A expenses in a year (rent, insurance, salaries, telephones, travel, professional fees...basically everything except R&D and Sales/Marketing) then go downstream to a smaller non-reporting or private company. If you're trying to launch a new product, a certain level of expenses are required. If you are concerned about the risks associated with marketing plans that haven't paid off yet, then by all means pull up eTrade and put your money in SPY. You'll get your 8% return with a lot less risk.
MYDX isn't perfect, and it hasn't hit its stride yet. Products are coming, marketing is churning...hopefully sales are coming. I think the future is bright. IMO.
