Both as an investor and company, thinking long-term is good. As for the company, there are some difficult decisions that are going to have to be made.
How is MYDX going to survive without additional funding? Yes, the dire assessments in the 10-Ks are seen in nearly every report of similar companies....but the reality is the company does need cash.
The current revenue and debt incurring levels are not sustainable. The current 0.8:10 ratio in spend vs. revenue needs to change....and fast. ~$200k in supposed deposits for supposed backordered devices are good, yet it wasn't long ago that the ~$218k in the court settlement in March was supposed to be an MYDX savior and propel things to the promised land.
Licensing deals and too good to be true PRs are not viable long-term strategies. Don't believe me? Note how the SP goes south when the financials are released. I suspect that when Yazbeck issues those PRs, those are mini P&D campaigns, realizing the financials are going to put MYDX back into the red.
Something needs to change, and fast, for MYDX.
