There's a delicious irony in the MYDX catchphrase "Trust & Verify." The more due diligence done about the company, y'know, VERIFYING their claims, the more everything smells rotten about the company.
Let's see....
- Fake reviews on Amazon
- CEO throws auditors under the bus on 10-K release, contradicts his own words.
- $1,700,000 China "deal" is dead.
- Carefully worded PRs to make people think things are rosier, only to see SP drop when financials released.
- >10:1 cost of revenue ratio.