MyDx Inc. (fka MYDX)

[Huggy Bear]

On April 1, 2016, the Company entered into an agreement with a number of external public relations resources (“PR Resources”) specializing in shareholder communications and crisis communications in an effort to support the Company’s investor communications relating to its convertible debentures, nearly all of which were being converted and sold during this time period thereby causing severe pressure on the stock, as well as the implementation of a number of strategic public relations programs designed to introduce the Company’s AquaDx product line by leveraging off the water crisis in Alabama, Flint and Florida. (the “Agreement”). For the requested services, the Company was to pay a one-time payment of Two Hundred Fifty Thousand Dollar ($250,000) (the “Claim”) upon the signing of the Agreement.

On May 24, 2016, the Company and Phoenix Fund Management, LLC (“Phoenix Fund”) entered into a Claim Purchase Agreement with these PR Resources to purchase the Claim held by them. Phoenix Fund executed a Settlement Agreement whereas the Company and Phoenix Fund agreed to resolve, settle and compromise the Claim. In settlement of the Claim, the Company shall issue and deliver to Phoenix Fund shares of its common stock as requested by Phoenix Fund, periodically, at a fifty percent (50%) discount from the average closing price of the Company’s common stock for the three trading days prior to the date of issuance.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11705681

Not a single disclosure by the crisis communication specialists - EVER.

Then on June 9th 2016 this is filed in Miami-Dade court, and approved, even with the glaring discrepancy regarding the company issuing shares to settle this supposed "bona fide" debt.

Two weeks after Phoenix acquired the debt they are effecting Section 3(a)(10) to have the public pay for the debt via deeply discounted free trading shares being sold to the public, thus effectively circumventing the six month holding period required by Rule 144.

https://promotionstocksecrets.com/wp-content/uploads/2016/12/MYDXPhoenix60816.pdf

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