Why MYDX is a shell company.
3 separate classifications of authorized stock
Series A Preferred = 51 Shares - All DY, worth 51% of Issued CS shares at all times.
Series B Preferred = $0.001 par value; 10,000,000 shares authorized - always exercised or sold by DY, YCIG or "an outside investor" (i.e. likely a DY run trust) for a 1:1000 conversion ratio for CS at a price of $0.0001. Series B shareholders are entitled to $0.10 annual dividends.
CS for lamens on the board to accumulate and fund the Series B conversions, that get sold right back on the market.
Notes in the form 4 denote, On June 30, 2017, Mr. Yazbeck sold 100,000 shares of Series B Preferred for gross proceeds of $50,000.
Yazbeck gets $50,000 from one of the 7 trusts, the trust can convert those 100,000 Series B to 100,000,000 CS shares and sell it today for $300,000. And guess who's running the trust...that's right, Yazbeck.
DY is probably smoking investor money as R&D, using Gen Admin for flights, hotels and clothes, and dropping night out expenses under Sales & Marketing.
MYDX QRG for how to create a shell company:
1.) Buy an "Analyzer" and company from a guy in Latvia.
2.) Produce a limited # of random number generators.
3.) Drop the occasional PR
4.) Put up websites
5.) Occasionally introduce a new medium to garner another flock of sheep as "investors"
6.) Always have a product pending/coming soon, but never release it.
Bam, shell company.
Beautifully litigious and legal. Gotta love land of the Pinks.
