Replies to Post #115290 onDD Support Board and Research Team

Replies to #115290 on DD Support Board and Research Team

12/01/16 8:37 PM

Thank you. I didn't realize you are also investigating the MYDX shenanigans. And as usual, far above par due diligence. Your first post gets at the crux of my DD over the last week and then some.

Regarding this Lynx Consulting Group LTD, are they an actual registered business in Belize? I searched all over for the actual existence of the supposed company to no avail. But I did not think to check Belize business registry data bases, if that is even possible.

The registered address for Lynx Consulting Group LTD is PO Box 4301 Road Town, Tortola BVI, which jumped out at me from the Panama Papers. Another well known money laundering spot with dozens, maybe hundreds of shell companies with no actual operations funneling in money from elsewhere.

ICIJ also has information on this address used in many schemes to defraud.

https://offshoreleaks.icij.org/nodes/14081675

If the consulting contract was backdated then that would mean the MYDX CEO, Daniel Yazbeck, is in on the scheme which makes me wonder if he is getting a nice kick back out of the whole thing.

Indeed there is no mention of this consulting deal with Lynx Consulting Group LTD in existence in the earlier quarterly filings. No 8-K either, and one would think a legitimate SEC file would disclose a million dollar consulting contract.

Yazbeck appears to be no stranger to penny stocks. His Yazbeck Investments has been around since 2007 according to the Yazbeck Investments website, although I have not checked any official registry there. Plenty of time to learn the ropes and make connections before whipping up this MYDX pot testing device, which has very mixed reviews to say the least. Someone claimed to test oregano in it and it came up as having a 12% THC content. Now that is here say granted but...

https://www.yazbeckinvestments.com/group/

Many other interesting things are in the current 10-Q.

On December 10, 2015, YCIG, Inc. ("YCIG"), an entity owned and controlled by Daniel Yazbeck, who is an officer, director and major shareholder of the Company, entered into a Loan Agreement (the "Loan Agreement") with the Company. The Loan Agreement provides that the amounts loaned accrue interest at a rate of 12% per annum and all amounts loaned are due and payable on or before September 29, 2018. The amounts loaned may be prepaid by the Company at any time without penalty. The Loan Agreement provides that in the event of a default, the loan amount becomes immediately due and payable, which may be repaid by the Company in its election in cash or a number of shares of Company common stock equal to four times the amount outstanding at the date of default.

The table that follows shows that Yazbeck loaned MYDX 200K so far pursuant to this loan arrangement.

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.

No direct mention of IRP, Investor Relations Partners here, just undisclosed "external public relations resources" and "PR resources" which considering the amount of deeply discounted conversions going on I interpret to actually be non disclosing promoters. They are not properly disclosed in the filing with the SEC. And of course no promoters have disclosed a compensated position anywhere when they prop up the stock which is undergoing constant dilutions with 50% discounted shares.

And as with IRP and their earlier contract in April, which coincides perfectly with the firing up of the MYDX Ihub message board by the way, the public winds up paying for it all via the sale of freshly minted shares carrying a 50% discount.

The SEC filings for MYDX read like a who's who of toxic financiers with the exception of this newcomer to the scene Phoenix Fund Management LLC. I am inherently distrusting of any company that requires you to register with them to view information.

http://www.phoenixfundmgt.com/Home.html

Also inherently distrustful of any company that gags their transfer agent, ESPECIALLY a SEC registrant.

What is REALLY going on with MYDX. On another point check out this expense item.

Sales and marketing 1,588,884

MYDX sold 60 units last quarter. Where did all this money actually go?

MYDX reeks of an insiders, promoters, and affiliates enrichment scheme at the expense of the public to me.

Care to join me on the MYDX board? If not may I post your due diligence you share over there?