Replies to post #17672 on MyDx Inc. (fka MYDX)

[gitreal]

I haven't looked yet, but I wonder what the CEO paid himself here, over the last three years?

[BeamMeUpScotty]

This is why I never average down

[Huggy Bear]

These guys made money. Where are the disclosures from all the promoters?

Debt Settlement

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

So promoters have been engaged to assist in volume, and to prop the stock up, during the selling of its convertible debentures, as admitted by MYDX themselves.

And yet it is attempted to be spun the opposite direction.

It is strictly prohibited to promote a stock from a compensated position without disclosure of the compensated position.

This is the precedent where the SEC first applied Section 17(b) to internet promotion of securities, SEC vs. Black, 2000.

https://www.sec.gov/litigation/admin/33-7885.htm

And the real kicker is the public paid for it all via the selling of 50% discounted stock by a Phoenix Fund Management, LLC.