Replies to post #18062 on MyDx Inc. (fka MYDX)

[Stock_Goodies]

For him to make any money on purposefully defaulting on the loan, share price would have to be above 25 cents. And that's assuming that none of the $200k loan has been paid back.

[sheeponwllst]

He's going to do what makes him the most money and going in default sounds like he gets a nice 6 figure profit and will never have anyone trust him again or he can continue to build the business and make a 7 figure profit annually someday...I see that as a way out of things get worse but not as his current strategy...he's too young to ruin his name

[DarthYoda]

Well, Yazbeck has had plenty of opportunities to "purposely default" on the YCIG loans and hasn't as can be seen on page 23 of the 10q. Why hasn't he? If he intended or intends to default, why pay any of the previous YCIG loans off at all? According to your interpretation of the loans and their purpose, he has already chosen to cut himself out of future "profits."

He has loaned the company $275k total as can be seen on the same page (23) of the 10q. He has already chosen to pay back $75k of it. Referring to the YCIG loans as some individual $200k loan in a vacuum that is just waiting for default is inaccurate at best. It has been incrementally borrowed and incrementally paid.