Replies to post #22947 on MyDx Inc. (fka MYDX)

[West Coast Snapper]

of course cost basis matters.....if they can't get out of their stock and they sell it to their cost basis then they are stuck or have to take a loss before they can submit another conversion, so cost basis MATTERS

[RadioSilent]

The cost basis is IRRELEVANT for CONverters

Wait...what?

Their effective cost basis is whatever they did to end up with the shares to begin with...right? If I'm a ToxGuy and I loan MYDX $10,000, then I get my money repaid in shares, with a 45% profit. Right?

So if the stock is at .002, then I get (10,000/.002) X 1.45 = 7.25m shares. So my best bet is to redeem ASAP...before somebody else beats me to the punch and drives the PPS down.

Am I off base here? I thought that's what was going on.