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Campeese

02/23/17 6:44 PM

#23339 RE: goldpenny7 #23337

I appreciate you taking steps with FINRA, however I've been investing for quite some time, I'm very aware of what a R/S is. You need to look at the technical's, financials, chart patterns etc.

The stock has not been tanking because of the threat of a R/S, it's been dilution. Every investor in here is extremely aware of the dilution that tanked MYDX. It's a tech startup, it's not cheap to start. Their revenue has been increasing tremendously since inception.

If you're a chart person, you'll see it's now flagging - individuals who only trade on patterns will jump on it, regardless of R/S or dilution.

If you're more into the financials you'll wait until you get the status of the remaining toxic debt.

CDX confirmed we'll have an update shortly. We'll know more, but speculating this has tanked only because of the threat of a R/S, which they have 1 year to decide on is preposterous.

West Coast Snapper

02/23/17 6:55 PM

#23340 RE: goldpenny7 #23337

Reverse splits are only bad if there is still toxic debt on the books. There won't be any more toxic debt shortly

stockless

02/24/17 12:54 AM

#23348 RE: goldpenny7 #23337

Least of my worries really. It still depends on what the company is doing financially in the future. A R/S can be a move up to a higher otc level, or NASDAQ.

No stock that is successful wants to stay in OTC pennies.

Daddy Rick

02/24/17 4:19 PM

#23378 RE: goldpenny7 #23337

I got the paper work, i the mail,
from MYDX saying it could be 1-250, 1-2000, or even 1-2500. It was already voted on and approved BUT no mention of when OR if.....
I e-mailed prior and explained a RS never works, the higher PPS ALWAYS just falls back, plus a few other "suggestions" (politely lol). They replied, "All options are being considered". That was the entirety of the reply. No, Dear Rick, no Thank You, kiss our a$$....NOTHING. lol. I got in @ .02 so this is he**.
(That was just after the filing)