Agreed! A Golden Cross is very possible here.
MYDX financials mimic both some of the most successful startups and some of the most successful startup failures in publicly traded companies.
I believe the contentious view many have of MYDX is due to the misunderstanding of MR. Yazbeck at a more personal level. They see him as a underfunded and under experienced CEO. The later being true but he is obviously a quick learner with a network of very experienced business individuals.
If you have ever spent any time out of this country you will understand Mr. Yazbeck and the people around him better. Yazbeck investments was created before MYDX and it was done because of the opportunities he saw holding the positions at Panasonic and Pfizer. He has access to capital with out a doubt. I can best explain this by referencing the structure of your neighborhood Asian or Middle-Eastern quick mart gas station. You will notice that they come in as a family unit, combine resources and continue this business model till they have several stores. He is tapping business associates, family and friends, many from Lebanon and Canada to make MYDX's recent push. I believe this is being done through Yazbeck Investments to keep public exposure to a minimum.
My only confusion is why the lack of distribution follow through. It takes almost no effort to sign these non-exclusive agreements to get sales mobilized. A 700 to 900 analyzer is only going to receive so much Ecommerce attention without serious ad campaigns.
Anyhow I like the backed by fact slogan. Your assessment is excellent. MYDX chart is representative of several successful NASDAQ companies that see investor interest fade as they set up the next move only to fill large gaps quickly then repeat the process. Lets all hope this is one of those plays!!
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