Replies to post #46159 on MyDx Inc. (fka MYDX)

[Huggy Bear]

How did you miss the 250 thousand dollar compensation disclosed in that short paragraph I just posted from the MYDX financials on EDGAR?

[Huggy Bear]

oh ok that explains no compensation, case solved.

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

Sweet deal eh? The non disclosing promoters got 250K, Silberstein got 250K worth of stock at 50% discount, and the best part is

THE PUBLIC PAID FOR IT ALL.

Hire the crisis communication specialists to assist in the sale of discounted shares, and then pay them, in effect, in discounted shares.

Sweet deal for the insiders and the promoters. Albeit illegal.