MYDX TECHNOLOGY IS GROWING FAST!
MYDX IS THE ONLY COMPANY ADDRESSING EVERYTHING IN ONE HAND HELD PACKAGE.
MYDX was talking about doing everything that is happening today over 3 years ago. From talk to market in 3 years is incredible for the best of companies.
AeroDx will see a entirely new market of investors that would never search a cannabis product. The AeroDx, OrganaDx, AquaDx are the future of MYDX period! This is why the China market is still in play without a doubt. In fact, in almost every country including the US air, water and soil pollution is a major concern and adequate testing facilities are often days away. By simple investigation MYDX has a Chinese subsidiary and points of sale already in place. If the distribution and license agreement is read, it becomes obvious that by terminating the agreement in phase one the only thing off the table is exclusivity. MYDX may still be entitled to payment as well. Simply put the termination released the binding agreement but as with NDT they can choose to still do business together. I expect more details forthcoming in future filings if it is required. One thing is certain, if there was ever a market for the AeroDx China is topping the list...
https://www.sec.gov/Archives/edgar/data/15823...ydxinc.htm
MYDX IS THE ONLY COMPANY ADDRESSING EVERYTHING IN ONE HAND HELD PACKAGE.
MYDX was talking about doing everything that is happening today over 3 years ago. From talk to market in 3 years is incredible for the best of companies.
AeroDx will see a entirely new market of investors that would never search a cannabis product. The AeroDx, OrganaDx, AquaDx are the future of MYDX period! This is why the China market is still in play without a doubt. In fact, in almost every country including the US air, water and soil pollution is a major concern and adequate testing facilities are often days away. By simple investigation MYDX has a Chinese subsidiary and points of sale already in place. If the distribution and license agreement is read, it becomes obvious that by terminating the agreement in phase one the only thing off the table is exclusivity. MYDX may still be entitled to payment as well. Simply put the termination released the binding agreement but as with NDT they can choose to still do business together. I expect more details forthcoming in future filings if it is required. One thing is certain, if there was ever a market for the AeroDx China is topping the list...
Quote:However, should the Parties determine that the results of the activities of Phase One were not satisfactory to both parties, this Agreement shall terminate pursuant to Section 7.2(b). This Agreement shall not be deemed “material” for the purpose of regulatory reporting and no disclosure of this Agreement shall be made until the completion of Phase One.
Quote:EFFECT OF TERMINATION. Upon the effective date of termination or expiration of this Agreement for any reason, the obligations and responsibilities of the Parties one to the other contained herein shall cease; provided, however, that the same shall not release Licensee from payments which may be due to Licensor as a result of prior sales or prior obligations incurred, and these shall be paid as they become due; and, provided, further, however, that all obligations with respect to confidentiality, return of intellectual property and other obligations which by their nature are continuing or which are Agreement shall survive the termination or expiration of this Agreement. Licensee may, at its option, cancel any outstanding order for purchase which has not been shipped by the effective date of termination.
https://www.sec.gov/Archives/edgar/data/15823...ydxinc.htm
