That story is weak, I don’t buy it. The defendants are all over this one and have been since last March. It’s as simple as the defendants et al having proven control over the market after it peaked some time in April 2017 and volume started slowing, they proved they could move the sp down on low volume days which provided leverage when submitting the extortion letter to MYDX CEO. This theory I am offering which I was suspecting before MYDX even announced it had filed its complaint to the court which involved a formula that equates to securities fraud against MYDX.
The theory goes something like this:
The defendants bought shares along the way up from .001 to .02+ with the flow of the market, they could have even been the ones responsible for causing the buying frenzy March 2017. Over 1 billion shares were traded before market officially slowed.
The market is controlled by any individual holding more than average daily traded volume. The defendants, by the end of the buying frenzy, could have held somewhere between 200million and 4 or even 600 million, how can anyone know for sure without an investigation. Even with 200million shares, the defendants could have sold for profit all the way down to their breakeven which could have been for example .005.
On a daily basis, the defendants could spread any story they want about MYDX and it would be believable no matter how false because who is going to believe MYDX success when the sp keeps dropping. Check the volume for consecutive months and even consecutive days between April and July and then from August through the end of 2017. How many of those days were traded below average volume and how many of those below average volume trading days were closed in the red and how many of the above average trading volume days closed in the green? The answer is staggering in favor of red on lower than average volume trading days and green on above aversge volume trading days.
Anyone promoting that it is dillution is full of shit. Dillution would be higher than average volume trading days consecutively resulting in red closing. This has never been the case for MYDX. I believe the defendants proved controlling volume of the market and then submitted the extortion letter that MYDX claims they received as part of MYDX’s filed complaint to the court. How many shareholders sold their positions short of their targets out of fear and how many have stuck it out through today since March 2017? I believe you have fewer that stuck it out compared to how many held on.
The theory goes something like this:
The defendants bought shares along the way up from .001 to .02+ with the flow of the market, they could have even been the ones responsible for causing the buying frenzy March 2017. Over 1 billion shares were traded before market officially slowed.
The market is controlled by any individual holding more than average daily traded volume. The defendants, by the end of the buying frenzy, could have held somewhere between 200million and 4 or even 600 million, how can anyone know for sure without an investigation. Even with 200million shares, the defendants could have sold for profit all the way down to their breakeven which could have been for example .005.
On a daily basis, the defendants could spread any story they want about MYDX and it would be believable no matter how false because who is going to believe MYDX success when the sp keeps dropping. Check the volume for consecutive months and even consecutive days between April and July and then from August through the end of 2017. How many of those days were traded below average volume and how many of those below average volume trading days were closed in the red and how many of the above average trading volume days closed in the green? The answer is staggering in favor of red on lower than average volume trading days and green on above aversge volume trading days.
Anyone promoting that it is dillution is full of shit. Dillution would be higher than average volume trading days consecutively resulting in red closing. This has never been the case for MYDX. I believe the defendants proved controlling volume of the market and then submitted the extortion letter that MYDX claims they received as part of MYDX’s filed complaint to the court. How many shareholders sold their positions short of their targets out of fear and how many have stuck it out through today since March 2017? I believe you have fewer that stuck it out compared to how many held on.
