MYM Nutraceuticals Inc MYMMF

RE:RE:RE:RE:RE:HUGE Bug Is Spreading To MYM

[RockMaschine]

I'm staying conservative in my expectations. Alberta announcement was after the last quarter closed, yes. However they only have two SKUs in that market of 3.5g size. I dont know at what point between end of Aug and Nov that reached them. Likewise the first batch at Laval may not have shipped until November. Taking a known 1.3-1.5 million a month that was constant when Biome was operating Highland is the safe bet. Anything extra is icing and I expect this current quarter to give a much better idea how things are ramping up. I also believe Lavals first shipment is Coastal Connection product, 14 & 28 g sku with possibly better margin.
I'd like to address the general attitude that exists on this board. Maybe I just take my investments more seriously, certainly because I have tens of thousands tied up in them. Its evident that people who rode the wave back down did not thoroughly understand what they were buying. Just like almost every other company the ambitions could not be met and certain LOI and deals had to be nulled. However if you actually paid attention you would realise nothing has really stopped and it was largely HC that delayed everything. First news about Laval license submission was Feb 2017, it took almost a whole 3 years to get that granted.
Think about the time, money and effort that would be needed to build such a platform today. The unfortunate case is that there were many other placements done at higher prices. Peoples greed here fueled that speculation. But that money was not entirely wasted. MYM sits today with positive working capital and very little debt compared to its peers. Total shares issued of 220 millon is not that bad. There are a lot of options and warrants overhanging. Its my opinion that once the numbers prove the business model the SP will rise. Millions of exercised warrants will bolster the cash position and prevent any need for raise or further loans at bad rates.
There are lots of programs out there for those who lack the financial literacy to read a balance sheet or form coherent sentences. This could all be in vain but it never ceases to amaze the ignorance that can develop on these boards. Own your business, have conviction and if you got issues, sell and move on.