MYM Nutraceuticals Inc MYMMF

Am I overthinking...?

[BadgerMe]

Their office building address changes raised small red flags for me. The Granville location seemed rather empty this last year, and now their updated Pender St location seems empty as well, or its an aprtment building.  I live about 2km away. 

With all their missed deadlines, no progress on Maple Ridge (now defunct with no explanation) laval or weedon (I suppose you could call the cleared land and framing done progress but cmon), and directors playing musical chairs (also with Ian Ramage resigning earlier this month) Im starting to think the pump and dump is real. There is also joshua tree, hempmed etc that were bought out, now suspended.

I'd be curious to see all the funds they've raised through PP's and what to date is listed as an asset.  We know they will require millions for weedon phase 2 and 3.  Where has the money been spent? 

I know people get flack for bringing negative speculation to the board, and Im all for the positives as Im holding a decent chunk, but I cant shake the feeling that management isnt as transparent/forthcoming as they should be.

There are so many documented failures with MYM and even what should be construed as positive (weedon, laval, neverending partnerhsip with colleges, international companies) turn to negative as they dont deliver.  If they were making progress with LPs, completion on time of facitlies, then all these partnerhsips would be great building blocks, but without the former they are just distractions.

The orginal schematics had 300,000 sq ft from weedon being completed by now, they then moved the goal posts and said 30,000 sg ft of phase 1 - 300,000 sq ft of phase 2 - fully complete phase 3 at 1.5 million sq ft.  Now it is 30k phase 1 and phase 2 (soooo no phase 2?) then 1.5million phase 3. They change the deliverables on their website and make no mention of it.  I dont like the cut of the jib...