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MYM Nutraceuticals Inc MYMMF

MYM Nutraceuticals Inc is a Canada based company engaged in the business of acquiring and developing natural remedies. The company is focused on the medical marijuana business by producing cannabis growing facilities and products.


GREY:MYMMF - Post by User

Bullboard Posts
Comment by BadgerMeon Nov 13, 2018 11:24pm
81 Views
Post# 28969827

RE:RE:RE:RE:Wow glad I got out. Similar to minining companies.

RE:RE:RE:RE:Wow glad I got out. Similar to minining companies.Weebles, weve been through this.  The LP issued by HC is out of managements hands, I cant blame them for delays, at least from the external optics.  That being said MYM has been around since what, 2014?  Nothing growing nothing selling.

Failed deliverables: 

- Maple Ridge facility
- Budly app
- Marketing campaign
- Phase 1,2 & 3 for weedon have all been pushed (goal posts keep moving)
- RVC withdrawing support of Casino, Australia plans (big red flag)

Growing concerns:

-They have very little liquidity, and their debt outweighs their cash on hand by x8.
-They estimate Weedon to cost 250-300million, to raise this at current share price, they would     have to increase their outstanding share count by what 400% (so major dilution)
- The government has said they want large scale production done on a national scale, creating an oligopoly.  The large players have been established, and will have economies of scale. Look at MYMs projections, their revenue projections has their (best possible) maximum output x like $8 a gram.  I dont even pay that at retail rates in dispensaries here in Vancouver.  
- Weve seen LPs issued and companies share prices stay the same. MYMs application for laval is for a poultry 10k sq ft, of which theyONLY own 75%.

All the above is just off the top of my head. That's troubling...  IMO all these fluff news releases have been smoke and mirrors and this company came from the boiler room!  

What kind of strawman are you buidling here?  Is MYM behind ACB and WEED? Im not even going to touch that.

Anyhow, it will be years before weedon is selling, if all goes to plan. But lets hope they get their sh&t together.  Im down a fair chunk so im holding until she pops or bursts, either way.  

Good luck mes amis!!
Bullboard Posts