MyDx, Inc. (OTCMKTS:MYDX), a rising chemical detection company, announced that it is offering residents affected by the recent water crisis in the Tampa, Florida area free standalone single use AquaDx sensors to test the safety levels of their drinking water.
LA JOLLA, Calif. , Sept. 22, 2016 (GLOBE NEWSWIRE) — MyDx, Inc. (MYDX), a rapidly growing chemical detection company and the makers of MyDx®, the first multi-use hand-held chemical analyzer for consumers, today announced that in response to the contaminated water crisis in the Tampa, Florida area, it is offering affected area residents free standalone single use AquaDx sensors to test the safety of their drinking water. Residents may call (800) 814-4550 and choose Option 4 to have an AquaDx sensor that reports a Pass or Fail within 6 minutes shipped immediately while supplies last.
A massive sinkhole at a Mosaic Company fertilizer plant in Mulberry, Florida, has caused about 215 million gallons of toxic water to drain down into the Floridian aquifer system, according to ABC News affiliate WFTS. Mulberry is about 45 minutes east of Tampa, and the aquifer system supplies drinking water to millions of Florida residents, according to the St. Johns Water Management District’s website.
Trust and Verify® What You Drink
Fortunately for Central Florida residents, MyDx last week announced it was launching its AquaDx Sensor that works interchangeably with the multi-use, hand-held MyDx Analyzer for the analysis of toxic chemicals in water. The AquaDx Application is a next-generation system that puts sophisticated water chemical testing and analysis technology, and comprehensive tracking and reporting, in the palm of consumers’ hands conveniently and affordably. MyDx’s AquaDx sensor was recently featured in CNN.
The MyDx team will now also be offering a standalone single use disposable sensor product line that reports a Pass/Fail to AquaDx customers without the more sophisticated detailed analysis, reporting, and tracking features offered by the digital analyzer.
Commenting on the Mulberry water contamination incident, Daniel R. Yazbeck, MyDx Chairman and CEO, said, “I am sure that various government regulators are doing the best they can to protect the safety of the water supply from contamination that was reported to have begun August 27. In the meantime, days and weeks are far too long to find out if the water your family is drinking is poisonous, or not.
“Fortunately, in parallel to building inventory for our upcoming AquaDx launch, today we have begun shipping our standalone Single Use AquaDx sensors to media and residents affected by the Florida water crisis.
“The simple three step standalone single use sensor is an exciting new product line for MyDx, as it allows us to more quickly and affordably fill the needs of millions of consumers looking to trust and verify the safety of their drinking water. While the media reports the contamination is still spreading, MyDx is especially gratified for the opportunity to provide affected residents with a primary screening tool for harmful toxins in their drinking water today.”
The Next Generation of Consumer-Grade Water Quality Testing
The AquaDx application offers three different one-time disposable sensors, for:
Pesticides and Heavy Metals (Set to US Military Standards)
Lead (Set to EPA Standards)
Total Hardness, Total Chlorine, pH and Total Alkalinity (Many municipalities use chlorine to “purify” their water. Alkalinity and pH of the body must stay within a narrow range to be healthy.)
MyDx will be shipping the AquaDx sensors that provides its users with a Pass or Fail result based on the presence of neurotoxic chemicals in water at concentrations that exceed the US Military Exposure Guideline (MEG) for safety of drinking water (assuming 7-14 day exposure, 15L/day consumption, 70kg person) and are below the estimated Human Lethal Consumption (HLC) guideline. This test covers key organophosphate/carbamate pesticides and toxic heavy metals. For more info about AquaDx, visit: https://www.cdxlife.com/aqua-sensor/.
About MyDx, Inc.
MyDx, Inc. (OTCQB: MYDX) is a chemical detection and sensor technology company based in San Diego, California whose mission is to help people Trust & Verify® what they put into their minds and bodies. The Company developed MyDx®, a patented, affordable portable analyzer that provides real-time chemical analysis and fits in the palm of the user’s hand. The multi-use MyDx analyzer leverages over a decade of established technology to measure chemicals of interest. It owns a substantial and growing intellectual property portfolio of patents covering its technology. With its CannaDx™ sensor commercialized, it has three other sensors being developed in its lab that are compatible with the MyDx Analyzer and App that will empower consumers to test the chemical composition of everything they eat, drink and inhale. For more information, please visit www.cdxlife.com.
Potential investors in MyDx, Inc. (OTCMKTS:MYDX) should be looking at the current and historical short data in order to get a glimpse of where the market believes the stock might be headed. According to the most recent information, there are 192400 total short interest. Given the stock’s average daily volume of 2690000, this results in 0.1 days to cover. In looking at the total shares short in respect to the total outstanding share total of 23980000, yields a 0.00802% of total shares that are short. Compared to last month, this is a 3335.71 change in total short interest.
When investors engage in short selling or “shorting a stock”, they actually borrow shares from an existing owner, sell the borrowed shares at market price, and take the cash. The short sellers then promise to replace the stock in the future and makes dividend payments out of their own pockets to cover the dividend income that is no longer exists on the original, now borrowed and sold, shares.
They hope that the stock price will fall or that the company will fail and go bankrupt, leading the equity holders to ruin. The short sellers will then buy the stock back at a much lower price and replace the borrowed shares, pocketing the difference.
Shorting a stock can be very risky if the price doesn’t decline like planned and, in fact, increases. It’s important for any investor to understand the dangers and potentially catastrophic financial losses of short selling.
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MyDx, Inc. (OTCMKTS:MYDX) shares closed the most recent session at $0.0147, moving from the previous open of $0.0002. This is compared to the stock’s 52-week high of 1.8 and 52-week low of 0.01. Is now the right time to take stake in the 778208 market cap company?
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Disclaimer: The views, opinions, and information expressed in this article are those of the authors and do not necessarily reflect the official policy or position of any company stakeholders, financial professionals, or analysts. Examples of analysis performed within this article are only examples. They should not be utilized to make stock portfolio or financial decisions as they are based only on limited and open source information. Assumptions made within the analysis are not reflective of the position of any analysts or financial professionals.