Paychest Inc (PYCT)

[mortalmyth]

poopscooper, that would be something if the PayChest insiders not only dumped 20 billion common shares on the market over the years (a verified fact), but also shorted their own stock in the process. Quite a theory there as they would make money on both ends (e.g., selling shares that they issued while also selling non-reported shorts, which some here have alluded may exist (but by other evil market participants). That would take all.

You also make an interesting point, who else besides insiders and management would know that PayChest was never going to amount to anything, and that their PRs were just hot air full of forward looking statements making it a safe bet for them to naked short as much as they could stand.

This makes me really wonder just what happened to cause the legally imposed DTC Chill, as two years and counting really makes me suspect the worst. I also am finding it quite odd that the 2013 financial report hasn't been released by now. Perhaps some bad news contained within with no currently available offsetting positive news. Guess we'll have to see how this plays out.

Have a good one.