MyECheck, Inc. (fka MYEC)

[21ZNA9]

BEWARE! MYEC: Paid Promos, Dilution and F/S


Background and explanation: MYEC, which had been an extremely thinly traded stock for its entire previous history until its recent promotions, did a 1 for 30 reverse split effective 9/3/11. All prices shown on charts prior to 9/2/11 are split-adjusted and inflated by a factor of 30.

After the F/S there was seldom any trading of the stock so the post-split share price was not seriously challenged and held up, making it look like the stock was valued based on the prevailing post-split PPS.

However once the massive promotion activity began on 3/13/13, the stock became actively trading for its first time. The post-split prices did not hold up under active trading. Part of the problem may have been unknown dilution, which is usually why post-R/S stocks are promoted.

To verify the historical trading history including share prices and volumes for any specific dates, review the historical information at http://ih.advfn.com/p.php?pid=historical&symbol=NO%5EMYEC

Starting on 3/13/13, MYEC began being heavily touted in a paid-promotion campaign involving multiple newsletters during which new shares may be been dumped therefore dropping the share price. When the dumping (facilitated by the paid promos) was done, the stock underwent a recovery.