FACTs/Truth about pyct:
The following facts about pyct place it in a very dark corner. Most would agree that these items, taken as a whole provide enough proof to conclude that pyct is in fact just a stock dumping scam.
- Proven fact that John Banks owns and runs Rich Capital, and pyct. John Banks failed to disclose that he was the recipient of the $600K in common shares from pyct to Rich Capital.
-Has never produced a single product for sale.
-Has zero revenues and zero sales(hence the first item)
-Has paid Touts Thousands of dollars to get the word out to the penny stock players but won't spend a dime to advertise(appear at a trade show) to the consumer base that will bring in revenues....unless dumping shares is their revenue.
-Has over 27BILLION share O/S and growing in the past years.
-Has claimed to have a World Wide Sales force but there is no phone number or way to contact this World Wide Sales force...lol..what sales team has no contact information.
-Has claimed to have Purchase Orders with David Shaw but David Shaw does not appear to be a functional operation...with no working telephone or email.
-Has openly admitted to setting up BILLIONS of shares to dump out at BELOW .0001 - that will hurt the PPS for years....
-Has no salary expenses in their financial statements but they have stated that they paid out common shares for services and cash. Over 16Billion shares worth of services and cash (as documented in their own financial statements)
-Has registered their name with the FDA but not a product, why not register a product if they had one...strange.
-Has had 2 (TWO) I/R folks hyping this...why have 2 for the last year, they did a pretty nice job hyping this the first 3+years with just one.
-Has been stuck at .0001 for 99% of the time besides the times of P/R runs and news releases that are always met by heavy dumping.
-Has claimed to be nearing production back in 2009, but never got close.
-Has claimed to have purchased select equipment for production but the official financial statements show that was not the case.
-Had to compete with a product that does the exact same thing that flushaway is trying to do. TomKit.net was selling this niche product already...and has closed likely due to no demand.
-Has no short position or short interest as reported by the official SEC listings. Which also proves there were no FTD regardless of what some claim.
These are the Facts on File for pyct - all of which are irrefutable and are proven.
Here are a few more facts on pyct that are not proven but still facts;
-Has mailed out samples to about 4 or 5 shareholders that we know of. No idea if they were old samples or not.
-Claims it has a world wide sales force but they can't be contacted...no phone nor email ...strange.Duplicate but worth re-stating
-Has claimed to have a production factory but nobody knows where it is nor can anyone contact this place (no address or phone number)
-Claimed to have private funding but there is nothing verifiable about this rumor or the claimed funding group.
-Has claimed to have done an audit, but has never shown any documentation of an audit. The supposed audit did claim that there were no issues (no short position)..none the less they claimed it was done.
-Has not lost anyone any money when they bought this at .0001 and held..and held and held, but has not made anyone any money unless they could of sold at .0002 like most bag holders did trying to get rid of this if they can.
-Claimed to be performing a stock buy back but their TA is gagged and can't be verified even though pyct claimed that they have bought back 200mill in shares compared to the 6BILLION recently dumped out...what a joke.
