FACTs/Truth about pyct: Someone should sticky this right?
No Bid still LOL
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.
- PR'd years ago that they had a signed Purchase Order with David Shaw....but David Shaw has no working phone number, no email and no address...typical desperate penny scam.. and now they are hoping investors don't sell at .0001 while they can while they hype this same news..... TOO desperate.
-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 ...an already BLOATED embarrassing amount.
-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.
