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Alias Born | 12/05/2008 |
Saturday, May 16, 2015 12:17:31 AM
company's propensity to Cross all T's and Dot all I's, I'm expecting the Attorney Opinion Letter to be the next move in the pipe line. Thereby removing the Yield Sign.
8105 BIRCH BAY SQUARE, SUITE 205, BLAINE, WASHINGTON 98230
Tel: 1-302-724-6944
info@paychest.com
www.paychest.com
Company's Warning to MM's and other Shorter's:
The following information is provided to assist securities brokerage firms and other market
participants with current information regarding Paychest, Inc. (“we,” “us,” “our”, “Paychest” or the
“Company”)
5. FUTURE STOCK CONSIDERATIONS
The general shareholder consensus is to avoid a reverse stock split. Management concurs because it reduces shareholder
value and confidence. Management will not use a reverse stock split to consolidate the issued shares. The consolidation will
be achieved through further negotiation, share swap, buyback and other positive means. However, a reverse split will be
necessary when PayChest is ready to advance to a higher trading exchange, such as the Nasdaq.
In April 2011 the Company received a letter from DTC that a “chill” was in place. The Company worked with DTC to
address their concerns and on April 30, 2014 received written notice, and made an announcement, that the “chill” had been
lifted
In December 2011 the Company appointed Mibus, Inc. as its exclusive sales and marketing agent for North America.
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