Investors doing DD should know there is too much value in the technology here to allow the personal agendas of Team Maciora to interfere with their investment decisions.
Regarding the obsession with property, the CEO has used certified asset protection attorneys. Making debt collection difficult is the goal. Typically, investors want their holdings to grow in value and appreciate CEO's that know how to keep creditors at bay while growing revenues.
Maciora filed a lawsuit against the Company's former auditors last February with bizarre statements and claims involving properties and 666 million unauthorized shares he believed he was buying for $2,000. Understandably, he was given the heave-ho by a Federal Court Judge. Therefore, all links to the same properties can be given the heave-ho. Believe the CEO, internal/external auditors, their attorneys, and the Federal Judge.
Maciora had standing as an individual under the PSLRA but couldn't advance a logical winning argument. In fact, the auditor's attorney suggested Maciora has his own version of facts. I think those "facts" are still floating around here in the form of incessant property references. Ignore them.
The Company has merged MyECheck with Seergate to form MEC International. The current Facebook page is linked below. Read through the posts and comments sections as they contain further messages from the CEO. That is where you will realize this company is making significant progress on the Continent of Africa.
The missed patent maintenance fee was an oversight. The CEO can reinstate it. Expect a follow-up message when this is complete.
Other negative interpretations can be countered by reading the historical Facebook posts. The CEO has been very transparent and gives helpful explanations.
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