January 30, 2015 ·
Greetings MYEC Shareholder's! This is Ed Starrs, I would like to answer any questions you have. Please post your questions as replies to this post and I will address all that I can over this weekend, thanks!
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MyEcheck
MyEcheck More on the acquisition of Seergate, the purchase price is 100M shares, unless the stock price is below $0.03 at the time of close, then it is 150M shares.
28 · January 30, 2015 at 7:08pm
1 Reply
David Donaldson
David Donaldson Mr. Starr's, can you please confirm there will be no reverse split?
3 · January 31, 2015 at 2:25pm
MyEcheck
MyEcheck No reverse split
18 · January 31, 2015 at 3:20pm
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Joe Long
Joe Long Does Seergate have any debt that will be brought to Myecheck's balance sheets and to clarify the 5 years of support means their team will lend a hand if ask by the company for that time?
4 · January 31, 2015 at 12:54pm
MyEcheck
MyEcheck Seergate has no debt
7 · January 31, 2015 at 3:20pm
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Michael S Malbon
Michael S Malbon Ed I am in the gasoline business. I accept 4 million per location in credit cards all processed through Citgo. Have you contacted them. Also has this taken to long and or other companies gotten ahead of you?
3 · January 31, 2015 at 9:13am
MyEcheck
MyEcheck We are on the forefront of this technology and have already secured relationships
14 · January 31, 2015 at 3:22pm
Connor Heinz
Connor Heinz Hey Ed, appreciate everything. Us 3 here would like to know the status of the new cubicles and workstations at the office?
5 · January 30, 2015 at 8:29pm
MyEcheck
MyEcheck Hey Connor, They were just installed this week, we now have all of our furniture, just need to decorate a little
6 · January 31, 2015 at 3:03pm
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Jeff Risley
Jeff Risley Ed, is it crazy for us to think that this is the best unknown product payment solution in the world that we are all apart of? We all know this...but what do all the people you introduce your product to at trade shows, conferences, etc think when you explain this to them? Are they blown away or are they more on the side of "yada yada yada.......we'll keep an eye on you?"
4 · January 30, 2015 at 8:18pm
MyEcheck
MyEcheck I believe it is the best unknown payment solution, I think others agree and many more will after they use our mobile apps
12 · January 31, 2015 at 3:10pm
Adrian Feliciano
Adrian Feliciano Do you already have a plan for the social media payment technology that comes with seergate?
3 · January 30, 2015 at 8:48pm · Edited
MyEcheck
MyEcheck Yes
5 · January 31, 2015 at 3:17pm
Ron Active
Ron Active @edstarrs we are grossly undervalued .. what range does management feel Myecheck should be ?
6 · January 30, 2015 at 7:11pm
MyEcheck
MyEcheck Higher
30 · January 30, 2015 at 7:46pm
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Seth Miley
Seth Miley Is online gaming still a target for Myecheck? I would love to see you being the backend to PokerStars, etc.
7 · January 30, 2015 at 7:04pm
MyEcheck
MyEcheck It is, I think after we have successfully deployed our solution to the MJ industry
14 · January 30, 2015 at 7:17pm
Marilena Barbagallo Barracchini
Marilena Barbagallo Barracchini Ed first thanks for your time. With all that you have going on with MYEC can you give us any projections of revenue for 2015 per quarter. I also would like to thank you in advance in make me money and I will shake your hand at the next stockholders meeting.
3 · January 30, 2015 at 7:02pm
MyEcheck
MyEcheck We have not publically released our forecast for a number of reasons, we will in the future release revenue projections
11 · January 30, 2015 at 7:38pm
Pat Quirke
Pat Quirke Without naming any "is there any sizable whales in the picture that you are negotiating with right now". Yes or no plese
13 · January 30, 2015 at 7:01pm
MyEcheck
MyEcheck Yes, more than one
23 · January 30, 2015 at 7:38pm
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Ron Active
Ron Active @edstarrs what is the current sharestructure ? O/s a/s float?
12 · January 30, 2015 at 7:00pm
MyEcheck
MyEcheck I may have an update on this Monday
27 · January 30, 2015 at 7:23pm
Pat Quirke
Pat Quirke Can spinoff happen without stolen shares being retrieved and if it can "how"
2 · January 30, 2015 at 7:08pm · Edited
MyEcheck
MyEcheck Yes
5 · January 30, 2015 at 7:52pm
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Daniel Winkelman
Daniel Winkelman What caused the delay of the sionic echeck option in January? Does this jeopardize the partnership with them? Google wallet allows an echeck option in the sionic app,will myecheck replace that?
4 · January 30, 2015 at 6:57pm · Edited
MyEcheck
MyEcheck We have a very solid relationship with Sionic. They are excited to launch our payment option and are now integrating with a new, bigger bank, AI expect they will launch this quarter.
13 · January 30, 2015 at 7:20pm
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Keith Kellersohn
Keith Kellersohn In the past you've stated that "International" isn't a focus. Now that you intend to acquire an Israeli company, does this give MYEC an opportunity to expand internationally? That is, facilitating transactions world-wide?
7 · January 30, 2015 at 6:50pm · Edited
MyEcheck
MyEcheck We will very likely be doing international business as a direct result of the Seergate acquisition. However we bought Seergate for the software platform and the capabilities it gives us for our mobile payment app.
18 · January 30, 2015 at 7:01pm
Rick Simms
Rick Simms How are things looking with recovering fraudulent shares?
9 · January 30, 2015 at 6:48pm
MyEcheck
MyEcheck We just received a positive update today, I can't report it here but expect a PR update very soon on that lawsuit and the disposition of the fraudulently issued stock.
37 · January 30, 2015 at 6:55pm
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Jairus Mcallum
Jairus Mcallum Will it still be a spin off for green pay, and how long before it takes effect
7 · January 30, 2015 at 6:48pm
MyEcheck
MyEcheck We plan to spin off GreenPay, it has not been officially approved yet but we are making preparations
14 · January 30, 2015 at 6:51pm
Seth Miley
Seth Miley Do you have a timeframe to uplist to the next exchange?
5 · January 30, 2015 at 7:05pm
MyEcheck
MyEcheck Weeks
16 · January 30, 2015 at 7:36pm
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Ron Active
Ron Active @edstarrs When will we turn on the apps and generate revenues ?
13 · January 30, 2015 at 6:55pm
MyEcheck
MyEcheck Best question of the day!!!! about 8 weeks, however we now have our own back-end, we are no longer dependent on a partner for certain functionality, and we have banks in place so we will be launching the apps soon and will provide more frequent updates as we move forward.
33 · January 30, 2015 at 7:27pm
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Seth Miley
Seth Miley Can you explain the main benefits of acquiring SeerGate? Is it to cater to an Worldwide client?
8 · January 30, 2015 at 7:07pm
MyEcheck
MyEcheck The benefits are listed in the press release issued today. We bought the company for the software. The primary benefit is the sub-account management capability, that is the mobile payment app back-end that we were relying on partners for. A lot of the future features of MyECheck are in the Seergate software already.
24 · January 30, 2015 at 7:31pm
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Seth Miley
Seth Miley Is Check Alt infringing on your patent? Are there plans for a lawsuit against Check Alt for patent infringement?
7 · January 30, 2015 at 7:04pm
MyEcheck
MyEcheck Can't comment due to Zipmark litigation
6 · January 30, 2015 at 7:37pm
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Ron Active
Ron Active @edstarrs we have seen tweets to netflix .. have we made progress with netflix?
11 · January 30, 2015 at 7:02pm
MyEcheck
MyEcheck Yes
19 · January 30, 2015 at 7:43pm
Ron Active
Ron Active @edstarrs have we lost any partners along the way with app delays?
9 · January 30, 2015 at 7:03pm
MyEcheck
MyEcheck No
See Translation
13 · January 30, 2015 at 7:43pm
Ron Active
Ron Active @edstarrs have we partnered with any major banks or credit unions necessary for our app launch ?
9 · January 30, 2015 at 7:02pm
MyEcheck
MyEcheck Yes
13 · January 30, 2015 at 7:43pm
Ron Active
Ron Active @edstarrs when can we expect Sec approval ? What exchange will we uplist to?
9 · January 30, 2015 at 6:58pm
MyEcheck
MyEcheck We got comments back and responded about a week ago, it could be as soon as two weeks
16 · January 30, 2015 at 7:44pm
Seth Miley
Seth Miley What clients are you currently processing payments for right now that don’t require apps? Are any other clients going live soon that don’t require the apps?
5 · January 30, 2015 at 7:06pm
MyEcheck
MyEcheck We have announced our customers in press releases, some are live, some are working on getting live.
8 · January 30, 2015 at 7:35pm · Edited
Joseph Holland
Joseph Holland Will there be trading restrictions on the shares that will be issued to Seergate, and will their founders be given positions at MYEC?
5 · January 30, 2015 at 7:03pm
MyEcheck
MyEcheck Yes, they have restricted stock just like me
4 · January 30, 2015 at 7:52pm
Gay Harris
Gay Harris Ed... I just need to hear some heart felt reassurance that I have not invested my money in vain. I believe in you, your brilliant MYEC product, and your staff... please tell me I'm not being led down the garden path... kindest regards
5 · January 30, 2015 at 6:54pm
MyEcheck
MyEcheck (y)
4 · January 31, 2015 at 2:56pm
Nabil Amini
Nabil Amini Any update of sionic app of when it will be launched? And have we started processing any clients that we have signed ? Thank you
5 · January 30, 2015 at 6:51pm · Edited
MyEcheck
MyEcheck Sionic told us they are 90% there about a week ago,they are finishing up with their bank
16 · January 30, 2015 at 6:52pm
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Keith Kellersohn
Keith Kellersohn On researching Seergate, there was an article that stated they had 200 bank clients. Will MYEC keep these clients, and what are the prospects of integrating them all with the MyEcheck process?
9 · January 30, 2015 at 7:00pm
MyEcheck
MyEcheck SeerGate does not bring any bank relationship, but Jim Fancher has a lot of bank contacts, he ran SeerGate
8 · January 30, 2015 at 7:46pm
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Coughlin Jim
Coughlin Jim Mr. Starrs do you think @Hemptres is the best looking Lady and #MYEC supporter on the #Twitter?...Not worried about the company I know you got that covered and i got time on my hands...
4 · January 30, 2015 at 8:10pm
MyEcheck
MyEcheck I have not met her but I love her support!
8 · January 31, 2015 at 3:11pm
Brian Morgan
Brian Morgan If this has been asked and answered I apologize but are we still working with William Mills Agency? Recent PR's haven't had them listed so I was just wondering because I think this is going to blow up and it'd be great to have a good PR firm to handle things....
4 · January 30, 2015 at 8:07pm
MyEcheck
MyEcheck Yes we still have William Mills, they are working on other projects for us, Im going back to doing PRs
8 · January 31, 2015 at 2:57pm
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