Paychest Inc (PYCT)

[poopscooper]

Banana...remember when I post that the story was borrowed to sell pyct paper,well it seems that way doesn't it?
For 2 years you had PR generating plenty excitement for one to own paper here.
They hired an IR and paid 5k for a letter to distribute to the 6500 shareholders and anyone else that cared to read it all in the hopes that 0001 paper will be scooped up.
In the 2 years nothing has happenned really.It sure seemed like they would be on shelves by now,divy would be out,ect..ect..u not frustrated for nothing here...lol
only thing that did happen was the no RS...that could never happen for that is really the kiss of death for any IR trying to generate interest in comapny paper.
Remember that senerio is what expert shorters look for to make easy money..dcjr has said that 100x and posted 1000x the company said no RS..
But a normal company that is really serious about moving forward with new plans/product/idea and attact real investors not pennyflippers would have to RS,reset the share structure as Trum say.

With all that said,IMO they been promoting especially back when this story first started that one should buy the paper before story getout,not too late to get on board...so again when one tells you to buy usually they gots paper for sale...

What they doing with money generated is anyones guess,but my guess is IR is paid with 00005 paper and some going to Banks to help pay for R&D.
This is how pyct partiaipates in that R&D and why it is given first right of refusal.

Like I said the story will go on way after you are gone,they are just getting started with new patent/orders/worldwide distribution/ect..ect..basically repeat performance of CES days and money will come from issing paper for dollars to run the show.

http://www.flushaway.com/news/pdf/032305.pdf

http://www.encyclopedia.com/doc/1G1-132802925.html

To get an idea of how much money is need,check what CES's burnrate per Q per year...,they'll need millions which they managed to get and still wasn't enough.