Paychest Inc (PYCT)

[mortalmyth]

Another tidbit regarding the PYCT share buybacks ...

Just how did the company buy 200 million shares on the open market late last year when in their Sept 2011 filling it indicated Paychest had NO cash (refer to page 2)? It was the same at year-end 2011 where the financials indicated NO cash, but yet they were supposedly able to buy another 100 million shares in the market in February 2012.

http://www.otcmarkets.com/financialReportViewer?symbol=PYCT&id=67637

So, just how does Paychest do this act of prestidigitation? Are they producing money at Xinpro instead of pads and liners? Is the on-going legally imposed DTC "Chill" in PYCT trying to tell us something more may be very amiss other than the preferred share conversions? The silence on what is really going on behind the Paychest curtain is deafening and only leads to more and more questions with no answers. Maybe all by plan or they are truly in over their heads.

Oh well, just another day in Paychest Land.

Good day all.