So, why continue to post here in the land of Paychest? Simply put, Paychest needs to do right by the shareholders.
To accomplish this, management must be continually pressed to address their outstanding issues, activities and progress in an open and transparent manner.
It is hoped that by posting various Due Diligence (with references, links and sources), and specific detailed questions, that the company will eventually realize that people are genuinely interested and will expend time and effort to find out what Paychest is doing and that they want to better understand what's really going on. That's why a list of 21 questions was sent to Tom Hands on 6/15/12. Although no answers have been forthcoming, at least he knows there is an interest. It is also believed that Tom occasionally frequents this board.
This information is also posted here so that shareholders can use it and forward it to the company along with their own comments, if they so desire, and request a company response and answers. It's too bad that the webcast talked about in June never materialized. That would have been an outstanding opportunity for the company to answer many questions and share what's going on in many areas of endeavor.
It could be reasonably assumed that if enough people pursued in earnest at getting answers that Paychest would bite the bullet and start to share in more of their challenges, opportunities, successes and failures. All companies have these experiences and therefore none should be embarrassed or reluctant to share them and any lessons learned. It is realize that this posted info may be painful for many to read as much of it typically reflects poorly on company management and therefore doesn't do much in helping stimulate interest in the stock (at least near term). Longer term, as the company opens up and gains more credibility in the market place the share price should get rewarded. It takes time for this process to unfold.
There has been enough interest shown on this board to realize that there are many posters wanting to find out more about the business aspects of Paychest (everyone probably has heard plenty, too much, about the alleged massive naked short). So, to this end, an integrated set of due diligence information was consolidated and will be posted right after this message. This then can be used for future reference and at poster's discretion, parts could be forwarded to Paychest management inquiring status and/or explanations of an array of subject matter. This effort is the best that can be done to help current and potential new investors out.
Anyway, good day to all.
