Paychest Inc (PYCT)

[mortalmyth]

PYCT DD Pt 2 (IP, Spin-Offs & Dividends, and Marketing & Sales)

This Part 2 Due Diligence installment addresses Intellectual Property, Spin-Offs & Dividends, and Marketing & Sales for Paychest.


Intellectual Property:

* NO Process or Product Patents Have Been Awarded to Paychest.

* JAN 18,2012==PayChest: New Mibella Brand Trademarks
* APR 20,2012==PayChest Registers UK Mibella(R) Trademark
* (Warning) Efforts to Obtain MIBELLA Trademark Abandoned on 9/6/12. Question: Why Would Cardiff Bay Holdings Obtain the Trademark Instead of Paychest Itself, to Force Paying a License Fees to Cardiff? (Doesn‘t Sound Like in Best Interest to PYCT Shareholders)?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81543620

* (Warning) Flushaway Technology License Agreement Expired in Jul'12.
* 3Q2012 Report Should Have Indicated License Was Renewed, But Not to be Seen.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81573521
* The Technology License Agreement Comes at Heavy Price.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81099602
* Questions of what patent the company may be using over the last few years are in question based on the CES patent lapsing on 2009.
http://brevets-patents.ic.gc.ca/opic-cipo/cpd/eng/patent/2212445/images.html?section=coverpage&modificationDate=20070423&page=1&scale=25&rotation=0&type=
http://brevets-patents.ic.gc.ca/opic-cipo/cpd/eng/patent/2212445/financial_transactions.html?type=number_search

* FEB 02,2012==PayChest Announces FDA Mibella Registration
* Paychest Registered the MIBELLA Name With FDA, But NO Product(s).


Spin-Offs & Dividends:

* APR 27,2011==PayChest Updates Oregon Filings
* JUL 19,2011==PayChest Provides Update on Spin Off
* (Warning) Paychest Inc. (Oregon) is Currently in DISSOLUTION.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79339393

* Like With the Previous WPLMF Dividend, Any Future Dividends Won't be Free Trading (Restricted Min. of 1 Yr).


Marketing & Sales:

* (Caution) NO $ Spent on Marketing to Date (NO Trade Shows, Journals, Magazine Advertising, Etc.). NO Product Sales to Date, Not Even Using Internet Retailers Such as Amazon.

* DEC 08,2011==PayChest: Hornung (25 Year Experienced Sales & Marketing Exec) Running Sales & Marketing in North America.
* (Beware) MIBUS INC. (Worldwide Marketing & Sales) is Currently in DEFAULT.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81137563

* FEB 10,2012==PayChest Negotiating Six Purchase Orders
* APR 16,2012==PayChest Receives $1.2 Million Purchase Order
* (Caution) Distributor DAVID SHAW & CO. of UK is Missing in Action (No Working Phone or E-mail).
http://www.davidshaw.biz/
http://whois.domaintools.com/davidshaw.biz

* P.O. Processing and Negotiations are On Hold Due to DTC Chill.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=81488792

* Pad and Liner Product Cost to Consumers Currently Remains Unknown. Likewise, any Margins and Potential for Profit is Undetermined.
* Paychest feminine products will likely cost more to the end consumer than the traditional, mass produced and volume discounted products currently available at the major retailers as Green products typically are more expensive, just like organic items in the grocery.