WHAT ARE YOU WAITING FOR?
What is it that keeps the long term MYEC investors holding long? Well, I have gathered 15 reasons, in no particular order, based on Ed Starrs' vision and goals that have been detailed in the Q&A section of the MyECheck website.
1. Audited financials to be delivered early in 2014. If you haven't noticed, we are currently in "early 2014". This means that the financials are being audited RIGHT NOW!
2. Uplisting to a "more senior exchange" in 2014. Also stated by Ed, he doesn't foresee any issues with uplisting so there aren't any specific obstacles that would hinder this process.
3. Building a sales organization. This has already begun by MyECheck partnering with the Bank of Kentucky. BOK is a sub-licensee of Ed Starrs' patent and has been granted the right to sell this product to other sub-licensees.
4. Continued product development. This is also key to MYEC's future success. The faster the market implements this technology, the faster MYEC will encounter limitations, if any, that may hinder further adoption of the technology. Ed is dedicated to ensuring the validity of his product offerings.
5. Become DTC eligible. This will open the doors to those investors who aren't able to trade MYEC and is also a requirement to uplisting (I'm basing this on other posts that I've read, so if anyone has information to support this, please let me know).
6. Investor relations to be implemented. The short term goal is to use external IR resources, but Ed plans on hiring an internal IR team in the future.
7. Social media to be used for investor relations. Once MYEC hires an internal IR team, Ed plans on utilizing social media outlets as a form of communication with his shareholders.
8. Ed plans to hold his shares long term. Contrary to some opinions that Ed is selling shares, he has stated that he will not be doing so any time soon.
9. Possible plans to modify the share structure. This could be a VERY GOOD thing or a VERY BAD thing depending on the timing of the restructuring and the restructuring method.
10. Targeting of big name payment solutions providers. This will be a catalyst for fast widespread adoption of MyECheck's technology. If Ed can reel in one "big fish" then others will likely follow.
11. Use the domino effect to propagate the technology throughout the banking industry. The more banks that come on board, the easier it will be to acquire additional bank licensees.
12. GLOBAL. A long term goal for Ed is to globalize his technology by offering an international processing method. CHA CHING!
13. Doesn't NEED outside financing. Whether you like it or not, Ed has issued shares for the conversion of debt. I don't like dilution, but it has been necessary for the continuation of this business. There is a benefit to this though; to my knowledge, we aren't muddying the waters by playing around in the cesspool of toxic financiers.
14. Targeting government entities. Bringing the government on board will provide a "wealth" of benefits. One of those benefits being the reduced likelihood of future litigation (This is my own assumption, but it makes sense to me. Any input on this matter is welcome).
15. Moving away from online merchants and targeting sub-licensees. This is probably the best business decision that Ed could have made at this point in the game.
I encourage any discussion on any of these bullet points so, feel free to share your supporting or opposing views. Happy Trading!
$MYEC
