Paychest Inc (PYCT)

[Cat dog]

Just think this could of been a 20 dollar stock !!! Can we get this stock up and going ? Sure we can !! Pay Chest is an easy play !!!! First we need to get the name. Out there. Let’s get a heart beat !! Let’s go

[lambchops]

They were drunk and bought the wrong ticker, IMO.

LC

PYCT

[under observation]

Somebody bought just under a 100 million shares, wonder what's the deal with that?

[OCEANIC 815]

LOL! The PYCT Flying Dutchman continues to evade SEC revocation.. One of the great mysteries of the age.

[lakers17]

How are those PYCT shares looking? Smart people dumped it all in the last mini run. Sitting at .000001. LOL

[goarmy123]

$PYCT Made me some when it went from .0001 to .0003 lol.

[OCEANIC 815]

When will PayJEST be added to THE LIST? Contest starts today!
https://sec.report/Form/REVOKED

[OCEANIC 815]

PayJEST heating up! = $6.08 worth traded down at Pier 42 at 2am in the fog of the GREY MARKET or as its also laughable called the EXPERT MARKET.
Sometimes I think the SEC allow it to exist because its such a legendary scam...

[Stonerex]

$$PYCT$$ .. LOL-er

[OCEANIC 815]

Its amazing the SEC hasnt revoked PayJest - its legendary!

[Trum]

LOL.... somebody is 'loading the boat'.... I wish I had 100 shares of pyct every time some hype posted that in the 14 years I have been following this scam... I'd have a over 25,000 shares of this bloated out pig scam stock.

[OCEANIC 815]

1000 shares at 0.000001 = 1/10 of penny! Outstanding trade... all we need now is a deck of cards.
PayJest is good for a laugh now and then.

[OCEANIC 815]

Maybe ELON MUSK will buy PYCT !!

[OCEANIC 815]

PYCT back to 0.000001 42K shares or 4 cents worth to close out April 2022... hope the seller doesnt spend those 4 cents all in one place .. spread it around ! LOL!

[OCEANIC 815]

The PYCT CORPSE has Twitched $50.80 worth at 0.00001.
Action in the back alley behind Mario Pino's abandoned CLUB XTReme ...LOL!
https://www.globenewswire.com/news-release/2004/11/24/319348/3524/en/Mellon-Research-Inc-Formalizes-Plans-for-Club-XTReme-Entertainment-Portal-Launch.html

[Brave-Soldier]

5 mil Vl

[Trum]

LMAO.... pyct has no revenues ...never has.... no product...never has.... pyct has lied multiple times about product rollout ... equipment purchases and has lied about the empty shell scam Rich Capital deal (which John Banks was running at the time he was running pyct too).... talk about scammy typical bloated out pig of a penny-subber

[lakers17]

Yes pretty bizarre. Mario Pino rises from the dead. LOL Is there a Mario Pino Jr.

[OCEANIC 815]

PYCT is good for a laugh now and then ... not much else...
Amazing anyone thinks it has a chance of rising from the dead.

[lakers17]

Oceanic, now that is funny, Some still thinking any naked short will ever be busted. As dead as Mario Pino? Thanks for the laugh. Karma came to that crook. Just like any money still invested here. DEAD AND GONE!!!! I looked at view posters and myself and others go back in this POS scam back to 2004. 18 years ago! And yet still the same talk of a short squeeze and naked short. Simply f'in hilarious.

[jlwcat1]

Yes Stonerex, hedge funds are shaking. I see some covering starting to go on throughout the penny market. I agree with you, is PYCT the next lucky one. We will see, GLTU! Great song.

[Stonerex]

$PYCT$ ...hedgies leaves are shaking .. someone will need to take cover..loaded , could be the lucky one... 13 .. sic'em

[jlwcat1]

Isn't it scary that you claim this is a scam but the SEC hasn't revoked them. SEC has had many chances to shut them down. Other companies were revoked, why not PYCT. The hedge funds are nervous.

[Trum]

LOL the pyct Scam... not buried yet....yet. This proven scam is dead. Just an empty shell ...scammy shell at that.

Banks was caught selling shares to himself through another empty shell scam company registered in the UK... Rich Capital....
pyct has never ever had a product...
never had revenue...
never had a legit business...

yet we see folks desperate to dump off their stuck shares by trying to support this silly weak ... desperate scam.... if only we had some real management that had 1/2 a brain to run this empty shell... maybe we could see the glory days of .0001 again.

[jlwcat1]

Wrong, they would NOT have covered before going on Grey Sheets. PYCT is still not dead. NSS is fully liable. That is why the NSS folks wants it dead.

[OCEANIC 815]

LOL! The FANTASY of NAKED SHORTS on an empty shell like this was played out years ago...if there were ever any they covered long ago. Cant get any lower than $0.000001.
They would have covered before it ended up on the Grey Sheets.. if anything they would have covered when billions of shares traded over .0001 in January-February 2021. Now PYCT is untradable. Its been almost a month since 1/2 penny worth traded.

[jlwcat1]

Could one of the many companies listed below NSS's PYCT?

DOJ, SEC Probe Dozens of Firms in Short Selling Sting

https://www.thestreet.com/markets/regulation/doj-sec-probe-dozens-of-firms-in-short-selling-sting

ELLEN CHANG FEB 8, 2022 5:36 PM EST
The SEC and DOJ are investigating dozens of investment firms for their short selling activities.

The Department of Justice and the U.S. Securities and Exchange Commission are investigating dozens of investment firms for their short selling activities.

Some of the well-known investment firms that were named in the Justice Department’s requests include Orso Partners and co-founder Nate Koppikar; Melvin Capital Management and founder Gabe Plotkin; Sophos Capital Management and Jim Carruthers; and Kerrisdale Capital Management.

Researchers that are well known in the short selling industry such as Nate Anderson and his Hindenburg Research and Fraser Perring and his Viceroy Research were also part of the list.

What Are Investigators Looking For?

Sources told Bloomberg that the Justice Department is looking for potential abuses within the trading activities of these firms.

Some of the investigations began in early 2021. The FBI took computers from the home of Andrew Left, the founder of Citron Research, which is known for its short selling trading, sources told Bloomberg.

Left said he has not been accused any wrongdoing.

“It’s very tough to defend yourself when you haven’t been accused of anything,” he told Bloomberg. “I’m cooperating and I have full faith in the system and the First Amendment.”

The Justice Department has also recently subpoenaed some market participants seeking calendars, communications and other records for nearly 30 investment and research companies, according to the sources.

People familiar with the matter also said they wanted records from 36 people that were associated with those companies.

No formal charges have filed.

Short Selling Gets New Scrutiny

The Justice Department could be attempting to determine the relationships between any short sellers, including how research is conducted, and any potentially coordinated arranagements of the stocks declining, according to Bloomberg.

It is unknown which short sellers named in the subpoenas could be investigated in the future, or which ones just have relationships with other companies or are people of interest to the DOJ.

The sources also said that requests for information were also sent by the SEC.

Both the spokespeople and the SEC declined to comment. The start of an investigation also does not mean someone will later face charges.

Representatives for the majority of the companies, includng Melvin, Orso, Sophos and Hindenburg, either declined to comment to Bloomberg or did not reply to messages seeking comment.

“We haven’t been contacted by DOJ, SEC or any governmental authorities about any investigations,” Sahm Adrangi, Kerrisdale’s chief investment officer, wrote in an email. “We literally haven’t spoken to anyone at the government in many years.”

Viceroy’s Perring also said his company did not receive any requests for information.

“We will always cooperate with any such investigations and are happy to assist regulators in carrying out their duties,” he told Bloomberg.

“All our reports are based on information that is publicly available, sourced from records that anyone at any given time could research or find. Our most recent contact with the DOJ was in assisting an investigation into the fraud at a company that we had researched.”

More Firms Being Investigated

In December, Bloomberg's article said that Citron, Anson Funds, Marcus Aurelius Value and Muddy Waters Capital were being investigated.

The rquests from the Justice Department seeking information also included:

Atom Investors, Bonitas Research, Connective Capital Management, Falcon Research, GeoInvesting, Gotham City Research, GrizzlyRock Capital, J Capital Research, Oasis Management, Park West Asset Management, QKM, Sabrepoint Capital Management, Silverado Capital, Spruce Point Capital Management, Valiant Capital Management and White Diamond Research.

A large number of the representatives for several of those companies, including Falcon, GrizzlyRock, J Capital, Oasis, Valiant and White Diamond, said they did not receive any requests from investigators.

“It’s hard for us to comment on something we don’t know anything about,” said Taylor Hall, a representative for Oasis.

Valiant “has a long-standing policy of cooperating with any inquiries it receives from regulators and other government bodies,” but is not aware of being involved in the short-selling probe, chief compliance officer Michaela Beckman said in an email to Bloomberg.

“Compliance with securities regulations has always been a point of significant emphasis at the firm since inception and we have not been subject to any regulatory action regarding insider trading or short-selling in our 13-year history.”

[jlwcat1]

RICO Fits The CRIME for those who nss'd PYCT!!!!!!

U.S. prosecutors explore racketeering charges in short-seller probe -sources
By Megan Davies and Chris Prentice 2 hrs ago
Like

https://www.msn.com/en-us/news/crime/us-prosecutors-explore-racketeering-charges-in-short-seller-probe-sources/ar-AAU2YxU

By Megan Davies and Chris Prentice

NEW YORK/WASHINGTON Feb 18 (Reuters) - U.S. prosecutors are exploring whether they can use a federal law originally enacted to take down the mafia, in a sprawling probe of hedge funds and research firms that bet against stocks, according to two sources familiar with the situation.

The Justice Department last year issued subpoenas to dozens of firms, including such well-known names as Citron Research and Muddy Waters Research LLC, as part of the sweeping probe focused on potentially manipulative trading around negative reports on listed companies published by some of their investors, Reuters and other media have reported.

While prosecutors haven't made any decisions yet, potential charges under the Racketeer Influenced and Corrupt Organizations Act (RICO) were an option on the table, the sources said.

In the past, prosecutors have built RICO cases alongside other allegations, such as manipulation. One of the most high profile cases brought under the RICO Act included that of Michael Milken, who was indicted in the 1980s for racketeering and securities fraud but reached a plea deal, pleading guilty to securities violations but not racketeering or insider trading.

Reuters could not ascertain which types of charges the agency was leaning toward at this stage of the investigation or whether the probe would eventually lead to charges.

Spokespeople for the Justice Department in Washington and the U.S. attorney's office in Los Angeles, which are involved in the probe according to the sources, declined to comment.

Citron declined to comment.

A spokesperson for Muddy Waters did not immediately respond to a request for comment.

The potential use of the 1970 law, which has not been previously reported, provides new insights into the scale and ambition of the investigation. The probe marks a new frontier for the Justice Department's unit in Washington tasked with rooting out corporate crime.

A racketeering case could allow prosecutors to ensnare a broad swathe of investors involved in an alleged "criminal enterprise," even if they participated indirectly, lawyers said.

But such a case would also face more challenges than a narrower one aimed at a smaller group of people. That's in part because prosecutors have to establish a pattern of activity, they said.

Among the activities the Justice Department is investigating is whether funds conspired to perpetrate a so-called "short and distort scheme," sources have previously told Reuters.

In such a scheme the funds would have placed trades that stood to profit if a company's stock fell and then issued false or misleading negative research reports about the company.

Prosecutors are also investigating the relationships between the short-sellers who publish the reports and hedge funds and other investors that may have profited, the sources have said.

They are examining whether there is coordinated trading designed to boost trading volumes and exaggerate price drops on news of the short reports, Reuters previously reported.

[color=red]RICO charges have historically been used to combat bribery, money laundering, or drug trafficking conducted by organized criminal enterprises such as the mafia. They are unusual in the world of finance but not unprecedented.

U.S. prosecutors in 2019 charged then-current and former JPMorgan Chase & Co executives with racketeering and manipulating prices of precious metals.[color=red]

"RICO statutes haven’t been used in this realm often in recent years, but they aren’t limited to organized crime," Robert Frenchman of Mukasey Frenchman LLP in New York said. "It’s certainly in the prosecutors’ toolbox." (Additional reporting by Svea Herbst-Bayliss Editing by Michelle Price, Paritosh Bansal and Diane Craft)

[jlwcat1]

Because this is why the NSS are scared of this company. The company is not revoked and the Hedge Funds are stuck with its illegal shorts until SEC can round them up.

[OCEANIC 815]

EXPERT Market ... LOL! Thanks for the laugh...
Theres 28 billion shares out there LOAD UP THE BOAT on this GEM !! Its as dead as MARIO PINO... LOL!
This dead 28 BILLION OS dead shell hasnt traded in weeks - even when it has its absurdly low amounts like $1's worth or something.

[jlwcat1]

Well, PYCT is still here and running in the expert market. What happen to the strong sentiment that they would be revoked? I wonder if this company will benefit from the SEC Sting Operation on the Mutual Funds illegally naked shorting various companies. I hear RICO charges may be involved in settlement of the cases. Riddle me this, if they truly were dead, why are they still ticking?

[Anvil]

Jiwvat1, how we doing here???

[OCEANIC 815]

SEC..asleep at the switch.. PYCT not on THE LIST?
https://sec.report/Form/REVOKED

[Stonerex]

$$PYCT$$

[magic1usa]

AABB, the World's First Gold-Backed Crypto with her owning of Gold mines is about to blast...

[magic1usa]

AABB, the World's First Gold-Backed Crypto with her owning of Gold mines is about to blast...

[OCEANIC 815]

Maybe all the long time PYCT fans could start a GOFUNDME account to raise $50,000 to buy up the Common Shares and get this scam rolling after a 1 for 100,000 reverse split... LOL!
Who would be our CEO - we can hire TOM HANDS, if he is still alive, for PR... LOL!

[OCEANIC 815]

PYCT DEATH WATCH:5000 traded @0.000001=HALF PENNY!!PYCT corpse spasms. Did they cut a penny in half down the Docks? LOL!

[OCEANIC 815]

When will the SEC finally revoke this thing? I dont think its traded in 3 weeks. Even back in January it traded a few dollars worth here and there.
They should bury it in Mario Pino's grave - assuming hes really dead.

[Drexqd]

I just wish I could get it to go away.

[Livi1]

Bought at .0004, dumped at .0002 and now it's at .000001. Glad I took my 50% haircut and dashed for the exit, never to return.

[MVick]

Penny land!

[Livi1]

Pyct twitched. LOL!!!!!

[OCEANIC 815]

PYCT DEATH WATCH: $5 worth traded @0.000001. The PYCT corpse spasms...

[OCEANIC 815]

PYCT DEATH WATCH: 90c worth traded @0.000001.the PYCT corpse twitches again!

[Livi1]

People still posting here?

[OCEANIC 815]

The PayJEST Zombie has stirred... $1 worth at .000001

[OCEANIC 815]

17 cents vol @0.000001..That concludes PayJest Death Watch Update for today... When the SEC finally put this scam out of its misery so The Dominion Of Melchizedek can resurrect the Flushaway/Sustain scam with using a new clean shell? Will the SEC let them? Will the Ghost of Mario Pino help?

[OCEANIC 815]

92 cents worth traded @0.000001...now PayJest is cooking with gas... LOL!

[OCEANIC 815]

WOW! 75 cents worth traded @0.000005...LOL!