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NOT SURE IF YOU NOTICED BUT TRANSFER ONLINE IS PYCT'S TRANSFER AGENT HERE LOOK;
Transfer Agent(s)
Transfer OnLine, Inc.
http://www.otcmarkets.com/stock/PYCT/company-info
HOW COULD A "SCAM" EVEN DO A DTCC STOCK AUDIT?
They couldn't, the DTC would ask that the SEC shut them down.
PayChest Completes DTC Stock Certificate Audit
HONG KONG--(Marketwire - Jun 20, 2011) - PayChest, Inc. (PINKSHEETS: PYCT)
PayChest Inc. (the "Company") is pleased to announce it has received confirmation that it has completed a common stock certificate audit with the DTC (Depository Trust Company). The audit's purpose is to reconcile physical certificates issued by the Company and on the register of DTC and certificates on the Company's central register that are held by bona fide shareholders.
The audit and reconciliation identified certain PayChest certificates issued between 2005 and 2008 that were not accounted for correctly. The Company will increase the reported issued and outstanding shares to 22,374,345,625 (an increase of 124,014,285 or about 0.55%) upon the publication of the next financial statements (March 2011) planned for filing this week.
No new shares have been issued and the higher recorded share count following this audit reflects an improvement in accounting of shares already issued.
While this is the true share count of issued and outstanding shares of the Company, the number of shares in circulation may differ due to market maker activities independent from the Company. Market makers are third party entities that create a trading platform for the Company's shares to be traded. They post bids and/or offers for the Company's shares.
The DTC audit is an important tool for the new management team as it improves upon existing fiscal control and record-keeping in anticipation of the planned stock dividend/spin-off.
The completion of this audit allows the Company to be DTC eligible enabling the Company to move its Transfer Agent activity to a new service provider that is recognized and regulated by the Securities & Exchange Commission.
The Company plans to engage a new Transfer Agent, prior to the spin-off of the Oregon subsidiary, to ensure the stock dividend process is closely controlled while being expedited as quickly and accurately as possible.
About PayChest (Arizona)
PayChest, a global marketing company and developer of technology solutions and its strategic partner companies, market and distribute select products and services worldwide, which provide an increased public awareness to conserve and preserve the world's limited resources.
About the proposed dividend of subsidiary PayChest (Oregon)
PayChest and its strategic partner companies are developing integrated commerce processing solutions utilizing cutting edge technologies to deliver in store, online and mobile solutions globally. These include turnkey point of sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment platforms and rewards-based platforms to integrate into an existing business system.
Safe Harbor Statement
The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," "can" or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.
EVER SEEN A PINKSHEET DO A DTCC STOCK AUDIT?
PayChest Completes DTC Stock Certificate Audit
HONG KONG--(Marketwire - Jun 20, 2011) - PayChest, Inc. (PINKSHEETS: PYCT)
PayChest Inc. (the "Company") is pleased to announce it has received confirmation that it has completed a common stock certificate audit with the DTC (Depository Trust Company). The audit's purpose is to reconcile physical certificates issued by the Company and on the register of DTC and certificates on the Company's central register that are held by bona fide shareholders.
The audit and reconciliation identified certain PayChest certificates issued between 2005 and 2008 that were not accounted for correctly. The Company will increase the reported issued and outstanding shares to 22,374,345,625 (an increase of 124,014,285 or about 0.55%) upon the publication of the next financial statements (March 2011) planned for filing this week.
No new shares have been issued and the higher recorded share count following this audit reflects an improvement in accounting of shares already issued.
While this is the true share count of issued and outstanding shares of the Company, the number of shares in circulation may differ due to market maker activities independent from the Company. Market makers are third party entities that create a trading platform for the Company's shares to be traded. They post bids and/or offers for the Company's shares.
The DTC audit is an important tool for the new management team as it improves upon existing fiscal control and record-keeping in anticipation of the planned stock dividend/spin-off.
The completion of this audit allows the Company to be DTC eligible enabling the Company to move its Transfer Agent activity to a new service provider that is recognized and regulated by the Securities & Exchange Commission.
The Company plans to engage a new Transfer Agent, prior to the spin-off of the Oregon subsidiary, to ensure the stock dividend process is closely controlled while being expedited as quickly and accurately as possible.
About PayChest (Arizona)
PayChest, a global marketing company and developer of technology solutions and its strategic partner companies, market and distribute select products and services worldwide, which provide an increased public awareness to conserve and preserve the world's limited resources.
About the proposed dividend of subsidiary PayChest (Oregon)
PayChest and its strategic partner companies are developing integrated commerce processing solutions utilizing cutting edge technologies to deliver in store, online and mobile solutions globally. These include turnkey point of sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment platforms and rewards-based platforms to integrate into an existing business system.
Safe Harbor Statement
The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," "can" or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.
"promoting PYCT" WHEN?
Good job ADANAC, YOU ARE 100% RIGHT ON ALL COUNTS
OH YA they gave me a copy of it, I will scan and upload it to the board for all to see!! LOL
The day will come when we see this move, the MM's are out of tricks and can no longer short it to hold it down.
MARK THIS POST
"You will never see a regular bid of .0002" I know it will jump right over .0002 and go to .0004 then to .002
WATCH
NEWS COMING*****IR CONFIRMED*****
If any of what the company has released in the form of a press release WAS NOT true, they would have been shut down a long time ago!!!!!!!!!!
AND THAT IS A FACT!!!!!!!!!!!!!
How did they produce samples? Where did that money go to purchase the equipment? What is the equipment for? LMAO
FYI TARGET STORES only change their "planogram" once a year in September. And it takes 2-3 years to get your product into their stores. And since PYCT has been working on sales for about 2.5 years it's about due. I know PYCT was working with target over 2 years ago because I know someone that works at Target Corp HQ.
Many of you need to know what a "planogram" is;
http://en.wikipedia.org/wiki/Planogram
PayChest Receives $1.2 Million Purchase Order
HONG KONG--(Marketwire - Apr 16, 2012) - PayChest, Inc. (PINKSHEETS: PYCT)
PayChest Inc. (the "Company") is very pleased to announce it has received its first Purchase Order worth $1.2 million.
The Purchase Order, from David Shaw & Company in the UK, requires delivery of 16 containers of Mibella flushable and biodegradable sanitary products over 12 months. Each container of product is worth more than US $75,000 in gross revenue to the Company.
David Shaw & Co. is a UK & Ireland distributor with more than 30 years' experience selling to large UK, Irish and European retailers.
Shortly before the product is placed onto store shelves, the Company plans to provide an update of retail stores where Mibella product will be placed and available to consumers.
As announced on February 10, 2012, the Company was negotiating six (6) purchase orders. Today's announcement marks the first of those anticipated purchase orders.
The Company continues to negotiate other purchase orders with the objective of building on this first purchase order and creating a growing pipeline of orders and revenue.
Historical news releases on the Company can be found at http://www.paychest.com/news.htm.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's filings with OTC Markets http://www.otcmarkets.com/stock/PYCT/financials.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
I said by the end of the month, but most likely we will see it this week.
"Flushaway® is being developed to deliver biodegradable diapers for babies, and a product for adult incontinence protection."
When this is announced, it will be with one of the big three. Mark this post.
Business Description
Paychest is a global marketing company that licenses non-polluting technologies for development and commercialization.
Flushaway is a unique range of feminine hygiene products manufactured in a patented process that makes our products flushable, biodegradable and dispersible under the most stringent environmental standards.
We have an exclusive manufacturing license to patents, trademarks, manufacturing and select marketing rights to our range of products.
Our products have previously been sold under the Flushaway brand in the United States, Hong Kong, South Africa, Australia and the United Kingdom.
Flushaway is being developed to deliver biodegradable diapers for babies, and a product for adult incontinence protection.
The market size of womens sanitary products that Flushaway targets is estimated at
$9 billion; $6.5 billion sanitary pads and $2.5 billion pantiliners.
http://www.otcmarkets.com/stock/PYCT/company-info
RE: Q: Does pyct Really does have a product?
A: Yes, it does have a product. For years they have been working on developing the product and now are on the 4th generation and commercial production is now ready. In FACT the "Flushaway" brand was in many retailers around the world and you can still buy Flushaway today which was from the 3rd generation of commercial production.
Q: Is it true that pyct is selling shares under .0001 to insiders?
A: Yes, a very small amount and in fact they have not sold one share on the open market in over 7 years.
Q: Does pyct Really have a Purchase Order?
A: See the press release announcing it and it also mentions this purchase order in the latest financials.
http://www.marketwire.com/press-release/paychest-receives-12-million-purchase-order-pinksheets-pyct-1644165.htm
http://www.otcmarkets.com/financialReportViewer?symbol=PYCT&id=104720
Q; Will pyct Really have a product?
A; It already does, I have a sample in my hand, also once again this is the 4th generation of the product.
Q: What about the FDA registration, isn't that proof of a product? Or at least proof of credible activity?
A; It has to be registered with the FDA in order to be on the shelf at USA Retail Stores.
Q: What about the new TA registration, isn't that proof of a product? Or at least proof of credible activity?
A: YES, an SEC APPROVED Transfer Agent does give more credibility to any company.
Q: Why did pyct pay a tout $10K to try and promote pyct?
A: This is peanuts compared to most pinksheets that spend $$millions and $$millions of dollars promoting their stock.
Q: Some people believe that pyct is just a scam.
A: That is not true. If it were the DTC would have alerted the SEC during the 2nd STOCK AUDIT and PYCT would be shut down.
Q: How can pyct be functioning for this long without any sales if it is a scam?
A: It actually does have outside funding. Which is very, very rare and if you can find another pinksheet that HAS NOT SOLD ONE SHARE ON THE OPEN MARKET AND IS PRIVATELY FUNDED you should BUY ALL THE SHARES YOU CAN.
Q: Some posters make claims that salaries are being paid out, how can they pay salaries if there is no money coming in?
A: They are paying monthly salaries, see the financials page 9 of 19 on the latest financials
http://www.otcmarkets.com/financialReportViewer?symbol=PYCT&id=104720
And also Peter Coorey the CEO is paid $2,500 a month in CASH, see the annual report here on page 9 of 45:
http://www.otcmarkets.com/financialReportViewer?symbol=PYCT&id=102415
Q: Some people say that pyct is running a Pump and Dump scam
A: The company has not sold one share on the open market in over 7 years, and the financials clearly show that no insiders have sold any of their shares.
Not selling out, it might be something like this; One of the big three manufacture a 100% biodegradable diaper and they use PYCT's biodegradable film made by Xinpro Manufacturing which PYCT is acquiring. Then PYCT sells our film for use in their diaper.......HINT HINT, a license agreement.
"Flushaway® is being developed to deliver biodegradable diapers for babies, and a product for adult incontinence protection."
When this is announced, it will be with one of the big three. Mark this post.
There WILL be a deal with one of the big three, MARK THIS POST>
I bet we see it next week
PayChest Receives $1.2 Million Purchase Order
HONG KONG--(Marketwire - Apr 16, 2012) - PayChest, Inc. (PINKSHEETS: PYCT)
PayChest Inc. (the "Company") is very pleased to announce it has received its first Purchase Order worth $1.2 million.
The Purchase Order, from David Shaw & Company in the UK, requires delivery of 16 containers of Mibella flushable and biodegradable sanitary products over 12 months. Each container of product is worth more than US $75,000 in gross revenue to the Company.
David Shaw & Co. is a UK & Ireland distributor with more than 30 years' experience selling to large UK, Irish and European retailers.
Shortly before the product is placed onto store shelves, the Company plans to provide an update of retail stores where Mibella product will be placed and available to consumers.
As announced on February 10, 2012, the Company was negotiating six (6) purchase orders. Today's announcement marks the first of those anticipated purchase orders.
The Company continues to negotiate other purchase orders with the objective of building on this first purchase order and creating a growing pipeline of orders and revenue.
Historical news releases on the Company can be found at http://www.paychest.com/news.htm.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's filings with OTC Markets http://www.otcmarkets.com/stock/PYCT/financials.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
News by end of month, MARK THIS POST***********
IR said so
ROTFLMGDAO!!!!!!!!!!!!!!!!!!!!!!!!
Simple fact is that every stock has a naked short on it, even stocks like ford motor co. and GE. For someone to post over and over that there is no short on a pinksheet stock is absurd.
Watch this video then get back to me.
Lakers1717
Tuesday, October 24, 2006 8:02:06 AM
Re: None
Post # of 97354
Good morning. I expect a rally for Paychest by the end of this month.
Short scams typical try to claim "No Short" over and over as to try and make believe that there is no short on a pinksheet stock. They also say that the company will do a reverse split very soon and WILL have to do that and also that the company will get shut down. And it's a diluted pig and company is dumping shares. The FACT is the shorts are dumping shares to hold the pps down, it's called cellar boxing, google the term "cellar boxing" and you will see some very good article in regards to this fraudulent abusive activity. Don't believe a word.
You mean "clean" as in NO SHORT? I know PYCT is shorted beyond belief.
Trum SHOW PROOF OF ANY SHARES GIVEN FOR "NON-FINANCIAL REASONS (DEBT PAYBACK AT .0001/SHARE)":
".there is just too many shares given out to shills at UNDER .0001 for their weak and desperate hyping attempts.."
SINCE FLUSHAWAY HOOKED UP WITH PYCT.
YOU consistently post the UNDER .0001 (which would give at seller at .0001 some kind of profit.
According to the FINANCIALS
Issued and outstanding on Dec 31, 2005 15,000,000,000
Issued and outstanding on Dec 31, 2006 21,046,534,385
Issued and outstanding on Dec 31, 2007 17,140,990,045
Issued and outstanding on Dec 31, 2005 15,000,000,000
Shares for SERVICE=(LAST TIME)===========1,559,009,955
Issued and outstanding on Mar 31, 2008 19,650,000,000
MAY 2008 **** PILLAY ANNOUCES FLUSHAWAY DEAL ****
Issued and outstanding on Dec 31, 2008====19,650,331,340
Issued & Outstanding as of DEC 31,2009 :==== 21,850,331,340
Issued & Outstanding as of Dec 31,2010:===== 22,250,331,340
Issued & Outstanding as of June 30,2011:===== 22,374,345,625
Issued & Outstanding as of Sept 30,2011:===== 27,985,264,936
Issued & Outstanding as of MARCH 31,2013:==== 27,785,264,936
It WILL be good! IR would not be calling people if it was bad. Silly to think it will be bad. Why would you think that?
Short scams typical try to say "No Short" over and over as to try and make believe that there is no short on a pinksheet stock. They also say that the company will do a reverse split very soon and WILL have to do that and also that the company will get shut down. Don't believe a word.
BUY ALL THE CHEAPIES YOU CAN, NEWS COMING
News by end of month, MARK THIS POST***********
IR said so
News by end of month, MARK THIS POST***********
IR said so
BOY OH BOY THIS BOARD IS ON FIRE!!!!!!
POINT IS 50 million in BUYING @ .0002 KNOCKED IT OUT and it went .0002 x .0003
VOLUME PROCEEDS NEWS*********************************
Actually the day the FDA PR came out PYCT went .0002 x .0003, and only 50 million .0002's took out the 2's and it went .0002 x .0003
LIES ABOUT PYCT
Proven fact that John Banks owns and runs Rich Capital, and pyct. John Banks failed to disclose that he was the recipient of the $600K in commons shares from pyct to Rich Capital.
-Has never produced a single product for sale.
-Has zero revenues and zero sales(hence the first item)
-Has paid Touts Thousands of dollars to get the word out to the penny stock players but won't spend a dime to advertise(appear at a trade show) to the consumer base that will bring in revenues....unless dumping shares is their revenue.
-Has over 27BILLION share O/S and growing in the past year.
-Has claimed to have a World Wide Sales force but there is no phone number or way to contact this World Wide Sales force...lol..what sales team has no contact information.
-Has claimed to have Purchase Orders with David Shaw but David Shaw does not appear to be a functional operation...with no working telephone or email.
-Has openly admitted to setting up BILLIONS of shares to dump out at BELOW .0001 - that will hurt the PPS for years....
-Has no salary expenses in their financial statements but they have stated that they paid out common shares for services and cash. Over 16Billion shares worth of services and cash (as documented in their own financial statements)
-Has registered their name with the FDA but not a product, why not register a product if they had one...strange.
-Has 2 (TWO) I/R folks hyping this...why have 2 for the last year, they did a pretty nice job hyping this the first 3+years with just one.
-Has been stuck at .0001 for 99% of the time besides the times of P/R runs and news releases that are always met by heavy dumping.
-Has claimed to be nearing production back in 2009, but never got close.
-Has claimed to have purchased select equipment for production over a year ago but the official financial statements show that was not the case.
-Has to compete with a product that does the exact same thing that flushaway is trying to do. TomKit.net is selling this niche product already.
-Has no short position or short interest as reported by the official SEC listings. Which also prove there were no FTD regardless of what some claim.
These are the Facts on File for pyct - all of which are irrefutable and are proven.
Here are a few more facts on pyct that are not proven but still facts;
-Has mailed out samples to about 4 or 5 shareholders that we know of. No idea if they were old samples or not.
-Claims it has a world wide sales force but they can't be contacted...no phone nor email ...strange.Duplicate but worth re-stating
-Has claimed to have a production factory but nobody knows where it is nor can anyone contact this place (no address or phone number)
-Claimed to have private funding but there is nothing verifiable about this rumor or the claimed funding group.
-Has claimed to have done an audit, but has never shown any documentation of an audit. The supposed audit did claim that there were no issues (no short position)..none the less they claimed it was done.
-Has not lost anyone any money when they bought this at .0001 and held..and held and held, but has not made anyone any money unless they could of sold at .0002 like most bag holders did trying to get rid of this if they can.
-Claimed to be performing a stock buy back but their TA is gagged and can't be verified even though pyct claimed that they have bought back 200mill in shares compared to the 6BILLION recently dumped out...what a joke.
PayChest Reiterates No Reverse Split
HONG KONG--(Marketwire - Feb 16, 2012) - PayChest, Inc. (PINKSHEETS: PYCT)
PayChest Inc. (the "Company") is providing an update to address the most common shareholder question and restate, that there is no reverse split planned in the foreseeable future.
The Company has consistently maintained this position, and stated this in many of its financial reports over the last four years. Reverse splits usually reduce shareholder value.
As announced on November 14, 2011, the Company is continuing to buy back shares and has recently repurchased a further 100 million common shares as part of the share buyback program (total 300 million) to reduce the shares outstanding. The shares are being repurchased at current market prices. The buyback program was planned to last three (3) months although Management may continue at the Company's discretion.
PayChest's transfer agent, Transfer Online, will be notified of the latest share buy back and the Company share information should be updated and reported in the next two weeks pending the receipt of certain paperwork. The change to the issued and outstanding shares will be posted on the company website www.paychest.com and www.pinksheets.com when this is complete.
The shares reported outstanding as of today are 27.68 billion shares, which at yesterday's close price of $0.0001, gives the Company a market capitalization of $2.7 million.
Patent and research costs over the life of the Flushaway product line are in excess of $10,000,000. Not included in this number are additional costs of new research and development work and product trials carried out for PayChest. The company is of the opinion that these patents and ownership of the new Mibella brand will deliver significant value going forward.
Commercial production is already underway and the Company is in negotiations for purchase orders as announced on February 10, 2012.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's filings with OTC Markets http://www.otcmarkets.com/stock/PYCT/financials.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
Source: PayChest Inc.
Historical news releases on the Company can be found at http://www.paychest.com/news.htm.