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The company has a 30-day appeal window. Until that determination is made, there is no need for communication.
The company made arrangements to eliminate the TCA debt.
I'm patiently waiting for high-priority tasks to be completed. Then I will patiently wait for the medium priority tasks to be completed. Such is the life of a development business under the JOBS Act.
Ask him why it's only 10,000 shares :)
I do see them invest in other OTCQB companies.
1 New Institutional Holder
10,000 New Total Shares Held
Owner Name Date Shared Held Change (Shares) Change (%) Value (in 1,000s)
JOEL ISAACSON & CO., LLC 09/30/2015 10,000 10,000 New
Read more: http://www.nasdaq.com/symbol/myec/institutional-holdings/new#ixzz3ptRIDZzc
The USPTO is the ONLY valid source.
A Patent Number is never the same as the Application Number(s). They are unique IDs for a reason. Applications are often more than a one-document process. The two application numbers visible in my link to the Patent Record belong to the same process.
End of discussion.
UNDISPUTABLE PATENT FACTS FROM USPTO
U.S. Patent Number 7,389,913 - Method and apparatus for online check processing
http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PTXT&s1=7389913.PN.&OS=PN/7389913&RS=PN/7389913
Application Number 11413673 that led to U.S. Patent Number 7,389,913
http://appft.uspto.gov/netacgi/nph-Parser?Sect1=PTO2&Sect2=HITOFF&p=1&u=%2Fnetahtml%2FPTO%2Fsearch-bool.html&r=1&f=G&l=50&co1=AND&d=PG01&s1=myecheck.AS.&OS=AN/myecheck&RS=AN/myecheck
Wrong resource!
Pay close attention to the bold words.
FACT: There is just ONE Patent titled "METHOD AND APPARATUS FOR ONLINE CHECK PROCESSING" and it is Assigned to MyECheck.
Are you suggesting the USPTO didn't confirm the Assignment and/or that the USPTO official record is not a legal document?
Only if MyECheck grants him a License to use his patent invention as a third-party entity, or if Ed forms a subsidiary company, or runs a MyECheck spinoff company. Looks like an all-around Win-Win-Win to me! Imagine THAT revenue!!!
Change of Owner (Assignment) and Change of Owner Name
A Non-Exclusive allows MyECheck to grant licenses to third parties and use for itself at the same time.
An assignment is an irrevocable and permanent transfer of ownership.
Examples: "An assignment may be appropriate, however where the patent owner prefers to receive a lump sum price, at the time of the assignment, rather than collecting royalties."
Accounting/Auditing Firm
PMB Helin Donovan
Accounting/Auditing Firm
5918 W. Courtyard Drive
Suite 500
Austin, TX 78730
http://pmbhd.com
cbauer@pmbhd.com
Contact Us
877.762.4360
info@pmbhd.com
Ed deserves royalties. Not a concern at all.
The patent is assigned to MyEcheck.
Ed stated a buyout would be "multiple dollars" :)
Subscribe to company YouTube channel. The above quote is in one of the AGM videos.
They have a 30 day window in which to consider an appeal.
eMobile Pay Name and Logo = Brand Name.
Let us know when MYEC has a data breach. I won't hold my breath.
eMobile Pay Rewards Programs will be visible SOON :)
Ready for takeoff!
My circle of influence includes people who hate cash/coins/cards.
This company "gets it" and has fraud protections unlike any other.
Watch! It's coming...SOON!
No one cares about deferred tax asset decisions.
Wishing the company would report a deferred tax asset is second guessing on your part.
Seems your only option is to ask the SEC to verify MYEC's claim to be Fully Reporting, audited, and whether their shares are properly registered.
Everyone else seems very happy with Christine's work.
https://m.facebook.com/story.php?story_fbid=456640157853420&id=243292579188180
The PPS has nothing to do with one person's second guessing of audited fins, especially data from 1.5 years ago.
Welcome to the MYEC Board! This is where you can find long term investors with oodles of knowledge about the company, its CEO, and history.
To address your concerns of validity, please go to OTC Markets and search on MYEC. Below is an excerpt that states the company has audited financials.
http://www.otcmarkets.com/stock/MYEC/quote
Financial Reporting/Disclosure
Reporting Status U.S. Reporting: SEC Reporting
Audited Financials Audited
Latest Report Jun 30, 2015 Quarterly Report
CIK 0001619558
Fiscal Year End 12/31
OTC Marketplace OTC Pink Current
SOON YOU WILL SEE OTCQB INSTEAD OF PINK!!!
Seems you missed the Press Release! "Cleared" = "Approval"
FOLSOM, CA--(Marketwired - Oct 8, 2015) - MyECheck, Inc. (OTC PINK: MYEC), the leader in electronic check solutions and mobile payments technology, announced today its Form 10 filing with the Securities and Exchange Commission, also known as General Form For Registration of Securities, has been cleared by the Securities and Exchange Commission and will become effective next Tuesday. MyECheck's common stock will be registered with the SEC, and MyECheck will be fully reporting with the SEC as of October 13, 2015.
http://www.otcmarkets.com/stock/MYEC/news/SEC-Approves-MyECheck-Form-10-Registration-to-Be-Fully-Reporting-Public-Company?id=116257&b=y
Today is October 26, 2015. The company has filed audited financials. The SEC has approved their Form 10.
It's all good :)
Ed stated the company would grow into its share structure. Watch the AGM videos on the company's YouTube Channel.
https://www.youtube.com/channel/UCNsl_dt2HrSgmiGVDzXyzrA
It really doesn't matter in the life of MYEC. The company has auditors.
Nope. They agreed with my ability to speak to the 2013 license transaction that was announced in a press release, and the adjustment of same in Q2 financials.
Read and reread if it helps.
Yep! Why do you think anyone needs you to analyze the work of auditors and the SEC?
Is that why so many posters agreed with me?
Give it up. There is nothing wrong with the audited financials. No one lied.
No lies occurred. Purchaser of license 2013/2014 decided that technically they couldn't or didn't want to undertake implementation of product. At the time of PR, that company paid license fee. Once above decision was made, Ed announced the accounting adjustment to revenue would be reflected in Q2 financials.
I also started my position in .04 pps range. I watched it go to .08. Then like every other pink stock at the time, it was sold off for quick profit by traders, which caused the price to drop. I have never complained. I averaged down to where I can sell for profit as needed, if needed. I plan to cover all costs then go very long onto NASDAQ where even small lots will yield big rewards.
Without significant revenue, no pink runs high and stays high. This stock has been played as long as I've been in it. Flippers will flip, shorts will short, longs will endure.
We are on the cusp of watching Ed and team's years of hard work pay off. There is no better time to get in and go long.
SEC approved Form 10 registration of shares.
PR announcing lucrative business relationship with Africa bank can be issued anytime between now and early November.
OTC Markets will announce the company will trade on OTCQB within two weeks. Coupled with higher trade tier, and rising pps, we will begin to see institutional money buying in.
Ed has integrity. None of the efforts to portray him and his team otherwise are accurate.
See Post 230864
Our CEO is a patent genius! Looking forward to seeing the current top secret patent in development reach the USPTO :)
Development phase of product/process life cycle is not equal to submission of final product/process to Patent Office. Therefore, one will not see Application in that database at this time.
Next topic!
Ed stated they were working on one. This would be in addition to the existing patent records in U.S. Patent Database.