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"PayChest system goes directly into your desired account automatically if its set up"
LOL...anyone can do the same thing FREE with their own on line checking account.
Do you really believe anyone would actually pay to use this?
I really can't wait to see what's next for this 17 billion shareholder mess of a stock.
The sow lied to shareholders once before can he do it again?
Pillay and Company beware.
Some observations...
Pillay & Company assumed controling interest with 100MM non trading preferential voting share block in the company with an exchange of $200,000 for some undisclosed equipment.
Key Point: 200MM Preferential non trading stock is on the books. Who owns the other 100MM? Mario?
The market cap today at .0001 is 1.7 million. Pillay & Co assumed control for just $200,000 in undisclosed equipment. Feel silly yet?
Pillay & Co has given shareholders the pleasure of less than $9,000 in revenue and a $511.00 net loss.
No mention of any shareholders owning more than the required 5% discloser. Is mario and all other past interested parties gone or were they converted to the Preferential non trading stock?
Pay attention to Note 2 as it pretty much discounts the validity of the asset value of the gas lines. Discounting the gas line business, your left with less than a 1/2 million of assets which list as undisclosed equipment and a recent purchase of some software.
I see Pillay's main company couldn't muster up a financial statement.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=wmdh
What's to read...lemonade stands on the beach produce more revenue than PYCT during the quarter.
Provide any proof this is a business that produces revenue.
Your not very smart are you?
dcjr4107...how exactly do you think your going to make money on a shell with massive baggage and a huge OS?
What audit?
QBID, are you a QBID'er. You like that huh?
Some sick stuff.
Do you have any clue of what I was saying?
Your statement to me makes no sense.
According to the publicly available financials Pillay owns no more than 5% of the common stock.
Do you just make stuff up as you post?
I believe dotchaser is in a "Harry" mess.
By: bherddotnet
14 Oct 2007, 04:17 PM EDT
Msg. 31563 of 31567
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Interesting bherdnet has been altered to a "coming soon" status , which proves dotchasher called Pillay and told him it would be made public .....perfect!
Hook line and sinker , this one.
If a product called inkybot shows up in the market place someones in deep sheet!
By: bherddotnet
14 Oct 2007, 05:24 PM EDT
Msg. 31565 of 31567
(This msg. is a reply to 31564 by vidablue620.)
Jump to msg. #
LOL, "I" am ruining it?
Seriously?
Hmnnn maybe the ones that are lying have "ruined" it for everyone?
Or perhaps the people manipulating both securities for their gain (one way or the other) have ruined it for you.
Stock manipulation is serious , and when a ceo informs a shareholder and indicates specific information that can easily be verified by the sec we have a problem.
Yup , its clearly my fault , no biggy .
Payout?LOL sure man , I herd Friday!
http://ragingbull.quote.com/mboard/boards.cgi?board=PYCT&read=31565
By: bherddotnet
14 Oct 2007, 03:55 PM EDT
Msg. 31562 of 31567
Jump to msg. #
Go to bherd (dot) net and look around , be sure to see their address.
I was told Pillay bought a majority share in this company and it is supposed to become part of Paychest.
I also have a picture of Pillay , and associates dinning with a government official of Vietnam.
Perhaps I can get the moderator on Ihub to make Pillays picture part of the page?
I also have a picture of the person who emailed this and sat in on meetings at the Paychest office and was shown/told information the public is not privy to.(He is a poster you know)
The sec will have this packet also.
Enjoy , I dont post often.
://ragingbull.quote.com/mboard/boards.cgi?board=PYCT&read=31562
It seems we have a reversal on share count.
Very disturbing.
From Pink Sheets and as reported by PYCT PR's.
Outstanding Shares
17,140,990,045 as of Jun 8, 2007
Authorized Shares
25,000,000,000 as of Mar 31, 2007
From the latest Arizona corporate filing.
Issued Shares
21,046,534,385 as of September 30, 2007
Authorized Shares
100,000,000,000 as of September 30, 2007
Arizona corporation annual report filed 10/09. Dated 09/30.
Is this the big news? LOL
http://images.azcc.gov/scripts/cgi/dwispart2.pl
It was a total scam...PR's claiming naked shorting...
Some people made good money selling shares.
Let's get real here.
This is the same company that released a naked short PR.
This was a classic Pump & Dump.
Sue the bastards.
STOP...This should give investors a little guidance.
STOP is exactly what Pink Sheets has classified both PYCT and it's related cousin WMDH.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=wmdh
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pyct
Is this scam done?
Everyone does realize that the share reduction was the result of the rollback of the shares given to the paid touts and some "associated shareholders" that were given discounted shares...right? After all, prior to the beginning of 2006, PYCT had about the same OS as now.
I think some of our friendly touts are now in trouble.
I would really like to here Andy the tout view at this point.
30 day plan...
"PayChest will also appoint an independent stock transfer agent, a new SEC attorney and move all operations into new premises in southern California"
Transfer agent Name?
SEC attorney Name?
Other than the virtual office I would say there is no corporate headquarter.
SANTA MONICA, CA--(MARKET WIRE)--Oct 20, 2006 -- PayChest Inc. (Other OTC:PYCT.PK - News) today announced a 30 day action plan, relating to PayChest's operations, under the restructuring guidelines of CEO Lawson Pillay The initial strategy calls for immediate changes in staffing and technology. All existing PayChest relationships with directors, employees and contractors have been terminated. PayChest now has direct access to staff and technology through Genfin and its strategic partners. These resources will provide PayChest with intellectual property, financial processing software and connectivity to currently operational financial gateways.
PayChest will also appoint an independent stock transfer agent, a new SEC attorney and move all operations into new premises in southern California.
Has any human tested this?
Dec 1, 2006 -- PayChest, Inc. (Other OTC:PYCT.PK - News) today announced the launch of its online payment gateway products: PayChest ACHnet, PayChest E-Check, PayChest RD21 and PayChest Credit Card Processing.
http://biz.yahoo.com/iw/061201/0190626.html
When the apparent "parent" company of PYCT cannot fulfill it's basic shareholder fiduciary responsibility on reporting timely financial filings one should be very worried.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=wmdh
Clarify "We".
I'd have to say some people were taken in by Mario, very few by Cerda and only a select few gem's coveted by the penny world by all three.
Congrat's on your achievement.
"We have been taken by Pino, Then Cerda, Now Pillay. Welcome aboard this POS scam company'
That's really wonderful information!
Now we have a PR guy doing the company financials!!! LOL
"John Young said he is working on getting the Quarterly Financials done the pr's I just talked to him yesterday and the day before and the day before and the day before........."
LOL, that post was a classic!
Ask an adult to read the words in the "Warning Box" and have them explain to you what it means and report back.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pyct#getQuote
If that is what John Young said then he is a liar.
"He said watch the Market Makers (MM's) "They will know what is going on and you will see them move the stock"
PYCT doesn't have Market Makers.
For those without any common sense, read the box that has the big WARNING sign on it.
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pyct#getQuote
LOL!!!...DAILY KOS CO-AUTHOR FINED $30K FOR UNETHICAL STOCK TOUT
Wed Aug 08 2007 19:12:23 ET
Prominent liberal blogger Jerome Armstrong has agreed to pay nearly $30,000 in fines in a settlement with the Securities and Exchange Commission over allegations that Armstrong touted the stock of a software company, without disclosing that he was being paid to do so, the NY TIMES reports.
Armstrong is the co-author of _Crashing the Gate: Netroots, Grassroots, and the Rise of People-Powered Politics,_ with Markos Moulitsas of Daily Kos. He is also the founder of the Democratic activist site MyDD.com.
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20228 / August 7, 2007
SEC v. Sierra Brokerage Services, Inc., et al., United States District Court for the Southern District of Ohio. Civil Action No. C2-03-326
On July 26, 2007, the Honorable John D. Holschuh, U. S. District Judge for the Southern District of Ohio, entered a Final Judgment as to defendant Jerome B. Armstrong ("Armstrong"). The Final Judgment permanently enjoins Armstrong from future violations of Section 17(b) of the Securities of 1933. The Final Judgment further orders Armstrong to pay disgorgement in the amount of $5,832, prejudgment interest of $3,235, and a civil penalty of $20,000. Armstrong consented to the entry of the Final Judgment without admitting or denying the allegations of the Commission's Complaint, except as to jurisdiction.
The Commission's Complaint, filed on April 14, 2003, alleged that beginning on March 6, 2000, Armstrong touted the stock of BluePoint Linux Software Corporation ("BluePoint") by posting unsubstantiated, favorable buy recommendations on the Raging Bull internet site. Armstrong posted over eighty such recommendations during the first three weeks that the stock of BluePoint was publicly traded. According to the Complaint, Armstrong praised BluePoint's investment value and encouraged investors who were experiencing trouble having their orders filled to keep trying. The Complaint further alleged that the promoters of BluePoint were secretly transferring stock in three other companies to Armstrong at prices below the then current market for those three stocks and that Armstrong made at least $20,000 by selling the shares he received from the promoters of BluePoint. The Complaint alleges that Armstrong did not disclose in his internet postings that he was being compensated for making the postings.
http://www.sec.gov/litigation/litreleases/2007/lr20228.htm
Any chance they can explain the false and misleading PR about the short selling PR they issued last year? Was it a pump and dump? It certainaly looks like it.
The credibility of this company is worthless. IMHO.
Some major unloading of shares today.
Headquarters? LOL
Are you talking about the much publicized event that was suppose to started in March or the most recent one?
"They're waiting for the marketing campaign to kick in."
LOL, that's just plain silly.
"heres a idea !!! e-mail john, but your phone number in the e-mail, and ask away :))"
h24ever, yes congrats! You own a stock that has 16 billion shares outstanding and has had no recognized revenues.
The official launch was December 20th 2006. Do you think there will be any revenues reported with the 2nd quarter financials due out soon? No revenues were reported with the 1Q.
Real businesses operate from a revenue generating point of view rather than a share consolidating view, do you agree?
After all, what's the point investing in a company dedicated to share reduction if they have no business?
Eventually that share reduction would most likely include the elimination of your shares especially given the 16B of OS.
Thanks, I'm sure this will be revealed in the next financial statement right? I sure hope your not lying.
"I called and the answer I got was ten (10) Why do you make up additional stuff?? lol"
http://www.investorshub.com/boards/read_msg.asp?message_id=21046556