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Hey lemon the merrygoround clownjob continues....
Don't they have a 1.2M order to produce?
Was it not the financing they need to be able to produce that 1.2M$ order of 2years ago?
lol...they say
The objective of this financing is to achieve product commercialization
Lets hope u see this money deposited in pyct bank account...lol the next q should show this money in the company accounting
if not more smoke and mirrors.
tmr still at 0001 and shorters still shorting...lol
HONG KONG, CHINA--(Marketwired - July 21, 2015) - PayChest, Inc. (OTC PINK: PYCT) is pleased to announce that the Company has arranged a $500,000 non-dilutive financing with an accredited investor. Under the terms of the agreement, the financing in its current format would involve a five year loan at 10% simple interest with interest payments deferred, capital repayments deferred and profit share payments of up to 7% of EBITDA. PayChest expects to receive the first significant tranche of this phased financing within 2 weeks. This follows receipt of smaller amounts late last week.
The objective of this financing is to achieve product commercialization.
Several important aspects make this financing good for the Company:
a) It is non-dilutive meaning it does not involve the issuance of shares
b) Interest payments and capital repayments are deferred to give the business breathing space to increase sales and recycle revenues (less profit share) allowing the business to gain sufficient mass before starting interest and capital repayments.
c) Profit share is ring-fenced around the sanitary products business, both current and future sanitary products. Any other business PayChest enters would not be subject to profit share under this agreement.
With this Agreement in place the Company anticipates it will fund the supply of materials, custom machinery, marketing and, initially, receivables from sales.
An announcement will be made shortly when commercial production begins. For those not currently on our e-mail list and wishing to receive future news releases it is strongly recommended they call or e-mail the Company to be added.
Hey jerry nice story..BUT
Most of all, is the fact Pyct has no competition and the concept of biodegradable feminine products makes absolute sense, as long as the cost to the consumer is low. I could go on forever with positive reasons, but we feel there's a huge chance to become rich here. The ROI, is just to inviting and challenging to pass up. Anyone crazy enough to invest in these .0001's knows that. I don't even think about the possible shorts because there's enough positive points to make us longs a lot of money, maybe not millions, but when you own a hundred million shares for ten thousand dollars, a few hundred thousand profit I'm sure would make most of us longs happy, especially us that are retired or wish to retire. So, jump on in, the water's fine.
But a very old story dating back too 1999
They said the same thing back then to attract pigeons.
The only difference between today and when they were in Canada on TSX is that for 7years they talking about the shorts as another angle this will make everyone rich.
yup the shorts will get crushed...lol
I guess the shorts read what pyct has stated/promised/IRed/PRed and have determined it all BS and safe to short and sell fake paper to the tune of 80B shares...
Man are the shorts stupid??
Meanwhile read people still read old BS as DD....
informativehttp://investorshub.advfn.com/boards/read_msg.aspx?message_id=102596899
Yup...Ihub showing .0003 ask....and 0001 bid
Is this another pigeonjob trying to get 0001 bites...well its not working
Not one investor interested in the 0001 paper no matter how great the news is going to be
So you see 4 years and squat just like many have been telling you..You have no clue what pyct is upto other then like you state pay for IR to promote the paper and the story in the hopes that people(pigeons after7years) continue to buy.
Maybe like you stated mlon was shorting maybe pyct is doing the same.
Who knows better then pyct that all is BS and squat will happen.
Meanwhile keep the pumpjob going the shorters need you pumpers for 0001 buying to happen....cant short without a buyer.
pyct upperbrass loves you guys...lol
So again.........
Is it possible at after 7years that the shorters are better inform
Is it possible that the shorters are actually the company itself.
Who could be better inform the the pyct upperbrass that nothing will ever happen...lol
pyct is pulling off a great pigeon job
adanac Monday, 03/21/11 07:10:42 PM
Re: None
Post # of 114469
If I am right about the shorts (don't know the size)
Following is the only way I can see they can get out and minimize their losses.
1. I don't believe there are any REAL SHAREHOLDERS selling at .0001
but there are investors willing to BUY at .0001.
2. Therefore, they have to BUY the .0002, being careful that the BID does not go to .0002 (did for the first time in a LONG time last Thursday.
3. They are hopeful that some 'shareholders' get tired and SELL at .0001
4. If they bought ALL the .0002s, they could be sending a message the price is moving up.
I KNOW THE SHARES WILL NOT "REALLY" GO UP UNTIL PRODUCTION IS ANNOUNCED, I AM JUST PROVING MY POINT.
THINK OUTSIDE THE BOX, AND YOU WILL UNDERSTAND HOW IT IS WORKING
poopscooper Tuesday, 03/22/11 11:21:18 AM
Re: adanac post# 72045
Post # of 114469
So your explanation of all the 0001 coming to market are the shorters shorting 0001 paper.
So the company promotes 0001 and the shorters short.
Do the shorters read the company news?
Have they not read production soon 2 times before?
Have they not read samples,production,sample for shareholders last year?
Have they not been scared once in the last 3 year to maybe just maybe stop shorting and maybe start buying at 0001 maybe cover some shares.
How did they know that in 3 years pyct would not be any further away from production then when they first announced this deal?
So your explanation of all the 0001 coming to market are the shorters shorting 0001 paper.
So the company promotes 0001 and the shorters short.
Do the shorters read the company news?
Have they not read production soon 2 times before?
Have they not read samples, production, sample for shareholders last year?
Have they not been scared once in the last 3 year to maybe just maybe stop shorting and maybe start buying at 0001 maybe cover some shares.
How did they know that in 3 years pyct would not be any further away from production then when they first announced this deal?
Is it possible at after 7years that the shorters are better inform
Is it possible that the shorters are actually the company itself.
Who could be better inform the the pyct upperbrass that nothing will ever happen...lol
pyct is pulling off a great pigeon job
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61214623
Looks like everyone is back this week. Something must be up again
That's right Chris something is up again...You must not be on the pigeon list!!
You have to be on that lucky list too receive the latest updates and the chance to loadup before the actual news.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=115287723
Yup one last chance to load up...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111636007
Jerry the story is the same.
IR/pyct and the BB's are broadcasting pyct is about to explode too 10+++++++ soon and 005 within minutes of the big news.
That is the story for the last 7 years.
And again if there was any truth too it logically the 0001 would of been scooped up long ago like in 2008 or more recent 2015.
neither has happened so its all smoke and mirrors and more of the same BS from all pumpers involved promoting this 0001 paper.
AGAIN.....
Just the involved major players and all related people of this blockbuster story from USA,Europe to Chinese would of scooped up all the 0001 in an afternoon and 0002 in a week......logically
But it seems only buyers are the stockfolk pigeonated readers...lol
Jerry,,, there will be many millionaires, and some will be worth 10 to 50 million!!!
And again you forget to mention all these millionaires even before one diaper is sold....lol
And nobody in 10 years sees this opportunity but a few pigeons here and there...If there was any truth too this flushaway story the 0001's would of be scooped up in 2008 by the insiders and there buddies....no need to inform new pigeons of this deal until it hit 001 back in 2008
meanwhile they informed the world in 2008 of this great 0001 must have paper...lol 2015 still 0001 with no interest!! Go figure whos been pigeonated!!
crazyjerry Member Level Wednesday, 07/15/15 09:50:10 AM
Re: logicaljerry post# 114411
Post # of 114419
logical, wait till you've been hear for many years, my self 6 or 7 years in Pyct, some 12 to 14 years, you'll be ready to pull every hair out of your body. LOL. I just hope it's worth the wait, and with so many longs in the 100 million club, there will be many millionaires, and some will be worth 10 to 50 million. Hard to imagine, but I'll be happy with a lot less, even 100,000 so I can finish retiring.
One pigeon gets excited and buys at 0002 and everyone starts dancing in the streets.
Are they still doing the jig over on the stockfolk BB?
Someone there posted they bought at 0002...lol maybe trying to start the pigeon dance
Nobody has to be here!!
These same clowns from Canada have done a memorable job with this story for 7years.
Real pros many dont' know what hit them.
Like over head flying pigeons
What are the chances that IR / pyct had plants on the many BB discussing this old flushaway story?
Are you on stockfolk pumping this story?...lol
Careful the same clowns that got you pigeonated once had to clarify certain statements reported on the Company's web site and in various news releases.
Yup they may of hype up a cetain flushaway story of 2004 north of the border.
Now same story 7 years south of the border later, the same hyped up pumpjob may need to be clarified again...
They have said a lot and done squat...lol
yup in 2008 they flew south looking for new pigeons and found plenty??
Whats the same IR from 2004 Canada saying after 7years selling 0001 paper in USA?
eventually someone will wake up and call some lawyers...lol
At the request of the TSX Venture Exchange (the "Exchange"), Consolidated Ecoprogress Technology Inc. (the "Company") wishes to clarify and update certain statements reported on the Company's web site and in various news releases
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29186699
Sure smells like PR coming...
emails are been sent by IR giving all another chance to load up...again!!
7years of IR email alerts and the buying interest before the news...lol
another pigeon job?
Fool again?
poop, I'm sure you're at least smart enough to hedge your bets, and picked up, or will pick up, enough Pyct shares to cash in on the company in case you bashers are all wrong, and Pyct turns out to be a winner, a real winner.
So you think that the major players like P&G,JJ and Kimberly Clarke all fell asleep on this CES technology and all 3 let this tech slip through their fingers.
CES and pyct both hyped this as a 50B$ a year tech...lol if this were true all the majors would of come knocking and or would of hedged their bets 10 years ago.
Jerry it a good pigeon story that's it...
Jerry if a true story they would get financing asap from either USA or China in a heart beat.
This story has been circulating in China since 2004 and if true the Chinese would be over it like white on rice...plenty money in China
I see the clownjob is working overtime...lol
Again a select few are getting the headsup email alerts...or should I again say a select few lucky ones are getting the headsup to buy more paper...lol How lucky can one be?...lol
tooo funny now the Stockfolk crowd is buying into the BS hypejob.
Hopefully these latest emails, who by the way should be sent to all of us, and are now only going to a select few, are accurate and we finally get a really solid news release or p.r., followed by a ton of volume, in the high hundreds of millions for an extended period, followed by a gap to at lease .0005.
pyct/IR has pulloff a very successful clown pigeonjob here.
They took an old dying dream paper selling story in Canada TSX and brought it stateside....7 years and still plenty pumping the story....less here but plenty still on their very own BB over on stockfolk.
Is RB still talking pyct or they finished their like here on IHub?
maybe one should post here what they pump/hyping on Stockfolks!!!!!
lol....tooo funny
Really Paychest needs financing?
pyct has been talking financing should be easy since 2008.
Of course many knew pyct was a clownjob!!
https://www.google.ca/search?sourceid=navclient&aq=&oq=pyct+clamoring+financing&hl=en-GB&ie=UTF-8&rlz=1T4ACAW_enCA344CA344&q=pyct+clamoring+financing&gs_l=hp....0.0.0.12080...........0.lEHSIiHODHY
Best not to pay too much attention to Stockfolk pumpers......IMO
yup same clowns that are pumping there today were pumping the very same story here 2008-9-2010
Right!! Best not to pay too much attention too them.
amazing nothing on production for 4months...the pyct clowns put the pigeons too sleep.
Not the stockfolks BB ones, they still alive posting news soon, the MOAS soon and claiming to buy more paper daily.
Yup Banana keep watching while pigeonjob continues!!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=64006330
Jerry what you want to hear That we told you so?
That we told you so 100x?
The pyct clowns got many suckers and the story is far from done.
They looking and will find new suckers to buy into this story.
It's 7years that they been going round and round with this story and are setting up to go a few more years but need new pigeons.
The last buy volume of 4months ago, the last time IR and a few well planted BB plants hype/pumped the news coming angle pyct got plenty 0001 and under 0001 buying interest.
now they hyping the pigeonjob of non-dilutive financing angle...lol
any financing would be good!!!
Again Jerry someone happy with getting 0001 all day all year soon all decade ...lol
Again since 2008 I been saying...when told too buy someone has paper for sale...lol
Speaking of Andy ...here he again mentions patents.
Maybe you could ask hin or pyct to provide info on where that patent info may be found.
Maybe he or someone can supply a patent #!!
Maybe he and pyct should stop this patent pump hype job about exclusive manufacturing license to patents?
Post # 2135 out of 2151
Posted by : AndyBadger Posted on: 06/14/2015 @ 09:38:49 PM
We have an exclusive manufacturing license to patents, trademarks, manufacturing and select marketing rights to our range of products.
Fact you can't confirm a posters claims of holding long and this scam appears to attract all kinds - just look at Hands and Banks..two of the biggest liars....
If you wish to believe proven liars that claim that the PPS of pyct is going to .10 then I can understand why you would believe folks are also claiming to be holding pyct for years....and years....without gain.
AND CLAIM TO BE ALWAYS ALWAYS BUYING FOR THE LAST 7YEARS...LOL
AND ON ALL 3 BB'S DISCUSSING PYCT
NICE PIGEONATION
Not 10 years but 7 years.
I have not been repeating what someone has told me.
I have been repeating not to listen to idiots who repeat what others has said to them.
lol...like when you call IR and then repeat/post what he told you.
once twice three times if fine but eventually you the idiot fore listening to 7years of nonsense.
someone that continues to listen as in Tom Hands case his bosses or partners,The nonsense and then repeats it too 800 callers for 7years is an idiot especially if nothing has ever once materialized.
again does he never once question his bosses what they spoon feed him?
When 800 callers question Tom Hands he instructs them too sell if they not happy...lol or gets upset with caller.
So I guess he has no bosses but has pyct partners.
Banks Hands tag team strikes again this time stateside with the flushaway story?...lol I must of repeat that 50X
Trum also to think that the Big3 who know of this tech since 2000 have showed absolutely no interest in the once then patented technology.
The CES flushaway story and the pyct story both pump claimed a 50B$$ a year market thingy too sell paper.
pyct has now sold paper with this magical disappearing blahblah story for 7years.
CES since 1999...
meanwhile the 50B$$ tech has been sitting on a shelf collecting dust for 8+ years
lol...I guess the Big 3 are idiots to not see the potential here or with CES since 1999.
Only ones seeing potential are the pyct promotion always buying paper clowns on BB's
Also, the pps should have at least reached .0002 after all these years. It's either .0002 or bust, that's the way I see it. At least flippers could come in and stir things up a bit. It's pretty bad when not even flippers are ignoring it.
Very good Jerry you learning you starting to see the light!!
The Shakerzzz promojob was to bring in flippers
cost 10K for 3day promojob that went nowhere.
pyct or someone paid 10K to shakerzzz to promote pyct 1st big production news 3years ago
it did squat
shakerzzz has a few BB's on Ihub where he promojobs companies
at a cost
dcjr and andy already promojobbed since 2008 on all BB's on Ihub
pyct is an old tired hypejob
maybe some luck pumping on Stockfolk now?? but 6months and also squat
people aren't that stupid...lol not pigeons
stop getting BSed by Tom Hands that he is helpless in this situation.
He is on the promojob team, he is a stock promoter
His job is to sell you paper sell you the dream.
Does he not ask his bosses question?
Does he not question what he is told too repeat too shareholders who call?
Is he an idiot for repeating same nonsense for 10years?
IF they really had the 50Billion market thingy they would not need you too buy paper to make it work.
The big boys the big players would of scooped up this tech 8years ago when CES was having $$ problems before they went bust.
It was a good story in Canada its a good selling paper story in the USA...look how many people got brainwashed with the story.
round and round for 7years on the merrygoround pigeon express.
From: mortalmyth 11/2/2012 2:30:22 PM
of 40
UPDATE OF PYCT ISSUED SHARE COUNT
Paychest has issued over 20,000,000,000 shares since the beginning of 2004 (or about 265% added dilution). As such, it's no wonder the share price plummeted and has resulted in an on-going No-Bid. Of course, Paychest not selling any products has helped greatly in continuing this malaise.
Per Paychest financials:
Issued & Outstanding on December 31, 2003 = 7,600,000,000 shares
Issued & Outstanding on March 31, 2012: === 27,785,264,936 shares
Since the TA is gagged. and since the DTC "Chill" was caused by insider conversions of preferred shares (per the company statement in 2Q2012 report), it is not currently known if the O/S and A/S has increased further since March. The upcoming 3Q2012 report may or may not reflect an increase as the legal DTC "Chill" issue is still trying to be resolved by Paychest.
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From: mortalmyth 11/2/2012 2:45:45 PM
of 40
Latest B.C. Cease Trade Order Status on PYCT
Here is the website to use to access the official CTO list. Note: the list updates daily to remain current.
See page 71 in linked list below.
bcsc.bc.ca
BTW, there is paperwork required to be formally submitted by Paychest prior to the START of the one year clock. As it has now been over 14 months since the CTO began, someone that may be interested might want to drop a line and ask Tom Hands (Paychest IR) if the company ever got around to filling out and filing the required forms. Without completing the proper paperwork the CTO will not be lifted, no matter how much time goes by. It could be that Paychest doesn't think that it's worth the effort to obtain Canadian shareholders? Who knows what's really going on behind the curtain at the company.
Good day to all.
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From: mortalmyth 11/3/2012 12:23:47 PM
of 40
Mibus Inc. (World-Wide Sales for Paychest) Status
Here is the website to use to obtain the latest status for Mibus Inc. The company continues to be in DEFAULT even though Paychest is supposedly in product production since last November and is trying to find distributors and make sales.
nvsos.gov
------
MIBUS INCORPORATED
Business Entity Information
Status: Default
File Date: 12/5/2011
Type: Domestic Corporation
Entity Number: E0649822011-8
Qualifying State: NV
List of Officers Due: 1/31/2012
Officers Include Inactive Officers
No officers found for this company
-------
Why is Paychest letting this company remain in default? Is Paychest really trying to sell product or, as some posters say, are they just clowning shareholders around? This is somewhat puzzling, just like recently spending their limited funds on penny stock promoters (such as shakerzandmoverz), instead of any product marketing efforts such as trade shows, conferences, magazines, etc. This just doesn't make much sense to me.
So, just what's really going on? It's like Patrick Hornung, semi-busy real estate agent, never heard from in connection with Paychest, doesn't want his name on it and nobody is willing to pay the fees due (which are now up to $500 and will continue to rise). Interesting of note is that this company didn't even exist on paper until 3 days before the Paychest PR. Since the PR was issued nothing has been done. Sure looks like some clowning around to me.
------
PayChest: Hornung (25 Year Senior Sales Executive) Running North American Sales & Marketing
HONG KONG--(Marketwire - Dec 8, 2011) - PayChest Inc. (PINKSHEETS: PYCT) (the "Company") is pleased to announce the appointment of Mibus Inc. and its President, Mr. Patrick V. Hornung as the exclusive North American Sales & Marketing Agent for PayChest's Flushaway® technology sales and marketing management. Mibus Inc. is a private company incorporated solely for carrying out the sales/marketing agency role.
Patrick V. Hornung is a sales and marketing expert, with a 25 year track record, in achieving high sales growth of fast moving consumer goods. He is well versed in the needs of the retail sector and has proven, FMCG and senior sales & brand management experience in organisations such as Nabisco, Sepps Gourmet Foods, and direct experience of selling & marketing feminine sanitary products at Kimberly-Clark in Peru.
Under the direction of Patrick, Mibus Inc. has the discretion to engage other distributors, agents, PR companies etc., as it sees fit, to achieve the target North American sales growth, market penetration and profitability that has been reviewed, discussed, and agreed with PayChest.
Over recent weeks Patrick has guided and directed improvements in product branding, packaging and pricing. These improvements have already made the product more attractive for retailers and consumers and will be published later.
As planned and previously announced, Tobie Oliver is undertaking more sales and marketing activities and will work closely with Patrick.
-------
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From: mortalmyth 11/3/2012 12:37:21 PM
of 40
List of Questions Submitted to Paychest on 6/15/12
Below is the list of 21 questions submitted to Tom Hands (Paychest IR) back on 6/15/12. Except for questions #3 and #19, which are obviously in-work with the current efforts to resolve the on-going legal DTC "Chill" (as indicated in the 2Q2012 report), no other status/responses to questions have been offered by the company. Maybe if any shareholders here would like to obtain this information about their investment in PYCT, they could resubmit this list and add any of their own additional questions so that maybe the company would see that many people have the same questions and concerns about the company. This then may give Paychest management the impetus and make it a priority to provide some kind status and answers to the investing public. Just a thought.
Background: I've made an attempt to crisp up my previously posted board questions from the late May and early June timeframe. I've also included other questions that were either directly taken from posts by other posters, or questions I derived from various other poster comments. Note that I may have missed some posted questions so please don't take offense or think that I'm trying to intentionally hide anything. This was the best I could do for the limited time I've allocated for this effort.
1) When is the company planning on conducting its annual shareholder meeting, so as to enable completion and vote on the Articles of Incorporation By-Laws update?
2) Missing documentation and independent financial data audit:
a) What is the latest status in obtaining the various missing supporting documentation understood to be in Mr. Pillay's possession (e.g., book value of equipment, equity investments and the unrealized loss for prior years) as was identified on pages 5 & 24 of the 2011 Annual Report?
b) And, along these lines, who has been tasked to run this to important issue to closure?
c) Also important and related to this, when does the company expect to have an independent financial audit completed?
3) Has the company made any attempts, or is it and/or the Transfer Agent currently engaged in trying to help resolve the stock buying halts recently initiated by TDAmeritrade, DISNAT, Zecco and possibly others?
4) When should investors expect to see the latest Mibella products and packaging info on the company website (the website currently states "Mibella packaging options available shortly.)"?
5) Does the company intend to advertise their products in any magazines, journals, trade shows and/or conventions? If so, when should investors expect to see such advertising campaign initiated?
6) As Women show to be VERY brand loyal to these types of personal products, can the company comment on its plans and what specific marketing measures will be pursued to try and convince women to change from their current name brands?
7) Does Xinpro Manufacturing of China only produce film for their work share in product production, or are they also responsible to produce the end product(s) and/or its packaging?
8) What is the basic quality control process being implemented by Xinpro Manufacturing, Paychest employees, and/or any independent 3rd party assessor, that checks to ensure that products as produced and shipped are safe for consumer use?
9) Where exactly is XINPRO Manufacturing of China located, as shareholders have been unable to verify the existence of this business in the Shanghai area (as was previously identified in a company PR)?
10) How does a potential retailer or distributor go about contacting the PYCT Worldwide Sales Force?
11) Now that the company has registered the Mibella product name with the FDA, will it also be registering the product? If so, when is this expected to be completed?
12) For the David Shaw contract, how many end product items (e.g., number of pads and/or liners will be packaged and shipped in each single container)?
13) For any regions or countries not within the Marketing Rights agreements, would the company consider selling Mibella products via the company website and/or from Amazon, Ebay or other similar E-Store?
14) Patent and Technology License:
a) Does the company intend to submit an application for an item, process, and/or product patent for the Mibella product(s) now in production since last November?
b) Related to this, how long is the company planning to continue licensing the Flushaway name and technology?
c) Lastly, why is the note for the "Flushaway" technology agreement renewal, planned for next month (July), being tied to common share conversions instead of just a higher royalty fee, so that shareholders don't realize more massive share dilutions?
15) At what point would the company foresee the start of the research and development for follow-on products such as diapers and wipes?
16) From Page 7 of the 2011 Annual Report, it states "The company has no full time employees." When does the company plan to add some full time staff into the mix and what capacility will they serve (e.g., management, marketing, sales and accounting, etc.)?
17) If a Webcast is conducted will it be posted on the Company website?
18) Referring to page 7 of the 2011 Annual Report is states "Product samples have been manufactured and distributed and with ... ". Who were the recipients of the products (e.g., retailers, potential investors, existing registered shareholders)? Would the company now be willing the to ship a product sample if requested by an individual (similar to what Gillette did for their Mach 3 Razor promotion)?
19) Does the Transfer Agent require more funds (cash and/or stock) before they will process and retire the 100,000,000 shares bought in the open market by the company in February 2012? If this is not the cause of delay, what specifically is the hold up and when is the stock retirement process expected to be completed?
20) Was the Hong Kong location for Rich Capital International Enterprise Ltd., as identified on Page 21 of the 2011 Annual Report, made in error, as investors have been unable to verify the existence of such a business at that location? Also, do you know a John Banks from any of Paychest's business dealings to date?
21) Can the company comment on if it has knowledge or any documented proof of an alleged, currently existing, naked short situation in the stock?
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From: mortalmyth 11/4/2012 11:39:27 PM
of 40
Distributor David Shaw & Company is MIA ...
The effort to verify the Paychest PR regarding the P.O agreement and distributor David Shaw & Company has hit a dead end (it is Missing In Action). Pursuit in verifying the existence of David Shaw & Company appears to be something akin to the "Where's Waldo?" game. If anyone has other leads or contact information pertaining the distributor company identified in the subject PR so they can be verified, please feel free to share it and this post will then become obsolete.
a) The Paychest PR:
marketwire.com
APR 16,2012==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.
...
b) The quest to verify the existence of David Shaw & Company:
A concern exists on the inability of investors to verify statements made within the Paychest PR regarding a product distributor called David Shaw & Company of the UK.
Some investors have expended time and effort in trying to verify the actual existence of a product distributor business identified as David Shaw & Company of the UK (per the company PR). Three potential candidate businesses were identified, with only one having contact information listed (but which was indicated to not have done any real business in years). This identified information is depicted in item c below. Attempts made by me to contact this business through the listed e-mail were unsuccessful. Other posters indicated they tried the listed phone number and it was not in service. As of today no further additional clarification been disclosed to the public by Paychest. Because of this lack of being able to verify the existence of the company, there is some concern about the subject press release.
c) The resulting leads identified for a potential business called David Shaw & Company:
davidshaw.biz
whois.domaintools.com
Billing Contact ID: TUKABDBEHK895E72
Billing Contact Name: David Shaw
Billing Contact Organization: David Shaw and co
Billing Contact Address1: 36 Stoneyfields Lane
Billing Contact City: Edgware
Billing Contact State/Province: Middlesex
Billing Contact Postal Code: HA89SL
Billing Contact Country: UNITED KINGDOM
Billing Contact Country Code: GB
Billing Contact Phone Number: +44.02089598308
Billing Contact Email: davidshaw83@onetel.net.uk
Once again, if anyone has other leads or contact information pertaining the distributor company identified in the subject PR so they can be verified, please feel free to share it and this post will then become obsolete.
Good day to all.
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From: mortalmyth 11/5/2012 12:05:55 AM
of 40
Paychest States DTC "Chill" Due to Broker Stock Sales ...
Reference from page 6 of the 2Q2012 report: "The Company has been delayed in pursuing this due to a small core team that has been addressing a temporary 'chill' imposed by the Depository Trust Company and the extended absence of the President, for personal reasons. As far as the Company can tell, the temporary chill was triggered as a result of an increase in issued and outstanding shares, caused by preferred shareholders converting."
I'll bet a couple of posters are feeling pretty silly right about now due to this revelation that the "Chill" was instigated by the real DTCC (and wasn't some internal brokerage office/department as some were incorrectly stating), and that it has to do with preferred shares being converted by insiders (financiers), and not some make believe naked shorts in PYCT. I do give credit to the company for finally looking into this topic after a question about it was submitted to Tom Hands (Paychest IR) on 6/15/12. What it will take to wrap up the resolution and when this may occur is currently anyone's guess. It is hoped that once that occurs Paychest will openly disclose what transpired and issue a PR.
Anyway, good day to all.
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From: mortalmyth 11/5/2012 2:25:39 AM
of 40
Point - Counterpoint on Paychest Activities and Progress
Many interesting points and statements have been made regarding Paychest over the past few months. Most points are worthy of consideration and potential further discussion. Resulting comments and questions were generated to bring to light counterpoints and clarifications.
Statement: PYCT is short
Comment: Agreed, Paychest is "short" of providing verifiable details in most of their PRs, they're "short" of actual product sales, and were "short" for several months of having an active CEO present to work off issues and move the business forward. The one thing Paychest isn't short of is common shares at ~28 billion.
Statement: PYCT has something of great value to protect.
Comment: This assertion is unclear. The company doesn't retain knowledge capital (i.e., no product or process patents granted to Paychest), has no real estate assets (i.e., no office building, and no factory or production machinery as Xinpro owns those - if it even exists), and New management (according to the financials) has continuing concerns over missing documentation regarding the book value of misc. equipment, equity investments and the unrealized loss for prior years. It could be that if someone stretches the idea, the shareholder base could be considered to be of "great value" as Paychest has previously indicated each new shareholder is worth a $300-$500 investment.
Statement: PYCT dealt with 2 fraudulent lawsuits from the shorts
Comment: If the lawsuits were indeed fraudulent as indicate, then why did Paychest settle and pay out? Doing so is a breach of fiduciary responsibility and the company and its officers then would be liable to shareholders for legal action.
Statement: PYCT spent about $35,000 buying back shares
Comment: Yes, Paychest announced and has claimed to implement a 300 million share buyback, while at the same time proceeding to convert preferred shares and issue billions more common shares into the O/S. The DTCC no doubt found this quite "chilling" reading in the 2011 Annual Report and had some pointed questions on just what all was going on. Hopefully, these questions will be cleared up shortly.
Statement: PYCT has spent tens of thousands on market awareness
Comment: It's entertaining to see the term "market awareness" associated with penny stock promotions. Most companies use this term with assessing/obtaining market share and consumer acceptance for their marketed products and services. Regardless of how the term is used, it's enlightening to see Paychest use so much of their time and limited funds on stock promotions while spending nothing on marketing efforts of their feminine products. This doesn't make much sense to many people.
Statement: PYCT has spent over $100,000 on setting up the dividend
Comment: This is undisclosed news and is quite interesting. As nothing to support this large amount of expense in Paychest's financials or issued PRs has been identified, it is requested that the source be identified or a link provided. It is curious though that if the company spent all that alleged money on setting up for the dividend, then why would they allow Paychest (Oregon) to go into DISSOLUTION (NOTICE LATE ANNUAL on 05-11-2012 and ADMINISTRATIVE DISSOLUTION on 07-06-2012). This situation doesn't seem to make any sense.
egov.sos.state.or.us
Statement: PYCT has spent money on 2 (perhaps 3) DTCC share audits
Comment: This is good to see and quite warranted to keep their books clean and try and stay on top of share counts attributable to changing shareholders and the preferred share/notes payable conversions. An example benefit from doing these kind of audits was identified on page 26 of the 2011 Annual Report - "In June 2011 the Company completed a stock certificate audit with the Depository Trust Company. The audit identified an increase in the number of shares to be reported and an adjustment increase was made of 124,014,285 common shares, although no new shares were issued."
Statement: Can't find one company in the trips that has NEVER sold paper nor one that has gone this many years without selling any paper. So far as preff shares sold, the buyers of these shares must see a value in the company or they are out of luck ....PYCT has immense value and those buying preff shares know this from the NDA they signed.
Comment: Evidently the buyers of the preferred shares do see some value as Paychest is now even entering into toxic finance arrangements that enable preferreds to be converted at a discount to the current market value. This means instant significant profit IF they can actually get the shares sold into the general market. For those not offered a discount, if preferred shareholders see such a value in the Paychest then why are they converting their preferreds into commons as soon as the waiting periods are over, and by doing so effectively eliminating their priority status in case of company liquidation? By doing these conversions as soon as they are allowed, the financiers are, at a minimum, giving the impression that they are already or intend to sell their newly issued common shares as each new buyer steps forward. However, as has been demonstrated over the past several months, even with having some 6000+ existing PYCT shareholders and various stock promotions funded by either the company or 3rd parties, the financiers are/will have trouble in selling shares of any appreciable quantity. As such, no doubt this situation is of great concern for them.
Good day to all.
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From: mortalmyth 11/5/2012 2:28:22 AM
of 40
More Point - Counterpoint on Paychest Activities and Progress
Some more interesting points and statements that recently have been made regarding Paychest. Most are worthy of consideration and potential further discussion. Resulting comments and questions were generated to bring to light counterpoints and clarifications.
Statement: Not once has the company "pumped" the stock, in fact they seem as if they could care less if we buy or sell their stock, these people are focused ONLY on building and growing a business to generate revenue, retail market exposure, and going global with sales.
Comment: Paychest has obviously tried to "promote", or "pump" if you prefer, the stock with issuing many PRs (most having little which could be independently verified or have come to pass as being true) and by paying promotions sites such as moverzandshakerz who e-mail bombed thousands of penny investors. If that isn't promoting to try and acquire more interest in buying PYCT shares, then what is?
Statement: The Shakerz promotion was a trap to test the market makers and they PASSED WITH FLYING COLORS!!!!! The owners wanted to test the headwinds and got their wishes!!
Comment: If the company's true reason for spending the $10K was just to try and further trap an alleged naked shorter, then I'd have to say they breached their fiduciary responsibility to shareholders. They should be spending their limited time and funding on producing and marketing products to INCREASE SHAREHOLDER VALUE, and NOT on looking for more ghosts.
Statement: Flushaway products, installed the machine tested it, tweaked it, thinned out the film for higher profit margins, and has been up and running at 100% capacity since production start minus the holidays. Prior news indicated this was the first in a series of machines to be built.(subtle words overlooked by many)
Comment: The first in a series of FILM machines, as many would be required to meet any type of appreciable production run rate. Nowhere can any company published documentation be found that Xinpro will have, or is intended to have, other types of machines necessary to produce the pad and liner end products or perform packaging operations. If someone can state this as not the case then please provide a source or link.
Statement: What did Paychest show the people that own Xinpro that enticed them to lay out millions of dollars for over a year with ZERO payday ?? It seems logical Paychest already had at least one HUGE contract, purchase order/agreement with some heavy hitter and proved that to Xinpro. Xinpro most likely said OK, but we get the rights to manufacture all Flushaway/Mibella products and all future products that spring from the patents.
Comment: The assertion of some HUGE contract being used to motivate Xinpro is unfounded and NOT logical. It's much more logical to assume that Paychest promised Xinpro a significant portion of the revenue stream as Xinpro is taking all the risk and spending all the money to get the factory up and running, labor, utilities, etc. (and even more of the money if it's assumed Xinpro is producing the end products and doing the packaging). Also important, is if Paychest already had a HUGE contract when this post was made, then why aren't they sharing the good news with the shareholders and investing public to help support the share price? Doing so would be a detriment to shareholders and therefore makes little sense.
Good day to all.
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To: xinpro who wrote (22) 11/12/2012 10:57:13 PM
From: mortalmyth
of 40
Well, it has been 11 months now and the only thing I see is many issued Paychest PRs that had little to no verifiable information and a persistent NO-BID PYCT share price. Oh, that and the on-going CTO in BC Canada and the imposed DTC Chill. Was there something else that you thought would happen by now?
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From: mortalmyth 11/12/2012 11:05:56 PM
of 40
Paychest insiders are thinking big, at least some of them.
The benefactor(s) at Rich Capital (who is that again?) now must be salivating at the thought of soon converting their preferreds into billions of commons at a huge DISCOUNT to the market price. Now there's no denying that IS thinking BIG!
As indicated on page 21 from 2011 Annual Report, Rich Capital evidently has the distinct privilege to "On or after September 1, 2012 the recipient can convert payments due into common shares at 75% of the market price at that time." Note: it must be nice to have that kind of clout with Paychest to demand and receive such favorable terms, eh? Real fair to shareholders who once again are getting ready to take it on the chin.
Anyway, another day in the life of Paychest.
Share
Why should anyone get excited about a video.
Here you have a video of tech since 2008
http://www.flushaway.com/technology.html
and on CES website since 2004
so no biggy this video just more pigeonation at work to get buyers of the paper.
and so far no bites..
Story is old
Seems Folks over on Stockfolks buying PYCT because of that video and because of recent Paychest press releases.
The folks claiming to be buying are the same who have been claiming to be buying the last 6years.
They claim to have 50M each and always buying more.
The video is a nice promotion promojob item to get one to buy more 0001 paper.
The stockfolk crowd is doing a memorable job trying to sell pyct paper,pigeons are hard to come by.
Proof no interest
the last interest volume buying was IR promojob of production news coming....lol how many still waiting for follow up promised news?
Sure many newbies feel had...lol
pyct IR sure knows how too work that new pigeon crowd
The are pros
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=111636007
Well there is only 1BB left actively hyping people to buy this 0001 paper.
Why they all got barred from posting/hyping/promojobbing/pumping here is no mystery.
7years and people are out lots of money following those posters.
pyct should be investigated if they are behind them posters pumpjob of pyct paper.
pyct should after 7 years put out something that can be verified as fact
It would help with some credibility and backup some claims they make and have made.
or retract some info in some PR's
Previous Post New Message This Board Entire Site Post # Next >>
AndyBadger #2082 06/12/2015 @ 05:39:46 PM
PYCT is going do far past .02 some here may get
AndyBadger #2081 06/12/2015 @ 05:33:30 PM
No credibility comes to mind...he also only claims to sell
sympathy4dadevil #2080 06/12/2015 @ 05:16:10 PM
MMs Naked Shorts time to JUMP is coming soon I hope
sympathy4dadevil #2079 06/12/2015 @ 05:11:28 PM
That poster Bad mouths SF's then comes here like were are
AndyBadger #2078 06/12/2015 @ 05:03:40 PM
Youtube video for the pretenders, I like the guy who has
AndyBadger #2077 06/12/2015 @ 04:50:16 PM
Something good must be on deck, NEW MM today, that's never
Thumper #2076 06/12/2015 @ 03:46:55 PM
Time to go back worrying about PYCT. Last PR November 2014.
sympathy4dadevil #2075 06/12/2015 @ 01:25:30 PM
Yup Youtube filters out bad views. I saw it go down
playingthegame #2074 06/12/2015 @ 01:00:58 PM
something not right with the video count number i post last
playingthegame #2073 06/12/2015 @ 12:05:36 AM
Message with image/link
AndyBadger #2072 06/11/2015 @ 10:31:25 PM
Mibella video is now stuck at 35,833 views....like I said ,
AndyBadger #2071 06/11/2015 @ 10:28:44 PM
COMING SOON •Mibella Pantyliners - flushable and biodegradable. For young women especially
DANFORTH #2070 06/11/2015 @ 08:46:24 AM
PTG, you posted here regarding your buy at 12:14:10 PM; the
Jacerjulian #2069 06/10/2015 @ 12:52:15 PM
Congrats. Keep on buying You must have a lot more
playingthegame #2068 06/10/2015 @ 12:14:10 PM
Just placed 5,000,000 buy order
lol...Lemon please compare apples to apples!!
TASR is not pyct
TASR was not a mystery, everything TASR put in writing and or stated could be verified as fact.
pyct is making u all look like buffoons.
I haven't been following since 1999 I have just gone back to see/read investigated what has been happening since 1999.
There is a difference...lol
And I have pointed out that a history of clowns at work.
And yes I sure everyone has a stock that has done very well
and many that had paper go south.
I have much experience with that scamCouver crowd...lol
I retired longago thanks to stocks that have done very well.
That's right Lemon and you have been to a few pigeon dances before this flushaway pigeon story.
In 2006 the pigeon dance was the paypal takeover thingy...2008 to 2015 its the feminine napkin to the diaper thingy.
You need a good story to sell paper and in this case story is good
been at it since 1999
We certainly need some well written, factual, press releases about the goings on at Paychest very soon.
We need to hang in and wait! The market is there. If Paychest has the tools and management to attract customers, it will be great for all who buy and hold! Buy and hold!
Only time will tell if PYCT and it's management team can successfully establish a user following as Paypal did. Paypal stock was around $13.00 a share when EBAY bought them out. It took around three years (1999 to 2002) to get EBAY interested in Paypal
Whatever happened to those wealthy Chinese guys who were supposedly paying for everything?
Yah some funny monkey wealthy Chinese guys putting up money to deliver a diaper to the world
with an IR selling that 0001 clown paper buyers story would retire with before on diaper is sold.
Yup retire even before them funny monkey Chinese people.
A I have to say is that if pyct and CES before them really had the 50Billion$ a year goodies as they both claim and claimed, they won't need a clown IR begging people to buy 0001 paper for 7years.
Already 7 years in USA selling the flushaway story...lol and 6years before in Canada on the TSX selling the same story the same old sad old story of this magical disappearing stuff.
If this stuff had any value the majors would of come knocking 10 years ago...instead they came flew stateside looking for pigeons again
Nice story that sells paper...proven story that sells paper
5% of 50Billion a year easy...lol tooo funny
they been saying that since 1999
yup..Nice story that sells paper...proven pigeon story that sells paper
http://www.siliconinvestor.com/readmsg.aspx?msgid=7558712
http://www.siliconinvestor.com/readmsgs.aspx?subjectid=24257&msgnum=40&batchsize=10&batchtype=Previous
Hey adanac you still searching for the patents.
pyct keeps stating in PRs and IR chats about patent.
3years and where the patents or application of patent?
Or this another clownjob
Hey Adanac whats happenning with the patent?
poopscooper Tuesday, 01/03/12 10:02:22 AM
Re: A deleted message
Post # of 114179
Hey Adanac whats happenning with the patent?
Don't get clowned around and get some serious answers to whats patent they using...
The deal was 5m for rights to use CES patent...but it lapsed..for failure to pay maintenance fees
Check it out its all verifiable just like the trademark info I posted...
Consolidated Ecoprogress has received confirmation that a patent for Canada has been granted for a 'flushable water absorbent composite' patent number 2212445
http://investorshub.advfn.com/Boards/read_msg.aspx?message_id=69876069
Question is what they using now and after 10 months still no application to be found anywhere...IF THEY REALLY APPLIED IT SHOULD BE SOMEWHERE FINDABLE just like trademark info that i found for all you shareholders
http://ih.advfn.com/p.php?pid=nmona&article=46702104
Patents and a new patent application (patent pending) that protect the intellectual property of Flushaway® and the film are based on those licensed to the Company. A number of patents and patents pending are used in the production of the Flushaway® brand of pads and liners. One patent that was pending had appeared on the WIPO web site (World Intellectual Property Organization) was recently discontinued by the licensor in favor of a superior design solution resulting in a new patent application.
In anticipation of upcoming commercial production, .the company has recently expanded its sales force activities worldwide as sales representatives have met with potential distributors, retailers and wholesalers in Europe, China and, in particular, North America. Strong interest has been expressed in the Flushaway® brand of products.
Make sure you could bring this g-diaper up for discussion on the stockfolf BB today.
This g-diaper been around and for sale longtime.
Also seem like pyct video the person could use a stick instead of his hand to swish material in toilet.
lol....careful the pigeon soup is hot...
http://www.inhabitots.com/gdiapers-we-review-the-planets-first-flushable-diaper/
1. When you toss the flushable insert into the toilet, you need to help break it up and dissolve it in your toilet with a little plastic stick that you swish around the toilet bowl. This may sound like a pain, but don’t be alarmed. Yes, this means that a gDiaper change takes about 1 minute longer than a disposable diaper change, but I find it sort of amazing and enthralling to watch how the insert dissolves so quickly in water (it’s made from tree cellulose).
Jerry again that pyct video like this flushable diaper video is old.
Pyct will have to include a stick to swish diaper before flushing like G-Diaper.
Careful of the on going clownJob on StockFolk BB
Seems like they working overtime on the sale of pyct paper.
Sure Tom Hands and John Banks read and post on all BB's that discuss pyct...IMO
You also have Andy Bagder who probably also works for pyct selling paper he has been promoting one buy the pyct paper on all BB that ever discussed or still discusses pyct.
You could also add DCJR to that list
They are now currently working a BB where one can't express anything negative about pyct...lol
They must figure that people will buy 0001 paper now..
They must really think people are clowns and or clowns with their money.
Everyone involved with pyct is really STILL trying hard to get people to buy 0001 paper before its too late...lol STILL
For investors who now hold PYCT, this looks
like siginifcant step forward for the company.
For those who don’t yet hold the stock, there’s
still time to get on board. But don’t wait too
long. As the company begins to capitalize on
the market opportunity at hand and moves the
brand forward, and the Flushaway™ story gets
out, PYCT share prices will likely start to tick
up. .
There are warnings for this type of promojob...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114212766
Buddy after 7-8 years of listening, reading about this 80Billion short, the MOAS and the .05 within hours blahblah
I'm sure many checked this NSS with FINRA and or other professionals ...there is absolutely no reason to listen to anyone here or on any other BB on this subject.
Andy and DCJR are on the 7th year of spewing this nonsense on as many BB's as they could find discussing pyct.
They must be selling 0001 paper too constantly be hyping promojobing pyct paper or they could actually be the shorters if there really really is someone clown enough to short 0001 paper.
jlwcat1 Tuesday, 06/02/15 10:16:41 PM
Re: Brad S post# 114138
Post # of 114146
This individual you reference has in the past stated some questionable and possible misleading statements about NSS. I'm sure you also don't have any credentials on him. There are a lot of misleading statements floating around about Paychest and how the trading system is run, especially coming from those who own no shares and been here for years.
Adanac post of # and trades mean absolute squat!
He been posting them trades for 5 years and has been told many times they are just trades of what happened that day.
He has no clue who what where why
They are trades, history non factor
Do what many have done years ago call FINRA, broker or a lawyer and get up too speed.
Stop getting pigeonated!
Totally meaningless to anyone who understands them. Perhaps you should give FINRA a call and find out exactly what those numbers mean.
Take Brads advice and call today...lol
Brad S Member Level Tuesday, 06/02/15 08:50:36 PM
Re: jlwcat1 post# 114134
Post # of 114144
You mean the short sales? Totally meaningless to anyone who understands them. Perhaps you should give FINRA a call and find out exactly what those numbers mean. HINT: The don't mean short interest taken in the stock.
Sorry but that is old news, non-dilutive blahblah along with Production soon is just more pigeon soup.
Discussions are underway for debt financing (non-dilutive), purchase order and accounts receivable financing and lines of credit (all non dilutive).
uknowimright Saturday, 05/24/08 10:36:04 AM
Re: poopscooper post# 35997
Post # of 113920
Here's the whole thing. I'm sure others have got the same email.
Paychest Inc. does have some of the rights to sell the product in the US, but not all. Consolidated Ecoprogress had set up 2 distributors and one broker to sell the product to a limited number of retail locations. The rights to sell the product into Wal-Mart and K-Mart and a few others will remain with Consolidated Ecoprogress. Paychest will have the rights to sell to most other retail chains and stores in the US. Due to the number of questions about this, a news release outlining the rights that Paychest has in the US will be released early next week.
The product is presently sold in a few dollar stores as production had stopped about a year ago to redesign the product and to make a more consistently performing product. In addition, the margins were extremely thin and the change makes for higher margins and thereby a more sustainable product for the long term. The margins are critical for the long term success of the product. Production will resume shortly.
The shares outstanding are 19.85 billion and the authorized capital is 25 billion. There are no plans in the foreseeable future to raise the authorized capital. However, at a much higher market capitalization, it is possible a private placement may be done to further the business model. In the near term, insiders will finance the first $1,000,000 or more. Discussions are underway for debt financing (non-dilutive), purchase order and accounts receivable financing and lines of credit (all non dilutive).
The TA is a separate company. Their number has been listed and people that call and leave a message are called back. If they don't leave a message they won't get called back. In any business, if a person does not leave their number and name, they won't get called back. If it is important enough for me make a call, I always leave my name and number.
Tom Hands
Paychest IR