MODiFYiNG LiFE
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Again, you are referring to Licensing Fees, there were no new Licensees in Q2.
Licensing fees & Transaction fees are two different revenue sources.
A single licensing fee alone brings in about $200k per sign up then going forward MyECheck gets 1% of transactions processed.
Get enough customers so the transactions processed equals $1B/QTR then you'll have a steady revenue of $10M/QTR.
$182,000 in Revs means MyECheck processed a min of $18M in transactions. Assuming all $182K derived from transaction fees of 1% of amount processed.
This is a TRILLION DOLLAR MARKET & we are just getting started.
MYEC
Hope Ed is buying back at these levels with some of that Mill in cash.
MYEC
By the time AGM rolls around we will be looking back at this week thankful for all these .01's we had the opportunity to pick up again.
NEWS 8/15/2014
MyEcheck to Hold Annual General Meeting on Oct. 11 in South Lake Tahoe
Aug 15, 2014 (ACCESSWIRE via COMTEX) -- FOLSOM, CA, United States / ACCESSWIRE / Aug 15, 2014 / MyEcheck, Inc. (OTC PK: MYEC), the leader in electronic check technology for mobile payments, announced that it's Annual General Meeting ("AGM") will be held at 10:00 AM on October 11, 2014 at Harrah's Lake Tahoe in Stateline, NV.
During the AGM, the CEO and management will report on the state of the business, the financial performance, and the direction of the Company. Shareholders will elect theBoard of Directors and vote on budgetary and business affairs of MyEcheck, Inc.
The Company invites all interested stakeholders to attend the MyEcheck 2014 AGM in beautiful Lake Tahoe. Management will host several events providing opportunities to meet and spend time with each MyECheck team member, and to learn more about the Company in a casual and fun environment.
The Company has reserved a block of rooms, including lake view rooms at a special group rate for MyEcheck stakeholders at Harrah's Lake Tahoe http://www.harrahslaketahoe.com/ (877-242-7724, group code MyEcheck) where the AGM will be held, and another block of rooms at group rates is reserved at the MontbleuResort Casino and Spa http://www.montbleuresort.com/ (800-648-3353, group code STMYECK).
Attendees are invited to a cocktail reception hosted by MyEcheck in the Sand Harbor Ballroom at Harrah's from 7 PM to 9 PM on Friday October 10.
The MyEcheck Annual General Meeting will be held in the Sand Harbor Ballroom at 10 AM on Saturday, October 11. After the AGM on Saturday October 11, and on Sunday October 12, there are group activities planned, such as golf at Edgewood, Heavenly gondola and zipline rides, and other activities with MyEcheck executives.
Please visit www.myecheck.com/agm for more information, to RSVP and for links to hotel reservations.
Shareholders that cannot attend the AGM will be able to vote via proxy and the AGM will be streamed live at www.myecheck.com/agm.
About MyEcheck: MyEcheck Inc. is a leading electronic payment technology developer and payment services provider. MyEcheck operates under license to US Patent 7,389,913, "Method and Apparatus for Online Check Processing" granted June 2008. The new patented payment method is the fastest, most secure and most cost effective method of processing payments in the US, and it works with the most people, businesses and entities. MyEcheck provides comprehensive payment systems for all payment applications including mobile payments and the industry's most advanced security and fraud control technologies. MyEcheck customers include corporations, retailers, governments, payment processors and financial institutions.
Please visit: http://www.myecheck.com/
Forward-looking statements in this release are made pursuant to "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in reports filed with the SEC.
Contact:
Investor Relations:
ir@myecheck.com
Sales:
Nate Wigle:
info@myecheck.com
Source: MyEcheck, Inc.
http://www.accesswire.com/img.ashx?id=419169
Copyright 2014 ACCESSWIRE
-0-
http://online.wsj.com/article/PR-CO-20140815-907286.html
MYEC
Net Loss $31,023
Accumulated Deficit $35,541,443
Meki Cox' Employment Terminated
GRCU
Finally hit your Suicide Buy price! Right there with you.
We are golden long term though the short cut path we've chosen has been very bloody.
MYEC
They're right here: http://www.otcmarkets.com/stock/MYEC/filings
In fact I think it'd be a crime if VFIN sold under .01 knowing the companies plan to uplist to OTCQB which requires over .01 for 30 days.
If VFIN sells under .01 that would indicate the note holders are against Ed's best interests purposefully manipulating the market to hurt the stock long term not just short term.
MYEC
The SEC will be the 1st eyes upon Audited Fins, I'm not positive that a non SEC reporting company can even post audited financials.
You will just need to believe the CEO when he says there will be no difference in the reported #'s for Q2, technically they are audited & correct but there will be no statement posted that they are audited #'s until the SEC reviews them.
MYEC
Thank you for the 1.5M shares!
Load the boat!!
MYEC
Q2 Results for all OTC are reported Tomorrow.
Sounds like Q2 will be less than 1/2 of Q1 since there were no new licensing fees which are about $200K each. We are not to the point to where transaction fees are going to sustain exponential growth until Q3 & Q4.
I'd be content with $500K in revs according to the info avail.
MYEC
Continued: Ed Starrs: "There's 2.1 in the float assuming all conversion shares have been sold into the market. I think the recent selling is mostly unrelated to the conversion shares."
"I'll look at this issue more closely and put together a statement on the share structure and our plans for the future"
Q: "Will the P2P app run on Check21 rails? (Asking for someone)"
Ed Starrs: "yes"
Q: "Million dollar question .. right here .. Do u plan on registering with Ca to do buisness it comes up forfeit ? We have employees in cali is it necessary to register with them ?"
Ed Starrs: "If we are not registered, it is an oversight and we will immediately tomorrow, but I believe we already are registered"
$MYEC
Ed Starrs FB Response Regarding Audit & SS.
Ed Starrs in response to 300M shares issued Aug 22, 2013.
"Those shares were issued free trading and were most likely sold long ago"
Q: "Do the same rules apply to the 250M shares issued on Nov 15th 2013 for 250M shares & also the 400M shares issued on Feb 14th 2014 for 400M shares, were they also free trading or restricted?
Thank you for helping us clear this up."
Ed Starrs: "Yes they were all issued free trading"
Ed Starrs: "I don't know how the TA derived the float, we have 4.1 billion issued and outstanding, of which about 2 billion are restricted, these are the accurate numbers"
"3,000,000,000 - 255,000,000 - 260,000,000 - - - 3,517,470,000 - 275,000,000
- - - 3,792,470,000
- 350,000,000
- -
- 4,142,470,000
- 300,000,000 - -
- 4,442,470,000 - 250,000,000 - -
- 4,692,470,000 - 25,000,000 - (1,000,000,000) - 400,000,000 - - - 4,117,470,000"
Q: "Can you tell us if the audit is completed?"
Ed Starrs: "It is essentially complete, we will update on the audit and what it means with the Q2 results. There are no significant differences between the audited numbers and what we reported ti the OTC, we booked some revenue in 2013 that is still A/R that may need to be adjusted"
Q: So there's restricted shares in the float?
Ed Stars: "No"
Ed Starrs: "We are planning on changing TAs in the third or forth Q"
Q: Are we ready to move forward with the apps?
Ed Starrs: "We have been ready for over a month"
Q: "If you have been ready for over a month what is the holding up the release?"
Ed Starrs: "A partner's bank, we are replacing the partner with several others and will update shareholders on new launch dates when they are firm."
Question about Forfeited Business License in California:
Ed Starrs: " I'll check with Bruce but I think that is the original Delaware MyECheck that dissolved after the merger with Sekoya Holdings, Sekoya was renamed MyECheck Inc (Nevada) but it is a different entity to the original Myecheck Inc Delaware, I will verify this in the am"
MYEC
Ed Starrs:
"I don't know how the TA derived the float, we have 4.1 billion issued and outstanding, of which about 2 billion are restricted, these are the accurate numbers"
https://m.facebook.com/story.php?story_fbid=291952694322168&id=243292579188180
News 8/12/2014:
TGGI'S Subsidiary, International Green Building Group, Inc., is Awarded a Renovation Contract in Virginia
Aug 12, 2014
OTC Disclosure & News Service
-
TGGI'S Subsidiary, International Green Building Group, Inc., is Awarded a Renovation Contract in Virginia
PR Newswire
CORAL SPRINGS, Fla., Aug. 12, 2014
CORAL SPRINGS, Fla., Aug. 12, 2014 /PRNewswire/ -- Trans Global Group, Inc. (PINKSHEETS: TGGI) International Green Building Group, Inc ("IGBG") a subsidiary of Trans Global Group, Inc. is proud to announce it has been awarded a renovation contract in Chesapeake, Virginia. In July, Commander Alvin L. Cromwell, brought the DAV Chapter 26 board to a vote and International Green Building Group, Inc. was awarded a $29,500.00 dollar Renovation Contract of J. Robert Graham- Disabled American Veterans Chapter 26 Renovation project located in Chesapeake, Virginia.
International Green Building Group, Inc., has already begun renovating a host of areas including but not limited to the Main Room, Tile Floors, Offices/Kitchen Storage rooms, Foyers, bathrooms and painting the Exterior of the Building.
As a Serviced Connected Disabled Veteran Owned and Operated Construction Company, IGBG is honored to continue its service by helping veteran organizations like the DAV modernize their buildings in an attempt to meet the new demands of veterans and their families. IGBG President & CEO Nathan Hall is a Life Member of the Disabled American Veterans and continues his service by being a DAV Chapter Service Officer in Florida.
IGBG has been busy placing bids on several projects and expects to receive positive results over the next few months as the Company grows its presence in Northern VA. IGBG is actively seeking General Contractor partners in several States to collaborate with and bid on projects. Please go to http://www.igbgconstructiongroup.com/ and submit your information to be contacted to discuss subcontracting or joint venture possibilities.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
For additional information about this release please contact;
Christopher J Clarke
chris@transglobalgroupinc.com
954-509-3749
SOURCE Trans Global Group, Inc.
Copyright © 2014 PR Newswire. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
http://www.otcmarkets.com/stock/TGGI/news/TGGI-S-Subsidiary--International-Green-Building-Group--Inc---is-Awarded-a-Renovation-Contract-in-Virginia?id=85960&b=y
Ed Starrs owns 1.694B Shares. 41% of the A/S as Restricted Shares.
Q2 Report should show part of his holdings used as compensation to new hires.
MYEC
Is it acceptable for management to express their opinion of current & future shareprice?
Welcome to the wonderful world of Penny Stocks. Down 30% one minute & Up 15% the next, classic example of shaking the tree of weak hands.
Hope you enjoy those cheapies, scared money makes no money.
MYEC
Good find, unfortunately it looks like TCHH will forever be laid to rest where it is, No Bid.
This explains the difficulty in reaching anyone in this defunct company.
RIP TrustCash
That'd be awesome! Simplifile is available in New Haven, CT.
Sep 23, 2013
"Simplifile Expands E-Recording in Towns of Durham and New Haven, Conn.
The ability to electronically record land documents in the towns of Durham and New Haven, Conn., is now available through e-recording provider Simplifile, improving the recording process for customers and helping the towns go paperless."
http://www.prweb.com/releases/erecordincityofnewhaven/townofdurhamctsimplifile/prweb11153767.htm
Your right it was a good read. Ed mentioned Simplifile contacted MyECheck proposing a new deal with a much higher transaction volume enabling them to lock in a lower rate.
I'm still looking for someone that uses Simplifile to ask them to take screenshots of the checkout process showing MyECheck as a payment option, maybe they added MyECheck as the "Preferred Payment" Option hence the higher volume transactions.
MYEC
Ed stated the apps were completed & ready only pending final bank integration, after official bank integration date is known then a meeting date would then be scheduled, this means Ed has an official completion date from the banks sometime before Oct 11th. My guess is app release is much sooner than we think.
Don't forget Aug 18th-20th MyECheck is attending the tppEXPO'2014 Do you think they will be going empty handed?
MYEC
Thursday August 14th for all OTC Companies
Ours will likely be uploaded to OTC-Markets after hours
Sticky'd for more responses. Thanks for compiling the #'s. We are & have been trading at the low end of the spectrum for sure. We should be trading much higher based on revenue alone then factor in upcoming anticipation of events, I'm content paying to accumulate at .04-.05 per share in the mean time until the next catalyst drops.
$MYEC
Only 4 more trading days till Q2 Fins & 6 trading days till MyECheck attends the tppEXPO'14 (Aug 18th-20th), this is the 1st financial expo that MyECheck has attended after having a fully assembled team, I believe their presence will be well known at this & all future conferences.
http://www.prepaidpressexpo.com/
$MYEC
Much better than Hundreds of Millions of shares issued to Accredited Investors at .0001 :)
For very good reading material I suggest reading through several of the User Submissions so everyone has a better understanding of the benefits & hurdles the payment industry is facing & how MyECheck can fit in to benefit from this migration in the industry.
http://fedpaymentsimprovement.org/user-submissions/
Two good reads from Chase (since we are partnered with them) & PayPal (since they need to license our patent)
Chase:
http://fedpaymentsimprovement.org/wp-content/uploads/Roy_DeCicco-JPMorgan_Chase-121313.pdf
PayPal:
http://fedpaymentsimprovement.org/wp-content/uploads/Jeanette_Blanco-PayPal-122013.pdf
$MYEC
LAMP absorbed about 150K shares while only showing its hidden 10K on the BID, looks like another institution possibly.
LAMP moving his BID UP. Wonder if its a hidden bid.
MYEC
K2 was referring to Sharky's post which quoted the PR from 07/16/2014, he was not referencing the Epicness of the next PR which would then indicate inside information.
GRCU
We could arrange our own shareholder meeting in Florida then invite Clarke, nah, don't think he'd have the cojones to show up, if he does he may get confused as to why we appear to be homosapiens as in his criminal mind he's always thought shareholders were just ATM machines....
TGGI
Want to hear more about the AMG, must be a good surprise on the horizon to be that excited about it. Seems like management has much more insight about the next several weeks & they're not interested in spilling the beans just yet.
We are debt free & the team personally feels we should at least be at $0.20 per share, they are focused solely on our future so grab your pillow case & stuff them with shares & rest on them while the team targets the Trillion Dollar Payments Industry.
$MYEC
I believe the 200M shares were set aside as part of the compensation plan for VP's, Sales, Marketing, New Hires, etc...
The usual, more buying opportunities thanks to VFIN, VNDM, & AYME.
MYEC
Was it an AON bid?
Those usually have a lower priority.
Selling here represents a 17,000% profit for the dilutive MM's.
We need to bring in new $ & new longs to clear them of shares before we attempt an increase in PPS.
We can devour shares from them much more efficiently at <.02 as to >.10
MYEC
We have 3 diluters on the ASK; AYME, VFIN & VNDM but they are never in competition with each other. When 1 of them holds the PPS back the others stay away, if they were different creditors wouldn't they all try to sell in the same area (ask stack or leap frog lowering the ask over each other) rather than trading places each day of the week....
MYEC