MODiFYiNG LiFE
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GRCU
Rule #1: Never invest more than you can afford to lose.
Would highly recommend against securing a loan to purchase more ICBU, wouldn't want anyone owing the bank money over a worthless stock such as this.
Only 9 more trading days till financials! Very interested in our revenue for the 2nd QTR, honestly think it will be half as much as Q1, if somehow we match or surpass Q1 I would be ecstatic meaning we sold more licenses that Ed has decided to not disclose or that licenses sold during Q1 are already in use generating high volume transaction fees.
Much room for surprise, we shall see
MYEC
Still holding .0002's for the long haul.
Waiting for $0.25 - $0.50 in the next several months.
GRCU
Like it!
Glad they purchased a vanity #
Annual Shareholder Meeting Oct 11th
"MyECheck will hold an AGM (Annual General Meeting) Oct. 11 in South Lake Tahoe - details to follow in Press Release"
MyECheck will hold an AGM (Annual General Meeting) Oct. 11 in South Lake Tahoe - details to follow in Press Release
— MyECheck (@MyECheck) August 1, 2014
3.2M on the bid at .0091
Close back above .01 today!
GRCU
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New Market Maker LAMP
It was the countdown to blastoff :)
GRCU
All the shares in the public float were sold to Accredited Investors at .0001 per share, the more they can sell per day the more they make, even selling at .001 is 1,000% profit for them.
The AI would rather take the guaranteed profit sooner than to hope for a higher shareprice later.
MYEC
Yes I'm well aware that most pinks do wait until the last day/last hour to file their financial reports. We trade/invest based on final numerical content of the statements not based on early/on-time disclosure.
Nevertheless GRCU management has expressed they will file 2 weeks prior to the deadline of Aug 15th, better than many pinks that have dwelled down here for years.
Utopian Definition:
characterized by or aspiring to impracticable perfection.
being complete of its kind and without defect or blemish; "a perfect circle"; "a perfect reproduction"; "perfect happiness"; "perfect manners"; "a perfect specimen"; "a perfect day".
founded upon or involving idealized perfection.
given to impractical schemes of such perfection.
of or relating to a perfect or ideal existence
Excellent or ideal but impracticable; visionary: a utopian scheme for equalizing wealth
Proposing impracticably ideal schemes.
modeled on or aiming for a state in which everything is perfect; idealistic.
idealistic, visionary, romantic, starry-eyed, fanciful, unrealistic, pie-in-the-sky;
MYEC
MyECheck
$MYEC
Ed Starrs
I'm.flattered that.GRCU is.now being.compared.to Google, Microsoft & Amazon.
Thanks for the compliments!
Enjoy your weekend
Probably has to do with the method of paying for prepaid items. Most methods require the use of a credit/debit card to refill the prepaid item, MyECheck would give them an option of using the customers bank account.
Or maybe Ed has a surprise for us that will be unveiled at the EXPO...
The proof will be shown in the next 4 trading days when the financials are released, we will know for sure if any shares have been sold.
From last weeks PR July 16th
"Management is also working on completing Green Cures' quarterly financial report which is due on or before August 14 2014. The company expects to have completed this report prior to the end of July and to upload it to the OTC Markets Website."
According to this we will have them by Thursday
GRCU
What's your suicide-buy price?
Noticed that, we have been cutting in front of VFIN to see how low he's willing to go, seems like he put the brakes on at .0158
If we keep it here or lower for a while I'm sure he will decide its better to sell at .012 then not sell any at .0158.
Kinda makes you wonder if any of those accredited investors work for ACH.
If the could be limited to only selling enough shares to cover the original debt that would be very beneficial.
For example the creditor was given 300M shares at .0001 for a $30K debt, then a year later the companies share price is at .02 & now the shares are worth $6M. Can the creditor sell enough to cover the $30K debt & return the excess shares or is he automatically entitled to become a multi millionaire whilst destroying the share price?
MYEC
Looks like May 13th 2014 was their last 1 year anniversary for 350M shares. Looking at historical prices show May 13th at .05 then by May 20th we had a low of .02, we've traded in the .02-.04 range since.
So by Feb our float will be over 2B
MYEC
So in August we can expect another 300M shares from VFIN, then another 250M in November?
That'd be the creditors 1 year anniversary according to filings.
Makes you Giddy doesn't it!
I know the PPS offsets the giddiness but it will catch up & coincide in harmony once apps are out & we see how easy & cheap it is to send money via smartphone courtesy of Ed's patent.
MYEC
Mobile to Mobile Payment Apps will be avail in Summer 2014 (between now & middle of September)
The Mobile Point of Sale Apps will be avail in Fall 2014 (September to December)
Personal Mobile Payments Download one of the MyEcheck payment apps and pay anyone, anywhere, anytime!
With the MyEcheck app, you can store money and transfer money to others in real time.
Load money onto your account electronically from your checking account, or at a physical cash loading station.
Available in Summer of 2014
Point of Sale for Mobile Payments
MyEcheck’s downloadable Merchant Point of Sale application for mobile payments allows any small business to accept MyEcheck payments from mobile devices and save BIG!
MyEcheck Merchant apps are downloaded and run on Intuit Quickbooks software.
Wireless point of sale using standard computer hardware and connections.
Transaction data is securely exchanged through Quick Response (QR) code.
Small flat fee per transaction only, no interchange fees
Available in Fall of 2014
http://www.myecheck.com/services/mobile-services/
"About MyEcheck, Inc. MyEcheck is the only fully electronic check services provider that enables authorized real-time electronic payments from all US checking accounts. The Company’s goal is to capitalize on opportunities created by the federal Check Clearing Act for the 21st Century (“Check 21”) law that became law on October 28, 2004.
The legislation facilitated check truncation by creating a new negotiable instrument called a “substitute check.” This change created a demand for alternatives to debit/credit card and ACH payment solutions.
MyEcheck conceived of and received a patent for a method that allows it to create and clear fully electronic checks. We provide software that enables merchants and banks to receive and process real-time payments from consumers, businesses, and government agencies.
Our patented process cuts costs, reduces fraud, and replaces the labor-intensive process of sorting, transporting, presenting, and reconciling paper checks with a faster and less error-prone process.
Payments can be initiated online, via point-of-sale terminals, or over the telephone. Our services include electronic check creation, real-time check authorization, payment fraud scrubs, payment guarantee, check clearing, and complete online reporting.
MyEcheck was founded and incorporated in the State of Delaware in October 2004.
How MyEcheck Works
When a merchant uploads a CSV transaction batch file to our server, we convert the data into a Check 21 compliant image file (or ICL—Image Cash Letter). We send the substitute check image file directly to your bank for deposit into the merchant’s account.
This method allows you to process the payment like a traditional check. Alternatively, we can create a substitute check and route the payment through your Fedline account. Payments clear in the same priority as paper checks.
Why Choose MyEcheck
Simpler and cheaper alternative to ACH clearing process.
Attract new low-cost merchant accounts
Increased volume of purely electronic check payments.
Tens of thousands of low-cost electronic transactions per month.
Payments made through your bank are usually cleared within 24 hours.
Returns are minimal, but are processed just like other checks.
When required, returns usually occur within 24 hours.
Applicable Regulations
Since MyEcheck processes but does not conduct transactions, and does not directly hold or transfer cash, we are not subject to direct federal, state or local regulation. We are also not subject to regulation or laws that apply to accessing or conducting Internet commerce. We are only subject to regulations applicable to general business conduct. However, there are no assurances that MyEcheck will not be subject to financial regulations in the future.
How may we help you?
We would love to hear from you! It’s easy to contact us any time. We will answer your inquiry within two business days."
http://www.myecheck.com/about-us/
Bulls could close GRCU green today signaling a reversal with anticipation of financials & yield sign removal next week.
Hindsight is always 20/TWENTY ;)
Enjoy these prices while you can, if it drops lower enjoy those too!
The company is on the right track to success even though the PPS temporarily reflects the opposite.
MYEC
Sounds great. I'm sure we'd all love to see the checkout process from start to finish.
If you could get screen shots showing where MyECheck is a payment method & how the checkout process works that'd be awesome.
After having purchased many shares from VFIN at .05, .04, .03, .02 my account isn't showing signs of getting wealthier, in the short term that is. Who's to say VFIN will not get desperate/anxious & decide .01 is next week, they know the lower it goes the more bid support we have letting them exchange 3x more shares at a time.
VFIN is selling for the conversion of debt. All the shares issued to "Accredited Investors"
They received them at a huge discount & we are only making them wealthier the higher we purchase.
Going lower so we can buy from VFIN cheaper. Most would rather buy from VFIN at .01 instead of .02-.04, need to strip them of shares before we move up significantly.
How low if VFIN willing to sell....That is the question
Anyone here use Simplifile? I'd like to see some screen shots of the checkout & how the process works on the website.
Wish there was an online store that used MyECheck so we could all use the system to see how well it works, I know soon there will be very many once the Sales & Marketing start targeting those specific sites though.
MYEC
TrustCash Holdings & TrustCash Mobile are 2 different companies, there are zero ties to each other.
The contract for the domain name www.TrustCashMobile.com expires on July 24th 2014
TrustCash is a Registered Trademark to TCHH but that doesn't stop companies from creating a company called TrustCashMobile or AmericanTrustCash
This is irrelevant to TCHH. Trust Cash supposedly allows individuals to pay for an item online using cash, the company TrustCashMobile is associated with PayDay Loans.
That debt from 2009 or current?
He sold the house he lived in after filing for BK, the house sold for about $1M to pay part of that debt.
It will likely be valued between $3,000 & $10,000.
The patent cannot be valued higher than the COST of the patent.
A patent generally costs $2,500, if said patent generates Billions in profit it will be written in the books as an asset worth $2,500 since Ed Starrs is the Inventor.
However if Apple purchased the patent from Ed for $10B then Apple would have written in their books an increased asset value of $10B.
MYEC
Great Work! I believe that is a very good estimate on the patent value & Ed could use a similar formula as a buyout price if he ever decided to.
As far as what will be listed on the audited financials for Q2 it will be the actual cost of the patent such as research & development, fees, testing, etc. The value filed in the books can't be greater than the cost, so if a company buys our patent for $10B even though its worth $100B or more, that company can only put $10B for its asset value.
I'm not sure how much the patent cost Ed, possibly $3,000-$30,000?
MYEC
2006 Combined Total of $65 Trillion for both ACH & Electronic Transactions.
2013 had a Combined Total of $72 Trillion.
https://www.nacha.org/news/ach-volume-grows-nearly-22-billion-payments-2013
Capturing 1% of 1% of 1% of the payments industry equals Dollars Per Share, it will happen.
Consider yourself very lucky to be invested in MYEC as a startup.
CEO Confirmed No R/S This Year & Never Would The R/S Occur Unless it Increased Shareholder Value, I.E. Uplist to NASDAQ from OTCQX.
P.S.
Reverse Splits do not take place on Sundays
There is not a fixed cost to revenue ratio.
There C2R ratio is variable & can only be calculated after each earnings period, you can get the current C2R from Q1 financials but you will need to wait till Q3 to get a better idea considering all the new hires, app developers, office leasing, part time employees, advertising, etc.
The actual cost to the company for electronic transactions do not change, we have a lease at the QTS Data Center which processes & saves all transactions.