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Perhaps they're all in China looking for the pads.
Yup, makes sense. Knight is now officially convinced that Flushaway is real, so let the covering commence!
But no... they're going to watch for recon from the moles... :)
This stuff blows Mario's fiction away.
Too bad we couldn't just stick to talk about the company instead of fiction made up to make the stock sound like a good investment.
Perhaps he'll interview the Knight moles that are paid to hang out in China waiting at manufacturing facilites hoping to catch a glimpse at a Flushaway pad coming off the line so they can get that short covering started.
Interesting... who exactly wrote that? I wonder if 'both' posters who hold "over 2% of the float" are on the infamous list of 100 shareholders. LOL
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41249308&txt2find=military
"You don't think they have moles over in China watching to see production being done"
Um no... common sense tells us that Knight securites does not have people hanging around unknown production facilities snooping around looking for Flushaway pads being produced.
Good God....
No, shareholders being robbed of their divy (as you claim) wold be a negative thing for the shareholders and the company.
The company has not only stated that the negatives were cleared up but also warned about the type of information you insist on spreading.
So PYCT was a shell company when Flushaway came into the picture? What happened to the ad campaign and the Vietnam contracts? Those were product of a shell? Anyone claiming that this was a shell must believe that all was smoke and mirrors before.
And to think that was perpetrated by the man who is still acting as the CEO here (given that the new one has yet to be announced). Pretty scary thoughts for those hoping that this is a legitimate operation.
It's a positive that the company linked to the Flushaway site remains suspended and isn't allowed to trade?
Yes, many have noticed that the company has not bothered to follow through.
The company stated that all previous negative issues were resolved.
A massive naked short that would prevent unsuspecting shareholders from recieving their dividend would be a negative thing therefore according to the company no such situation exists.
"With that chance becoming reality, the PPS will rise."
If the supposed massive amount of naked shorters were afraid that the PPS is going to rise then they would simply cover and be done with it. Given that the claims are that they naked shorted at much higher prices over the past few years, then they'd finally be able to cover at the minimum and take their cash and enjoy it.
The only argument for the supposed naked shorts not covering yet is that they're trying to force a reverse split by posting negative things which is terribly laughable.
Do you seriously believe such nonsense that 5 to 10 posters are planning on forcing a company with a grand Chinese consortium to reverse split their stock so that they make a bit more money when- if the HUGE NAKED SHORT theory is correct- they already sit on huge gains?
And how'd you get this alias anyway? The last guy with this one just left the board forever...
Well, if a story simply isn't doing any good, just make it sound better and hope that people forget the first claims.
Kinda sounds like the claims of some of the pinkies from the past.
Luckily like PRs, the posts here are searchable and the inconsistancies tell the story.
"I DON'T KNOW ANYONE THAT OWNS LESS THAN 10 MILLION SHARES."
"out of the 100 or so that I know, they ALL own more than 20 million shares."
LOL...
"Unless of course you know all 2,100."
By the looks of it, that will be the claim soon.
Odd thing is, if those supposed 100 people hold such a massive amount of shares, then they knowingly hold fake shares if the massive naked short theory is supposed to be believed- which it must be since the "leader" is the inventor of the theory.
Strange that such a large group of shareholders knowingly hold fake shares (and supposedly won't get the divy) yet there's only a couple people screaming about a massive short position (with just a few more holding out hope for it to be true from a distance).
Even more odd is that we're supposed to believe these ever-changing stories.
I guess we're supposed to believe that 50 others must have read the post here and joined the supposed group... LOL
Like I've always said- when you tell the truth in the first place, the story doesn't need to change.
" The absurd claims about mysterious Hong Kong investors not withstanding "
First it was Genfin's big pockets, now the Hong Kong dudes.
Funny how although Genfin was going to feed the company they still had to dilute.
Must be some reason they don't want to release the filings....
""If they were to RS then a lot of folks who were paid in shares would get burned, not wise to burn the folks who "loaned" you money or services.
Again REALLY, how can they get burned(?) "
If you really don't understand how a reverse split would burn shareholders then you need to do some basic research on how the stock market works- enough said.
"but please don't try to make us posters think they are when you can't prove it. "
Given that PYCT chooses not to disclose what they do, then people tend to rely on history. History tells us that they have diluted their share structure- this happened although Pillay told us that he was going to rely on benefactors to operate the company (I believe that one poster claimed that Genfin had poured millions of dollars into PYCT).
Also, with your logic, the huge naked short position theories should stop as well given that they have not only remain unproven, but there is no evidence to support them.
Or we can simply let people discuss their theories on the stock and let them expose themselves.
Longer trade than expected but some nice pippage. Closed short @ 1.6648.
Short .6989 on NZDUSD. TP TBD.
But it looks like they're going to pull out the old "filing update" again... you don't think that's going to be worth .005? LOL
Sounds about right. After the holidays...
"Banana Splits "
Hmmm... we've had about 8 of those here haven't we? **yawn**
Yeah, I hear it's going to be on May 25th.
"In my opinion, it's something they could not publicly state in a press release... But as a matter of fact... their press releases did mentioned that they would be sending their newly tested, passed with flying color samples to distributors."
So they could not publicly state it, yet they did publicly state it.... ok then.
"but not something they would want to publicly state at this time."
Of course not. They might actually be asked for proof of such an event.
And it's very professional that a public company mention these events to a few shareholders than actually provide the same information to the public... not.
Of course some may disagree.
"But the fact is, retailers and distributors all over the world have those samples now..."
Yet as of last week the company is still making changes to the product.
Why change a product that passed testing with flying colors. And why send samples out when the product is going to be changed?
As I said before, according to Hands when the samples are ready they will issue a PR. You will have to request them from what he said. They've given no indication that they're planning on sending them out to every shareholder.
Hmmm... wasn't it a Vietnamese call center or something that was the last big thing?
Pillay had that all lined up IIRC.
Yep, that's what the PR says.
LOL- polyethylene can take hundreds of years before it's efficiently degraded, but with the right conditions it can degrade a bit quicker. Or perhaps modify the carbon chain... easy fix.
But that sure beats that pesky cotton that TomKit has in the panties is sells.
Now I'm guessing we'll hear that green isn't all that important afterall.
Interesting. Seems they can't make up their minds...
"The Company is making other changes to the Flushaway product to increase margins, improve profitability and prepare for commercial production in early 2010"
Why is this? I thought the samples that were tested passed with flying colors. After their much-hyped tests are complete they're still making changes? And they're just now initiating the project for new packaging?
I thought that the production MUST have been underway by now in order for the product to hit the commercial market in early 2010. lol
And if this new packaging is the "first phase (of) cost reduction", what was all the other stuff they've been doing for the past year plus. I thought that was all about producing a product that was cheaper...
Not sure the last time it traded at that level. Anyone stuck at that price believing that a return to that level is possible may as well throw a few bucks at it now and ride it back up.
You'd think if anyone did think that was possible the volume would be non-stop.
"Maybe they can't afford a letter these days so they post on IHub "
Nah, the bull has been floating around about this one long before Flushaway and their letter. The Paypal competition, the Condi pics, the Bill Gates being involved with Pillay nonsense... old news.
Just goes to show that no matter what the story with this one, there will always be those swearing that it's the next big thing.
"So if this is massively shorted..."
Because it's not and IMO no one believes that it really is. There's been no proof nor logic that would lead a reasonable person to believe so.
Oddly enough, most (if not all) of the recommendations to buy or sell have come from those encouraging buyers, not the other way around. The ones being accused of scaring people into selling are those who are simply discussing the company's own history and actions.
If people believe that discussing the company would scare people into selling, then that show no faith in this company. If people have to make up stories for years in order to encourage others to buy, that again shows no faith in the company. Their efforts could have been spent proving their theories and explaining why PYCT is a good investment. Instead it's been about posting untruthful statements and and personal attacks.
It doesn't matter which incarnation of this company it was (MLON, Paychest, Flushaway)- the story was the same. Discourage truthful discussion while posting untruthful statements in order to make this company sound legit. Common sense meant nothing as long as you were a cheerleader.
One really should ask- why would those same people who have displayed no faith in this company and posted untruths for years be encouraging others to buy?
Yes, people often respond to questions with their opinions- that's called discussion and this is a discussion board.
Agreed 100%.
Nope. Predictions are not subject to being labeled a lie IMO- no matter side they're coming from.
"Those words of wisdom can be disturbing for those who own those billions of shares"
If any shareholder truly believes in this company then no negative posts will affect their position, nor would they need to make up stuff to try and make it sound like a good investment- they could simply refute the negatives and that would be that.
What's actually disturbing are the efforts to pump up the company with misleading statements. While many who've predicted a reverse split have been wrong thus far, that pales in comparison to those who've outright lied.
I think it better to be wrong than to be a liar.
Like I said- silly conspiracies do more harm than good to one's cause when they make no sense. They often contradict each other.
If both statements are true and someone believes that the majority of shares sold were fake and won't get the divy then how can someone be excited to get it?
But of course that conspiracy is worth about the same as the sudden claims of a group owning 47 kabillion shares.
Interesting how this stuff just pops up out of the blue when the old stories end up getting old.