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I guess you don't have an answer. Quite frankly, I really have no idea what you just wrote.
You sound upset. I guess I would too if I owned this stock.
Now, care to answer a simple question?
Other than having 22.4 billion shares outstanding, a questionable history involving Mario Pino including an SEC formal investigation, what differentiates PYCT from the hundreds of other money transmitters?
No buyers again today. .0003/.0004.
Does anyone really think someone is going to buy a start up online money transmitter with a 9 million dollar market cap?
Next stop is .0002/.0003.
LOL!!!!
Other than having 22.4 billion shares outstanding, a questionable history involving Mario Pino including an SEC formal investigation, what differentiates PYCT from the hundreds of other money transmitters?
What exactly makes PYCT a shining stars among there countless other established competitors?
Bid/ask .0003/.0004
Is this a surprise?
You have your opinions, I have mine.
This is a message board. Deal with it. Grow up.
What differentiates Paychest from more than 100 other .com types of money transfer sites?
Other than the cheesy cut & paste web design, questionable history and 22.4 billion OS I would say nothing. How many other stocks you people own have 1/3 of the OS in the hands of discounted share owners and another 1/3 in the hands of a shady penny stock loser named Mario Pino?
Ya got a real gem here! LOL
Sinister, RS4 posts on RB.
How many of the 24.5 billion shares do you own?
Yes, The launch was not a launch.
The website is just an informational website.
Your a shareholder in a company that has 24.5 billions shares outstanding that represents ownership in an informational website that gets virtually no traffic.
Feel better.
"2many, do you have anything worthwhile to say?"
An insightful post on RB yesterday...
If the services to be provided tomorrow by Paychest are not complete, clearly defined and easily verifiable this stock goes to .0001 by year end.
Also before any serious investor buys into this mess, a clear outline of the share structure must be disclosed including all insiders, restricted shares and most importantly the terms of the deal with Mario Pino.
Anything less would be an utter failure on managements part to fully disclose important material events that would enable a potential shareholder in doing proper due dillegence.
http://ragingbull.quote.com/mboard/boards.cgi?board=PYCT&read=17682
You may take consolation as this will probably be the last PR to digest until the next 98% complete PR.
It looks like all the RB touts have gone silent. All the promises, all the false prophesies filled with hope have all gone silent.
Did those pumping touts sell out to new marks?
PYCT INFO
PYCT -- Paychest, Inc.
Outstanding Shares: 22,446,534,385 as of 2006-09-30
7.5 billion discounted shares (1/3 of the OS)issued in first three quarters of 2006.
Major deterrents to a rally...
22,446,534,385 OS
1/3 of the float is in the hands of a few discounted holders who's cost is less than .0001 a share.
Another 1/3 controlled by Mario Pino.
https://www.otcstockinfo.com/repository/645926/645926_FR18.pdf
In both cases any price rise the holders will most likely be dumping there shares.
Could it be that upwards of 15 Billion shares are ready to be unloaded into any buying?
Weid, eating crow yet?
.0003/.0004 at year end.
"Whatever,your opinion means nothing.Call me and lets make a 10000 bet.I say it will be at .001 by jan first.I will put up 10000 and you put up 5000.Winner takes all.9209602411.call me Sunday and we can put it in a joint account.Put up or shut up."
So is this a 95% launch LOL!!!
"anticipation of our full scale marketing launch in Q1, 2007.
"
Hi bigmellons, I thought you were permanently banned from IHUB?
Your math is off.
Float: 37,000,000
In Certificate Form: 35,000,000
Free Trading Shares: 2,593,852
74,593,852 shares.
100,000,000 rest.
174,593,852 share out.
2MM short not 6MM.
Probably just a cert being converted and showing as short. This is normal and will clear when the cert converts.
No problem here, no short. 7,251 shares short as of 11/27.
Symbol DPBL
Security Name DEEP BLUE INC
Venue Pink Sheets
Month/Year 11/2006
Short Interest 7,251
http://www.pinksheets.com/marketactivity/short_interest.jsp?symb=dpbl&symbdate=Nov27%2C2006
Right now the company is valued at 9MM with no customers, uncertain share structure, virtually no details on the transfer of ownership and virtually no assets. A shell.
Would you pay 9MM for a dirty shell to market an already existing money transfer platform or buy a clean shell for less than $750,000.
Even without the past history there are way too many red flags with the deal.
Pillay could have worked a deal out with Mario to get ownership on the cheap but eventually if any serious consideration is given to make a go of this the share structure would need to be addressed which would most likely be a reverse split.
Those companies on the list are market making companies, NOT INVESTORS. These companies simple facilitated a trade for an unsolicited customer order. They DO NOT take positions or INVEST in DPBL.
These are market makers acting as agent only as they do not position DPBL, they do not hold inventory for clients and they do not make a market. They execute what the client asks them to do. Get it.
Doubtful
The executing broker needs to work for something. Try putting a market order in at .000325 if allowed or call the representative at the brokerage firm. I bet you will find plenty of shares this way.
Try selling at .0003, I bet you can't.
curtg, not the same company by a long short. The Vertical Group is a Market Maker.
http://www.otcbb.com/asp/symbol.asp?issues=MPIDs&searchwith=starting&searchby=symbol&sea...
Those companies on the list are market making companies, NOT INVESTORS. These companies simple facilitated a trade for an unsolicited customer order. They DO NOT take positions or INVEST in DPBL
"Whatever,your opinion means nothing.Call me and lets make a 10000 bet.I say it will be at .001 by jan first.I will put up 10000 and you put up 5000.Winner takes all.9209602411.call me Sunday and we can put it in a joint account.Put up or shut up.
"
Jan 1st this thing will be .0003/.0005.
Who the heck knows? It's not like they have actually released a financial statement to publically recognize this. For all anyone knows the float could be the AS?
It's all heresay which is always a RED FLAG.
"...and there are offices in Tampa and Miami as well."
WHERE? Is this a secret as the web site lists Tampa as the Corporate Headquarters. Are they lying or does the IR just not know much about the company?
And what outside source will verify the companies findings?
Pure nonsense.
But this is only the companies representation and not certified by an outside auditor. It's meaningless until certified.
The NOBO is only part of the equation. Do they have the OBO list?
Of course this is just nonsense anyways but I'll play along.
I guess there is no communication between the IR and the transfer agent, but then what would you expect from an IR who doesn't know the address of the Corporate Headquarters in Tampa Fl.
"He also said that the short position was estimated at 6 million and that in his opinion the true float is only about 2 million."
How's that naked short thing going? The company must have proof as they confirmed it right?
It sounds like somone is plain out lying.
About 6 feet 2. A full foot bigger than you.
Arizona Corporation site is updated as on 12/4.
Lawson Pillay in as Statutory Agent and Mario Pino remains President.
Statutory Agent Information Agent Name: LAWSON PILLAY
Agent Mailing/Physical Address:
3131 E CAMELBACK RD #200
PHOENIX, AZ 85016
Agent Status: APPOINTED 11/17/2006
Agent Last Updated: 12/04/2006
Officer and Director Information Name: MARIO PINO
Title: PRESIDENT
Address: 6630 N 48TH ST
PARADISE VALLEY, AZ 85253
Date Assigned: 02/03/2004 Last Updated: 10/26/2006
No market makers as trades are on a unsolicited basis only and not piggyback qualified.
PYCT -- Paychest, Inc.
Com ($0.001)
Primary Venue: Pink Sheets
Quote Status: Unsolicited
REAL-TIME PINK SHEETS INSIDE QUOTE AND LEVEL II MONTAGE
Not PiggyBack Qualified
http://www.pinksheets.com/quote/quote.jsp?symbol=PYCT
Pink Sheets updated the OS and market cap. Not many companies in this world have more shares outstanding than this little gem.
Officers:
Lawson Pillay, CEO
Fiscal Year End: December 31
Outstanding Shares: 22,446,534,385 as of 2006-09-30
Estimated Market Cap: 6.733M as of 2006-12-01 (based on Outstanding Shares as of 2006-09-30)
Authorized Shares: 100,000,000,000 as of 2006-09-30
I guess your going to have to be right at least once! With ten straight down days you don't have to look at a chart to see that the odds do favor at least a one day pause before the continuation to .02.
From PYCT's FAQ,
What is PayChest’s shareholding?
Ans PayChest currently has 100 billion authorized shares with approximately 22.5 billion outstanding shares. Moving forward, no new shares will be issued without the necessary filings and informing the public. There are no plans to issue new shares until we are profitable and stable."
There have been no new shares issued since the takeover. So it is no longer a dilution issue.
Well, that seems like an honest statement going forward but it certainly doesn't address the current situation where 2.5 billion shares were issued to different parties in the first three quarters of 2006 and they are probably currently unloading. Trading volume for the year so far has certainly not accounted for this size to be distributed into the market yet.
curtg, ask one of the DPBL Guru's about the name/cusip change scamaroo. Go ahead and ask them for the name of one company that actually produced a short squeeze or exposed a naked short that was not connected to an insider selling shares they did not have or shares connected with a PIPE deal.
I'm sure all the experts can come up with just one company!
"pie in the sky" projections are nice but given the company has never released anything resembling a financial report one wonders if they actually have anything to fill in the boxes with.