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It is if a regulator came up to Ed and said who did you speak to, what was their number, what was their position in the company, what was the purpose of sending that text, what was the purpose of the conversation etc.
And then, the conversation never happened. Just saying!!!!
They are not protected. Respectfully, you are wrong. Safe Harbor allows you to be protected from forward looking statements. Stating on a Facebook account that you don't own $4,000,000 in assets when money was wired from your own corporate bank accounts to buy the real estate has no relevance to a Safe Harbor. Also, a Safe Harbor Statement does not insulate from fraud. For example, the acquisition of Greenpay LLC which was created by Fast Eddie does not insulate Fast Eddie if the SEC concludes it was fraud.
Fast Eddie Starrs - In Review
Yes, Ed has proven undoubtedly that he has a wealth of knowledge. He has been running MyECheck for almost a decade and he has generated less than $1,000,000 in legitimate revenues.
He has undoubtedly showed us that he can drink too much and get behind a wheel like a moron and risk peoples lives.
He has undoubtedly showed us that he knows the United States bankruptcy system.
He has undoubtedly showed us that he is so reckless with his own money that he has been evicted from homes because he didn't pay the rent.
He has also undoubtedly showed us that he has foreclosed on multiple homes because he didn't pay the mortgage.
He has also undoubtedly showed us that he refuses to pay his creditors and to date, the company has accrued almost $2 million in judgments.
He has also undoubted showed us that his ability to keep and retain employees and consultants is a joke.
Ed Starrs has also undoubtedly proven to us that he will make countless promises on the internet that never come true.
He has also undoubted proven that he has linked the MyECheck name to other big companies in the past which resulted in no revenues.
Most importantly, Fast Eddie has proven that his payments pitch is alive and well. Even when your your most loyal supporters are convinced that you'll never build a successful business in the United States, you were smart enough to take the charade on the road to Africa and maybe this will last a few years.
Finally and most importantly, Fast Eddie has proven undoubtedly that changing the name of the company will not remove the fleas from the dog.
The only buyout of MyECheck that will happen is a buyout by a shell created by Fast Eddie Starrs. It is a joke to the extreme to think any real company will buy MyECheck.
I'm thinking about .001
Interesting, I think UBA got permission from the SEC for their good buddy Fast Eddie Starrs to delay his financials that he must file as a matter of law. Now that makes perfect sense.
MyECheck Financials Delay Had Absolutely Nothing to With a Bank in Africa and it is Absurd and Shows a Lack of Understanding of the Financial Markets and the Securities Laws of the United States if I Would Think Otherwise.
Don't bet a lot of money on that.
He should start texting his creditors because there is about $2 million in judgments against MyECheck in which the rooster is about to get off the eggs.
Actually, that isn't the reason. You see, I know Fast Eddie better than any one on this board. That was not the reason why he told me that?
If you can prove to me that MyECheck does not own the real estate, then I will show you the texts.
Here's the problem and in my opinion. Fast Eddie had a defense - my accountants are dumb asses and I'm not an accountant.
After he issued the denial about the real estate, I think the dumb ass defense goes out the window.
The more he says on social media, the bigger the hole.
I've said it many times and I'll say it again, the cover up is worse.
MyECheck Enthusiasm Has Gone Bye Bye
One investor speculated that many MyECheck shareholders downloaded the app. Now that's a bad omen if you're own shareholders are telling you your app sucks.
Today and as of 10:15AM PST, the stock has traded less than $20,000 in total volume.
Rating: App SUCKS
ROTFLMAO
Why did Ed Starrs tell me he was contacted by federal investigators?
Why would it be so significant if he did? What exactly would your do with that information?
That means to Email Ed Starrs money because he is apparently broke.
Fast Eddie knows exactly why the financials are late and the fact is that they read the lawsuits and have said no thanks until the financials are accurate.
Starrs Can't Handle the Truth
So Fast Eddie, do you think that this payment processing, check processing gig can last a few more years because your story has conned many investors for a long time? Now you know that there are people out there like me that won't let you get away with this BS, you've gone to Africa
Remember this one Eddie
http://www.thepaypers.com/default/simon-properties-selects-myecheck-for-online-check-processing-services/736138-0
I would bet the over/under for revenues on that sterling project was about $800. In my humble opinion, UBA will be about $600.
Condo Renting Facility Scheme is a Fact. Great description. It actually makes more sense than a bank putting hundreds of thousands of customers in the hands of the 5 bozos that run MyECheck.
Reporting companies have a legal obligation to file financials. It is absurd to conclude they can't file financials because certain customers can not be mentioned. If they do not file financials, they broke the law. If they file a NT-Q which is what they have done knowing that they can't file financials because of $4,000,000 in assets that were not disclosed, then they are purposely misleading investors.
Ed Starrs will file a Form 15 with the SEC and them get his buddy Brucie "I didn't see the Real Estate" Smith to sign off on more financials.
It looks like Fast Eddie Starrs has about 11 believers worldwide who are drinking the app cool aid.
Yes, yes and confirms what we all know. Our boy Starrs announced the app and its availability and the grand finale without it being available to UBA customers.
LOL. Now since no legitimate company ever launches nationwide to customers, when will this app be available to UBA customers if at all? That's due diligence because right now, it's not.
Now the real estate owned by MyECheck and Greenpay is ready to launch and that's the play. Can you imagine this PR
CEO of the Year Ed Starrs Discovers $4 Million in Forgotten Assets.
That's the play which is what I've been telling everybody.
Ed Starrs should borrow some money and get someone to create something other than the handshake ingrained on the image of Africa at the Google Play store. Could be the worst logo I have ever seen. That is what happens when you're out of money.
But the company has no money BLAHHHHHHHHHHHHHHHHH!!
And the company has judgments against them for 4 years that have gone unpaid BLAHHHHHHHHHHHHHHHHHHHHHHHHHH !!
And the company owns real estate that is not on the books BLAHHHHHHHHHHHHHHH !!
And Starrs has a debtor examination that was ordered by the court BLAHHHHHHHHHHHHHHHHH !!
And the creditors are going to begin seizing the real estate BLAHHHHHHHHHHHHHH !!
And as soon as the first property is seized, the company has a big problem because now the court has confirmed that MyECheck owns the real estate since they own 100% of Greenpay and the properties are owned by MyECheck and Greenpay LLC. BLAHHHHHHHHHHHHH !!
And the CEO has been arrested multiple times for DUI BLAHHHHHHHHHHHHHHHH !!
And the CEO has filed bankruptcy BLAHHHHHHHHHHH !!
And the CEO has foreclosed on several homes because he couldn't pay his bills BLAHHHHHHHHHHHHHHH !!
And the CEO has been booted from homes he rented because he couldn't pay his bills BLAHHHHHHHHHHHHHHHHHHHHHHHHHHHH !!
And the company has been sued by ex employees and consultants and LOST because they haven't paid their bills BLAHHHHHHHHHHHHHHHHHH !!
And the company can't get the books audited BLAHHHHHHHHHHHH !!
Any thing else???????
Text that to Ed!!
BLAHHHHHHHHHHHH ??
Listen, I wish you the best. However, just have an open mind to what is said about the company.
I would enter into a public forum with Ed Starrs and ask him if the wires that are on the bank statements from MyECheck and Greenpay bank accounts that were to real estate title companies make MyECheck the owner of that real estate. If not, you can only come to two conclusions. First, these were loans (in the millions) that were never recorded on the books which defies logic. Second, you can come to whatever conclusion you want.
No one is trying to crash the stock and it's not my goal. I'm a shareholder. However, the truth and being an honest businessman sometimes over rides every thing.
Fast Eddie decided that he was going to call people extortionists, fraudsters and accused people of using fraudulent documents to obtain shares. None of that was true and it was defamation. He knows it.
I am very different than Fast Eddie. I have never personally been sued for a business transaction in my life.
You have never met anyone quite like Fast Eddie Starrs.
This is what I received from UBA when inquiring about the app that will change the world.
Dear Valued Customer,
Thank you for your mail.
Please be informed that it is at the management’s discretion and you would be duly informed once made available, please.
For further enquiries, requests, complaints, please contact our Customer Fulfillment Centre at cfc@ubagroup.com, tweet @UBACares or call 01-2808-UBA i.e. 01-2808822, 01-6319822, 0700-CALL-UBA i.e. 0700 2255-822.
It is called dancing on an answer.
I don't believe that this so-called app is available to any UBA customers right now. I have contacted the bank and received non-committal answers.
Let's Clear Something Up About MyECheck Stock
Very few investors short penny stocks because if you are wrong, it is financial suicide. If I go long the stock and I'm wrong, I can only lose 100% of the investment. If I am wrong on a short of a penny stock, I can lose 100 times my money.
Second, it is almost impossible to borrow on a penny stock. There are virtually no firms that allow retail investors to short penny stocks. You can go to interactive brokers and post $2.50 a share. So to short 1,000,000 shares which is a $7,000 trade, I put up $2,500,000.
That makes no sense.
You forgot one thing. Fast Eddie Starrs is a genius. The real estate is in the company's name and has not been transferred and therefore and in his sick mind, he has done nothing wrong.
Actually, maybe Fast Eddie Starrs said it so it must be true??
Here is the good news!!
For all longs, the level 2 indicates that someone is trying to buy $65 in common stock at $0.0065. For all of you that have said that we wouldn't have support, you were wrong.
Rocky:
Not accurate. Look at the Annual Report that was filed with the SEC for 2008. You are incorrect my friend.
Who is Fast Eddie going to blame this time. Maybe UBA should audit the books??
LMAO
Quiet regarding the audit (ROTFLMAO) You don't supposed to mention the audit. SHHHHHH?
The fact that that no auditor will ever audit this company's books ever again shouldn't be talked about!
SHHHHHHH?
The stock never traded at anywhere near that price. If you take 4 minutes and look at the 2008 K, you'll realize the company was selling stock at 50 cents a share.
That is incorrect. You are adjusting for share structure. Not correct. Get access to a bloomberg terminal and see the high low for that year.
Excellent post. Shells are the most popular way to create accounting fraud.
They may be planted reviews but most legit companies even do that. Restaurants do that and there are businesses that exist that have 30 people in a room doing reviews all day long. Great point Fish but the least of their problems. As you can see, the stock price predictors are wrong again.