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Yup. Mhhmm. Yep yup mhhhmm.
AhhHhhHhHhHhHh SsheeeeeeiiiiIiIiT! Or something.
MYEC
Its a Federal Reserve policy issue. Nothing involving Congress. From what I gather (and Im Due for a reread I must admit) its basically preparing to set the tone (important! And itll be a very positive one) for possible future laws/rules. If theres the category created for the Fed (that they want for myriad reasons including speed and ease of tracking all sorts of transaction data) of an electronic check.....they are basically saying "this is the best new way of doing things period, and it just so happens these guys over here fit exactly what were looking for...we arent recommending them, were just saying this is where we found the solutions were looking for....the shoe fits."
Itll sort of be them talking out of both sides of their mouth but also not really. When the Fed implies something that deserves reaction the word decoders help make it a reality.
MYEC
Its just one big positive for the background of MYEC. Getting the Federal Reserve to come out on their own with solid favorability towards MYEC processes IMO wouldnt produce an immediate windfall (share price might pop a noticeable bit though) of business, but it would seriously speed up the curve of signing clients, like supercharge style. Basically a multiyear turbo booster for a company that is already cruising and creating other turbo boosters.
The Fed is independant, thus is looked at with more respect as a government entity, except by those who blindingly and reactionally despise anything thatwhiffs of "government".Having them as an ally, or one-off ally, makes it that much harder for Status-quo business minded Congressional politicians to pull some snatch and grab or delay BS on us.
At this point I personally believe this is a train that cannot be stopped.
MYEC
SCAM CLOWN WIFE FINANCIALZZZZ
MjPay in a few weeks along with Q1 numbers plus whatever else is going down. VXgateway launch? To the moooon, Mars, Asteroid belt smashes the shorts, Jupiter, then the party at Saturns Moon Titan.
MYEC
It seems MYEC is planning to get their foothold in the US before going international. I asked him about it a couple months back he said they were too busy but would revisit it at the six month mark.
I wouldnt expect anything before late this year IMO, but you never know. GLTU.
MYEC
Yougot that right. I pulled my cbux follow a day after because I became immediately suspect.
The only way to accurately have a shot of separating friend from "foe" (defined as not any flipper, but the disingenous ones, along with shorts and paid bashers, and possibly a few blinded longs, although i find the latter to be less of or a nonexistant group now) is to spend an absurd amount of timehere, and even a decent amount of "friends" to me can drift into legitimate But temporary pumping status. I can be as jacked as any long here, but I do NOT blow up unconfirmed items as fact, or take relevant positive things and overweight them...if it happens Ill catch it and walk it back asap ;) its hard not be excited, but I wont hold up every speculative or new development as a rock solid new reason for a run and to buy....theres enough empircal data out there now to be a buyer. But, yes its fun to speculate.
IMO most of the peeps here have got it right. Increasing revenue confirmation in things like quarterlies, auditeds, and blue chip licensees will be the only inputs that move us higher than our current valuation. While I see the future (thats right, the FUTURE (: ) and know these prices are a steal, its hard to justify a higher market cap without that next level of market confirmation. But when we do get these things, Kablooooey! ;)
Dont let the CBUX of the world taint your view of this board. The majority of MYEC longs are solid, thoughtful, visionary people IMO.
MYEC
Lol right.
No first born required! Thats how advanced MYEC 3.0 has become!!
MYEC
WIFE CLOWN SCAM CEO FINANCIALZIZZIZZ
MYEC
Duhhh which way did he go george, which way did he go??
Nice and greeeeeeen.
Bid higher than current pps
Tap dat ask! ;)
NFC? Pretty sure Ed said he wasnt worried about that at all...And I dont think he needs to sweat what the competition is doing either really. Hes at the tip of the spear when it comes to cutting edge payment tech across the board, security to efficiency to simplicity etc.
Eds potential client list anyone doing business or any consumer, literally. Theres plenty of room for competition, especially given we are holding the best hand IMO.
Looking forward to Q1 numbers. i expect a revenue increase of 60%-400%.
The more space they rent the cheaper per square foot, thus the bigger they get the cheaper it will be (as a fraction of revenue) for even storage space. Yes theyll need to higher more sales staff, but thatll mean they have even more clients and likely a busier list to pay for those new hires. Well start off absurdly efficient and only improve. We wont need to market a ton either as word will spread quickly. And updating the app will cost a speck of revenues.
A perfect storm of goodies IMO.
And my ipad jacks up my spelling ALL OF THE TIME.
MYEC
Ok, but i dont see being skeptical as a bad thing. Staying grounded certainly is powered by skepticism at least partially usually, but whatevs. I hear you. Im just thinking if for some reason there are minor discrepencies theyll be explainable, and will be largely ireelevant in the scheme of things. Their numbers were never really that high so its not like we really need to concern ourselves with any huge financial errors. The main takeaway IMO would be that the financials are coming audited from now on, and with much bigger numbers.
I think your gut is correct, that when we get audited well jump. How high and fast be the question!
MYEC
Yes you are! We have a huge group of dedicated longs. Youve likely been around longer than I then too. I popped in early but didnt grab most of my position until fall of last year.
Everyone has their own take, and I definately enjoy bouncing things off of others and seeing what sticks and what doesnt. I suspect you like most here understand were all allies who dont take any jibes personally. For those whose passions run high (me too at times!) its understable given whats at stake here....nothing less than a serious degree of financial freedom.
Well all get our run sooner than later. Vegas, and the future, is not going to suck!
Lol. Whoops. IMO those 2 situations are miles apart, similar only in that they are businesses. Mr. Starrs has proven he has nothing to hide. Hes been as transparent as they come thus far, and is bringing the rest of the company up to that excellent standard now that theyve retooled.
All of this skepticism on the board is definately healthy, as it challenges all us die hards. It also makes me personally stronger in my convictions here when similar concerns are voiced and adressed time and again.
True, to a point. We can infer they will be something special based solely on the proven product efficiency alone though. Whether its 40 percent or 90 percent its going to be something assinine IMO.
Haha yup pretty much. If anything it shows weve learned not to follow the mob and its mentality and to think for ourselves. And that opens the door for future genius at the very least ;)
MYEC
Nice. im somewhere in there too. Had 600k but sold half at the WRONG moment. Thought I had more time. Whoopsy. If I can load some more I will, but no matter what Ill have six figures of shares for as long as we are a company. i am preparing to live off and reinvest our sweet dividends ;)
MYEC
There is no Chill, we need to become eligible. And even in my take on future events I stated that we needed to get over a dime and quarter and take care of these in motion housekeeping things first. See, its possible to do both when the fundamentals allow for semi-detailed speculation! its called forecasting ;)
What rug are you talking about too BTW? We are profitable in the millions of dollars and growth is exploding. We arent some start up unprofitable stinky pinky.
Its like people cant handle the likelihood of a bright future. In fact its like its blindingly positive to the point where apparently we can only focus on the small goals in front of us instead of speculating on the wide range of possibilities not too far down the road. "dont wake the sleeping giant he might run away!"
If itll make everyone more comfortable I can do a forecast that shows what happens if Ed suddenly goes crazy and stops doing all of the things hes been doing. Because short of economic collapse thats the only thing thats in our way. Were profitable, and by adding more verifiable accounts we are now more profitable. I dont see us suddenly losing accounts with the cheapest safest fastest patented method out there. Id prefer to keep it real ;)
MYEC
Thank You! I was trying to be ultra conservative with my analysis while thinking what youve posted is a total possibility. Peeps just arent grasping what this automation does for our costs and growth speed. We could run 80% profit margins for all we know, when **10** percent is great in many industries.
How about you read it and get a grasp of my timeline for such a development. And it wasnt that hard to "type all of that".
Am I expecting a dividend anywhere near the time frame of us expecting auditeds? Nope, thus u are comparing Apples and Oranges IMO.
A dividend call is based on the assumption that reported on developments like auditeds are a foregone conclusion. If we dont see auditeds ever, which is insane to think, then clearly we have issues well beyond whether we see a dividend.
Lets try this:If the company succeeds then a dividend is a guarantee. We will not become a NASDAQ powerhouse and not see a healthy dividend. One will not take place without the other forever, due to a list of already relevant details about what MYEC is capable of.
Have I qualified it enough now?
Jeez yourself! Lol
MYEC
LOL. Too early to think about it, but you have thought about it, have an answer and it is "not a chance." How about some of the usual consistency please, instead of condescendingly dismissing the topic as needless banter ;)
While I agree its a ways off and theres many things in the way from point A to B, its not unheard of to forecast potential scenarios a few years or a decade out. Unless you are a trader/flipper Id hope everyone has some sort of expectation for years from now, from worst case to best case. Im basing my conclusion off of ownership calls for exponential growth, ridiculous margins, as well as animpressive QoQ showing. I look for the trend of revenue this year to confirm our run to glory, and itll make it easier to draw a better forecast for the future.
Based off our business plan alone, MYEC can operate conservatively, hoarding cash, pump higher percentages into all their costs like R&D and sales, and STILL have a significant fraction leftover for a dividend/buyback plan. Theres enough data out there NOW for me to say its more likely YES than NO to a dividend within a few years IMO.
MYEC
Im sure Ed wouldnt mind living off of dividend payments and keeping even more of his shares.
Its all dependant on where we are in the company life cycle, how fast we can ramp up. I,, being the eternal optimist, can see the company profiting billions of dollars annually within 5-10years, maybe sooner like 3. If that happens we have more money than we could ever hope, need, or want to spend on operations, even if we start looking for additions to the company portfolio. That said, I dont think its crazy to think we could see a starting divy of .05 or .10 a share, which would be $150-$300 mil of yearly profits. From there itd just go up. And IMO its in Eds interest to do that, because itll bring in a legion of a whole different type of investor.
And getting a divy like that would send us even more to the moon...a hyper growth stock with a growing dividend. Muahahahaha.
What! You dont see dividends here in a couple years?
Absolutely. And Id even bet shares to back up how strongly I feel we will.
2 ironclad reasons:
1.) The sheer volume of transactions we will experience will lead to huge revenues and profits.
2.) being as automated as we are means our operational costs will be comparatively nonexistant when looking at other business models, giving us insane margins. With no worthwhile place to put a huge portion of our money it will come back to the shareholder.
It may take a couple years as Ed will want to backstop the operation with rainy day funds. But it wont be long before he can both backstop and send out some dividends. Then id expect the dividend to increase annually as we grow.
The technology and system has never been in a place where someone could ramp up so fast. And being that our business is moving money....man I still cant wrap my head around it.
Im in the same boat. I wont be taking any chances until we are in the teens. Itll be a bit easier to try and flip for more shares if I have that extra room to work with. I can use bigger dollar amounts and flipping a penny here and there will be much more doable. A penny downhere is still a huge swing and not worth being left behind. And I only move 5% at the most when I do.
Im fairly confident once we get to a buck many of those, if there are many, who plan to sell it all will hold half of their position for the long haul. No one wants to be like the Victoria Secret owner who sold his company for 4mil and a couple years later it was worth hundreds of millions and he jumped off the bay bridge.
Just sayin ;)
Downpayment on your house with at most half your shares. Live off the dividends of the rest and hand em down when you pass on ;)
MYEC
Ahhh, a second wave trooper! ;) there are a decent amount of you guys, and i suspect youll be just as jazzed as many of us already are in due time. A 25bagger to a dollar. Thats some serious cheese. And I firmlybelieve once we hit a dollar were going to hit another gear and you could be looking at a 50 to 100 bagger within months of said 25bagger. Me Ill have so many bags Ill probably go crazy and become the Stereotypical "bag man" walking around the neighborhoods babbling incoherantly....moreso than usual that is.
"that crazy dude kept wandering around in circles yelling about how hes a multimillionaire because of his collection of bags or something. I think he stole that hybrid cadillac he took off with."
But alas, first things first. Need our aiditeds and quaryer growth and sweet licensee to drive us to .10 and .25 first. Then kablooey.
MYEC
"wiggle your big toe."
-Beatrix Kiddo (Uma Thurman)
Kill Bill Vol. 1.
Yup. And were just going BACK HOME ;)
Just bury yourself in the DD again for an hour or so. Youll get the fuzzy feeling of reassurance most longs have.
Thanks, back at ya!
Oh man, the Fed. Every corner we go around we run into positive developments. Yea, the Fed will possibly essentially be pushing the entire transaction industry our direction. Thats borderline insane mental overload. Even if they cant and wont stick their necks out on a straight up recommendation (which makes complete sense given their position as a mainly administrative neutral entity) it will be, and to extent already has been, highly implied. And perhaps moreso than any other institution out there, people look for informative clues from the Feds every word....their chairman and regional leaders at least.
Going to be soooo sweet. But this is why we are trending back up to .05 in the pinks after what would be a historical run on the big boards. We are just getting started, and even if only a minor fraction of our potential is realized its going to blow minds. And at that point we may swallow the whole thing.
This time next year is going to be the shizznit.
MYEC
Whatevs man. Normally id agree with you, but this is massively huge. Its an unprecedented opportunity. It may take a few years to ramp up to that kind of level, but its coming.
I suggest adopting a rosier long term outlook or you may be left behind. Or be alllike "damnit why didnt I add more".
362% revenue growth Quarter over quarter
We are just getting started.
MYEC
If you hold4mil of that forever ever youll be a 9 figure human being.
Me too! With our sick profit margins its a guarantee we see supersize dividends IMO. There just isnt that much for us to spend consistently vast amounts of money on. With a 3billy share OS we could easily end up with dollar per share dividends down the road.
Weve already made a million bucks in two quarters off of a spec of dust. A thousand more specs of dust and were already there.
Thats why im so hyped here. Our golden goose can come from ANYBODY. And therewill be a legion of other geese wanting in.