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Yup, induce some interest with volume, release the news. Whatever gets a run is ok with me.
Of course simply supplying a product to market, completing promised filings and following through on their claims is a good idea too. lol
Since when? Read the filings. It's a fact that the company diluted their stock with over 2.5 billion shares within the past 2 years- well within the 5 year time frame you keep posting about.
With the company in such a badly diluted state it doesn't really matter that much as this point IMO but I find it hard to believe that anyone would deny that the company has diluted. Surely you're not doing that though.
According to the company there has indeed been dilution. That's the reality no matter how many times you say that the company hasn't sold a share in 5 years.
Last time it reached .0006 or so IIRC so MOMO could take it a bit further this time.
I just hope it's not another trial update... that isn't going to do much IMO.
One creative PR is all it takes for it to get real interesting.
Well if it's all buys with this volume and it only gets to .0002 then forget the dreams of buying a yacht. Or one could adjust to reality and the fact that there are sells going on as well as buys.
It can move just as well without BS.
If you're insinuating that shareholders should ignore common sense and reality then you're sadly mistaken IMO.
Yup, you're right about the dates, my bad. I'm interested in your statement about the new CEO that came about though. Who would that be? If the company isn't paying in shares anymore the financials will be intereting- if they ever come out.
Paychest is now a profitable company ya know. lol
So when you talked to Tom he denied getting paid by shares?
So do we believe him or what the company files? Eeek.
If it were really a one-of-a-kind product that was badly needed then they could have gotten this thing up and running with massive amounts of capital generated from entities other than some unnamed investment group from China.
Instead they go the typical route for a delisted company- 0 verifiables and no filings. I wonder why that is?
Yep, we've seen what volume can do. lol
I'm all for banking a bit on this, but what's wrong with simply discussing the company instead of conspiracy crap?Nothing at all of course- glad that everyone else is on board with that.
Good lord- that's my point. With Pino gone it's a baseless suit- so why are you claiming that this baseless lawsuit is a plan to destroy the company?
If someone wants to destroy a company they don't try and do so with a baseless lawsuit. It's a stupid lawsuit- plain and simple.
It's time to stop trying to connect every event to naked shorters, it simply doesn't work- everyone else understands that.
"Funny that they asked for Paychest to be dissolved??"
Sure, with a bogus suit that has probably no merit if Pino is no longer involved.
Why would someone who wants to destroy the company bother with a baseless suit? I guess you're not understanding the question.
A baseless suit (which they would know it was) would not destroy the company.
"The suit is BOGUS"
That may very well be true but why are you claiming that market makers think a bogus suit is going to spell the end for PYCT?
They're just some dumb hicks who know nothing about business law, right? LOL Not.
Trying to paint every event that happens with PYCT as proof of a naked short simply doesn't work. Use common sense.
No, it doesn't but it makes you wonder why it was worded that way. Sounds all impressive and stuff eh?
So it sounds like we have a group of people willing to shell out a some money for nothing but control and preferred shares that don't give them ownership of anything.
I wonder if our CEO is in there anywhere...?
Have a good weekend.
" Nothing has ever been said or PRed that the "group" (buying it under one name) owned the stock"
Yes it does. It says that a "private investment group based in Hong Kong acquired control of the company by way of acquiring all the preferred shares in the company" in a private transaction. It's not worded in the way that you claim.
"only that a group of bussiness people bought all the preferred stock."
Although it's not worded like that I believe it should be.
Hands says that the group owns 100% of the preferred stock while Pillay says that no shareholder owns more than 20%, so if that's accurate then the group members own shares individually, so it really should be worded as you say although it wasn't. Also, the (people in the) group control the vote but don't own the company. Chances are we'll never know who owns what.
It clearly states all classes of shares. Voting rights represent a beneficial interest IMO. Yell louder.
Have a nice weekend here...
If you're that concerned about getting it "straightened out" then you can simply explain it.
As I said- I'd put anything in the Ibox that someone said was directly from Tom Hands. I don't have time to mess with inferences that someone called him which seems to be exactly what we have now.
You asked me to contact him and post what he said, yet you won't do that same? Why would that be?
I'm out early- have a great weekend.
Yet they still naked short every day. Riiiight.
"there seems to be some confusion about ownership and voting powers"
There's no confusion over the fact that the PR said that a group owned 100% of the preferred shares and then Pillay recently said that no shareholder owned any more than 20%. Voting rights aren't an issue as far as those two statements are concerned-it's a question of who owns the company and how.
If you believe differently then please explain, perhaps you will enlighten us.
Given their comment regarding the SEC, my guess would be that they sought out council from the SEC and the SEC informed them of Pino's involvement with PYCT and they thought it might be worth a shot.
In his answer Pillay made it clear that Pino (and no one else) had a majority ownership in the company therefore making their attempts at collecting very unlikely IMO.
What's funny is that they ended up forcing Pillay's hand at divulging the ownership issue which of course should be of great interest to shareholders.
Not much to say IMO. It was pretty clear as being an old Pino issue that the party is hoping to collect in the event that Pino is still attached to PYCT in some way.
IMO he's not so they won't- end of story.
"received multiple private messages from "you know what group"
Interesting. Most everyone who has been accused of being part of "that group" are free members and can't send private messages.
Link to the question they asked and I'll be happy to address is on the board if I can.
"you know what group"
Interesting. Most everyone who has been accused of being part of "that group" are free members and can't send private messages.
"I thought you was the person that picks and chooses what sticky notes went on the board"
I am, and everything that's up there is directly from the company. If there is confusion on what they've said then it's their job to clarify- not mine. Once they address the issue then I'll modify as needed.
Hard to tell. Remember Pillay's claim that he had all of the banking relationships in place for Paychest? Whatever happened to those?
He didn't write the creative PRs that Pino did but he's just as bad at making up stories.
Naw, fishy is when the company and the transfer agent have the same woman on the answering machine. lol
What memories we have here on the PYCT board...
Yes I am presently a shareholder but no, I don't have any particular concern if the company succeeds or not as 1) I have no control over what they are and what they do and 2) I never hold expectations as to the success of any pinksheet company I've ever bought.
I considered the money laid out here as gone the day I did it, so if I never see it again it doesn't bother me. That's why I can rely on facts (what few are actually known) and don't need to ignore the negatives and rely on conspiracy theories that make no sense.
" if you wait and see and this is misleading then it could damage the company"
If what is misleading?! The information provided from PYCT?
Since when am I moderator for company information?
"i know you lean toward the negative side all the time but lets be fair here."
So I'm not being fair because I don't care to call and talk to Tom Hands when everyone else on the board has the same ability to do so? C'mon now... moderating the board has nothing to do with completing due diligence upon request.
Personally I don't feel I'd receive a response regarding this, or if I do it won't be one that makes sense. From past posts regarding Hands, it doesn't appear that he likes answering the tough questions, and quite frankly I doubt he even knows what the real story is.
I find it hard to believe that no one here has contacted Hands about this, it's really a big issue. I suppose if it goes on long enough with no feedback I'll give it a try. Given a bit of time I assume they're try and produce an explanation- I'm willing to wait to see what they come up with.
Point well taken, LOL. What I meant was something from someone whom I actually believed contacted the company instead of pretending to do so. Way too many times we get the inferences that someone contacted the company but when pressed they skirt the topic making it all too obvious that thy're not being truthful.
If someone were to flat out state that they'd received feedback from the company then I'd post that.
Of course IMO it would be no more believable than what we already have. No matter what- it does not appear that there is anyone new controlling the company although PYCT clearly said there was.
If I end up being wrong I'll be the first to admit it.
I'll update the board with anything provided by a reliable source.
That's up to individuals whether or not they believe that. Personally I do as I don't think Pino was in any condition for some time to be involved with the company.
This one will be switched over to the new symbol.
It's not a thought- it's a fact that has indeed been confirmed with IR.
Why didn't you do the same before making your claim?
PayChest Inc. Flushaway Progress Report
http://ih.advfn.com/p.php?pid=nmona&cb=1252983861&article=39283927&symbol=NO^PYCT
HONG KONG -- (Marketwire) -- 09/01/09 -- PayChest Inc. (Arizona) (PINKSHEETS: PYCT).
Paychest Inc. announces that trial production has produced samples of Flushaway during August as originally planned. These samples will now commence tests for a) heat & humidity tolerance and b) extended shelf life.
These tests will be carried out in parallel and are on schedule to complete at the end of October.
New unforeseen production options were also identified during the trial production that were not explored due to time constraints. The Company is extending the trial production to validate these new options and anticipates these samples may also enter the test phase. It is expected this additional sampling will not affect the overall timeframe for completing the trial samples and subsequent tests.
The samples will be put through the following set of tests:
-- Test A is for human trials under high temperature & high humidity
conditions.
-- Test B will simulate an extended shelf life.
Assuming the successful outcome of both tests, that will execute simultaneously and last up to eight weeks, the new generation of Flushaway will be a validated product, allowing samples to be released, and that can proceed to the next stage preparing for full scale commercial production.
Samples from the trial production that pass the tests and are excess to test requirements will be available for shareholders, investors, and new distributors that the Company has identified, or expects to recognize as a distributor of this innovative product.
This is a new generation of product and these dates are a guide to completion as there are many variables in the trial production and testing phases.
Completing these milestones would follow more than a year's testing and redesigning of the product that was previously sold in Wal-Mart, K-Mart and other retailers around the world.
About PayChest (Arizona)
PayChest, a global marketing company and developer of technology solutions and its strategic partner companies, market and distribute select products and services worldwide, which provide an increased public awareness to conserve and preserve the world's limited resources.
About the proposed dividend PayChest (Oregon)
PayChest and its strategic partner companies are developing integrated commerce processing solutions utilizing cutting edge technologies to deliver in store, online and mobile solutions globally. These include turnkey point of sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment platforms and rewards-based platforms to integrate into an existing business system.
Safe Harbor Statement
The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," "can" or comparable terminology are intended to identify forward-looking statements.
These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.
Contact:
PayChest, Inc.
Investor Relations
1-877-525-5170
ir@paychest.com
www.flushaway.com
Thanks for the input. It's not my fault the facts don't paint a bright picture of this company, sorry.
WITH PYCT YOU CAN'T INGORE THE FUTURE
With PYCT you can't ignore that Pillay has admitted that there is no Asian investment group that owns 100% of the preferred shares.
"EXPLAIN the 20 people SCREAMING "NO SHORT""
Hmmm... experience with pinksheet stocks, common sense, not willing to listen to baseless theories. Easy explanations.
Meanwhile there is only one person making up all sorts of garbage about the supposed huge naked short position and a UK domain that has nothing to do with this company.
Correct, and I personally doubt that he is. However the company in question indicated that the SEC implied to some degree that he still is therefore they felt like it could be worth taking a shot at PYCT to gain what is owed to them.
Sometimes stuff like that makes the truth come out as it apparently has here.