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Ever wonder wo the clowns really are?
The buyer or seller?
So far the seller by far not the clown.
Buying this 0001 has proven to be the clown move.
Fool by IR ,50+ pyct NR's and countless must have pyct 0001 promojobs has been the clown move.
I say contact lawyers and ask how legal this 2008 1st promo pigeonJob was...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=68155558
Especially this part...
For investors who now hold PYCT, this looks
like siginifcant step forward for the company.
For those who don’t yet hold the stock, there’s
still time to get on board. But don’t wait too
long. As the company begins to capitalize on
the market opportunity at hand and moves the
brand forward, and the Flushaway™ story gets
out, PYCT share prices will likely start to tick
up. .
Look at that incredible trade yesterday for a grand total of 1500 shares...lol...15cents!!!!
15cents....lol some tockDick needed out and another need to get in?
or shorted or someone sold fake 0001 paper
I never seen 15cents trade before...lol toooo funnnnny this dickdock dockdick company
2016/11/07 0.00010 0.00010 0.00010 0.00010 1,500 0.00010
2016/11/04 0.00010 0.00010 0.00010 0.00010 - 0.00010
2016/11/03 - - - - - -
2016/11/02 0.000010 0.00010 0.000010 0.00010 35,000 0.00010
Someone has made money on the IR buy recommendations.
Adanac's figures show good volume ,an average of 4B shares trading a year for an 7year average.
pyct has done a marvelous job getting pigeons to buy since flying stateside in 2008
Too bad Q reports don't show exact $$ on just how much pyct spent on IR services and promojobs.
but at 5k a month for 8years(90months) gives one a good idea...lol
The definitely had a good recipe for that pigeon soup and working overtime on some still...dick tick tick...dick
they had many beliving they were secretly producing and stock piling inventory and some now belive they on gag order...lol me thinks pyct are genious
Thats very funny...lol
I very happy not owning any of this paper and so are the ones that didn't fall for the BS on this and all other BB promoting this must buy ticktock paper
Hope you don't own tooo much of this dickdocked paper
seems like some drank too much of that IR pigeon soup.
What IR telling you lately?
OMG>>>the sample...the shareholder samples
Buddy if this product, this 18year old story dream paper selling story had any merit a major would of stepped in and made it happen way back in its long history.Instead it has collected dust for 10 years...lol
The product was in Walmarts for 6months...I'm sure the major players in the industry had this product land on their desks...lol...especially when fired a warning shot across the corporate bows of the likes of Proctor & Gamble and Johnson & Johnson...read promopump job link of 2005
the Big 3 saw this product and saw no potential otherwise for 2/3M$ pocket change,anyone of them they could of made a move on this 50B$ year product...lol
it a great story and a great story that continued to sell paper stateside with a nice serving of warm pigeon soup.
Hopefully you didn't buy tooo much wall paper.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=42684385
FINANCIAL ProfileSecond Quarter, 2005 Symbol: TSX-V CES... ..... ing re-formulated; and growing attention fromthe media, Ecoprogress has scored with all fiveclassic marketing Ps—product, packaging,placement, pricing, and promotion.Reflecting this fact, the company’s stock charthas a pretty nice look to it. It’s a smooth look-ing rounded bottom chart formation withgood, primary support at the $C0.20 level.Resistance comes in around just below the 30-cent mark. A five-to-ten-cent gain should beeasy. A volume breakout above $C0.30 couldhave the stock up by as much as another 20cents.Longer term, the potential looks much greater.The fem-hy market alone is worth billionsannually, and distributors feel Flushawayscould quite easily surpass a five per cent marketshare. Any way you look at it, that kind of sce-nario will reward investors.Beyond fem-hy, Ecoprogress will foreseeablyenter other markets, notably adult inconti-nence, a growing segment that lacks any realcompetition characterized by existing brandrecognition and/or customer loyalty—so it’s apretty open field. There’s also the disposablediapers market,
OMG..The sample angle..yup good way to get pigeons too bite... Works everytime
Works just as good as the pigeon soup pyct IR has been serving since 2008....they should of gagged them for sure but then nobody would of bought pyct paper... Did you get the sample.... Lol
http://www.siliconinvestor.com/readmsgs.aspx?subjectid=24257&msgnum=42&batchsize=10&batchtype=Next
Credibility is very important to PYCT shareholders. Ask Trum what GreenGainer's stated about PYCT...lol
Ask shareholders that called Tom Hands what He stated about pyct...lol
and what he saying now....lol....tooo funny
The product has recently undergone a design change to make a better performing and vastly cheaper product. When production recommences, samples of the FlushawayTM brand of products will be sent to all shareholders on our shareholder list.
We will endeavour to move the new business model forward and maximize shareholder value and this being said the company remains fully committed to no reverse split for the company shares for the foreseeable future. If you have any questions or would like to be included on our e-mail list for future news releases, please do not hesitate to call our toll free line or contact us by e-mail. All calls and e-mails will be responded to in a timely fashion.
Yours Sincerely
PayChest Inc.
Tom Hands
PayChest IR
PYCT Cover letter
PayChest Inc.
Room 1206-7, 12/F, New Victory House
93-103 Wing Lok Street, Central, Hong Kong
Toll Free 1-877-525-5170
E-Mail: ir@paychest.com
Website: www.flushaway.com
June 10, 2008
ALSO DO YOU PLAY THE FIDDLE?
CALL IR LATELY?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=123473727
pyct 2008 first email blast to shareholders and the world
Cost 5K to attract new pigeons.
This was a job well done at least IR phones were working to discuss pyct and the Big3 takeover...lol
For investors who now hold PYCT, this looks
like siginifcant step forward for the company.
For those who don’t yet hold the stock, there’s
still time to get on board. But don’t wait too
long. As the company begins to capitalize on
the market opportunity at hand and moves the
brand forward, and the Flushaway™ story gets
out, PYCT share prices will likely start to tick
up. .
Flushaway’s™ first entry into the market, one
that has consistently met with consumer satis-
faction, is a line of feminine hygiene products.
While the product has been proven environ-
mentally sound, underlined by official recogni-
tion from the Canadian government, the fact
that women can flush spent items makes it
uniquely convenient. So while its green appeal
may help Flushaway™ pull a five point share
of a $10.0 billion annual market, its conven-
ience appeal should help it build a much
stronger following. Industry insiders have esti-
mated up to a 20-point share.
The basic design of the Flushaway™ product
has been tested in two more key product lines:
the adult protective under-garment and the
disposable infant diaper—both flushable and
both biodegradable. Combined, those market
amount to another $20 billion, bringing the
What PayChest brings to the table is simple.
It’s a US-listed public company with a large
shareholder base and the ability to raise capital
needed to make Flushaway™ a competitive
brand.
PayChest shareholders should be clamoring to
have their company raise additional cash now
to leverage the multi-billion dollar
Flushaway™ opportunity.
With adequate funding behind the brand,
PayChest can capitalize on an opportunity that
has been more than a decade in development.
PayChest shareholders look to be in the right
place at the right time to benefit when this
brand does finally succeed. And it looks like
that time is close at hand.
Properly funded, Flushaway™ can establish
reliable, cost-efficient manufacturing and
wholelale facilities, and launch a national scale
ad/promo campaign.
We think these are the only two practical steps
between Flushaway™ today and a massive win
for investors.
For investors who now hold PYCT, this looks
like siginifcant step forward for the company.
For those who don’t yet hold the stock, there’s
still time to get on board. But don’t wait too
long. As the company begins to capitalize on
the market opportunity at hand and moves the
brand forward, and the Flushaway™ story gets
out, PYCT share prices will likely start to tick
up. .
Right so GreenGainers put out a must buy on pyct 0001 paper the line was cut off/not working /disconected..So there was no one to talk too at GreenGainers office to discuss pyct and that buy recommendation they had broadcast...
Ask Trum what GreenGainer's stated about PYCT when he talked to them on the phone. It's funny when everyone tried to call back on the same phone number Trum stated and that he called. The line was disconnected!
So basically they were hoping pigeons just buy 0001 paper without doing any DD at all...So what you are saying is that contact info was all BS and that nobody was able to talk to GGreenGainers about pyct...lol what a stupid PumpJob and waste of money
CONTACT INFORMATION
GreenGainers.com
Editor
702-942-3416
greengainers@gmail.com
www.greengainers.com
http://www.marketwired.com/press-release/thursday-morning-watch-list-camelot-entertainment-group-inc-dragon-capital-corp-new-1355956.htm
OMG!!! The GreenGainer pump hypejob...lol
I wonder who paid for that one?
LOL...The shorts?
or PYCT?
The shorts need pigeons to buy this then in 2010 Now 2016 and back in 2008 when pyct first few south from Canada looking for pigeons.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56845671
http://www.marketwired.com/press-release/thursday-morning-watch-list-camelot-entertainment-group-inc-dragon-capital-corp-new-1355956.htm
They seem to be nowhere to be found only active in 2010 for a promojobs/pumpjobs...hope you didn't buy tooo much of the pumpup pigeonjob promojob?
http://www.huntlawgrp.com/sec-law/finra-form-15c2-11-filings
Yah it will be interesting if they fill in all the blanks!!!
In the event of a recent change of control, provide details related to how, when and from whom the control persons of the issuer gained control of the issuer. Please indicate all parties involved, how they were introduced, the nature of their involvement, and any consideration paid.
•
Is the Issuer working with any consultants or public relations firms? If yes, provide compensation exchanged (to date and future), dates of service, services provided, and any services that are expected to be provided by the in the future.
•
Provide any consulting and /or secrecy agreements
Rule 15c2-11
The closest parallel to the 15c2-11 application process is the registration process itself. In order to submit a 15c2-11 application to FINRA, the Issuer (the public company) works with a Market Maker in cooperation with Rule 15c2-11.
The purpose of the Rule 15c2-11 application is to ensure that the Market Maker possesses sufficient information pertaining to the securities they intend to quote and also that they have completed thorough due diligence on an Issuer before initiating quotation on their securities. Rule 15c2-11 holds Market Makers responsible for making all relevant due diligence information publicly available.
Market Maker
A Market Maker is a FINRA member firm that uses their own capital, research, retail and systems resources to represent a stock and compete with each other to buy and sell the stocks they represent. There are over 500 member firms that act as FINRA Market Makers. Each Market Maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the Market Maker will immediately purchase for or sell from its own inventory, or seek the other side of the trade until it is executed, often in a matter of seconds.
Issuer Works with Market Maker
The Issuer provides disclosure information to a Market Maker who in turns files such information with the FINRA. The 15c2-11 application is then assigned to a specific FINRA representative who then may or may not comment on the information provided by the Market Maker. Once all questions have been answered and FINRA is satisfied that the Market Maker is equipped with adequate disclosure information pertaining to the Issuer, FINRA subsequently clears the 15c2-11 application and the Issuer's securities can be quoted and traded.
The same 15c2-11 application process is used to whether Issuers desire to be quoted on the Pink Sheets or the Bulletin Board (OTCBB). Once FINRA has approved the 15c2-11 application submitted by the Market Maker, the security is considered to be “piggyback qualified,” meaning that other Market Makers may rely upon, and base their quotes on the due diligence on the primary Market Maker who worked with FINRA on the Issuer’s 15c2-11 application.
15C-211 form for PYCT??
LOL...pyct played a nice pigeon move with that that 15C-211 story.
Here read what IR said..This report is 44 pages and is similar to a 15c211 information document. The document will come will a legal opinion letter from an attorney.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=73325989
Instead of filing the proper form they filed ...lol a 44page pigeon report.
The lawyer thought that that was enough to bring them current...they were current for half day.
They have done a masterful job on keep the shareholders pigeonated
92 months of MM selling or anyone else selling takes promo work to get buyers...pyct has done a pro job in that department
92 months at 5000k? (or more) a month for pyct IR was money well spent to get pigeons.
They have not executed one promised/stated thing in 92 months...lol not even the dreaded RS
what a great clownjob they have executed...they must be still having a chuckle
Anyway talk to TommyBoy lately?
do say hello
adanac Wednesday, 09/14/16 09:32:34 AM
Re: None
Post #
118029
of 118154 Go
92 MONTHS (27,538,630,602) OF MM SELLING
TOTALS ON "SELL SIDE" SINCE 01/01/09
NITE====14,723,396,536=====54%
VFIN=====2,622,625,606=====09%-----ONLY 50K OCT/12-JAN/14
DOMS====3,663,912,023=====13%------LAST IN DEC/10
CSTI====2,560,714,876=====08%
VNDM====1,435,797,441=====05%
ETRF====1,088,762,080=====04%
ETMM======422,073,745=====02%
CDEL======666,889,116=====02%
HDSN======191,828,973=====<1%------LAST IN FEB/12
OTHERS====162,630,206=====<1%
yah right the MM's moving 2bucks worth of paper to make this look like there is volume...
Right and they been drinking to much clownjuice.
The MMs also have placed a .25 cent ask just so the pigeons can dream
Looks like we were right about the clowns at pyct... Looks like the shorts were also right to keep shorting... Lol even shorting at 0000001
Easy money
LOL..shorts must thank pyct and IR for the memorable 8year pro job they did promoting to get 0001 buyers
Maybe next time shorts should pay the 500K$ for pyct IR
8years of answering a cell phone
They just don't stop the clown con job on the pigeons
Some got pigeonated hard!
8 years of pyct promises and 72M shares traded.
Nice little business they gots going.
Maybe they should call IR for a fresh batch of pigeon soup
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=125145858
poopscooper Wednesday, 09/14/16 01:58:16 PM
Re: adanac post# 118029
Post #
118030
of 118084 Go
92 MONTHS (27,538,630,602) OF MM SELLING
Yes!!! selling and all possible thanks to the 2 IR's that pyct paid to promote this must have stock du jour...
any idea what 92 MONTHS cost pyct for the 2 IR's they hired to get targets to buy the 0001 paper
simply amazing how much of nothing they accomplished in 8 years.
can you imagine this technology has been collecting dust for 8 years and 2 years with CES...
how great could it have been?
Just a good story to sell paper?
IR loved this story sooo much they brought it state side and served it with warm pigeon soup
That right Lemon!!How reliable is Paychest management? No reason for any short to cover
No reason for them to cover even when pyct announced breaking news they just kept on shorting into excited buying interest created by NRs and pyct IR blahblah...the shorts took full advantage of the 0001 buying
seem like the more IR promoted the more some (Dumpers,Shorters,Fakepaper) took advantage of the 0001 buying...
seem like they DSFers should foot the IR bill
Who really care about the shorts or short reports when one has been waiting 8 years for pyct to make a napkin!!
When pyct announced production starting or has started 4x through official company NR's...
announced orders...announced soooo many things and have done none...who real care of the shorts???
talk about misdirection...when you call IR do they talk shorts
are they blaming shorts for the BS they talk?
if there are shorts? dumpers? or fake paper sellers they are the genius not the monkeys who call pyct for the latest info...lol since 2008 they been working pyct IR answering phones selling dream story
And....what does that post have to do with pyct?
Again maybe that post is also off topic?
Lol.....tooo funny
again only a clown would short 0001 paper
the short theory will remain unproven and then there is the clownjob theory!!
That was proven to be true...pyct got plenty clowns
" naked shorting of penny stocks like PYCT does exists."
One has to be a real idiot to short 0001 paper
or one has too be well informed to short or sell fake paper.
well inform like real close to the deal,real close to pyct upperbrass to know 100% thats it real safe to short or sell paper fake paper.
My guess they no idiots they well informed
NAKED SHORTS CAN’T STAY NAKED FOREVER?????
should this post be considered as off topic?
8+ years of no proof, no links to proof, nothing to back up this naked short blablah here and on 4 other BB is plenty proof that it's BS.
and/or the means to get pigeons to buy 0001 paper?
Can you post something to sopport the claim that pyct is naked shorted?
I agree that it is possible someone is selling/dumping or shorting or selling naked short pyct paper
and has been for 8years...but need proof
someone knew squat would happen and safe too selling/dump or short or sell naked short
maybe a IR could help uncover this mystery?....or some of the BB pumpers?
What are the chances IR posted on BB's? on the 4-5 BB's that discussed pyct?
The real story has already happened.
For you it has happened twice on both sides of the border.
They brought that old Flushaway story stateside and for 8 years milked it dry.
For 8 years a paid IR promoted 0001 paper while someone sold, while someone shorted while someone sold fake paper...choose one or combination of all 3 possible scenarios
that for 8 years 99% of all trades was at 0001 and under
Someone was making money and happy getting 0001 and 0002 was a bonus
All this made possible by a very capable and professional paid pyct IR pigeonjob.
finally no more noise from the company or the pumpers here on this story
and finally no interest no volume
finally true everything
took 8 years but finally no more people losing money
no lemon you will never see a 0002 bid..lol maybe for a minute
they happy with 0001 all day all week all decade long...who are the THEY shorters? pumpers/dumpers or fake paper sellers
again they whoever they are need an IR working to get a 0001 buyer
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72372827
The clownjob is simply amazing.
always a bid and always an ask yet no volume
0001 bid 0001 ask
What a clownjob...8 year clown job for some
Paychest, Inc. (PL) (PYCT)
0.0001 ? 0.0 (0.00%)
Volume: 0 @- ET
Bid Ask Day's Range
0.0001 0.0001 - - -
last update was may2014 imagine people that bought into the IR story/hype/promojob/pigeonjob and are still waiting for a sign of life from them...lol what a bunch of scammers?
Who the clown now?
http://ih.advfn.com/p.php?pid=news&symbol=NO%5EPYCT
lol...try 1year and 3months ago
"According to the company, the lawyer filed several documents yesterday pertaining to the name change"
This took place on the 27th of October 2015
Not sure who the clowns are...the IR callers or IR?
Posted by : AndyBadger Posted on: 11/7/2015 @ 12:45:58 PM
Name change is underway as outlined by the email from Tom, "According to the company, the lawyer filed several documents yesterday pertaining to the name change"
This took place on the 27th of October 11 days ago... which means we are well into the 2 to 4 week average timeframe to complete approval from FINRA.
Regarding the filing, its my understanding that the 1 million in debt being converted may have been a requirement from the new lender and the 500k loan was not part of the 1 million exiting debt.
To get the past lenders to all agree must have taken a significant amount of time and as AZ corp will expire very soon due to the resignation (at the direction of management) of the statutory agent, I think the name change and announcement of commercial production can well be announced/executed within 2015.
The bulk of the 500k is to begin production, and its safe to assume the company has ample orders worldwide, revenue will be generated asap and no further borrowing should have to take place.
IMO
The dumb dumbs that shorted this must be VERY, VERY EXCITED to see a real company emerging and doing everything correctly as it were a big board stock.
The company has indicated at some time they may move to a higher exchange.
Have a nice SHORT weekend.
LOL
IR was masterful in getting
92 MONTHS (27,538,630,602) of pigeons buying
Many can't believe that in 8 years they have done absolutely nothing with this technology...some still think they selling in South Africa some still believe they stock piling inventory in some warehouse
Some finally believe this was/ is an illusion
I always knew it was another PigeonJob
Pigeonation
FINANCIAL ProfileSecond Quarter, 2005 Symbol: TSX-V CES... ..... ing re-formulated; and growing attention fromthe media, Ecoprogress has scored with all fiveclassic marketing Ps—product, packaging,placement, pricing, and promotion.Reflecting this fact, the company’s stock charthas a pretty nice look to it. It’s a smooth look-ing rounded bottom chart formation withgood, primary support at the $C0.20 level.Resistance comes in around just below the 30-cent mark. A five-to-ten-cent gain should beeasy. A volume breakout above $C0.30 couldhave the stock up by as much as another 20cents.Longer term, the potential looks much greater.The fem-hy market alone is worth billionsannually, and distributors feel Flushawayscould quite easily surpass a five per cent marketshare. Any way you look at it, that kind of sce-nario will reward investors.Beyond fem-hy, Ecoprogress will foreseeablyenter other markets, notably adult inconti-nence, a growing segment that lacks any realcompetition characterized by existing brandrecognition and/or customer loyalty—so it’s apretty open field.
Consolidated Ecoprogress Technologies Inc.
350-789 W Pender St.Vancouver, BCV6C 1H2
IR contact: Tom Hands
For investors who now hold PYCT, this looks
like siginifcant step forward for the company.
For those who don’t yet hold the stock, there’s
still time to get on board. But don’t wait too
long. As the company begins to capitalize on
the market opportunity at hand and moves the
brand forward, and the Flushaway™ story gets
out, PYCT share prices will likely start to tick
up. .
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44135629
5K is a number I used for ballpark figure... 10K$ a month is what IR usually charge in BC/Canada.
CES paid 10k a month for IR
Tom Hands was IR for CES 2004-08
I doubt TommyBoy worked for less then half the usual charge
lol...for 8years TommyBoy was and still is the only voice behind Paychest.
He was and did all-everything sales,production,IR and stock promotion
he did a memorable job getting 0001 buyers in the USA
Whoever was dumping thanks him very much
Whoever was selling fake shares or shorting also thank him very much
All selling made possible thanks to the many targets the touched...
92 MONTHS (27,538,630,602) OF MM SELLING
TOTALS ON "SELL SIDE" SINCE 01/01/09
Investor relations agreement
The company has entered into a consulting agreement for investor relations services, dated effective July 1, 2004, with KCrew Communications Inc. of Vancouver, B.C. The agreement was for a term of three months, but has been renewed for an additional three months, expiring on Dec. 31, 2004. The sole shareholder of KCrew is Raymond Szeto. The services to be provided by KCrew include certain administrative duties, shareholder communications, preparing promotional and multimedia material, and investor relations services.
In consideration of KCrew providing the investor relations services to the company, KCrew will receive a fee of $10,000 per month for each month of the agreement, for a total fee of $60,000.
General
92 MONTHS (27,538,630,602) OF MM SELLING
Yes!!! selling and all possible thanks to the 2 IR's that pyct paid to promote this must have stock du jour...
any idea what 92 MONTHS cost pyct for the 2 IR's they hired to get targets to buy the 0001 paper
simply amazing how much of nothing they accomplished in 8 years.
can you imagine this technology has been collecting dust for 8 years and 2 years with CES...
how great could it have been?
Just a good story to sell paper?
IR loved this story sooo much they brought it state side and served it with warm pigeon soup
There has been plenty A and B shares issued...these shares not affected by a RS
Yes I agree
New story, new direction , same players,new pigeons,same soup
There plenty A and B shares issued these shares not affected by a RS
New story new direction same players different pigeons
Its once again time for these pyct clowns to clarify what they have stated over the past 8years
afterall the same players were demanded At the request of the TSX Venture Exchange (the "Exchange"), Consolidated Ecoprogress Technology Inc. (the "Company") wishes to clarify and update what was stated
this technology, this patented product has managed to collect dust for over a decade but that pigeon soup has remained warm...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29186699
https://www.google.ca/search?q=pyct+clarifation&rlz=1C1PRFA_enCA450&oq=pyct+clarifation&aqs=chrome..69i57.7489j0j7&sourceid=chrome&ie=UTF-8#q=pyct+clarification
http://www.siliconinvestor.com/readmsgs.aspx?subjectid=56460&msgnum=35&batchsize=10&batchtype=Next
why sell pads when cheww got a juicy story to selldump/sell short or sell fake paper or all 3
chewww just need to get bites
since 2008 IR has been promoting serving warm pigeon soup buybuybuy For those who don’t yet hold the stock, there’s
still time to get on board. But don’t wait too
long.
8years later not one word about pads anymore...lol real pros I tell you real pros but the soup is getting touch cold
we think these are the only two practical steps
between Flushaway™ today and a massive win
for investors.
For investors who now hold PYCT, this looks
like siginifcant step forward for the company.
For those who don’t yet hold the stock, there’s
still time to get on board. But don’t wait too
long. As the company begins to capitalize on
the market opportunity at hand and moves the
brand forward, and the Flushaway™ story gets
out, PYCT share prices will likely start to tick
up. .
good luck making profits when they happy selling 0001 paper all day/week and lol...decade long.
they chose pyct because they had 6500 email addresses to serve some warm pigeon soup too...good luck with that profit when someone making money selling/dumping/shorting and selling fake 0001 paper for a decade...lol
soup getting cold now time for new story ....soon come stay tuned
PayChest Inc. was chosen as the investment vehicle by the investment group for several reasons. First, the investment group inherits a large and very loyal shareholder base. The company has over 6500 shareholders and growing. Approximately 5000 shareholders hold 1 million shares or less. Studies have shown it can cost anywhere from $300 to $500 and more using market awareness programs to acquire a shareholder. This costly shareholder infrastructure was already in place. Secondly, the shares of the company trade publicly and are at historic lows. This allows for substantial upside in the company's share price in the future. The shares presently trade in the US micro-cap market (Pink Sheets) that is traditionally known for large trading volumes. The liquidity in the micro-cap market makes it much easier to obtain financing from investor groups going forward. In addition, there are substantial tax losses that can be carried forward sheltering future income and thus creating a tax savings. Lastly, the company had essentially a clean balance sheet
The Company maintains that a reverse split is detrimental to shareholder value.
The temporary increase in authorized capital does not change the Company's position when answering shareholders questions about a reverse split. The Company has stated many times and maintains that a reverse split is detrimental to shareholder value.
paychest-confirms-funding-completes-move-to-transfer-online-pinksheets-pyct-1561688.htm