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Nice to see that $400,000 in daily volume is considered a slow day. Thats a decent amount of investment dollars over time. Expect to see million dollar days returning shortly IMO.
MYEC
Solid finish today. Possible rise to .05 tomorrow IMO. Sellers have to be mostly dried up by now.
A true consolidation.
MYEC
Still confident you dont own shares here IMO. Anyone can see how your post history leans IMO.
LOL.a company that profited a million bucks in two quarters with minimal overhead, with 362% quarterly growth is worth 3 to 5 mil in your eyes? Ok, then dont buy. Lol.
MYEC
What disaster? MYEC is a profitable have revenue growth company already. Audited are coming as are even higher revenues. And less than a month till Q1 shows even higher revs.
Meh, lets call it a "push" ;)
MYEC
Ok. So you have proved you are telling the truth. Congrats. But calling anyone a hater is creating an adversary that isnt there in a strange attempt to be righteous. Some of us just prefer verified info, especially in light of some saying TD wasnt allowing buys.
MYEC
Someone shows this fella how so we can calm him down. Itd also be nice to see TD allowing buys for some reason.
Haha no I dont. The more bidders the merrier. For me its all BS until verified.
Cough. Bs. Cough cough.
MYEC
People are talking about it because it JUST came out. Itll be even more irrelevant than it is now in A couple days time. If you notice no one is saying its anissue they are making fun of how bad it is. Only you and another are spazzing out.
There arent going to be many weak hands left at this phase in the game. Many people have come a long way and know what they own.
"thousands of people". LOL.
But you can dream.
I really didnt care about the conference, or any conference. Itsjust networking, which is really a luxury to possibly link up a couple deals and get a little extra exposure. Judging from what Ed said as far as looking at only high volume accounts now, Id think theyve got enough things lined upto not need to go.
I speculated before that its likely Mr. Delgado has some contacts to exploit. The product part of this enterprise runs itself, so we dont need some overpriced hot name for what is likely routine leftovers.
As for not tracking down much DD elsewhere, remember this is a brand new reboot. The revenues prove we are just ramping up again. Thats why info is limited. But having INTUIT quickbooks on board is huge by itself. And I see PRs with new licensees, and thats all we need. Its only going to snowball.
Let us keep our balls made of eye on the prize.
MYEC
"most people" will sell because of a blog post like this? I find that presumptuous and wildly inaccurate IMO.
Who the heck is left here that is dumb enough to sell because of that drivel?
Less than a month till we get to see Q1 numbers correct?
If you care when 50 percent of your money disappears you shouldnt be in pennies IMO. When I buy in long I pretty much expect to take a 40-60 percent hit as it bleeds out. Thats when I average down. And when the rare gem explodes,like MYEC has started to, it produces exponential gains.
Its pretty much all or nothing, glory or failure as a Long in the OTC. Id get used to it.
MYEC
Oh man q3 is gonna be a wild time around these parts!
Nicely done.
Yup. Im curious if the auditeds come all at once, or if he staggers them. And if so does he wait until they are all done or does he let em go as they finish. Perhaps he sits on a couple then starts putting them out sothey are closer together. Ijust think even getting a year of auditeds out there will show this is no joke and could spark a run. But i think hell wait till they are all done then stagger them in a real tiny window, like two weeks.
I agree with everything but the share structure coming down. This was the equivalent of $5-$7 a share with this share structure, so we dont have to worry about thinking its too big. There are plenty of big boards with way way higher share structures. Were going to be just fine there, as our margins and profitability along with hyper growth are going to blast this for some time to come IMO.
"how are you going to attract new investors when articles like that come out"
By signing companies like INTUIT and MJ-Pay, and everyone else on the planet who wants the best payment system out there. By generating huge profits, of which they already have a seven figure sum. You know, by nailing the important things, and not sitting their whining about the past doing nothing.
Have you even read the DD? Not that it matters, dont think you r a real investor after all. Just waited till now to speak my mind on it.
Felt the need to really ram this sentiment home so you posted it twice six minutes apart from one another. You have shown your cards sir. Not that it wasnt that hard to spot from the beginning IMO.
MYEC
Its whether. And you are always the glass half empty guy. Why is that? And that guy doesnt have a huge following, and IMO thats good for him because anyone who reads the comments is gonna realize how off base that spaztastic post was. The sky is not falling because of "posts like that".
He never promised auditeds either.
In closing, I feel you should either think about coming back at the end of May or just selling and moving on. You seem to look for issues that arent there. Who gives a rip what the SP is now? Where it is a year or two or ten from now is what I care about.
Auditeds are coming, but they take time. Lots of time. Buy the cheapies and stay on board or best of luck to ya.
Jeepers creepers.
MYEC
Yup. Thing is, no one is going to have to be forced to do anything. Everyone is going to WANT this. Sure something like the fed putting new verbage in place will certainly speed things up, but IMO its just a matter of time anyhow before we have a market share that will make us feel weve won the lotto. But no lotto here, just home grown IHUB found stock at the right time. It will probably even help boost IHUBs profile a bit, the speed in which we will fly.
I gotcha. Just dont think, with some hope attached, it will be much of a fight. They may try some BS, but it would take some inconceivable Hail Mary for me to even get worried about the banks....a change of pace to be sure, rat bastids.
Would Ed license to them though? Does he want to give his product to that big of a player, or does he want to put them out of business? Clearly as ACHs backend wed make a ton of money but would we make buckets more by slowly eroding their market share? Maybe MYEC cant selectively turn down processors because itd risk monopoly? Or maybe MYEC charges ACH a billion dollars for the license so they dont want it? Or do they offer them the backend but slowly take market share anyway because ACHs markup ends up costing them? So many questions to ponder. Going to be fun watching it play out.
"NACHA and its members recognize that faster processing and settlement for the ACH Network is important to supporting end user needs as the payments landscape grows and changes,” the organization said in a statement e-mailed to Digital Transactions News. “The majority of voting members were in favor of Expedited Processing and Settlement, but NACHA did not receive the 75 percent positive vote that was needed for it to pass.” NACHA refuses to release the exact results of the balloting.
.....BUT not enough to do anything about it! LOL they are trying to have it both ways literally in back to back sentences. LOL. Doubletalk extraordinaire.
And why not release the voting? Because those who said NO dont want to be identified. They should suspect something is wrong with their thinking if they need to hide. Pathetic.
Pathetic. The "no" people are just those greedy resistant to change voices. They are everywhere indeed. They deserve their comeuppance. Thats why I want tl bein their offices if MYEC is ever mentioned. At the bare minimum theres gotta be a brave soul whose going to unwittingly bring it up.
Nonesense. Ed doesnt need to go through them to conduct business. Its painfully obvious to anyone in business how much better MYEC is on every level. Even INTUIT Quickbooks is on board already. The company overhead is almost nonexistant, so they dont need crazy revenues to see ridiculous profits. And as long as we are profiting nothing can be done.
we even have the patent, and the Fed referencing us, as well as addon patents from other big names.
The big banks arent invincible. Yes the majority of the time they impose their will, but its hard, likely impossible to stop the arc of justice, and MYEC is certainly is a ethical operation through and through.
Yup. Their upgrade will still be fundamentally inferior on all levels. Thats the beauty of MYEC. Let them upgrade incrementally all they want its still going to be inferior. Short of blatent infringing theres no way for MYEC to be beat. Even then they wont be beat, but rather temporarily reduce in a minority of their market share.
Makes me wonder if ACH wouldnt try to license MYECs tech for their backend LOL. Id love to be a fly on the wall of any discussion, during any conversation, from either company, at any time during THAT potential process. Potentially Akkkwwwaaarrrrdd.
Ugh, i thought Clockwork Orange was awful. Full Metal Jacket is pretty good though.
And yes, these issues have been definately beat to death...For those who spent many hours reading posts, reading and rereading all DD. Many people are just harmless passersby or those climbing up the learning curve as they expand their knowledge as longs....people dont need to know every detail to know its a solid investment. But some of those whohappen to say the wrong thing get moderately cut into for not a terribly good reason.
But Ive said myself id rather theboard be that way and keep the board honest than be too accomodating and let the crazies weasel there way in and talk in circles.
Indeed. This board strikes like cobras at anything resembling a negative... a lioness protecting her cubs from a bear. it can be blunt sometimes unfortunately. That doesnt make it right, but what can ya do. Dont take it personal ;)
MYEC
Ballz they both showed up now. Haha oh well.
I went back and retried but it said they review before they post. Not likely its going to get posted it was too logical lol.
Dangit. I just wrote a huge rebuttle and it got erased when i tried signing up. Dont know if i have the strength to do it again. Someone help me out lol.
LOL. What a blowhard. Takes him three paragraphs of trying to create a certain mood then unleashes with pure drivel! Yea dude there are competitors what a shock! And their numbers have sucked, another shock! And financials not being audited, another shock! Its what the future holds. And PROMOTIONS? Since when are company press releases promotions?????
What a spaz. If hes actually seripus about his integrity hell be drowning his sorrows in humble when this blasts re and hes left holding only his private parts and maybe some blazing hot short shares.
No doubt. But people dont automatically connect to the best option out there. Many of the Walmart crowd, aka many humans in general, are about whats easy and right in front of them. Walmart is main stream enough to capture at least some volume in this new space. If they are trying to sort it out within the stores themselves thats one thing. But if they are using a third party it stands to reason it might be us. To me thats more important. not if they wont get any customers, cuz they will, and every one counts. Im sure its possible people learn about MYEC when they use Walmart because of its Own new competitive advantage and are all like "i wonder if theres an even cheaper easier way to do this?"
Its for people who dont have bank account access, so they CANT use the MYEC app. If someone needed money out of state theyd have to wire this person Western Union for a big fee and rare locations. Or have Walmart do it for less and more convenience. Myec certainly fits the bill because the money can be moved quickly and verified, whether from a persons bank account or sending cash to cash.
Its sad to say, but a shocking number of Walmart customers AND employees dont have bank accounts. Also, it also makes a number, albeit small, of that group more likely to owe small amounts of cash. Heck, even some employees would probably move cash around town or out of state if they needed to.
Hmmm, thats possible too. Itd have to be cash to cash though. Cant use a credit card to send cash i dont think? Wonder if itd work that way with a check card? Starting to confuse myelf now, picked a bad time to smoke a J lol. But im sure theyd want to track it electronically to have a record, so maybe they just eat the backend cost for the prepackaged product MYEC has. Each Walmart has its own account number in the system, and badabing badaboom their done. And if the cash on hand doesnt measure up with the MYEC transfer, the third party foolproof verifier, then their bes a problemo.
Fun to speculate either way. The juicy ones we do get to see confirmed will be glorious days indeed!
"But there are some tradeoffs for the lower cost. The new Walmart fees only apply to money transfers inside the United States and for no more than $900."
I specifically asked Ed the question if international was in the cards, and he said there was too much on his plate to get at it, but looked to revisit in 6 months. Now, we have seen licensees with international capability, but I suspect they wont be using MYEC internationally until later on. This would certainly make MYEC a near perfect match for Walmarts pricing, speed, and US only access. And even if its slow to catch on at Walmart, its yet another huge name in the bag. And its friggen Walmart, itll be around for the forseeable future and it will eventually be a huge account. Come on say it is so! ;)
MYEC