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But if they have proof that there are fake shares (therefore a naked short position) then they can state so. They don't have to name names. They could make a blanket statement that says they found a HUGE NAKED SHORT POSITION and then explain the proof.
But of course they can't do this because this isn't the case.
The fake shares would be a huge negative issue and the company has clearly stated that those were all taken care of.
Why don't you listen to what the company has told you instead of making stuff up?
Have a nice DD-filled day.
PYCT might not even have known about it though. Remember- this is Pino we're talking about, he probably wasn't exactly the best bookkeeper. lol
But yes, they could easily make it go away if they wanted too.
" Lets say there are 4 private investors and each own 20%, "
Of course that could be the case, if so then 4 private investors owns the shares- not an "Investment Group".
With 4 different people owning stock then no one is in control of the company. The company led us to believe that a Group owned the shares and took control of the company.
"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 (as of April 2008)."
From PYCT's Corporate review -February 9,2009
"No shareholder of any class holds more than 20% of a beneficial interest in the corporation."
Lawson Pillay -August 10, 2009
I would think that they simply saw a possible opportunity to get their money (if indeed Pino is still involved with PYCT, which the company feels the SEC has suggested).
If they're right then they do have a shot, if they're wrong then it's a few bucks wasted. Unfortunately it's a small headache that PYCT will have to deal with- doesn't look like it will be an issue IMO.
"Why are you instigating something that has nothing to do with the company"
But didn't you hear? It's supposedly a conspiracy that a company close to the market makers is engaging in to bring down PYCT therefore resulting in them not having to cover their naked shorts. LOL
"No company can disclose NAKED SHORTS."
Do you have any basis whatsoever for this claim? The whole "and you know why" is a cop out that simply doesn't cut it.
If you have a basis for making a claim then let it be known- if there is no basis then think twice about what you're saying.
A company revealing a proven naked short would be a massive breakthrough in this glorious fight against the evil market makers. This "proof" could put an end to it and if it's the truth would not be actionable.
BTW- if the company confirmed to you that they own that website then just say so. If not then implying such is a bit silly.
Have a good evening.
You mean the online processing system that was supposedly "delayed" by the stock audit that was finished going on 2 1/2 years ago? LOL
I didn't remove it, and it may remain until I can verify one way or another with PYCT. In the meantime, refrain from giving directives.
Wrong company- off topic.
Not only that, but this company that did business with Pino is connected to the market makers now.
Why can't people just focus on the company instead of making up such ridiculous garbage?
"it's that "private" investment group."
According to Pillay there is no investment group that owns all of the preferred shares.
Yup, it sucks for PYCT and Pillay that their hand was forced in revealing the truth.
I love the claim about PYCT being a profitable company. Too funny.
When volume and trades increase in a stock the bigger market makers are going to participate. Why wouldn't they?
"oh and wait like 5years to file??? HAHAHA"
So if you are impying that they had a reason to file 5 years ago, then it obviously has nothing to do with a naked short position that (according to you) been accumulating over the past 4 years.
They simply want a shot at getting paid. What's bogus is the idea that they acutally think that PYCT has anything to offer them. LOL Silly them.
No, due diligence has already told me now. You should try it.
So the company has confirmed that they feel it has nothing to do with a supposed naked short position. Nice to know.
"The lawyer figures it was a company Pino had done business with privately and figured they would sue everybody and everything around him. "
So now Pillay is using the CES address in the PYCT filings. Why doesn't that surprise me?
You got that right!
No, there's no secret that it's a separate company that has nothing to do with Flushaway pads.
Why would you imply anything other than that?
"And I thought the asians have taken over"
Wow- looks like that group isn't really much of a group at all. No single entity is listed as a majority owner apparently.
That's not what we were led to believe.
If they don't need that corporation (as you've claimed) then the BK wouldn't make the company go away at all.
Or were you wrong and the company is still utilizing it? Given Pillay's input, it sure looks like they need it to me.
Just because you can enter an address doesn't mean that you're ordering anything. IMO it's simply a site that hasn't been used for a long time- they obviously don't care about updating it.
"Flush Away LTD. is for what?? HAHAHA : ))))))))"
Yes it's funny that it's been defunct since 2007, not to mention that the spelling is not even the same as Flushaway.
But yeah, top secret PYCT stuff there...
Nothing indicates the site is being worked on- it's simply not up. And what does Flush Away LTD. in the UK have to do with PYCT anyway? Not the same company.
Do your DD please.
"...the previous negative issues surrounding the company were completely resolved. Those issues include a previous SEC investigation and a full DTC (Depository Trust Company) stock audit"
A massive naked short position would qualify as a negative IMO so if the company says the negatives are resolved then they're resolved.
Anyone saying that they aren't indicates that the company is not being truthful.
If the company cannot disclose that information then I guess people should ignore those claiming that they know that the audit uncovered a huge naked short position. lol
Another insightful post. Most excellent.
"Did the AUDIT show a MASSIVE NAKED SHORT YES. Can the company disclose that information NO."
What in the world are you basing that on? LOL
What's funny is that you're implying that they have released that information to you by making the comment that you just did.
And if they can't (therefore didn't) release that info to you are you admitting that you're making it up?
"The product was sold nationwide via, infomercial, major retail chains including Wal-Mart, CVS and Walgreen's and historically reached total volume of 45 million dollars over a seven year period."
The volume of $45 million and infomercials don't apply to Flushaway as far as I know.
Then you should provide a link when you make a post that claims that you hold 2% of the float. A bit misleading.
I'll edit the sticky when you provide the link. TIA
I don't think so, as it should the focus remains on the company.
I doubt they're interested in trying to provide excuses for companies that don't bother to file and limit the information that they release to shareholders.
I guess it would only be fair to add the Pinksheets disclaimer to the Ibox.
Both sides deserve to be heard IMO. :)
I don't ignore it, I simply don't think that's the case here. The situation with the other Pino issue (the other stock he was involved with) is totally different. He had every right to issue the stock with MLON and PYCT, and there has been no evidence that he did anything wrong as far as issuing stock goes.
In fact, the whole "massive naked short" theory actually started with the accusation that Pino issue "fake shares" and was going to have to buy them back. When that story didn't pan out it then became the market makers that were the bad guys. Then the whole "they're going to have to cover because of the divy" was added, now it's "they're still shorting although they know they're going to have to cover soon".
When nonsense is the focus the story changes often, but when the facts are the focus the story doesn't need to change.
like when it was melon and just pyct, and with the split that makes it even greater short.
The split happened in early 2004 before Mario started his major pumping and before the major run in late 2004. I won't pretend to know off hand the volume before this but I guess you have that info. Just how many shares were traded in 2003 and 2004 before the split? The shorting would have taken place during this run with the covering after the fall back to .0001- this is how shorting works.
For your sake I hope you're not putting too much stock into any claims that posters have been counting the trades of a highly diluted company for the past 5 years and that's proof of a huge short position.
Either way GLTY.
Obama to mandate the use of Flushaway in the military?
Thanks to DCJR4107 for the input. Certainly deserving of a sticky.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41249308
"PYCT has been shorted naked for well over 40 billion shares and growing each day , at long last we have only one market maker left shorting on .0001 the others moved off as they know its nearing time for orders to be filled and their revolutionary green product to hit the shelves on several continents at once.
4 billion shares have been sold in 2009 and one billion just last month , IR has confirmed that no insiders have sold ANY shares and a small group of large investors that are not insiders are also not selling.The majority of shareholders could not fill these buy orders and its known their in at .0022ish so of course no one is selling as the first proudction run has been made and testing is well under way now.
2 things I an certain of , one the feminine care products the company has produced are already being requested by vendors as this product was already in major outlets and 2 this is going to be the mother of all short squeezes.
I hold over 2% of the float myself and have been very involved in watching the trades going by along with close contact with other major shareholders ...THIS IS NAKED SHORTED PERIOD!
Once this prints .0002 all hell will break loose , thats coming soon.
The samples are to mailled out to investors and vendors within weeks , the company has the money to execute this business plan , so no need to sell shares or accept the toxic financing still being offered by the brokers who are desperate for REAL shares.
Women will love this product as already demonstrated by studies , its green , it dosnt stink up their bathroom and its reported to be in the same price range as the antiquated products clogging up landfills worldwide.
The US military bought Flushaway products before and with this administration you can bet it will become mandatory. HERES MORE INFO ON PYCT http://www.flushaway.com/ Also This is the only pennystock to lower the float , conduct a third party share audit and not sell one share .
Contact Tom Hands with any questions http://www.flushaway.com/"
"i have done quite a bit of dd on pyct and understand there is a huge naked short of the stock"
The due diligence on PYCT does not point to a huge naked short position, nor does common sense. If it did then someone would be able to explain why a company like Knight would risk it's well being over a stock like PYCT.
Some here claim that Knight ad others are continuing to paint themselves into a corner that it will be impossible to get out of without explaining how it makes a bit of sense. They're supposedly violating the rules on a daily basis continuing to short a stock that is going to explode.
Common sense tell you that if a major market maker is indeed shorting this stock that they are doing so without fear of the stock price going up or ever having to cover. But yet a few posters on a message board know more about what's going on than they do although they have massive amounts of money on the line.
Any maker knows when a naked short position is going to have to cover, so if this were indeed the case with PYCT (supposedly due to the divy) then they would NOT still be naked shorting the stock- and they would not have done so for the past year since the divy was announced.
There is no due diligence that says that it's beneficial for a market maker to naked short this stock if indeed the stock was poised to skyrocket.
Well, the Paypal knock-off was supposed to make the PPS skyrocket "soon" as well- that was years ago.
If I recall correctly that was a "FACT" too.
The US military bought Flushaway products before and with this administration you can bet it will become mandatory.
No now Obama is going to mandate Flushaway? ROTF.... I think it's time the company released another warning about this kind of information.
Just let the company speak for itself, would you? LOL