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I repeat, Oh my.
Oh my.
LOL
MYEC
Because our profit margins are going to shake the foundations of what was thought to be possible. The program is all automated, meaning our operational costs are going to be ABSURDLY low compared to anyone else. Trust us, they can more than afford that rate.
The volume of transactions is going to be unprecedented IMO.
MYEC
NET PROFIT $1 MIL and EXPLODING
MYEC
Not a chance of subpenny. Id sell my car if we got that low without any dilution.
Still holding. Hoping to add a bunch more later this year. I think the price will be accomodating for a few more quarters IMO.
Long and strong
GPSI
No, he doesnt have a copy on file. And the post is what many of us saw, but heard second hand from others the survey was legit. Did u look at any of the conversation around that post?
It was from last year, and it was probably a sample size survey. Its pretty specific with its payments solutions. Its like they wanted to kill two birds, seeing what their percentages were while also testing the MYEC waters.
Its telling if you ask me!
All due respect to those companies, but we are looking at maybe the future VISA AND Mastercard AND and and and...
We are essentially the gatekeepers to an entirely new financial instrument. Credit cards are their own instrument, as are bank savings accounts, obviously, etc. We have a patent for a specific niche when it comes to all the worldy ways of "moving money and doing commerce". but the exclusive instant electronic capabilities basically redefine the parameters of what the best possible solution is for *multiple* payment areas, including our so called niche. So were all like "sure we dont have a patent on moving money every single way, but weve got a patent on the scientifically best way for our specific niche. it just so happens its exactly what most of the rest of the people who move money are going to want too. And all of them are going to have to pay a small fee to get it, causing our patented niche in the market to grow some more with each deal that gets inked.... Repeat a couple thousand times, take a moment to reflect, and repeat again. and as we get a cut of each transaction we will grow not only as our partners customers make the switch over time, but also as our customers do and as the world does. When you are the guys getting paid to move the money, and a computer does it for you, the more of it there is the better for us ;)
MYEC
Yea, the shareholder get togethers, both during and after, are going to be special times indeed IMO.
MYEC
True, but that possibility is occuring right now with each processed transaction. As far the third party insurance, however that would work, they sure as heck arent doing it for free. MYEC would eat that cost and thensome, so why bring a middleman in for that part of the process when MYEC can get business insurance directly from a provider if they so choose....but given their nonexistant fraud thusfar theyd be better off self insuring like some businesses do....otherwise its money down the drain. Even the VISAs of the world write off huge amounts of their fraud chargebacks because its not worth it to pursue for scraps.
But they do house their stuff at QTS, so in a sense they do have a third party already involved in that process. Id assume the app developers are working out of their rented space at the QTS site, and they and Ed update each other on the particulars, with the devlopers importing any specialized materials and linking them up. Jmo of course.
But from what I gather MYEC never handles the money, so they wouldnt be liable for account theft. Any stolen money would be coming directly out of a bank account, as MYECs transactions are instant, so the banks would be liable id think.....besides, if a crook tried moving money through myec after hacking in to the accounts mainframe thered be a paper trail of where the money was sent in real time. Is anyone that stupid to risk having the heat on your azz in potentially minutes if someone catches it right away??
Yea, what would he do if he sold? Sit there on a beach all day and rott forever, all the while watching his company boost the share price of some giganto conglomerate or financial group. It may also allow those who are currently in power to keep seizing their grip on anything they can get their hands on that is deemed of strategic importance to their already ginormous bank accounts and political motives. He, like many, are forward thinkers fed up with the apalling status quo his industry and ALL society is stuck in. And please, no one insert any government blame names here ;)
I think Ed realizes enough of what hell be able to accomplish with the type of resources hes looking at that he wont dream of giving it up. Sure he could make tens of billions in a deal and make that money work, but he knows the company trying tobuy him plans to make ALOT more than whatever they are offering, so trying that tack is an epic fail.
Ironically, the more Ed gets offered the more tightly hell probably grasp his company. He may hand off roles in some capacity at some point, but I think hell always be on the board and have the controlling interest. This company can run itself aside from processing new accounts and someother mundane tasks. It has the best possible product already and anyone on his team will have the knowledge to improve wherever possible, if possible.
The potential for the type of wholesale change he wants to make for society in his life, all those inner voices, will have alot of room to operate in the real world very soon. To me thats THE dream come true, not walking away with less and trying to replace the unreplaceable because its easier or safer or someone elses definition of an amazing business deal.
MYEC
My guess is the app is ludicrously straight forward when it comes to making it. The functionality isnt that complex IMO, except for the new addon techs like biometrics or whatever. But the app shouldnt have that many levels of coding to need outside assistance to a degree that would compromise Eds ability to do it exactly how he wants. JMO. The developers hes hired likely have the general skills for both design and functionality of moving some digits around and sending other packets of data. If they needed a third parry thats just another set of eyes overthinking a fairly simple solution.
They managed to do 3.0 without any serious outside help or capital. Cant imagine apps being that much more complex or expensive is all. Even random programmers make entire video game apps.
MYEC
Yup. Thing is, the consequences of not joining up with MYEC are so painfully obvious to even the most novice person, that when a handful of big names come online the rest will surely start giving in to the benefits at an ever quickening pace. And with the barriers to entry so ridiculously minimal on MYECS end it truly comes down to what each client must do, and that control and certainty are what businesses love.
Lowers fraud to zero or nero zero, and removes bucketloads of uncertainty when it comes to tracking *anything* involving moving money, from invoices to payrolls, etc. And we all know MONEY rules the day, which means MYEC will quickly bolt to the top of peoples lists once they do hear about us. "i can save/make how much by doing what? Thats it? Holy smokes I wish all choices in life were this obvious and fruitful!"
Doesnt stop me ;)
It was from last year sometime and was limited in scope I think. Sample size type deal IMO.
To me that survey was just an ill conceived fishing expedition by someone with Paypal to see what kind of market penetration MYEC had been achieving up to that point. They essentially tipped their hand that MYEC is on their radar for one reason or another, and thats the glorious takeaway IMO.
But they can use the "results" for any number of future moves, including trying to lower the price on a buyout offer if it came back with a likely absurdly low penetration rate (as if Eds a robot who would let any skewed irrelevant data be used against him). It also could just be them hamhandedly putting to rest someones fears on the inside that MYEC is a serious "threat" or player to be concerned with now, and the "yea whatev" crowd in power compromises by doing the "see i told you" survey. Or maybe they got hit with a few dozen emails from shareholders or whoever suggesting they use MYEC and that was their intense DD on the subject.
"as long as MYEC poses no immediate concern to our profitability we dont care about them and dont need to plan for the possibility and the issue is settled. Good job sweeping it under the rug team."
Yup. Why would Ed sell when HE can be the one doing the buyouts of entities in a few years.
Ive been tending to address these questions with the blanket statement that literally any merchant or business is a good idea. If it came down to it Ed could (or has) spend some money and research a list, any semi educated list, of all businesses, industries, whatever, that have the most transaction volume. Then you start from the top and work your way down.
Thats a pretty one dimensional and primitive method. Theyll likely be pulling in clients as fast as they can sign em within the near future. IE, theyll becoming to us instead of us trying to find them. When it makes sense to do both things operationally they will, but just picking a random industry and focusing on it is just that, random, when your profitability can come from aannnyyywhhhheeerrree.
Its a mind blower to grasp for sure. Its so improbable. Yet entirely possible here with MYEC.
I guess going forward, to anyone who asks "hey has Ed ever thought of targeting _____?" the answer is "yes", followed sometimes by the equivalent of "but thats just one piece of one type of pie. Were looking at all kinds of pies pretty much equally, but our focus is on are those who offer us triple rich chocolate wedding size..."
Ok ive derailed. End post.
MYEC
Indeed. Good informative banter with Slappy. Paints a realistic picture of the implications and such.
That Intuit article was posted before. Its clear to me that is going to be a huge contract.
Another million+ volume day. Some smart peeps be accumulating.
Good synopsis. Covered it all IMO.
Alrighty then. ;)
If you go apples to apples and factor in the reverse split, I think we came to it being $5-$7 a share being the equivalent. Thats a market cap in tens of billions even back then, albeit briefly. Once we show auditeds with another quarter or two of growth sub dollar may very well become a thing of the past. When it goes its gonna go soooo hard IMO.
MYEC
Probably. I think they are for the big boys which means they can do anything.
Dunno. Honestly wonder if MAXM was shorting this thing. Coulda swore they were around on the bid when we went deep red a week or two back. I guess well know if suddenly a bunch of red shows up, or if we see a jump in pps.
Yup. Busting .05 was an amazing day. I threw my ipad and walked away for a few minutes cuz of overload.
Im extremely patient. Anyone who suggests i need to be patient or relax is gonna get a relaxing dropkick across the message board ;) I have very little emotional response to the goings on now. Its just a tinge of short term boredom. The possibility of shorting going on is what really gets my noodles boiling. Or something.
MYEC
This week just started brah!
Yup. Totally possible. Maybe even likely. I keep feeling well get a pleasant upside suprise though. Been spinnin our wheels and if we get any traction at all we could move up and test the 52 week high.
I dont see our dime break until something significant occurs. I guess thats whyi think we should be a little bit further up the ladder churning. Perhaps the way the chart is set if we break .06 or .065 well cruise straight to .09.
Excited to see what the new news is this week. VP of sales hire possibly?
Holy crap thats alot of sell volume compared to buys. Makes zero sense how that could happen in less than a couple hours on strong volume. Ah well.
Over $650k voly already today nice.
Yea, its almost a telltale sign were getting screwed with a bit. Sure its possible we dont blast off and never look back until auditeds or the next Q, but id expect to see slow and steady green days, not the fits and starts weve been getting. Volume hasnt tapered off or anything, and getting shaken out now would be just plain wierd.
Weve been getting news weekly for months. Its likely automatic we see news again this week.
Wierd. Yet not suprising. They probably shorted it right away and shadowed your buy lol.
Half a million bucks volume in an hour and were down lol. How silly. Just an inconvenience at most in the scheme of things.
I wish i had that power. Id be screaming a quarter all day long. It just seemed par for the course that they bear raid after they walked it down end of day friday too. Didnt expect to see this much volume on the move down though. Ridiculous to get that kind of cash flow and the price goes down...manufactured much? Looks like stops tripped and some shorting mixed in with some sells, but who knows. Peeps are snatching em up left and right tho.
MYEC
Trippin stop losses or what? Where do these extra weak hands spring up from lol.just doesnt make much sense when the float has been pretty tight. Gotta be a short raid IMO. But i got my call right lol.
Onward!
Looks like some shorting and short covering occuring now. Strong volume.