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check the daily short report! shorted on almost all shares now.
shorted 850000 shares yesterday.
http://regsho.finra.org/FORFshvol20151012.txt
20151012|PYCT|3000000|0|11490000|O
http://regsho.finra.org/FORFshvol20151124.txt
20151124|PYCT|850000|0|1152461|O
Can you short PYCT? According to interactive Brokers the answer is YES.
Symbol: PYCT
Availability: 650'000
Exchanges: PINK
https://www.interactivebrokers.com/en/index.php?f=4587&cntry=usa&tag=&ib_entity=llc&ln=&asset=&b=PUR&e=QLY
Got to love how MM are deliberately holding this stock from moving beyond .0002.
Hopefully the games will end soon.
Company is definitely for real, they have signed deals, hired employees, partnered with hospitals, and third party vendors, but they're dealing with high risk countries and that is the issue.
All they're waiting for is their first down payment from the Government of Guinea for the future success of this company.
Shares were increased to avoid hostile takeover and pay off debts.
Our authorized and unissued shares could possibly be used by management to oppose a hostile takeover attempt, delay or prevent changes of
control, or changes in or removal of management.
(1) Comprised of: approximately 371,666,667 shares for ADAR BAYS, LLC upon conversion of 55,000 of debt.
approximately 392,733,000 shares for EMA Financial, LLC upon conversion of $59,000 of debt.
approximately 346,666,667 shares for LG Capital Funding LLC upon conversion of $52,000 of debt.
approximately 378,661,467 shares for Typenex CoInvest, LLC upon conversion of $57,000 of debt.
approximately 406,513,333 shares for Vista Capital Investments, LLC upon conversion of $61,000 of debt.
approximately 234,952,400 shares for Cardinal Capital Group, Inc. upon conversion of $35,000 of debt.
approximately 170,064,400 shares for JMJ Financial upon conversion of $26,000 of debt.
approximately 650,000,000 shares for Union Capital upon conversion of $97,500 of debt.
Our authorized and unissued shares could possibly be used by management to oppose a hostile takeover attempt, delay or prevent changs of control, or changes in or removal of management.
This could include transactions that are favored by a majority of stockholders, or in which the stockholders might otherwise receive a premium for their shares over then-current market price, or benefit stockholders in some other
manner. Tender offers or other non-open market acquisitions of stock are usually made at prices above the prevailing market price. In
addition, acquisitions of stock by persons attempting to acquire control through market purchases may cause the market price of the stock to
reach levels that are higher than would otherwise be the case.
The available authorized and unissued shares of common stock gives the company the ability to cause a potential anti-takeover effect by
creating potential dilution to the number of outstanding shares. Such dilution will cause a party attempting a takeover to be required to buy
more shares of the company stock and to expend additional resources to accomplish a takeover
This is what we talk about? What patents?
Until company comes clean is speculation and Opinions only.
They been talking patents since 2008 and laugh date of 2011 and again 2014...what you say? I say call IR and report back here ...lol
Rant, rave complain how this company has done you wrong. Then explain how this helps anyone who's invested in this stock over the year. what is the benefits to this type of behaviors?
Why all the dumping, where is the news to confirm is over for $KALO?
Companies like people don't live in the past. We can use the past as a reference, but please try to focus on recent developments. It's being a long frustrating road to this point, and when I see reference to 2011 and before it makes me laugh.
I could be wrong but I think Kuraray taking over of plantic, and the upgrade of the film dissolving within minutes, and not one hour like before is huge.
The turning point IMO starts after November 2014.
PayChest Completes Designs for New Flushable & Biodegradable Adult Incontinence Product
http://www.marketwired.com/press-release/paychest-completes-designs-new-flushable-biodegradable-adult-incontinence-product-pinksheets-pyct-1963698.htm
FYI... the Q at the end of any stock means company is bankrupt.
APPC"Q" -> Bankrupt.
In my opinion they're obtaining film from a supplier based on March 13th, 2015 PR.
Meetings over recent months with our manufacturing partner, Xinpro Manufacturing, and their suppliers have validated production plans and contingencies in preparing for upcoming commercial production.
During a recent tour of the polymer film facility samples of the film were obtained and tested for strength, elasticity and thickness. The Company has asked for some modifications to the film to enhance product performance and this is currently in process.
why ask for modification if you own the company
http://www.marketwired.com/press-release/paychest-prepares-commercial-production-mibellar-flushable-womens-sanitary-pads-liners-otc-pink-pyct-2000171.htm
This is Kuraray Future Plans stated in report.
http://www.kuraray.co.jp/en/ir/library/pdf/explanation/150806_en.pdf
Full-Scale Expansion into Bio-Based Barrier Materials
• Acquired Australia-based Plantic Technologies, a global leader in the bio-based barrier film business, in April 2015
• Plantic developed PLANTIC barrier film, made with their specialized starch
• Use of PLANTIC film is expanding at major supermarkets and brand owners in Australia, North America and Europe in applications such as fresh and processed meats, fresh seafood and fresh pasta
• Approximately ¥3 billion in sales projected for FY2015, and aiming for ¥10 billion in three years
On a side note. Where is PYCT CEO from?
Poopscooper after this post I hope you have shares in PYCT. So lets begin.
To answer your question lets start with post #34936 and please mark this post!!
Melbourne’s Plantic Technologies is a company trying to commercialize a kind of cornstarch – based biodegradable plastic material, which they say will break down into carbon dioxide and sugar after contact with water in around an hour, says the Plantic’s managing chief and director, David MacInnes.
Plantic Technologies
http://www.packaging-gateway.com/projects/plantic-technologies-altona-melbourne-australia/
Plantic is 100% home compostable, fully biodegradable and water soluble. The material supports sealing, laser etching and printing. It is air and oil resistant. The product offers cost and environmental advantages in long-term.
Plantic was taken over by Kuraray TSE:KURRY
Kuraray was founded in 1926 for the purpose of commercializing synthetic rayon, which was cutting edge technology at the time. In 1950 during the post-World War II period, as Japan's first domestic producer of synthetic fiber based on original Japanese technologies, Kuraray became a world leader in the commercialization of PVA (poval) fiber under the KURALON brand, ushering in Japan's pioneering era in the chemical synthetic fiber industry.
Based on there Jan. to Jun. Earnings Presentation see Next-Generation Growth Model.
Kuraray Co. LTD
http://www.kuraray.co.jp/en/ir/library/pdf/explanation/150806_en.pdf
Next-Generation Growth Model
Acquisition of Australia-based Plantic Technologies Limited
? Aiming for full-scale expansion into bio-based barrier materials
My assumption is XINPRO is getting film material from Kuraray/Plantic.
I think what this PR is saying. PYCT production of product is behind schedule, and PYCT cannot continue to pay Cardiff the full amount promised for the use of the patent, until they're fully in production and generating revenue.
If this was a "scam" as some claims why would they not just fold the company and say hell with it all?
More pain more gain, and I am sure some has being suffers for a long time, but you'll will be rewards soon.
The reduction follows a renegotiation driven by PayChest having incurred cost and delay in implementing the Flushaway IP. New production processes and production technology required a much longer implementation period than was originally indicated and while the Licensor, Cardiff Bay Holdings, does not accept any liability they agreed to a reduction in costs to "facilitate (make easier) product commercialization (introducing a new product or production method into commerce—making it available on the market.)" of Mibella®.
At the Closing, UMS will also be the 100% owner of United Mobile Solutions, LLC, International Touch Point, LLC, and United Prepaid, LLC (individually and collectively the “Subsidiaries”). The business activities previously conducted and assets previously held by Elephante (IT) and Mobix Wireless shall be 100% owned by UMS at the Closing.
MOBIX
Since as early as 2004, Mobix Wireless Solutions (MWS) has been introducing innovative solutions to what began as Automatic Meter Reading (AMR) and transformed into Advanced Metering Infrastructure (AMI) and the Smart Grid. From the very beginning, Mobix has dedicated itself to provide the most advantageous and affordable two-way communication infrastructure to the industry. MWS wide experience in PLC and RF based solutions has lead to the realization that both technologies suffer from fundamental inherent flaws such as limited PLC coverage due to different phases and LV transformers, RF interferences and limited RF performance indoors.
In order to overcome those flaws customers need to spend more money and resources in costly location specific design and implementation. There is a bigger and continuous need to invest in hardware and network infrastructure as the environment dynamically changes.
In 2009, our research and development team introduced a solution in the form of a fused PLC and RF communications into a virtual Dynamic 3D network (n-DNetTM). This technology, a first of its kind, is patented. By dynamically combining these technologies into one virtual physical medium, each technology covers up for the other thus dramatically lowering cost of ownership, reducing the deployment and maintenance efforts and increasing reliability and scalability in a dramatic manner (Every physical link in the network is at least 3 times stronger (3Xspeed/distance/reliability). A network with stronger links has exponentially stronger performance in total).
Our products are available as a fully functional integrated AMI solutions as well as OEM modules to be easily integrated into our Partners solutions.
With offices in the USA, Brazil, Germany, Russia, China, Israel and the Czech Republic we are always close to our customers.
The World Bank Group’s response to the Ebola crisis is to help stop the spread of infections, improve public health systems throughout West Africa, and assist countries in coping with the economic impact—including by enabling trade, investment and employment in the countries.
Where we stand now...
As of Sept. 1,2015, the World Bank Group has mobilized US$1.62 billion in financing for Ebola response and recovery efforts to support the countries hardest hit by Ebola. This includes US$260 million for Guinea; US$385 million for Liberia and US$318 million for Sierra Leone. The US$1.62 billion total also includes US$1.17 billion from IDA, the World Bank Group’s fund for the poorest countries and at least US$450 million from IFC, a member of the World Bank Group, to enable trade, investment and employment in Guinea, Liberia and Sierra Leone.
http://www.worldbank.org/en/topic/health/brief/world-bank-group-ebola-fact-sheet
NEWS...
HONG KONG, CHINA -- ( Marketwired ) -- 11/20/15 -- Paychest, Inc. (OTC PINK: PYCT) wishes to announce that the Company has negotiated a 70% reduction in a key note payable reducing the amount due from $5,000,000 to $1,500,000 ; a reduction of $3,500,000 .
The note payable for acquiring the worldwide license and rights to Flushaway Intellectual Property (IP), know how and support is reduced effective September 30, 2015 and is reflected in the filings of the Company's 3 rd Quarter Financials.
The reduction follows a renegotiation driven by PayChest having incurred cost and delay in implementing the Flushaway IP. New production processes and production technology required a much longer implementation period than was originally indicated and while the Licensor, Cardiff Bay Holdings , does not accept any liability they agreed to a reduction in costs to "facilitate product commercialization" of Mibella®.
What is the end goal here? I would like to think I can make my own decisions without the constant repetitive narratives.
Pretty soon "hopefully" we'll have some idea where PYCT is going. So why don't we just let it play out. If it doesn't work so be it! It's not the end of the world for me by the least. We all know or should know Pink Sheet stocks under MM manipulation, lackluster CEO reporting requirement, and flimsy oversight from SE.. makes this a risky venture.
Based on Adanac numbers it looks like others have, and continue to invest in PYCT for his/her own reasons. Don't get me wrong its good to know what others think but sometimes enough is enough. Know when to say I got my point across without crying wolf all the time.
If we don't know how to limit ourselves pro or con, no-one listen after awhile.
2015 TRADING YTD========2,181,695,190 (as of 31/10/15)
2014 TRADING TOTAL======4,680,731,703
2013 TRADING TOTAL========453,081,159
2012 TRADING TOTAL======2,494,201,063
2011 TRADING TOTAL======5,781,026,801
2010 TRADING TOTAL======4,332,971,126
In respect of the Guinea Project, the Company has agreed with two third parties in Guinea to pay sales commissions for facilitating and securing the Contract with the Ministry of Health of the Republic of Guinea as follows:
$20,000,000, payable as to an advance of $300,000 immediately after the loan agreement for the Kallo MobileCare and RuralCare program is signed by the Minister of Finance of the Republic of Guinea and the remainder within 7 to 14 business days of receipt of payment for the Project by Kallo in proportion to the payments received by Kallo.
$4,000,000, payable within 7 to 14 business days of receipt of payment for the Project by Kallo in proportion to the payments received by Kallo. In addition, a performance incentive payment of $1,000,000 will be payable to three persons related to the third party in accordance to the same terms of payment described herein.
http://www.microcapdaily.com/looking-for-reversal-on-kallo-inc-otcmktskalo/113156/
Looks the the international community has no issue with providing funding to Guinea.
Link to EU Funding to Guinea
International development partners pledged today over 1 billion Euros to support Guinea-Bissau’s social and economic development. The funding will support the Government’s Development Strategy Plan, Terra Ranka (meaning a fresh start), which aims to ensure long-term sustainable development, consolidate peace and stability, and increase economic growth.
In a round-table co-organized by the Government of Guinea-Bissau, the United Nations Development Programme (UNDP) and the European Union (EU), support and financial resources were mobilized for the implementation of the Strategic and Operational Development Plan of the Government of Guinea-Bissau for the next five years.
International partners such as the World Bank, the Africa development Bank, the African Union (AU), the Economic Community of West African States (ECOWAS), and the Community of Portuguese Language Countries (CPLP) also contributed to organize the conference. The meeting was attended by key bilateral partners of Guinea Bissau such as the USA, Brazil, the UK, France, Spain, Portugal, Canada or China, multilateral organizations such as Global partnership for Education, global funds such as the Global Fund to Fight AIDS, Tuberculosis and Malaria (GFATM) took part in the conference.
Its government. The most secure, but unpredictable source of funding.
Figure out which F.I. the 10Q is referring to and you'll have your answer, or wait!!
The Government of Guinea has been looking into securing funding for the Kallo Integrated Delivery System ("KIDS") for US$ 200,000,925 and a financial institution has come to the stage of agreeing on the terms requested by the Government of Guinea based on their acceptable economic framework for such projects. We expect the final documentation and implementation schedules between the financial institution and the Government of Guinea to be completed shortly, which would trigger the release of Kallo's down payment for the project initiation and production.
Kallo will either go boom or bust by December 13th. 10Q was very informative and here's why IMO.
The company has signed deals, with deals in the pipeline. If the Government of Guinea comes through with funding this puppy will run.
Company has done their part, just waiting for funding to start.
Investment..
For the last five fiscal years, starting January 2010, our management and board of directors have raised funds through a personal and professional network of investors. This has enabled product and business development, continued operations, and generation of customer interest. In order to continue operations, management has contemplated several options to raise capital and sustain operations in the next 12 months. These options include, debt and equity offers to existing shareholders, equity offers to independent investment professionals and an equity line of credit from Kodiak Capital Group LLC. Management's opinion is that the combination of the three options will enable continued operations for the next 12 months. There is no assurance that Kodiak Capital Group LLC will supply us with additional money and our existing shareholders are under no legal duty to provide us with additional financing nor have our shareholders committed to provide us with additional financing. Management believes that the Company can be generating revenue in the next 1-3 months and any additional funding can be met through one of the three options mentioned.
We have entered into an agreement with Kodiak Capital Group, LLC., a Delaware limited liability company ("Kodiak") whereby we have the right to "put" to Kodiak up to $2,000,000 in our shares of common stock. In connection therewith, we have filed a Form S-1 registration statement with the Securities and Exchange Commission registering for sale up to 50,000,000 shares of our common stock with 35,000,000 shares still outstanding at September 30, 2015. Our previous arrangement with Kodiak expired in April 2014, but, on July 15, 2014, the Company and Kodiak Capital Group, LLC amended the investment agreement to extend the agreement through December 31, 2015. Based upon the current price of our common stock, we believe that if Kodiak purchases the remaining 35,000,000 shares of common stock, we will only receive approximately $10,500.
Signed and awaiting first payment from Government of Guinea.
On January 23, 2014, we announced the signing of a US$200,000,925 (Two Hundred million nine hundred and twenty-five US dollars) Supply Contract with the Ministry of Health and Public Hygiene of the Republic Of Guinea.
Under the Supply Contract, Kallo will implement an Integrated healthcare delivery solution for the Republic of Guinea. The components of the solution include, MobileCare, RuralCare, Hospital Information Systems, Telehealth Systems, Pharmacy Information, disaster management, air and surface patient transportation systems and clinical training.
The Government of Guinea has been looking into securing funding for the Kallo Integrated Delivery System ("KIDS") for US$ 200,000,925 and a financial institution has come to the stage of agreeing on the terms requested by the Government of Guinea based on their acceptable economic framework for such projects. We expect the final documentation and implementation schedules between the financial institution and the Government of Guinea to be completed shortly, which would trigger the release of Kallo's down payment for the project initiation and production.
Deals in the works...
Ghana
In addition to the Memorandum of Understanding signed on November 20, 2012, we are actively perusing the following opportunities:
Request for proposal dated October 20th, 2015 for one Independent Health Center for the supply and installation of Medical equipment with decision expected by November 30, 2015. Approximate value of $1.5M.
Request for proposal dated October 27th, 2015 for supply and installation of Biomedical equipment for multiple existing hospitals for the Ministry of Health. Proposal to be submitted with expected decision by November 30th, 2015. Approximate value of $60M
Chad
Two alternative proposals both submitted on August 16, 2015 for either 12 Mobile Clinics or 1 Rural clinic to the Minister of National Security. The proposals are currently in the review phase with the Government of Chad with a follow up meeting still to be determined. Approximate value is either $196M or $112M dependent on which proposal is accepted.
Cameroon
Proposal submitted on August 12, 2015 was approved by the Minister of Health and has been escalated to the Prime Minister's office to initiate Memorandum of Understanding process. Expected duration of MOU process is 2 months. Value is still to be determined dependent on scope.
Costs Associated with the Plan of Operations
Currently under the plan of operations, we have expenses towards twenty full time resources, including engineers, applications specialist, and project and operations managers. We have completed the product development phase for Electronic Medical Records system, Mobile Clinics, Rural Poly Clinics and Clinical Command Centers. Our efforts are focused in commercializing these technologies and generating revenue which in turn will sustain the Company and enable further development of our other owned copyrighted technologies.
Long articles but I found it very interesting on why and how market makers operate, and what to expect and do if PYCT or any OTC stock starts to move north.
https://www.reddit.com/r/weedstocks/comments/1xydch/market_maker_speaks_out_ways_of_a_market_maker/
Market Maker Speaks Out: Ways of a Market Maker 10:08 PM Learn, Story
I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."
Market Maker's Operating Procedure
The savvy long-term investors never chase stocks up. For the most part that is momentum players and daytraders where most of it or what follows is dumb money. Instead the long-term investors use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading against the public mind or the dumb money. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. However the second is not to doubt the research which is the underlying basis for going long and holding.
More and more investors are winning the game nowadays despite all bashers that float through the Internet that has become part of the game. Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price.
MMs follow a simple code of business when making a market in a stock especially an OTC BB. That is the level that stocks will seek that yields the most volume. Now this is very important because they make money on the volume buying at the bid and selling at the ask. In other words, by making the market they are buying low and selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $83 or at $0.23. All they care about is the action thus being able to sell stock at the offer (The high) and buy stock at the bid (The low). To increase their profitability, they make the spread as great as possible on as many shares as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy and sells to get the maximum action. Remember, MMs play the volume. If the volume decreases and there are mostly Buys that become a one way volume, Buy volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there that they can and then comes the pullback one way or another naturally or induced. During the pull back they can buy tons of shares and flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see
The average price is the point where a stock seeks a level where MMs can profit on the most volume. So during the day that is the price that MMs and momentum/day traders want to see the stock at. Why? Because they know the public and dumb money was chasing the price thing up. Most of the time, the MMs love a flurry of Market Orders which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them. Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance they get and the NASD is not going to do anything about it. They are merely making the market liquid is there reasoning.
The market makers have created an added complication to the OTCBB's chaos of the already volatile intra-day price movements created by dumb money, momentum and day-traders. MMs can not relate to long-term holders in the OTC BB. That makes absolutely no sense what so ever. They feel a large percentage of trades in the OTC BB market consist of short-term or day-trades, MMs merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMs feel or rather know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop.
Now somewhat comfortable with this logic the MMs merely short sells into the buying and attempts to take the stock down in an effort to "shake out" the weak. Since it is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMs. What the long-termers do to a stock is surprise the MMs because instead of falling the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy campers. The investors and traders are supposed to be doing that no them. Now it becomes time to pull out every trick and tactic in the book in order to attempt to get a Bear Raid at every dollar mark or percent from where the stock started. Could be a penny in smaller priced securities? What MMs do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMs short position so they let it go to the next level. Now come more deliberate tactics MMs use to coerce Bear Raid or panic selling.
Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB. They start accumulating and buying comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of collusion designed to fix quotes or spreads, but a recent SEC investigation tells another story.
MMs have a vast resource of tactics and it would take probably more than my lifetime to figure them all out.
So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB vs the MMs, if the MMs have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence.
However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper.
The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company.Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs.
This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin.
Robotics with enhanced senses.
Full report can be found here..
http://www.mckinsey.com/insights/business_technology/disruptive_technologies
Disruptive technologies: Advances that will transform life, business, and the global economy, a report from the McKinsey Global Institute, cuts through the noise and identifies 12 technologies that could drive truly massive economic transformations and disruptions in the coming years. The report also looks at exactly how these technologies could change our world, as well as their benefits and challenges, and offers guidelines to help leaders from businesses and other institutions respond.
Advanced robotics—that is, increasingly capable robots or robotic tools, with enhanced “senses,” dexterity, and intelligence—can take on tasks once thought too delicate or uneconomical to automate. These technologies can also generate significant societal benefits, including robotic surgical systems that make procedures less invasive, as well as robotic prosthetics and “exoskeletons” that restore functions of amputees and the elderly.
MM is providing resistance. They paid 12 cent to keep the price at .0002.
600x.0002= .12
As much as I would like to debate GROC accomplishments with you. It would be a waste of my time, for I don't have time for your type of IHub nonsensical snipe hunt bashing posts.
..Crunch - I see you're up to your old trick again, but it's all good because GROC can talk the talk, and walk the walk, and all you have is B.S. conjuncture.
GROC Highlights just in-case you forgot
The world's oldest autonomous mobile robotics engineering company
As the world's oldest autonomous mobile robotics engineering company, with over 30 years of pioneering experience, Cyberworks has again revolutionized autonomous robotic vision and guidance systems, this time redefining the way industrial space will be cleaned.
We were the pioneers in this massive market.
25 years ago Cyberworks worked with major companies in this industry to manufacture and sell Autonomous Robots for Industrial cleaning" added Burhanpukar. In the United States alone, commercial cleaning is a $25 billion dollar a year "invisible niche industry" where 50% of costs are attributable to labor. Said Burhanpurkar, "We are not interested in the consumer market where products like Roomba dominate. The industrial market is a totally different animal and we know the major multinational players within it." "We created this market, in Partnership with leading industrial companies, when we developed the world's first industrial robotic sweeper and the technology we have today is once again years ahead of the competition. Industry participants will now be able to retro-fit the Cyberworks Guidance System into existing fielded equipment, creating an inexpensive robotics machine"
Research grant from the Government of Canada
Mr. Burhanpurkar further commented, "These research grants are exceptionally difficult to come by. This is yet another validation of the leadership position of Cyberworks within the global research community."
Collaboration with the University of Waterloo.
The grant will fund a scientific collaboration between the University of Waterloo and Cyberworks for the development of advanced autonomous path planning technology and will apply the results of past research on planetary rover technologies as well as new areas of mathematics to non-Boustrophedon Path Planning for Cyberworks' next generation of autonomous navigation guidance systems.
You do not get invited to the NYSE if these were real concerns..
Global Equity International, Inc. (OTCQB: GEQU) and its fully-owned subsidiary Global Equity Partners, Plc., a business consulting services firm to small and medium sized businesses worldwide, today announced that Peter James Smith, CEO, and Enzo Taddei, Chief Financial Officer of Global Equity International, Inc. will travel to New York for one week commencing November 16th 2015.
The purpose of this business trip is as follows:
1. Management has been invited to attend a session on the trading floor of the NYSE on Tuesday, November 17th 2015.
2. During their stay in New York, management will meet with various parties and professionals in the USA that are instrumental to the execution of the transactions currently being worked on behalf of company´s clients.
A Breakthrough in vision and guidance
Nov 12, 2015 2:23 AM EST
The new enhanced 3D Guidance System is based on RGBD sensing technology that combines the low cost of ultrasonics with the high precision of machine vision.
Existing ultrasonic sensing suffers from various problems such as loss of signal due to reflection and poor angular resolution. In human terms it’s similar to being legally blind, whereas our enhanced 3D Guidance system is like having 20/20 vision. This profound difference enables machines and robots using our Enhanced 3D Guidance Systems to now navigate with a level of precision in crowded environments that is currently impossible for competitors using ultrasonics or 2D lasers.
Once the Cyberworks Guidance System is customized to a particular model of equipment, like a manual floor scrubber or power wheelchair, it will allow for wide-spread retro-fitting to create fully autonomous robots.
Commenting on the technology Mr. Burhanpurkar, President of Cyberworks “for years we have had the brains for our Guidance System and now we have the Vision to complete the product offering.”
looks like NITE and CDEL is the main players shorting GROC daily.
Stock down to .0078 as predicted. Manipulation/shorting of GROC still in effect.
Indeed..mm are having a field day shorting GROC.
short EOD, then cover every morning. That is the pattern I have being observing.
Tomorrow morning we'll see GROC back to .0082 to cover shorts from today.
Its amazing how some supposed investors harbour consistent objection to anything PYCT says or does. They're beyond reproach IMO, just like to bring up the old days of PYCT struggles to get to this point.
Control Your Emotions
The biggest obstacle to stock market profits is an inability to control one’s emotions.
Two options with company name change in the works
1. R/S then increase the AS, but highly unlikely because you will have to go through legal fees and FINRA approval twice.
2. Increase the A/S with name change in progress. Don't think they have any other choice like ..scooper indicated.
We'll find out soon.
NEW policy as of NOV. 4TH, 2015 Quarterly Report
NOTE 5. FUTURE STOCK CONSIDERATIONS
Management is aware that Preferred B shares, if converted, would result in issued common shares exceeding the current
authorized limit. Management will address this in the near future
OLD POLICY
NOTE 5. FUTURE STOCK CONSIDERATIONS
The general shareholder consensus is to avoid a reverse stock split. Management concurs because it reduces shareholder value and confidence. Management will not use a reverse stock split to consolidate the issued shares. The consolidation will be achieved through further negotiation, share swap, buyback and other positive means. However, a reverse split will be necessary when PayChest is ready to advance to a higher trading exchange, such as the Nasdaq.
http://www.sec.gov/investor/pubs/regsho.htm
D. Are short sales legal?
Although the vast majority of short sales are legal, abusive short sale practices are illegal. For example, it is prohibited for any person to engage in a series of transactions in order to create actual or apparent active trading in a security or to depress the price of a security for the purpose of inducing the purchase or sale of the security by others. Thus, short sales effected to manipulate the price of a stock are prohibited.
How does someone define abusive? because that is why TALK is moving down...
With DTC chill twice imposed on them. I don't see see them raising the AS.
Also note from annual report.
NOTE 5. FUTURE STOCK CONSIDERATIONS
The general shareholder consensus is to avoid a reverse stock split. Management concurs because it reduces shareholder value and confidence. Management will not use a reverse stock split to consolidate the issued shares. The consolidation will be achieved through further negotiation, share swap, buyback and other positive means. However, a reverse split will be necessary when PayChest is ready to advance to a higher trading exchange, such as the Nasdaq.
Generally, investors must complete or settle their security transactions within three business days. This settlement cycle is known as “T+3,” shorthand for “trade date plus three days.”
T+3 means that when you buy a security, your payment must be received by your brokerage firm no later than three business days after the trade is executed. When you sell a security, you must deliver your securities, in certificated or electronic form, to your brokerage firm no later than three business days after the sale.
On Friday 86% of all shares traded was shorted, and need to be covered, hence stock down to .0002.
http://regsho.finra.org/FORFshvol20151102.txt
Date|Symbol|ShortVolume|ShortExemptVolume|TotalVolume|Market
2015-10-30|TALK|24436850|0|28207635|O
2015-11-02|TALK|2030911|0|18928444|O
According to Financials as of March 20015. Class B is not tradable
30-Mar-15 Issued & Outstanding Authorized Tradable
Common 27,685,264,936 29,000,000,000 Yes
Preferred Class A 100,000,000 100,000,000 No
Preferred Class B 1,100,000 800,000,000 No
Company has improved its balance sheet by converting $1,070,699 of current liabilities to Preferred B Shares.
A CEO that makes excuses for not getting the job done is not good. How many times I have heard next week. I will wait to see what happens, but for me anything after today is just noise. Nothing but a PR will get my attention now.