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We won't be a Pink mid-October :)
Agreed...can't say it's running either way!
I set my price at the ask of .0105. It went through quickly at the bid of .0103.
Press Releases aren't showing in the IHUB feed...again. The last two have yet to show on E*Trade.
What's up with the news feed issues?
20% Short Sales*
Total Volume 105,778,530
Short Volume 20,098,760
Short Exempt Volume 800,000
http://regsho.finra.org/regsho-Index.html
*A Tweet by unnamed person:
"myec had an interesting conversation with Tangiers hedge fund today in San Diego. Starrs settled with shares back in 2011. They dumping !"
http://law.justia.com/cases/federal/district-courts/california/casdce/3:2010cv00816/321401/29
If the massive volume increase is partially related to convertible debt, albeit OLD debt, can someone confirm the number of shares "dumped" so we can subtract from total volume and calculate short sales without that number (aka daily norm)?
You know when the usual bashers feign "shock and awe" that there is a game going on.
Good thing MYEC has amazing revenue streams in play. They can and will weather any storm.
It's the nature of the "disruptive technology" beast!
WELCOME! I was wondering why you rich dudes from other places weren't in this one. Waiting for the big drop to buy, I assume!
Facebook postings involving shares
MAY 1
"We are fully committed to the success of the company and will not let up until we have reached our goals, from both a revenue and valuation perspective. The daily fluctuations in stock price are outside of our control and focus."
Like · 41 · May 1 at 12:46pm
MAY 20
"There is a discrepancy in the number of shares authorized for issue by MyECheck, and the number of shares that the Transfer Agent records indicate have been issued. We have used the Transfer Agent numbers which are the greater in our current report with the OTC, and have changed the 2013 annual report to reflect the Transfer Agent numbers. We are looking into the cause for the discrepancy and what, if anything, can be done to re-align the share structure to reflect only what MyECheck has authorized for issue."
JUNE 6
"There will be some new stock issued for employees as it vests over time, so small amounts of restricted stock in order to motivate employees. There may need to be some restructuring prior to any NASDAQ listing, we will evaluate what need to be done at that time. As the largest shareholder, I obviously have the largest interest in maintaining shareholder value, so I will only act in a way that will enhance shareholder value."
Like · 48 · June 6 at 10:06am
"Our goal is to qualify for NASDAQ ASAP"
Unlike · 58 · June 6 at 9:25am
JUNE 13
"...Shares of MYEC were issued without our authorization, we don't yet know what can be done about it, we assume they have been sold already but we are getting shareholder names to see if the stock is still out there somewhere we may be able to retrieve it."
Like · 15 · June 13 at 10:37am
JULY 18
"There has been no further dilution since we reported last, the share structure will be included in the audited financial reports."
Like · Reply · 20 · July 18 at 12:50pm
If every serious investor could vote to remove one MM, VFIN would win hands down, by a landslide.
Proof comes from those who analyze Level 2. I just read what they write on various boards, e.g., VFIN won't let it run (not the same thing as maintaining order in the market), or VFIN sits on bids.
I can't name user names and tickers--off topic as they say :)
MYEC is filing SEC Form 10 with their Audit.
This action demonstrates they do not want to "keep their OTC pink current status for whatever that's worth."
"The Company also announced that it is filing a Form 10 with the Securities and Exchange Commission to become a fully reporting company. Accompanying the Form 10 will be fully audited financial statements. The Form 10 filing, including the audited financials, will be available for download from http://www.otcmarkets.com/ once filed."
http://www.marketwatch.com/story/myecheck-reports-2nd-profitable-quarter-in-2014-2014-08-13
SEC deadline is today. Why would you want them to file on the 15th?
Wrong again Des!
June 13 Postings from MYEC's Facebook Page:
I'm looking for someone who has sold MYEC stock as a result of information posted by the paid basher on Investors Hub. Please PM or email me asap, thanks, Ed
Title 15, USC § 78i, makes unlawful the manipulation of security prices
MyECheck Reports 2nd Profitable Quarter in 2014
Aug 13, 2014 (ACCESSWIRE via COMTEX) -- Company Posts $182,281 Revenue, Grows Assets, Audits Financial Statements, Prepares Form 10 SEC Filing
FOLSOM, CA, United States / ACCESSWIRE / Aug 13, 2014 / MyECheck, Inc. (OTC PK: MYEC), the leading developer and licensor of electronic check services, today reported Q2 2014 results. For the three months ended June 30, 2014, total operating expenses for the 2nd quarter were $155,970 and gross profit from operations was $137,754
Cash at June 30 was $1,020,209 and assets including cash, accounts receivable and prepaid expenses were $1,725,335.
For the six months ended June 30, 2014, the Company incurred a net profit of $1,356,037, and as of June 30, 2014, had $1,020,209 cash and a working capital of $1,158,559.
During the period the Company hired and trained 9 new employees and 3 new independent contractors including an Executive Vice President of Operations and a Vice President of Sales & Marketing.
In the second quarter the Company leased a new corporate head office facility.
In Q2 2014 MyECheck entered into MyECheck Services Agreements with two important accounts, iCard1 and VX Gateway, both of these partners bring to the Company strategic value in addition to revenue.
The Company also announced that it is filing a Form 10 with the Securities and Exchange Commission to become a fully reporting company. Accompanying the Form 10 will be fully audited financial statements. The Form 10 filing, including the audited financials, will be available for download from http://www.otcmarkets.com/ once filed.
Key Objectives Completed During 2013/2014
We modernized our payment platform and developed new services to create multiple revenue streams.
We introduced and successfully deployed a software and patent sub-licensing revenue model.
We developed a person-to-person payment app that links consumer and merchant electronic bank accounts.
We provide a fully electronic funds transfer system for government use.
Most importantly, we shifted our focus from transactions originating on the Internet to mobile and recurring merchant payments.
Renewed a long term customer contract (Simplifile), providing them with solutions to continue to grow their business.
SOURCE: Disclosure Statement Q2 2014
MyEcheck’s Future
"Using its patented technology, MyEcheck is positioning the company as a significant participant in the mobile payments and banking industries. The company is extremely confident about our role in this emerging marketplace. We are ramping up our sales and marketing efforts and expect to realize solid growth during 2014 due to increased transaction revenue from current licensing agreements and services."
Source: Disclosure Statement Q2 2014
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=124843
Ed has stated earlier this summer that they wouldn't realize significant revenue until Q3/4.
Disclosure Statement Q2 2014
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=124843
TRTC LEGAL - Source is August 13 Press Release
In June the company announced they had recently become aware of potentially libelous statements made through multiple online sources. The company has identified the individuals and entities involved. The company subsequently retained Carl F. Schoeppl of the law firm Schoeppl & Burke P.A. to investigate the matter and to recommend appropriate legal options for the company. Mr. Schoeppl, is a former senior federal prosecutor with the United Sates Securities and Exchange Commission (SEC) Division of Enforcement. The company intends to protect their shareholders to the fullest extent permitted by law.
The company has attorneys, beyond the top patent attorney in the country, that know how to write a license agreement. Of course, there would be one specific to each product. They may be amendable based on circumstance.
We do know their enterprise software requires 10 million in MONTHLY revenue.
Smile!
They are dumping the TA for a reason. There could be a binding legal agreement.
This is positive news, that we don't have that albatross any more.
MYEC is making all the right moves.
43% of sales volume on August 12 was for short sales (securities that an INVESTOR has borrowed). This activity always results in PPS drops and is in addition to sales by day traders and investors.
The short sales volume data is contained in a daily short sale trade report. It is a separate reporting function than the bi-weekly reports that indicate SHORT POSITIONS taken by FIRMS.
Link to FINRA'S daily reports of short sale trades:
http://regsho.finra.org/regsho-Index.html - Use the ORF section at bottom for OTC tickers.
Link to FINRA's Rule 4560 report overview and lookup functions:
https://www.otcbb.com/asp/OTCE_Short_Interest.asp - Scroll to bottom if you wish to search by ticker or download files by settlement date.
Regarding Q10's, they are due August 14, not the 15th. Count 45 days from the last day of a quarter to get the due date.
Nevada MME Press Packet
http://health.nv.gov/MedicalMarijuana/MMEPressPacketFinal.pdf
"In early November, 2014, the results will be announced, and those applicants who are eligible for provisional certification will then work with the local jurisdictions for additional permits and licenses."
Nevada MME Press Packet
http://health.nv.gov/MedicalMarijuana/MMEPressPacketFinal.pdf
"In early November, 2014, the results will be announced, and those applicants who are eligible for provisional certification will then work with the local jurisdictions for additional permits and licenses."
These are valid concerns that serious investors may want to consider. Too many times I think about starting a position, and then don't because the PPS has nowhere to go until revenues flow.
Why did the company issue four Press Releases regarding one chamber if they cannot use the chamber until 2015?
05.30.14 Chamber comes off production line
07.29.14 Chamber is shipped from China
08.04.14 Chamber arrived in L.A.
08.11.14 Chamber arrived in Vegas
As stated previously, you can get up to speed on company messages on Facebook.
The audited fins go to the SEC first. There is a plan, a very good plan, that they are following, that we are not privy to, until the time is right.
Go long or lose out!
You can "Like" the company's Facebook page and read through the MYEC postings to get up to speed on plans and status changes.
This is August 11. It's tough to miss a deadline that hasn't arrived.
The company stated that we may not see them by August 15, that they go to the SEC first.
MYEC will report Q2 by Friday, as required, unless they file the appropriate SEC form.
They are compliant and wonderful and moving upward.
So many wonderful things are on the horizon for TRTC investors!
investfeed.com
Gotta love Bill's affiliations :)
http://investing.businessweek.com/research/stocks/people/relationship.asp?personId=1910786&ticker=MYDR
Nevada State Government is the "Source of Truth." Here's the link to FAQ's last updated on July 7, 2014:
http://www.health.nv.gov/MedicalMarijuana/MME_ApplicationQA.pdf
I searched on "cultivation" and found references to cultivation capacity on Page 37--the first row of the table. As has been the case all along, no one knows how the state will ensure demand is met. Local jurisdictions can expand or reduce their capacity requirements as needed.
The evaluation process is BLIND to identifying information. The background checks will uncover anything and everything of concern. If anyone can determine whether the last name a person uses is grounds for exclusion, it is the State of Nevada.
By now, I hope everyone who follows the Nevada process and this company recognizes that applicants must have permits and a state certification (in any order), and then receive a business license from local jurisdictions. No step is "worthless."
This MME process isn't about who does or does not get any one permit, it is about who has the business expertise to meet the needs of Nevada's cardholders.
National Institutes of Health signed exclusive agreement with KannaLife Sciences for use of the Feds Cannabis Patent. I guess this means they know cannabis has medicinal value.
http://www.kannalife.com/category/news
I read the quarterly report last May. I'm looking forward to reading about the progress since Q1 2014. I would rather wait a week than go into the past.
Onward and upward!
Stephen wrote that he would clarify their intentions.
13 Behaviors to Build and Restore Trust
Talk straight
Demonstrate respect
Create transparency
Right wrongs
Show loyalty
Deliver results
Get better
Confront reality
Clarify expectations
Practice accountability
Listen first
Keep commitments
Extend trust
Adapted from Speed of Trust, Stephen Covey
There was no intention to falsify information. The company responded with a tweet after you began these posts.
Whatever the situation, social media like Facebook and Twitter is not an appropriate avenue for due diligence unless the company leads the discussion. The harm is too often greater than the good.
Here is a current article worth reading. The Stanley brothers want to license their product to grow facilities. They have not made their decisions.
http://www.miamiherald.com/2014/07/12/4232330/family-creates-company-to-bring.html
ERBB can budget just like anyone else. It doesn't have to be an "all or nothing" big-bang moment.
Setting meaningful goals and achieving them one retirement/buyback lot at a time. That would enhance investor confidence.
Biz partner has "sleek" new website (a little plug for our fearless leader).
http://www.otcmarkets.com/stock/VAPO/news
People that follow this board know the PPS drops are a result of short sales running daily from 18% to 50% with a monthly average of around 25%. Today's short sales were 30%.
After the under-researched article published by USA Today, quality television reporters in Arizona provided Stephen the voice he deserved. Today the company announced the acquisition of patent rights for current and future state machines. The company was wise to slow down the Zazzz rollout while it implemented the patent piece of its strategic plan.
History is just that to serious investors--history. The CEO is well-respected by people who take time to meet him. Everyone that goes to the Tempe office walks away inspired.
The share structure has been discussed, will continue to be discussed. It hasn't kept people from buying shares for the long haul.
American Green will continue to surprise the doubters and reward the believers.
It's all good!
Today's short sales are .525% of volume.
Short Volume 846,727
Daily Volume 1,610,622
(initial report)
http://regsho.finra.org/regsho-Index.html
Shorts sold 31% of volume today.
The words "verbal agreement" are not in this press release. American Green has a top-notch attorney that knows how to ensure agreements of this magnitude are BINDING.
Quote:
"The company has entered into an agreement with Robert Tomassi, owner of intellectual property (IP) that pre-dates, and may supersede patents owned by competing companies operating in a similar market space.
Quick change operation, eh? That question has dual meaning :)