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Australia is now on board with PhotoSweep locations. That makes a relevant local presence with likely local participant ads. A PhotoSweepExit appears unlikely(?), further engaging a TTCM brand of products. Like USA, Australia even has indigenous peoples--and a lot of related scenic and memorable opportunities.
Sponsoring Relevant Local events, and whatever is creating more local Australian numbers.
Three apps so far, PhotoSweep Leading! Local Aussie marketing seems to be working(?)!
Africa Strategy--post Brexit, Trump, etc.: Looks better on Sunday, even better than last Friday(?)!
Year ago there was nothing. Now even Klickzie, soon(?)!
They had Amazon plus a retail channel, and a cruise lines channel. A filing notes that ITNS made Hensley Brothers stop Amazon, due to the Oasis problem. Probably Amazon itself is still in business(?), and possibly there is a record of the Hensley Brothers distribution channels. ITNS now calls itself a Distributor and Marketing, for example, so something may have become proprietary. That explains my two other posts.
In the older news tab, here on the IHUB informational site, there was discussion of Cruise Lines exposure a year ago. Is the original marketing plan announcement still intact, even if this link posting doesn't work?
http://itonisholdings.com/news?article=1551170c1b3a83
More Than Usual Money Now Coming In! Expenses soon covered! (Taxes now maybe next year!)
Tech is in place in Beverly Hills LA Superior Court Kiosk(s).
Beverly Hills Trusted Tech, available to Africa through MEC, for sale in Africa through Local Africa MEC: Should easily be noted in some public timeline, way unrelated to any NDA. Expecting(?) that nothing is expected to happen: Is something not credible.
Yowie Zowie Update! Money They Have, money they had, and money they expect to have! Bankruptcy, nowhere near, and likely no income tax liability until next year.
Year-To-Year is Plus for myec. Maybe a 1st Quarter report is near, being paid for(?). Noting: Maybe some changes need to be made in acquired management in Africa? Nothing at all is even suggested as being likely to happen, except maybe the one acquired possibility may happen soon, any time, soon, even soon(?). Usually a parent company can direct positive management changes, on behalf of creating overall progress. There are no reports of anything new being created.
IRS Potential likely needed clarification time.
Had Lots of Long-Term Receivables, within the last year--and still had technology up and running. That leaves time for something to report, mostly likely. Any report would. . . .(?)!
2016 @8X+ 2015 transactions easily, is also OK(?)!
The 2015, 91,000 total transactions, appear to have created 2015, $163,000 revenues? What $0.25? There is lot more, in the annual report. There is a sub-license with a large International Bank in Africa which is subject to an NDA--so something likely pending?
One new U.S. client even creates transaction revenue in favored, famous, and well Beverly Hills, CA. Even local Google is still down at Venice Beach. . .or something(?). . .in the event that nobody else is just sayin'. . .(?). There is Beverly Hills trusted tech, and then there is. . . , well(?).
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The Company derives its revenue primarily from the sale of software licenses, software subscriptions, maintenance services and consulting/training revenue. License revenue for a perpetual license is recognized at the time the license is sold. Subscription revenue and maintenance revenue are recognized ratably over the life of the agreement, and consulting/training revenue is recognized as work is performed. Deferred revenue is recorded for advance billings that are made prior to revenue being earned. Unbilled revenue is accrued to recognize revenue that has been earned but not billed as of the end of the accounting period and is included in accounts receivable in the accompanying consolidated balance sheets.
The Company earns revenue from services, which has included the following: electronic check processing, financial verification, identity verification and check guarantee services. The services are performed under the terms of a contract with a customer, which states the services to be utilized and the terms and fixed price for all services under contract.
The price of these services may be a fixed fee per transaction and/or a percentage of the transaction processed depending on the service. Revenue from electronic check processing is derived from fees collected from merchants to convert merchant customer check data into an electronic image of a paper draft, which allows the Company to deposit the funds to the merchant’s bank through image clearing with the Federal Reserve on behalf of the bank. The Company recognizes the revenue related to electronic check processing fees when the services are performed.
Revenue from financial verification is derived from fees collected from merchants to process requests to validate financial verifications to an outside service provider under contract with the Company. This revenue is recognized when the transaction is processed, since the Company has no further obligations.
1.0 mil. fees/month in less than 2.5
years can be projected, Just From USA!
Double USA numbers of last 6 mos. and
so on. Likely new clients will happen,
even in the international numbers!
Year Nearly Half Over, with no further progress? The new CEO originally put it ". . . .I am looking forward to expanding our product lines within Mesa Pharmacy and adding additional medical products and services within Praxsyn Corporation over the remainder of the year. We plan to greatly increase sales of pre-approved prescriptions in both the workers’ compensation and private insurance markets.” History now records that, "A week from Tuesday," was never supposed to be the timeline. But should that still mean the 2nd half of the year?
MEC offers Beverly Hills trusted Financial Tech! (Through Los Angeles Superior Courts!)
Ronna Burton Tweets provided startling data! Two apps up, which are precursor tech for more? Even looks like sensible marketing PR event!
Better Off this year so far, with "MEC part" done already. There appear to be two more near-term advances in the new sequence of likely events in the June 3 post. The first part already has the noted positive outcome, just yesterday. There is even an overall corporate internet look. That shows the various parts at work, just last week.
Are Cruise Ship lines still on board(?)
So actually judges and lawsuits determine the worth of the stock, after all(?).
Lack of Prima Facie creates no case, even from Wikipedia: "In most legal proceedings, one party has a burden of proof, which requires it to present prima facie evidence for all of the essential facts in its case. If they cannot, its claim may be dismissed without any need for a response by other parties."
Lawsuits maybe die "prima facie," @$180.0 mil. per?
Yowie, Zowie! Lots Of News--Concisely!
NDA's Only Apply To Signatories and Relevant Parties.
Maybe the $79.0 mil. settlement is as announced?
"Praxsyn Corporation (OTCQB:PXYN) is pleased to announce that it has settled its case against Trestles Pain Specialists, LLC and others (“TPS”) and TPS, has settled its case against Praxsyn and others. Both cases were settled with prejudice, meaning they cannot be brought again for litigation. In addition, due to the settlement, no party to the litigation will owe anything from the other and each is responsible for their own costs.:
Now implementing April strategy announcement, maybe. Other matters maybe already resolved? So April is now a definite maybe, already! In between is May, and then happens June(?), usually a definite certainty(?)!
"Expand our sales efforts more fully into private insurance markets where payment is pre-approved by insurance carriers;
Pursue workers’ compensation cases that are already pre-approved;
Enter into negotiations with insurance carriers in order to dramatically reduce reimbursement rates, thereby ensuring prompt payment of all claims. If successful, we will reduce the cost of care for our patients, their insurers and ultimately their employers as well;
Become fully licensed in all 50 states as soon as practicable;
Expeditiously eliminate our long term debt;
Contract with marketing groups in other states to more fully diversify our product lines and markets;
Acquire an FDA approved and fully licensed drug manufacturing facility so that we may offer patients pain management creams and other products) at massively reduced prices, under single NDC numbers, so that we sell to other pharmacies, hospitals and clinics;
Pursue accretive acquisitions of laboratories, and other medical providers who enjoy rapid claims payments; and
Further diversify into additional medical industry profit centers."
Los Angeles Superior Court Finally announced the Outdoor Kiosks, after about two months of service, and observation.
http://www.lacourt.org/newsmedia/uploads/1420164261052116NRKIOSKPROJECT3-9-16.pdf
ITNS Financials 5/11, MYEC apparently communicating with them, and maybe starting something soon in the new financial industry.
Any Transparency Available, Yet. . .Yes's or No's on anything that is supposed to be happening?
OTC Pink GPSI has money, MYEC too, according to those board posters.
Stock price is about value perceptions, and even longer term "timing," which is hard to do. There should have been events to report, and a filing or two. The little company with no trading volume at all, in the link: Actually maybe way more valueable, for example, because of MYEC.
Something must have happened since March. This link appeared, if it works(?). Apparently MyEcheck does, and to the advantage of even other penny stock companies: Excepting itself?
http://www.insiderfinancial.com/myecheck-inc-otcmktsmyec-remains-quiet/114831/
Fraud business in states far away are not about the company based in California, Praxyn Corp.
So if a major insurer cut fraud 90% from an 18 fold increase in claims over three years ago, then not much affecting any business plan actually happened. From Wall Street Journal, February of this year:
_______________________________
"According to Defense Department data, Tricare paid $1.75 billion for compounded drugs including creams during its 2015 fiscal year that ended in September—18 times the amount paid three years earlier. Investigators suspect most of those bills are fraudulent, according to people familiar with the matter. Tricare has implemented new internal controls to crack down on fraudulent billing."
Fraud restrictions do not affect any business plan. For certain, insurance companies are requiring prior authorization and eliminating medications used for non-medical purposes. Local marketing and expanded licensing is not impacted.
Only some Praxsyn business has been stopped. People will soon be reading, "We will no longer process workers’ compensation related prescriptions unless our costs are fully funded prior to the date of service." There has been pre-approved business in the past, likely not being discontinued. There was likely an expansion strategy, now known among carriers. There likely was an accounting problem, now being remedied. Even more licenses and marketing strategies are in the new business plan, and maybe a full-fledged manufacturing plant.
So there are book receivables, since companies acknowledge payables.