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Transactions Increases are viable reporting for money-saving conscious potential customers, showing dollar volumes, like in the report.
Courts are doing cost-cutting. The volume of courthouse transactions, just in Los Angeles, is hyper-large. There are over 4000 counties in the United States, in addition.
News releases being set up is actually a departure from past investor relations.
So $79.0 mil. liability disappears as an obstacle. A forward-looking plan is being set in motion. There are even 8.5 months left in the year, plus a few days(?)!
A Publically Held Company, management approach, is even said a long overdue requirement of going forward. There is revenue, profit, and likely a better understanding of what can be done.
The three lawsuit settlements happen this month, in April? The $5.0 mil. annual loss was at least noted last week, looking non-recurring, last month. Also new clients getting started this month, in April?
How is the 2012 UBA PR link relevant? Centric Gateway unrestricted is of value, but what about the bank PR?
823,261 annual Court filings with fees, plus 1,360,395 traffic infractions--some likely contested in court--is 2015 Los Angeles Superior Court data: All by itself. There are eight online pages of potential fees and so forth. There is likely a transaction or two, in there(?)! It sounds busy, and a bank seems to approve the payment concept.
Avidia Now OK With MYEC! FB reports make a lot of sense, going forward! Avidia had to get on board with MEC/MYEC to start in LA County and Kern County banks--of millions of inhabitants.
Africa seems to have landed African access to new high-tech, and for recognized valuable, legal "consideration" to boot: Major solid for Africa.
Rich neighborhoods worldwide will likely buy the generators, if they can be made available. Not all powergrids are public utilities, but are privately owned, and operate when they want to.
So a Kenya launch may have happened with some bank, with everything else to happen as posted on fb?
PXYN Up 1.25% v, Big board down 2%! PXYN Not an Oil Company, or pricey consumer stock, sold to buy POS Energy Shares(?)!
It's not even noon, tomorrow, on Venice Beach, in CA! Maybe it has to be noon, tomorrow somewhere(?)--or maybe not yet(?)!
NexGen Med potential clients can find the website easily, as opposed to recent quarters, or even 50 years ago(?): When probably it was really hard to find!
NexGen Med Solutions appears to have been emphasized recently. The website is more extensive. I noticed it through the main Praxsyn Corp. site.
https://nexgenmed.squarespace.com/our-services/
The 8k interest free loan reported, during the next 90 days, is maybe just a swing loan? I don't work there.
Longs Know About New Clients, noted in the Q in the last week or so of the reporting period. The company reports that it keeps people posted, in the New Q. This below is no surprise. There was news provided for anyone to see.
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On May 17, 2015, entered into an Authorized Reseller Agreement with Avidia Bank. . .In addition Avidia bank has agreed to authorize MyECheck to sell its data processing services and its mobile payment system to its customers. For the quarter ended September 30, 2015, this contract resulted in gross commission revenue in the amount of $56,666 of which $30,071 was paid out as commission to a third party vendor for transaction fees.
On September 9, 2015 the Company entered into a Services Agreement with PacNet Services, Ltd. After the integration process was complete, the first transaction was processed on September 28, 2015. As of the last report generated on November 13, 2015, PacNet has processed 13,800 items resulting in transaction revenue of $3,468. The cost of processing these items to an outside vendor is $0.10 per item resulting in an amount owed the vendor of $1,380.
On September 21, 2015, executed and entered into a Service Agreement with Charleston Enterprise Group to provide fully electronic check services for Charleston’s property management business. Under the terms of the agreement, MyECheck will provide a rent payment solution that enables electronic rent payments by tenants to landlords’ existing bank accounts.
On September 29, 2015, the Company executed and entered into a Services Agreement with TradeRocket, Inc., operator of the TradeRocket invoicing and payments platform, providing them with fully electronic payment services to facilitate secure, low cost, high speed electronic payments for business customers using the TradeRocket platform.
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After that, the Q reports the October New Stuff.
The working capital deficit is not due, yet, partially taxes. The explanation of the withheld Pre-approved monies--probably creating the marketing liability--appears in the problems note.
"Our pre-approved accounts receivable as of September 30, 2015 are almost wholly represented by one insurance carrier. We are currently under a routine audit with this carrier. We have had experience with these audits with numerous other carriers in the past and they are considered a normal course of business. We have never had a material loss due to audit findings in the past. We do not expect any material losses when the aforementioned audit is concluded." So maybe the amounts will be less, based on what anyone knew in September. Then there is whatever new happens going forward the apparent the next two quarters.
Less Interest Paid all year long, Pre-approved continuing, marketing continuing, only 4th quarter factoring cited. Improvement is not usually thought a problem.
Q says PPO portion continuing, maybe less two months ago, (report) maybe more now with marketing happening,(report). "Continuing" can be thought of as, "Rolls in, rolls in,(whatever), how the pre-approved rolls in, rolls in!"
Continuing PPO income, plus new activity, likely means new PPO and other income from only recently started marketing plans.
Negative Working Capital is often annual. Why some companies have huge negative working capital year after year. The answer is simple: because they can. It is worth noting the deficit once, and noting the reduced factoring more often.
Profits create tax liability, audits create trust, difficulties create remedies. That is usual. Way less factoring at PSYN, is not usual. Most would say: Major Progress under way.
Zero-tax to Payable-Two-Months-Ago(?) maybe just a special accounting requirement? Carry-forwards are otherwise known to happen.
PXYN--Lots of Good Paper! Management seems to create a lot of receivables, which apparently they follow up, to the benefit of financial houses. They could maybe do an adjustment of the their current assets accounting, to fix the working capital deficit?
$88.0 mil. Receivables to start, plus a provision for taxes that may not be owed. There is easily more for Q4 finals.
$6.0 mil.+ Likely Tax-Free So Far! No cash apparently is being paid to taxes, likely not owed under IRS & State Tax Rules.
African commerce, ready to thrive--Tech Assisted! Appears so far a viable plan!
Lawsuit posts are not discovery, and IHub is not a lawsuit discovery medium, apparently.
Following the posts on the lawsuits looks more like starving lawyers looking for clients. SEC requires disclosure of a resignation. That requirement gets posted here as involving other non-existing rules. A document is shown with multiple sentences, assigning voting rights away. That gets posted as creating control. Maybe some salespeople could post here, instead?