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The company cares which is why they warn about such nonsense.
Not sure but IMO it's ridiculous that they haven't named him. The supposed "group" took over quite awhile ago- the delayed divy is not an excuse not to name him. It's just silly.
Who knows how these tools hook up. LOL Too bad they don't put their efforts into actually running real companies or at least some charity work- they could actually make a positive difference in the world.
Note from the company: "The transition to the new control group began as the previous negative issues surrounding the company were completely resolved. Those issues include a previous SEC investigation and a full DTC (Depository Trust Company) stock audit."
Consider this when reading posts about a huge naked short position which was supposedly created 5 years ago.
http://finance.yahoo.com/news/PayChest-Inc-2008-YearEnd-iw-14257716.html
Note from the company: "Please rely only on company press releases and other information provided by the company."
Consider this when reading rumors of hype that have presisted in various forms for the past few years. The company has properly advised not to rely on this information.
http://biz.yahoo.com/iw/080807/0423165.html
"Orders can be placed in advance before the product is made"
Sure they can, but who would be placing these orders? Is there a sales team in place? Does the sales team work out of a virtual office or perhaps out of their homes? Are people calling the "sales" phone number on the web site? (The number that still appears on the Paychest.com website? LOL) If sales were taking place, why would the "Worldwide sales" contact number be shared with a company that is supposed to be a different entity? Who would place an order with a company like this? And for a product with such a questionable history?
A nice sized update was given not too long ago yet sales were never mentioned. All we have is the old claim that "current and future management were working to prepare and put in place the relationships necessary for taking this business forward". *yawn*
Would be nice if you were right though but I see no reason to believe that you are.
I'm sure that Pillay has been very busy hanging with the new CEO for the past 6 months or so- probably spending time coming up with a really neat resume so I'm sure it will have a ton of grandios accomplishments with companies that no one has ever heard of. LOL
What kind of serious CEO would want anything to do with this company after the past 8 months of delays and unfulfilled claims? Any upstanding businessman would have run away by now. LOL
"only the non shareholdes would brag on them not"
LOL- no, shareholders who simply look at the situation realistically will not hesitate to discuss the likelihood that there are not orders in place based on the information the company has provided.
You make it sound as if there is no way that a shareholder would dare discuss anything that may put the company in a negative light. Not really honest discussion IMO.
"to say PYCT doesn't have any orders for product, on the account that the company has not said they do is acidine"
First of all, the word you're trying to use is "asinine".
Secondly, it's not foolish or stupid to assume there are no orders because a public company has not released such info. It's perfectly reasonable- especially given that the latest info from the company states that they have not even yet begun production.
Keep in mind that the company has also stated that only info released by the company should be relied upon- since they have not released news about orders, then info regarding supposed orders is not reliable- therefore not asinine at all.
"NITE is still NAKED SHORTING now."
Alrighty then.... someone should alert Knight's shareholders that they're about to lose their shirts because Pillay is going to force their company to cover with the divy- that is still the theory here right?
If what you're saying has any merit, they should be concerned- you could save them a lot of money.
So far Knight, it's CEO nor their shareholders seemed to concerned about the impending doom. I wonder why that is.
"some are trying to make this stock look so bad to scare newbies away"
While I respect genuine opinions that differ from mine,
the negative remarks stem from available due diligence. That's not the fault of those doing the posting- it's the fault of the company.
"i believe we are very close to some big news due to the so many negative post here recently"
Why is that? If that were even remotely close to accurate then huge news would have been released every day.
"we shall see"
Seems like we've been hearing that for a number of years now... Am I wrong? LOL
Facts are hard to come by with these, everyone knows that- and there's no harm in waiting and hoping, but the constant nonsense (which the company has warned about) has reached inane levels.
Anyone who truly believed in the company would see no need for this stuff.
Lots of posts were supposed to be marked then as well IIRC. LOL
It just goes to show- no matter what people make up, or if they pretend to be a woman to pump a stock- the company will always speak for itself.
"and not feel guilty about it either"
Perhaps they should put that on the box.
"The co PYCT are taking the nesesary steps to go forward"
That's a definate possibility. Oddly enough there are many shareholders who are disputing this. The company has clearly stated that it rectified previous negative issues yet the claims of a massive naked short continue ad nauseum.
Seems like those claiming there is a massive naked short don't believe that the company is being honest about this.
Yes, we know- Flushaway has been working on getting their new and improved product to the shelves for a long time now.
I'm speaking of the imaginary massive short that is a specific amount with a specific marker maker that will be forced to cover due to the divy.
That is imaginary until you show otherwise. If there is so much proof out there you should not have an issue producing it. It's your argument to back up- not other's to disprove.
The divy and an imaginary naked short position shouldn't be the focus in the first place.
The focus should be the performance (or lack thereof in this case) of the company. Apparently it makes some people uncomfortable to talk about this.
...has the perfect path to .05++ and you know it.
No it isn't the perfect path, nor do I believe that. The lack of volume and interest prove that this isn't the case.
"Probably USXP, big shooter"
So USXP is "probably" a few precedents? That makes no sense.
No it didn't- and you know that the company has already addressed this.
Why do you keep pretending that the company did not state that "previous negative issues surrounding the company were completely resolved." They did- period.
And the company also warned of people spreading unfounded rumors as well. Their exact words- "please rely only on company press releases and other information provided by the company".
They didn't say to rely on information that some people imply was given to them by the company now did they?
No, they didn't. Period.
That question has been asked since the claims started. The claim is that there is no reason for them to cover yet the claim is also that the divy is going to foce them to cover (if it had any basis it sure sounds like a reason to me.)
So we're supposed to believe that while a poster here has figured out that Knight is going to get toasted on this supposed short- the folks at Knight apparently have no clue. LOL
I also like the new claims that Knight is currently committing some wrongdoing. Public companies like that usually don't like people spreading such things about them.
"Try to be reasonable, with 20 bill shares and with the right info and the pps rises, what makes you think the volume will be low, 1 to 2 bill shares traded a day will be reasonable, and if the run last for a month,"
If it's reasonable to think that this may happen then it's not too much to ask that you name a few precedents.
Show me an unsolicted pink with a similar history that has had 1-2 billion in volume for a month while "running" all the while dumping 5 billion shares onto the market.
I believe that anyone who is serious knows to separate the nonsense from the actual legitimate points.
Sadly, about the only thing the company has actually done right is to advise people to ignore this garbage.
All they have to do to prove that it's real is to put it on the shelves. Isn't that the whole point of having a product in the first place?
Wow- must have missed most of that stuff in the PRs...
This is exactly why the company has advised to not to rely on information that isn't released by them.
Oh yeah, did I mention that the company stated to NOT to rely on information that wasn't released by the company?
Cool- name the person that told you that P&G contacted Flushaway and I'll gladly contact them. That should be really easy to do if true.
All this talk over something that's only going to happen if the company follows through on something. Given the history here how likely is that to happen.
"Proctor & Gamble must be stupid for contacting Flushaway then? "
I must have missed that, can you point out where the company stated that P&G contacted Flushaway?
The website states that CES had introductory discussions with at least one of the big 3 but it says nothing about who contacted whom.
To me it sounds like CES tried to introduce their product to someone. Given the fact that they now want to compete with them, they apparently showed no interest in the Flushaway brand.
Really there wouldn't be much of a point to using them anyway given that the issue is flushability. And given that-there still isn't a point- as if someone is going to take their test pad and flush it just to see it it's flushable... LOL I would imagine that most pads would flush, it's the longer term issues that matter (saving the land fills and such) and a test pad in the mail won't help much there.
I would imagine the ladies who are concerned with flushing their FH product use tampons and do just that- even though they shouldn't. I've seen enough Rotor Rooter bills from tenants who flush their tampons. Oddly enough none of them seem to care too much about landfills. Perhaps I should take a poll. LOL
LOL- at these higher prices the volume will be much lower as well so what exactly do you think will happen when the 5B shares hit the market, no matter how 'slowly' they do it.
After such a meteoric rise, why would you think that the company would need to dump such a large portion of their AS in the first place? LOL
Math can be cool but the reasoning around it needs to make sense.
This company has been in it's current state for almost a year- any need for audited financials wouldn't be a cause for a delay as Tom Hands would have known about this before he made any statements about the financials being out in February.
Had he mentioned that date before the change then I could possibly give credence to that theory but as it is they would have known about any such issue long before.
"And now NITE and the other crooks are still NAKED SHORTING PYCT to this day. 100% for sure folks.
"
I thought the claim was that the THIRD PARTY STOCK AUDIT took care of the situation. LOL
You should contact the company about this- they've stated that the negative issues have been remedied. Or did this happen to get by them? LOL
" Scams don't have a product and don't sell anything."
Why would you say that? Fraud equals scam. It's very plausible for a company with a product to be part of a scam via fraud.
A company can indeed have a product and even sell it and still be a scam- no question.
"you haven't the slighest idea what the price of the flushway pads and liners are going to cost"
He probably read the PRs. The company has given guidance on what the product will cost.
"We heard the same nonsense when this was going to be the biggest pay transfer deal like PayPal"
Yup. Big time private company with gazillions of dollars was going to step in and fund everything for them as well.
Sometimes I wish they'd come up with some more creative stories for these things... *yawn*
"you're pads"...
What? I am not pads.
"PYCT has never sold any yet"
Yep, you are correct. I should have simply referred to the brand itself being stuck on dollar store shelves.
The brand is what matters here IMO. Whatever the case with bad pads or whatever- the fact is that this flushable brand does not appear to have picked up any attention among the masses even though it had the opportunity while in larger stores such as Walmart.
Why do you think that is?