You r right. At $150 a share the market cap was $15 billion back then i think...?

Either way, their was a significant reverse so we can throw the $150 valuation out the window with this current SS. And thats what people will always say and be right. Thats why I suggest pointingout to people that an equal PPS is still a 100bagger from these levels. So why not keep it legitimately accurate.

Well, weve run an insanely long way in a short period time. Im sure there were MOMO players up between. .06-.08 who are getting impatient. Some of the remaining longs may be slowly taking tiny bites out of their position either for beer money or to flip for more shares. I also personally beleve we are targeted in a short campaign. Its rare a penny stock runs past a couple cents before tanking, and weve also had consistent$1-1.5 million volume days. So if there is a group of shorts (ahem TS) that see this and has the resources they know what they r up against (or do they?) and can manipulate it. Also, MMs likely know what we have here, And will slowly walk it down to accumulate shares from any weak hands, or to desperately try and cover their massive short positions (i dont see Strade and Atrade freezing out buyers, as well as huge after hours trades going through to be a random coincidence). And theres the "issue" of not being audited yet. Thats always a red flag for many people investing in pinks. They just need that level of certainty no matter what is put in front of them. And Not getting audited clearly caused some to jump ship....plus theres ALWAYS a sell the financial news crowd. And i guess if theres people who live and die by technicals instead of fundamentals that the PE ratio is too high for their tastes currently. But when we show another quarter of ridiculous growth all bets are off with that one. And then theres Ed finally deciding to get himself ready to move some shares of his own. Some people are just reactionary and think its dilution when its not.

A contingent of MYEC faithful and wannabes are currently shellshocked because they feel, as you do, we should be waaayyy higher with all this truly fundamental positive news pouring in. But until all of the aforementioned things push to background we may sit in a range. Im holding, and trying to add when I can. Every thousand shares is going to behuuuuge here in the coming months and years.

When we start burning to the next level, itll happen like thunder and lightning IMO.

MYEC

Someone possibly already replied here, but the reasoning is because its not an accurate depiction of the currentnsharestructure. There was a reverse that basically changes the company structure. We wouldnt be comparing apples to apples. At no time was MYEC worth $450billion market cap, which is what itd have to be to be apples to apples. Can we get there, possibly. But il never assume a company is gonna be worth half a trillion bucks. Mr. starrs would be the richest man in the world. But the $5 mark IS accurate based on the current share structure (i think) so we need to start there when we say were getting back to historical levels. Its just the way it is.

MYEC

Yea NewCastle is solid. Give Stella Artois a shot. Dos Equis with a limeis also baller.

Milwaukee may have athinger two to say about that. Then again, alot of us are quantity over quality types. But weve got !einenkugels, Sprecher, Miller, New Glarus Spotted Cow, plus a bagillion more microbrews. Our baseball team is the Brewers even. Guess ill have to make a pilgrimage to Oregon at some point. I like that its a progressive leaning/thinking state for the most part. The famous citizen Mr. Knight, owner of Nike kinda rubs me the wrong way though, the guy can drop oodles on Oregons university and sports program but is notorious for sweat shops. Argh! But I digress. cant let one bad apple bla bla bla....

Beer beer beer, gimee a beer beer beer, overlooking your badazz coastline.

MYEC

What isnt coming up here is more like it IMO. If you r thinking about getting in, you should be thinking mid-term at the least. Perhaps if u r trying to get the best possible price id maybe put half in asap and wait on the other half, that way you r at least setup witha core position if it decides to go parabolic. Jmo of course. Gltu.

MYEC

Hear here!

Agree. We shall give new meaning to the term "hyper growth stock". and our margins will be literally unheard of IMO.

MYEC

Yea, personally i dnt care for the $160 number. $5.00 is the accurate price, which is a 100 bagger from here LOL. And we know were going higher than that. This business planis a monster with sick margins.

Its just my opinion, but that 160 comes across as unbelievable pumping. If we can keep it accurate with a 100 bagger why not just do that instead ;)

But whatevs. MYEC gonna keep on keepin on.

Oh most definately. Thats a solid move on your part. Its a big fing deal. Well done.

MYEC

CBux thinks we should be at a quarter already lol. I personally think its kind of up in the air for next week. We could shake this sideways "consolidation" (legitimate short attack) and bolt north or we could keep going toe to toe. Eventually well win out, but may take until May. Unless Ed keeps dropping bombs like hes been doing. If he unleashes a nuke (watching wwii in color right now) like an Amazon then this thing will melt up. Otherwise Q1 numbers or the beginning of posted auditeds will be the catalysts we need IMO.

Indeed. A good refresher for those wo missed this the first time around. Big time.

And then the whole team goes pro for next year lol. But its hard to find a better game then that one holy crap.

Yea what a classic game, SHIT sandwhiches.

The badgers will have nightmares about this game. If they didnt have that choke start to the second half, if jackson makes all 3 of his free throws, or gets a charge out of any of his three fouls, or one inch on the last shot......DAMNIT id almost rather they lost by 20 lol.

This Final Four game is insane.

Yea, its definately all that and a bag of potato chips. Read it thrice already. Everyone who likes it should give ThaiLove a member mark. Those two articles are his MYEC masterpieces.

Thats actually pretty good. Its jumped up there in less than a month.

Wow.... If its legit thats baller.

DITTO!!!!

Well they are certainly the favorite. Wisco the underdog except for all the analysts that said watch out for us....a formidable bunch. Heck, everyone is, thats why they r there. kentucky prseason #1.

Go Bucky! ;)

MYEC

Yup.

MYEC

Lol, talk about a walk down.

(dances a little jig)

Id like to thank god for giving me this chance. You knows peeps been puttin me down, sayin I's no good and stuffs. But you know, we shocked the world baby! Anything is possible! Lol yawwwnnn.

That cliche enough??

Test. Test.
Sweeeeet
TO BATTALLLL


Added 6k and 10k

Hmmm. Am i not suspended anymore???

Peeps need to recognize the difference between Ed selling his own shares and selling shares for the company IMO. The latter would involve actual dilution, an increase in the OS, our shares worth less As a percentage of market cap but money for the company. Ed selling his just increases the float and goes into his pocket. At this point he has no reason to sell his own shares to put money back in the company, as its profitable and would just be rather odd anywho IMO.

**just like thinking hes going to retire most or all of his shares*

Pretty sure he can only sell 1% of the OS per 90days anyhow, which is like 300k a day or something silly low.

Ooooo abowtsta go green.


Oh my. By some of the replies ive seen clearly we have an uneducated board in the financial arena. Im by no means certain but the dissent im seeing is clearly based on wanting to believe a best case scenario at all turns, even if the actual likely scenario is NOT a bad thing at all.

NEWWWWSSSSS. Out of posts crap.

This is such a word salad....

Gorilla math IMO.

Peeps shouldnt even humor this line of thought IMO. The share structure is completely stellar and any big dilution took place in January. Anyone can see the distribution line on the chart tank afer we started moving northward after the QA.

We wouldnt be as high as we are if there was any significant dilution going on...or ANY at all. Ed will likely at least get some of his shares ready to be sold at some point, as hell need to get paid sooner or later.

Also he can only unrestrict a certain amount at a time as far as I can tell, so I expect him to pull them off restriction ASAP just so he has the option to sell if he so chooses.

Zuckerberg had to sell billions of dollars worth of stock to compensate for his huge windfall. i suspect Ed will need to do something similar at some point. But expect him to do it in a tidy uniform manner IMO.

Lets keep our eye on the prize peeps. Not the share structure, not anyone selling shares is going to stop this puppy. Eds already retired a billion shares to prove his commitment to a solid SS plan.

Quigleys the man ya'all. Best listen up! He ignores my PMs but if I were a grisled vet id ignore me too. Im like a bull in a china shop with fireworks in the back most of the time on here.

Your 80s are gonna rock sir. Good luck to you and us. Not that we need it.

MYEC

Crap out of posts again.

For one who claims to know more than anyone else thats a pretty vague presumption. Care to take a stab at an amount you think Ed will be willing to just throw away after already retiring 33% of his stake? Also, im pretty sure there are droves of people who have absorbed all available public info, so that creates a conundrum when you say you know more than they do....

Ive stated before and continue to state that Ed shouldnt have to retire another single share and people shouldnt be assuming that its a foregone conclusion, let alone a differentiator of who knows more here. Its nearly the same thing as making huge revenue predicitions and thrashing those who disagree, just more subtle.

Butyou are right, in that I will continue to ignore the *bs* I see and will sit back and watch us become wealthy indeed. IFFFFFf Ed retires more I will be properly dumbfounded.

JMO. GLTU.

PS iifffffffff he does I dont expect to see No more than 500million retired. Even 100million would be stunningly amazing, and would qualify as your poopload.

OooOO Hong Kong. Very nice.

MYEC NEWS


NEWS MyECheck : to Provide Fully Electronic Check Services to the iCard1 Network

MyECheck, Inc. (OTC Pink: MYEC) (PINKSHEETS: MYEC), an electronic payment solutions provider and the leader in fully electronic check technology today announced that iCard1, an innovative global electronic banking platform and payment services provider, has signed an agreement forMyECheckservices.MyECheckwill facilitate the funding of electronic bank, e-wallet and debit card accounts on the global iCard1 electronic banking and payment network.

iCard1is a global leader in the development and deployment of private closed loop electronic banking and payment networks for governments, banks and corporations worldwide. Closed loop networks exist independent of the major brand commercial credit networks such as Visa, MasterCard,AmericanExpress and debit networks Star, Cirrus and Maestro. Private electronic banking and payment networks are not subject to the fees and rules of the established commercial networks and are rapidly expanding globally.

MyECheckwill provide comprehensive account funding and other payment and related services to the private electronic banking and payment networks using the iCard1 platform. These private payment networks include closed loop corporate, government and financial services card networks.

http://www.4-traders.com/MYECHECK-435009/news/MyECheck--to-Provide-Fully-Electronic-Check-Services-to-the-iCard1-Network-18198071/

Added 10k. Raising more fundzzzzz.

What a sad bunch of shortsighted wussies. I dont wish anyone ill will, but I may laugh in the face of the ones who sold in this range and dont end up getting back in.

Long and Strong

Go MYEC

My Take On Upperdivision's take on the Annual Report.

The bold will be my statements with emphasis added just cuz its easy.


My Take on the Annual Report (In-Depth)

Here is the link to the Annual Report: http://www.otcmarkets.com/financialReportViewer?symbol=MYEC&id=118168 Yup

Here is a link to my pre-financials analysis: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=99689190 Yep

I've broken this down into positives, negatives, and points to ponder. Keep in mind, that everything here is just an opinion. These are my personal notes (slightly modified for iHub) on the annual report so I figured I would share them here. Feel free to add your opinions. Let's just keep the responses mature and substantial/emotionless. Ok

Positives
- Revenue Increased by 388% from Q3 to Q4. This shows rapid growth. Mhmm
- Net Income for 2013 was roughly $1 million. This shows that the company is profitable. Yup
- Total Assets increased by roughly $350,000 from 2012 to 2013 (although the company wasn't really functional in 2012). This shows even more growth. Yup, and the patent and other intellectual property hasnt been factored in yet
- Liabilities (debt) decreased by about $720,000 from 2012 to 2013. Debt free round the corner
- Operating expenses grew slower than revenue, meaning the company has an improved profit margin. **peeps are understating this currently. Operating expenses are going to be insanely low with this business plan, causing unheard of profit margins
- Q3 to Q4 growth, combined with news from 2014 PRs could make for a very profitable 1st quarter of 2014 Mhmmm
- Ed Starrs is only taking a $56,000 year salary which is very modest considering MYEC's value. Of course, his shares are increasing in value exponentially. This shows that Ed Starrs is not just focused on himself. His success depends on the company's success, as that is where the majority of his profit will come from. Yup
- Overall, amazing growth. MYEC is making a comeback. Indeed.


Negatives
- Financials were not audited Meh. Its just a matter of time as you know. Itll just be more ammo as those get released
- Net assets are still negative ($126749) meaning the company owes more than they own Its such a low number its barely worth acknowledging, also because of the patent and such not being factored in
- Net Income dropped by $88917 from Q3 to Q4 Just because the one time License fee volume dropped. The transaction revenues is where we will make our real money and growth in that category was rock solid. Any up front fees will prove to be a truckload of gravy, but gravy nonetheless. Its all about the transactions.
- Less debt was paid off in Q4 than Q3 even though revenues were increased I guess. In a literal sense this is correct but its a fly on the wall in the scheme of things.
- MYEC ended the year with $65 in cash. See above
- Debt was reduced by $53,252 in exchange for 6 million shares of free trading stock (roughly .0088) which is now worth $433800. See above
- Revenue and Operating Income increased substantially, but Net Income dropped More semantics ;)
- Revenue grew by roughly 388%, which is great, but the stock price ran over 5100% off of it's January 2014 lows. Yeesh. cleary you are stuck reaching to find some negatives to create a balanced report cuz these are mostly tiny tiny infractions
- Annual report has misspellings, grammatical errors, and formatting issues. This isn't really that big of a deal, but it's something I pay attention to. I hear ya, but my arm hurts from reeeeeeaching toward any negatives

Points to Ponder

If you're a chart trader, technical trader, flipper, or a die hard long who does not want to hear anything but super exciting hype, don't read this. This is written for people who are investing in the company, not just the stock. It's important to think about these things as MYEC continues to grow. We are building a multi-hundred million dollar company here. Well sometimes im partially some of the above and ima read it anyway so neener neener! ;)

All of the points below are just things to think about. They are not intended to be overly positive or overly negative. I believe in MYEC's potential, as I have for months now. I never thought we would see the stock trading in this range so quickly. This rapid growth has caused me to contemplate the sustainability of MYEC's run. Here are my thoughts: Hit me with your best shot..go on and hit me with your best shot....hit me with your best shot...fire awaaaayyyy

- Where is the Q4 revenue coming from? Is it mostly from the initial sale of MyEcheck licenses or from transaction fees? If it is from transaction fees, that creates a nice residual income stream. If it is from initial fixed rate costs, Ed would need to continue to bring 4 times the amount of new leads each quarter to match the current growth rate (388%). Not really. Most of the licensees will have a ramp up as more and more people switch to this new improved capability, meaning licensees arent suddenly full blast with their MYEC transactions And some accounts will be waaayyyy bigger than others, effectively almost making this a moot point. It is true that at some point growth will slow dramatically, but thats like a decade away IMO.

- MYEC is doing great, no doubt about that. But, can they sustain this current share price? The company is valued at over $200 million right now with a net income of $1 million. A run past .10/share would mean the company is valued at $300 million with $1 million net income. As of now, this is my main concern. When MYEC was trading in its January range, I believed it to be undervalued. Now, not so much. I'll let the market decide. People were ALWAYS going to sell the financials news, especially after a monster run. Its in the OTC DNA. We needed hail mary numbers to convince that crowd to stick around. To them I say "whats 300-400percent growth Quarter over quarter look like a year from now? Ahhmaazzzinggg

- Growth potential is HUGE right now. Investors are putting a lot of faith in Ed. We need to see that potential actualized in order to sustain this price range and continue the growth. We are. The constant PR barrage is laying it out in laymens terms for the market IMO. Also, again, MASSIVE quarter over quarter growth.

- MYEC utilizes independent contractors to develop their products. They have developed quite a lot of applications for a considerably low price. This could compromise the quality and security of MYEC's proprietary technology. (I've developed my own softwares so I know a good amount about the quality of different developers). Not when you hire the big swinging...ahem....the class of the industry to help develop these products. Being housed at QTS shows a desire to not screw around when it comes to these types of things. Besides, the "products" dont need to be flashy. Its. the nuts and bolts backend capabilities that are huuuge here. And Licensees will be able to develop their own offshoot front end stuff to match their own business, meaning some of the "products" people see from "MYEC" on the front end will look badazz while others will likely be just ok. But the functionality will always reign supreme, and thats what people are going to care most abut at the end of the day.

- The Annual report states that "the amount of money spent over the last year on research and development is estimated at zero." How is MYEC developing all of these new softwares (MJ-Pay, G-Pay, etc.) if they are not spending money on research and development? I know Ed tweeted awhile back thanking developers for going a long time without pay, but, once again, this makes me question the quality of the products. See above.

- "The company is not now, nor do we believe that it will fall under governmental regulations." What if it does? If the industry is growing as rapidly as expressed earlier in the report, it would seem that government interference is a possibility, even if its just a small one. How would regulations affect MYEC's business? Not much if at all IMO. Its such an instantaneous product, so supremely cut and dry that it makes life easier even for the governments to regulate. IF, and a big IF, they did get some special regs, wed still end up in a better position than banks and other entities IMO. Things get jammed up when there are alot of moving pieces that are hard to track...MYEC leaves an easily accessible trail of data that is streamlined.

- Stephen Blandford, CTO owns 92,314 common shares of MYEC. This can be looked at 2 different ways. Either, he really believes in MYEC's growth and the idea that those shares will increase in value over time, or he is minimizing his position to limit risk, which shows less confidence in the company. There are members here that own millions of shares, and they don't even have access to the same information as insiders. Ill go with the fact the company believes those shares will be worth alot someday. To me its almost a tipoff to regular investors that this "key" employee has this position. That said i think hell get a shot at stock options down the road at some level, and will end up with a mily under his belt. Ed wont leave any man behind IMO.

- MYEC is looking to hire a sales team. This could dramatically increase revenues in 2014. It will also increase expenses, but, if managed efficiently, could make for a nice ROI. If Ed has accomplished all that he has so far without a marketing department, imagine what will happen when they start marketing. Yup. It will just speed up the critical mass of signups. Alot of business just breaks down to pressure and time. You get set up and then just lean on your positives to propel you to the next level.

- MYEC sold 2 licenses in 2013, most likely in the fourth (maybe third) quarter. They've sold 3 licenses in Q1 of 2014 (that we know of) as stated in the recent PR. Factor the revenue growth rate in accordingly. Mhmm.

- MYEC now has now issued a few licenses of their software. This is pivotal. The companies using this software are essentially the first to test the new software. The results and insights gathered from their usage will be very important. If these companies can show positive changes and higher profitability using the MyECheck system, that would be great for MYEC and it will be easier to get others on board. Being able to say things like "X company reduced their transaction costs by x%" will be great supporting evidence that MyECheck is the best system out there. Contrarily, If these companies do not have positive results, it could create issues. There is no "if" here IMO. It WILL save them money. We are a strictly numbers business! Our numbers come in waaayyy cheaper than any competition. I also dont believe their testing will be that important. MYECs tech is an extreeeemely simple process. There may be tiny glitches in the front end software, but the programs are soooo simple to create and "plugin" that any issues will get fixed without breaking a sweat. But you are right as far as having some hard data to contrast the before/after. Itll be a nice piece of info to pull out to those poor souls who overthink things, and are thinking about using MYEC but for some reason are on the fence

- Ed seems to always have a trick up his sleeve (in a good way). Everytime I lose some faith in MYEC, Ed finds a way to deliver, and we have seen exponential growth accordingly. This goodwill can go a long way with investors, as proven by recent runs in anticipation of financials. Indeed. Yet its easier to do when you have good news pouring in, which has been, and will continue to be the case. The wheel is in motion, and has been since the QA came out in December. MYEC is alive ya'all

- Everyone on this board claims to be a die hard long, yet there is selling going on every day. Make decisions for yourself because people are not always upfront with their intentions. Yep

- Additionally, no one on this board has actually used the MyEcheck system (to my knowledge). It definitely looks great on paper, but I'm not a financial professional so I do not know about the feasibility of its widespread adaption. It would be nice to hear from experienced professionals in this industry to learn more. Im a finance guy. Business owner. Wonk. Blah blah pat your own back d777head. MYEC is the ultimate system. Its so simple and up front its nearly impossible to debate otherwise. This will be easier to adapt widely than ANYTHING that has previously come before it in the history of financial markets. Its an all electronic plug and play into any existing system. You just cant beat it. Seriously.

- There are a lot of investors holding millions of shares. We've seen the orders go through on level 2 screens, and we there were plenty of people buying in the sub-penny days. This is both good and bad. It's good because some people have been investing 6 figure sums into MYEC recently, which shows a lot of faith from wealthy individuals. It can also be bad because if any of these investors decides to cash out their position, they can really hurt the stock's price action. Yep. There have been people doing that the whole way up though. I know for a fact some people who have moves tens of millions of shares. Yet were still above a nickel. Last week Monday when we crossed a nickel a threw my Ipad across the room and walked away because I couldnt believe it. Any pullbacks are just flesh wounds in the scheme of things. If peeps need to go buy some Pepto or vicodin or whatever floats your boat.
Ohhh my goodness its over. Yeesh. Man UD, must have taken you forever to create. Took me forever just to critique lol. Fantastic job though.

The impressive QoQ growth is what we should takeaway from the FY2013 imo. And that MYEC is a beautiful, unprecedented, work in progress.

As for those with the "above average" predictions for financials mixed with 100% certainty and snark(?), its all good. Admitting and apologizing to each other is huge and will continue to be (and the part about share price tanking was sorta correct too, so theres that). This is going to be an explosive place to conduct business for the foreseeable future. We all know whats at stake here, and wont take deviations in popular opinion lightly. Besides, we all have like 12% of chump in us. ;)

Onward!!

MYEC

Out of posts again. Fine with me today lol.

Thats definately doable. I think its possible to get there in 3 years. The speed of going from contract signed to operational can be as fast as a week. We could be bringing legions of people online within a years time. Its such a plug and play system..its unique. The capability has never existed nor has their been an entire interconnected system of EVERYTHING ready to use it as is. I like this game. We can all look back on the day(s) after we got EOY2013 to see our Heart and Brain predictions.

I look forward to offering a partial rebuttal to upperdivisions truly fine piece of work earlier in the night, using my remaining post in the process. But itll have to wait until market time. I think i can offer a more cozy "fanboy" take on some of the angles represented therein. But the overarching point on this board seems to be...We are going way higher....just how much and how fast are TBD.

Heart

EOY 2014- $1.25
2015-$10
2016-$25
2017-$75
2018-$100

Brain

EOY- .50
2015-$$2.00
2016-$5
2017-$15
2018-$30

Big money either way. Remember. We are looking at historic PROFIT MARGINS. Our overhead will expand but will be a minute fraction of our revenues given our unprecedented capability. We ARE the forefront, the best in class as defined by nearly any metric*** this means our revenues will carry unprecedented weight in determining PEs. If we end up seeing some assinine 60 or 80 or 90 percent margins (pretax), we may get our own special tax bracket for making too much on the dollar ;)

Haha, not by much honestly. I do have my setup so that it rotates out my more recent purchases. I have 90percent of my holdings from way back and 10percent ive added on the way up...ive been trying to flip half of those when i feel comfortable (once every couple weeks at this rate lol.) so the capital gains wont be crazy style. And wasnt a straight flip either. Got some beer money, or tax money, out as well.

Its more or less practice for when we get into the upper teens and we are bouncing around pennies at a time. 5% of my shares will be worth much more then and itll actually be worth trying to flip a little imo. But doing any higher percentage of my holdings and im screwing with my retirement IMO.


Crap out of posts. Was so looking forward to sparring with everyone via financials. Lol, until tomorrow.

Go MYEC

Rofl. Us Dems might just feel the same way about the retrograde thinking conservatives....thinking, like say using general geography to claim were all on the coast....see Illinois. And perhaps the coasts are more aware of sea level rise from climate change that conservatives continue to doubt (latest scientific review shows 13,000 vs. 2 articles saying its legit..but all scientists are corrupt and not the dirty energy companies confusing the simple minded) Ironically enough, its blue state governments that help subsidize the red states, so I wonder who has the flawed thinking.

Sorry, but some of us bite back.

Did Bali have a a stroke?

Lol. If i woulda known .0041 is where i needed to be i woulda sacrificed the 4 dollars ;)