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Thanks i know that, i just didn't understand the abbreviation
Duh, lol thanks
What does he mean by A/R?
I do expect to see it come out after the bell, time will tell
I have personally received an email from bill that stated
"the report is due the 14th. Just common knowledge to list everything on the 15th. We will report on the 14th."
It will be out on Thursday the 14th
Nope, he must not like me lol
Just ate a fortune cookie, my fortune was perfect
"Your financial outlook is great at this time."
how do you know?
Look at that spread... raise that bid
It would be nice if MYEC put the audits in the Q2 report. Just add it into with the regular report, kind of like this:
http://www.otcmarkets.com/financialReportViewer?symbol=GCEI&id=118788
Read the very bottom of the first page
It would be nice if MYEC put the audits in the Q2 report. Just add it into with the regular report, kind of like this:
http://www.otcmarkets.com/financialReportViewer?symbol=GCEI&id=118788
Read the very bottom of the first page
ATTENTION:
SLNN is listed as pink current not OTCBB on the OTC Markets website.
http://www.otcmarkets.com/stock/SLNN/profile
Wow i was not expecting it today, thanks 1jk1
I agree but that is where it is stated in the report, just thought i would share. Hopefully Q2 report is better than Q1 only time will tell.
Someone got some .017, getting close to when i will buy more
Very bottom of Q1 report
"As of May, 15, 2014 the Company has received $1,110,000 of revenue earned in the first quarter. The
Company’s cash balance as of May 15, 2014 is $1,075,000 with Accounts Receivable being reduced by
$1,110,000 to $557,045."
How do you verify a short position?
Thanks for the help and dealing with all the confusion.
I will have trust when the form 10 is released and MYEC uplist. I believe that MYEC has the potential, i like what they plan to do. I just need to see it unfold a bit more and show the revenues and the WANT to uplist all the way back to the Nasdaq or similar exchange. BTW my first buy was in march so i am in red and concerned
I would like to think that is correct but i would think their would be a date next to it stating that. But if you are right we should see what happened to that 200 million in the Q2 report. That could also mean ed used it to pay employees or as an incentive.
Looks like you would be correct, thanks for the correction
Yes on the shareholders equity, you are correct their. But from Q3 2013 to Q4 2013 Eds shares owned decreases 1 billion. Then Q4 2013 to Q1 2013 it decreases 200 Million.
From Q3 2013
C. Disclosure of Family Relationships. None
D. Disclosure of Related Party Transactions. None
E. Disclosure of Conflicts of Interest. None
Item XII Financial information for the companies most recent fiscal period.
See Attached Statements:
Item XIII Beneficial Owners
Principal Stockholders Name Number of Shares Owned Percentage
Edward R. Starrs
4140 Borders Dr
3,000,956,970 90%
El Dorado Hills, CA 95762
Item XV The name address, telephone number, and email address of each of the
From Annual Report
Edward R Starrs
Founder, Chairman & CEO, MyECheck Inc.
Mr. Starrs is an experienced, success driven innovator with a deep understanding of the payments
industry and its markets. Mr. Starrs has more than 20 years experience as an international business
executive with management experience in multiple industries. He has been an officer and director of
MyECheck since its formation in 2004, founding the company to overcome shortcomings of existing
card and ACH payment systems, and to meet market demand for a lower cost, faster and more secure
online payment option.
Starrs has designed and successfully implemented a fundamentally new payment method enabling
for the first time, reliable, fast, secure and inexpensive end-to-end electronic check processing. Starrs
has more than 9 years experience in the Check 21 industry and has spoken at Industry trade shows as a
leading Check 21 expert. Starrs has extensive experience working with contacts within multiple areas
of the US Federal Reserve Bank. Starrs has recruited and trained management and employees,
oversaw software development and testing, secured bank relationships, strategic partners and
customers; and took the company public through an acquisition and merger.
Areas of expertise include: Strategy planning and implementation; legal, regulatory and compliance;
software and systems development; process development; fund raising; human resources
management; negotiating; sales; marketing; contracting; vendor sourcing; cash management and Annual Report | 19
accounting; partner, customer and investor relations; brand positioning; complex decision making;
and corporate culture setting.
Previously, Mr. Starrs was President of Starnet Systems International, Inc., a wholly owned subsidiary
of a public company that was processing more than $2 billion annually in Internet transactions.
Mr. Starrs has owned and operated several successful companies including, ERS Marketing, Inc.,
where he produced over $20 million in annual revenue, and Bay Distributing, Inc. a major distributor of
over 800 product categories to Fortune 500 accounts.
Mr. Starrs served as CEO of Digency, Inc., an online payment processing company engaged in credit
card and eCheck transaction processing. Starrs has also held senior management positions with
Fortune 100 companies including McCaw Communications, Inc. (AT&T), and AMF, Inc., the world’s
largest sporting goods conglomerate.
Recent Accomplishments Include:
• Awarded US Patent for ‘Method and Apparatus for Online Check Processing’
• Founded and led start-up company from inception to cash flow positive operations • Architect of
software system that successfully processed more than 6 million transactions
• Forged numerous strategic alliances and value added reseller agreements
• Negotiated and closed multiple major corporate and government accounts
Compensation $56,000 per year
Number of issuer’s shares owned Common Shares. 2,000,956,970
Preferred Shares. One
Legal/Disciplinary: None
Disclosure of Family Relationships: None
Disclosure of Related Party Transactions: None
From Q1 2014
http://www.otcmarkets.com/financialReportViewer?symbol=MYEC&id=120972
Page 10 wont let me copy and past
What were the Questions Asked, Thanks for the email post
Page 19 and 20, that 3 Billion was issued in Q4 2012
MYEC is not sec reporting, I don't think he has to file anything to sell. He owns common stock according to the filings, which is unrestricted.
I understand but why does it show the 1 billion being remove in the annual report. It should show up in the Q1 report according to the PR and the shareholders equity chart(the chart is right in the Q1 report, but eds shares owned is only showing 200 million less than the annual). I see 1 billion disappearing, then a PR release explaining why they disappeared. Then to top it off 200 million shares are missing, i assume sold.
Hopefully in a good way, time will tell.
Would i be wrong to say that the Quarterly reports are wrong or inconsistent? I would like to see MYEC succeed as i have money invested. I kinda feel like i have been lied to in the financial filings and the PR. Red Flag one for me, hoping not to see sub penny.
I hope you are right, but wither way the Form 10 will show me a better picture if not the whole thing.
LOL thanks for not answering anything, you danced around it. 4.1 billion O/S. try again LMAO
Anybody want to touch that? Hello, Myec nation Where art thou?
1,000,000,000 Shares were bought back From the majority shareholder Ed Starrs in Q1 sounds good right? well something does not add up.
http://www.otcmarkets.com/stock/MYEC/news/MyECheck-Announces-Share-Buy-Back-and-Retirement-of-One-Billion-Shares-of-Common-Stock?id=75742&b=y
Q3 2013
Common Stock Owned
Edward R. Starrs--3,000,956,970--90%
http://www.otcmarkets.com/financialReportViewer?symbol=MYEC&id=113252
Annual Report/Q4-2013
Common Stock Owned
Edward R. Starrs--2,000,956,970--55%
http://www.otcmarkets.com/financialReportViewer?symbol=MYEC&id=118175
Q1-2014 (When the shares were "bought back")
Common Stock Owned
Edward R. Starrs--1,800,956,970--43.74%
http://www.otcmarkets.com/financialReportViewer?symbol=MYEC&id=120972
As you can see A billion shares were lost between Q3 and Q4 of 2013 when the buy back did not occur but between Q4 of 2013 and Q1 of 2014 only 200,000,000 shares are missing from Ed Starrs common shares owned. The press release clearly states that the shares will be retired meaning they were yet to be bought back. The PR was issued in February of 2014.
"MyECheck, Inc. (OTC Pink: MYEC), a provider of payment data processing services, announced today that it will retire 1,000,000,000 shares of its common stock after a share buy back at par value from the largest shareholder and Company Founder & CEO, Edward Starrs" (See first link for rest of the PR)
Furthermore, in the Q1 2014 report in the "Statement of Changes in Stockholder's Equity" Table it shows the 1,000,000,000 shares being bought back on February 14, 2014. That is one day after the PR was released.
Were these shares actually bought back from Ed Starrs in Q4 2013, or were they never actually bought back? Am i missing something? Also were did those 200,000,000 shares go? Did he sell those? Can anyone explain this, because i can't.
The 1,000,000,000 Shares that were bought back, Where were they bought back from? and From Q1 right?
LOL i just got an email telling me that, thought i would pass it on. Since i am not in a state that allows real money play, i cannot buy real money chips. I have not looked any further into it but i am assuming real money chips can be bought with paypal in states that allow it
Pokerstars now accepting paypal to buy play chips
Where are you finding the short position information?
Q2 Report is due on the 14th not the 15th! The Audits should be completed on the 15th.
L.L. Bradford
Nice, Sounds like we bought at about the same time back then, i sold a little after the SON PR but not a lot. Will you be buying more?