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June 19...
Next week, Ben Bernanke will have a press conference in regards to the future of the Fed's stimulus - quantitative easing. His statement on May 22 about scaling it back is what is making the overall market so shaky right now.
While OTC stocks tend to be a little more insulated from the larger market, if Bernanke doesn't step back a little from his May 22nd statement, this could still affect us. This means investors will most likely not take on new investments or investments they consider to "risky" hence - less investment in OTC stocks.
Let's hope Bernanke softens the stance a little bit and we get some more investors in on MYEC, confidence builds on the market overall and that will have an effect on MYEC as well.
http://business.financialpost.com/2013/06/14/unwinding-qe-too-quickly-could-rock-global-markets-imf-warns/
I'm with, I would actually enjoy meeting everybody!
Good Work today, thanks to everyone who made today better than the past few. I increased by just under 3million shares today. This is going to pay off big time. CEO is not going to let this company go down, he didn't after 2008, and he's not now either. MYEC is a winner!
It's gettin' warm up in here!!! .0033 mmmm, nice.
Good man! We are coming out of the black hole...
That would be nice, but I have myself to the point where I'm not too concerned day to day anymore setting my sights more long-term. I thought we've have a PR by now, but we haven't so, Oh Well, I have done enough DD to know that MYEC is a winner! put that with the other DDs out there from everyone else, and there should be no doubt in anyone's mind.
by the way, I still have that sell order in for 500K for .50 just for fun..yea, I can live with myself for taking out $250K too soon. :)
Thankyouverymuch. Yea, that was me with the 250K that brought it to .003
NICE...back up to .0029
Aha, that make sense...now I understand. It's stupid, but I understand...
I kind of understand what you are saying, but my problem is, looking at just TRADES, the buy volume is only 500K, and the rest is all sell volume. I think that's wrong, because 4 other of the exact amounts were in fact buys on my part.
I thought Red was sell and Green was buy...
Because my buys were the 500K, 16707, 800K, 220872, and 454421. In L2, the only green is the 500K.
Under "Trades" 500K is the only green buy... Very Very strange. Or am I missing something?
Looks like the rest of my order is executiing, now at .0029
I placed an order for 1,992,000 So far only 500K has executed at .0026 ... This is going to be an interesting day.
Schnikeys!!! I don't know what's happening but I just placed my big order for this morning, and the ask was at .022 - ok, look carefully at that, NOT .0022 but .022. Maybe they are still going to make adjustments before 9:30, but .022 is on the L2 board for VNDM.
I've never noticed such a wide range before, that being said, the bid was at .0001
I'm using Sharebuilder, so if you guys want to check your Etrade, Scottrade, TD Amertrade, etc accounts, see what the ask is and post it..
You're welcome, although I must kowtow to GM and GS, as they are are the Knights of this board.
Will do!
You Go Boyyyyyy!
I will be adding a few mill tomorrow myself! Watch for them to come through on L2!
Oh that is so AWESOME, so Mr. Starrs IS IN FACT bringing back the old clients as well as adding new...Pennies, Pennies from Heaven.
You are correct. While this deal happened in 2008, I think everyone should look down the page under the payment options box and there is the myecheck logo right there. Just wait until we see this logo all over the place.
http://www.raza.com/mobile-apps/index.aspx
Totally agree. We will see a pop in Q2, but Q3 will be a much bigger pop.
A few more PRs in between now and then would be nice though...LOL!
Yes. Totally. I'm sure Mr Starrs has not made a PR for every new/old client so who knows what will crop up...
Agreed, but I do think the Q2 report will show big improvement from Q1. Some of the deals he made in April and May should show some revenue there.
And if I have to wait for news until the next quarterly report, so be it! Go ahead MMs play your silly price games, I'll still be here!!
German_Soul you are awesome on your DD!
I think MYEC is going to get a good chunk of it's old clients back. I'll bet you Mr. Starrs is EXTREMELY BUSY right now.
Next quarterly report is going to be SICK!
(for those of you that don't know "SICK" is the most recent version of AWESOME, AMAZING, etc.)
I think if MYEC broke into the real estate market, that would be a big win, not just for MYEC but also the real estate market itself. With all the foreclosures that have happened since 2008, I'm sure mortage firms are wanting downpayments and escrow payments as well as mortage payments as SECURE as possible. They could use MYEC instead of ACH for automated withdrawals.
I think now that the economy is recovering a little, banks feel more secure in partnering with other vendors and in light of the recent financial crisis, there is greater demand for secure, guaranteed payments. Paper checks, Floating checks, ACH, etc, can still bounce and be returned...but with MYEC instant approval, no such shenanigans anymore.
Why would a stock go down in price when more are purchased? This is what appeared to happen before close today.
Can someone fill me on on what the reasons might be? I would appreciate the education.
Go team MYEC - long and strong!
I think this should be Stickied!
OMG This is awesome! Good job meiner Bruder!
Agreed,
I think we are all taking a beating today with the stock market, so we are all on edge. I want to see green, not red, but red days are gonna happen.
Well...Stock market is dipping hard today. I did a report on Sharebuilder that showed that only 3 of the DJIA stocks are showing gains. Of course, MYEC is going to be affected by that too, let's hope the fed comes out with some info as well to get everyone to calm down.
Right now ALL my portfolio positions look like the wedding scene on Game of Thrones.
What news?
Okay, I'm taking the bait, what news do you know that we don't?
I'm holding a candle for the Q2 report...
Yea, I'm wondering if they have a big deal coming and are keeping the price artificially low, and thus causing sell offs - that way bigger buyers can get more shares at cheaper price.
Are these big buys kept super-secret?
WTH?!!!! So, the more you buy, the lower the price goes, and the more you sell, the lower the price goes too. I get it...UGH. What are the MM's doing? Did they drink and smoke their breakfast or what?
I did, just a little of it though..lol! Wouldn't that just be the poop if that broke loose ? I would lose bowel functionality if that happened this week.
Thoughts about MYEC / IP Licensing model
On the way home I was thinking about the conversation here about what could be brewing, we don't have any PR's yet, and I think we're wondering about potential BIG things that could be happening.
One thing I remembered from working in software licensing, is that one option that financial software carries is the ability to put it in ESCROW. - This costs anywhere between $500-$1000/yr. This is an ADDITION to any annual software maintenance that is paid for. What "ESCROW" means is that IF in the event something was to happen to the software vendor ie: Bankruptcy, Force Majeure, etc, the software source code is stored securely off-site (Iron Mountain, etc.) so that customers/clients can get a backup copy of it, and are thus entitled to do whatever they want with their copy of the source code once the company becomes defunct.
Given the situation that happened with MYEC's former bank, moving to a licensing model, and offering escrow, addresses the issue of stability and security of the myecheck service. So if something were to happen to BOK or MYEC, the customer could keep on using the product.
This in mind, by having a licensing model, this opens the door not only to payment service company ie: Paypal, Merchants, Banks, but also corporate accounts receivable of just about any kind of company you can think of.
Some companies even have their own credit/collections departments and this would be ideal for those situations. Companies do wire transfers, paper checks, credit cards, etc just the same as anyplace else, and they would also avoid all the high processing fees that come with those. No more would there be a need to pay an expensive fee for wire transfer, or paper check via fedex, or the credit card surcharge fee, MYEC's 1% takes care of all of it.
The last 2 companies I worked for used to get software updates for their financial software systems directly from their banks and other software companies all the time. It would be no different with companies getting software updates from BOK or MYEC...
What I'm thinking is that if MYEC is giving companies an ESCROW option, they are addressing their past issue with the bank deal falling through, and making other clients more comfortable with using the service. This alone, is another benefit of the software.
I wonder what these means? Can you ask your veteran trader friend about this? Anybody know any current or former MM's. I wonder what makes the MMs think that it will go up to $2.20/share ? Hmmmmm
Yea, I kept noticing that MM "BKRT" was flashing something in and out, thought that was strange.
I think the whole market was grey today. Acting like a pouting defiant little brat.
They are all concerned about the fed stimulus program pulling back.
If that's the case, I wonder how many more "dormant" contracts they have that they will be able to reinstate now.?? Wonder if they still have some of the clients around from back in the Old Bank days... Wouldn't that be incredible?