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None, zero. It's a POS that has no liquidity. The company does nothing.
I know your question was rhetorical but, there are no intriguing incentives. People don't give a shit about it. They are used to and happy with ACH and the rewards programs offered through the various big established players with $$$$$.
No one of substance wants to get in bed with a penny stock essentially bankrupt company. It's contractual suicide. Any company worth a grain of salt isn't going to lock up in a contract with a company with these financials.
It would be like taking out a mortgage from a 17 year old kid with a job at McDonalds. Foolish.
JMO.
$TPNI
What does this post have to do with how eMobile actually works?
I think it's the proper evaluation for the company with its current financials. It's a lot of growth in a year too.
.15-.20 by eoy. That's the proper price here. Unless something changes.
Great ticker.
Yes, can't wait to see it plummet this garbage to trips.
I'd like to see the judges ruling. Eds views are meaningless and manipulative.
Another day of blood. Dead Cat Bounce from last week confirmed. Another "Wednesday" another nothing. Insiders, I mean truest of longs still spewing Kool Aid. May need a stronger dose "soon"
$970,000.00 worth of dilutionary shares coming to your Ask stack and Bid Whack. Disgusting Bloated 2.3 Million float on its way upward to 3 Billion. Trips by August is my call. Mark it down.
The float was about 600 million then. It's 2.3 Billion now.
Sounds right. Probably a 20 million plus volume day in which the price stays even or rises 1-2%. If ya know what I mean.
It's real and obviously being discussed by everyone. There's no proof of a relationship in which the companies live and making a dime with a working product.
There's nothing obvious and real about the Africa deal for most people.
Maybe the court filings but Africa still? Really?
A lack of interest perhaps.
Nearly everything this company does is destructive to shareholders. Some undisclosed screwings are actually hidden by false good news. An F you with a smile is the specialty.
Yes. Next week. Always next week.
Less than 300k showing drops this into the 80's. L2 Bid super thin.
0290 bid in.
Congratulations to you!
MYEC DD Package 2/24/16
From the Form 10:
"On February 14, 2014, the Company issued 400,000,000 shares of its common stock to Sierra Global, LLC, who is deemed an accredited investor, for a subscription receivable, having a fair value of $28,000 ($0.00007/share), based upon recent quoted trading price. The securities were not registered under the Securities Act, or the securities laws of any state, and were offered or issued in reliance on the exemption from registration afforded by Section 4(2) of the Securities Act of 1933, as amended, as a transaction by the Company not involving any public offering,"
MYEC Historical stock price on:
February 10 .0040
February 17 .0061
FAR FROM .00007
Roughly 6 million shares would have covered the 28,000.00 dollar debt based on the ACTUAL "recent quoted trading price". What were the additional 394 Million shares for?
Quote:
________________________________________
On April 16, 2015, the Company approved the partial assignment of $40,000 of a debt dated October 5, 2010. On April 21, 2015, the Company authorized the conversion of such debt into 40,000,000 shares of common stock at $0.001 per share. The note was converted during the three months ended September 30, 2015
________________________________________
40MM shares for $40K? Oh wait, not even $40K as it was only a "partial assignment". LOL
F You shareholder
Quote:
________________________________________
On April 21, 2015, the Company authorized the conversion of such debt into 40,000,000 shares of common stock at $0.001 per share.
________________________________________
Guess what PPS was on April 21, 2015? It was .018
Look at the activity the following week volume in red:
05/01/2015 0.0195 3,106,142
04/30/2015 0.0198 3,362,047
04/29/2015 0.0206 3,570,093
04/28/2015 0.0221 3,406,090
04/27/2015 0.0221 6,715,566
04/24/2015 0.0215 13,876,630
04/23/2015 0.0195 5,130,854
04/22/2015 0.01775 1,464,829
04/21/2015 0.018 3,897,365
From MYEC form 10. This is your upcoming dilution. This is all public record. This is just simple DD. The selling pressure is coming. If you do not trust my cut and paste, look it up for yourself.
GLTA.
NOTE 6 - CONVERTIBLE NOTES PAYABLE (CONT.)
MyECheck is a defendant in a civil action initiated on July 13, 2015 by TCA Global Credit Master Fund, L.P. (as Plaintiff) in the Circuit Court of the 17 th Judicial Circuit in and for Broward County, Florida. The action is styled TCA Global Credit Master Fund, L.P. v. MyECheck, Inc., et al . TCA is a holder of the Company’s convertible notes and is seeking damages in the aforementioned action for alleged breaches by MyECheck of the provisions of the convertible notes issued to TCA. On October 29, 2015, Circuit Judge Dale Ross of the Circuit Court of the 17 th Judicial Circuit in and for Broward County, Florida signed a Final Consent Judgement against the Company in the amount of $577,359. The Company has taken a loss contingency accrual of $187,746 related to this case. Additional interest will continue to accrue until this legal matter is fully resolved. The Company’s assessment of its potential loss contingency may change in the future due to developments in the case including negotiations with the plaintiff and other events, such as changes in applicable law, and such reassessment could lead to the determination that no loss contingency is probable or that a greater or lesser loss contingency is probable.
On April 16, 2015, the Company approved the partial assignment of $40,000 of a debt dated October 5, 2010. On April 21, 2015, the Company authorized the conversion of such debt into 40,000,000 shares of common stock at $0.001 per share. The note was converted during the three months ended September 30, 2015 and the Company recorded a loss on conversion in the amount of $840,000.
Convertible Promissory Notes
From time to time the Company raises working capital due to issuances of convertible notes as further described below. During the nine months ended September 30, 2015, the Company entered into multiple convertible notes payable with seven (7) containing embedded derivative liabilities (conversion options). At September 30, 2015, these notes consist of the following:
1) Convertible Promissory Note for $40,000 to Charlie Abujudeh dated April 6, 2015, due April 6, 2016, bearing interest at the rate of 10% per annum. This note shall be paid in full or in part to Holder by conversion into Common Stock at the maturity date based upon the discounted price of seventy percent (70%) of the closing price of the Company’s Common Stock on the date of this Note being April 6, 2015 as posted at the OTC Markets exchange of $0.0102 per share for a total common stock issuance of 3,913,894. $ 40,000
2) Convertible Promissory Note for $13,000 to Charlie Abujudeh dated April 8, 2015, due April 8, 2016, bearing interest at the rate of 10% per annum. This note shall be paid in full or in part to Holder by conversion into Common Stock at the maturity date based upon the discounted price of seventy percent (70%) of the closing price of the Company’s Common Stock on the date of this Note being April 8, 2015 as posted at the OTC Markets exchange of $0.0098 per share for a total common stock issuance of 1,326,531. 13,000
3) Convertible Promissory Note for $30,000 to Charlie Abujudeh dated April 16, 2015, due April 16, 2016, bearing interest at the rate of 10% per annum. This note shall be paid in full or in part to Holder by conversion into Common Stock at the maturity date based upon the discounted price of seventy percent (70%) of the closing price of the Company’s Common Stock on the date of this Note being April 16, 2015 as posted at the OTC Markets exchange of $0.0087 per share for a total common stock issuance of 3,456,221. 30,000
4) Convertible Promissory Note for $25,000 to Charlie Abujudeh dated April 23, 2015, due April 23, 2016, bearing interest at the rate of 10% per annum. This note shall be paid in full or in part to Holder by conversion into Common Stock at the maturity date based upon the discounted price of seventy percent (70%) of the closing price of the Company’s Common Stock on the date of this Note being April 23, 2015 as posted at the OTC Markets exchange of $0.0096 per share for a total common stock issuance of 2,606,882. 25,000
MYECHECK, INC.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2015 AND 2014
NOTE 6 - CONVERTIBLE NOTES PAYABLE (CONT.)
5) Convertible Promissory Note for $20,000 to Charlie Abujudeh dated May 6, 2015, due May 6, 2016, bearing interest at the rate of 10% per annum. This note shall be paid in full or in part to Holder by conversion into Common Stock at the maturity date based upon the discounted price of seventy percent (70%) of the closing price of the Company’s Common Stock on the date of this Note being May 6, 2015 as posted at the OTC Markets exchange of $0.0094 per share for a total common stock issuance of 2,132,196. 20,000
6) Promissory Note for $11,790.61 to Cardinal Commerce dated March 21, 2013, due March 21, 2016, principal only no interest. This debt was previously held in accrued liabilities. (See Note 14 – Subsequent Events). 11,790
Total Convertible Promissory Notes $ 139,790
Convertible Notes Payable with Embedded Derivative Liabilities (Conversion Options)
2) Callable Secured Convertible Note for $40,000 to Charlie Abujudeh dated May 12, 2015, due May 12, 2016, bearing interest at the rate of 10% per annum. The conversion price shall be calculated at the election of the Holder the lesser of (i) 70% of the Trading Price of the Borrower’s Common Stock on the issue date or (ii) the Trading Price of the Borrower’s Common Stock on the Conversion Date. The lowest price the Holder can convert (including discount) is $0.001 per share. (3) 40,000
3) Callable Secured Convertible Note for $30,000 to Johann Gumpp dated May 28, 2015, due May 28, 2016, bearing interest at the rate of 10% per annum. The conversion price shall be calculated at 70% of the Trading Price of the Borrower’s Common Stock on the defined Conversion Date. The Common Stock to the Holder shall be restricted pursuant to SEC Rule 144 with a twelve month holding period. (3). 30,000
4) Callable Secured Convertible Note for $40,000 to Johann Gumpp dated June 8, 2015, due June 8, 2016, bearing interest at the rate of 10% per annum. The conversion price shall be calculated at 70% of the Trading Price of the Borrower’s Common Stock on the defined Conversion Date. The Common Stock to the Holder shall be restricted pursuant to SEC Rule 144 with a twelve month holding period. (3). 40,000
5) Callable Secured Convertible Note for $40,000 to Johann Gumpp dated June 19, 2015, due June 19, 2016, bearing interest at the rate of 10% per annum. The conversion price shall be calculated at 70% of the Trading Price of the Borrower’s Common Stock on the defined Conversion Date. The Common Stock to the Holder shall be restricted pursuant to SEC Rule 144 with a twelve month holding period. (3). 40,000
6) Callable Secured Convertible Note for $28,000 to Johann Gumpp, dated July 1, 2015, due July 1, 2016, bearing interest at the rate of 10% per annum. The conversion price shall be calculated at 70% of the Trading Price of the Borrower’s Common Stock on the defined Conversion Date. The Common Stock to the Holder shall be restricted pursuant to SEC Rule 144 with a twelve month holding period (3). 28,000
7) Convertible Note for $50,000 to Redwood Management, LLC, dated July 15, 2015, due July 15, 2016, bearing interest at 10% per annum. The conversion price shall be equal to 55% of the lowest price of the Common stock in the twenty (20) Trading Days prior to the Conversion Date (the “Fixed Conversion Price”). (3) 50,000
8) Convertible Note for $30,000 to Redwood Management, LLC, dated August 24, 2015, due August 24, 2016, bearing interest at 10% per annum. The conversion price shall be equal to 55% of the lowest traded price of the Common Stock in the twenty (20) Trading days prior to the Conversion Date (the “Fixed Conversion Price”). (3) 30,000
Total convertible notes payable with embedded derivative liability $ 258,000
Total convertible promissory notes & convertible notes payable with embedded derivative liability $ 397,790
Convertible Promissory Note for TCA Master Global Fund, LP dated October 29, 2014 – in default (See Note 6). 577,359
Total Convertible Notes - Net $ 975,149
For him, yes. But for one of their buddies, I mean "accredited investors" that same 40k value apparently gets 40 million shares. wink wink.
Rxm* yes
Looks like the pain is coming then. Lol. Welcome.
They will be ecstatic after the million dollars in scheduled notes decimate the price further. Good for them.
The activities by the company in early 2014?
You and Clay together in the same chat?! Now there may actually be some shorting coming to this junk!
weeeeeeee
Approx. Doubled the float at the time. Basically chopped every investors dollar in half. All while they were thinking how wonderful the 1 billion share retirement was.
This is in the file.
There are 2.3 Billion shares free trading. There are approx 140 shareholders of record.
There are plenty to go around. No need to scare them out of anyone.
Quality stuff right there. Well established clientele. Nasdaq bound naturally.
Best ticker in the OTC.
Welcome to the good guys group. GLTU.
And what would be the claim pray tell?
There was a lot of great stuff that was reported BY THE COMPANY to be going on in that short period of pump, I mean, time that led people to make decisions.
Entering the mj sector via greenpay. Nothing came of that.
Billion share retirement. Only thing that resulted with that was the float increased via Sierra G dump.
All great stuff that never came to fruition.
Summer of 2014 was the grossest UNDISCLOSED Dilutionary period I've ever witnessed. TA gagged, longs woke up one day and a 600 million float was suddenly over 2 billion.
"Forbes listed CEO". "Used to trade on the Nasdaq". "Victim of the bank crisis"
Most OTC traders to this day give this CEO the infamous title of best pumper ever.
Just my take.
This was one of the more egregious scumbag lie pumps where shareholders were defrauded.
Best price coming looks to be this summer. Unfortunately the float will be pushing 3 billion by then it seems. Look at all the convertible notes lining up from now till then. Buy up buddy.
And the reason your price per share is so low is toxic debt. IMO.
2.3 Billion float. Increasing all the time. Selling exceeds buying. Scale tips towards the selling pressure due to debt conversions because the company can't make any money. Simply more pressure on the bid than the ask. Stock market 101, no need to complicate it.
That's all it is. No negative posters, no shorts, etc. The reason for the decline is as clear as black and white just like it is written in the companies filings.
Nothing anyone posts here has any impact on the PPS. If it did that would be very sad for the company. This is just an Internet message board where people discuss the stock. The entire world has access to buy and sell the ticker through hundreds if not thousands of brokers that never visit or see this place.
Chart and convertible notes scheduled point to closer to trips and a maxed Authorized share count.
This isn't bashing, it's just realistic.