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"IR is calling shareholders to drum up business? Really?"
It looks that way.
Posted by: scottieone "Tobie got me i am back in .Let the News begain."
Sure the loan is real- and it's indeed more than enough to get rid of the $25,000 they owe.
"The liners are "flimsy"?"
Actually they are, liners aren't usually meant for normal menstrual flow.
I send a quick email to see if they'd respond as to why they included them. I'd assume some of their due diligence is what they read on the net. My guess is that they simply want to market the report to as many people as possible and will naturally garner more interest if they include more companies. I'd guess that the report will include nothing more than the shtick that PYCT lists in their PRs or their website.
Paychest claims that they are a "global marketing company and developer of technology solutions" and that their strategic partner companies market and distribute select products and services worldwide.
Sounds big doesn't it?
So I'm a short here? The company send their liners out to the shorts now? LOL
But plenty of them give away their shares, just like this one.
Selling indicates a value, giving does not. They should have more faith in the value of their company.
IIRC the 200K is a loan isn't it?
Walmart is old news... we don't count old news do we?
I have no doubt it came from Hands. I believe it was a version we've seen, I'll scan it and post it in a few days or so.
The liner was attached to a white piece of plastic. Nothing more, nothing less. Not one bit impressive but I guess the idea is to simply prove that they exist, not impress anyone. They're succeeded there.
PayChest Inc. End of Year Corporate Update
http://finance.yahoo.com/news/PayChest-Inc-End-of-Year-iw-2400912052.html?x=0&.v=1
HONG KONG--(Marketwire - 12/21/10) - PayChest Inc. (Arizona) (Pinksheets:PYCT - News) President Peter Coorey issued the following letter to shareholders:
Dear Shareholders
I would like to share our thoughts and plans for PayChest Inc.
After an extended period at the helm Lawson Pillay left the company in October. We wish him success with future ventures.
The new management team has been diligently working on returning the company to structural and regulatory health. I am very pleased to announce that PayChest is now fully compliant with State, Federal and Pink Sheet reporting requirements.
To achieve compliance, we have:
* Updated statutory address information with the State of Arizona
* Completed and filed financial information as required by Pink Sheets bringing all financial information up to date. Company filings can be found on the Pink Sheets website
* Filed updated director and corporate information on Pink Sheets
The financial data has taken some time to unravel, and we continue to investigate and clarify matters as they were presented to the new management team.
New management intends to continue the approach of no reverse split, for the foreseeable future.
A default judgment was imposed upon the company on March 6, 2009. The judgment resulted in the petitioning party being awarded US$4 million. A third party recently secured favourable settlement terms providing PayChest a cost effective solution that will, once settled and repaid, be free of any further impediments to the commencement of operations.
Having removed the various obstacles to progress I am happy to report that the company is now taking forward steps to turn PayChest into a living, growing, cash flow business.
Management sees great opportunity in the FMCG (Fast Moving Consumer Goods) segment for the Flushaway® branded suite of products. The market for these unique products locally and internationally is extensive. With a unique product that is price competitive with major products of lesser features, we anticipate healthy market penetration. Early discussions with potential contract manufacturers, suppliers and distributors have proven positive. News releases will be disseminated as events materialize.
There is an expanded investor relations team in place, ably led by the experienced Tom Hands. Tom can be contacted at http://www.paychest.com/investors.htm.
Our sales team has added Ms Tobie Oliver and is making progress with potential future clients. http://www.paychest.com/investors.htm
Those who follow PayChest closely will notice both the PayChest and Flushaway web sites have recently been re-commissioned and updated. (www.paychest.com & www.flushaway.com)
We have test manufactured sample products; the tests successfully created product to our specifications. We have started distributing samples to shareholders, with the majority going to our potential future clients. We have received a level of acceptance that has been most encouraging. Further news on this will be furnished at the appropriate time.
Whilst there are opportunities to further develop the product to enter the growing seniors market, management plans to focus on flushable and biodegradable pads and liners until such time as this stream is perfected. Demographical data indicates this will also be a substantial future market segment as the developed worlds' population ages.
Before I joined the management team I performed some very simple research. To every potential user of the product, I explained the convenience the product afforded, the removal of the embarrassment factor, and the environmentally friendly nature of Flushaway®.
Without exception, every person I spoke to said they would use this product.
Peter Coorey
President
PayChest Inc.
Had a blessed surprise waiting after getting to the south for the winter. A real live liner- woot. GF wasn't impressed but then again she uses pads.
Did anyone actually receive a pad or are they just sending the liners for some reason?
And to those who care: white envelope, addressed by hand coming from Canada with no return address with the letter inside.
Noted in the IBox.
Then I guess it's ok to sneeze.
If there are posts that you feel are unfairly deleted then take it up with Admins. As I've pointed out before they are responsible for 80-90% of the deletes in the first place.
I've posted that I'd add an assistant but the only takers have been those label "naysayers" so I thought it best to not add in that case.
Oddly enough I've made 2 offers to supporters of the stock and they both declined, you're the third.
Superstop, you have had 1 post deleted since December began.
If he's posting something you don't feel is right you can refute it without making a personal issue.
If you would like to volunteer let me know.
Take this up via PM. The board has been very nice the past couple of weeks, please try and keep it that way.
Will do when I get home. not messing with that while driving.
Quarterly report filed for period ending June 30, 2010.
http://www.otcmarkets.com/stock/PYCT/financials
In all fairness the company has been using those lines since 2006 or so- we all have it memorized.
"perferr was use to finanice opperations .."
Isn't that what the "naysayers" have been saying- that the company has had to sell shares to move forward?
Quarterly report filed for period ending March 31, 2010.
http://www.otcmarkets.com/stock/PYCT/financials
I thought the filings were supposed to skyrocket this baby.
There's interest in management to move it eventually IMO, patience my pay off.
"It's a stalemate."
Indeed. No interest in a stock that "huge groups" of traders swear is going to .10+ equates a stalemate.
Actually it equates no interest.
I'll leave the stalemate bit up to subjectivity though.
Annual report filed for period ending December 31, 2009.
http://www.otcmarkets.com/stock/PYCT/financials
In June of 2007 they said the OS was 16.6B. It's now 21.8B.
They reduced the share count, then during a time that the company claimed it was funded by third parties, it was diluted it right back to where it was and then some- well past any 800M figure.
While the reduction was a good thing, for a company that has supposedly been funded by deep pocketed outside parties for the past 4 years, it's a bit odd that they've needed to dilute the share structure from 16.6B to 21.8B.
It remains the same because they haven't updated for months. LOL
Every time they do it seems to go up though. From 16 billion or so to over 21 billion.
That's per the company by the way.
I suppose it is for a company that's claiming it's going to update its availability page on input from shoppers. IMO when an agreement is reached with a retailer it should be PRed and then the company listed on the page.
And a company definately shouldn't claim that the content of there own page isn't their responsibility.
I'd love to know who's responsible for the content of the page if not the company who creates it. LOL
I also love the idea that they're going to update via shoppers. Random people checking in to post where Flushaway is available.
My guess is that they'll soon be listing EVERY MAJOR RETAIL IN THE WORLD!!
But if that's not accurate you can't blame them.
Does it really matter? The company admits that stuff posted there might not be accurate.
"This makes it sound like folks have to wait 2 mins until they flush it."
Perhaps it's just me, but I think it's clear that the 2 minutes is an issue with testing the performance in a bowl- not regular use in a toilet.
And yes, most recognize the pattern of pink sheets stocks. News, volume, increased OS with a side of limited, if any, actually results. Will probably be the continued case here as well but heck, if they run it, we bank, if they don't- we're still entertained.
As I've said all along- sounds like a good idea if they can actually make some money selling it.
What part of the wink didn't you understand. LOL
IMO it's probably actually a higher percentage of women that flush "unflushable" stuff.
IBM told Steve Jobes to take a hike when he wanted to introduce the PC.
The PC was introduced when Jobs was still in high school.
I'll be the first to give credit where credit is due, and the company has followed through on the sample deal but this still cracks me up:
"At some time or another 30% of women flush non-flushable product."
I guess that means that it's flushable afterall.
"At some time or another 30% of women wrap used product in tissue take it outside of the washroom to put it in the trash, either because there is no trash can..."
IMO if there's no garbage can in the washroom, someone isn't going to carry out a bloody pad in hopes of finding a garbage can elsewhere.
"or its too dirty..."
And what's too dirty- the washroom? The washroom doesn't meet cleanliness standards to dump a bloody rag? Or the pad is too dirty to leave in the washroom so they need to carry it around with them?
"or there is the possibility of embarrassment if somebody finds the used product."
Embarrassment? I suppose if they left their name and number along with the bloody rag and it could be traced to them then it could be embarrassing...
I'm sure it reads differently to others but it seems like they're trying awfully hard to convince people of the reasons why this is such a problem instead of letting the product speak for itself.
If it's in demand it will sell well- end of story.
"I have given up on expecting any reply from our CEO."
Probably a good idea. That's why they have IR.
1) Valid point. Unfortunately the only evidence that we have regarding competitive pricing is the company saying so. I would still think that if it were a product that was really in demand and affordable and profitable to produce then it would have been done by a major.
2) I would assume something has been spend, and if so then the company will be reporting as such shortly. Financials should tell all if the company is truly looking for a listing somewhere.
Hard to tell. It's difficult for the company to tout what happened with any previous versions of the product if indeed the whole thing has been revamped. For instance, the sample mentions the Ecologo issue, yet the company hasn't released anything about the new version receiving the certification.
While they may be using a similar formula, I'd think a new product would need another certification. Perhaps they've received it but if so I'd think a PR would be in order. JMHO.