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Can you ask him to confirm again if he meant pps goes to 0.01 will never happen or retirement of his shares will never happen? I will take the later, which goes in-line with his usual wording.
But in the FB Q/A, Ed said retirement of his shares will never happen.
But we don't know yet the ratio for the R/S, could be 10:1, so people will be happy to see a pps above 0.1, to meet the requirement of NASDAQ, the ratio probable have to be 100:1.
My interpretation is, MYEC just replaced a bigger carrot and put it at least 8 weeks further away from the donkeys.
2 things for sure, (1) no/low revenue for the 4th quarter 2014 and the 1st quarter 2015. No idea for the revenue of the 2nd quarter 2015 and onward. (2) massive dilution for Seergate and TCA.
1 thing to be expected, donkeys will see a reverse-split in 2015.
Bragging revenue?
Exponential growth? most probably is achievable, from 20K to 40K can be considered exponential.
170million shares dilution at this pps?
Somebody please ask him why the dog cannot hunt for that long time? (I don't have fb account).
I would say MYEC is killing us.
Another good question.
Good questions.
Doubt you will find the true answer from the company too, lol.
Seems it's heading to 0.01 where they will fight to keep the "uplist" dream.
Without revenue, what's the point of "up-list"?
IMO, it's more dangerous to mis-timing an OTC stock.
Same old. But MYEC got to prove at least they can actually do the job now, i.e. "integrate with banks" first.
Better knock #1"s door together with you (I mean pay them a visit), sure you can arrange that.
When?
Why don't you just give Ed/Bill etc. a call and urge them to knock #1's door tomorrow morning? I'm sure many here have their direct phone no..
I sincerely hope so.
I would suggest you (1) refer MYEC to #1, (2) urge MYEC to make an appointment with #1 and arrange a detailed presentation ASAP.
I don't know the others, but a common shareholder like me don't even know if MYEC can be able to "integrate" with banks or the reasons why they cannot be able to "integrate" with banks. I can't even sure if MYEC has any existing customer, or do they have any REAL business in hand? All I know is this company is now operating with the dilutive "LOC" and payback is due end of July this year......
So, if MYEC is a serious company wants to do real business, they should HONESTLY present themselves to their customers and shareholders.
Sorry to say that the Emperor is naked for quite a long time, people are watching the same porn-show everyday, how can they get excited?
Dear Emperor, please put on at least an underwear, it's cold outside.
Btw, wise people says "back-end" is where the profits are, can anyone tell which customer MYEC is "back-ending" for? TIA.
The CEO sells his shares is not uncommon in stock market, but if he declared in public that he's NOT selling shares and actually he did, then he has made himself fishy and ugly, like those debts and revenue....
It seems to me that the management is not very care about their own CREDIBILITY, which is essential in doing any business. Therefore to me, MYEC is no more than a OTC pink company, HIGH risk and only good for trading.
Usually it will be very bad news in a Friday afterhour, do you mean they will announce apps delay?
Thanks PennyStalker.
Guess shareholders have to pray for the "exponential growth".
Ed, please hurry and burn pnnsn24.....lol, just kidding.
The Emperor's beautiful cloth, only wise men or women can see, so now in my humble eyes, the Emperor is naked.
Even if the company finally have their apps come out in Jan/Feb, will the income grow fast enough for the expenditure? when is the first draw of "LOC" due pay back? I'm afraid further dilution is inevitable.
I hope Ed will burn me as well.
Seems the company is not able to update any customer they are now operating with and generating revenue, people start to face the reality, The Emperor has no cloth (at least for now).
The company in the past has PRed quite a few contracts/customers, but funny until now nun of them has really materialized, the reasons given being partners' financial problem, bank integration, payment industry frozen in the year end...., etc.
A company with no real customers, no cash flow, running on dilutive "line of credit" sure is in a dangerous position. I hope the company or somebody here can prove me wrong, but not just telling "every coming week will be interesting".
We shall see more clear with the next financial report, due middle of February?
Share-holders are owners of the company.
Put up new bigger office or hiring more people could only means more expenditure. That's why the company need to update if they are currently operating on positive cash flow or on deficit.
Most important, the company should be able to at least update which customers/contracts they PRed before are now operating and generating cash flow.
I think share-holders deserve to have this information.
And, telling people to sell their shares is a childish way to avoid questions.
Riverdog, if this contract has become operational, it's a very good news for MYEC. If it has not, the company need to clarify what was the problem.
At this beginning of 2015, it will be a good idea if MYEC could issue an update on which customers/contracts they have PRed before has become operatonal at present.
Has the CMS Electronic Check Gateway provided by MYEC become operational in 2014? which month? TIA.
I know, some people here are just big mouths.
But still, if MYEC is a proper company, they should have their share at this time in this market...., I'm very interesting to know what is their bottle-neck?
Typical reply, that's very funny.
Or please specify which clients/business is generating cash flow for MYEC now? TIA.
Please enlighten where is the cash come from for the operation?
That's being most worried, if affirmative, reverse split in 2015 almost for sure.
"line of credit"
Anybody have an idea if the company is currently operating cash flow positive? or in deficit? or we have to wait until the next quarterly report?
There will be further dump dump if it's now operating with that "letter of credit".
Regret to see a dump with large volume in the first of 2015, I have the same feeling that further delay of app/integration can be expected, if that's the case, I would suspect there happens to be a structural problem stopping the integration with banks, whether it's technical, bank/FED policy, ability....., the company need to address sooner better than later.
The Hongkong Government recently reiterate the roll out of e-cheque in 2015, and claims that will be the first region in the world to fully apply e-cheque services.
http://cw.com.hk/news/hong-kong-expects-roll-out-e-cheque-service-2015
The markets and potential of e-checks are obviously there, the lagging of MYEC makes people wonder what's happening?
Do you mean the PUMPERS are too busy selling them cheap shares... Oh I forgot there are WEAK HANDS in the market..... but, where are the STRONG HANDS? Lol just kidding.
I'm afraid the worst is yet to come if MYEC still could not show their ability in making revenue starting from January.