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According to Ed, there is no net dilution! LOL.
Dangling carrots are no more effective, a proper company should be active more on REVENUE.
With no/low revenue, the company will be eaten alive by the loan shark before winning (IF) the law suits.
IMO, focus on REVENUE is the top priority of MYEC, nothing else.
Deja Vu, active again for Jan.15? lol.
I think the 1st priority of MYEC now is to focus on increasing of revenue.
What is the chance you think that trading will be halted during the legal process?
Perhaps WF has a better answer lol.
Perhaps the company need to clarify if MYEC doesn't own the patent, how they can successfully destroy ZipMark, or go after CheckALT?
IMO, uplisting may not help much on the pps, there even might be sell-on-news when it's announced.
The only thing helps pps is REAL revenues. People hears cry wolves so many times before, now they would wait and see if the wolves are coming in time, or if there will be traffic jam again as usual.
In my humble opinion, it is dangerous to invest just base on "belief", especially on other person's "belief". Please DO YOUR OWN DD.
If there is an INVESTMENT so sure to have 40 times return in 2015, there is definitely a Santa Claus in real life.
Sorry I'm not trying to offense anybody.
No, to say YOLO has no friends here is not correct, he doesn't walk alone lol.
Buy in a stock is easy, but knowing when to sell is a great art, needs discipline and luck (of course insiders are different). Btw, it's completely unnecessary to fall in love with a stock.
Lol, very well said WF.
I recall my first bought in MYEC was July 2013, still I always alert to fishy smell.
Yes, I would always be careful to my investment.
Tks WF, people should aware that this is a high risk stock good for trading only.
WF, I wonder if this would lead to legal actions against the company? or it's just a common practice in pink sheet OTC which investors should tolerate? to me, it's an interesting case to learn.
Actually in business, I'd rather prefer to have a hundred small customers than just 1 or 2 big customers.
There is an ancient Chinese saying "The thousand miles journey starts with a first small step".
As long as their customer base keeps growing, and the dilution (net or gross) keeps under control, one day we'll find MYEC in a much more comfortable position.
LOL, now I know what is the meaning of "no further NET dilution".
Hope MYEC could be "operating cash flow positive" soon.
Thanks, is "no net dilution" simply means "no dilution"? or what is the diffenerce?
Any idea, is MYEC currently operating in deficit or can their income balance the expenditures (say monthly/quarterly)? If they are in deficit,
how long can it last without further debts/dilution? TIA.
That's right, IMO it's only beneficial to MYEC to file this F10 right away if everything is cleared (they implied that it's the FINAL legal review). If the filing is being continuously delayed as it is now, people would conclude that there are legal issues in the filing and legal issues normally cannot be solved in short terms.
Real investors will not take cry wolves companies serious, only traders.
A story from primary school :
The shepherd boy cried wolves three times and lost his sheep....
Good questions WF, I appreciate your factual DD.
Would that mean the "Bank Integration" is still far far away from being established? What's the bottle-neck?
Thanks, pls inform us duly.
MODi, thanks for your post.
MYEC may just PR their progress (in business, not infra-structures) don't even have to mention clients' names, for example, how many clients achieved in last month etc.
Isn't that another one due to be unrestricted on Aug.22?
Seeing the continuous dilution (debt shares unrestricted, assume 1 year restriction) upto Feb.15, investors ought to be cautious. IMO, the biggest risk for OTC stocks (besides suspension) being the death spiral of dilution followed by reverse split. Therefore It's quite simple for MYEC to regain investors confidence, they just have to PR briefly how many clients now in hand (e.g. Simplifile is very good at this, they PR every client they achieve), they don't even have to mention names of the clients. In doing this, investors will know MYEC is having revenue streams thus no need to do further dilutions.
Hope the coming financial report + PR will make that very clear.
I feel like being in a 2nd-hand car sales market....
I truly hope MYEC proves itself by the financial report next week.
Is Bill the same guy who said "Nasdaq power house in months"? I can't remember.
Painfully earned experience.
Payne78, I share the same feeling with you. I sold half of my position and the other half are more or less free shares, so I can wait and see.
I know a new start-up business is not easy at all, lack of performance in the past few months may be understandable, but most
disappointing me is the indirect dilution which likely will be carried on until at least next Feb. At this moment, I only hope the coming financial report will show that MYEC really is building up revenue streams to stop further dilutions.
To me, bashers and pumpers exist in every board, at the end everyone
responsible for their own investment decisions. But I think bashers are better than pumpers, because a basher may make you miss a chance
to profit, but a pumper can make people lost their hard earned
money. So I beware pumpers more than bashers.
I don't think it will be soon, since MYEC just advertised to hire somebody to handle the bank.
LOL, I won't hit the AS$ knowing that there would be trucks of debt shares unrestricted by mid August.
Any rules to regulate as to whom those shares were sold? I think many people would like to buy some.
Yes, usually they will create or wait for best moments to unload, therefore don't forget to take profits on every spike.
That's disastrous imo.