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Interesting...
I wonder how the bond sale is going?
Interesting to note, the $4.1 billion in assets is only from one of our 3 decisions!!! Hopefully they have all the audits done across all 3 decisions
These micro trades are funny today, but it will be the norm when it's trading at multiple dollars
You got the just of it, but considering the offer they refused in 2013 for $327 million (pre wellness juice launch), which helped them book over $21 million in sales in Q1, along with a number of acquisitions, one would presume the assets of GBHD would sell for a nice premium today...
Combine the sale of those assets with the $600 million in bond offerings, I wouldn't think it to be necessary for a substantial dilution of the current share structure to raise whatever capital they would need (unless they had a huge financial commitment or target acquisition in the near future)
Yup, August 10th should be a day to remember for a long time!!!
That's twice what GBHD is worth as a whole (which is equivalent to a backing of about $4/share under current structure...) someone thinks it's worth it
Even if it doesn't, when they move forward with the secondary offering, the investment community will understand the true value of this investment & I can assure you... The IPO of these new shares will be in the multiple dollar range, not pennies
I love the sound of that!
Still undervalued by 30,000% ;P
It seems to be a little undervalued at the moment
With a little over half a month to go for our financials to be released (& they've been releasing them early consistently for the past year), we know they're audited & if combined with our suitors numbers, it's an exciting time to be investigated here!!!
Not only will the numbers be spectacular, audited & filed with the SEC for uplisting. We should also see full disclosure on who is taking us over. I suspect they're simply waiting on the new ticker to "release the hounds!".
If all goes according to plan, I suspect they'll be aiming for the BIG boards rather than a higher level in the OTC! Stay tuned
So, I ran a few numbers for fun. The outstanding shares of GBHD is currently sitting at 171,451,246, the offer in November 2013 valued the company at $327,040,998. Our suitor's auditors valued them at $3.75 billion Euros (or $4.1 billion USD), combined with the assets of GBHD brings them to a whopping $4.4 billion... Book value based on our current outstanding shares brings us to $25.66/share (OMFG!!!), give them a conservative P/E of 15 & that would bring our share value to $385/share... Obviously the company intends to raise a fair amount of capital with its secondary offerings, but reaching the BIG boards certainly shouldn't be all that difficult...
GBHD is currently authorized to have 900 million shares, even if they maxed out this number, that would bring our book value to $4.88/share, factoring in a P/E of 15, they'd be sitting comfortably at over $73/share. The current PPS may very well be the most undervalued share in the history of the stock market (just saying...). Place your bets!
Payday baby!!!
If all the DD pans out, we could be looking at $2+/share!!!
Protecting your assets is always a good strategy & never leave all your eggs in 1 basket, but my favourite quote is from the man himself;
"With a wonderful business, you can figure out what will happen; you can't figure out when it will happen. You don't want to focus on when, you want to focus on what. If you're right about what, you don't have to worry about when"
- Warren Buffett
I believe MYEC is that "wonderful business"
1st, please read my post properly if you're going to try and bate me...
1st I posted that I had DD to share on Dwolla
Then you bate me by asking me what would be the reason someone wouldn't use MyECheck (completely the opposite direction to what I was sharing)
I responded with "I don't know of any reason someone wouldn't use them"
I did NOT say "I don't know why people aren't using them"
If you don't know the difference between the two, that's your problem, not mine...
Then you respond with this garbage response & claim "Facts"
1) Dwolla is used "TRUE"
2) MyECheck isn't used "FALSE" (if it wasn't used, we'd have no revenue at all...
Here are some more FACTS for you;
1) MYEC has delivered on all promises (though be it late, more often than not)
2) the industry is in need of a real-time payment service & we offer the best solution in the US market today (prove me wrong)
I know quite well what I own & know more about the company, industry and competition than most
Please spend more time reading & try understanding before you reply to me, don't want to make you look bad
We are all disappointed with delays...
But interest being gone, now I know you're crazy!
Nothing has changed, only timelines. This has always been a hit or miss investment. Either they deliver or not. My belief & bet is on the company being able to deliver & I will remain a share holder until they give me reason to believe that they can't deliver.
"Name me another publicly traded company with as much potential as MYEC and I'll tell you why you're wrong"
But as with all shareholders, we don't wanna live in "potential" anymore... Time to deliver
Trick question right?
No fish wants to be around a hunting dog, lol
I've got a riddle for you:
If yesterday was tomorrow, today would be Monday, what day is it today?
Lol, reminds me of this video
It's being manipulated by the MMs
They are dropping the pps so they can load up & when they get their fill, this stock will take off!!!
Don't tell anyone, because we need to load the boat before it's too late!!!
Sell the other half yet
I don't know of any reason people wouldn't use MyECheck ;P
Have you read Dwolla's legal disclaimer?
https://legal.dwolla.com/tos/
Specially section 1.1 which they were kind enough to write in bold:
" THE FUNDS HELD IN THE HOLDING ACCOUNT ARE NOT ELIGIBLE FOR INDIVIDUAL INSURANCE AND MAY NOT BE ELIGIBLE FOR SHARE INSURANCE BY THE NATIONAL CREDIT UNION SHARE INSURANCE FUND. IN THE EVENT OF A FINANCIAL INSTITUTION PARTNER RECEIVERSHIP, YOU MAY LOSE VALUE. "
I can't understand why a government agency or any other business would do transactions with them... Why risk all funds in your account when about every other bank account in the country has this insurance... I guess the market is dying for real-time transactions to take such risks...
Oh, you mean you still have to load & unload accounts with ACH? Ha, still room for MYEC to improve Dwolla's service if people & businesses are still willing to risk their funds with Dwolla
No one wants to know why I wouldn't use Dwolla???
If you have access to a PC to upload my DD here, PM me your email and I'll tell you why you shouldn't use them
If you have PM, send me your email and I'll send my DD on them, can't attach an image with the mobile app...
We should know more in about 1 weeks time (April 15th)
Stailmate trading
won't be filed on time...
http://www.sec.gov/Archives/edgar/data/78311/000109181815000040/0001091818-15-000040-index.htm
Though, I'd assume, if there was revenues of 0$, there would be no reason to file late
In the good old days, news of winning tonight's award would have lit up this board & there'd be literally close to 1000 posts by now, honestly glad it's not as pumped as it was, the award is great, now it's time to deliver & merit what we got
Congrats all longs!
There are many in the payment space that have never heard of us, this should peak their interest!
Would be an ideal time to deliver on something, so they can take note when we say "hey world, look what I can do!"
Lol, no kidding... Can't wait to start the next chapter!!!
No PM, but not about MYEC
Some have expressed disappointment in yesterdays PR for Access Payment Systems, saying they are small, no information on them, etc, etc. Well I'll say they're not our biggest client, but they are bigger than most believe...
If I told you we signed 3 new clients, would you be happier? Well in that case, be happy...
APS has the following clients that we know of, they support BUSINESSES, NOT END CLIENTS!!!;
- Missions Ministries
- Association of American Educators
- Urban Skye
They offer a wide range of on-line shopping cart integrations http://www.accesspaymentsystems.com/…/PaymentsGateway_Suppo…
And a good variety of POS hardware solutions http://www.accesspaymentsystems.com/point-of-sale-systems-e…
I believe they have many more than just 3 clients based on offerings & how long they've been in business, Sushi Groove could easily have been 1 of their many clients
Good times are upon us!
I'm not really back, this MB is toxic, I just thought I'd drop by & remind some in doubt & despair what we're all hear waiting on.
It's hard to watch what's happened to the board, I wish all invested the best of luck whatever your strategy will be
Some will jump ship at the 1st signs of light, or when we hit & surpass the 52 week high, but if you can truly see the potential & where we're headed I hope you can see the light through the clouds
I've said it on FB & I'll say it here...
"Name me another publicly traded company with as much potential as MYEC & I'll tell you why you're wrong!"
Cheers,
Thai
I hear you there...
Certainly things have developed slower than expected, but they have developed...
I like the partners we've gained, several of those have been doing quite well, which in turn will be a benefit to us once we go live.
There are many things in the works I'm quite excited about, we apparently have 2 banks & 1 CU as partners and the IT company for the CU (Flex) has had their work order for 4 weeks now, so I hope to hear more on that this week or next.
I expect to get an update on the share structure at any time now
There are a few hints our next acquisition would be of a payroll company
our client Maverick BankCard, Inc has made the list as the top 50 payment processors in Feb 2015
in regards to same-day ACH, the Feds have expressed their dislike for adding an 8.2 cent interbank fee & NAFCU says it would not be "economically viable" without it, sounds like a stand-off, I like it
SionicMobile has posted that v4.0 with 2% off is coming soon (good sign for testing)
MJPAY expected to go live this quarter (which ends March 31st)
Further action from the Feds expected this month!
Innovations award to be given (hopefully to MYEC) this month
Seergate acquisition is about to complete (6 weeks would mean March 13th) with apps to be launched 2 to 4 weeks afterwards
What's not to get excited about!!!
Personally I don't really care much about guidance on revs as long as we continue to show progression, the thing I like most about our business plan is that once we sign a client, we move onto the next, no need to hold their hands and pamper them, it's not like a client will leave us to return to ACH... So my biggest thing is that I'm itching to see us get some of our clients to go live. Nothing else
P.S. My thoughts on Sionic over the competition. It's a fine line between merchant & client satisfaction, if you target one over the other, you'll limit your market penetration (example: AppplePay who target client satisfaction over merchants, they offer ease of use for the client, but at a price to merchants via overhead charges & costly upgrades to POS, or CurrenC who target merchants via reduced fees, but offer no incentive to clients), I feel MYEC/Sionic target merchants through reduced fees, but offer incentives to clients to use it via the rewards (win/win),
lol, it's been a while since I looked at the board & this post reminds me why. Anyone spending this much time on a MB has a lot at stake, it's certainly not out of the goodness of their hearts.
A lot of the names of top contributors from a year ago (InDaZone, Inzane, Long-N-Strong, Supervisor, etc, etc) are still highly invested here, we've done our research, exchanged thoughts & ideas & all know what is coming.
I'm sure this post will disappear in the swarm of posts, but just thought I'd give a shout out to those who can sift through the BS day in & day out.
Exciting times are ahead of us & I personally haven't been this excited about this company since the days we broke the 8c mark
Do your own research & trust no one on the MBs (pumpers or bashers, ok, trust but verify), no doubt there are thorns amongst the roses, but yet the ladies like them & I love MYEC
Good luck to all longs,
Thai
well, one was filed this morning
Well said, the industry needs serious charges & MYEC has the goods to lead the way!
Everyone should go and vote, no excuses MYEC is the future & should be recognized as so...
It's your duty to support your investment!!!
http://www.theinnovationproject2015.com/innovator-awards/
Sounds plausible to me! Very interesting find
That's what I'm talking about! We don't need to wait for Sionic to get out there...
did I say "accepting payments"? I can't see where I did. we process payments
great technical perspective, truly appreciate it!
so if each of our app licensees are with different institutions it could take a while then
so gives a new perspective to the V3.0 PR here
hate to agree with WF, but in this case I do, you say the apps are good from MYEC's standpoint & we're only waiting on Sionic? Sionic is not the only company we are launching an app with, what's the holdup with the other apps? It is still in MYECs corner IMO. But it will be done, when it's done. what about going live with MJ-Pay?