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lol.. this is 100% false. The Form 10s prove this.
Its so true. No one has taken complete hold of the market we have that chance. Even if someone else does take control other then us, our backend is still highly valuable.
Again 100% false
Trying to get cheapies
you have to learn sarcasm
WRONG
ALSO EDS NAME ENDS IN D THE SAME LETTER THAT IS IN DILUTION. WOW
Not really a viable idea, it cost a ton to go public. Pwc states 200K to 7 million for an IPO. Plus I think Ed was motivated to get Myecheck to be succesful.
wait are you putting Ed at blame for the fiscal recession?
The Fins
It was only one day. The next day it dropped back down and at one point in 2013 it almost hit trips.
You don't understand. Ed is always lying, unless it's negative then it's true.
I hope the focus can shift from this Sierra Global nonsense being spewed and move to future prospects? Can MYEC develop a market share in the payment app space. Will Africa be effective? Etc
It's all lies, unless it's negative about MYEC then it's 100% true
You didn't read the part where Ed addressed that? It's lower down in the paragraph.
Also, more explanation on the restating on revenues in the annual statements.
Sure let me do all the work for you. Even though I told you where to look.
Most of these are answered already except for 4 and kinda 3
Ed possibly sold some shares ( I don't remember the amount) awhile. The difference was between some old forms. Sierra Global has been a payment platform for non US banks. You can look at the quickbooks links that was just posted for a description. Ed stated in the first CC what he did for Sierra Global. All you need left is 4.
FALSE
E. Principal products or services, and their markets (Cont.):
Merchant Reporting
Through our Merchant interface, MyECheck provides the following reports:
? Detailed transaction history
o Successful
o Failed
? MyECheck fees and settlement statements
In addition to the above, pertinent information is returned at the end of each transaction to facilitate reporting on the Merchant side.
Cmon bro, no need to spin what I said. There are a ton of examples of niches taking over the market place and being revolutionary.
Netflix
Apple
Yelp
Tesla
Etc.
In my line of business some merchants will charge an extra 3 percent for trying to pay with a CC for 100K invoices. Thats an additional 3K dollars. To state there is not a niche for MYEC's platform is foolish.
Exactly, you cant believe the part of about the lawsuit and then don't believe the part about paying it off.
Hence the word big CC, the Annuals Conference Call discussion, but I understand that was a little ambiguous. The last conference call was just kind of thrown together last minute. I think he took it down because his legal team probably advised him against talking about that in public IMHO.
Ed is a charismatic, emotional guy, something I like in a CEO. Its the lawyers and finance team that are supposed to advise him.
Ed allowed questions from Twitter and he answered everyone last time he did a big CC. The problem was a lot of people on this board where to scared to ask any questions (including you)
its on the public page. I knew the dates had something to do with it. We won't truly know until this gets taken off.
Btw did you really pay to download that lawsuit? lol
Yeah I dont disagree that but maybe it hasnt happened in the courts yet? I really dont know.
Look at the dates. Lawsuit filed the 14th and the PR filed 16th. I dont know what that means but it probably means something lol
False, Ed starrs share count has stayed the same.
The company has issued shares tho to pay debts.
I believe if memory serves me correctly a lot of those amendments were for expansion on items (like the TCA details) and a description of major events that occurred after the balance sheet date, etc. financials. I highly doubt Ed drafted the fins as a CEO never does that. The CFO put what he thought was necessary and it was obvious the SEC wanted more information.
agreed
I dont know but I think the sneaking it in logic is weak, especially that it was resubmitted a second time.
lol cmon bro, really?
yeah no ones disagreeing that, but I am arguing the fact that Ed wouldn't put the form up initially to just take it down. He wants it to be approved otherwise they wouldnt have done the edits
You use the CC cause Amazon rewards you by it. If Amazon wanted to save 2-3% and then reward you using the MYEC app, would you use it? Probably. Its the merchant forcing the app on you. The consumer doesnt care about the 2-3% obvi but I dont think you get that point.
ITs common knowledge that this was pumped by the Marijuana buzz and GM tech and his gang.
Most people dig through the form 10 and pull up this new information. I dont see why people just think Ed would expose all this info in the form 10 to just want to pull it down before being accepted. That doesnt make any sense. If that was the case wouldn't he just not put that info in?
Demand is driving from the merchants end save from fees, causing them to pass on the savings to the consumer. This is the current marketing strat.
They like cash because they hate fees. Holding Cash on site is a huge liability from both external and internal forces. You have to have strong set of controls in order to mitigate the risk of loss. Most small business dont have this, this is why MYEC wins.
Also, some small business like cash because of tax fraud but thats an entirely different issue.
lol "everyone use cash instead" obviously society is moving away from Cash. The niche is to solve this issue at a lower cost. MYEC does this. The potentional is there