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This thing is NSS!!!
Just how many shares no one knows right now. One thing is certain, when this company gets rid of the chill and business moves forward, the price will move up. Also when name, symbol, and cusip# are changed, we will find out just how big or small the NSS has been.
I personally believe that the NSS is at lest 4:1, but that is just my opinion.
I received this from Tom as well.
The 600k note issued in 2010 was a settlement to Lawson Pillay. The note is not owned by John Banks nor controlled by him.
Some investors have mistaken a company with a similar name incorporated in the UK with Rich Capital based in Hong Kong. These are two separate companies.
None of the 600k note has been exercised by Lawson Pillay because there are stipulations attached to it, including the return of documents by him to the company. This has not happened at this point in time. The amount continues to be booked as a non current liability for accounting purposes.
Tom Hands
PayChest IR
Aim2Plez:
What are you trying to say?
There has been NSS of PYCT for years.
I just don't know how much. In my opinion it could be as high as 5:1. I do think we are looking at least 100 million shares.
I think the dam is about to break and there is going to be a big rise in the pps as the NSS's are force to cover. I also think that this company is about to break the chains that have been holding it back and we are going to see product from production.
JMHO
Thanks for the info CJ!
I heard from Tom last week.
He said a PR will be out soon. He said the company is going to give us an update.
Sure not happy about that.
Has anyone seen their shares yet?
http://finance.yahoo.com/news/pv-enterprises-international-inc-messages-184500779.html
Let us know what you find out.
.002 X .0022
My cost average is .012.
Will it ever get back up there?
What happened?
To the merger and name change?
These stickies need to be removed!!!
What is naked short selling?
It is selling stock in a public company that you do not own and you never deliver to the buyer. Honest people call this stealing. This is done daily by many big banks for themselves and or their customers.
How can this happen in today's environment?
30 years ago stock physically changed hands in person between a buyer and a seller on Wall Street. Today its done electronically. In many cases the stock is sold electronically, but never delivered. In essence our system has trillions of dollars of stock IOU's that will never be collected.
What is the scope of the problem?
It is the belief of many experts and others that trillions of dollars have been stolen from hard working Americans by selling them counterfeit stock that does not exist. This unscrupulous conduct still exists today.
What are the consequences to average Americans of naked short selling?
1. Steals money from hard working Americans by selling them counterfeit stocks
2. Destroys good public companies that have products that can make all American lives better
3. Has destroyed millions of jobs by destroying these same companies whose stock is being manipulated.
The collapse of the economy in 2008 led to an emergency ban on naked short selling..... other countries reacted in the same way and addressed the issue. The United States of America lifted the ban and placed the issue on the calendar for July 2012.... four years later.
The question is what is being done now to enforce the existing rules and resolve it?
What is your facebook page?
Hurray!!!!!
CJ
That is for the other PYCT
It doesn't get any more clear than that.
Yes. This company is dotting it's I's and crossing it's T's.
I don't believe that Tom Hands would post here.
He really doesn't care what happens on this board or any other one for that matter. He told me that boards are a joke and a waste of time. He would never get involved with them.
Thanks for the info
NASDQ trading now.
Tom sent me an email today that says there will be a PR
It will explain what went on in the shareholder's meeting.
You do not want a R/S!
If there are phantom shares, it will eliminate those shares. You do not want a R/S until after we see prices well above .01.
My ordered filled with E*trade
I now have 238+ million shares
I have a buy order in.
It has been almost 90 minutes and not filled.
10 am pacific time is......
1 pm EST
Good deal!!
I strongly agree.
They have a lot of money invested in this to let it stay at .0001. Our day is coming and I am 235 million shares strong.
Any time I received a Proxy vote option....
It came through the brokerage firm that was holding my shares. I never got anything directly from a company.
It is quiet here today.
I hope you are right. We are long overdue.
The transfer agent will send a Transfer Agent Verification Form to FINRA that includes pertinent information to ensure the corporate action flows smoothly in the public market. FINRA and the Depository Trust and Clearing Corporation then place the announcement into the public trading system so that all brokerages and banks will see the record dates, the effective and payable dates, any applicable new CUSIP numbers and other appropriate data necessary for the proper settlement of trades.
MM's tried to shake and rattle the bushes today.
This is not the first time that they have tried. They want to make it look like someone is dumping. The only thing is, no one is falling for this ploy.
MM's are very nervous at this point and they are afraid of what is coming.
Hang on people to the wildest ride up of your dreams!
At this point everything is just conjecture...
We do know that IR has sent out emails stating that there is going to be a name, symbol, and CUSIP change. What happens from there will have to be seen.
IMHO, I believe that there are a lot of Phantom shares out there that are going to have to be covered. Just how bad the short might be is anyone's guess at this point.
I own 235 million shares and have been around since way back in the MLON days. I will not sell cheap. I do think that this company is for real and still has contract(s) waiting to be filled.
My feeling is that this year will be a good year and the company will be moving forward.
Tom sent that email to a lot of people.
He sent it to me as well. IMHO we most likely will see this all happen this month.
I say the bottom will be below .02
I will settle for .01+++++
Like to see .03-.05
Bought 50,000
If there are phantom shares out there.....
will the name & symbol change force the sellers of these phantom shares to start covering?
"I believe there are more shares (NAKED) than there are certs. SOMEONE IS RESPONSIBLE to insure that those "EXTRA SHARES" are cancelled, by "BUYING THEM BACK" (They SOLD, and now must BUY)."
I agree with you.