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Amen, the voice of reason
As I've said before, one of the reasons we're trading at these levels is because this was a spinoff & many shareholders got free shares & are willing to sell at any price, now it's up to the company to prove they have a viable business and bring in new investors driving us forward, lowered expectations for the 8k at hand, but the next quarter should be interesting IMO
Well, I hope you're right, anyways it's better to have lowered expectations & be delightfully surprised in the end, no plans on leaving untill we have proven sustained revenues either way, quite an opportunity here
GLTU,
Thai
You sound enthusiastic, but I can't help thinking you're intentionally setting them up to fail, considering the time of the contract (essentially November) & likely it would take time before the cash flow actually starts flowing in...
In an ideal world in which the contracts take off in full steam from day 1 & the client pays timely, we could optimistically looking at 2 months of revenue ($158,760 x2 + $375,000 x2 = $1,067,520), I for one have little to no expectations in the coming filings & look forward to the next (which I would conclude would be substantially better), anything at all booked on the coming 8K is just gravy of things to come IMO
So stating numbers from 5 to 10 million when we are likely to post well under $1 million is not healthy or realistic expectations IMO
GLTA,
TL
Ha! Looks like a copy/paste of what I got last year (minus the new name & moving the dates up by a year...)
WF, I agreed with you when you first brought it to our attention, just don't see the point in being a broken record as they continue to work the situation.
Management have had to jump through 1 hoop after the next, dotting their I's & crossing there T's, they achieved certification in the past & I see no reason why they couldn't achieve certification again.
I just wonder what else you're going to complain about once it's fixed, they launch the apps & start integrating clients...
Care to give us a preview?
WF, this screenshot was from Jan 3rd, as you can see, it said "denied" in the "History" section, but the "Active" section was "Waiting for Agency", on Jan 9th it changed status to "Deficiency" but that's not an open & shut case, looking at the definitions on BidSync;
"Deficiency: Means a Certification Officer has reviewed the file and determined additional supporting documents are required to make an accurate certification determination."
I have contacted MYEC on the topic, hopefully they have, or are in the process of providing the requested additional documentation, we will see.
But I can say that neither ACH providers, nor competition such as CheckALT or ZipMark are registered in BidSync at the moment, so when/if it happens, it's only a plus to the business at hand
Big numbers, that sucks...
Just another validation of our business model
A lot of focus on MYEC is how merchants will save big money on selling goods & services to their clients, but there is another way in which MYEC can benefit its clients...
If our clients opt to pay employees on the payroll (commonly bi-weekly) via MYEC they will also save big money internally as well, truly making a difference & helping bring profitability back to merchants
Based on when the contracts were signed, that's unlikely IMO (too close to the end of the quarter & takes time before the money starts rolling in), filing the 8K is a positive sign in itself. They didn't spinoff the company to close the doors. They have a good management team & they've successfully negotiated some big contracts & have a good business plan. I expect the next quarter to be of interest IMO
The problem we have here is that in the spinoff, people received free shares, so some have been willing to sell at any price, but once they start booking revs, many will take notice & re-evaluate their positions
I picked up those 18.6 million yesterday, this is not a quick flip investment, but those patient enough could see significant returns here
Best of luck,
TL
Nicely updated, would have missed that, thx
Oil hit new lows today @ 47.21/pb
https://ca.finance.yahoo.com/news/volatile-oil-dips-high-us-stocks-underline-global-033458377--finance.html
"Due to the freeze in the payments industry for the months of November and December, MyECheck expects all the apps to be available for download and use in January 2015"
http://www.otcmarkets.com/stock/MYEC/news/MyECheck-Updates-on-Progress-of-Mobile-Payment-Apps?id=88316&b=y
Lol, what I wouldn't give to be a fly on the walls in the MYEC offices
It will be a one time setup to use MYEC, then each site using us as the backend will only require login (similar to PayPal)
Thx 4 sharing
Today's Seeking Alpha article falls in line with my view, I personally have a co-worker invested in PGH which I've been trying to convince to sell for some time, finally he is convinced...
He (as I) had high hopes for PGH in light of the Lindbergh project, but you can't be married to your investment, you must be objective and react to material events...
cutting the dividends is a wise move on the companies behalf, but not so good for investors.
Those exiting today will be able to buyback at much lower prices tomorrow IMO
http://seekingalpha.com/article/2816385-pengrowth-energy-the-dividend-remains-intact-for-now
Yup, have been looking at that constantly, will surely see the RSI fall below 30 soon, normally that would be a sign to buy for me, but not in light of what is likely to happen here
Yup, I will wait patiently for my entry here
These guys trade Co.'s like cards
Check this out
http://www.edeposit.com/who-we-are/press/9/
Wondering how much of a threat Slyde will be to us?
Slyde is an app launched by GoPago
GoPago was bought by DoubleBeam in 2013
They offer both loyalty program & payment system which processes payments in real-time via check21 processing by none other than CheckALT...
They offer location based promotions & you pay with beacon...
Www.slydenow.com
Not bashing, honest question. Considering the contracts signed by SoOum were finalized on October 22 & SWRF's year ends 12/31, is it not possible we see nothing on the books in the 8K? Oftentimes it takes time for revenue to flow after a contract is signed, I'm thinking there will be plenty of time to accumulate shares until Q1 (which is good news 4 me). Hopefully we see some income though...
It will be incorrect once those 1.44 billion shares have been recuperated
Now if MTM1954 is able to buy those flight tickets through SIONIC, just imagine all the points he could rack-up
Our time will come, they are more focused on what is, rather than what will be...
We need to get some momentum first IMO
Apps, Sonic & VX, then if we stay in the family, we could become the backend for MCX & Pinnical, that would surely bring some attention
Yeah, wouldn't mind hearing from cayman_west right about now... He does tend to pop-up in times like these
Even when all of our known catalysts come to pass & we;
1) launch GreenPay
2) go live with all current contracts
3) crush Zipmark
4) launch our apps
We will still have 0% market share & a long way to go to reach 1%
Sky is the limit
Currently we have 0% market penetration exciting times
Hope you're ready for the long haul, because it doesn't look good over the next few years... If we get anywhere near $20/barrel... They may cut the dividends entirely. I hate to see this on a stock I've followed & have invested in on and off for years, but it's a different game entirely today... I had extremely high hopes for PGH, especially after their strong move on Lindbergh...
https://ca.finance.yahoo.com/news/oil-prices-remain-weak-supply-015736226.html
No change on expected approval doesn't mean the clock wasn't rest, just that it is still expected to be approved IMO
With every passing day, we grow closer to the inevitable expectations to be realized, had a hard time sleeping last night realizing tomorrow January is upon us...
"You hear that, Mr. Anderson? That's the sound of inevitability, that's the sound of your death, goodbye, Mr. Anderson."
It has been posted here on the MB several times already (if you're interested), but it's basically a forward looking statement of how they intend to increase SH value in the new year
He's not actually looking for any updates, save your breath
Just a general SH update anyways, let's see some real news to get excited about. 2015 should be interesting IMO
4 billion float!?!?!?!
Really!!! That's about 4 times what investors have been lead to believe, down goes the ship, lol
Tight spread & a hefty 370 million on the ask!!!
Smells like champaign, about to POP!!!
Surprisingly he only has 41 followers
it says we are golden, lol
Form 10 resubmitted!!!