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This was something that was done a year ago. At the time it made sense to get MYEC out from under its debt load. It also allowed us to buy shares on the cheap. Ultimately yes it woulda been nice to keep the shares limited, but financing down in the OTC is typically toxic. And there would have been no guarantees the liquidity would have been there for them to raise the funds on their own.
I dont expect to see any more shares popping up. Im sure there will be exec stock plans, but its possible a buyback will help even that out. Im sure there will be a hefty chunk of the float bought back over time.
Tens of millions possibly or even hundreds of millions within a couple years, once the proof is in the pudding. Shouldnt take too long to prove at this rate.
And Mj-Pay is going to be a sweet "little" windfall for us short term im guessing. i see anywhere from 200k-$1,000,000 in transactions in its first full quarters to a year out. I think it has potential to spread faster organically than anything else out there right now. Sure we can ink a monster deal, but locking down an entire community/industry as big as Colorado MJ also will probably reverberate to other MJ outposts in our mighty realm.
What just happened to me there?
But Well grow as legal MJ grows in the USA. And the consumer transaction volume will be huuuuge if we end up with an outsize share of that market. A market that just so happens to ooze cool and cutting edge. Hence Ed is in Colorado lol.
MYEC
And three months from now well probably have $3-$5 million in cash. And so on and so forth ad infinitum or something.
MYEC
Thats right i keep forgetting. The damn patent isnt even on the balance sheet yet. Geepers.
Yup we have 1.2mil in shareholder equity. We actually generated a profit pershare ofMYEC. It was like .000087 or some crap lol, but it will rise fast.
Well over a million innthe bank and going way up.
They think the deal was signed this year when it was signed way back many months ago. Thats why they think we should have just used our cash from Q1 instead of agreeing to the additional debt share issuance. Doesnt work that way tho im afraid lol.
Unfortunately most of the capital down here in pennies is very toxic financing. MYEC was no different. But it has allowed us to get a piece of a world class entity for dirt cheap when otherwise we would not have. The issuances are over so its all good.
And3 or 4billion shares, it doesnt matter whenu have a valuation in tens of billions.
Were gonna be laughing our asses off a year from now.
MYEC
Well, MYEC had debt, so to remove it all from the books and start fresh they made a deal where shres would be issued in return for payments, the shares have been issued over the last year or so every couple of months, as you can see by clicking on the link. So it raised the share count to 4.1 Billion. The CEO controls roughly half.
I expect a share buyback and retiring of shares to be one of first orders of business now that they are becoming comfortably profitable. They could start with as little as 100k a month and move it up as profits grow. With such high profit margins well have the extra cash to not only do it but to ramp it up significantly within a years time. JMO of course. But over time I can see buying back half the float.
MYEC
No their were debt issuances all the way into this year. You can see them, along with the current share structure at thie link:
https://www.otciq.com:/otciq/ajax/showFinancialReportById.pdf?id=120972
But they are all done now as the debt is all gone from the books.
Accumulation line took one of its biggest dives. Assume the selloff will wrap itself up soon. Any buying pressure will turn us north in a hurry. RSI is way oversold aswell. May just take another piece of news. Or it may take till q2, but I doubt it. But dont waste the opportunity. Make lemons out of this lemonade...its not the other yellow fluid that some may feel may be happening lol.
Went from $1 mil profit 2013 to 5.2mil average minimum for 2014 in one Quarter. Next quarter well probably have a 4 quarter average of $10-20 million in profits. Its moving soo damn quick.
MYEC
No doubt. We think alike IMO. Its inevitable here. December will rule, but imagine December 2015 or 2018. Absolute mindblowing.
It gets much lower im going to suggest we all head for the couch cushions to load every last share. The turnaround will be as dramatic and pronounced as our first run. Still buzzed up from that Q1 PR. Over a mil in cash, 1.6mil revs, 1.3+ profits, DTC sponsor, Auditeds likely by August 15. Just stunning ramp up in revenue growth. If/when they repeat these crooked big quarterly gains for Q2 I dont think it will be contained any longer.
Take advantage ;)
MYEC
I know right. Itll be so easy to do business with my dealer, er, uhm, my, uh. My. Er, any business or friend with MYEC.
MYEC
Nope.
Crazy oversold. RSI barely has a pulse.
Just Wait till it sounds like a mini-gun ;)
"The M134 Minigun is a 7.62x51 mm NATO, six-barreled machine gun with a high rate of fire (2,000 to 6,000 rounds per minute)"
MYEC
Word.
MYEC
Wow they filled me Eod to tank the price it looks like Lol. Got my 40k at .0302. Bittersweet to be sure, but thanks to the dummy who sold to me.
MYEC
ESPN just reported CC Sabathia had a stem cell injection from Dr. andrews to help with his knee injury. Gee I wonder who he used? ;)
SVFC
I got 40k at .03 if it gets there. Otherwise ill slap away when we break thru .04
MYEC
Im tellin ya Itd be lucrative for me to start an over/under pool for the amount of times fellow board members tell other board members to "relax" or "chill", or more agressively "stop whining" or "being babies" on a daily basis.
Its as if people are proud of *themselves* for not being worked up on a given day and thus look for any reason to claim "the high ground" of being in control of their emotions when their is any slight potential reason for them not to be.
Again, Im pretty sure most of us are relaxed, and if not, guess what? Anyone telling people to calm down or relax clearly should know it must not have worked the hundreds and thousands of other times people have said the exact same thing, because peeps r still finding reasons for it to be said ad nauseum.
Im just going to chalk it up to people reminding themselves not to freak out. Its the only way to make heads or tails of it lol. Cuz, last time I checked, if you tell anyone to calm down in the real world during a convo it will produce the opposite effect.
MYEC
Uh, creative but not likely lol.
Bid showing .0362 with a .0347 ask? And the volumes r all jacked up on the Hub too. Whack.
If you hold em for awhile you r more than safe. You r wealthy.
MYEC
:) :) :)
MYEC
No he doesnt have control over that. He said very soon and they have everything taken care of on their end.
Yep. We can infiltrate every aspect of where money is moved and do it better than ever before. Its just that big. Just going to take time to spread to the various corners of the economic infrastructure, but we will!
Revenue growth:
Q4 2013: $358,000 from $78,000 for 360%.
Q1 2014; $1,362,000 from $358,000 for 280%
Q2: ????
Yes, thats 640% growth for half a year.
As for where the shares came from, there is an additional filing that confirms they were debt issuances.
And its only ***500 bucks a month**** to store our stuff at QTS for the next three years.
MYEC
Cash and cash receivables were increased to $1,687,068, and as of May 15, the Company has $1,078,964 in cash. Stockholders equity was increased from a $1.2 million shareholder deficit in the same period previous year, to almost $1.2 million in shareholder equity.
MYEC
Dunno. I'm sure we could give it a shot. I'd be more inclined to have the company engage in those activities otherwise we'd be using our own resources for that when I'd rather buy shares lol.
Personally I'm almost completely past focusing on any stock shenanigans here. The writing is on the wall. Be it a week a month or a year from now well have breakaway velocity and no one will be able to touch us.
I'm aware of what an ugly scenario looks like when the bash brigade arrives. A known shorter with resources doesn't make things easier. But I'm not going to back off because of fear of what could happen. I don't give a rats rip what any of those guys think or can do short term to a stock. I'll take cheapie if peeps r gonna be shortsighted and panic like u suggest might happen.
If u r in it for the long haul which I know u r nothing should phase you imo. Now down and give me 20! ;)
MYEC
Yaaaaawwwnnnn. Giving to much credit. You r roundabout saying MYEC fundamentals don't matter IMO. Sure we can be slowed down and already have imo, but we'll bust out eventually.
Peeps will realize how insanely fast our revs r growing soon enough.
They do it at market value, but have restrictions on how much and when they can buy. For example, i think they cant buyback in the last half hour of trading. But i wouldnt expect MYEC to get to the more restrictive stuff until they have a much higher revenue total, when it gets into percentages of the daily volume limits and such.
MYEC
I was under the impression those shares were part of the debt payoff. Their had been significant amounts of shares spread out every couple of months, so ijust figured it was the tail end of that. Id think there will be some share plans for executives too. Ed cant be the only billionaire in his companys office lol.
The share structure is no different to me between 3-4b in the scheme of things. If this stock does anywhere near what its capable of well be worth tens of billions (or more) This is a disruptive tech without question. The Freakin Fed likes us and weve already got Intuit Quickbooks and others cranking up revs.
Plus i expect a buyback of much of the float at some point. And it will be significant because well have lots of spare cash with our absurd margins.
MYEC
Microsoft started out of a garage. And im pretty sure our new model of revenue growth is probably faster than Microsofts was. Our costs are also going to ridiculously low. microsoft needed materials and layers of support groups. ALL of that stuff is automated with MYEC. We only require hardware for storing all of the insane amount of transaction records and such, and that is just the ultimate in efficiency.
The point was a MATURE company can have the share count we do and still have a high dollar value per share. It all comes down to market cap anyway, not the share structure. If we have revenues and profits to be a billion dollar company, and we are certainly trending that way rapidly, then we are going to be in the dollars and then some over time. Even 200 percent (instead of the last few quarters of 300%+) QoQ growth throws us at more than ten million in revs in a Quarter, meaning a pace of $40 mil and likely 20-30mil in profits within a year. Run those numbers out another year and were at $320 mil in a quarter creating over a bil in revs at that current pace. Do some normal PE valutions and multiple dollars are inevitable within a couple years easily. Throw growth 5 to 10 years out and its difficult to grasp, because we arent going to be losing any business. We re a runaway freight train.
MYEC
Exactly. In fact I may email Ed and tell him to keep it right where it is just so he can stick it to the doubters who think we need to "paint the tape" or do what is just a superficial restructuring of the same damn market cap. When it in the $7-16 range I want people to have a salty crow samich. But they can spit it out cuz they are still faithful longs who have way more millions than me lol. ;)
MYEC
Id only doit if were a corrupt industry that needs to go away to better mankind. Like Big Oil or Coal. Even then id have a hard time doing that to the innocents whose pensions have a stake in those entities. At the same time those same people should be activist enough to know where their money is going, so there is some justification there, but I just cant grasp spending my money to take MUCH MORE of it away from others. And shortys usually know their way around and game the system as much as they can. If they were forced to use those skills for good by taking it away completely everyone would benefit. Alas, we arent that enlightened yet.
Yes Ive heard the liquidity bs excuse many times before. What a crock IMO. Id rather have less liquidity then have ANY downward pressure on my PPS.
Anyone who shorts is at least part poser. Regardless of its legality, its just unconscionable. Literally betting on companies to fail AND directly affecting their ability to succeed by supressing the share price so said companies cant achieve maximimum efficiency when raising money.
If shorting in all of its forms was outlawed thered be ALOT more money investing on the other side of the coin, and no question more companies would succeed.
Its a guarantee during the 07-08 collapse that Shorters made billions if dollars while destroying trillions in overall wealth. So f777ing counterproductive. Obvious greed and an legal scam.
Good thing MYEC is strong enough to not have to worry about it. Eventually well break free.
MYEC
So jackd to be invested in a winning startup. Glory Days not far away! Epic Quarterly.
MYEC