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No debt? Did you read the Q?
Both of them?
I'm hoping you are right.
http://www.transfirst.com/about-transfirst/company-information
Transfirst is the 9th largest processor in the US. This maybe an old partner from back in 2007. If this is a new partnership this is earth shattering news as they process over 40b a year.
So should I wait until .0022 to add? I owned this in the .02 plus range so I have all the right to complain about dilution. If he unloads all 4 billion this week we will be at 0001. The reason I got back in is that Friday dilution looked like it stopped but guess what look at the last hour we closed almost flat after 50% gains. This has to stop soon otherwise we will be in the trips and Manu will never have credibility again. Did you read the Q with all the notes? Don't get me wrong I'm not bashing i'm long here but you have to be realistic, this CEO has burned lots of investors all he needs to do is communicate clearly what the business plan is and how many shares he will need to sell to achieve MDNT goals. Bashing anyone that questions him on Twitter is childish.
I guess volume before price, the question is how much more can investors absorb we still have around 4b in the AS will they unload it all at these levels or let her run for a bit?
Enjoy the holiday weekend all my fellow MYEC longs. Chilling on the beach in Mexico and thinking about what MYEC has in store for us in in the next 12 months. We have only gotten positive news since mid February and Ed is executing the business plan step by step. See you all at the next shareholder meeting.
Dilution shows up as short volume. We have to wait until they stop selling shares to make it back over .01
Got a starter last week will we how next week looks and may add. Was in this a while ago but when they rose the AS I got out. I believe in this company long term but PPS won't turn around until they are done unloading to the float. Manu will have to gain my trust as he lost it in the past. I hope I don't get burned again.
Manu is using NITE too.
Nate seems like a heavy hitter. Bring in those contracts Nate!
IMO will get a huge push. TA can't just issue shares. He will have to pay for them as someone got paid when these shares got to the market. Either that money is used to buy them back or go to MYEC revenue. It's not like these shares were issues for debt they were just issued because the TA decided to print money. I will wait patiently until this is solved and I'm sure someone will be accounted for. In Ed we trust.
Float. I'm sure we will get a juicy PR once it's figured out.
Imagine if the TA will need to buy back the extra shares they issued. This will be Xmas in May:)
We will see off we dip bellow .028 or how many shares it would take to dip below. All this day to day doesn't matter for long term investors. Long term we will win even if we max the AS. I couldn't imagine Ed raising it at this point. I'm positive that Ed will address the share structure in the near future. All the weak hands that sold in the last three trading days thank you for your shares. Congrats to who ever added. We will laugh about these brutal three days in Vegas:) GLTA
If he is not bluffing its very good
VNDM on the bid now
I would save money when paying for my tickets, shouldn't il use Ihub while I drive:)
Strong hands always win with a real company. I added 200k today as this is great news. Buy the dips and wait for Q4 the sky is the limit, lol you can call me a pumper.
From FB regarding the float.
Myecheck If you have concerns, you should sell your MYEC stock and move on, don't spread false rumors or make public statements as fact when they are your assumptions.
Unlike · 3 · 3 minutes ago
watch and learn lets see where she closes.
Welcome to MYEC, How hard are you trying to cover your short? Cover now as eod you will need a lot more $$ to cover.
Everyone that been here knows this doesn't trade like a 2 billion float. I'm sure Ed will clarify the share structure soon for true longs as he is as transparent as it gets. Let's see some green today. We went from 35 in cash to over a million in cash in 3 months. Now that is turning around a company. Can't wait for Q3-4 that's when will see much bigger numbers per Ed. Was expecting 20-30 percent in growth not 400 percent. Go MYEC! Run baby run!
Besides singing new contracts we make money form a small percentage from every transaction. Besides money made when Signing a new partner MYEC makes a small cut form every transduction. We have a bullet proof business model!
So are we debt free? Why do we still have a shareholder deficit? Can someone please explain ?
Yes but why add to the float is we are generating money? Unless he added for the new CFO and other new management team, but state it I. The report as restricted and not in the public float. Why retire his own billion just to issue a billion. Makes no sense to me and I'm sure Ed can explain.
Another good question
So it should break down how many restricted shares are outstanding and shouldn't be considered in the float
I don't mean to rain on the parade but what's the point on retiring Ed's billion shares just to add to the float?
Gtreat Q! What's your opinions about the shares added to the float?
Lol buy a 6pk instead.
Thanks
Looks like 2013 audited are out. I'm driving can someone please confirm.
Fins are out.
He's been here for a while.
I'm long here but be realistic half the trades is the company dumping. This is going nowhere unless they stop diluting.
What will this spike to before they start dumping ?
Same here. I Question every day if I have enough shares.
We are bidding on G to G of we were processing for the state of Cali we wouldn't be on OTC.
Q3 and 4 not 1 and 2.
You are expecting revenue to double from last Q? What are they printing money:) guys don't setup your self for high expectations it will result in disappointment (like after last Q release). 20-30 percent growth is huge especially if we do it Q over Q. It would still be considered we are in hyper growth mode.