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I think there is a court hearing on apr 16th against sweetsun for fraudulent shares and we get to hear something on Apr 17th i believe.
I think if you try to sell it upwards, it would benefit both MYEC and the share holders rather than dumping them at lower prices. It seems someone is throwing down a 10k or 20k shares for bringing it down (no news or rumors). Dont fall for small lots. Let them dump big lots and then grab it to prove that they lost lot of money after it comes back above 3cents. Just my opinion.
No apps and no PRs are expected until 3rd week of April. Its quiet period mandated by SEC and you have to honor it. Also its a good time for MYEC to review the goals and time lines and prepare to launch the apps and other stuff after the Form10 is approved. Who knows they might have been ready to release the app. One thing for sure is that the technology is sure looks to be a very damaging one to ACH. If that is all LIVE there might be a new era started in Payments industry. I am not saying that i know this but at least it looks to me like that. We will have to wait and see. And who knows, Banks are afraid of loosing ACH if they quickly integrate it. So, they might be throwing the regulations at them to hold it. But if this is real killer of ACH, then they know that it can not be stopped forever. For me to confidently believe this technology is supported by the recent Award which is in the eyes of every other company. There may be couple of hundred payment companies around but MYEC is not after them, MYEC's technology is after the ACH itself. So, there is no question about the competition that is biting MYEC due to its delays. If delays are killing it, there would have been no other mobile payment company surviving after paypal considering it as a monster in this industry. But still so many small companies technologies are emerging every other day.
coming to App, i believe MYEC is not cash rich at the moment to recruit more people to release the app quickly. It may be possible that he wanted to achieve it with the limited resources and the already developed seergate app. Ed is not an idiot to hold the release or Ed is not the only guy working in that company and doing everything. There are reasons why there are delays and there are ways and days to release the things quickly. So, why to push him and get a product that may lack some critical skills for it to be successful. Coming to the stocks, his idea of granting stocks to pay the notes and creditors is worth trying at this moment because its not really a bad idea to pay it this way rather than buying more loans. Form 10 approval may be the key for everything to set itself as an established organization for it to aquire loans at cheaper prices, attract big customers, bring a confidence in the industry because most organizations will look for this registration to believe that it is following standards.
Its all my opinion and my confidence although i am under water at this moment. I feel worth to wait few more weeks.
2 weeks expedited process may mean any time within 2 weeks not necessarily the business days IMO. we should see some PR about approved form 10 by 3rd week of this month.
Any idea we are gonna hear any news on Apr-17th about the case hearings against Zipmark?
Until then i guess this will be a boring pumping shorting flipping roler coaster stock ride only.
Isnt it supposed to be 'Quiet Period' for the company until the Form is approved? if that is the case we just need not be expecting any PRs starting today until next 2 weeks.
No. He is not. He wont. He cant. Its like an addiction. Many a times, i thought of leaving the board for the mockery that went in, for my defending posts that were deleted, for the price crash that broke my heart. But still i am hanging around with limited postings. I dont think he will leave. Besides, some DD is always required as too much pumping makes this place really really boring. iMO..
Just a frank opinion My Friend. Dont take me i am against you. My opinion is that you may be sometime correct but sometime you are too much sarcastic and no real DD involved as it seems to me (not sure about others). More over, your day in day out NON-STOP action is kind of suspicious as it seems to be an action with a motive behind as you dont seem to own any position rather than you wanted to simply put pressure and make things straight for MYEC. Anyway, staying on ihub is upto you but its more than any one can spend their time on this. IMO. My last post and good luck :)
Thats a well grass fed donkey parade from belize. dont care much..
LOL...
may be grinding his teeth.. while answering such rhetoric question. why do i have to answer to the things that are just made up?? so there will be such pause in the tone. LOL..
are we there yet?? where is the RS?? no sight of it.. what a shame?? Ed is not doing RS even if it is declared by some one here??
Try try and try harder until you get what u want LOL
Your wish is fulfilled now (on short term basis only) :>) I actually thought its dead but i dont know who is still buying it still at this point of time.
Anyway, i don't hope it will hold down to this. There wont be any miracles or atleast any street side magician's trick gonna happen in the next 180 days i believe.
Yes rs is coming 1:1 very very soon coming coming will be announced when market opens. Everyone chk your account.
did the RS happen already? i am still seeing the same share count in my portfolio..
Congrats to MYECHECK Team. Its quite an achievement. Godd job Edstarrs.
10 more days for the deadline to complete the seergate acquisition. I hope we would reach 3 cents by then to keep it at 100 mill for the deal. This deal must be a steal then.
FB update: 5 mins ago
Seergate acquisition update: We will likely extend the deadline to close for 10 days to allow the auditors to review the due diligence.
I am very happy about the merger, the new combined offering is unparalleled in the payments industry, anywhere in the world. www.seergate.com
I think the stock is more worthier with the legitamacy it got eith news. Lets not give 150 million to seergate. Lets keep it at 100 million.
I think its not so difficult to take em down as they are all on the same lines.
Glad the longs like me are not disappointed. Yet so many promises to be fulfilled. I hope Ed will take this first victorious step to turn into a marathon. Longs are truley rewarded with this news.
point taken. yes.. thats terrible to have people around to have no idea about the laws. Trusting a bunch of incapable people results in such awkwardness. Happened in every company big/small. I guess he is not completely derailed...
Ed paid himself.... ROFL
Ed paid himself.. ROFL..
LOL.. this is getting funny too..
Ok. Lets say Ed owns Sierra global. He is paying $350k from sierra global account. How the license fee of $350k is benefiting Ed personally? The money is coming from sierra global (or lets say Ed's company) to MEYC. Now, who cares who owns that company. How this is being treated as paid himself. Isnt my question simple?
Cant reply anymore as this is my last allowed post.
The subject was how Ed got paid himself. Rest is all disclosed information.
Been reading this post several times but kept myself ignored. now lets see this.
Lets say, Sierra global is owned by Starrs is true, then he is paying the license fee of $350k to MYEC from his own company's pocket. So, he is paying from one of his companies to do business with one of his another company. Now, the question comes how he is paying himself. License fee never goes to Ed but goes to MYEC Revenues if at all it goes to. What so funny is that lol..
care to explain?
At the most we might see a little dent but it may not be a big damage. We will have to wait and see.
Also replying to the another post by "martiansample".. since this is my last post of the day.
Dont you see that most companies does hiring and firing zig zig dance with funky costumes infront of the stock exchange to entice the shareholders? Its not a sign of the respective company's inabilities to keep those employees, but its a house cleanup that is always necessary at the same time attaining the benefits of higher PPS. A very general formula.
Is that seergate app integration for 6 - 8 weeks is a tactical agreement associated with PPS? I doubt even if the integration completes, the agreement might have been to not to release until 6 weeks completed so that PPS comes down or stays below 0.03 so that they can have more shares 150mm than 100mm?? Is that the reason that Ed can not release a date for app's announcement?
If this is the case, then ed is shooting his own foot IMO. Because, releasing apps with this extra 50 million given to them which is a bad news may not be that good as treated by the investors.
I think moving up the pps above 3 cents is likely not gonna happen as they wished it, that too in the current event of failed form 10 attempt, its much more tougher than it is. however, it may not be deciding factor for PPS move as market makers are driving it now rather than a common stock investor or the company news.
LOL ... Doing excellent myself in bright sunny CA weather. How about you?
wrong statement.. dont hate the game... hate the players who does it a wrong game.. be it the business or sport.
LOL.. you are on rock n roll today..
If at all they told MYEC about this rule in advance, MYEC would have done this much much before i believe.
But anyway, this is a failure from their end. They should fire the current CPA and hire a real CPA.
cults are not angry but cults are disappointed.
.... 2nd update....
since this is my last post for today, i am reply WF in this only as i have some time left. MYEC can at the most cheat the investors but not SEC. So, the request made by them to SEC seems to be genuine and i think we should honor that.
I guess there is more to worry than winning CA bidsync.
After repeated failures, i think its time to put some worthy CPA to get this filed clean. Until then, the game is still dirty.
I think its explained by the company on its FB.
MyEcheck
3 hrs · Edited ·
Form 10 Filing Update: All of the SEC questions and concerns that were sent to us have been responded to and addressed. However, we were required to withdraw the application due to the fact our audited financials cannot be more than 45 days old now - a new SEC rule. We submitted audited and reviewed financials through the end of October 2014, the rule we were told applied to us allowed financials to be aged 135 days, however a new rule just kicked in. We now have to have our annual 2014 audited, and most of, maybe all Q1 depending when we can get the 2014 audit complete, then re-file. Once we refile, the SEC should confirm that either there are no more comments (expected), or may ask for more clarification on our statements. The registration then becomes effective automatically in 60 days after the re-file date. We have a lot that will be happening in the meantime and we are focussed on rapidly growing the revenue by rolling out our new apps, activating our signed customers, making additional acquisitions, and establishing ourselves and the clear leader in our sector.
Looks like SEC is grilling MYEC thoroughly. I bet it will unfold the real value of the MYECHECK Inc., through this and then approve the Form 10. Good for the investors, company and its business.
Although i know MYEC is good with transactional fees and highest limits, i still don't completely concur with the comparision made between MYEC and PayPal through the comparision sheet. I am not sure about stripe but many other benefits of using PayPal is hidden plus its i think clear that MYEC charges 25cents for person to person transaction using checking account as well to start with and big business will attempt to use it provided it has proved how secure and convenient to use. Anyway, MYEC is the best for the small scale business people. I doubt about the PayPal's recurring and monthly transactional fee as well.
I doubt Jerry has any CFO/accountant left to help him with filing. All the people must have already taken off. what a crap it is right now. The millions of shares in my trade account looks at me laughing sarcastically whenever i open it.
Gotta agree with whitefish and Hitech on this. There is no app to say confidently that this is revolutionary payment system. However, i still believe that this is great technology (ignoring the delayed deliverables due to their personal inablity to launch it in time), i voted because of the facts that simplifile confirmed the backup payment method which tells me that this technology works. I am sure there wont be another delay in apps release but this time they will come up with a solid time line and the promises are kept.
So far, i am looking for the form 10 to be approved first and then revenue being generated through the existing partnerships. Lawsuits anyway may take some time although i am sure Ed wins them.
So many promises but none of them are reality yet. I hope Ed noticed it too.
PLUTUS,
Please remove the sticky.
here is the proof for you.
http://ih.advfn.com/p.php?pid=nmona&article=65429640&xref=newsalerttweet&adw=1126416
Thanks
Nothing major changed excpept few changes in the latest 10-12g amendment. I hope this is the last amendment. Tired of seeing amendments.
Under item 7:
As of the date of the filing there have been no royalty payments made or are currently due as the Company has not met the terms described in the Patent License Agreement, Article III.1.b., which states: “.. providing that the Gross Sales exceed One Hundred Thousand US Dollars (US $100,000) in any single calendar month, or exceed One Million and Two Hundred Thousand US Dollars (US $1,200,000) in any single calendar year.”
Under Item 8:
Sweetsun was to have purchased the note from Tangiers satisfying the liability. Sweetsun failed to purchase the note and induced the Company to issue shares to Titan International Securities, Inc. as if the note had been paid. The Company first learned of the false claim of defendant Sweetsun’s representations, and the additional issuance of fraudulent shares to Seven Mile Securities in October, 2013. Defendant Scottsdale Capital Advisors Corporation currently holds an unknown amount of the shares of stock in the Company that were originally issued to defendants Sweetsun, Seven Mile Securities and Titan International. MyECheck paid the note thereby eliminating the liability and on October 9, 2014, Tangiers acknowledged that it had been paid in full.