Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
This week, does that mean during "this week" or soon after this week? Or possibly the translation got lost and John mentioned "some week" after a holiday, sometime in the future, of mankind?
I ask this because you seem to have problems with dates.
"After the holidays" "early in the week".
Absolutely, the SEC does not review PR's before the release unless the company is under instruction from the SEC to do so.
If that is in fact the case, then we have a whole other matter that needs to be cleared up as the SEC's involvement could only mean one thing and that's a HUGE RED flag.
"You sure about your statement about the SEC?"
Did Pino get released yet? Is he posting here?
Did anyone have any idea what dotchaser was saying?
"Now if the company has this evidence why let the cat out of the bag?"
The SEC has a disclosure rule that addresses material events that would affect shareholders. A company must disclose all relevent facts to shareholders.
Moneyhungry, are you accusing PYCT of fraud?
"The other issue is where the business is going to go. That I am more intune to."
Really, are you or just pretending? Since the company has not issued a PR relating to actual business production since July I would say you lying.
Just imagine huh... oh wait that happened on December 20th 2007 with the official launch of PYCT.
What makes you believe this "new" venture will be a success after the failure PYCT endured with it's U.S. launch?
In fact, has PYCT ever followed through with anything?
That comment is a direct contridiction from what you have posted previously. You previously said the shorting going on was undocumented.
So what is it? You can't even keep your stories straight! LOL
"There is a trail for every transaction."
What!!!
"maybe they did "
Where? Let's keep to verifiable facts.
The company has not issued anything relating to shorting.
That's a fact.
Don't you think the company would have provide proof of a short if one existed?
The short theory is dead. No proof.
Nonsense talk.
Moneyhungry, you may want to try reading the financial statement sometime. Pay attention to Note 1.
It's undisclosed equipment, not used equipment but then we don't know do we? It could be some ratty office chairs and desks or paper, pencils and a 10 year old copy machine.
Sounds like a great deal to me, Pillay assumes full control and all voting rights with a swap of undisclosed equipment with an unaudited value of $200,000.
Maybe each pencil was valued at $1,000 each, who knows as the company has decided not to tell you.
Oh and by the way, where is this equipment now? Is it in the virtual office?
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12869
Name one PR relating to revenue generation that has actually come to fruition?
What makes you think that the next PR might be the "magical" PR?
Follow up's to previously issued PR's are not PYCT's norm.
It almost seems like a PR machine to entice shareholders to buy stock. Someone prove me wrong?
Serious consideration should be given to the fact that PYCT has not followed up on the much publicised "audit PR".
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pyct
Since the company decided to make this a public event they should be held accountable for it's results in some form of a response.
Shareholders should be screaming for accountability!!!
Moderator dcjr, what your honest, no holds barred opinion on the next PR?
Photo Op's are notorious marketing efforts at trade shows.
Look at the current presidential White House photo op's that certain candidates fail to remember.
I suggest you identify some "dishonest" posts or apologize.
A reasonable reply would be warranted if a reasonable post was given.
Do you have a problem with posters giving honest thoughts and opinions on this company?
It's amazing that PYCT can't function as a normal company.
I'm amazed how a company like MSFT can carry on day to day business give all the legal problems they have. LOL
Trying to justify an accounting function problem with a lack of follow thru on a business plan is just plain silly.
How does an accounting matter deter marketing efforts?
"And by the way that was the biggest thing that slowed PayChest down because of the legal battle with Pino."
Why, what? Try rephrasing your response into an answerable question.
Ummm, every PR so far regarding business practices has been unfulfilled. NOTHING has come to "fruition" as you have said.
Should I post the PR's about marketing?
Pillay has miserably failed in his marketing of PYCT in the U.S. What makes you think he'll deliver in a foreign market where money flow leaves the U.S. to that market.
Vietnamese nationals already have multiple ways to send money back home. Why would an unknown service like PYCT be a better choice?
Neither is PYCT, in fact PYCT from my knowledge is not anywhere.
Paypal.
Please try to understand my post and then adjust your IBOX.
dcjr...post this gem on IBOX
http://findarticles.com/p/articles/mi_pwwi/is_200612/ai_n16886817
PayChest Announces Products and Services Launch
Market Wire, December, 2006
PayChest, Inc. (PINKSHEETS: PYCT) today announced the launch of its online payment gateway products: PayChest ACHnet, PayChest E-Check, PayChest RD21 and PayChest Credit Card Processing.
Through multiple agreements with regional banks, card processors and payment technology integrators, PayChest can now deliver a true e-commerce solution to online merchants and simultaneously provide a fully integrated electronic payment gateway.
The PayChest electronic suite of payment products enhances PayChest's commitment to delivering electronic merchant and consumer payment solutions.
In addition, PayChest will offer a turnkey online solution for prospective e-commerce business, comprising the setup of a website, an e-commerce shopping cart, web hosting, email server solutions, and merchant services.
This bundled package will be offered at an affordable rate and is expected to attract a range of online business from home based to larger business.
PayChest RD21 offers a remote depositing solution suitable for kiosks, check cashers and business with remote deposit needs. The PayChest ACHnet allows online money transfer between business and consumers nationwide via the federal ACH network.
These online services will be restricted to the United States until further notice. The credit card processing services will be provided globally. PayChest will launch these services on December 20th, 2006.
Post this on IBOX please.
http://findarticles.com/p/articles/mi_pwwi/is_200702/ai_n17169328
PayChest e-Store Commerce Solution Is Launched
Market Wire, February, 2007
PayChest, Inc. (PINKSHEETS: PYCT) today announced the release of the PayChest e-Store merchant solution, a feature-rich, fully scaleable e-commerce storefront for online businesses. The launch coincides with the company's aggressive product rollout for the first quarter of 2007.
With a clear focus to increase revenues and reduce transaction costs for online retailers and their customers, the PayChest e-Store web solution provides enhanced electronic marketing, e-commerce, order fulfillment and management tools, to small and medium-sized online business.
The electronic marketing tools provide online retailers with the data necessary to build valuable customer databases, optimizing their marketing efforts. These tools include permission-based electronic messaging, search engine optimization, analytical business reporting and tracking services.
The new service shopping cart supports an unlimited number of products, departments, categories and configurations in the shopping cart view. Further product enhancements on the platform include the support of products sold to be shipped and products and services available for downloads, such as e-books, or ring tones.
The e-Store integrates to the PayChest gateway, allowing online merchants the ability to customize their customer's ordering experience to suit their business needs. The order fulfillment process also includes easy check out capabilities and access to the shipping gateways.
How about this PR, please put this on IBOX.
http://findarticles.com/p/articles/mi_pwwi/is_200702/ai_n17168472
PayChest -- Financial and Transfer Agent News Release
Market Wire, February, 2007
PayChest Inc. (PINKSHEETS: PYCT) today provided updates regarding the company's financial reporting and stock transfer agent appointment. The company released a re-statement of the third quarter financials for 2006, to provide updated capital contribution disclosures, previously omitted and to provide clarity on inquiries made by the Securities and Exchange Commission. The financial reports are currently posted on the Pinksheets website, www.pinksheets.com . Fourth quarter results are scheduled to be released by February 15, 2007.
The company also announced the appointment of Holladay Stock Transfer Company of Arizona, as the new stock transfer agent. Prior to providing Holladay with a complete list of shareholders, management is conducting a full stock audit. The negotiation for the return of the shares to the treasury is also being finalized.
Mr. Pillay, PayChest's CEO, stated, "The initial share reduction as a result of our audits and negotiations will add immediate value to our shareholders. I will continue to negotiate the return of further shares to the treasury, using PayChest's existing non-strategic assets. The fourth quarter financials will reflect the results of actions taken to reduce expenses, curb stock issuance and pave the way for 2007."
About PayChest
PayChest and its strategic partner companies have developed an integrated online payment processing platform utilizing cutting edge technologies to deliver payment solutions online. These payment processing solutions include turnkey payment facilitation for credit and debit cards, electronic checks, money transfer solutions, gift cards and turnkey rewards based systems.
Why does the IBOX exclude important PR's like this?
http://biz.yahoo.com/iw/070126/0208194.html
PayChest Announces Rollout of Financial Services
Friday January 26, 2007 10:27 pm ET
HUNTINGTON BEACH, CA--(MARKET WIRE)--Jan 26, 2007 -- PayChest, Inc. (Other OTC:PYCT.PK - News) today announced the rollout of several online financial services and provided updates on the company's banking relationships today. The announcements were made after a series of network and processing upgrades were completed, to streamline the online money transfer products.
ADVERTISEMENT
The financial services made immediately available to the public include short-term payday loans through First Cash America, a company affiliated to PayChest through Mr. Pillay. Additional PayChest product rollouts include the release of the Banx debit card and the rewards program, scheduled for public release by February 20th, 2007. The rollout of the E-Store solution, as a comprehensive one-stop global e-commerce offering for small and large enterprises, will be accompanied with a press release next week.
Mr. Pillay stated, "As a global online financial services gateway, PayChest provides consumers the ability to transfer, pay or loan money from mobile devices or online. We have been able to enlist these services from our affiliate company banking relationships and I will continue to leverage these to PayChest's advantage. Our current banking relationships include Wells Fargo, Washington Mutual, Bankfirst, FBOD, Banxcard and First Premiere Bank."
He further stated, "This integration differentiates PayChest from others in the industry and is attracting the attention of larger search engines with our capabilities in this unique space. We will continue to set a new standard with further innovation and integration."
About PayChest
PayChest and its strategic partner companies have developed an integrated online payment processing platform utilizing cutting edge technologies to deliver payment solutions online. These payment processing solutions include turnkey payment facilitation for credit and debit cards, electronic checks, money transfer solutions, gift cards and turnkey rewards based systems.
New management within PayChest is focused on innovative and tangible products, improving the online financial experience for online consumers and e-commerce businesses worldwide. To fulfill this obligation, the new management has marked significant timelines over the next few months to streamline operations, with a focus on integrating backend transaction processing infrastructures scalable to new payment technologies and marketing opportunities.
Safe Harbor Statement
The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.
Contact:
CONTACT:
PayChest, Inc.
Investor Relations
Email: info@paychest.com
From the IBOX.
"Authorized shares - 25,000,000,000 - Reduced from 100 billion in 2-07 - (75 billion) shares were (cancelled) and returned to Treasury."
If the shares really were returned to Treasury than the outstanding is still 100 Billion.
Someone should correct this.
dcjr, a short squeeze occurs when a short is prevalent. PYCT does not have any major fails as it is not on the SHO list nor is it listed as having any shorts as evidenced by the short interest report.
I feel you may be confused as to the information available that conclusively proves there is no short in PYCT.
PYCT management has never mentioned a short of any kind. Is this your opinion only which is not shared by management?
Are you the expert?
Please provide verifiable proof of your so-called short.
We all await your answer.
Oh...A "just because" type of response will be viewed as a failure by you to prove your point.
NSS has nothing to do with the recent tightening of rules. FTD's were the problem.
Try grasping the basic knowledge of an FTD as oppose to a naked short.
Proving a negative is impossible. The burden of proof is on you.
You seem confused as to your questioning.
Please try to keep on topic.
"Is that more clear?"
dcjr, what could be more clear is for you to provide one instance of this type of event ever occurring in the history of the market.
You've furthered the premise that this is happening to PYCT but you cannot establish any solid evidence of the possibility this could actually happen or has ever happened outside your fantasy theory.
Humor me...show me one instance of this.
What are you talking about!!!
Your story changes by the post.
Be careful of the paid advertisements disguised as reality programs.
"you must really watch that video!"
Sounds like a great fairy tale but I fail to see the reality in your story.
I guess it would be too much to ask for one instance of this ever happening. Maybe you could just point to one broker that "folded" after selling fake shares. Surely you have some substance to back up your fantasy?
Let's break this down to the most simplest facts.
You buy 1,000,000 shares of stock from "bad" broker XYZ through the DTC. DTC credits you with 1MM shares and debits XYZ 1MM shares.
XYZ flys the coup and never delivers your shares.
After failing for a certain period of time the stock is listed on SHO and on the short interest report.
Got it.