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Go MYEC!!!
Have an order in at the ask for over 5 minutes now and it won't fill. Hmmmmmmmm.....
But how many have major retailers on board at over 40k locations, with Shell, BP, Exxon, etc coming on board in January? I'll wait patiently for your answer....LOLzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Oh yeah, and MYEC is powering 2 out of the 3 payment options that Sionic is offering, and none of your misinformation can change that fact.
Yup...and once they finally get their sh** in order there's going to be a lot more bank to be made. I'm looking for something to grow my money while I wait. What are your thoughts on this one?
You are correct and the stories that are told by him aren't even consistent. His story had been that he sold 5MM shares at .05, and now it's 3MM shares at the high of .08. Also the timeline of events don't really match up either. The only thing that appears accurate would be that he was here during the .0015-.0025 days and sold. One thing I do know is that he's got a big tax bill due to Uncle Sam this coming April...should be in the 100k range....LOLzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
What dilution are you speaking of? The OS has essentially remained the same for the past 9 months (the severance payout to Nate W. of over 5.5MM shares being the only difference)
Now I've heard it all. So a payment mechanism that provides more transaction information regarding those involved in the transaction is going to be used by crime syndicates and ISIS? LOLzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
It's actually common knowledge. The industry's freeze is to any changes in infrastructure. The freeze does not mean that the whole system freezes up.
Precisely! There is no doubt that MYEC timed this PR for max effect on both the market (after hour PR is better than releasing it at 2 or 3pm EST), and exposure (1pm PST PR will get someone's attention at money20/20. Smart move by the MYEC team!
Damn! MYEC is picking up new customers so fast they stopped PR'ing individual companies and are just lumping them all in together. 4 more bricks in the MYEC wall! Keep on building MYEC!
That is incorrect. I addressed that in the context that you failed to mention that when the stock is above the .03+ range, and MARK THIS POST it will be, that the shares issued to cover will be far less than the 2.9MM held in escrow.
First problem with your scenario. The convertible option is not unilateral in nature (i.e., TCA cannot elect on its own to convert any outstanding debt into shares).
Second problem with your scenario. It leaves out the fact that when the PPS is higher than .03+ the amount of shares needed to cover the 100,000 payment will be less.
Third problem, the fees paid are in line with all standard loans/lines of credit. (For instance one can expect to pay over 10,000 on home mortgage closing costs for a 500k mortgage, which are fees associated with due diligence, attorney fees, etc.) So a payment of approximately 100,000 in fees falls proportionally in line with other conventional loans.
Lastly,
The interest rate is going to be higher than a standard secured loan as the securitized asset is volatile in nature (i.e., stock compared to a home or other property stable in value).
I don't expect to see that, and I have 15/15 vision. My friends call me eagle eyes!!
Bwahahahaha.....that's hillarious. With all the hundred dollar bills I've made on MYEC you could see my cash burning from space. $$$$ :)
Additionally, the company took only 3.8MM shares as collateral for 490,000 (net cash outflow). That's a price per share valued over .10 my friend. Someone flush the toilet. This fish is dead.
Titan also owns shares of AAPL and MFST....better alert the authorities and shut those scams down!!! LOLzzzzzzzzzzzzzzz
FROM ALMOST A YEAR AGO!! GOT ANY RECENT INFORMATION? BAZZINGA!!
Beware MYEC! No Toxic Financing or Dilution ASHER ENTERPRISES 25MM shares were from 9-10 months ago. NO DILUTION HERE! SHARE STRUCTURE REMAINS THE SAME AS IT WAS IN FEBRUARY 2014. BOOM! LOLzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Go MYEC!!!
Here are the facts taken directly from the Form 10:
The Company’s accountants have expressed substantial doubt about the Company’s ability to continue as a going concern as a result of its history of net loss. The Company’s ability to achieve and maintain profitability and positive cash flow is dependent upon our ability to successfully deliver license and service agreements and obtain financing until revenue can generate cash flow to meet operating requirements. The outcome of these matters cannot be predicted at this time. These consolidated financial statements do not include any adjustments to the amounts and classifications of assets and liabilities that might be necessary should the Company be unable to continue its business.
F-14
MyECheck, Inc.
Notes to Consolidated Financial Statements
December 31, 2013 and 2012
NOTE 3 – GOING CONCERN (CONT.)
As reflected in the accompanying consolidated financial statements, the Company has net income of $136,658 and $75,504, and net cash provided by operations of $36,367 and $103 for years ended December 31, 2013 and 2012, respectively; a working capital deficit of $781,660 and $1,089,168 and a stockholders’ deficit of $778,286 and $1,089,168 at December 31, 2013 and 2012, respectively. Substantially, all of net income in 2013 and 2012 has been derived from forgiveness of debt.
I even put the time period of earnings from which their opinion was made in bold to make it easier to understand.
NEWS!!
So the increase in Authorized shares doesn't take place until December, which gives the company the time, as stated in the PR, to evaluate the need and level for equity financing. Seems like some may have jumped the gun with the sell off yesterday as the company, which is expecting 30MM annual revenue, now sits with a market cap under 400k. I guess in December we'll find out for sure.
I think we've all been somewhat disappointed, but if you take a step back and look at how far this company has come just in the past 9 months it is remarkable. The missed timelines suck but it is a part of business, particularly one just getting off the ground. Though my timelines have changed, I have little doubt that this company is going to make me wealthy.
Who says that the MJ-Pay app doesn't have P2P capabilities? I'm not aware of any information existing to support that assertion. Secondly, the MJ-Pay app is powered by myEcheck and is therefore a tangible good in which the technology can be tested, and it can be used by anyone.
From the MJ-Pay website:
MJ-Pay app allows anyone to
safely transfer money anytime,
anyplace, and anywhere
Sounds to me that the app will have P2P capabilities, and if so your argument is moot.
Yup and he also said that it wasn't because of possible trademark infringement for the same reasons I had previously articulated on this board. I'm also curious as to the new name, but in the grand scheme of things it is not really that important. It sounds as though MJ-Pay has a chance to launch in November, and the company's focus should be on getting that done.
Incorrect, those shares were issued in January of 2014 and not within the past few months.
Here's the exact quote from the Form 10:
On January 17, 2014, the debt was converted into 25,000,000 shares of common stock, at a price per share of $0.002. The fair market value on the conversion date was $0.0038 per share for a fair value of $95,000 resulting in a loss to the Company of $63,000 which was recorded in the first quarter of 2014.
Congratulations to you as well. We have come a long way yet still have a long way to go. Today just strengthens my resolve that greatness will be obtained by this company.
It doesn't. There is no logical connection between filing a Form 10 and selling shares. Arguing with insanity is a fruitless venture.
1. 4.11B shares are outstanding as of the end of August 2014. (please refer to the balance statement contained in the Form 10)
2. Not every share is being held by the DTCC (Cede and Co.) as they have 1.1B of the outstanding shares in their depository.
3. As far as selling I'm not sure how you come up with that and you don't appear to be making logical connections. If you happened to skip your morning dose please rectify that situation and come back when you have obtained some clarity.
Also the share structure at the end of Aug. 2014 is the same as it was at the end of June 2014 so absolutely nothing has changed with the share structure in the "new" financial information provided in the Form 10.
WARNING CEO REGISTERS SHARES w/ SEC!
Yeah sell an underdeveloped and thus an undervalued company. That makes zero sense. Why not just donate it to charity and take the tax deduction? LOLzzzzzzzzzz
You are 100% correct! Not to mention that is a fallacious argument that since illegitimate companies have used spin offs it somehow applies to MYEC. A red-herring/ Poisoning-of-the-well hybrid argument, and a rather sophisticated attempt to undermine MYEC's progress.
I know but many who read here aren't well versed in GAAP principles and how they relate to financial statements. For instance, just because the licensing fees may not show up as revenue yet does not mean that the company doesn't have the money to use for say operations expenses or development of their product. It's not like the money is locked away in a vault somewhere until MYEC delivers on the agreement. I know you know this, but I'm not sure that everyone who reads this board actually does.
In essence what I'm saying is that the moving of revenue numbers around isn't going to impact my view of the company. I'm only looking to see what the actual current share structure is, and everything else will work itself out IMO.
Well technically wouldn't they still be able to show cash on hand, at least in the balance sheet, as that asset would be offset by the unearned revenue liability. My understanding is that the money should still show up on both balance statement and statement of cash flows, but not on the income statement.
"Going to have a fun week" according to the best CEO in the OTC market. Oh, I like the sound of that as well!
"THE AUDITED FINS"....Oh do I like the sound of that!!
Three Cheers for FAST EDDIE!!! To the best CEO and Company in the OTC Market!! <-------And it's not even close!
WARNING: IDIOT CEO GROWING COMPANY AT AN ALARMING RATE!!! LOLzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
CAUTION: CLOWN CEO MAKES MYEC A FULLY REPORTING COMPANY!!! LOLzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
BEWARE: CEO REGISTERS SHARES TO GET INTO THE SEC SPOTLIGHT!!! LOLzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz