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.
Ed has answered that question. The Central Bank Version 2 upgrade scheduled for this past weekend needed to happen, then the integration of same with the bank needs to happen. This is why he said 2-3 weeks.
Are you aware that double posting is happening today here and on the company FB page? Not certain why, if you're having connectivity issues, but please delete the duplicates.
https://www.facebook.com/myecheckinc/posts/480028145514621?notif_t=notify_me_page
Thanks....
Enhancements that support the bank CEO's desire for increased entrepreneurship opportunities in Africa are positive reasons to extend the announcement.
There are no mistakes on our company's part. They are working on the bank's schedule.
It's all good.
I can't draw similar conclusions.
I see Ed as an experienced CEO, a competitive strategist. When he learned about the Seergate platform, he saw an opportunity to grow the business internationally. This has happened, as evidenced by the contracts in their Form 10, installation of their licensed software on this customer's server, payment from this customer, integration with the Central Bank of Nigeria, and other one off/scope-creep solutions requested by customers in Africa.
There is no announcement that indicates collapse. To the contrary, shareholder communications through the company's social media indicate a thoughtful focus on customer satisfaction (bank readiness) and secure systems. The bank recently released an upgrade to their mobile application. The project scope indicates integration with this app. If complete integration and enhancements require waiting for the Central Bank to complete their Version 2 upgrade, then that is the right move. Waiting is a good thing when it ensures a quality high-end product.
There is HUGE potential (my Trump contribution) in Africa, Asia and India. I bet Zippy has some India contacts. I see a Win-Win with Zipmark, potential for working together, and zero chance of a conspiracy.
There is nothing Zipmark can do to stall a Federal Court process. That is some kind of conspiracy theory. Our company just finalized their settlement agreement so they contributed to the need for a three-week extension.
The company has signed and integrated new clients in the past six months. If I can find this information, anyone can.
I prefer to have Ed's communications. The OTC manipulation will exist with or without his messages.
The company has released the patented and custom eMobile app to its Africa based bank licensee. The company received its initial payment, bank employees are transacting on the system, the software is integrated with key bank systems in Nigeria. We're waiting on the bank CEO to give Ed permission to issue his press release.
The PPS is down because impatient traders and short sellers pushed it down to levels where stops were triggered. The good news it is holding steady around .01 which is an excellent buy price.
http://otcshortreport.com/index.php?index=myec+&action=view#.VpPerln5eao
Request for Judgment
WHEREFORE, plaintiff MYECHECK, INC., prays for judgment against defendants as follows:
1. For a declaration from this Court that plaintiff’s issuance of the 255,000,000 shares to defendant TITAN at the request of defendant SWEETSUN was obtained by false representations, and therefore was void at the inception and should be cancelled.
2. For a declaration from this Court that plaintiff’s issuance of the 1,185,000,000 shares to defendants SEVEN MILES and SWEETSUN was not authorized by plaintiff MYEC, and therefore was void at the inception and should be cancelled.
3. For damages for fraud, including punitive damages from defendant SWEETSUN.
4. For a temporary injunction against defendants SWEETSUN, TITAN, SCOTTSDALE CAPITAL, and Does 1 – 20, Inclusive, restraining them from transferring any of the 530,005,000 shares in plaintiff MYEC, which injunction should be made permanent at the conclusion of this action.
http://www.sec.gov/Archives/edgar/data/1619558/000114420415032740/v411299_ex10-25.htm
NOTES
Scottsdale's 300,000,000 share portion of the 1.44 billion claim was dismissed October 2015.
Seven Miles settled in March 2015, and returned 275,000,000 of the 1.44 billion shares.
Link to MyECheck, Inc. v. Seven Miles Securities et al
https://docs.justia.com/cases/federal/district-courts/california/caedce/2:2014cv02889/275933/38
Company Press Releases to Date
MyEcheck Files Lawsuit Against Four Companies, Seeks Recovery of 1.44 Billion Shares
http://www.myecheck.com/myecheck-files-lawsuit-four-companies-seeks-recovery-1-44-billion-shares/
MyECheck Recovers and Cancels 275,000,000 Fraudulent Shares
http://www.myecheck.com/myecheck-recovers-and-cancels-275000000-fraudulent-shares/
ORDER signed by Judge Kimberly J. Mueller on 1/7/2016 ORDERING that Plaintiff shall file a motion seeking entry of default judgment as to Sweetsun Intertrade, Inc. by 1/11/2016. Defendant Titan International Securities, Inc. has been served. If Titan does not timely respond to the complaint, plaintiff shall promptly seek entry of default and move for default judgment. A further Status Conference is set for 2/18/2016 at 02:30 PM in Courtroom 3 (KJM) before Judge Kimberly J. Mueller. The parties shall file a joint status report no less than seven days before the new date for the status conference. (Zignago, K.)
Thanks! Hope never died for me. The information I was able to gather leads me to believe this is going to be HUGE.
Yes, this means the contract is being followed and the project is alive and well! Here are the relevant excerpts:
6.2 The Contract sum shall be paid to XXX in the following manner:
•50% of the contract sum shall be paid upfront upon production of an Advanced Payment Bond of Guarantee issued in form and substances satisfactory to XXX either by an insurance company acceptable to XXX or by a bank acceptable to XXX
•30% of the Contract sum shall be paid upon go-live for the last XXX Africa Subsidiary that XXX is deployed to
•20% shall be paid after 3 months from the effective date of the Go-Live Support
I recall this type of exchange happening many times in the recent past. Revenue is reported through 10-K and 10-Q Reports.
So, this means....END OF DISCUSSION!!!
To reiterate, the contract attached to the Form 10 contains this provision.
The contract was reported in the Form 10 Exhibit.
Q4 revenues will be reported in the 10-K.
They can't be deleted :)
Version 2 refers to the Central Bank National Instant Payment System upgrade. This system enables non-bank customers to use our system.
Just want to be certain people don't think Version 2 refers to a company product.
Are you referring to the "scope creep" comments that required more time (on the downside) and will lead to more revenue (on the upside)?
I have an overwhelming sense of calm.
We know the company's product is integrated with Nigeria's Central Bank so that any bank customer can use it to send money through social media channels. We know there is a system upgrade this weekend that is necessary to safely run our product.
We know the company's product resides on a server of a large Nigerian bank and that the CEO has pre-approved the company's news release.
We know the company received revenue from this bank as an upfront licensing fee, and that transactional revenue has been flowing since the test phase.
We know the company will receive three years worth of revenue from Zipmark.
We know the plug-ins for eMobile are complete and that stateside marketing is in the near future.
We know we have active customers, some that began producing revenue in Q4.
We know huge opportunities exist in Africa, India and Asia.
I added at .01 and will buy more once I see verification of launch or other revenue sources. Averaging down has been a great strategy. Now I have a very large position for a very reasonable average price. Hope others can afford to do the same.
It will be fun to watch this thing run back up.
STIPULATION AND ORDER EXTENDING DEADLINE TO FILE DISPOSITIONAL
DOCUMENTS BY THREE WEEKS
https://www.gpo.gov/fdsys/pkg/USCOURTS-caed-2_14-cv-02399/pdf/USCOURTS-caed-2_14-cv-02399-4.pdf
Agreed! Proof will be in positive consumer reviews.
I think the only issue with Rick is any reference to "The Real Rick Simpson Oil" as if he endorsed it vs. just "Rick Simpson Oil" as we see on Red Llama's label.
I want some now :)
Quote from Rick Simpson Facebook Page - December 28, 2015
"On countless occasions I’ve told the public that I don’t produce or supply the oil, because it is still against the law in many countries and I am not connected with anyone who claims that they are supplying “The Real Rick Simpson Oil”.
Unfortunately, it’s impossible for me to put a stop to all those who supply what they say is my oil, but at least now the public knows the truth, so please be aware of this fact." Rick Simpson
https://www.facebook.com/ricksimpsonofficial
Yes, of course. I hope my messages help you understand our differences of opinion as well as experience.
Thanks for playing :)
Strategic planning is an organizational management activity that is used to set priorities, focus energy and resources, strengthen operations, ensure that employees and other stakeholders are working toward common goals, establish agreement around intended outcomes/results, and assess and adjust the organization's direction in response to a changing environment. It is a disciplined effort that produces fundamental decisions and actions that shape and guide what an organization is, who it serves, what it does, and why it does it, with a focus on the future. Effective strategic planning articulates not only where an organization is going and the actions needed to make progress, but also how it will know if it is successful.
The CEO sets expectations for their social media accounts. He was quite clear when he said posts need to be about the company and stock and not be designed to negatively provoke anyone.
I agree with his deletions.
In the business world, managing expectations is a success strategy. Google the words "manage expectations" and learn how and why this strategy is commonly used.
I recommend reading the rules so you don't lose your messages.
I'm not going anywhere. I love being able to buy lots at bargain prices.
Serious investors follow the company on Facebook. Each person has an option to receive notifications. I recommend this approach to staying current so you don't miss anything.
There is ample information related to the video content in Ed's Intro and Q&A in Comments.
https://www.facebook.com/myecheckinc
I greatly appreciated this type of communication and hope that Ed continues to use it to manage expectations.
No. It was a snapshot of current events related to the product launch. Why leave it open to misinterpretation?
It served its purpose. Did you have an issue with it?
What is in the video that you found distasteful on behalf of a continent of 1.1 billion people?
Shorted 68% today. They're holding it down for a reason. It does look like they're napping though...funny comment.
http://otcshortreport.com/index.php?index=mcoa&action=view#.Vo8Nzln5eao
Oil drops to $32 as fears about China's economy grow
http://money.cnn.com/2016/01/07/investing/oil-prices-record-low-china/index.html?iid=surge-stack-dom
When the global economy gets rocked, as it is this week, compliments of China and North Korea, investors pull back.
The 10% guarantee return on the bond offering was a wise move.
The cannabis sector is highly profitable, sustainable, and growing.
No concerns on my part.
Patiently waiting, along with almost 800 other shareholders who know what they own.
45% sold short after yesterday's 67%. Time to pound NITE off the Ask.
My DD includes keywords like improvements, surveys, asset valuation, funding, bonds, and cannabis. These words lead me to see great future potential and help me understand that much of the planning and preparation required doesn't equate to instant revenue.
I encourage people to read Mr. Wright's news releases and reports. He is very smart and honest in his reporting.
Mostly NITE. They've been at the short table since .03. Lots of friends to help out I suppose.
Trade decisions belonging to 800 shareholders are not my business.
Completely disagree. Expect to see some short sale numbers after close today.
http://otcshortreport.com/index.php?index=cgra&action=view#.Vo0vR1n5eao
Welcome to E*Trade. They have one weakness. It's called no active and accurate process that ensures companies update their Fundamental pages OR ensures a live and accurate feed from credible data sources.
Look at the Fundamental tab for all of your positions and compare to what you know to be true. Not one ET Fundamental page will be accurate.
ET did just sync up their website with the ET Pro Platform. Previously, my orders weren't syncing well. That is fixed.
Short sales were 66.68% of sales yesterday. This downward push can give the illusion of "trading like shit" too.
The good news is they have to be paid for which drives the price up.
http://otcshortreport.com/index.php?index=mcoa&action=view#.Vo0WgFn5eao
It never ceases to amaze me. Clearly there is an agenda to drop the price.
Always do my own DD :)
Your data is very old and related to the old entity. Look at the tabs in your link. Last news release is five years old--topic is the split.
Float is 137,446,289 as of December 21, 2015.
http://www.otcmarkets.com/stock/MCOA/profile
If that is the case, and Wonder West LLC is the only Chewelah location Producer listed at this time, then maybe Wildfire is planning to also produce.
It's fun to watch it all unfold.