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Ed's profile on Forbes?
[url][/url][tag]http://www.forbes.com/profile/edward-starrs/[/tag]
BEWARE This stock traded in the triple zeros pre-2014. There have been NO paid promotions in all of 2014 where we have seen the tremendous PPS growth as a result of the hard work of management. There has been NO dilution in 2014 either except for the debt for shares issued in February (before the PPS rise) noted in the quarterly report.
Its been a great year for MYEC!
Do your own DD!
I hadn't seen it, thanks for posting.
Way to sell into the bid d-bags!
Not sure it may have been after the close. We will see this morning what the Bid/Ask looks like.
Where did the ASK go?
There was 600MM on the ask this morning, now only 150MM?
Expecting a rise?
Starting to think there is no such thing as strong hands.
I'm not accusing anyone person of anything so please don't jump down my throat.
I just think there are many more flippers than they appear to be. As you read the board, everyone is constantly in accumulation mode, its a rare person that admits to grabbing profit.
Sudden volume possibly indicating after hour PR?
Just spec.
The audited financials are a big deal, these next 2 weeks are the time to have a steady release of info. if they want the PPS to rise IMO
So will there be an end of the month PR?
I know. Just saw it mentioned, didn't remember seeing it posted here, thought I'd share.
More eyes the better.
Marijuana Hot List GRCU, OSLH, MYEC
...
MyEcheck Inc (OTCMKTS:MYEC)
A lot of people have turned negative here and this is another stock that could benefit from a shareholder update from management. From what we have seen lately things look OK, The company, which has been operating out of El Dorado Hills, said it entered into a three-year lease agreement for approximately 3,200 square feet of Class A office space at 2600 E. Bidwell St., Suite 140, in Folsom. The new space accommodates about a dozen employees. MyECheck, which recently hired several several new employees and independent contractors, said it is negotiating a lease for additional space in the same building to accommodate another 12 to 15 workers.
This could easily return over 3c if management can get their message out.
[url][/url][tag]http://www.livetradingnews.com/marijuana-hot-list-grcu-oslh-myec-61853.htm#.U9e-453D-ig[/tag]
4 days green then 1 or 2 days red was the trend back in the winter when this was running
Do that again and we will back at 52 week high pretty quickly!
Will the MMs let it be?
.0195 on the ASK!
If they would just let the market determine the price, we would be back at a dime in a matter of days or weeks.
It would be nice to know when the billion debt shares have dried up.
I don't think so, Bid building at .017
If you look at the Q1 financials you would know they do not need to sell stock to pay employees.
Does that say 4.8MM on the ASK?! WTF?!?!
Further dillution is NOT an issue here. The dilution in the Q was in 2013. There was one debt converted in Q1 and Ed has confirmed there have been no other issuances since.
OK so it was the discrep. between Annual and the Q. But we knew that in May, not sure why this is an issue suddenly driving the price down.
What's the issue with the share count. Sorry been out of the loop, tried to go back and read but can't find the issue that has everyone concerned.
The PPS has nothing to do with news. Its a combination of manipulation and continuation of debt-shares introduced into the market.
When the shares that were given out to settle their debt in Q1 dry up, the PPS will rise. Also, it will not surprise me if the Q2 financials show more shares were issued. Which, if it was for good business reasons, I have no problem with that. That is why a company goes public, to raise capital.
I look forward to the day, and I'm confident it will come, when the PPS rises, and we up-list, and less manipulation will occur and the company will be completely self-funding.
Got to hang-in until then. All IMO.
No R/S announced. It would make zero sense to R/S at this point. Get it up to .10 and maybe they would to bump to NASDAQ.
No way they do it before ten cents!
IMO Go MYEC!
Good post. I have encouraged friends to invest here based on everything I learned over the last 18 months. 1 came back worried about the PPS, and the other corrected him saying look at it every 3 months not every 3 minutes.
We invested long term, I don't want the short term tax penalty anyway. I have no intention of selling 80% of my holdings until 2015 at the earliest. I play with the other 20%. Not worried here long term.
But...I wish I understood the decline over the last 30-45 days especially in light of so much positive news and q1 results. There have been NO negatives. I can speculate like everyone else, bottom line I look forward to uplisting.
Pretty sure they are due 45 days after the end of the quarter.
Must have missed it, my bad. Is that in the Quarterly report?
This may have just been asked but how can it be assigned to the company and not be on the Balance Sheet. I work in Finance for a bank, doesn't sound like GAAP to me.
But like I said I believe it will be when the time is right. I bet that will be resolved when the audit is complete.
But it hasn't been done yet. I think that is his point.
Not that I don't trust his word, he has done everything he said he was going to do, but until its official...its not.
Agreed, but at soem point in the past 2 months that was brought up to Ed and he claims at some point the Patent will become MYEC's.
IMO That is when we jump to NASDAQ
Bid > Ask? Raise your ask people!
Crazy 8s baby! Lets go!
First of all Paychex is a very impressive company. They didn't get that big without a reat sales tema regardless of your individual experience.
Secondly, if you think about it, Paychex has relationships with electronic deposit operations in thousands of banks across the country to process its checks, so wouldn't Wigle be instrumental in bringing MYEC to all of the right contacts at those banks?
I think the hire is brilliant.
Ed is creating a stellar team of executives!
Now that we have a steady flow of operating capital, I'm looking forward to the "shares for debt" shares finishing their dillution.
My opinion, that is what is killing us for the last month+.
It would be nice to know when they are, but there is no way to find out right?
Purposely? LMAO
Really need these statements audited!
I just compared the Quarterly and Annual reports. The annual report disclosure on the OS is not accurate. They are missing a bunch of issuances.
It looks like the Quarterly report is accurate whcih is catching many people off guard.
The OS at 12/31/13 was 4.7b not 4.1b, so when they retired the 1b (2/17) and then issued another 400MM for debt(also on 2/17), we land at 4.1b.
So they DID NOT dillute 1 billion shares. They did settle debt for 400MM shares; and it doesnt state if it is restricted.
They will catch these error in the audit process and will have to re-issue.
Is what it is.
Oh and the million in profit in Q1 was mostly in receivables which have since been collected. So they didn't have the cash in Q1.
My opinion is that in Q1 they needed the capital. And that maybe most of the revenue was later in the quarter.
Just speculation on my part. Which is why I said if the dillution trend conintues in Q2 and Q3 I would be concerned.
But everything else points ion the right direction, no?
What's wrong with a company selling stock?
They are making so many moves, and putting numbers on the books. I don't see the problem.
I see the 400 million (not a billion) that they either dilluted or did a debt trade.
If it appears again in Q2 and Q3 I may be concerned but not in Q1 in light of everything goign on. They have to raise money to fund these initiatives and new hires, no?
One more thing. Why would you not buy at these levels if they are going to sell them cheap.
If Q1 doesn't make you excited about Q2, I don't know why your here.
Slap the ask!
$MYEC
Dont overreact to every trade. Forget the minute to minute.
Check in this afternoon.
Have a great day everyone.
Let it ride. Won't be shaken by shorties.