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NITE and CSTI selling the 816k remaining shares showing at .0066
CDEL is first on bid at .0065 and on the as ask at .0094 after the 2 MM just mentioned
EDIT* CDEL now bidding .0062 and asking .0065
Good Morning [SMART MONEY]
SMB is well rested and back in action.
I picked up some $FROZ .02 EOD, looked like some MM trickery, i'm expecting a nice pop first 20 min tmrw.
I'm also liking $MYEC, Market Maker MAXM has been the "boss" bid for a while, when is he ever on a penny? There is HEAVY HEAVY MM manipulation, today they dropped the bid to .039 to get stop loss orders then they started loading millions of shares at/below the bid.
MARKET MAKERS loading MILLIONS of shares at/under bid after they tried to drop the bid and steal some poor peoples .039 stop loss, AKA they are LOADING THIS BISH!
MAXM is backing us up, he's rarely the "boss" bid on pennystocks. Why is that? Could it be because this will not be a penny for long?
$MYEC(heck)
Get it....MYECheck The president is going to make us rich
GSML (.0348) Name change to Cannabis Holdings Inc. In Colorado
http://ih.advfn.com/p.php?pid=nmona&article=61852498&symbol=GSML
http://www.sos.state.co.us/biz/ViewImage.do?fileId=20141149359&masterFileId=20141149359
MYEC is up 10% and buys are going in on the ASK as they have for 3 days.
Heavy Market Maker Maipulation
MYEC owns a patient for the backbone for the future of electronic checks and http:www.mj-pay.com
Market Makers have been walking it down and collecting shares.
Bashers and MM are out in full force trying to shake the weak..
Know what you own! Future of electronic check payments
Fidelity lets me buy as much or as little of $MYEC as I want for $7.99
MYEC CHART: Trend-lines intact, excellent price point, incredibly undervalued here imo.
Confessions of a Market Maker:
"I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."
Market Maker's Operating Procedure
The savvy long-term investors never chase stocks up. For the most part that is momentum players and daytraders where most of it or what follows is dumb money. Instead the long-term investors use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading against the public mind or the dumb money. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. However the second is not to doubt the research which is the underlying basis for going long and holding.
More and more investors are winning the game nowadays despite all bashers that float through the Internet that has become part of the game. Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price.
MMs follow a simple code of business when making a market in a stock especially an OTC BB. That is the level that stocks will seek that yields the most volume. Now this is very important because they make money on the volume buying at the bid and selling at the ask. In other words, by making the market they are buying low and selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $83 or at $0.23. All they care about is the action thus being able to sell stock at the offer (The high) and buy stock at the bid (The low). To increase their profitability, they make the spread as great as possible on as many shares as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy and sells to get the maximum action. Remember, MMs play the volume. If the volume decreases and there are mostly Buys that become a one way volume, Buy volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there that they can and then comes the pullback one way or another naturally or induced. During the pull back they can buy tons of shares and flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see
The average price is the point where a stock seeks a level where MMs can profit on the most volume. So during the day that is the price that MMs and momentum/day traders want to see the stock at. Why? Because they know the public and dumb money was chasing the price thing up. Most of the time, the MMs love a flurry of Market Orders which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them. Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance they get and the NASD is not going to do anything about it. They are merely making the market liquid is there reasoning.
The market makers have created an added complication to the OTCBB's chaos of the already volatile intra-day price movements created by dumb money, momentum and day-traders. MMs can not relate to long-term holders in the OTC BB. That makes absolutely no sense what so ever. They feel a large percentage of trades in the OTC BB market consist of short-term or day-trades, MMs merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMs feel or rather know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop.
Now somewhat comfortable with this logic the MMs merely short sells into the buying and attempts to take the stock down in an effort to "shake out" the weak. Since it is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMs. What the long-termers do to a stock is surprise the MMs because instead of falling the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy campers. The investors and traders are supposed to be doing that no them. Now it becomes time to pull out every trick and tactic in the book in order to attempt to get a Bear Raid at every dollar mark or percent from where the stock started. Could be a penny in smaller priced securities? What MMs do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMs short position so they let it go to the next level. Now come more deliberate tactics MMs use to coerce Bear Raid or panic selling.
Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB. They start accumulating and buying comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of collusion designed to fix quotes or spreads, but a recent SEC investigation tells another story.
MMs have a vast resource of tactics and it would take probably more than my lifetime to figure them all out.
So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB vs the MMs, if the MMs have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence.
However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper.
The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company.Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs.
This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin.
I have never seen such MM manipulation as I do in $MYEC, something huge must be brewing
$MYEC Market Maker bounced her off 20SMA 1M1D Chart as expected should be moving north from these lows
MYEC Real company going into HUGE Electronic Check biz and http://www.mj-pay.com
OWNS: US Patent 7,389,913 (ELECTRONIC CHECK CLEARING) with sub-licensing rights, complaint with Check 21 legislation. Not even booked on balance sheet yet
Board of Federal Reserve intends to facilitate banking industry into fully electronic check collection and return and 2011 notice comments are due MAY 2nd, 2014.
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Proposed rule, request for comment.
"On March 25, 2011, the Board published a notice of proposed rulemaking (‘‘2011 proposal’’) intended to facilitate the banking industry’s ongoing transition to fully electronic interbank check collection and return.
Based on its analysis of the comments received in response to the 2011 proposal, the Board is revising its proposed amendments to subparts C and D of Regulation CC and is requesting comment on a revised proposed rule that would, among other things, encourage depositary banks to receive and paying banks to send returned checks electronically.
The Board is requesting comment on two alternative frameworks for return requirements. DATES: Comments must be submitted by May 2, 2014."
http://www.gpo.gov/fdsys/pkg/FR-2014-02-04/pdf/2013-30024.pdf
http://www.otcmarkets.com/stock/MYEC/financials#
$MYEC
DD Notes ~ http://www.ddnotesmaker.com/MYEC
##### recent news/filings ~ source: finance.yahoo.com
Thu, 10 Apr 2014 17:45:00 GMT ~ MyECheck Announces Additions to Senior Management and Board of Directors
[Marketwired] - MyECheck, Inc. , an electronic payment solutions provider and the leader in fully electronic check technology, today announced that it has confirmed Bill Delgado as a member of the Board of Directors of ...
read full: http://finance.yahoo.com/news/myecheck-announces-additions-senior-management-174500691.html
*********************************************************
Wed, 09 Apr 2014 17:04:07 GMT ~ MYECHECK INC. Financials
read full: http://finance.yahoo.com/q/is?s=myec
*********************************************************
Fri, 04 Apr 2014 15:33:00 GMT ~ MyECheck to Provide Fully Electronic Check Services to VX Gateway
[Marketwired] - MyECheck, Inc. , an electronic payment solutions provider and the leader in fully electronic check technology, today announced that VX Gateway, a provider of global payment services and technologies, has ...
read full: http://finance.yahoo.com/news/myecheck-fully-electronic-check-services-153300187.html
*********************************************************
Wed, 02 Apr 2014 15:48:00 GMT ~ MyECheck to Provide Fully Electronic Check Services to the iCard1 Network
[Marketwired] - MyECheck, Inc. , an electronic payment solutions provider and the leader in fully electronic check technology today announced that iCard1, an innovative global electronic banking platform and payment services ...
read full: http://finance.yahoo.com/news/myecheck-fully-electronic-check-services-154800928.html
*********************************************************
Tue, 01 Apr 2014 01:35:00 GMT ~ MyECheck Reports 2013 Annual Results
[Marketwired] - MyECheck, Inc. , an electronic payment solutions provider and the leader in fully electronic check technology today announced financial results and issues its annual report for 2013.
read full: http://finance.yahoo.com/news/myecheck-reports-2013-annual-results-013500776.html
*********************************************************
##### chart ~ source: stockcharts.com
##### chart ~ source: eoddata.com
##### company info ~ source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/MYEC/company-info
Ticker: $MYEC
OTC Market Place: OTC Pink Current
CIK code: 0001347004
Company name: MyECheck, Inc.
Company website: http://www.myecheck.com
Incorporated In: WY, USA
##### extra dd links
Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001347004&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/MYEC/filings
Latest financials: http://www.otcmarkets.com/stock/MYEC/financials
Latest news: http://www.otcmarkets.com/stock/MYEC/news - http://finance.yahoo.com/q/h?s=MYEC+Headlines
Major holdings: http://data.cnbc.com/quotes/MYEC/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=MYEC+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/MYEC.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=MYEC
RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=MYEC&search=search
DTCC: http://search2.dtcc.com/?q=MyECheck%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=MyECheck%2C+Inc.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=MyECheck%2C+Inc.&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.myecheck.com
Alexa: http://www.alexa.com/siteinfo/http://www.myecheck.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.myecheck.com
http://www.pennystocktweets.com/stocks/profile/MYEC
##### last known share structure ~ source: otcmarkets.com
Market Value: $172,525,371 a/o Apr 11, 2014
Shares Outstanding: 3,086,321,486 a/o Feb 07, 2014
Float: 1,032,648,198 a/o Feb 07, 2014
Authorized Shares: 4,900,000,000 a/o Sep 30, 2013
Par Value: 0.001
##### business description ~ source: otcmarkets.com
IC
DD Notes ~ http://www.ddnotesmaker.com/MYEC
Board of Federal Reserve intends to facilitate banking industry into fully electronic check collection and return and 2011 notice comments are due MAY 2nd, 2014.
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Proposed rule, request for comment.
"On March 25, 2011, the Board published a notice of proposed rulemaking (‘‘2011 proposal’’) intended to facilitate the banking industry’s ongoing transition to fully electronic interbank check collection and return.
Based on its analysis of the comments received in response to the 2011 proposal, the Board is revising its proposed amendments to subparts C and D of Regulation CC and is requesting comment on a revised proposed rule that would, among other things, encourage depositary banks to receive and paying banks to send returned checks electronically.
The Board is requesting comment on two alternative frameworks for return requirements. DATES: Comments must be submitted by May 2, 2014."
http://www.gpo.gov/fdsys/pkg/FR-2014-02-04/pdf/2013-30024.pdf
$MYEC Market Makers trying to fake tank EOD friday but people are buying the ASK and creating a monster doji candle explosion for next week
I reloaded 50,000 shares at .06 two days ago when I saw the Market Maker games. I load when they load. I didn't sell at .06 today.
What do you think? I'm a long with the President.
The Market Makers are in control and they are loading shares.
The bashes are out and they are loading shares.
I'm right here with you and loading shares.
Don't let them steal your plane ticket.
Next week the sheep will buying these same shares at a lot higher price imo
$MYEC .058
Confessions of a Market Maker:
*A Note from hawkstar*
I agree with most of what the author has written below and believe he provides a powerful incite into what goes on behind the screen. During this post he advocates going long with your investments, BUT you must be careful and know the difference between INVESTING and TRADING highly volatile penny-stocks; most of the time with volatile penny-stocks you must get in and take your profit quickly, but if you find a solid company with solid management, business plan, revenues, low debt, and a growing market share then that would be the type of acceptable long term investing the author is referring to.
Author Unkown:
"I was an OTC MM for about 10 years ending in the late 80's. Since then I have been strictly an investor. Since I have not been that up to date in MM rules I will only make statements that I feel fairly confident are still accurate regarding these activities. By and large most MM don't have a clue nor do they care to learn, about the fundamentals of the stocks they trade.
They just try to make orderly markets. When dealing with BB stocks it is very easy for a MM to get trapped into being short in dealing in a fast moving market. Reason being; most of the MM's in this stock are what are called "wholesalers" this means they don't have retail brokers "working" the stocks.
So they have to rely on what's known as the "call" from larger retail houses. If a "Big" retail firm like an E-trade calls up a market maker to purchase say 5,000 shares of a stock, they expect to get an "execution" from that market maker. If he turns them down, or only gives a partial then the "Big" firm will go to another MM.
If this second MM "fills the order" then that "Big" firm has a moral obligation to continue to give future "business" in that stock to that MM who performed (his life blood). This will go on until he "fails" to perform and so on.
Contrary to popular opinion the "Big" firms Do NOT neccessarily go to the "Low Offer" to fill a buy order (Or high bid for a sell). They "Go" to who they think will perform to fill the order and expect that MM to "match" the "low offer" in the case of a buy (bid in the case of a sell). Even though this MM might in fact be the "high bid" and not really want to sell any more.
As a wholesaler he must perform or he will get a reputation as a "non-performer" with the "Big" houses and will cease getting "calls" which means he will soon go out of business. I mentioned above that this activity is very significant to BB stocks. I say this because most of the trades in these BB stocks are "unsolicited" and are done through discount houses.
With the above groundwork laid, let me try to explain how market makers get short even if they like the Company; Lets say that a stock (shell) has been lying quietly at $.25 bid $.50 offered. A limit order comes into one of the MM's to Buy at $.50 for a thousand shares. Prior to this trade that MM may be "flat" (neither long or short any shares). He fills the order and is now short 1,000 shares. He may raise his bid hoping to find a seller to "flatten" out his position. But before he realizes it a wave of buyers have come in and cleared out all the $.50 offers. Now the stock is $.50 bid .75 offered. Here comes that "Big" firm he just sold the 1,000 shares to at .50 with another bid for 1000 at .75. He makes this print. Now he is short 2,000 at an average of .625. The market keeps moving and now its .75 bid 1.00 offered. Now he has to make a decision.
Just like investors, MM Hate to take a loss. So 9 times out of 10 he will now sell 2000 at 1.00 making him short 4000 but with an average .81. At this time he would love to see a seller at .75 so he can cover his short and make a few bucks.
But instead the market keeps moving up. Now it is 1.00 to 1.25 and here comes the buyer again at 1.25. He doesn't want to lose the call so now he needs to sell 4,000 at 1.25 to keep his break even point above the bid. Now he is short 8,000. Market moves up to 1.25 bid 1.50 offer here comes the buyer now he feels he must sell 8000 here because "stocks don't go up forever".
Now he is short 16,000. And so on and so on. If the stock keeps moving up, before he realizes it he could be short 50k or 100k shares (depending how big his bank is). _________________________
Finally the market closes for the day and on paper he may look all right in that his "break even" price may be around the closing price. But now he has to figure out how to entice sellers so he can cover this short. It is important to note that if this happened to one MM it has probably happened to most all of them.
Some ways MM's entice sellers; Run the stock up with a "tight spread" in a fast market, then "open" up the spread to slow down the buying interest. After it has "cooled off" for a little while lower the offer below the last trade right after a small piece trades on the offer then tighten the spread so that the sellers feel they can take a "quick profit" by "hitting the bid" on the tight spread.
Once the selling starts the MM's will walk it down quickly by only making small prints on the way down with the tight spread. Another way is by running the stock up in the morning, averaging up their short then use the above technique to walk it down in the afternoon.
Hopefully after doing this for several days, it will demoralize the buyers. The volume will dry up and the sellers will materialize thinking that the game is over.
Contrary to popular opinion, MM usually Do Not Cover in Fast moving markets either Up or Down if they are short. They Short More. They usually try to cover after the frenzy is out of the market. There are many other techniques they use but the above are the most popular.
This technique works about 9 times out of 10 particularly in a BB market. However that is because 9 out of 10 BB stocks are BS. Remember what I said above. Most MM's don't have a clue as to the value of a Company until they get trapped. If the Company has solid fundementals and a bright future. Then the stock will do very well. And the activity that caused the situation will prove to even help the future stock activity because it created an audience."
Market Maker's Operating Procedure
The savvy long-term investors never chase stocks up. For the most part that is momentum players and daytraders where most of it or what follows is dumb money. Instead the long-term investors use a couple of simple strategies in order to position themselves. One is to find a stock no one immediately sees has huge potential and accumulate. Long-term investors are not interested in trading against the public mind or the dumb money. That's where the majority of the money can be made but even more can be made if the base of a stock is held extremely strong by investors. However the second is not to doubt the research which is the underlying basis for going long and holding.
More and more investors are winning the game nowadays despite all bashers that float through the Internet that has become part of the game. Floor traders of market makers often watch CNBC, news wires and bulletin boards in order to follow the market during trading session. OTC BB market makers (MMs) don't use fundamental and technical analysis. However, what they do realize is a lot of dumb money does use this newest nitch charting or TA (Technical Analysis) to run a stock either up or down. To the MMs this is like taking candy from a baby. Simply they will paint the tape and use whatever tactic to affect the charting bands. Thus the public and dumb money they will have eating out of their hands. Effectively the MMs can show a strong stock growing weak by manipulating the close price in order to generate selling volume, delaying trading time to manipulate trading activities, or even stalling the ask without honoring orders to hold a stock price.
MMs follow a simple code of business when making a market in a stock especially an OTC BB. That is the level that stocks will seek that yields the most volume. Now this is very important because they make money on the volume buying at the bid and selling at the ask. In other words, by making the market they are buying low and selling high. Now smart money adheres to that rule, so do all the market makers. They could careless whether the stock is at $83 or at $0.23. All they care about is the action thus being able to sell stock at the offer (The high) and buy stock at the bid (The low). To increase their profitability, they make the spread as great as possible on as many shares as they can especially if the volume falls off.
When they have mostly all "buy" orders, that's not the price that's going to yield the most volume. They need both buy and sells to get the maximum action. Remember, MMs play the volume. If the volume decreases and there are mostly Buys that become a one way volume, Buy volume. So what they do is let the stock run up to a price where it runs out of steam. They fill all the buy orders there that they can and then comes the pullback one way or another naturally or induced. During the pull back they can buy tons of shares and flip them to those averaging down or trying to catch the bounce. At some price, the stock will be relatively stable and yield the most volume. Now that is the average price you will see
The average price is the point where a stock seeks a level where MMs can profit on the most volume. So during the day that is the price that MMs and momentum/day traders want to see the stock at. Why? Because they know the public and dumb money was chasing the price thing up. Most of the time, the MMs love a flurry of Market Orders which is a dead sign of an artificial run or momentum. Merely it is money in the bank for them. Most get hung in a momentum or day trade or by the tactics of Market makers, who are in the business to screw the public every chance they get and the NASD is not going to do anything about it. They are merely making the market liquid is there reasoning.
The market makers have created an added complication to the OTCBB's chaos of the already volatile intra-day price movements created by dumb money, momentum and day-traders. MMs can not relate to long-term holders in the OTC BB. That makes absolutely no sense what so ever. They feel a large percentage of trades in the OTC BB market consist of short-term or day-trades, MMs merely view the barrage of buy and sell orders as relatively neutral to the market. How they figure it is when the average dumb money buys shares in a company, the MMs feel or rather know with some certainty it is very likely that dumb money will want to sell back those shares relatively quick on the slightest drop.
Now somewhat comfortable with this logic the MMs merely short sells into the buying and attempts to take the stock down in an effort to "shake out" the weak. Since it is tough to know for sure whether a move is the beginning of a trend, or a routine shake out, this type of deception works quite well for the MMs. What the long-termers do to a stock is surprise the MMs because instead of falling the shorting has no effect and the price goes up. Now that puts the MM at selling low through shorting and thus having to buy high in order to cover.
Boy, when this happens, the MMs are not very happy campers. The investors and traders are supposed to be doing that no them. Now it becomes time to pull out every trick and tactic in the book in order to attempt to get a Bear Raid at every dollar mark or percent from where the stock started. Could be a penny in smaller priced securities? What MMs do is give you a chance to make a small amount of money for your momentum and day trading style by shorting it at these levels and trying to get a bear raid each time. Each failure is compounding the MMs short position so they let it go to the next level. Now come more deliberate tactics MMs use to coerce Bear Raid or panic selling.
Once the MM is caught short and the strength of the buy is overpowering the MM will want to cover his short position. So the MMs call up one of his friendly MMs and says some like "the weather is sure rough today." The MM along with the other "friendly MM initiates a down tick about the same time. Now this can also be done with a certain amount of shares such as an infamous 100 shares flag. This down tick gives the illusion of weakness designed to hopefully begin the bear raid of selling. The fickle, fearful, day trader, momentum and short term begin to sell out allowing the MM to cover his short position at lower prices. They will move it down quickly to get it to a price of least financial damage. Problem they have is long-term investors in the OTC BB. They start accumulating and buying comes flying in when they take it too far thus the MMs took it to the point of volume again and not only investors the other MMs step in the make money on the spread.
Alas the poor MM does not get to cover. Now comes various tactics like stalling, boxing, or even locking the Bid and Ask for a while.
Of course, MMs aggressively deny any sort of collusion designed to fix quotes or spreads, but a recent SEC investigation tells another story.
MMs have a vast resource of tactics and it would take probably more than my lifetime to figure them all out.
So how do investors somehow manage to overcome the obvious deception in OTCBB arena? One answer is indirection trading style by going long which the MMs do not expect. In the war between investors and public companies on the OTC BB vs the MMs, if the MMs have all the advantages due to position or other factors, direct confrontation such as momentum or day trading hitting the stock is a definite death sentence.
However, an indirect approach tends to weaken the path of least resistance before slowly overcoming it. The most effective way is long-term investors slowly accumulating and holding thus drawing the MMs out of its defenses making them as naked as their short position. This is war so this slow accumulation and holding for the long term easily achieves the desired effect to force MMs to cover and knock off the tactics or bury themselves deeper.
The MMs when caught will especially use every trick and tactic in the book to get a Bear Raid thus playing on the individual fear of most people. The MMs feel they have information and position advantages over the investors as long as the holding of the stock is in weak hands or short term holders. Since they are OTC BB MMs who believe all OTCBB companies are not worth investing and management is ineffective regardless what is happening within the company.Furthermore, MMs know they are in the position to impose a great deal of influence in OTC BB stocks trading when it suits their needs.
This inherent power of position enables the MMs to move the markets at any time up or down. As a result, the only way to draw them out of their favorable position is going long. Now this does not mean just any company but to effectively nail the MMs, Longs must find the great company on the floor and accumulate long before the MM tactics and games begin.
MYEC -NEWS- Vetted industry pro's being added, and market makers adding, IM ADDING!
http://www.otcmarkets.com/stock/MYEC/news?id=78909
http://www.linkedin.com/pub/william-%22bill-delgado/10/b15/16
$MYEC NEWS! Read it!
MyECheck Announces Additions to Senior Management and Board of Directors
Apr 10, 2014
OTC Disclosure & News Service
-
MyECheck Announces Additions to Senior Management and Board of Directors
MyECheck Board Appoints Bill Delgado as Director and Employs Rod Jalunardo as Chief Operating Officer
EL DORADO HILLS, CA--(Marketwired - Apr 10, 2014) - MyECheck, Inc. (OTC Pink: MYEC) (PINKSHEETS: MYEC), an electronic payment solutions provider and the leader in fully electronic check technology, today announced that it has confirmed Bill Delgado as a member of the Board of Directors of MyECheck, Inc., and it has employed Rod Jalunardo as Senior Vice President of Operations and Chief Operating Officer (COO).
William J. "Bill" Delgado, MBA, has 33 years of technology management experience as CEO, CFO and Director, recently instrumental in the success of GDSI, Inc., a digital technology solutions provider to governments.
Rod Jalunardo has over 20 years' experience as CEO, COO, CFO and Director of successful technology companies with strong skills in all areas of corporate management, with particular expertise in operations systems development and management.
Rod has been a pioneer in the field of digital health information, having developed and implemented many new technologies related to medical data, telemedicine, and financial management systems for health care providers and consumers. Rod brings an extensive amount of data processing knowledge and experience to MyECheck, and will streamline and manage the business processes of MyECheck in the role as COO.
From 2005 through 2012 Rod served as COO and CFO of American HealthGuard, a dental HMO with 30,000 members and 1,500 providers, and is the Founder and a Partner in Health Credit Partners, Inc., a provider of financial solutions to the health care industry. Rod has also held many senior management positions at the University of Southern California.
Bill Delgado has extensive experience with strategic planning, feasibility studies, economic analysis, design engineering, and network planning skills. Mr. Delgado founded All Star Telecom in late 1991, which was sold to International FiberCom in 1999. In 2002, Mr. Delgado became President/CEO of Pacific Comtel which was acquired by GDSI, Inc. Mr. Delgado became a Director, President, CEO and CFO of GDSI, Inc. in 2004 and has recently stepped down as CEO of GDSI to work with MyECheck.
Bill brings a wealth of invaluable experience and contacts to MyECheck. In addition to his practical business experience related to the global deployment of multiple digital technologies, as President of GDSI, Bill closed large contract high technology sales to US, and foreign governments. Bill's work with GDSI has enabled him to establish strong relationships with his customers, along with other valuable strategic relationships.
Ed Starrs commented, "Our Company takes a giant leap forward with the additional of these outstanding individuals. Rod will take from me many of the day-to-day operational functions of the company, allowing those processes to be streamlined and managed by Rod. This also frees more of my time for more customer focused work."
"Bill will help the company with government accounts, and with up-listing to a senior exchange, and with many other Company projects, he is totally engaged," Starrs added.
About MyECheck
MyECheck Inc. is a leading electronic payment technology developer providing a new electronic payment method that is replacing cash, paper checks, credit & debit cards, and ACH "e-check" payments. MyECheck operates under license to US Patent 7,389,913, "Method and Apparatus for Online Check Processing" granted June 2008. The patented new fully electronic real-time payment method is the fastest, most secure and most cost effective method of processing payments in the US, and it works with the most people, businesses and entities. MyECheck provides comprehensive payment systems for all payment applications including mobile payments and the industry's most advanced security and fraud control technologies. MyECheck customers include corporations, retailers, governments, payment processors and financial institutions.
Please visit www.myecheck.com
Forward-looking statements in this release are made pursuant to "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including, without limitation, continued acceptance of mentioned products, increased levels of competition, new products and technological changes, dependence upon third-party suppliers, intellectual property rights, and other risks detailed from time to time in reports filed with the SEC.
Contact:
Ed Starrs
Investor Relations: ir@myecheck.com
Sales: info@myecheck.com
$FROZ .01 news merger complete ATP volume!
MYEC - $20,000 orders are hitting the ask. The MM are loading up and trying to shake people out of their shares.
http://www.otcmarkets.com/stock/MYEC/financials#
$MYEC - HUGE HITS OVER AND ON THE ASK. MM are loosing shares this is going to the moon!
mj-pay.com
gov to gov payments.
$MYEC - HUGE HITS OVER AND ON THE ASK. MM are loosing shares this is going to the moon!
mj-pay.com
gov to gov payments.
MYEC HUGE HITS OVER AND ON THE ASK. MM are loosing shares, they tried so hard to do a fakeout this morning.
HUGE HITS OVER AND ON THE ASK. MM are loosing shares this is going to the moon!
$MYEC: http://www.mj-pay.com/
The only Gov to Gov electronic payments allowed payments and MMJ banking
$MYEC Due Diligence and Charts
##### recent news/filings ~ source: finance.yahoo.com
Wed, 09 Apr 2014 17:04:07 GMT ~ MYECHECK INC. Financials
read full: http://finance.yahoo.com/q/is?s=myec
*********************************************************
Fri, 04 Apr 2014 15:33:00 GMT ~ MyECheck to Provide Fully Electronic Check Services to VX Gateway
[Marketwired] - MyECheck, Inc. , an electronic payment solutions provider and the leader in fully electronic check technology, today announced that VX Gateway, a provider of global payment services and technologies, has ...
read full: http://finance.yahoo.com/news/myecheck-fully-electronic-check-services-153300187.html
*********************************************************
Wed, 02 Apr 2014 15:48:00 GMT ~ MyECheck to Provide Fully Electronic Check Services to the iCard1 Network
[Marketwired] - MyECheck, Inc. , an electronic payment solutions provider and the leader in fully electronic check technology today announced that iCard1, an innovative global electronic banking platform and payment services ...
read full: http://finance.yahoo.com/news/myecheck-fully-electronic-check-services-154800928.html
*********************************************************
Tue, 01 Apr 2014 01:35:00 GMT ~ MyECheck Reports 2013 Annual Results
[Marketwired] - MyECheck, Inc. , an electronic payment solutions provider and the leader in fully electronic check technology today announced financial results and issues its annual report for 2013.
read full: http://finance.yahoo.com/news/myecheck-reports-2013-annual-results-013500776.html
*********************************************************
Fri, 28 Mar 2014 15:13:26 GMT ~ Itonis, Inc. Signs App License Agreement With MyECheck, Inc. for Medical Marijuana Point of Purchase App
[Marketwired] - Itonis, Inc. today announced that it has signed a Licensing Agreement with MyECheck, Inc. for Itonis to acquire a software license for MyECheck's patented mobile payment app that will facilitate point ...
read full: http://finance.yahoo.com/news/itonis-inc-signs-app-license-151326948.html
*********************************************************
##### chart ~ source: stockcharts.com
##### chart ~ source: eoddata.com
##### company info ~ source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/MYEC/company-info
Ticker: $MYEC
OTC Market Place: OTC Pink Current
CIK code: 0001347004
Company name: MyECheck, Inc.
Company website: http://www.myecheck.com
Incorporated In: WY, USA
##### extra dd links
Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001347004&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/MYEC/filings
Latest financials: http://www.otcmarkets.com/stock/MYEC/financials
Latest news: http://www.otcmarkets.com/stock/MYEC/news - http://finance.yahoo.com/q/h?s=MYEC+Headlines
Major holdings: http://data.cnbc.com/quotes/MYEC/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=MYEC+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/MYEC.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=MYEC
RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=MYEC&search=search
DTCC: http://search2.dtcc.com/?q=MyECheck%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=MyECheck%2C+Inc.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=MyECheck%2C+Inc.&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.myecheck.com
Alexa: http://www.alexa.com/siteinfo/http://www.myecheck.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.myecheck.com
Short Sales: http://www.otcmarkets.com/stock/MYEC/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/MYEC/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/MYEC/research
Historical Prices: http://finance.yahoo.com/q/hp?s=MYEC+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=MYEC+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=MYEC+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=MYEC+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=MYEC+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=MYEC+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=MYEC
Balance Sheet: http://finance.yahoo.com/q/bs?s=MYEC
Cash Flow: http://finance.yahoo.com/q/cf?s=MYEC+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/MYEC
Bloomberg: http://www.bloomberg.com/quote/MYEC:US
Morningstar: http://quotes.morningstar.com/stock/s?t=MYEC
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MYEC
Barchart: http://www.barchart.com/quotes/stocks/MYEC
OTC Short Report: http://otcshortreport.com/index.php?index=MYEC
Investopedia: http://www.investopedia.com/markets/stocks/MYEC/?wa=0
http://www.pennystocktweets.com/stocks/profile/MYEC
##### last known share structure ~ source: otcmarkets.com
Market Value: $157,711,028 a/o Apr 08, 2014
Shares Outstanding: 3,086,321,486 a/o Feb 07, 2014
Float: 1,032,648,198 a/o Feb 07, 2014
Authorized Shares: 4,900,000,000 a/o Sep 30, 2013
Par Value: 0.001
##### business description ~ source: otcmarkets.com
$MYEC Due Diligence and Charts
http://www.mj-pay.com/
##### recent news/filings ~ source: finance.yahoo.com
Wed, 09 Apr 2014 17:04:07 GMT ~ MYECHECK INC. Financials
read full: http://finance.yahoo.com/q/is?s=myec
*********************************************************
Fri, 04 Apr 2014 15:33:00 GMT ~ MyECheck to Provide Fully Electronic Check Services to VX Gateway
[Marketwired] - MyECheck, Inc. , an electronic payment solutions provider and the leader in fully electronic check technology, today announced that VX Gateway, a provider of global payment services and technologies, has ...
read full: http://finance.yahoo.com/news/myecheck-fully-electronic-check-services-153300187.html
*********************************************************
Wed, 02 Apr 2014 15:48:00 GMT ~ MyECheck to Provide Fully Electronic Check Services to the iCard1 Network
[Marketwired] - MyECheck, Inc. , an electronic payment solutions provider and the leader in fully electronic check technology today announced that iCard1, an innovative global electronic banking platform and payment services ...
read full: http://finance.yahoo.com/news/myecheck-fully-electronic-check-services-154800928.html
*********************************************************
Tue, 01 Apr 2014 01:35:00 GMT ~ MyECheck Reports 2013 Annual Results
[Marketwired] - MyECheck, Inc. , an electronic payment solutions provider and the leader in fully electronic check technology today announced financial results and issues its annual report for 2013.
read full: http://finance.yahoo.com/news/myecheck-reports-2013-annual-results-013500776.html
*********************************************************
Fri, 28 Mar 2014 15:13:26 GMT ~ Itonis, Inc. Signs App License Agreement With MyECheck, Inc. for Medical Marijuana Point of Purchase App
[Marketwired] - Itonis, Inc. today announced that it has signed a Licensing Agreement with MyECheck, Inc. for Itonis to acquire a software license for MyECheck's patented mobile payment app that will facilitate point ...
read full: http://finance.yahoo.com/news/itonis-inc-signs-app-license-151326948.html
*********************************************************
##### chart ~ source: stockcharts.com
##### chart ~ source: eoddata.com
##### company info ~ source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/MYEC/company-info
Ticker: $MYEC
OTC Market Place: OTC Pink Current
CIK code: 0001347004
Company name: MyECheck, Inc.
Company website: http://www.myecheck.com
Incorporated In: WY, USA
##### extra dd links
Edgar filings: http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001347004&owner=exclude&count=40
Latest filings: http://www.otcmarkets.com/stock/MYEC/filings
Latest financials: http://www.otcmarkets.com/stock/MYEC/financials
Latest news: http://www.otcmarkets.com/stock/MYEC/news - http://finance.yahoo.com/q/h?s=MYEC+Headlines
Major holdings: http://data.cnbc.com/quotes/MYEC/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=MYEC+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/MYEC.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=MYEC
RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=MYEC&search=search
DTCC: http://search2.dtcc.com/?q=MyECheck%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=MyECheck%2C+Inc.
Corporation WIKI: http://www.corporationwiki.com/search/results?term=MyECheck%2C+Inc.&x=0&y=0
WHOIS: http://whois.domaintools.com/http://www.myecheck.com
Alexa: http://www.alexa.com/siteinfo/http://www.myecheck.com#
Corporate website internet archive: http://web.archive.org/web/*/http://www.myecheck.com
Short Sales: http://www.otcmarkets.com/stock/MYEC/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/MYEC/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/MYEC/research
Historical Prices: http://finance.yahoo.com/q/hp?s=MYEC+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=MYEC+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=MYEC+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=MYEC+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=MYEC+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=MYEC+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=MYEC
Balance Sheet: http://finance.yahoo.com/q/bs?s=MYEC
Cash Flow: http://finance.yahoo.com/q/cf?s=MYEC+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/MYEC
Bloomberg: http://www.bloomberg.com/quote/MYEC:US
Morningstar: http://quotes.morningstar.com/stock/s?t=MYEC
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=MYEC
Barchart: http://www.barchart.com/quotes/stocks/MYEC
OTC Short Report: http://otcshortreport.com/index.php?index=MYEC
Investopedia: http://www.investopedia.com/markets/stocks/MYEC/?wa=0
http://www.pennystocktweets.com/stocks/profile/MYEC
##### last known share structure ~ source: otcmarkets.com
Market Value: $157,711,028 a/o Apr 08, 2014
Shares Outstanding: 3,086,321,486 a/o Feb 07, 2014
Float: 1,032,648,198 a/o Feb 07, 2014
Authorized Shares: 4,900,000,000 a/o Sep 30, 2013
Par Value: 0.001
##### business description ~ source: otcmarkets.com
MYEC SHORTS are SPEECHLESS!!!
35 Days until MJ PAY LAUNCH
www.mj-pay.com
The only Allowed Gov to Gov payment
http://www.otcmarkets.com/stock/MYEC/news/MyECheck-Launches-Application-for-Government-to-Government-Payments--Certifies-With-State-of-California--Registers-in-BidSync?id=77624&b=y
MMJ Industry already using their MyEcheck products:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=100244470
Increasing revenue, over a million in PROFIT in 2013, Can guess what 2014 brings:
http://www.otcmarkets.com/stock/MYEC/financials
$MYEC Financials leaked and MM tried to keep it under control while scooping up shares all day. I'm in 50K at .06
Cannon is set to explode tmrw IMO.
http://finance.yahoo.com/q/is?s=myec
Goverment to government payments
MMJ payments & Banking for MMJ
Increasing revenues big time
$$$
$MYEC Financials leaked and MM tried to keep it under control while scooping up shares all day. I'm in 50K at .06
Cannon is set to explode tmrw IMO.
http://finance.yahoo.com/q/is?s=myec
Goverment to government payments
MMJ payments & Banking for MMJ
Increasing revenues big time
$$$
PAWS (.122) 313,300 on the bid
$8.8 Million revenue in one month
$PAWS Oh now 313,300 shares want in at .12, I guess 8.8 Million of revenue in one month finally set in as a good thing
PAWS (.115) news, Hugely undervalued right now, boom time imminent imo
Market Cap of 12 Million with 8.8 MILLION of revenue in March. Can someone with a GED do the fundamental analysis on that for me? $$$
The PAWS Pet Company, Inc. (OTCQB:PAWS), announced it completed the merger of Pharmacy Development Corp. (PDC), the parent company of Mesa Pharmacy, Inc. ("MESA") into PDC, Inc. (PDCINC), PAWS wholly-owned subsidiary on March 31, 2014.
During the month of March, filled and shipped prescriptions gross revenues are exceeded $8,800,000 and the Company believes that MESA is on track to easily exceed that number in April.
MESA focuses on providing custom compounded non-narcotic, transdermal topical pain medications that are marketed to industrial health physicians and clinics. MESA has developed a series of topical ointments, in different strengths, that provide the pain relief doctors seek.
Furthermore, and also on March 31, 2014, the Board of Directors voted to add John F. Garbino and Edward Kurtz to the Board of Directors.
Edward is the current COO of PDC, INC., and of MESA. Today PDCINC and MESA employ over 25 people with first quarter 2014 sales (unaudited) exceeding $20,000,000.
John F. Garbino is currently the CEO of Trestles Pain Management ("Trestles"), a privately held pharmaceutical management consulting company. John and Trestles have spurred the rapid growth in sales MESA has experienced during 2014 and John intends to help grow sales at an ever-increasing rate and expand MESA's business into the rest of the nation.
Finally, a shareholder consent regarding the change of the corporate name to Praxsyn Corporation was completed on March 26, 2014. The Company expects to file amended articles of incorporation in the next few days, and when finalized, intends to submit the necessary paperwork to change its name with all relevant regulatory bodies.
About The PAWS Pet Company, Inc.
The PAWS Pet Company, Inc. is undergoing a transition from the pet space to the pharmaceutical space. This exciting transition strategy has been developed to take advantage of the changes underway in traditional medical services. PAWS believes that great opportunities exist in pharmaceuticals and how they are delivered to the public.
For more information on The PAWS Pet Company go to www.thepawspetcompany.com. For more information on Pharmacy Development Inc. go to www.pharmacydevelopment.com
Company Contact: ir@thepawspetcompany.com
Forward-Looking Statements
Certain statements made in this press release are forward-looking in nature (within the meaning of the Private Securities Litigation Reform Act of 1995) and, accordingly, are subject to risks and uncertainties. The actual results may differ materially from those described or contemplated and consequently, you should not rely on these forward-looking statements as predictions of future events. Certain of these risks and uncertainties are discussed in the reports we filed with the SEC