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PYCT RECOMMENDED BUY @.0001 IF YOU CAN STILL GET .0001's
The only place you can see the total share count (including all naked shorting) is the NOBO/OBO list and THE ONLY ENTITY THAT CAN PULL THE NOBO/OBO is the company!!!!!!!!!!!!!!!!!!!!!!!!!!!!
WE WILL SEE VERY SOON WHO IS TELLING THE TRUTH AND WHO IS NOT.
It's not nonsense it's A FACT, Like have have posted in the past, the law of averages says you can only own 3.6 million shares.
If you take a survey of all the people on the board you will find that the average is probably over 20,000,000 each.
I know 2 people that own 1,000,000,000 ONE BILLION between 2 people.
I my self have 135 million
If you take 6,000 shareholders times even 15,000,000 each that a short of about 70 billion.
SIMPLE MATH HERE
This volume is just the beginning. And that .0006 trade was just put out there by the MM's to bait some selling.
The MM's set the .0006 trade up to bait some sellers at .0001 to .0005. MARK THIS POST
LMAO! ya right! if it was not legal Tom would have not put it in an e-mail.
VFIN has not been on L2 for about 8 months.
It's not made up at all, 1005 FACT
NO, you see the states system automatically dissolves a corp for not filing. It can be re-activated with one form and within a few days.
No biggie
PayChest Negotiating Purchase Order Financing
HONG KONG--(Marketwire - May 30, 2012) - PayChest, Inc. (PINKSHEETS: PYCT)
PayChest Inc. (the "Company") is in advanced negotiations with several known companies with the aim of securing purchase order financing.
Purchase order financing involves a third party finance company paying for production, materials and 'work in progress' in exchange for a standard fee. This form of financing is available where there is good product profitability and is based on the customer's ability to pay. Without the constraints imposed by its own cash pool, the Company can grow faster and focus on meeting market demand.
This financing tool also allows the Company to direct its own cash resources, and profit from product sales, into other business areas such as marketing and new product development.
Some customers will fund their purchase orders by letter of credit, such as the $1.2mn purchase order announced April 16, 2012.
The company is excited about upcoming events and expects a number of news releases during the summer months.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's filings with OTC Markets http://www.otcmarkets.com/stock/PYCT/financials.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
Historical news releases on the Company can be found at http://www.paychest.com/news.htm.
Contact Information
Contact:
PayChest, Inc.
ir@paychest.com
Tom Hands:
1-416-619-5242
from overseas: +1-416-619-5242
PayChest Receives $1.2 Million Purchase Order
HONG KONG--(Marketwire - Apr 16, 2012) - PayChest, Inc. (PINKSHEETS: PYCT)
PayChest Inc. (the "Company") is very pleased to announce it has received its first Purchase Order worth $1.2 million.
The Purchase Order, from David Shaw & Company in the UK, requires delivery of 16 containers of Mibella flushable and biodegradable sanitary products over 12 months. Each container of product is worth more than US $75,000 in gross revenue to the Company.
David Shaw & Co. is a UK & Ireland distributor with more than 30 years' experience selling to large UK, Irish and European retailers.
Shortly before the product is placed onto store shelves, the Company plans to provide an update of retail stores where Mibella product will be placed and available to consumers.
As announced on February 10, 2012, the Company was negotiating six (6) purchase orders. Today's announcement marks the first of those anticipated purchase orders.
The Company continues to negotiate other purchase orders with the objective of building on this first purchase order and creating a growing pipeline of orders and revenue.
Historical news releases on the Company can be found at http://www.paychest.com/news.htm.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's filings with OTC Markets http://www.otcmarkets.com/stock/PYCT/financials.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
Contact Information
Contact Information
Contact:
PayChest, Inc.
ir@paychest.com
Tom Hands
1-416-619-5242
from overseas: +1-416-619-5242
"PayChest Oregon has already been issued a Cusip number for the stock dividend"
PayChest Provides Update on Spin Off
HONG KONG--(Marketwire - Jul 19, 2011) - PayChest, Inc. (the "Company") (PINKSHEETS: PYCT) is pleased to provide an update on the spin off and stock dividend of the Company's Oregon subsidiary (PayChest Oregon).
PayChest Oregon has already been issued a Cusip number for the stock dividend. An Information Statement is being prepared as a requirement for the listing and trading of securities in the separate Oregon company.
Along with the recent completion of the DTC share certificate audit and the appointment of Transfer Online, the Company is making good progress towards the execution of this spin off.
The Company has also been working with existing and potential business partners to create a separate profitable public company. Management are in negotiations with several groups to achieve this with the goal of increasing shareholder value. Announcements on specific business developments will be made at the appropriate time.
The Company anticipates changing the name of PayChest Oregon to reflect the direction of this business and distinguish it from its Arizona parent. A new website address has been secured in anticipation of this with the intention of changing the name after the spin off is completed.
About PayChest (Arizona)
PayChest, a global marketing company and developer of technology solutions and its strategic partner companies, market and distribute select products and services worldwide, which provide an increased public awareness to conserve and preserve the world's limited resources.
About the proposed dividend of subsidiary PayChest (Oregon)
PayChest Oregon is preparing to be spun off from its Arizona parent as a stock dividend.
Safe Harbor Statement
The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," "can" or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.
Contact Information
Contact:
PayChest, Inc.
ir@paychest.com
Tom Hands
604-628-1984
from overseas: +1-604-628-1984
PayChest Completes DTC Stock Certificate Audit
HONG KONG--(Marketwire - Jun 20, 2011) - PayChest, Inc. (PINKSHEETS: PYCT)
PayChest Inc. (the "Company") is pleased to announce it has received confirmation that it has completed a common stock certificate audit with the DTC (Depository Trust Company). The audit's purpose is to reconcile physical certificates issued by the Company and on the register of DTC and certificates on the Company's central register that are held by bona fide shareholders.
The audit and reconciliation identified certain PayChest certificates issued between 2005 and 2008 that were not accounted for correctly. The Company will increase the reported issued and outstanding shares to 22,374,345,625 (an increase of 124,014,285 or about 0.55%) upon the publication of the next financial statements (March 2011) planned for filing this week.
No new shares have been issued and the higher recorded share count following this audit reflects an improvement in accounting of shares already issued.
While this is the true share count of issued and outstanding shares of the Company, the number of shares in circulation may differ due to market maker activities independent from the Company. Market makers are third party entities that create a trading platform for the Company's shares to be traded. They post bids and/or offers for the Company's shares.
The DTC audit is an important tool for the new management team as it improves upon existing fiscal control and record-keeping in anticipation of the planned stock dividend/spin-off.
The completion of this audit allows the Company to be DTC eligible enabling the Company to move its Transfer Agent activity to a new service provider that is recognized and regulated by the Securities & Exchange Commission.
The Company plans to engage a new Transfer Agent, prior to the spin-off of the Oregon subsidiary, to ensure the stock dividend process is closely controlled while being expedited as quickly and accurately as possible.
About PayChest (Arizona)
PayChest, a global marketing company and developer of technology solutions and its strategic partner companies, market and distribute select products and services worldwide, which provide an increased public awareness to conserve and preserve the world's limited resources.
About the proposed dividend of subsidiary PayChest (Oregon)
PayChest and its strategic partner companies are developing integrated commerce processing solutions utilizing cutting edge technologies to deliver in store, online and mobile solutions globally. These include turnkey point of sale solutions, gift and loyalty portal systems, ACH electronic systems, online and mobile payment platforms and rewards-based platforms to integrate into an existing business system.
Safe Harbor Statement
The foregoing press release contains forward-looking statements. For this purpose any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "continue," "can" or comparable terminology are intended to identify forward-looking statements. These statements by their nature involve substantial risks and uncertainties and actual results may differ materially depending on a variety of factors.
Contact Information
Contact
PayChest, Inc.
ir@paychest.com
Tom Hands:
604-628-1984
from overseas:
+1-604-628-1984
PayChest: Share Buyback Continues
HONG KONG--(Marketwire - Dec 1, 2011) - PayChest, Inc. (PINKSHEETS: PYCT) (the "Company") is pleased to announce receipt of a further 100 million shares being retired under the recently announced share buyback program.
Further to the reduction in issued and outstanding shares as of November 23rd, the Company has purchased a further tranche of 100 million shares. The lower share count will be reflected over the next week on the company website, www.paychest.com, www.pinksheets.com, and through Transfer Online, the company's SEC-approved transfer agent.
Companies typically buy back shares to increase shareholder value.
The Company purchased this 100 million shares at the current market price and plans to purchase more shares in coming weeks. This purchase continues the buyback program that is planned to last 3 months. The duration is dependent on a number of variables including the share price.
Now that the Company has commercial production, the Company plans a Comprehensive Corporate Update in the next few weeks.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's filings with OTC Markets http://www.otcmarkets.com/stock/PYCT/financials.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
Historical news releases on the Company can be found at http://www.paychest.com/news.htm.
Contact Information
Contact:
PayChest, Inc.
ir@paychest.com
Tom Hands:
1-416-619-5242
from overseas: +1-416-619-5242
PayChest: First 100 Million Shares Retired in Buyback
HONG KONG--(Marketwire - Nov 18, 2011) - PayChest Inc. (PINKSHEETS: PYCT) (the "Company") is pleased to announce receipt of the first shares to be retired under the recently announced share buyback program.
The Company has purchased and retired a first tranche of 100 million shares. For administrative reasons, the share count will be reflected next week on the company website, www.paychest.com, www.pinksheets.com, and through Transfer Online, the company's SEC approved transfer agent.
Companies typically buy back shares to increase shareholder value.
The Company purchased these 100 million shares at the current market price and plans to purchase more shares in coming weeks. This purchase is the first step in a broader buyback program that is planned to last 3 months. The duration is dependent on a number of variables including the share price.
Following the recent announcement of commercial production the Company is now focusing on sales with initial emphasis on North America and Europe.
More details on the product can be found at www.paychest.com.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's filings with OTC Markets http://www.otcmarkets.com/stock/PYCT/financials.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
Historical news releases on the Company can be found at http://www.paychest.com/news.htm.
Contact Information
Contact:
Paychest, Inc. ir@paychest.com
Tom Hands:
1-416- 619-5242
from overseas: +1-416- 619-5242
PayChest: Share Buyback Begins
HONG KONG--(Marketwire - Nov 14, 2011) - Paychest, Inc. (PINKSHEETS: PYCT) (the "Company") is pleased to announce the early start of its share buyback program, as previously announced.
This action follows last week's announcement regarding the start of Flushaway® commercial production. Flushaway® is a uniquely flushable and biodegradable range of patented sanitary products, expected to be price competitive to industry majors.
As stated in the news release on September 15, 2011, the Company planned to buy back shares when circumstances permit. The start of commercial production and other business developments have created an opportunity to start the share buyback earlier than planned. Management are taking advantage of this opportunity as part of a broader plan to maximize shareholder value.
The share buyback program has already begun and updates to the share count will be published on the company website, on www.pinksheets.com and through Transfer Online, the company's recently appointed SEC approved transfer agent.
The Company is focusing its efforts on sales and will make an announcement when information is available.
More details on the product can be found at www.paychest.com.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's filings with OTC Markets http://www.otcmarkets.com/stock/PYCT/financials.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
Historical news releases on the Company can be found at http://www.paychest.com/news.htm.
Contact Information
Contact:
Paychest, Inc.
ir@paychest.com
Tom Hands:
1-416- 619-5242
from overseas: +1-416-619-5242
"turned out to be 100% false." Then why cannot the DTC clear the last 100,000,000 shares bought back by the company?
Tell the truth, it it were a scam the DTC would have shut it down during the Stock Audit of 2010.
And the DTC would not have assisted the company to come up with this "action plan" and approved their action plan. If the plan were not already approved the company would have not filed the paper work for the name & symbol change as IR said "A name & symbol change is part of the plan".
DTCC’s Office of Corporate and Regulatory Compliance monitors large deposits of microcap securities that are deposited into DTC. This is one way for the DTC to put a chill on.
Don't be silly, it it were a scam the DTC would have shut it down during the Stock Audit of 2010.
And the DTC would not have assisted the company to come up with this "action plan" and approved their action plan. If the plan were not already approved the company would have not filed the paper work for the name & symbol change as IR said "A name & symbol change is part of the plan".
GOOD LORD! how did the company know what this "one issue" is/was then? you are not getting it.
Why would they? we will see the PR about the name/symbol/cusip change shortly. Is the company supposed to tell us when they make every move? To think the plan was not already submitted and submitted and approved by the DTC at the time of the last press release is silly.
10.000 shares below .0001, YA THAT WILL DO THE TRICK to bait sellers, STUPID SHORTS MAKE THEMSELVES TOO OBVIOUS.
AHHHHH but how did the company know what to propose? this is silly, the company would never put all that in the PR unless they has a meeting with the DTC about what the "plan" should consist of.
adanac, Most of the "Short" was accumulated back in the MLON days, and then the company did a 200:1 FORWARD split. Think about it and do the math.
The short is somewhere between 70 and 90 billion, numbers do not lie.
By using the law of averages each shareholders can only own 3.6 million shares. I only know 3 shareholders that own less than 3 million. But I know 60 that own more than 40 million with the highest being 540 million.
Now if each shareholders owns an average of just 15 million that puts the short at about 68 billion.
NO FEES ARE PAID ON A NAKED SHORT, NAKED SHORTS ARE NOT REPORTED.
Oh really then why did the DTC propose a plan for the company and said they will lift the chill once the "action plan" is executed?
PROOF LIANI HOLDINGS CANNOT SELL NOR DID SELL ANY OF THEIR SHARES.
"As such, the group converted 545,000 shares of preferred stock at $0.0001 resulting in the issuance of 5,450,000,000 shares of common stock. Many of those shares cannot be deposited into the DTC clearing system for possible future sale."
http://www.marketwire.com/press-release/paychest-corporate-update-pinksheets-pyct-1806547.htm
I will look very good when PYCT is trading over .01
PYCT RECOMMENDED BUY @.0001 MARK THIS POST.
oh really? then why won't the DTC clear those last 100,000,000 shares? LOL
Saying there is no short on a pinksheet is like saying grass is not green it's pink. LOL too funny....."no short" ya right and I'm Elvis.
If any of that were true, the DTC would have sent a recommendation to the SEC when they did the 2nd Stock Audit in 2010. And now the DTC has proposed that the company executes this "action plan" and then the DTC will lift the chill.
Not until the execution date is announced and then the game is on. Until the TA sends the new shares to the retail brokers they will not know their deficit, so any large short covering will not happen until they know what they are getting from the TA.
The "plan" is already approved otherwise the company has already submitted the paperwork. They would not have done that if the plan was not approved.
We will see about that, the volume leading up to the execution date of the name/symbol/CUSIP change will tell the story. We will see who is right and who is wrong about the short very soon.
adanac, don't worry about it, all the paid short lacky's have submitted hundreds of complaints. The SEC knows who they work for and all they are doing is crying wolf.
Jerry, RETAIL BROKERS AND MARKET MAKERS WILL STILL BE ABLE TO BUY. You and I and the general public will not. If you can find a retail broker that does not hold paper on PYCT I am sure they will let you buy.
We will see in the near future who is right and who is wrong.
lemon, give me a break with all that. IR can say that in the future the company will do more spin off's. He just can't tell you the exact dates and what time...etc. He never disclosed anything about the spin off's
I also predict that the DTC & the company will pull the NOBO/OBO list the week after the execution date of the name/symbol/CUSIP change.