I must apologize for jumping on the "news" folks. I was in a frisky smart ass mood earlier.
I don't claim to be smart and know everything. But I didn't make it 10 years as an LEO by not being able to spot bullsh*t or see what's in front of me. So I've done my detective work here and I will explain why I'm ok with the current pps and why some folks should relax.
Start with some facts:
MYEC launched and IPO'd in 2008 and traded in the $30-150 range for a few months, on the Nasdaq.
MYEC holds the patent for fully electronic check processing.
During that time MYEC was posting 300% gains for a couple of quarters until the financial collapse finally took MYEC out with the banks they were using.
Also during that time MYEC was routinely filing 8-K's and 10-Q's.
Since the restart a few months ago MYEC has made over a million $$ in net income per the financial report.
Since that annual report MYEC has signed new contracts, which will or already are generating revenue.
MYEC has hired auditors to audit their financials. I imagine if this weren't true the auditing company would come out and say we're not involved with this scam. The same goes with the new contract signings.
Other relevant information:
MYEC added senior management and board of directors.
MYEC will be putting out Q-1 financial report. Based on past trends, should be approximately a 300% increase over the prior quarter.
Around the same time Ed announced software version 3.0 and mj payment, mydcoin.com went online, though obviously nothing is yet published on it. I believe mydcoin.com will go live in May, possibly May 1st.
MJ-pay is launching in a few days.
P2p apps are out in May.
Merchant apps follow soon after.
MYEC is registered with Bidsync, which has 1,600 bids out for financial/management. How many are for payments is anyone's guess.
I could probably spend the next hour writing here but you should get the message by now. And this is why I'm not worried about not getting news and will happily buy more shares in the meantime while I can afford it.
If you're still not sold on MYEC then I gotta ask why? Why are you so worried about the day to day pps. 6 months from now the pps will be where it should be regardless of if the pps is at .08 or .02 today.
If you're worried about Ed's intentions, again why? Do you truly believe he'll work this up to sell and make a few measly millions, when with some work he can become one of the wealthiest people in the country?
I'm confident MYEC will be trading dollars in the future.
