MyECheck, Inc. (fka MYEC)

[Pale Whale]

For those concerned with R/S please read this.

I take Ed at his word from the original Q&A from last year when he said NO to R/S questions.

If we experience accelerated revenue growth any concern over Reverse Split will go away.

Here is a hypothetical scenario that proves this point.

We are targeting the ACH system that processes $44T a year. If we end up taking over just %1 of that we will be processing $440B annually. I don't recall getting any confirmation of what our processing fee is but i seem to recall hearing/reading %1 fee somewhere. 1% of $440B is $4.4B in revenues for one year. $4.4 BILLION in revs in ONE year leaving 99% of the market untouched!

Now what does that translate in share price? $4.4B divided by O/S of 3.9B (not the count that i personally agree with but that is for another discussion) and you get earnings of $1.12 per share. Take that $1.12 and multiply it by the P/E ratio. Here are some industry P/E averages and what you end up with for share price.

Computer Based Systems P/E 6.6 = $7.39/ share

Processing Systems & Products 28 = $31.36/ share

Application Software 39.4 = $44.12/ sharee

Even at the lower P/E ratio it puts us at a price that will meet the requirements for listing on NASDAQ.