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Re: opportunitech post# 148379

Tuesday, 07/08/2014 6:48:58 PM

Tuesday, July 08, 2014 6:48:58 PM

Post# of 298910
Here is what what said if anyone is interested or hasn't seen it yet. Pretty rough stuff near the end. Quote from unknown source:


"The MJ-Pay app will enable retailers to accept electronic payments and to electronically transfer their revenue into bank accounts." MJ-Pay.com Please explain how this app is going to alleviate pressures from current federal banking regulation that is creating the underlying challenge of banks not being able to deposit capital from businesses that perform under state only legalization within this new market? Deposits of currency are deposits of currency, regardless of the transaction type. In the Feds eyes it comes from an illegal source which prevents banks from moving forward with accepting deposited funds derived from the marijuana industry. Doesn't an electronic transaction actually make it easier for agents to track? Does this comply with the Bank Secrecy Act? I don't believe this app will be available any time soon, if at all. Banks must be assured that federal punishment will not ensue. I see many flaws within MyeCheck and its subsidiaries' business model. Tim Sykes has called your bluff already; and from your current position as a low budget website only company, with no contact info, allowing investorshub to fabricate your partnerships with CHASE and BOA, continuous dilution of shares, not meeting a single deadline etc.; I tend to think that assumption is applicable here."
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