Paychest Inc (PYCT)

[intimidator]

From THE DD SUPPORT AND FRAUD RESEARCH BOARD.
IF NOT, DOES ANYONE BELIEVE ANY SHAREHOLDER (BUT MAINLY THINKING "INSIDERS") WOULD SELL FOR LESS THAT .000075

Yes. Probably they got the stock for nothing. Or very, very little.

I haven't visited the PYCT board in a long time. I'm sure you know it was created as Mario Pino's scam Mellon Research. The real Mellon made him change the name; that was hilarious. The SEC should have taken it down back then, rather than simply reprimanding Pino for putting out mendacious PRs.

It's been a scam ever since. It has 28 billion shares outstanding. According to its most recent financial statement, that hasn't changed in several years. Obviously the DTC chill put the brakes on issuances of common. But now that the chill is lifted, what's to stop them from flooding the market with more stock? The rules ought to, of course, but a great many penny companies pay no attention to them.

I'd venture to guess that nobody holding the convertible preferred believes this company is for real, so they'll sell for whatever profit they can.

A good rule of thumb would be never to buy a company touched, much less created, by Mario Pino.