Paychest Inc (PYCT)

[poopscooper]

You see lemon the 5M is still in the books for the right to use the patent...lol a patent that has expired!!
lol so before you and other oldtimers by more 0001 dream paper do some DD on this.
Seems like pyct is targeting oldtimers


During the 4th quarter of 2008, much of the groundwork was laid for these financial instruments as PayChest and Consolidated Ecoprogress have worked jointly towards this end. The $5,000,000 note payable to Consolidated Ecoprogress is classified as long term payable, to be paid over a 4 year period. It is anticipated that the repayment will be out of cash flow in the 4 year period and from the sales of sub-licences for territories. No payments have been made to date as payments will begin in the latter half of 2009 and will scale upward in 2010 and 2011.