MyECheck, Inc. (fka MYEC)

[Pass the Salt]

I'm looking forward to more pertinent facts from MYEC over the next 30 days and some level of real-time guidance.

Originally the company was going for more of an open-source type of system.

Seergate is a closed-loop approach which actually makes huge sense since we are not trying to reinvent ACH like virtually everyone else. The existing system can be reformed but has fundamental structural flaws. It's clear that Ed wants to work with essentially a brand new system with its own gleaming new rails.

To me, Seergate represents a closed-loop system that is going to offer MYEC and its clients some real certainty and great capabilities in a rapidy changing landscape.

It's very clear (not conjecture) that the fed would like to see the MYEC-type approach adopted sooner than later. For this reason, I believe MYEC will capture real market share. The question is not if but how much and how successfully IMO.

With MYEC fully integrated with Seergate the 'Death Starrs' should be fully operational. I believe that to now--the company has been partially operational.

Those that believe MYEC to be an ordinary or mediocre player may be greatly underestimating the ability to gain market share rapidly. We're only one household name partnership away from HUGE exposure. MYEC is a PPS ticking time bomb...

IMO the Innovation Award is the forward-looking recognition from the greater industry that MYEC has a tremendous potential to not only find a niche but a market share in the new payment landscape IME.

Let's face it many of traditional financial institutions tend to lose sight of value and innovation over time and get overly comfortable.