Questions from Facebook Investor Page - March 2015
Have there been any buyout offers?
MYEC has a lot of irons in the fire right now (zipmark lawsuit, multiple fraudulent shares lawsuits, uplist effort with the SEC, app business, backend app for sionic mobile, backend for businesses/banks/credit unions, check processing replacement/competitor to ACH, etc) what is the top priority to Ed and why? I want to understand his priorities.
Ed has often stated that the company is operating "cash flow positive" is this still the case. Has the company needed to draw down on the line of credit?
What are some companies that MYEC is already processing transactions for?
What are the plans going forward for the re-file of the Form 10? Will MyEcheck use this opportunity to attempt to upgrade to a higher exchange than OTCQB such as OTCQX?
How confident is Ed in recovering/cancelling the remaining fraudulent shares? This would also include the 900 million. Also, will these shares truly come off the O/S and float and will this be reflected so that shareholders can see proof of said reduction in the share structure?
When will MYEC move to a new TA that is not gagged and will the company be able to straighten out it's share structure anytime soon?
When will we be on a national television interview like Zipmark(Since they were interviewing them while they were using our technology)? Good Morning America
When are we going to start seeing Bragging type revenues(whatQ) and don't say very soon ?
Please explain the implementation of the business model. Will we remain in a planning and organizational mode more than an operational mode going forward? You have said that Seergate will take us from an early stage to an operational company, is this still true? If another merger is in store, maybe it's an advantage to remain in the early stage mode? It is likely that you can't answer this if it is true because of shorts, flippers, and competitors. I am asking the question because this is at the core of why I invested and what I believe to be your vision. Revealing your plans is the most desired outcome here but if you can't be specific then giving your vision is helpful. Comments (without names) by payment executives your communicating with would give us a glimpse of the power house most of us beleive is in the making.
Are there any plans to expand MyEcheck geographically, such as sales reps and technical support in other satellite offices in the United States?
About a year and a half ago in an investor Q+A, you said that the long term goal of myecheck is to integrate our technology in the core processors of banks. Is that still the case and realistic? If so, are we making progress toward that goal. If that is no longer the case, what is the main long term realizable target?
What if any connection does Ed have with Sierra Global now and in the past?
What is the time table for app release?
What progress have they had with landing Ariba account?
Is Ed up to date with any and all taxes (or his business) in the state of California? If not, how does he intend to pay them (IE payroll taxes Etc...) Also what is the reason behind the denied status on BidSync?? When will this finally be rectified? Because of the denied status, is Ed allowed to conduct business in the state of California? Lastly Ed Pr'd long ago regarding government contracts in the state, how is this coming along, and is the denial status holding this up?
How much cash on hand does myecheck currently have?
Are any clients online? I thought we were signing a new client ever other day? Are we just done pr'ing clients now or are there actually no new clients
If MyEcheck wins the lawsuit against zipmark will they sue other companies infringing on their patent mainly CheckAlt.
When are clients going live, and what companies are already live?
Are you targeting large retail clients in anticipation of the 2015 holiday season? Do you have a goal for number of retail clients before Black Friday/Cyber Monday 2015?
Why was form 10 pulled, the rule Ed speaks of is not a new rule!
Also How about all the clients PR's over the past months to a year, IE dollar days, Filter Club, and so on, when do they go live? Are we still doing business with all of the companies PR'd??
If Ed was to fix the BidSync issue, We could bid on tons of Cali government run agencies, Ie RMV, Excise tax collection, Prop Tax etc...Cali is a huge state! Not sure why we are not making this one of the priorities. people would use his product as it is convenient and does not incur debt like a credit card. Can you imagine a PR stating MyEcheck is now the payment option for such things?? Huge...The opportunity is staring him right in the face. I mean the government seemingly likes the tech and looks to be heading in that direction. I for one would like to know what is holding us back from making progress in this arena. I mean if this was straightened out and we won some of these bids, game over!
Has MyEcheck integrated with Seergate technology in their current apps and when wilk they be released?
Is the company still considering the spin-off of Greenpay?
