No apps and no PRs are expected until 3rd week of April. Its quiet period mandated by SEC and you have to honor it. Also its a good time for MYEC to review the goals and time lines and prepare to launch the apps and other stuff after the Form10 is approved. Who knows they might have been ready to release the app. One thing for sure is that the technology is sure looks to be a very damaging one to ACH. If that is all LIVE there might be a new era started in Payments industry. I am not saying that i know this but at least it looks to me like that. We will have to wait and see. And who knows, Banks are afraid of loosing ACH if they quickly integrate it. So, they might be throwing the regulations at them to hold it. But if this is real killer of ACH, then they know that it can not be stopped forever. For me to confidently believe this technology is supported by the recent Award which is in the eyes of every other company. There may be couple of hundred payment companies around but MYEC is not after them, MYEC's technology is after the ACH itself. So, there is no question about the competition that is biting MYEC due to its delays. If delays are killing it, there would have been no other mobile payment company surviving after paypal considering it as a monster in this industry. But still so many small companies technologies are emerging every other day.
coming to App, i believe MYEC is not cash rich at the moment to recruit more people to release the app quickly. It may be possible that he wanted to achieve it with the limited resources and the already developed seergate app. Ed is not an idiot to hold the release or Ed is not the only guy working in that company and doing everything. There are reasons why there are delays and there are ways and days to release the things quickly. So, why to push him and get a product that may lack some critical skills for it to be successful. Coming to the stocks, his idea of granting stocks to pay the notes and creditors is worth trying at this moment because its not really a bad idea to pay it this way rather than buying more loans. Form 10 approval may be the key for everything to set itself as an established organization for it to aquire loans at cheaper prices, attract big customers, bring a confidence in the industry because most organizations will look for this registration to believe that it is following standards.
Its all my opinion and my confidence although i am under water at this moment. I feel worth to wait few more weeks.
AI
