Payment Data Systems Inc (PYDS)

[paymentsrule]

The annual shareholders meeting was great. All the new men from the Akimbo acquisition were there along with Michael Long, the auditors and a few other long term shareholders like myself. Michael Long went over the powerpoint which he said would be online shortly. He spoke about the terrific reveue numbers and transactions processed for 2014 and for this year which are outlined in the powerpoint slides. He reiterated how knowledgeable Houston Frost was and how the new Akimbo team has given PYDS a fresh and innovative vision. Houston Frost spoke about the Prepaid card division and the new Stream product and Apple Pay which are connected to Akimbo. He talked about these exciting innovations which should be running by the end of the year. The CFO Mr. Yunus spoke about the great financial numbers (which are on the powerpoint). We are debt free and have about 2.8 million in net cash on hand. I will also review the notes I took and post more after I return home tomorrow. About 20 men in suits and 2 ladies attended the meeting who were employees of PYDS and Ficentive. Michael Long and the Board were voting on either a 12 to 1 or 15 to 1 R/S directly after the meeting. He said the only requirement left was the RS which was going to be done so we could maintain a share price of $3 or higher. It would probably take 3-5 weeks before we get on the NASDAQ but it was getting done. Mr. Habib said someone from the Nasdaq approached PYDS and they felt that it would offer us greater liquidity and value than the NYSE. If anyone has any other questions, I'll do my best to answer, but review the PowerPoint first.