Paychest Inc (PYCT)

[lloydm]

Agreed the optics does not look good, and they should do something about that.

But what puzzles me the most is the financials. based on a stock sale of .0001 and using the numbers Adanac provides, it just does not compute. They're losing more money than making, so I say why continue?

I highlighted the years where the loss is created than the stock sale. Am I missing something?

Stock Sale proceeds
2015 TRADING YTD========$209,808.00 (loss over 2 million)
2014 TRADING TOTAL======$468,073.00 (loss 363,656)
2013 TRADING TOTAL=======$45,308.00 (loss 254,633)
2012 TRADING TOTAL======$249,420.00 (loss 292,240)
2011 TRADING TOTAL======$578,102.00 (loss 505,276)
2010 TRADING TOTAL======$433,297.00 (loss 756,857)
2009 TRADING TOTAL====$6,892,355.00 (loss 210,865)

Below is a chart showing the federal net operating losses and the years in which they will expire:
Year Expiration Amount

2009 2029 210,865
2010 2030 756,857
2011 2031 505,276
2012 2032 292,240
2013 2033 254,663
2014 2034 363,659
2015 2035 2,317,318
Total NOL 53,874,244

81,450,367,410 + 2015 === 83,548,953,282 (as of 26/09)
Stock Sale proceeds = $8,354,895.00
Total Losses = $53,874,244.00

Why continue down this path?

http://www.otcmarkets.com/financialReportViewer?symbol=PYCT&id=145075