Paychest Inc (PYCT)

[Anvil]

What you are missing is:

With exception of the last quarter, the company had losses, but there was never any cash recieved or paid out, all they do increase account payables, in essence accruing the expenses. Look at the past couple of quarterlies, the amount of loss is identical to increase in payables.

This quarter loss was all paper. PYCT had a bunch of crap listed as assets and liabilities that was invalid. So they wrote it off, no cash costs.

The last time, the accounts payable went down, was when they issued the 5 billion shares as partial repayment of the payables, ending them back into the DTC penalty box.

JMO, but some individual(s) are paying what little expenses PYCT has (OTC Market fees, PR's), because there has not been a cash infushion directly to company in many years.