Paychest Inc (PYCT)

[lloydm]

I think what this PR is saying. PYCT production of product is behind schedule, and PYCT cannot continue to pay Cardiff the full amount promised for the use of the patent, until they're fully in production and generating revenue.

If this was a "scam" as some claims why would they not just fold the company and say hell with it all?

More pain more gain, and I am sure some has being suffers for a long time, but you'll will be rewards soon.

The reduction follows a renegotiation driven by PayChest having incurred cost and delay in implementing the Flushaway IP. New production processes and production technology required a much longer implementation period than was originally indicated and while the Licensor, Cardiff Bay Holdings, does not accept any liability they agreed to a reduction in costs to "facilitate (make easier) product commercialization (introducing a new product or production method into commerce—making it available on the market.)" of Mibella®.