Paychest Inc (PYCT)

[adanac]

I like this clarification, hope everyone understands it.

" February 1st, 2010 the Company issued a Convertible Note for $600,000 to Rich Capital International Enterprise Ltd of Hong Kong for services. The Note attracts 5% simple interest commencing September 1st 2010. Payments for interest and principal commence only when Company revenues reach $3,000,000. On or after September 1, 2012 the recipient can convert payments due into common shares at 75% of the market price at that time. In September 2015 the Company announced the removal of the convertible debt for $600,000 from its accounts as this debt was ostensibly assigned via a third party to Lawson Pillay, the prior President. The Company believes the purported debt to be fictitious, non- legitimate debt, without consideration and unenforceable.

One would then ask themselves,
"WHERE ARE ALL THE SHARES COMING FROM TO "SELL"????

84,145,131,442 (as of MAR 31)----16.101 BILLION SINCE 01/01/11