Paychest Inc (PYCT)

[poopscooper]

lol...the clowns have been talking promising name change since 2008
They have managed to do absolutely squat/zero since 2008
squat and a big zero in every possible department except the IR dept which got a steady 4Billion a year average buying volume of pigeons.
any idea what IR cost pyct to pull of that clownjob?



http://investorshub.advfn.com/boards/read_msg.aspx?message_id=121214998


First, shareholders of PayChest Inc. will receive shares in a new publicly traded company while continuing to hold onto their PayChest Inc. shares. That gives shareholders significant upside in two public entities. Each company will have separate management and a separate stock symbol. The new public entity can raise its own capital to further that business model without diluting or affecting the present PayChest Inc. shareholders. Those assets presently sit in a subsidiary, PayChest (Oregon). Due to changes in securities law, the company has had to change the way the dividend was to be spun out as a free trading dividend. The dividend process has taken far longer than anticipated and steps are being made to expedite the process. This remains a priority for the Company.