If MyECheck would have followed the law in 2014, the 66,666,666 which the court ordered to be issued would have been expensed at over $1,000,000. Therefore, the retained loss is wrong on the Q2, Q3 and Q4 in 2014 and the K and wrong in Q1, Q2, Q3 and Q4 in 2015 and the K. Therefore, all need to be restated.
Once they are all restated, the SEC will begin to ask direct questions and not investigate which will take a year or 2. The proper accounting would be to expense when the stock was legally issued and not when the court essentially told Fast Eddie that you were wrong.
Seems like every court in America has ruled against Fast Eddie
