How is any of that good news in your opinion?
1. Basically he just informed everybody, that although they won a patent infringement case against Zipmark, they have yet to collect any royalties from them and probably never will, apart from the fact that they have no money to for another court battle to enforce said royalties.
2. Simplifie isn't reporting to him or sending him data on their usage (... very strange!)
3. He hasn't held an AGM in the last two years (he keeps post-postponing them in due of the company working on a large project), he would like to hold one this year but doesn't have the money. So the prospects of one are low (besides the fact I don't think he wants to face the ire of his shareholders face-to-face, having them do it in on facebook, emails and message board is more than enough for the poor man).
4. They're behind on their bills, something we all sort of knew but now we have confirmation!
5. They renewed the U.S. patent paid for the fees and they're waiting for record update. We have no way to verify this INDEPENDENTLY so we have to take his word for it (I'll let you be the judge of that), and he doesn't have the funds for an international patent. oh boy!
6. They have TWO banks. Translation, they have one bank who they just RECENTLY became operational with and that bank is in a sense beta-testing their app before mass market push, the second bank will likely take months to develop into operations like the first bank. I'll give the benefit of the doubt and say it'll take 2/5 of the time it took to get the app running for the 2nd bank since they already have most of the programming down (if we're lucky the 2nd bank can become operational with MEC before 2017 is over... don't hold your breath!)
7. MEC/MyECheck is the future and their patent can save the human race, yet the U.S. ACH system cockblocks them and the international system is fertile ground for making money, BUT IT'S A LONGSHOT!
8. PacNet left them, because of his bad reputation?
9. Nobody wants to buy GreenPay, they want it to work but they need a bank for it. Waste of an LLC.
10. Conflicting reply on O/S share structure, says he won't do a R/S/, yet other signs point it maybe the only option to get to +$0.01 to uplist.
11. We have not lost any asset... i.e. we never had an asset per say, except the patent and myself as CEO (oh, and the real-estate squabble which I am trying to sort out)
12. We're still in debt, but plan to get out of it... eventually.
13. We've wasted the last 3 years in court-battles, real-estate squabbles and getting into debt. Our $0.08 run was due to the MJ run.
14. Congratulations, you've invested in a penny stock.
