MyECheck, Inc. (fka MYEC)

[plceo100]

Here is the summary:

Ed says the company didn't own the real estate because it was owned by the other GreenPay. Although the SEC filings say that MyECheck bought all assets from GreenPay.

Ed said he was an unpaid consultant. I guess that is the reason why all the tax statements were sent to an address in El Dorado Hills.

Apparently, company paid for the real estate. Since there were no loans to Greenpay on the balance sheet, the explanation will sink Ed.

Doesn't take a genius to figure it out.

SEC thing only had to do with company's non-compliance on SEC filings.

The SEC going after Ed will have nothing to with whether they are public now. Were they dealing with the public when the real estate transactions occurred is what the SEC cares about.