Paychest Inc (PYCT)

[PRmaniac]

dcjr - they do have to defend against the HUGE lawsuit

if they don't the court may enter a default judgment against the company.

Why would anyone believe IR? Didn't IR claim there would be a dividend? Did they find out they may have to actually REGISTER shares to do this? Is this why the delay appears to be permanent?


Excerpt from 2008 press release from the company....


PayChest, Inc. Corporate Update
Thu Sep 18, 2008 6:47pm EDT

VANCOUVER, BC, Sep 18 (MARKET WIRE) --
PayChest, Inc. (Arizona) (PINKSHEETS: PYCT). Due to the recent changes in
securities legislation, the company has had a small delay in issuing its
most recent dividend to shareholders. The dividend is intended to be free
trading stock rather than the usual restricted dividend (cannot be sold
for at least a year or more), and that is reason for the delay. We feel
that the small delay is in the shareholders' best interest. We do
anticipate announcing an ex-dividend date within the next few weeks.