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Alias Born | 05/07/2008 |
Monday, November 30, 2009 3:05:39 PM
So in 2008 PYCT gave CES a note payable (within 4 years - 18 months already gone) to CES for $5,000,000 Since PYCT has no revenues - how are they going to pay off the note to CES? The note is essentially worthless. Just because PYCT issued a $5 million note doesnt mean its worth anything. I could issue an IOU to someone for $1 billion - doesnt mean the holder of the IOU would ever see $1 billion.
Carbon Credits? LOL! Thats a good scam for PYCT and the DOM to get into next.
Proven business strategy? Since PYCT is a Dominion of Melchizedek scam, there isnt a business strategy (thats legal) that could pay CES the $5,000,000 it is owed. That doesnt include the 5% royalties they would have to pay CES on top of the $5,000,000.
This scam cant even produce fake unaudited financials on time. Not one financial for 2009 has been released. They promised 1Q 2009 by May 2009 - but that was 6 month ago and it still hasnt materialized. Testing was supposed to be complete (AGAIN) a month ago. Again nothing.
All they did was set up a new "virtual office" which they didnt even issue a PR.
In the end the NO BID, .0001 share price and miniscule volume tells the real story of PYCT.
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