Paychest Inc (PYCT)

[MFridge]

Perhaps someone can it explain it better than I? ... Paychest web site was bought by those Hong Kong folks because records showed Paychest had many, many shareholders. CES contacted Pillay, the CEO of this web site


For starters, the website doesn't have a CEO or shareholders-the company does. PYCT is the company that is supposedly trying to get contracts etc.therefore they would be looked at as any retailer would want to know who they're doing business with.

The track record of that company and its product are important so that they can be assured that agreements will be fulfilled etc. The company needs to prove that they're worthy of doing business with.

Perhaps they will.