Paychest Inc (PYCT)

[mortalmyth]

Trum, you do have a way with words ...

... most real investors and all true business (credible) businessmen know that a company does not just shut down because they can't dump shares....now if your just a scam operation like pyct is...then it is very understandable that you have to stop issuing PRs and stop anything that costs extra $$$$$. ...

The DD below is from the DTCC and is quite interesting as it shows just how special Paychest really is. Not only are they in a class unto themselves by not having anyone step up and take the liability/risk to make a market in PYCT shares, but by getting the legally imposed DTC "Chill" bestowed upon them it looks like similar odds to that of winning the lottery. Take a look at the "Chill" statistics highlighted below.

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"When monitoring turns up potential trouble spots, DTC has a number of options. It can refer the activity to the relevant regulatory or law enforcement agency. Or, if DTC develops concerns about the eligibility status of newly issued shares of a security, or if there’s an indication of fraudulent activity, it can place compliance “chills,” or processing restrictions, on the issue in question. It can also deny DTC eligibility to companies applying for DTC membership and services.

In some circumstances, DTCC obtains additional information from the issuer regarding the underlying activity and may choose to not place any restrictions on the issue or remove or change an existing processing restriction. This is typically accomplished in concert with DTC participants’ involvement, depending on the specific facts and circumstances for that issue.

Mihal Nahari, DTCC’s chief compliance officer, noted that DTCC is careful to take action against microcaps only when there is a verifiable reason. In fact, DTC has placed chills on only 500 issues to date for compliance-related concerns, out of 3.6 million issues held at DTC. “Those 500 issues also represent less than 1% of the stocks worth under $1 in the depository,” Nahari said. ..."

http://www.dtcc.com/news/newsletters/dtcc/2011/dec/dtcc-takes-on-microcap-fraud.php

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Who would have guessed that Paychest would be one of the 500, out of 3.6 million held issues?

Have a good one.