Thanks bro!!....MYEC $$$$$ ......MYEC in a $35B Space!!! ... their REVENUE take on E-CHECKS could growing & be HUGE!!..... read all about it!!.....With a HOY of $1.00 we got MEGA BAGS in play here!! but what most don't know is that the CEO owns 90% of that large OS!!... & that is why it is running like it has a LOW OS!!.... The chart shows really no resistance till .006's!!!.... this could really RUN FOR DAYS!!... & if overdue news hits!!!.... Multiple PENNIES in play right here!! Still very cheap at .0014's X .0016's as this is WAY WAY OVERSOLD & WAY WAY UNDERVALUED!!..... LC
1) 3B E-check transactions last year, average of $150/transaction and 1% fees means $3.5T transacted x 1% = $35B market
2) Market fragmented among hundreds of E-check processors
3) MYEC owns patent to E-check clearing and boasts the fastest clearing of any other company due to it.
4) MYEC plans to license out it's "electronic check engine"
5) Average royalties are 7% in business, so 7% of $35B is roughly a $2.5B potential take for MYEC. Even if they can only license to 10%, that's still $250M in revenue for MYEC ($3.5M projected in 2013 PR so far)
6) Multi-Billion First Data says E Check is the rage