MyECheck, Inc. (fka MYEC)

[mave_rick]

The Only Significant Player in this Equation is Bank Of Kentucky



I checked the BOK and I see No Insiders Buys in 2013 . I see 3 Insignificant sells .

http://www.gurufocus.com/InsiderBuy.php?symbol1=bkyf&Submit=Go

The Stock did have a decent run up as I had reported on an earlier post ...from june end to recent about 11% ...$26ish to 29ish making new 52 Week Highs

They did declare an Initial Dividend that goes ex tomorrow I think


So My thoughts are that before any of these announcements MYEC's revenues were dormant...so the only thing of significance that changed to really start this ball rolling was the BANK OF KENTUCKY Relationship.

In other words they are the Only BIG Player here as far as MYEC is concerned. So You Have Ed Starrs on one side the Biggie In MYEC ...In other words HE is the Head hancho decision maker in MYEC and Owner of 3 Billion MYEC Shares and then You Have BOK which from Starrs perspective has to be the Opportunity , the Opening he has been looking for to bring MYEC out of the Doldrums it fell into the last several years Back into the Limelight and back into some Significance.

They Both Apparently Need each other. Now I am not calling the BOK a "Shark" But compared to Ed Starrs the Inventor and CEO of MYEC, they are Goliath and he is David, Correct? This reminded me of the TV Show "Shark Tank" and thats why I mentioned the word Shark at all:):)

So what I am trying to say is that this was all and I mean ALL Probably Talked over Thoroughly, Discussed completely, Strategized and so on before even the First Announcement of CEO Starrs taking over 3 Billion shares of MYEC and then the Systematic PR's announcing the BOK relationship and the Intro of the Licensing Model. This was all like a Done deal before the First PR in April. Remember there was nothing Happening before that PR to speak of in MYEC. By done deal i mean its something between BOK and MYEC and not that its necessarily a buyout. But whatever it is , it will be good for shareholders and Myec:)

My Point is that there is almost Zero doubt that all signs are pointing out to something thats going to happen between Ed starrs ( MYEC ) and BOK. The Extremely HIGH Volume days one after another from july 3, 5 , 8, 9th..the Price Breakouts ....the Absorption of all shares inspite of Probably heavy flipper and trader selling yesterday and today...

So It seems quite certain that something is definitely up. What that is No One knows. Its Between BOK and Starrs (MYEC) that seems highly Probable. But what the Further Expansion/nature of tha relationship is, we dont know. It doesnt have to be a buyout. They ( MYEC and BOK ) can have a variety of Options or strategies that serve the best interest of both companies.

Why would BOK want MYEC a dormant revenue struggling company? Its Ed Starrs the CEO and Owner of the Patent, The Patent Value, The Value of the Patented Technology, The Revenue Streams Potentially Possible from the Patented technology and the patent and the Licensing Model which I believe was most likely an agreement between Ed starrs and the Bank in the Negotiation process s they both hammered out a future direction and strategy perhaps to Potentially maximize the Synergies between the two.

Why would Ed Starrs want BOK? thats self explanatory. He becomes the Rock star that takes MYEC out of almost Nothing to a Lot of Something in every way. He also may continue to be retained by BOK in some strategic alliance between the two.

So One thing we do know is that whatever ed starrs is upto and may have agreed upon with BOK, Its going to be amazingly great for the MYEC shareholders. The Volume again and the Price breakouts these last few days all point out to the Possibility of some sort of strategic alliance between these two players.

So if it is , then GREAT for MYEC shareholders

But what if we are all just reading too much into the BOK relationship? Well I feel even if that is the case and all Ed Starrs is doing is Building VALUE for MYEC and its Shareholders, then he will end up announcing other banking relationships and licensing agreement relationships and he will continue to massively Increase MYEC value by Increasing the MYEC revenue Streams. This is Great for MYEC shareholders as well

Bottom Line is this is a win win relationship for MYEC IMO and that Makes MYEC a Strong BUY at these levels

All IMO

Good Luck Friends;):)

I am not selling a single share:):)