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Monday, July 15, 2013 10:50:08 AM
"As such, the group converted 545,000 shares of preferred stock at $0.0001 resulting in the issuance of 5,450,000,000 shares of common stock. Many of those shares cannot be deposited into the DTC clearing system for possible future sale."
http://www.marketwire.com/press-release/paychest-corporate-update-pinksheets-pyct-1806547.htm
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