Paychest Inc (PYCT)

[adanac]

Here is a repeat of your explanation of "back print" (post 101703)
THANKS

"Back printing occurs when a large holder goes direct to trader. The seller tells the trader to sell at $.0001, which he does. The trader is selling short and once done, goes to seller and buys the shares the trader sold short at $.0001 less commission or -$.0001. The volume is double counted and the last leg shows as a sell at the bid.

I just came across this technique, don't ask me how, but it does happen all the time.

Now as it relates to PYCT, it could be part of the answer of how trades go off under $.0001.

Not saying this fully explains it, as I have been in a trip zip and got shares at $.00008, when I was bidding $.0001. "


BUT THE 710Ks WERE NOT THE TRADES WHICH WENT OFF UNDER .0001
AND THE OTC REPORT COUNTED ALL 3 MONIES

PYCT 0.0001 0.00 205 2,136,696 6

The total shares traded was 2,136,696
There were 6 trades
and the value (in dollars) was $205.00

When you add the 4 trades that went off at .0001
you get $205.00

SEPT 16 09:47:00 Q -.0001 65,500
SEPT 16 10:02:54 Q .0001 500,100
SEPT 16 10:02:54 Q .0001 210,500
SEPT 16 10:03:53 Q -.0001 19,996
SEPT 16 10:16:10 Q .0001 710,600
SEPT 16 11:00:32 Q .0001 630,000