Home > Boards > US OTC > Internet - Online Services > Paychest Inc (PYCT)

LOL! Naked short sellers? They are fiction

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Dominion Melchizedek Member Profile
Followed By 5
Posts 5,523
Boards Moderated 0
Alias Born 05/07/08
160x600 placeholder
Dominion Melchizedek   Friday, 01/10/14 10:17:20 AM
Re: hop post# 104249
Post # of 119614 
LOL! Naked short sellers? They are fiction created by those running the scam and their promoters on various penny stock boards/sites to give those they conned a reason to continue hoping this scam will one day get a .0002 bid so they can escape from the PYCT Flying Dutchman stock scam or better yet be conned into buying more commons if the CHILL is ever lifted - 2 years chill continues with no signs it will be lifted any time soon, if ever.

Most have seen thru the smoke and mirrors and see PYCT for what it is - past its expiration date SCAM that made money selling convertible preferred shares for cash, most of which THEY pocketed, to toxic financiers like John Banks who in turn converted preferreds to commons and dumped em as fast as they could for cash - handing the shares to their victims and taking their money.

What are the key features of this scam?
$0 Cash
$0 Revenues
$0 Sales
$0 real assets
No product produced
No product for sale and no financing to do it
No offices
No phones
1-2 IR shills to get their victims to buy MORE commons and lure in new victims.
Invisible XINPRO manufacturing plant
Dormant distributor - David Shaw - in UK
Invisible CEO and management
2 year long chill
Failed promise of spinoff/divy (2nd time around with that farce)
Nearly 28 BILLION OS and 29 BILLION AS - and Preferreds that could add up to another 50 BILLION commons if entirely converted.
Joke Shareholder meeting where 1 person allegedly showed up.
Failed eco pad product that went bust under CES in 2006-7 - eventually CES was delisted completely.

Who would buy a dead shell like PYCT with 28 BILLION with AS of 29 BILLION commons??? Not many.

Its me. Any questions?
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
Current Price
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences