Good afternoon members. In addition to the name change to Paychest, Inc, it appears all shareholders of record of MLON as of the close today will also receive (1) share of XMET for each share of MLON they have.
The reported 'pay date' is 2/11. There is not enough information to determine if the stock will be restricted and there is also little information on XMET, whether it will begin trading, and at what price range. XMET is certainly the concept of Mario Pino, and I have no reason to believe that XMET will have a CEO other than Mario Pino. With that being said - it is free stock - so whomever runs the company, if it ever organizes, seems a moot point.
I've gotten a lot of questions on the name change. As I read the daily list information, the symbol of MLON will change to PYCT effective tomorrow. I believe today is the last day we'll see 'MLON' in our account, and I've got to believe that in and of itself will really start to propel Paychest to a lot more credibility.
I own 1.4M shares of PYCT (and presumably XMET) @ .000225 average, and have not been compensated by any MLON/PYCT/XMET or related party to provide coverage of their respective stocks.
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