MyECheck, Inc. (fka MYEC)

[inzane]

LAWSUIT INFO

The "lawsuit" that keeps being referenced is a motion for settlement enforcement. Do you know why "Tangiers" filed this motion? They were in "agreement"; which is what a settlement is, but Tangiers was trying to BEAT THE SYSTEM by utilizing a loop hole. They were OK with receiving 7.6 million shares from MyECheck, but they didn't want to wait the one year since those shares would have been restricted. So, what they did, was file a motion that would force Ed Starrs to transfer his OWN shares to Tangiers under the "guise" of removing the 1 year restriction on those 7.6 million shares.

But, IN FACT, this was actually a HOSTILE TAKEOVER ATTEMPT! Based on the share structure at the time of this settlement, that would have given Tangiers controlling interest in MyECheck. And, you think ED STARRS is the crook? Anyone who says such a thing should feel ashamed. There are HUNDREDS of scam stocks out there...this isn't one of them!

Oh, and if you don't believe me then re-read what Ed Starrs said:

3) Why are there almost 5 billion shares authorized and 3.6 billion issued and outstanding, this seems like a lot of shares compared to other companies, does it pose any unique problems and is the Company considering restructuring its equity, would management retire their shares?

A) The current equity structure is the result of re-organizing the Company that enabled management to regain control of the Company and restart liquidity in the public market, and that process is still going on. The equity structure has served an important purpose for the Company and has proven to be the right structure during the past year. Currently there is no need, therefore no plan to restructure the Company equity. A reverse split at this time, for example, would cost shareholder value we believe and would give shareholders fewer shares at an inequitable value. We are however open to restructuring if and when we believe there is a viable reason to do so. It is very likely that equity restructuring will be considered in 2014. The idea that management would give away their ownership positions is unrealistic.

That's right, ED USED THE PHRASE "REGAIN CONTROL OF THE COMPANY". Why would he say that if his company wasn't under attack?

DO YOUR HOMEWORK!!!