Replies to post #110611 on Paychest Inc (PYCT)

[intimidator]

From the dd support and fraud research board.
IF NOT, DOES ANYONE BELIEVE ANY SHAREHOLDER (BUT MAINLY THINKING "INSIDERS") WOULD SELL FOR LESS THAT .000075

Yes. Probably they got the stock for nothing. Or very, very little.

I haven't visited the PYCT board in a long time. I'm sure you know it was created as Mario Pino's scam Mellon Research. The real Mellon made him change the name; that was hilarious. The SEC should have taken it down back then, rather than simply reprimanding Pino for putting out mendacious PRs.

It's been a scam ever since. It has 28 billion shares outstanding. According to its most recent financial statement, that hasn't changed in several years. Obviously the DTC chill put the brakes on issuances of common. But now that the chill is lifted, what's to stop them from flooding the market with more stock? The rules ought to, of course, but a great many penny companies pay no attention to them.

I'd venture to guess that nobody holding the convertible preferred believes this company is for real, so they'll sell for whatever profit they can.

A good rule of thumb would be never to buy a company touched, much less created, by Mario Pino.

[Trum]

Correcting adanacs numbers again....
adanac is trying to spin this scam off as being massively shorted ...and offers zero proof of such. It is a fun and entertaining story at best... but in the investment world we all know that;
--- if there were such a short this stock play would have so many buyers...yet here we sit with none.
---If there were such a short then we would of see a massive run on our Billion + trading volume day this year...we only saw more dumping off of shares
---If there were such a short we would see FTDs registered for this scam stock ....and there are none... a fact that pains anyone trying to tell the shorty story. Sorry but you can't have shorts and not have FTDs.

So, here is where adanac is off on his figuring:

He/she claims that selling at UNDER .0001 makes no sense. Keep in mind that penny scams love trying to fool investors into believing it...and here is where adanac is flat out wrong once again.

A penny scam like pyct can issue shares out to its insiders at any price point. It really does not matter if it is .01, .001 or .0001 or even UNDER .0001 as adanc admits to. When pyct does this they are basically issuing shares for debt and they assign a price point to that debt. they then dump into the hyping for anything they can get (the more desperate ones dump at UNDER .0001) They are essentially printing money when they dump shares off.
To make it simple for some to understand, say that you start a company and issue 1000 shares at a dollar a share to yourself(an insider for debt ...lol or note payable...lol). you then dump out those shares and pay yourself the $1000 you owed for the shares that were issued to you...easy money eh??? Lets say it is getting pretty tough to sell at .0001...no biggie, just issue yourself shares at UNDER .0001 again like adanac points out even though he leaves out other pyct times where they did this..but we all get his/her point that selling at UNDER .0001 is profitable.

don't let those who clearly don't know how the penny scam game is play try to fool you... these con artists are always out to make themselves look and feel legit...but they are exposed by the DTC Chills and their greedy dumping actions. oh and the fact they only have an empty shell company

penny scams rely on false hyping to help them... the easy thing is finding the consistent false hypes like "product being sold" when it is not...or claims of a super secret mystery manufacturing plant are uncovered..... it is not... otherwise claims like those would have proof to back them up...and for years and years they have failed.

This is pretty much pyct in a nut-shell....an empty stock dumping shell with inept management.