I'm really impressed by his linkedin credentials he's a godsend for this company. Yeah he never got Seergate off the ground (thank goodness!!) but its really a situation whereas the sum of two parts is greater than the individual parts. Plus Jim is able to bring in valuable human capital because of his background. MYEC was trying to build something from the ground up which requires a lot of time and money when hiring people off the street.
I believe, MYEC should spin greenpay off into a separate entity (already are i think) with a reasonable share structure in which they own 100%. Then raise capital using the new crowd funding rules about to go into effect. Have greenpay try to raise $30M then channel about $15M back to myecheck using tier 2 strategy. Myecheck can use the capital for growth.....Give current investors in myecheck the first opportunity to buy shares in the entity or something like that.
"Tier 2, which would consist of securities offerings of up to $50 million in a 12-month period, with not more than $15 million in offers by selling security-holders that are affiliates of the issue" http://www.sec.gov/news/pressrelease/2015-49.html#.VRaTZFy4m-o
The organic growth story is bull$hit (very difficult)...Bottomline its going to require money to get things done......Jim Fancher is the kind of guy that can make all this really happen.
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