Replies to post #115254 on Paychest Inc (PYCT)

[Trum]

Yeah..it is penny land... lots of folks will cut their teeth on playing penny scams like pyct. What attracted me to this scam years ago was the volume and the tactics they took.... made it possible to flip this garbage on three occasions..buying at .0001 and selling millions off at .0002. Was fun while it lasted...eating the jokers lunches when I was not invited LOL. but now that just is not the way they play.... they make dumb moves and weak PRs....they are content with UNDER .0001


Keep an eye on that Daily Dumping report...good stuff and funny too.

[Anvil]

What you are missing is:

With exception of the last quarter, the company had losses, but there was never any cash recieved or paid out, all they do increase account payables, in essence accruing the expenses. Look at the past couple of quarterlies, the amount of loss is identical to increase in payables.

This quarter loss was all paper. PYCT had a bunch of crap listed as assets and liabilities that was invalid. So they wrote it off, no cash costs.

The last time, the accounts payable went down, was when they issued the 5 billion shares as partial repayment of the payables, ending them back into the DTC penalty box.

JMO, but some individual(s) are paying what little expenses PYCT has (OTC Market fees, PR's), because there has not been a cash infushion directly to company in many years.