Replies to post #115704 on Paychest Inc (PYCT)

[Trum]

Good points Scoop - and no patent... trying desperately to hype the silly old worn-out name change thing is just this scams M.O.... I think she knows this but the script wont' let her deviate off that dumping path.

Penny subber scams like pyct need this...how else can they fool anyone into buying a losing investment?

best thing is the ignorance about a short position here... there is none...LOL all the hope and Hyyyyype in the world won't change that.

[adanac]

poop, you state the following, which I say is incorrect

"all 3 need a buyer...lol "

SHORTS don't need BUYERS (the shorts already did the SELL SIDE)
NOW, they need "SELLERS" to they can come out of the trade.

If, as I've done before, placing BUYERS AND SELLERS into 5 categories, you would possibly see the "shorts problem"

BUYERS
Insiders, possibly, but I think they have enough shares
Flippers, no, the range UNDER .0001 to .0002, is not wide enough for them to 'make any money here'. They can't buy at UNDER .0001
Shorts, if there are none, then this category wants ZERO shares
If there are any, then this category NEEDS SELLERS (without raising the price)
Newbies, possibly, but there has been NO MONEY SPENT ON PROMOTIONS SINCE BEFORE THE CHILL (Q2 of '12), so newbie buyers is a long shot
LONGS, They are the only group of BUYERS left. You call them 'pigeons'

SELLERS (put in the same 5 categories)
Insiders, I'll admit "THEY COULD BE", but they PAID .0001(to the company, for their shares). WHY SELL @ UNDER .0001, which some here claim. Even "preferreds" which were converted in 2011, were got from the company at .0001/share
Flippers, ALL the smart ones are gone, or NEVER BOUGHT to begin with.
Shorts, if there are none, then it would be "dangerous" to 'start shorting at the .0001 (or UNDER)
If there are any, then this category NEEDS SELLERS (without raising the price). They would SELL SHORT at .0001 in order to keep the price down (and entice SELLERS)
Newbies, possibly, but then "Why did they buy in the first place, so newbie sellers is a long shot
LONGS, They are the only group of SELLERS left. Even LONGS are not adding to their position at .0001 to SELL at .0001 (or UNDER)




O/S as of DEC 31,2008:======================19,650,331,340

Shares for DEBT=($40,000.00)===================400,000,000

Shares returned from AUDIT===================2,200,000,000
Shares returned from AUDIT=====================124,014,285

Shares for DEBT=($16,092.00)===================160,919,311
Preferred to Common=(180K Preferred)============1,800,000,000
Preferred to Common=(65K Preferred)===============650,000,000
Given to Liani for continued FIN Support=============3,000,000,000

Issued & Outstanding as of Sept 30,2011:========== 27,985,264,936


**** buy back 300MILLION....SHARES O/S========= 27,685,264,936

[lemon]

LOL Yes! The shorts need to wait and from the way it has it looked over the years, shorts, if there are indeed any, have waited a very long time.

If Paychest doesn't follow through with the name change at some point, shorts don't need to cover, ever. You do understand that, don't you? LOL

No threat of the PPS going anywhere makes for a safe future for the shorts. IMO Again, if there are any.

GL!!! And keep watching!