Replies to post #252819 on MyECheck, Inc. (fka MYEC)

[Mistral]

I disagree with this interpretation jrw1515. No news release or SEC filing states "all of the assets of Greenpay go with the sale of Myec."

The news release you linked (below) is referring to GreenPay's license to patented technology--an IP asset that has always been owned by MEC. (MJ-Pay was the original name of the mobile payment app.)

The mj-pay system enables secure real time electronic funds transfers at marijuana retail locations, and provides regulatory compliance with FinCEN guidelines for banks.

GreenPay assets are owned by MyECheck, however GreenPay will be operated as a separate entity with an independent board of directors and management. Future licenses sold for the marijuana industry will be sold and licensed by GreenPay, and existing licensees are being transferred to GreenPay.

https://www.accesswire.com/419473/MyECheck-Completes-Acquisition-of-GreenPay