Replies to post #260615 on MyECheck, Inc. (fka MYEC)

[WhiteFish]

NCAR, the answer to the first question, which is the only one that needs answering to answer any others, is that Ed cannot admit to or disclose the real estate without it becoming clear the whole Greenpay/Sierra Global shell game was a scam to sell shares and that Ed has been filing false financials. But fear not, the day is coming "soon". In the meantime, ask him about the tax lien from the California Employment Development Department and the Utah default judgement. After all, I've been told Ed is the most transparent CEO on the OTC.

Also, Starrfish, I agree Ed would be an idiot not to settle before he is disposed on the 29th. However, MYEC is cash broke and can't even pay HOA fees on its portfolio of real estate, or even Wyoming Registered Agent fees. The law firm won't take stock and I'm sure they are familiar with the concept of disgorgement if it were to turn out a settlement came from ill-gotten gains. IMO their safest bet is to lay a legal claim to the MYEC owned real estate. My personal bet is simply Ed doesn't show up.

[GreatWhiteBuffalo]

Because he purchased the property using company money.

Shouldn't company money be used to run the company? Product development? Hire some software engineers?

Where did all that money come from?

That's the real question.

[eqinvestor]

Since I don't speculate and I only talk in fact, I can't tell you why Ed decided to create a shell and then announce that MyECheck bought the shell and to wire money from the shell that was derived from stock sales into MyECheck bank accounts and then to wire money into real estate title companies from MyECheck and Greenpay accounts which he controlled to buy the real estate and not report it on the books of the company.

However, I can speculate that it wasn't part of an asset protection strategy that will be celebrated at the condo in Hawaii and he won't be winning the Nobel prize in economics for his asset protection strategy. He doesn't have a second career in asset protection.

Notice that Ed's greatest supporters no longer deny the real estate. Their strategy has been to ignore hoping it will go away.