Replies to post #5291 on PSYC Corporation (PSYC)

[transcendself]

the product has been lackluster at best, and the competition in the niche market has left mtrac in the dust. they have not appeared in the Hawaii dispensaries yet, and the Hawaii dispensaries take card payments now so, it is doubtful they ever really will expand into the Hawaii market.

they know they aren't gonna succeed in the business, and they are determined to pull every invested dollar out of the market before closing their doors and going defunct/ bankrupt with gohe/ mtrac. that is their reason for running it into the ground deliberately.

management was expected to file q2 disclosure around 6/30, they still haven't... if there is a "marketable product" where are the "revenue reports"?

the only thing they have for sale is shares... there are so many ways to pay with your card at dispensaries now.... mtrac got left in the dust while they were spinning their wheels and going nowhere except the company atm.

money for nothing is their motive.

[transcendself]

customers who have actually used the mtrac system at an actual dispensary sound off!

I only remember one person ever saying they actually used the system, while at the same time revealing that there were other card payment systems in place in those same dispensaries, being used by customers.

it would not be hard to create a fake company... fraudsters have been doing this scam for decades. fraudsters milk the investors for every dollar they can with no plans to ever come through on any "forward looking statements".

their "why" they do this is, they are "frauds" (criminals). they aren't worth their pay, they are lazy and don't want to actually do work, so they create fake companies to make themselves Ceo of, that exist for a few years but show nothing but losses and expenses (that include inflated executive payroll), which are just tax evasion schemes, and give themselves a job where they don't do anything, because no one else will employ them.

my point is, they don't have a "decent product", they have been "left behind" by the competition in the "card payment" space, they know it, and now they are just trying to get every dollar they can from the market into their own pockets before bankrupting/delisting.