PYCT - No, there will not be a reverse split or buy back until further notice. Management realizes that a reverse split will not have any benefit to the large number of loyal shareholders who have paid much higher prices previously. This allows old shareholders ample opportunity to gracefully liquidate their entire portfolio at better market driven prices or to buy more shares to average down their share portfolio, thereby enabling them to have a better chance of recovering from their previous losses. It also allows new investors an early opportunity to purchase at more affordable prices. Stock consolidation will be necessary, when management decides to upgrade PayChest to the bulletin boards or higher. Management will consider all available options in order to have the most positive effect for shareholders and the future of the company and the public will be given a minimum of 3 months notification of PayChest's decision. In the interim, the PPS will be determined by a combination of market forces, shareholder loyalty, outstanding share volume and management's ability to execute on its business plan.
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