Not even financials put out by PYCT are verifiable - since they are unaudited. Since PYCT is run by the DOM, it would be of little suprise information if their financials are fradulent.
After all back in April 2008, the mysterious Hong Kong investors allegedly bought 100% of the preferred shares and infusing capital into PYCT, as stated in PR's but this appeared nowhere in the 2008 financials. The odds are there were no Hong Kong buyers infusing capital into PYCT in the first place.
I was looking forward to the 1Q 2009 financials, supposed to be issued in May, to see how they wormed their way out of that paradox. Of course, 7 months later, no sign of 1Q or 2Q financials.
PYCT is a ghost ship, fading in and out, up until September 1, 2009, then going dark since then. Maybe Pillay was supposed to pay the electric bill, but ran off to Aruba with the cash? LOL!