Yes, why would they need to cover as the crew claims they need to do. It comes down to the facts. The company has gone nowhere in the last few years. They even stated that they would sell/issue more shares to pay for services- adding to the float.
There are a few reasons to buy paychest shares, one is the lottery ticket syndrome, the other is to flip (which is what the crew hopes to do). Outside that, anyone who has looked at this thing would not touch it. It is hard to believe that some folks are out to deceive folks but that is reality. Some companies are just shells that want to pump out .00005 shares, it is much easier to do that than to produce any type of product (case in point pyct) that is why there is so many billion shares out there- not something you see in real companies.
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