Replies to post #63622 on Paychest Inc (PYCT)

[Dominion Melchizedek]

Dividends certaintly wont be structured to benefit existing common shareholders.

Im guessing they will TRY and issue dividends as a small amount of Flushaway shares at something like 1 for 1,000 PYCT common or even a higher ratio, then the Dominion of Melchizedek scammers, Banks, others will get millions of newly minted Flushaway shares to dump for their big pay day. Ordinary holders of the divy would be lucky to get a penny on the dollar.

At 1 for 1,000 say FLSH (or whatever Flushaway would be) would have 25,000,000 shares. Then the real fun would begin for the scammers as they could issue preferred shares to insiders convertible into common to drive the share count back into the billions.

Meanwhile ordinary common PYCT shareholders would be left with an empty bag consisting of beel-yunz and beel-yunz of worthless Paychest shares. PYCT would then end up like the other company Pillay was CEO of when Pillay came out of nowhere in 2006 - the company that was supposed to work with Paychest.com to make it viable.

Then again, trying to do this would attract the attention of the SEC - which Im sure they dont want since they might put a stop to it.

As for the initial divy plan - since Pillay is allegedly going away, that plan is null and void.

If they do this at least it would be playable the way it was back in the Pino days of 2004 and 2005.