Replies to post #67678 on Paychest Inc (PYCT)

[superstop]

Great point about the majors. Unfortunately not everything is invented by the big boys.
One thing for sure though, the big boys will want what PYCT had the exclusive rights to mfg

[dcjr4107]

Flushaway® is new technology and will be used in variety of items around the globe. To say "it would have been done by one of the majors" is quite ignorant. IBM told Steve Jobes to take a hike when he wanted to introduce the PC.

And as far as the sample goes it was "the first sample out of the 150 or so that the company just mailed out".

Be careful, this might bite where it hurts;

CORPORATE HIGHLIGHTS

New President and Board appointed in Sept 2010
Filings and disclosure project started. Legal issue addressed.

http://www.paychest.com/investors.htm

[poopscooper]

McFridge,it say right here majority funded by CES...makes no sense for Pyct to fund what doesn't belong to them.
CES has to deliver patent for pyct to use.
CES has gone BK and lost patent to Banks...Bank continued to work on R&D to fix problems with product.
When work is completed they will try to get orders for product again.
And like in the past Banks will need seed money and like in the past will have to sell company paper for money.
There is no pyct paper to sell right now..
RS is one way..
The deal with CES is over...there is no CES and CES lost patent to Banks


2010-02-15 02:50:50
Quote: The trial, carried out as a project under the Commercialisation Agreement and majority funded by Consolidated Ecoprogress, is for small scale production followed by a test to validate expected product performance improvements aimed at addressing high humidity performance and lengthening storage and shelf life.This trial and test builds on the successful laboratory and bench tests reported in February 2009.Assuming successful completion of this trial production, a positive result from the subsequent test, and with modest film development work that has already been defined, the Company expects this generation of the Flushaway product to have superior performance and a sizeable reduction in production costs when compared to previous versions of the Flushaway product line.Samples from the trial production, excess to test requirements, will be available for shareholders, investors, and new distributors that the Company has identified, or expects to recognize as a distributor of this innovative product.

[poopscooper]

You see money has to come from shareholders who buy company paper.
Private money is being used to R&D once completed they will need millions.
Those millions will need to come from selling company paper.
There is no paper left to sell for the millions needed.




Financing is a key component in the company's growth. The company recently received $1,000,000 from the placement previously announced February 24, 2006. With the stock price below the placement price and the recent Wal-Mart delisting, it is a possibility the balance outstanding of the placement may be cancelled. Although assurances from the placees that funds will be released, the company is committed to moving its business forward in a timely fashion. To ensure this, the company will self-impose a definitive deadline of August 25, 2006 as a cutoff for the funds. If the funds are not received by this day, we will cancel the remaining placement and the shares will be returned to treasury. The shares outstanding would decrease from 82,040,264 shares issued and outstanding down to 62,040,264 shares issued outstanding. Various finance groups have approached the company regarding alternative sources of financing should the other be cancelled. These include equity, inventory and purchase order financing.