Replies to post #67888 on Paychest Inc (PYCT)

[adanac]

It hasn't always gone UP

BY DEC /05 - 15,000,000,000 common shares

BY DEC /06 Total shares 21,046,534,385

BY DEC/07 (AFTER AUDIT)Total shares 17,140,990,045

BY MAR/08 Total shares 19,850,000,000

NONE IN THE LAST 3 QUARTERS OF '08 (AFTER FLUSHAWAY DEAL)

BY DEC/08 Total shares 19,850,000,000 (LAST FILING)

ACCORDING TO COMPANY WEBSITE'S LAST UPDATE (MAY'10) 21,850,331,340

So, in fact, they have only added 800M since Dec 06

I DON'T THINK THAT IS TOO BAD

[dcjr4107]

Look on the website that was updated 2 weeks ago, sorry you are wrong. AND the company has NEVER sold one share on the open market since Pillay took over 5 years ago.

Giving shares out to insiders and for services rendered is very smart.

The company still has 3.8 billion shares to sell at .01+++++ that's 40+ $$ million

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

The company would never be able to update on the website that the OS is 21.8 if it was not. And you know that.

"While the reduction was a good thing, for a company that has supposedly been funded by deep pocketed outside parties for the past 4 years, it's a bit odd that they've needed to dilute the share structure from 16.6B to 21.8B."

Issuing shares to insiders and others is MUCH MUCH different than selling on the open market. Without knowing how much of those are RESTRICTED is totally RIDICULOUS to EXAGGERATE.

LOL - WOW