Replies to post #67889 on Paychest Inc (PYCT)

[Trum]

That is one way to look at it..but fact is:
They added a couple BILLION since 2008, a billion+ before that too in 2007. Gotta look at the most recent activity to get a good feel for what has been going on....and it is not a pretty sight.
Folks can claim that there is a short...nobody really cares if there is or not...only thing that matters is a product on the shelves and over the course of 3+ years they have failed to even produce a good story for folks to believe. Proof that they don't even have a manufacturing line is because they don't have anything to sell, or anything to advertise. Closest that this "company" has come is a Letter that was poorly thought out...nobody has yet to provide any proof of samples...just a "letter" that asks users to drop the product in water, wait two minuets, then stir.... what a load of.... It is clear the clowns running this have no clue.

2006??? Maybe we can go further back.. back before the product got pulled from any body that was carrying it due to costs and design...but that would cut PYCT out entirely of the picture.

[MFridge]

In June of 2007 they said the OS was 16.6B. It's now 21.8B.

They reduced the share count, then during a time that the company claimed it was funded by third parties, it was diluted it right back to where it was and then some- well past any 800M figure.

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.