Replies to post #69640 on Paychest Inc (PYCT)

[poopscooper]

So they think that these 4.2B and the additional 2B issued since/ after are restricted shares and its insiders that they were issued too?
Also that they are still being held due to the fact that insiders think they worth more then 0001!

Well that sweet cuz me beleives that the same insiders are hiring IR's and also paid 5K for the Letter instructing all readers to hold or buy 0001 paper before too late!!!
Do the math on the 2.7B for 115k and it's .00005 and sold for .0001 it's a double..minus the 5K for the Letter.

If it really is true insiders got the issued paper they must of been so excited that they decided to spend some money and inform the 6500 and the world to also pickup some and enjoy the ride to richess.

Yup and the man in the new suit just bought a new car on profits he's made on their dreams.




In January 2008, the company issued 2,709,009,995 shares towards the elimination of a long term note of $115,000
and issuing 1,599,990,095 shares for investor relations, accounting services, transfer services and management
consulting services.

On May 7th, 2008, the company acquired the exclusive worldwide rights to Flushaway(TM), a uniquely patented
range of absorbent biodegradable and flushable products. The product conforms to and exceeds the Biodegradable
Standard ASTM D-5988-03, as specified by the American Society for Testing Materials. In exchange, PayChest will
provide a note payable of $5,000,000 (US) to Consolidated Ecoprogress Technology Inc. over a 4-year period, for
the delivery of these contracts and further fulfill contract payment obligations to Consolidated Ecoprogress of 5%
royalties on sales.

[Trum]

So the 'company' HAS been dumping off shares by the billions...all but just a couple know this, Argument over. However, don't lose sight of that $600K note to Rich Capital....which is run and owned by Banks. What is he going to do with another5 to 6 Billion shares of this junk???? I would bet that the note will convert to what ever the new symbol is OR the TA is "freeing" up those shares early (basically unregistered) to compensate Banks for the spin-down or spin-off of shares that will happen with the name change... IMO, it just does not make much sense for him to set up Rich Capital and then not have it disclosed anywhere in the financials. I would bet they now have their hand forced to have to 'work this in to the plan' where they come out and state that production will start soon, distributors are lined up and "final negotiations" (again) have started. Just can't wait till we hear the next group of juicy forward looking statements from the Chuckle Hut.
Just so funny watching them try to hide the activity of dumping off shares at .00005...no wonder there is such silly hyping going on here - who wouldn't want to sell at .0001? Just check the volume over the last several weeks and see all those .0001s at the bid fly.

[mukluk77]

Those shares are restricted. Once again the company has not sold one share in over 6 years. Find another pink or big board stock that has done that, I'm still waiting.