Replies to post #69641 on Paychest Inc (PYCT)

[adanac]

If only people could read, eh Banana.
With Proper DD they would have seen:

I don't know "funny math", but it looks to me like Sept 2010 and Dec 2008 (PLUS ADJ OF 2.2B) are EQUAL!!!!!


Balance, December 31, 2007 16,941,321,385
Common Shares Paid for Notes 1,150,000,000 (Q1)
Common Shares for Service 1,559,009,955 (Q1)

Balance, December 31, 2008 19,650,331,340

Adjustment for shares not returned
In 2006 2,200,000,000
Common Share delivery recorded in
prior year 2,709,009 2,709,009.....IN Q1 PRIOR TO FLUSHAWAY

Balance, December 31, 2009 21,850,331,340

Balance, Sep 30, 2010 21,850,331,340

[poopscooper]

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.

Grab yourself a slide ruler and figure it out...I making nothing up...2.7B shares for 115k debt equals what share price.
This info has been posted here many times in the last 2+years for you and the .10++++++++guy to calculate.

Whoever accepted the paper for 115k was a clown or would be a clown with no bid on the paper he just accepted for debt.
IR also accepting 1.5B for IR would be foolish since with no Bid it has no value other then for wiping purpose.

Only way to turn paper into money is with interest/bid/buyers for paper...and he can finally collect the 115K on the long term note...2.7B * .0001 equals?

Got that slide ruler yet?