Replies to post #72896 on Paychest Inc (PYCT)

[poopscooper]

Yah 3 long years for IR servives!!!
You got 600K for services...
You got another 115,359 accounts payable....lol are they going to pay that 115k again with 00005 shares?
And you got the surprise 40K for debt!!


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 February 1st, 2010 the Company issued a Convertible Note for $600,000 to Rich Capital International Enterprise Ltd of
Hong Kong for services.


In December 2010 the Company issued 400,000,000 shares to retire $40,000 of debt for a loan and debt commencing 2007.
The Company does not anticipate further shares being issued for debt.

[poopscooper]

Any idea what services Rich Capital did for Pyct for 600k last year?
lol...600k is a huge bill you paying!!
Maybe IR could shed some light on that expense or again it a secret??



On February 1st, 2010 the Company issued a Convertible Note for $600,000 to Rich Capital International Enterprise Ltd of
Hong Kong for services. The Note attracts 5% simple interest commencing September 1st 2010. Payments for interest and
principal commence only when Company revenues reach $3,000,000. On or after September 1, 2012 the recipient can
convert payments due into common shares at 75% of the market price at that time. The maturity date of the Note is
September 1, 2015.