Ed Starrs chose the option of receiving 3 billion shares over receiving compensation for his salary he lost since he took a 100% pay cut when MYEC lost their bank deal with Bank of Los Angeles, he acquired early this year, there's a reason why he took up so many shares ;)
Heres why CEO holding 3 billion for BUYOUT
check this DD out, this is why the CEO ed starrs wants to take a buyout offer, but only for the price he thinks the company is worth and why he took up a position of 3 Billion shares!
Quote: -------------------------------------------------------------------------------- “We were blazing a trail where no service had existed before. We have a patented process,” said Ed Starrs, president and founder. “Had our bank not been shut down, we would have had a great year.” -------------------------------------------------------------------------------- he then followed this statement up with
Quote: -------------------------------------------------------------------------------- Ed Starrs said his company, MyECheck, has scaled back drastically. “We just keep cutting expenses. No one is getting paid right now.” -------------------------------------------------------------------------------- he took the liberty to cut his entire pay so that the company wouldn't loose money, he truly cares about making MYEC great, but then he followed up with this!
Quote: -------------------------------------------------------------------------------- Starrs said he has had multiple offers to buy the company. But they are based on the current value, which is depressed, he said.
“I wasn’t going to sell it for the current valuation. If people put in capital at a time like this, they want to take control,” he said. -------------------------------------------------------------------------------- he is looking for that buyout! which is why he got 3 billion shares and is aggressively growing MYEC now to get the company valuation up where it needs to be!! no-one can deny this, this is his plan and anyone who holds for that buyout will be very very wealthy, also he added
Quote: -------------------------------------------------------------------------------- before our bank got shut down we were on a roll and all our clients really liked our patented check 21 clearing system, we also were lining up several new clients right before the closure which we had to cancel after, we are happy to announce though that our patented check clearing technology is very sought after and we will begin looking for a new bank deal --------------------------------------------------------------------------------
this was from late 2010, well baby he got that new bank deal, LOOK OUT FOLKS $MYEC
all this confirms what I had already know that, Ed Starrs really cares about MYEC and making it a great company and also he wants to cash out with a large buy-out offer, which he received several in 2010 oh baby and MYEC is just getting started now, this is why absolutely no-one will sell $MYEC long and strong baby woo-hoo!
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