PYCT OS count is bloated to 28 billion and just to get the scam moving again and be able to sell more preferred shares to toxic financiers like John Banks, they would need to issue several billion more commons just to cover converting the preferreds they sold in late 2011. And that doesnt count additional money that would be needed on top of that which selling more preferred convertible into several billion additional commons.
None of that can happen unless retail investors start buying up hundreds of millions per day of those newly minted commons that PYCT will have to create to satisfy the financiers. That aint happening no way and no how as that would push the OS count to near 40 billion total.
The only thing this scam produces is commons shares converted from preferred that they hand over the financiers to dump. They certainly havent produced any pads or booked any revenues in over 5 years since the Flushaway phase of the scam began.
Bagholders of PYCT are lucky if they can unload any of this junk even at .0001
Remember the reason for the Chill as stated by PYCT were issues regarding conversion of Preferreds to Commons. Did PYCT convert those shares early??? After 16 months theyve yet to explain it all in a way DTCC accepts.
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