Never said they would reverse split but that they could but they will likley do an Effective reverse split, if the SEC lets them, by spinning of Flushaway/Mibella into a new shell with a low OS count - leaving behind PYCT as 28 billion bloated monster containing the old Paychest.com biz - which we all know is 100% worthless.
But dont despair, Im sure they will give PYCT shareholders a 1/2% divy in the new shell. LOL! Maybe even 1% !!! Hey, 99% loss is better than 99.5%. Right? of course Banks, Liani and other toxic financiers will get convertible preferred in the new shell to compensate them as welll as PYCT selling convertible preferreds to them in exchange for MO CASH !!! Still wont be a product but the scammers/financiers will make out quite nicely.... assuming the SEC allows it.
Based on what Tommy boy is telling people Im pretty sure thats what they are trying to do. It would explain the need for a new name/CUSIP number/symbol.
News 
Market Data 
Discover 
