Replies to post #79914 on MyECheck, Inc. (fka MYEC)

[stockonomy]

I do not agree with you, but I do appreciate the form of your post.

How else is a penny to go up in between financials? PR is needed...inform the public of what the company is doing...every stock on the Nasdaq has articles written about them daily.

Financials will be the tell all...due 3/31...my assumption is if you are auditing your financials and you partner with a large data storing center (QTS) then financials have to be stellar.

Let's all make some money tomorrow.

GO MYEC

[Zeroze2002]

Thanks for putting the time and energy into a nice well organized post.
Indeed there is a good message, that is to be conservative and be careful. This is still a penny stock at the moment, after all.

But I must disagree on the your overall assessment of the news. I think this was spectacular news for some of the reasons stockonomy just cited.

This PR says to the world that I am 100% confident that this company is going to uplist. To uplist means we will have a pps of .10. The PR says we are hiring and growing and we will have a solid balance sheet. All in all, this is actually a diamond in the rough penny stock.

Also, the Yelp does not mean anything. There are only two reviews. Who reviews an accountant on yelp? A few wackos had some really aberrant bad experiences. I would not rely on that at all.

[ADVFN_kassaro]

I appreciated your candid and well-informed comments and analysis. Thank you.

[Steel Penny]

You give good advice.

[Silversurfer1]

Thanks, very well said. This is not bashing MYEC, this is a fair view that long, swings, and shorts might benefit from. Plans on the MJ connection will all depend on how banking law changes move through the process. Just my two cents. SS1

[Ieatmyvegetables]

I think you are confused Upper. Nowhere in the Q&A did it mention that an audit was underway but rather that their hope/plan was to have it done. So this news tells me two things:

1. Ed Starrs wasn't blowing smoke up our asses when he answered the questions and that he is an honest CEO bringing his company back to life. To be honest I wasn't sure if there would be audited financials already due to their cost (see point 2), and there are CEO's of penny stocks who claim their going to produce audited financials and never do.

2. Having audited financials is costly and given that Ed said the company has not sought or received any financing then they are being paid for from operational revenue. Take a look at the average cost of an audit for a publicly traded company.

http://www.financialexecutives.org/KenticoCMS/News---Publications/Press-Room/2013-press-releases/FEI-Audit-Fee-Survey--Public-Private-Company-Audit.aspx#axzz2v9NTfHUG

So why downplay this news (Yelp really?)? Just enjoy the news in all it's glory.

[usandy]

I too appreciate your call for calm, but I must point out this is a stock that has true potential. It pulled back hard for no other reason (that I can see) than it became overbought and some bashers spooked the faithful.
Let's not dismiss the reasons it moved up hard however. I've invested and been a broker, wholesaler, and advisor for over 30 years and never have I seen the qualities in one stock that MYEC represents.
Rock solid competitive barrier to entry (patent) in a $44 trillion industry, lower fees than the competition, true, disruptive technology, faster fills and more security... and now audited fins and probable positive cash flow IN A PENNY STOCK? Are you kidding me?
I'm trying to stay calm, but I still lose it when I think too much about the future! Just wanted to be as objective as I can be! GLTA