Well, since you seem to be reliant on others on this board to do your due diligence I will help you out. But, remember this is all my opinion so verify this for yourself.
There are a few explanations for the 400,000,000 shares.
In the second quarter, MyECheck issued 400,000,000 shares for the conversion of debt. The debt holder failed to pay the convertible notes so those shares were cancelled. It is possible that the company re-issued those shares and they are now possibly debt free. I, of course, don't know this for certain, but it is the most logical answer.
Another possibility is that those shares were not re-issued and the OTCMarkets website still contains the discrepancy that was resolved by Ed Starrs.
And lastly, it could be that shareholders are being dumped on by the company diluting and pocketing the cash... But tell me, if you spend any time watching how this stock trades, you will notice that the float is pretty dang locked.
You could follow the advice that has been given to you by other members on this board and just wait until the financials come out to buy in...if you choose to do so. I, for one, wouldn't want to be caught without shares.
$MYEC
News 
Market Data 
Discover 
