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Non-Tech : PYCT - Paychest, Inc.
PYCT 0.00Aug 30 4:00 PM EDT

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From: mortalmyth11/5/2012 12:05:55 AM
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Paychest States DTC "Chill" Due to Broker Stock Sales ...

Reference from page 6 of the 2Q2012 report: "The Company has been delayed in pursuing this due to a small core team that has been addressing a temporary 'chill' imposed by the Depository Trust Company and the extended absence of the President, for personal reasons. As far as the Company can tell, the temporary chill was triggered as a result of an increase in issued and outstanding shares, caused by preferred shareholders converting."

I'll bet a couple of posters are feeling pretty silly right about now due to this revelation that the "Chill" was instigated by the real DTCC (and wasn't some internal brokerage office/department as some were incorrectly stating), and that it has to do with preferred shares being converted by insiders (financiers), and not some make believe naked shorts in PYCT. I do give credit to the company for finally looking into this topic after a question about it was submitted to Tom Hands (Paychest IR) on 6/15/12. What it will take to wrap up the resolution and when this may occur is currently anyone's guess. It is hoped that once that occurs Paychest will openly disclose what transpired and issue a PR.

Anyway, good day to all.
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