We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : PYCT - Paychest, Inc.
PYCT 0.00Aug 30 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: mortalmyth11/5/2012 2:28:22 AM
   of 40
More Point - Counterpoint on Paychest Activities and Progress

Some more interesting points and statements that recently have been made regarding Paychest. Most are worthy of consideration and potential further discussion. Resulting comments and questions were generated to bring to light counterpoints and clarifications.

Statement: Not once has the company "pumped" the stock, in fact they seem as if they could care less if we buy or sell their stock, these people are focused ONLY on building and growing a business to generate revenue, retail market exposure, and going global with sales.

Comment: Paychest has obviously tried to "promote", or "pump" if you prefer, the stock with issuing many PRs (most having little which could be independently verified or have come to pass as being true) and by paying promotions sites such as moverzandshakerz who e-mail bombed thousands of penny investors. If that isn't promoting to try and acquire more interest in buying PYCT shares, then what is?

Statement: The Shakerz promotion was a trap to test the market makers and they PASSED WITH FLYING COLORS!!!!! The owners wanted to test the headwinds and got their wishes!!

Comment: If the company's true reason for spending the $10K was just to try and further trap an alleged naked shorter, then I'd have to say they breached their fiduciary responsibility to shareholders. They should be spending their limited time and funding on producing and marketing products to INCREASE SHAREHOLDER VALUE, and NOT on looking for more ghosts.

Statement: Flushaway products, installed the machine tested it, tweaked it, thinned out the film for higher profit margins, and has been up and running at 100% capacity since production start minus the holidays. Prior news indicated this was the first in a series of machines to be built.(subtle words overlooked by many)

Comment: The first in a series of FILM machines, as many would be required to meet any type of appreciable production run rate. Nowhere can any company published documentation be found that Xinpro will have, or is intended to have, other types of machines necessary to produce the pad and liner end products or perform packaging operations. If someone can state this as not the case then please provide a source or link.

Statement: What did Paychest show the people that own Xinpro that enticed them to lay out millions of dollars for over a year with ZERO payday ?? It seems logical Paychest already had at least one HUGE contract, purchase order/agreement with some heavy hitter and proved that to Xinpro. Xinpro most likely said OK, but we get the rights to manufacture all Flushaway/Mibella products and all future products that spring from the patents.

Comment: The assertion of some HUGE contract being used to motivate Xinpro is unfounded and NOT logical. It's much more logical to assume that Paychest promised Xinpro a significant portion of the revenue stream as Xinpro is taking all the risk and spending all the money to get the factory up and running, labor, utilities, etc. (and even more of the money if it's assumed Xinpro is producing the end products and doing the packaging). Also important, is if Paychest already had a HUGE contract when this post was made, then why aren't they sharing the good news with the shareholders and investing public to help support the share price? Doing so would be a detriment to shareholders and therefore makes little sense.

Good day to all.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext