MYEC Company info 08/09/2014 20:18:21 $MYEC
OH I remember this board over 1 1/2 years ago...when there were only a few of us longs here....things have changed (better or worse...not the issue)...
As I have previously said...there will be a barrage of critics and criticism regarding MYEC....and I for one admit some frustration on days....but then I pinch myself and remember why I bought in...
I have decided that I will not sell and hold till years end and reassess my investment then...
MYEC is a growing company in a cut-throat industry...
Pretty self explanatory here. 400+ million shares flooded us to make us debt free. It sucks, its a phase, and it will be over soon. When it is, we will go back up. Vfin, Vndm, and Nite have been relentless. Case closed and Go MYEC$$!!
This is good will turn around soon IMO especially after bills email
People want 10,000% gains in a week. Ed and the team are growing this business, investors will be really happy in 2015 and beyond.
Quote:
Please explain lack of performance?
Well, there was the 2 month delay on DTC eligibility, after ed stated "sometime next week"
and its now going on 5 weeks since the date the apps were supposed to be released, remember the MJpay countdown? why even have a countdown in the first place? No apps, no media coverage, no marketing campaign
now we're all sitting here wondering if Q2 revs will be better than Q1 because as stated "most revenues will be from licensing, not processing" and we technically haven't sold one single license in Q2.. unless Ed has just kept us in the dark about new clients
oh and then there's the share structure thing, where they retire a billion shares, and then realize they (or their TA, but doesnt really matter) messed up and need to re-release almost half of those shares to balance their books
to me, those are all underperformances
could be worse though.. could be better
Yeah, I'd like an explanation also.
Agreed
Excellent read! Thanks dog in the river. Lots
of blah,blah,blah going on here. Good to have an article that is thought provoking! E-trade > More efficient, economical AND tree saver! Wolf-Wolf!!
Agreed, like Ed said they weren't going to announce every client, we have to many whiny shareholders calling up clients.
What you guys are missing is that some of us are true longs. We're not flipping and we have done our own DD. We're not listening to the bashers or pumpers. They don't affect us one way or the other. We may respond to them but they have no affect on our decision.
We have simply looked at the potential of MYEC and the actions being taken by the CEO. I still have not found a better pinky to "invest" in.
BTW look at the people being hired, most are sales staff. These are not people to maintain the the company, but to expand our exposure!
Snowball coming!
Most have, but what are you supposed to do about posters? I've decided to hold my investment for long term gains so I have little choice but to deal with both. It sucks yea.
IMO No lack of performance, just growing pains. Natural for this to happen with anything that's is rapidly growing. IMO MYEC is like a teenager going through osgood schlatters
Please explain lack of performance?
It only been 3 1/2 qtrs what exactly did you expect?
The new hires were last Qtr. Did you expect Nate to sign clients up the 1st day on the job.
Ed has done an exceptional job getting us to this point and this going to take a few more Qtr's to really get a foothold in this sector.
Yes the pain is now as Ed n company is getting the company ready to be fully reporting and on track to grow revenues.
Buy, sell, hold or flip. It all based on your tolerance in investing.
Painfully earned experience.
You get it...Most never come to that realization...
Payne78, I share the same feeling with you. I sold half of my position and the other half are more or less free shares, so I can wait and see.
I know a new start-up business is not easy at all, lack of performance in the past few months may be understandable, but most
disappointing me is the indirect dilution which likely will be carried on until at least next Feb. At this moment, I only hope the coming financial report will show that MYEC really is building up revenue streams to stop further dilutions.
To me, bashers and pumpers exist in every board, at the end everyone
responsible for their own investment decisions. But I think bashers are better than pumpers, because a basher may make you miss a chance
to profit, but a pumper can make people lost their hard earned
money. So I beware pumpers more than bashers.
myec is money....different from all others....$$$$
http://www.youtube.com/watch?v=e2QKlmMT8II
If MMs have the power to keep it down BEFORE the fins report, shouldn't they also have the power to keep it down until it becomes fully reporting with the SEC? Isn't that like the last time MMs can viscously manipulate an otc pink sheet stock?
Seems many here think the 'silent' gap between the VX Gateway and Simplifile PRs means that no other business was signed in between. I'm expecting Q2 to be better than most think. Funny how the sentiment around the quarterly reports has shifted to ultra conservative...almost polar opposite to the Q1 hype. Exponential revenues...
Must read mobile payment white paper.
http://www.sans.org/reading-room/whitepapers/...ents-34062
We must get this App developed right no wonder it's taking little longer then we expected.
OH I remember this board over 1 1/2 years ago...when there were only a few of us longs here....things have changed (better or worse...not the issue)...
As I have previously said...there will be a barrage of critics and criticism regarding MYEC....and I for one admit some frustration on days....but then I pinch myself and remember why I bought in...
I have decided that I will not sell and hold till years end and reassess my investment then...
MYEC is a growing company in a cut-throat industry...
Pretty self explanatory here. 400+ million shares flooded us to make us debt free. It sucks, its a phase, and it will be over soon. When it is, we will go back up. Vfin, Vndm, and Nite have been relentless. Case closed and Go MYEC$$!!
This is good will turn around soon IMO especially after bills email
People want 10,000% gains in a week. Ed and the team are growing this business, investors will be really happy in 2015 and beyond.
Quote:
Please explain lack of performance?
Well, there was the 2 month delay on DTC eligibility, after ed stated "sometime next week"
and its now going on 5 weeks since the date the apps were supposed to be released, remember the MJpay countdown? why even have a countdown in the first place? No apps, no media coverage, no marketing campaign
now we're all sitting here wondering if Q2 revs will be better than Q1 because as stated "most revenues will be from licensing, not processing" and we technically haven't sold one single license in Q2.. unless Ed has just kept us in the dark about new clients
oh and then there's the share structure thing, where they retire a billion shares, and then realize they (or their TA, but doesnt really matter) messed up and need to re-release almost half of those shares to balance their books
to me, those are all underperformances
could be worse though.. could be better
Yeah, I'd like an explanation also.
Agreed
Excellent read! Thanks dog in the river. Lots
of blah,blah,blah going on here. Good to have an article that is thought provoking! E-trade > More efficient, economical AND tree saver! Wolf-Wolf!!
Agreed, like Ed said they weren't going to announce every client, we have to many whiny shareholders calling up clients.
What you guys are missing is that some of us are true longs. We're not flipping and we have done our own DD. We're not listening to the bashers or pumpers. They don't affect us one way or the other. We may respond to them but they have no affect on our decision.
We have simply looked at the potential of MYEC and the actions being taken by the CEO. I still have not found a better pinky to "invest" in.
BTW look at the people being hired, most are sales staff. These are not people to maintain the the company, but to expand our exposure!
Snowball coming!
Most have, but what are you supposed to do about posters? I've decided to hold my investment for long term gains so I have little choice but to deal with both. It sucks yea.
IMO No lack of performance, just growing pains. Natural for this to happen with anything that's is rapidly growing. IMO MYEC is like a teenager going through osgood schlatters
Please explain lack of performance?
It only been 3 1/2 qtrs what exactly did you expect?
The new hires were last Qtr. Did you expect Nate to sign clients up the 1st day on the job.
Ed has done an exceptional job getting us to this point and this going to take a few more Qtr's to really get a foothold in this sector.
Yes the pain is now as Ed n company is getting the company ready to be fully reporting and on track to grow revenues.
Buy, sell, hold or flip. It all based on your tolerance in investing.
Painfully earned experience.
You get it...Most never come to that realization...
Payne78, I share the same feeling with you. I sold half of my position and the other half are more or less free shares, so I can wait and see.
I know a new start-up business is not easy at all, lack of performance in the past few months may be understandable, but most
disappointing me is the indirect dilution which likely will be carried on until at least next Feb. At this moment, I only hope the coming financial report will show that MYEC really is building up revenue streams to stop further dilutions.
To me, bashers and pumpers exist in every board, at the end everyone
responsible for their own investment decisions. But I think bashers are better than pumpers, because a basher may make you miss a chance
to profit, but a pumper can make people lost their hard earned
money. So I beware pumpers more than bashers.
myec is money....different from all others....$$$$
http://www.youtube.com/watch?v=e2QKlmMT8II
If MMs have the power to keep it down BEFORE the fins report, shouldn't they also have the power to keep it down until it becomes fully reporting with the SEC? Isn't that like the last time MMs can viscously manipulate an otc pink sheet stock?
Seems many here think the 'silent' gap between the VX Gateway and Simplifile PRs means that no other business was signed in between. I'm expecting Q2 to be better than most think. Funny how the sentiment around the quarterly reports has shifted to ultra conservative...almost polar opposite to the Q1 hype. Exponential revenues...
Must read mobile payment white paper.
http://www.sans.org/reading-room/whitepapers/...ents-34062
We must get this App developed right no wonder it's taking little longer then we expected.
