MYEC Stock Updates 08/13/2014 05:01:50 $MYEC
Here's your California SOS answer. This is what an investor does vs a basher.
It would be Eds 2 B shares but there is clearly a discrepancy between the 2B and the 1.8 B listed on Q1, I'm looking forward to the auditors clearing this all up
Restricted shares
So if all the shares for debt were issued "free trading" and potentially most into the market, what is making up the approx 2B restricted shares?
Thanks
Agreed, I will be happy if it is above 250,000
Sounds like Q2 will be less than 1/2 of Q1 since there were no new licensing fees which are about $200K each. We are not to the point to where transaction fees are going to sustain exponential growth until Q3 & Q4.
I'd be content with $500K in revs according to the info avail.
MYEC
I pray our situation not like this:
The details of the BCIT saga, apparently involving some 1,500 investors, are documented on the “Let BCIT Trade” website. On that site’s “History” page, the following explanation is provided:
“Energy Source History
In the spring of 2005 Energy Source, Inc. (formerly Bancorp International Group, Inc.) was a non-trading Nevada shell corporation with 4,890,000 shares outstanding and 25,000,000 shares authorized, controlled by CEO, Thomas Megas and Secretary Martin Duffy. Mr. Megas had planned to bring the company current with its SEC filings to reverse merge his real estate holdings into the company, and had in fact contracted an accountant to start work on the filings.
Unfortunately for the London, UK based Mr. Megas, Mario Pino usurped control of his non-trading shell corporation in a case of corporate identity fraud. Unbeknownst to Megas, Mr. Pino and accomplice Pamela Thompson ultimately printed two series of counterfeit Bancorp certificates. After fraudulently filing documents at the Nevada Secretary of State to hijack control of the corporation, they flooded the market with 41 counterfeit certificates representing hundreds of millions of shares through their associates and various hired promoters.
The counterfeit Bancorp shares entered the public marketplace without a single eyebrow raised at the Depository Trust and Clearing Corporation, the behemoth private entity responsible for settlement and clearing of all equities. Amazingly, the DTCC cleared hundreds of millions of counterfeit Bancorp shares without discovering that Pamela Thompson, acting as “transfer agent” for Mario Pino had never registered with the SEC as such. In addition, the DTCC never contacted Energy Source’s previous TA, Pacific Stock Transfer, to verify any TA change.
Despite Megas discovering the fraud, and then contacting the SEC, various regulators, and the DTCC, the invalid shares continued to trade for several months on the public markets. In fact the stock continued to trade for several weeks even after the DTC released a “Notice to Participants” suspending all services except custody as of 8/11/2005.
After trading northwards of two billion shares in just a few months, the SEC finally suspended trading on the stock on 8/31/2005. The DTCC has maintained its “Global Freeze”, or suspension of DTC services ever since, due to the unknown, but obviously immense number of counterfeit shares that they cleared through their system. . .
Any advise u can give us on Qtr 2 results?
Like · Reply · 23 mins
Remove
Ed Starrs As I have mentioned, revenue in Q1 was high due to several upfront licensing fees, we do announce all licensees and didn't announce any new ones in Q2. Q2 was about building the organization and fulfilling the Q1 contracts, so I hope expectations aren't too high for Q2 revenue given we didn't announce any new licensees and the ones we have are new.
I hope to see all of you in Tahoe.
Thanks, Ed
Ed Starrs
There's 2.1 in the float assuming all conversion shares have been sold into the market. I think the recent selling is mostly unrelated to the conversion shares.
Like · 1 · 5 minutes ago
LMAO NOT
assuming>? WTF
ask him what he thinks it is related to then?
Continued: Ed Starrs: "There's 2.1 in the float assuming all conversion shares have been sold into the market. I think the recent selling is mostly unrelated to the conversion shares."
"I'll look at this issue more closely and put together a statement on the share structure and our plans for the future"
Q: "Will the P2P app run on Check21 rails? (Asking for someone)"
Ed Starrs: "yes"
Q: "Million dollar question .. right here .. Do u plan on registering with Ca to do buisness it comes up forfeit ? We have employees in cali is it necessary to register with them ?"
Ed Starrs: "If we are not registered, it is an oversight and we will immediately tomorrow, but I believe we already are registered"
$MYEC
That's what i am banking on lol
That's my belief!
Hopefully, debtor is selling! They'll run out sooner! :^)
Holds true 99.9% of time! MYEC is exception! :^)
Thanks, pls inform us duly.
Thanks, i thought it went really well with penny stock investing.
"were all issued free trading"-hence, (present)pps action...
It is my suspicion that third party has already been selling. Many of these creditors in penny land do not stick to the restriction rules as the SEC really doesn't track and enforce it for small fish down here. I'm awaiting an answer back from the SEC to confirm
MODi, thanks for your post.
Gotcha! Btw, like your siggy. Where's that (damn)cat??(lol) ;*)
Here's your California SOS answer. This is what an investor does vs a basher.
It would be Eds 2 B shares but there is clearly a discrepancy between the 2B and the 1.8 B listed on Q1, I'm looking forward to the auditors clearing this all up
Restricted shares
So if all the shares for debt were issued "free trading" and potentially most into the market, what is making up the approx 2B restricted shares?
Thanks
Agreed, I will be happy if it is above 250,000
Sounds like Q2 will be less than 1/2 of Q1 since there were no new licensing fees which are about $200K each. We are not to the point to where transaction fees are going to sustain exponential growth until Q3 & Q4.
I'd be content with $500K in revs according to the info avail.
MYEC
I pray our situation not like this:
The details of the BCIT saga, apparently involving some 1,500 investors, are documented on the “Let BCIT Trade” website. On that site’s “History” page, the following explanation is provided:
“Energy Source History
In the spring of 2005 Energy Source, Inc. (formerly Bancorp International Group, Inc.) was a non-trading Nevada shell corporation with 4,890,000 shares outstanding and 25,000,000 shares authorized, controlled by CEO, Thomas Megas and Secretary Martin Duffy. Mr. Megas had planned to bring the company current with its SEC filings to reverse merge his real estate holdings into the company, and had in fact contracted an accountant to start work on the filings.
Unfortunately for the London, UK based Mr. Megas, Mario Pino usurped control of his non-trading shell corporation in a case of corporate identity fraud. Unbeknownst to Megas, Mr. Pino and accomplice Pamela Thompson ultimately printed two series of counterfeit Bancorp certificates. After fraudulently filing documents at the Nevada Secretary of State to hijack control of the corporation, they flooded the market with 41 counterfeit certificates representing hundreds of millions of shares through their associates and various hired promoters.
The counterfeit Bancorp shares entered the public marketplace without a single eyebrow raised at the Depository Trust and Clearing Corporation, the behemoth private entity responsible for settlement and clearing of all equities. Amazingly, the DTCC cleared hundreds of millions of counterfeit Bancorp shares without discovering that Pamela Thompson, acting as “transfer agent” for Mario Pino had never registered with the SEC as such. In addition, the DTCC never contacted Energy Source’s previous TA, Pacific Stock Transfer, to verify any TA change.
Despite Megas discovering the fraud, and then contacting the SEC, various regulators, and the DTCC, the invalid shares continued to trade for several months on the public markets. In fact the stock continued to trade for several weeks even after the DTC released a “Notice to Participants” suspending all services except custody as of 8/11/2005.
After trading northwards of two billion shares in just a few months, the SEC finally suspended trading on the stock on 8/31/2005. The DTCC has maintained its “Global Freeze”, or suspension of DTC services ever since, due to the unknown, but obviously immense number of counterfeit shares that they cleared through their system. . .
Any advise u can give us on Qtr 2 results?
Like · Reply · 23 mins
Remove
Ed Starrs As I have mentioned, revenue in Q1 was high due to several upfront licensing fees, we do announce all licensees and didn't announce any new ones in Q2. Q2 was about building the organization and fulfilling the Q1 contracts, so I hope expectations aren't too high for Q2 revenue given we didn't announce any new licensees and the ones we have are new.
I hope to see all of you in Tahoe.
Thanks, Ed
Ed Starrs
There's 2.1 in the float assuming all conversion shares have been sold into the market. I think the recent selling is mostly unrelated to the conversion shares.
Like · 1 · 5 minutes ago
LMAO NOT
assuming>? WTF
ask him what he thinks it is related to then?
Continued: Ed Starrs: "There's 2.1 in the float assuming all conversion shares have been sold into the market. I think the recent selling is mostly unrelated to the conversion shares."
"I'll look at this issue more closely and put together a statement on the share structure and our plans for the future"
Q: "Will the P2P app run on Check21 rails? (Asking for someone)"
Ed Starrs: "yes"
Q: "Million dollar question .. right here .. Do u plan on registering with Ca to do buisness it comes up forfeit ? We have employees in cali is it necessary to register with them ?"
Ed Starrs: "If we are not registered, it is an oversight and we will immediately tomorrow, but I believe we already are registered"
$MYEC
That's what i am banking on lol
That's my belief!
Hopefully, debtor is selling! They'll run out sooner! :^)
Holds true 99.9% of time! MYEC is exception! :^)
Thanks, pls inform us duly.
Thanks, i thought it went really well with penny stock investing.
"were all issued free trading"-hence, (present)pps action...
It is my suspicion that third party has already been selling. Many of these creditors in penny land do not stick to the restriction rules as the SEC really doesn't track and enforce it for small fish down here. I'm awaiting an answer back from the SEC to confirm
MODi, thanks for your post.
Gotcha! Btw, like your siggy. Where's that (damn)cat??(lol) ;*)
