MYEC News 08/15/2014 12:21:43 $MYEC
In five years we will be processing for over 10,000 customers IMO and that's putting it lightly
Ed didn't screw up apps. They were developed and tested in June. He clearly communicated that banks were the barrier.
Your statement is a perfect example of following hype (of the basher variety).
Ed has kept people up to date on Facebook.
Read the Disclosure and Financials for Q2 2014.
Like their Facebook page.
Read the FB postings from MYEC/Ed
Follow them on Twitter.
With all that being said, why would the transaction fees be lower in the 2nd quarter by about $1,600.00 at $1,166.00 vs the 1st quarter at $2,782.00.
How do you account for the licensing fees be a NEGATIVE $50,000.00 in the 2nd quarter. It looks like a customer cancelled their contract with MYEC to me!
Hence why EVERYONE is here.
And the majority of revenues generated were from only THREE customers. It's crazy to think about how huge the potential is with MyECheck!
2 mill on the bid
$182,000 in Revs means MyECheck processed a min of $18M in transactions. Assuming all $182K derived from transaction fees of 1% of amount processed.
This is a TRILLION DOLLAR MARKET & we are just getting started.
MYEC
bounce?
Time to come back myec ...... mm jumping back on bid and ask .. let it fly ....
Very well said. Q2 was weaker because they were focused on infrastructural issues and building. Not revenue building. It was done really well too IMO. The apps are admittedly disappointing. Ed kinda screwed up there. I'm sure he regrets that. Hey guess what. He's HUMAN! The first person here incapable of screw ups should go ahead and ride him for it.
I agree....so HIT THAT ASK FOLKS....now is the time ... you can still get some very very cheap...gl
Myecheck will bounce back, there's to much potential here. It sucks to see it drop from so high but if you look at the long-term potential here, you can't go wrong but for now I think flipping this is also a good play.
Thanks very much, people get very excited about hype and not what is actually going on.
The second quarter saw Ed actually creating this company. He made some great sales in the first quarter that generated significant up front fees which contributed to our operating capital. This allowed him to focus on setting up a real business throughout the second quarter. We know he could not be selling as much with his focus elsewhere and this was evidenced due to the lack of PRs. Since this is a legitimate enterprise, we are only seeing real PRs relating to substance. We now have a new sales force. Sales will come as the begin hitting the street.
The bet with Myecheck is if Ed is for real. All the evidence points to the fact this is a serious business.
Looks like the seller stopped for now so the last 3 hours of the day today will be interesting to see if they are done. Look for a nice move higher soon if they are done selling. Looking for a red to green reversal confirmation today to buy more. Break .0107 and then .011 and the bottom is confirmed. Good Luck Everyone!
SGG
$MYEC Buy/Sell 5.7 mill to 34.3 mill and holding .0104 ish = Bottom imo
Monday is slow, yes, but we will still bounce.
Ich kenne Ihre land ziemlich gut und habe viele freude da, meistens nord, um Hannover, Bremen.
We have no way of knowing. It could be that those other billion shares are actually treasury stock or they are held by individuals or businesses in certs. If they have been issued and are not restricted then they are technically free trading, but they weren't "actively" traded at the end of the second quarter.
$MYEC
Member Mark to you! Always appreciate intelligent commentary from people who closely follow, and accurately represent MYEC.
Thanks!
Monday is a very slow day though
p.s Ja im Saarland.
In five years we will be processing for over 10,000 customers IMO and that's putting it lightly
Ed didn't screw up apps. They were developed and tested in June. He clearly communicated that banks were the barrier.
Your statement is a perfect example of following hype (of the basher variety).
Ed has kept people up to date on Facebook.
Read the Disclosure and Financials for Q2 2014.
Like their Facebook page.
Read the FB postings from MYEC/Ed
Follow them on Twitter.
With all that being said, why would the transaction fees be lower in the 2nd quarter by about $1,600.00 at $1,166.00 vs the 1st quarter at $2,782.00.
How do you account for the licensing fees be a NEGATIVE $50,000.00 in the 2nd quarter. It looks like a customer cancelled their contract with MYEC to me!
Hence why EVERYONE is here.
And the majority of revenues generated were from only THREE customers. It's crazy to think about how huge the potential is with MyECheck!
2 mill on the bid
$182,000 in Revs means MyECheck processed a min of $18M in transactions. Assuming all $182K derived from transaction fees of 1% of amount processed.
This is a TRILLION DOLLAR MARKET & we are just getting started.
MYEC
bounce?
Time to come back myec ...... mm jumping back on bid and ask .. let it fly ....
Very well said. Q2 was weaker because they were focused on infrastructural issues and building. Not revenue building. It was done really well too IMO. The apps are admittedly disappointing. Ed kinda screwed up there. I'm sure he regrets that. Hey guess what. He's HUMAN! The first person here incapable of screw ups should go ahead and ride him for it.
I agree....so HIT THAT ASK FOLKS....now is the time ... you can still get some very very cheap...gl
Myecheck will bounce back, there's to much potential here. It sucks to see it drop from so high but if you look at the long-term potential here, you can't go wrong but for now I think flipping this is also a good play.
Thanks very much, people get very excited about hype and not what is actually going on.
The second quarter saw Ed actually creating this company. He made some great sales in the first quarter that generated significant up front fees which contributed to our operating capital. This allowed him to focus on setting up a real business throughout the second quarter. We know he could not be selling as much with his focus elsewhere and this was evidenced due to the lack of PRs. Since this is a legitimate enterprise, we are only seeing real PRs relating to substance. We now have a new sales force. Sales will come as the begin hitting the street.
The bet with Myecheck is if Ed is for real. All the evidence points to the fact this is a serious business.
Looks like the seller stopped for now so the last 3 hours of the day today will be interesting to see if they are done. Look for a nice move higher soon if they are done selling. Looking for a red to green reversal confirmation today to buy more. Break .0107 and then .011 and the bottom is confirmed. Good Luck Everyone!
SGG
$MYEC Buy/Sell 5.7 mill to 34.3 mill and holding .0104 ish = Bottom imo
Monday is slow, yes, but we will still bounce.
Ich kenne Ihre land ziemlich gut und habe viele freude da, meistens nord, um Hannover, Bremen.
We have no way of knowing. It could be that those other billion shares are actually treasury stock or they are held by individuals or businesses in certs. If they have been issued and are not restricted then they are technically free trading, but they weren't "actively" traded at the end of the second quarter.
$MYEC
Member Mark to you! Always appreciate intelligent commentary from people who closely follow, and accurately represent MYEC.
Thanks!
Monday is a very slow day though
p.s Ja im Saarland.
