Book value is pointless with any business. Compare Apples book value to its market cap...
Why is Q2 Disclosure not stickied? but yet that bogus formula is?
Pick this apart "New Growth More recently, an increasing number of banks and other financial institutions are taking advantage of Check 21 processes, making MyEcheck an ever more attractive option for them. With the gradual improvement of the economy, MyEcheck has since the second quarter of 2013 once again resumed continued revenue growth.
In 2014, the U.S. Government modified the Check 21 legislation to explicitly permit wholly digital check-based transactions. Financial institutions did not appreciate the opportunity to provide completely paperless transactions. Believing the changes to the Act will stimulate demand, the Company hired additional consultants and staff to expand operations in 2014."
Would have loved to been in those shoes. Are you going to the AGM?
Agree. As I said on Thursday night anything you want to know about this company is included in the disclosure. I will also say that whoever receive all those shares in exchange for debt made a killing. They got those shares at .00001.
MYEC Investors....If you have not read the complete Q2 2014 Disclosure Statement I recommend you do. I think it is important that you know the inside and out of this company before you attend the AGM. They have done a wonderful job covering many areas of our future.
I also understand why they have brought in some of these smaller companies for future use. There are areas that MYEC will need to crossover to cover areas not covered by MYEC. Ed and team are on top of this, they will and have ran into snags and will have to eat crow when someone like (ACH) sets up roadblocks, but I have all the faith in the world they will successfully clear all hurdles they are faced with.
One of the hold ups on the APS I believe is finishing the proper paperwork on GreenPay. I think there is a connection that MYEC needs to have in place to cover parts of the Apps that requires this part of the company, besides a part with the bank. GLTA
Modifiedz - Please stickey Post 161650 - THANKS!
It provides accurate and insightful information that is beneficial to all shareholders. If you need space, please remove the inaccurate "formula" for book price.
Disclosure Statement Q2 2014
http://www.otcmarkets.com/otciq/ajax/showFina...?id=124843
Tuesday looks like our day at the conf:
Tuesday- The Financial Mobility Summit
The Real Mobile Wallet:
Wireless and the Prepaid Mobile Wallet:
The Mobile Bank Account:
When Gift Cards Make the Mobile Wallet
Mobile Payments Meet Verticals:
Stopping Mobile Payment Fraud in its Tracks
I wonder if that's what allowed MYEC 3.0? Because last year they still needed a bank partner to provide services... and at least around the BoK PR.
Lotsa little nuggets in there
Thanks... went right over my head. Ha.
There are some key points in the disclosure that apparently are italicized to indicate significance IMHO. This is one of them.
Page 12 under "New Growth."
http://www.otcmarkets.com/otciq/ajax/showFina...?id=124843
That is a fact! Very nice!
Nice... where did you get that?
Key point: In 2014, the U.S. Government modified Check 21 legislation to explicitly permit wholly digital check-based transactions.
Then why is it a sticky now...?
Don't forget about IBM who has referenced Ed's patent before, and who is now a partner of Apple Inc