Sign Up | Log In | What is SocialPicks?

10 pts

Opinion on MyECheck Inc. (MYEC)
Cash-starved payment processor

Oct 08, 2008 08:58 PM GMT

Walter Thatcher

Return	Risk
+5.88%	HIGH

Sr. Associate

Profile & Performance

Subscribe to author

These guys are a money-losing microcap company in the payment processing business. They bill themselves as an alternative to the ACH system. Liabilities dwarf assets on the balance sheet. In fact stockholder's equity is negative. The company is cashflow negative. They have gone hat in hand to two private investors to do a PIPE. So far, they haven't come through with all the money.

MYEC: This call was made on 10/08/08 @ $1.05

Rating:	$1.05 (10/08/08)
Closed:	10/21/2008 @ $3.0 (-185.71% in 13 days)
Target:	$0.50 (-52.38%) in > one year

Comments (1)

Add Comment

ozipek

N/A

1 point commented 797 days ago reply

Your Comment

ROCK-STAR INVESTORS

Rank	Name	Sharpe Ratio	Avg Return	Followers
1	noshoes	21.10	+32.13%	538
2	Gerald Greene	18.14	+6.82%	289
3	stockmarketfunding.com	17.66	+22.47%	85
4	akiralegrand	13.47	+13.86%	71
5	anup2104	12.13	+175.56%	106

... more »

POPULAR STOCKS

Symbol	Company Name	Sentiment
NOK	Nokia Corp
T	AT&T Inc
MO	Altria Group Inc
AMZN	Amazoncom Inc
SIRI	Sirius Satellite Radio Inc
V	Visa Inc

... more »

TODAY'S HEADLINES

LDK Solar's Growth Potential Offset by Gross Margin Pressure
by Paul Cheung (Zacks.com) about LDK

Cisco Systems Still a Wait and See
by Thomas Catino (Ant & Sons) about CSCO

The Merrill Lynch Diet: Starving Shareholders
by Zack Miller (BloggingStocks) about MER

Google Blows Q2: Multiple Compression to Continue
by Henry Blodget about GOOG

Stop Waiting for the Crash; Use a Regular Investment Plan
by Dan Caplinger (Fool.com) about SPY DJI

... more »

TODAY'S TOP PICKS

BAS		Basic Energy Services, Inc. - Value Alert by Wax Ink
PHG		Koninklijke Philips N.V. - Value Alert by Wax Ink
KNL		Knoll, Inc. - Value Alert by Wax Ink
JAZZ		Jazz Pharmaceuticals Inc. (JAZZ) Over +10000% in 30 month - take ... by Yannis Maarten
ORCL		Oracle Corp (ORCL) - Problems with Java don´t take an end $ 28 pos... by Yannis Maarten

... more »

MyECheck Inc. (MYEC)

SocialPicks Sentiment: N/A

This Quarter's Sentiment:

All:

100.0%

Top:

50.0%

Get Daily Email Alerts

Subscribe to Walter Thatcher

Receive Free Ideas Daily for This Sector

Latest Picks by Walter Thatcher

Symbol	SP Sentiment	Return	Since
MAXY		-61.98%	10/12/09
PFBI	N/A	+75.07%	09/23/09
SKBI	N/A	-90.12%	08/24/09
SWHC		+60.60%	04/02/09
CSH		+34.11%	10/31/08

View All >

IN THE PRESS

None of the information contained on SocialPicks.com constitutes a recommendation by SocialPicks or its users that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. SocialPicks is not responsible for the posts, discussions, and recommendations of the users on the Site. SocialPicks does not provide investment advice. You must make your own independent decisions regarding any security, portfolio of securities, transaction, or investment strategy mentioned on the website. SocialPicks' users' past results are not necessarily indicative of future performance. Neither SocialPicks nor any of its users guarantees any specific outcome or profit, and you should be aware of the real risk of loss in following any strategy or investments discussed on the website. You understand and agree that you use the Site and Services at your own discretion and risk and that you will be solely responsible for any damages that arise from such use. Before acting on any information contained on the website, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

Opinion on MyECheck Inc. (MYEC) Cash-starved payment processor

Opinion on MyECheck Inc. (MYEC)
Cash-starved payment processor