Post by
spstocks on Feb 02, 2015 10:39am
MYEC: Renewed trust inspite of delays
After the recent Q&A, there has been a renewed trust in investors as 3 million sold in the first 1 hour at above the friday's closing price. Firday's sell off was expected act of investors having beaten again. Plus, the other things are expected to come to table has not come too. Several factors caused for this huge sell off. However, it recovered in a nice way afterwards towards the end of the regular trading hours suggesting that investors took time to understand the SeerGate buy as an advantage to it.
Jim Fancher's old company has been bought which is a good move but its a late move. However, MYEC has to prove that its not too late move to sustain in the payment industry. Ed can not explain another delay which may prove to be a big disaster not only investors but the partners may also be shattered. Wether its worthy to buy SeerGate or not time will tell. For now, it seems to be worthy software platform for MYEC. Although, i still feel that MYEC would have released its first cut version of apps to step into market first while integrating and bringing out more features through SeerGate in next version. This would have stabilized the PPS and business would have started generating some money to sustain. But i am not sure what happened behind the doors. So, will wait for this time.
Investors are still struggling to settle down and few good things may turn around the situation entirely and the PPS may skyrocket again. Hopefully, this will happen soon 'in weeks'.
Good luck to all.