{"id":4954,"date":"2014-10-23T16:13:55","date_gmt":"2014-10-23T16:13:55","guid":{"rendered":"\/?p=4954"},"modified":"2014-10-23T16:18:32","modified_gmt":"2014-10-23T16:18:32","slug":"myecheck-inc-otcmktsmyec-tries-to-recover","status":"publish","type":"post","link":"\/articles\/myecheck-inc-otcmktsmyec-tries-to-recover\/","title":{"rendered":"MyEcheck Inc (OTCMKTS:MYEC) Tries to Recover"},"content":{"rendered":"\n

After ending its positive streak on Thursday with an 11% drop, on Friday MyEcheck Inc (OTCMKTS:MYEC<\/a>) managed to gain some of it back. The stock recovered 2.29%, while 11.9 million shares changed hands, and it is currently sitting at $0.0358. <\/p>\n

The most recent news on MYEC<\/a> <\/strong>comes from a PR issued on Oct 17, which is the most likely reason behind the positive session. The release disclosed that the company has entered into an agreement with “national coffee vendor”<\/em> by the name of Dad’s Roast Custom Coffee. According to the PR, MYEC<\/a> <\/strong>will provide the vendor with its electronic check services, and if Ed Starrs, MYEC<\/a><\/strong>‘s CEO, is to be trusted, the company has already racked up quite the experience –  “To date, we’ve processed more than 10 million fully electronic checks with not one fraud complaint or refund”.<\/em><\/p>\n

The previous press release from Oct  13, disclosed that MYEC<\/a> <\/strong>has filed a lawsuit against Zipmark, Inc., and Jay Bhattacharya, seeking damages and injunctions for “Breach of Contract and Patent Infringement”.<\/em> We shall have to wait and see whether MYEC<\/a><\/strong>‘s latest PR will affect the stock in the same manner the previous one did, and cause another green streak.<\/p>\n