{"id":5109,"date":"2014-11-07T12:15:03","date_gmt":"2014-11-07T12:15:03","guid":{"rendered":"\/?p=5109"},"modified":"2014-11-07T12:15:08","modified_gmt":"2014-11-07T12:15:08","slug":"myecheck-inc-otcmktsmyec-continues-to-shrink","status":"publish","type":"post","link":"\/articles\/myecheck-inc-otcmktsmyec-continues-to-shrink\/","title":{"rendered":"MyEcheck Inc (OTCMKTS:MYEC) Continues to Shrink"},"content":{"rendered":"\n

After ending last week stuck at $0.034 for two consecutive sessions, MyEcheck Inc (OTCMKTS:MYEC<\/a>) started this one by obliterating almost 16% of its market price. By the time of yesterday’s closing bell MYEC<\/a> <\/strong>was down 5.84% on a volume of 9.4 million shares. The stock is currently sitting at $0.029. <\/p>\n

The most recent news on the company comes from several press releases issued this past week. The latest one was issued yesterday, and it disclosed that MYEC<\/a><\/strong>‘s subsidiary GreenPay LLC has signed an agreement with Maverick Bankcard, Inc. The agreement will allow Maverick to sell GreenPay “products and services<\/em>”, and will also allow “for co-branding and co-marketing of the MJ-Pay system as<\/em> MeverickPay”.<\/p>\n

We have talked about MYEC<\/a><\/strong>‘s MJ-Pay app in many of our articles on the company. The app’s launch was announced on Aug 14 in the Disclosure Statement of the company’s latest quarterly report. The company stated that after its launch in “mid-2014<\/em>” the app will be available on Android Play and iTunes, but it was nowhere to be found. After over a month of waiting for news on the matter, MYEC<\/a> <\/strong>finally issued a PR on Sept 22, which announced that the app hadn’t been launched and that the hold-up was due to “a service partner delay<\/em>”. Now, the app is expected to come out in “January 2015”.<\/em><\/p>\n