http://biz.yahoo.com/pz/050712/81547.html
Will keep an eye on it to see if the deal is finalized.
Have not bought any.
Saw the 25 % down day so far and the news.
Anybody know about PYST ?
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
PayStar Announces $5 Million Financing Commitment
LODI, Calif., May 17, 2005 (PRIMEZONE via COMTEX) -- PayStar Corporation (Pink Sheets:PYST), a leading provider of prepaid ATM debit cards and nationwide debit card bank loading centers today announced the signing of a two-year financing commitment with Cornell Capital Partners LP that will provide the Company with up to $5 million in financing. The agreement comprises an equity line of credit and is subject to PayStar returning to the OTCBB and registering the shares with the Securities and Exchange Commission. Cornell Capital is a New Jersey-based domestic hedge-fund.
"We are pleased to have reached an agreement with Cornell Capital on terms beneficial to both parties. This funding commitment provides access to significant working capital necessary to implement PayStar's GLOBALCash division's business plan. The agreement allows us to be in complete control and gives flexibility as to when and how much we wish to draw down," said William D. Yotty, Chairman, President and CEO of PayStar Corporation.
Santa Fe Capital Group, (SFCG) is an investment banking and business advisory services firm, specializing in emerging technology companies. SFCG was retained by PayStar to arrange the funding. SFCG has been serving as advisor to the PayStar executive management team since it played a role as a business consultant in early 2003.
About PayStar
PayStar Corporation (www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products, national bank load center locations and Kiosk marketing and management. PayStar's GLOBALCash, Inc. (www.globalcash.us) distributes prepaid ATM debit and stored value cards that can be used just like regular credit cards. Prepaid ATM debit cards can be used everywhere major credit cards are accepted (stores, restaurants, theaters) and online. PayStar is a partner in a prepaid ATM debit card program for a national government project that will enable millions of underserved and subsidized housing individual's access to prepaid ATM debit cards. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth.
Legal Notice Regarding Forward-Looking Statements: 'Forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected by management. These statements are only predictions and may differ materially from actual future results or events. PayStar disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.
SOURCE: PayStar Corporation
By Staff
CONTACT: PayStar Corporation
B. Thomas
209-339-0486
[email protected](C) 2005 PRIMEZONE, All rights reserved.
-0-
INDUSTRY KEYWORD: Financial Services
SUBJECT CODE: FINANCING
CONTRACTS
Financing Agreements
LODI, Calif, Jul 21, 2005 (PRIMEZONE via COMTEX) -- PayStar InfoStations, Inc. a PayStar Corp. (Pink Sheets:PYST) division, is pleased to announce it has signed a five (5) year joint venture agreement with SMO Multimedia Corp., a subsidiary of Strategic Management & Opportunity Corp. (Pink Sheets:SMPP) to jointly market the EZpix photo kiosk and multiple products and services offered by both parent companies. Terms of the agreement afford for the immediate funding by PayStar to SMO Multimedia for the deployment of its US Military AAFES Photo kiosk project. This contract (announced May 16, 2005 by SMPP.PK) calls for the deployment of 118 of the companies technologically enhanced Photo kiosk units into 115 military installations (www.ezpixkiosk.com). PayStar will receive a fifty-percent (50%) interest in this Military project.
Strategic Mgmt. and PayStar's kiosk division have begun marketing each others technologies into their current customer bases. Ongoing Photo kiosk shipments now exceeded 16 deployments all across the country in both US Army Forts and Air Force Bases. The entire 118 photo kiosk deployment is anticipated to be completed within the next 60 days.
Each photo kiosk has anticipated Media (digital photo processing and specialty items, such as photo cups and T-shirts) revenues after market acceptance of approximately $4,000.00 per month. Additional revenues are made available by SMOC's innovative 17" LCD kiosk display header, which advertising agencies currently in negotiations with the JV partners have valued at over $1,000.00 per month in recurring ad revenue. That amounts to a healthy return on investment and when viewed within the five (5) year AAFES agreement perspective, results in a project forecast of potential revenues exceeding $35,000,000.00.
"As I have stated before, Strategic Management has clearly proven their best-of-breed technologies in the Digital Photo kiosk space with the award of this AAFES Military contract," commented W. D. Yotty, Chairman and CEO of PayStar. Mr. Yotty continued, "PayStar and SMOC's JV agreement has already resulted in identifying over 300 additional EZpix photo kiosk retail vending deployments in North America, all coming right behind this AAFES roll-out."
About PayStar
PayStar Corporation (www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products, Kiosk marketing and management. PayStar's GLOBALCash, Inc. (www.globalcash.us) distributes prepaid ATM debit and stored value cards that can be used just like regular credit cards. Prepaid ATM debit cards can be used everywhere major credit cards are accepted (stores, restaurants, theaters) and online. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth.
Legal Notice Regarding Forward-Looking Statements: 'Forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected by management. These statements are only predictions and may differ materially from actual future results or events. PayStar disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.
SOURCE: PayStar Corporation
By Staff
CONTACT: PayStar Corporation
B. Thomas
209-339-0483
[email protected](C) 2005 PRIMEZONE, All rights reserved.
-0-
INDUSTRY KEYWORD: Financial Services
SUBJECT CODE: JOINT VENTURE
PHOTOGRAPHY
MILITARY
Joint Venture
Product Services Announcement
Hey ftg...sorry about the new PYST thread as I didn't see yours. I can tell you that I have heard that more news is supposed to be hitting next week. This stock has been on the reg SHO list since 7/18/05 so I think we are still dealing with a fairly large short position. It started getting hammered back in the Fall and has never recovered. Management is inking deals left and right so I don't expect these sub-penny levels to be around much longer. Short term resistance is @ .0022 and once that hurdle is complete we should be clear until around .0042. If we can get a continuation of the solid news releases I believe pennyland will come our way. As always JMHO... ;D ;D
Good Luck.... :D :D
Not a big deal. Goal is to all make money.
Been thinking that we may have a shot here.
Will begin buying tomorrow. Wonder if it will drop below .001 ?
Your comments are appreciated. Let's figure out a plan together.
Will be monitoring tomorrow.
Someone please tell me if we are missing something here.
Cannot get financials ?
-Jeff-
Just send Ramsburgh a message and ask him to merge the threads.
It's on my list too. Has it bottomed yet ?
.0005 is 52 week low.
Will watch for entry.
The MM are messing around with the bid-ask and making a nice spread.
Quote from: fill_the_gap on July 22, 2005, 06:58:28 AM
.0005 is 52 week low.
Will watch for entry.
The MM are messing around with the bid-ask and making a nice spread.
I was thinking more bottom for the present run, but bill be watching too for an entry point.
Good morning texan...support is @ .001. on this current run. It needs to break .0024 (new resistance). I will continue to buy at these levels.
I have limit orders on the .001 range.
No fills.
Will jump in with some movement.
The MM want this down so I am looking for a better price. Each move down mean a large % when you talk .0016.
-Jeff- 8)
Solid volume towards the close today. Smart money is loading up for a big week ahead. :o
I picked up some shares .0016.
If this ever moved back up, it would be amazing profits.
I like my chances with what information is found on PYST.
Will look to buy more Monday.
-Jeff-
Well the word is still more news to come. The pps is way to low imo and a good reason is because PYST is still on the reg SHO list. Next week should be interesting.
http://www.nasdaqtrader.com/aspx/regsho.aspx
Looking for a strong week when we leave the reg SHO list. The catalyst will be a continuation of strong news releases.
Everyone have a great day! ;D
Watching closely for entry. Has dropped to .0013
Added .0015.
Do not want to miss the future run on PYST.
Me too. I am also in at .0015.
.0013 limit filled.
Last buy until I see the chart change. Tucking away for the future.
Continued good volume, but can't reverse the downtrend. Perhaps we haven't found the bottom yet for the current run.
texan...sure seems like mmm to me. I am scooping up as many as I can get down here. More news is imminent imo and a run will come. ;D
I think that was as low as she is going to go. Looking for an upward trend to start now. :o
PYST starting to heat up....0015x.0016 and climbing higher.... ;D ;D
Hope some got more cheapies this AM.
Quote from: drugtester on July 26, 2005, 12:25:18 PM
PYST starting to heat up....0015x.0016 and climbing higher.... ;D ;D
Hope some got more cheapies this AM.
Nice call. Continuing to climb.
hey texan...would really like to see us bust through new resistance of .0019. Then we can work on heading to .003. ;D
My orders always take forever to fill. They sit while it trades both much higher and sometimes much lower than the order.
I will not be surprised if it heads back to .0006 range before moving up.
News did not help it before. Not sure I am willing to wait around.
We will see. I am being cautious here from the bid-ask spread being such a gap.
-Jeff-
ftg......0006????..dude are you smoking crack?...lol..Seriously where do you get that number? We were up 23% today on good volume and you are saying .0006...
Today was a solid day...volume often precedes price so we are sitting pretty right now imo.
All we need is some solid news and this one goes blue sky!
First of all, I have not reason for bashing a stock on a thread that I started. ???
I hope it goes up. But my sell orders would not fill even at .00012 when the last was .0018 ?
That is something that I never like. The MM would change all around whenever I would put up the shares.
But you asked why I feel the way I do about PYST.
Look at the overall chart. Go back for several months,
It also hit .0011 today. The fact my orders sat all day is not good. And the giant spread is not good for trading the volume I trade.
My opinion is that it will go back into the quadruple 0's before moving up.
The share volume was not that great being that 20% of the shares traded were my sell orders ! And the volume versus the price was not that much money.
If news of being set for 35 million or more did not move it, it is going to take hard numbers.
The numbers will not be here for awhile. Shorts and MM know this. They will play games with pressing it down until solid numbers are released. They have time and know that it will take alot of buying pressure to let it go up again.
It was down to .0005 and then moved up. My opinion is that there was some covering due to news coming. The news did not entice alot of buying pressure, so down we go again.
Just an opinion. Hope you make alot. I will watch from the sidelines.
When it seems so obvious to buy, it is ironic that it trades at this level.
Something is wrong here and it is going to be pushed down further before moving up.
Fighting the trend has never worked for me. You asked my reasoning. Hopefully for you I am wrong.
ftg..I never said you were bashing, so are you feeling guilty?...lol
You sure did have a quick change of heart on this one, but everyone has their own way of trading.
Best of luck to you and I am sure I will see you around. ;D
I will watch closely.
But been in these many times before.
It will ultimately go up.
But just think there will be opportunities in the quad 0's.
Unless something is released, it may stay down.
Because that last PR with the outlook and revenue forecast did not do anything.
And I was willing to see if that may move it.
Now, I may be wrong and will jump right back in.
The beauty of this board is differing opinions.
I am with you, Drug, this should spike higher.
Someone is holding it down. For how long is the question.
See you again here in the future.
Looking for another rise in the pps today. Breaking .0019 resistance will be a good start. It would be great to be in the .002's before the news hits. ;D
Still looking good this AM. Volume will come soon enough. If you can get as many as the mms will let you have under .002. ;D
Quote from: drugtester on July 27, 2005, 12:54:59 PM
Still looking good this AM. Volume will come soon enough. If you can get as many as the mms will let you have under .002. ;D
Not looking that strong. Still down for the day.
texan..I have been watching this close all and it is nothing but mmm.They have been shaking out weak hands for the past two days. Like I said at the beginning of this week we are going much much higher. Just sit tight and get ready for some fun.
I have a great feeling about today. After yesterday's trading pattern it is very evident to me that the large short position is trying to recover as many shares as they can at the cheapest price.
I bet we have a great day! ;D
Quote from: drugtester on July 28, 2005, 09:41:05 AM
I have a great feeling about today. After yesterday's trading pattern it is very evident to me that the large short position is trying to recover as many shares as they can at the cheapest price.
I bet we have a great day! ;D
Where do you see that ? I welcome your exuberance about the stock, but don't see many facts to back up your statements. As another holder of shares, would welcome more specifics (or posted chart references) to your speculative statements. As it stands, stock has opened down again.
texan...For one we continue to be on the reg SHO list so we know that there is a shortage of shares per NASDAQ. The other factor is more of "trust me when I say I know what I am seeing"....lol...in all seriousness from what I have been seeing on level II over the past few days I feel very confident that the makers are doing their best to suppress the price as much as possible. It is so obvious at times...we will have several nice blocks of trades at the ask and then one small trade will go through at the bid and they collapse the pps down which then induces some additional trading at the bid.
Obviously I really do not know for sure that my perceptions are correct, but I have seen this scenario played out several times before right before a big run so I guess we will just have to wait and see. ;D
Drugster, How does the .0011 play into your plan?
Quote from: puenthouse on July 28, 2005, 10:30:34 PM
Drugster, How does the .0011 play into your plan?
I agree. I am not seeing anything positive in this chart;
Well the news I expected to see this week didn't happen. No big deal as I know more is coming, but what it did allow was the makers to cheat as many people as possible out of their shares. If anyone watched level II the past few days it was very obvious what was going on. I know of a few people who got scared today and sold into the total manipulation. Until the company puts out some solid news the shorts will not cover and the weak will continue to fold. I don't blame the makers for doing what they are doing. Yes it is illegal, but they are making an absolute killing and they know no one will do jack chit about it.
The only thing the reg SHO list does is advertise the fact that the makers are doing it.
In this case I am betting that the company will come through and induce their removal on the reg SHO list. .001 was hit and it held firm.
Here is to news next week and a solid climb. ;D
Have a good weekend.
Clearly someone agrees with you, as the volume traded has gone up substantially the last week or two. Just no follow thru.
PYST...after hours news... Still expecting much more here as this is really nothing new, but a clarification.
http://biz.yahoo.com/pz/050729/82989.html
Press Release Source: PayStar Corporation
PayStar Corporation Issues Clarification On JV Agreement
Friday July 29, 4:31 pm ET
LODI, Calif., July 29, 2005 (PRIMEZONE) -- PayStar Corp (Other OTC:PYST.PK - News) wishes to clarify previously issued press releases relating to the JV Agreement between PayStar and SMO Multimedia, a wholly owned subsidiary of Strategic Management & Opportunity Corp (Other OTC:SMPP.PK - News).
PayStar has determined that the projected forecasted revenues in the previous press releases were derived from information from industry sources which is thought to be reliable but cannot be confirmed. Additionally, actual results from the EZPIX Photo Kiosks deployed by SMO Media prior to the AAFES contract have not been generating $4,000 in monthly photo revenue but were deployed in significantly less desirable locations. The JV Partners recognized from the anecdotal evidence available, that photo sales at the military locations should significantly exceed the revenues attained at pre-AAFES locations.
Additionally, the JV Partners are providing advertising and additional photo processing options in this new rollout. The additional revenue sources are expected to exceed the revenues projected in the July 12th release of $24 million in photo sales. The variation in projected revenues indicated in the two previous press releases is a result of the additional sale of advertising on the unique LCD header attached to all AAFES locations. When this increased Ad revenue is added to the photo and other media specialty sales income, the combined revenues are anticipated to reach up to $35 million in total for all revenue streams.
About PayStar
PayStar Corporation (http://www.paystar.com) provides its distributors and clients with a suite of prepaid, stored value products, Kiosk marketing and management. PayStar's GLOBALCash, Inc. (http://www.globalcash.us) distributes prepaid ATM debit and stored value cards that can be used just like regular credit cards. Prepaid ATM debit cards can be used everywhere major credit cards are accepted (stores, restaurants, theaters) and online. PayStar's corporate and distributor sales, as well as mergers and acquisitions, will continue to drive growth.
Legal Notice Regarding Forward-Looking Statements: 'Forward-looking statements' as defined in the Private Securities Litigation Reform Act of 1995 may be included in this news release. These statements relate to future events or our future financial performance. Forward-looking statements represent management's best judgment as to what may occur in the future, but are subject to certain risks and uncertainties that could cause actual results and events to differ materially from those presently anticipated or projected by management. These statements are only predictions and may differ materially from actual future results or events. PayStar disclaims any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments or otherwise. There are important risk factors that could cause actual results to differ from those contained in forward-looking statements, including, but not limited to risks associated with changes in general economic and business conditions (including in the information technology and financial information industry), actions of our competitors, the extent to which we are able to develop new services and markets for our services, the time and expense involved in such development activities, the level of demand and market acceptance of our services, changes in our business strategies.
Contact:
PayStar Corporation
B. Thomas
209-339-0483
[email protected]--------------------------------------------------------------------------------
Source: PayStar Corporation
Well I was glad to see management did put some news out after hours on Friday, but the timing and content were lacking. Hopefully it was done to set up several additional news releases for the coming weeks. The one and only way for the pps to rise will be for the company to continue to demonstrate it will be a profitable entity. Then the shorts will have to cover and the suppression of the stock will cease. ;D
Drugtester, Any more news ? Looks like it finally has bottomed, and is attracting volume.
Still awaiting the news to move this higher. Strong volume continues.
Up 100% today. Anybody know why? Anybody still in this?
Hi Falcon64,
Must have due to the news that came out after close on Friday.
2005-10-14 17:23:34
PayStar Terminates Processing of Equity Financing Line LODI, Calif., Oct. 14, 2005 (PRIMEZONE) -- PayStar Corporation (Pink
Sheets:PYST) announces that it has cancelled its pending $5 million equity line
from Cornell Capital Funding. The Equity Line with its Credit terms and
conditions were deemed to be unacceptable at this time and the Agreement has
been cancelled.
CONTACT: PayStar Corporation
B. Thomas
(209) 339-0486
[email protected]
Thank God ;D ;D
I was in on this bad boy at .0017 then bought more at .0009 and when it went to .0006 i just made up my mind to go down with the ship. There was no way i was going to sell for a 70% loss and find out one day this baby came up. it was only a matter of time. So now do i get my wish and sell off with a 10%? I will sell most and keep a little for the ride. This has been PAINFULL :'(
Up 33% today
137 million shares traded, up 66% eod