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2 more job openings at PMTS - Software Engineering Manager
CPI Card Group Nashville, TN 37219 USA
Employment TypeFull-Time
Last online 22 hours ago
Why Work Here?
“Fantastic benefits, team focused enviroment”
I have seen so many job openings at PMTS, it's as if everyone is leaving the company while they can before it fails.
PMTS seems to be replacing everyone.
SUMMARY:
CPI Card Group requires an experienced Development Manager, with extensive C#, .Net and MS SQL knowledge and a real interest in continuing to code while developing a team.
The Software Engineering Manager:
• Leads and directs a team of developers who are responsible for the Personalization Business Unit software platforms development and core application support
• Allocates development team resources and sets delivery schedules to meet requirements.
• Provides technical support and direction for team members to control the development process.
• Familiar with a variety of the field's concepts, practices, and procedures.
• Relies on extensive experience and judgment to plan and accomplish goals.
• Liaise with Personalization Business Unit Leaders to ensure effective support and communication within the Personalization facilities.
DUTIES AND RESPONSIBILITIES:
1. Drive Development team activities while working with product managers, architects, business partners and stakeholders to understand and help build short term and long term team goals and objectives.
2. Work with Team members to build automation into new and existing service offerings
3. Understand how to automate builds for developer environments from development through production within a Continuous Delivery model
4. Develop web and desktop applications for internal business and external customer use according to technical specifications.
5. Ensure all development projects and applications are fully documented, meet high level design requirements (e.g. data, customer experience, architecture, security, quality & operations), as well as regulatory & industry standards, so projects are fit for purpose upon leaving testing & transitioning to production.
6. Ensure all new development goes through an appropriate testing process and have solid release plans for hand-over to live operations.
7. Proactively keep abreast of industry developments, skills and technologies and share information, ideas, and best practice with other development team members and departments to improve skills and avoid single points of failure.
8. Provide input into the design of software systems, offering advice and thoughts and providing feedback from conception through to implementation.
9. Estimate the time and resources required to complete projects of all levels and are responsible for delivering projects on time and on budget.
10. Provide a support mechanism for Personalization development and production platforms including analysis, issue tracking and resolution.
JOB REQUIREMENTS:
1. Requires a bachelor's degree and/or minimum 5 years’ experience leading a Software Develop team.
2. More than 7 years’ experience of development within challenging and changeable environments comprising diverse technologies and a cost aware culture.
3. Excellent working knowledge of Microsoft .NET technologies, C#, MS SQL Server, Java, Python, CSS and Web technologies.
4. Strong attention to detail.
5. Capable of reasoning and thinking through problems and be able to independently and jointly develop desired solutions.
6. Strong problem solving and analytical skills with the ability to clearly communicate and share solutions with fellow team members.
7. Ability to understand business requirements and provide creative technical solutions that work within the technical boundaries.
8. Experience with the full software development life cycle, including design, testing, deployment, support and documentation activities.
9. Excellent written and verbal communication and presentation skills.
10. Experience of working within an Agile software development environment.
11. Strong understanding of network and client/server application interactions.
12. A solid background in maintaining & developing applications from conception to implementation
13. A good understanding of Test Driven development and automated acceptance testing.
14. A good understanding of working with Object Relational Mapping, OO analysis and OO Design.
CPI Card Group
About CPI Card Group:
CPI Card Group is a leading provider in payment card production and related services, offering a single source for credit, debit and prepaid debit cards including EMV chip, personalization, instant issuance, fulfillment and mobile payment services. With more than 20 years of experience in the payments market and as a trusted partner to financial institutions, CPI's solid reputation of product consistency, quality and outstanding customer service supports our position as a leader in the market.
Company website: http://www.cpicardgroup.com
Posted date: 21 hours ago
View all Jobs at CPI Card Group
Embossing Operator 2nd shift
CPI Card Group Nashville, TN 37219 USA
Employment TypeFull-Time
Last online 22 hours ago
Why Work Here?
“Fantastic benefits, team focused enviroment”
Company Overview / Position Summary:
Come be a part of CPI Card Group, the principal provider in payment card production and related services. The embossing operator is responsible for accurately processing and verifying customer orders. This includes set-up, operation, and quality checking printed and packaged materials. The schedule is Monday through Friday 3 PM - 11:30 PM and the pay rate is $12.50 to start.
Duties and Responsibilities
Set-Up, Operate, and Quality check printing and packaging machines.
Maintaining stock to operate at full capacity.
Utitlize reading, writing, and math skills to meet designated produciton standards.
Preferred Skills
Basic computer skills including Excel, Word, and 10 Key.
Excellent mechanical aptitude and strong troubleshooting skills
Printing or graphics experience
Manufacturing experience with a strong technology base
Ability to lift 20-45lbs throughout shift
Read, write, and communicate efficiently in English for quality and safety standards
What we have to Offer:
Competitive pay rates with shift differentials, growth and advancement opportunities
Solid benefits package including Medical, Dental, Vision, Long Term Disability, Short Term Disability, Life Insurance, Accident Insurance, Critical Illness Insurance, FSA, HSA, Vacation and Holiday Pay, Tuition Reimbursement and 401K with a competitive company match percentage.
CPI Card Group
About CPI Card Group:
CPI Card Group is a leading provider in payment card production and related services, offering a single source for credit, debit and prepaid debit cards including EMV chip, personalization, instant issuance, fulfillment and mobile payment services. With more than 20 years of experience in the payments market and as a trusted partner to financial institutions, CPI's solid reputation of product consistency, quality and outstanding customer service supports our position as a leader in the market.
Company website: http://www.cpicardgroup.com
Posted date: 21 hours ago
View all Jobs at CPI Card Group
There was more institutional ownership before they suspended the dividend.
I think the institutions will be abandoning PMTS.
At some point you would think there would be insider buying from the board. It might not stem the tide though.
They can't all believe PMTS is going "under".
Still, the inertia here is only going in one direction.
When the 13F's come out there might be a bunch more like this:
IFP ADVISORS, INC ... 12/31/2017 ... 0 ... (100) ... Sold Out
SG AMERICAS SECURITIES, LLC ... 12/31/2017 ... 0 ... (3,681) ... Sold Out
If it goes under a buck in that short of a period that would be a big dump imo.
I am very glad I took my few dollar loss before the R/S.
I would like to make it back in PMTS though. I hate losing.
If it goes under $1 I think it will be worth buying and holding at least until they hire this person:
Director of Sales
CPI Card Group Nashville, TN USA
Employment Type Full-Time
Why Work Here?
“Fantastic benefits, team focused enviroment”
Responsible to manage Direct Sales and Channel/Reseller Sales within the Card @ Once business. Accountable for driving new sales and revenue associated with C@O as well as Perso and Manufacturing Sales across Small and Medium Issuer customers and prospects. Ensures consistent and profitable revenue growth through positive planning, deployment and management of sales personnel. Identifies objectives, strategies and action plans to improve short- and long-term sales and earnings.
Job Responsibilities:
• Report to General Manager C@O
• Develop and drive sales and acquisition strategy for C@O, Perso, and manufacturing sales across the business
• Collaborates with General Management across all business lines to drive revenue growth and customer acquisition in the Small/Medium Issuer space.
• Forecasting and projecting expected sales volume and profit for across the business in conjunction with assigned quotas and goals.
• Implement sales programs by developing field sales action plans.
• Maintains sales volume, product mix, and selling price by keeping current with supply and demand, changing trends, economic indicators, and competitors.
• Confirms selling prices focusing on high value not low cost provider by monitoring costs, competition, and supply and demand.
• Maintain sales staff by recruiting, selecting, orienting, and training employees.
• Maintain sales staff job results by counseling and disciplining employees; planning, monitoring, and appraising job results.
• Contribute to team effort by accomplishing related results as needed.
• Establish and manage effective programs to compensate sales personnel.
• Perform sales activities on major accounts and negotiate sales price and discounts in consultation with GMs and Pricing Control Team
• Review progress of sales roles and provide timely results assessments of sales staff’s productivity.
• Accurately forecast annual, quarterly and monthly revenue streams.
• Develops specific plans to ensure revenue growth in all company’s products.
• Collaborate with GMs to develop sales strategies to improve market share in all product lines.
• Interpret short- and long-term effects on sales strategies in operating profit.
• Educate sales team by establishing programs/seminars in the areas of new account sales and growth, sales of emerging products and multi-product sales, profitability, improved presentation strategies, competitive strategies, proper use and level of sales support, management of expenses and business/financial issues on contracts.
Qualifications:
• A degree in marketing or business studies is preferred; and a minimum of ten years of related experience or training in SAAS solutions, card manufacturing, personalization, rewards and incentive government and payroll sector; or the equivalent combination of formal education and experience.
• Proven experience in managing sales teams.
• Proven skills in Meeting Sales Goals, Negotiation, Selling to Customer Needs, Motivation for Sales, Sales Planning, Building Relationships, Coaching, Managing Processes, Market Knowledge, Developing Budgets and Staffing.
• Problem-solving and analytical skills to interpret sales performance and market trend information.
• Proven ability to motivate and lead the sales team.
• Experience in developing marketing and sales strategies.
• Excellent oral and written communication skills, plus a good working knowledge of Microsoft Office.
• Travel: 50% of the time expected.
CPI Card Group
About CPI Card Group:
CPI Card Group is a leading provider in payment card production and related services, offering a single source for credit, debit and prepaid debit cards including EMV chip, personalization, instant issuance, fulfillment and mobile payment services. With more than 20 years of experience in the payments market and as a trusted partner to financial institutions, CPI's solid reputation of product consistency, quality and outstanding customer service supports our position as a leader in the market.
Company website: http://www.cpicardgroup.com
Posted date: yesterday
View all Jobs at CPI Card Group
Still watching. Under a buck would be a gift imo.
Not yet ... Price ... $2.79 ... Day's Change ... -0.16 (-5.42%)
Day's High
2.91
Day's Low
2.79
Volume(Heavy Day)
49,724
January 30, 2018 2:23pm ET
WOW, PMTS might go under $2.50 this week.
One more bad Q and it might go under $1.
Buying it then might be a coup.
Now I am thinking the CEO change was preemptively "out-with-the-disaster" and then a "steady caretaker" replacement until a new direction could be found.
Following the management carousel here may lead to knowing when to reopen a position.
The Sales opening is huge.
Could be FUN. Still watching this. When they fill the spot it should be out with-in a short period of time following it.
Maybe the turnaround plan comes from this hire? It might not be created it until this person gets hired.
It would be very interesting to learn exactly the day the hire is made. It could be the "right" day to reopen a position.
PMTS has been filling lots of Job Openings. This one seems really critical to any turnaround strategy.
Director of Sales
CPI Card Group Nashville, TN USA
Employment TypeFull-Time
Last online 1 day ago
Why Work Here?
“Fantastic benefits, team focused enviroment”
Responsible to manage Direct Sales and Channel/Reseller Sales within the Card @ Once business. Accountable for driving new sales and revenue associated with C@O as well as Perso and Manufacturing Sales across Small and Medium Issuer customers and prospects. Ensures consistent and profitable revenue growth through positive planning, deployment and management of sales personnel. Identifies objectives, strategies and action plans to improve short- and long-term sales and earnings.
Job Responsibilities:
• Report to General Manager C@O
• Develop and drive sales and acquisition strategy for C@O, Perso, and manufacturing sales across the business
• Collaborates with General Management across all business lines to drive revenue growth and customer acquisition in the Small/Medium Issuer space.
• Forecasting and projecting expected sales volume and profit for across the business in conjunction with assigned quotas and goals.
• Implement sales programs by developing field sales action plans.
• Maintains sales volume, product mix, and selling price by keeping current with supply and demand, changing trends, economic indicators, and competitors.
• Confirms selling prices focusing on high value not low cost provider by monitoring costs, competition, and supply and demand.
• Maintain sales staff by recruiting, selecting, orienting, and training employees.
• Maintain sales staff job results by counseling and disciplining employees; planning, monitoring, and appraising job results.
• Contribute to team effort by accomplishing related results as needed.
• Establish and manage effective programs to compensate sales personnel.
• Perform sales activities on major accounts and negotiate sales price and discounts in consultation with GMs and Pricing Control Team
• Review progress of sales roles and provide timely results assessments of sales staff’s productivity.
• Accurately forecast annual, quarterly and monthly revenue streams.
• Develops specific plans to ensure revenue growth in all company’s products.
• Collaborate with GMs to develop sales strategies to improve market share in all product lines.
• Interpret short- and long-term effects on sales strategies in operating profit.
• Educate sales team by establishing programs/seminars in the areas of new account sales and growth, sales of emerging products and multi-product sales, profitability, improved presentation strategies, competitive strategies, proper use and level of sales support, management of expenses and business/financial issues on contracts.
Qualifications:
• A degree in marketing or business studies is preferred; and a minimum of ten years of related experience or training in SAAS solutions, card manufacturing, personalization, rewards and incentive government and payroll sector; or the equivalent combination of formal education and experience.
• Proven experience in managing sales teams.
• Proven skills in Meeting Sales Goals, Negotiation, Selling to Customer Needs, Motivation for Sales, Sales Planning, Building Relationships, Coaching, Managing Processes, Market Knowledge, Developing Budgets and Staffing.
• Problem-solving and analytical skills to interpret sales performance and market trend information.
• Proven ability to motivate and lead the sales team.
• Experience in developing marketing and sales strategies.
• Excellent oral and written communication skills, plus a good working knowledge of Microsoft Office.
• Travel: 50% of the time expected.
CPI Card Group
About CPI Card Group:
CPI Card Group is a leading provider in payment card production and related services, offering a single source for credit, debit and prepaid debit cards including EMV chip, personalization, instant issuance, fulfillment and mobile payment services. With more than 20 years of experience in the payments market and as a trusted partner to financial institutions, CPI's solid reputation of product consistency, quality and outstanding customer service supports our position as a leader in the market.
Company website: http://www.cpicardgroup.com
Posted date: yesterday
View all Jobs at CPI Card Group
That's something from the get go we wanted to hear.
Yes, there are optimists watching PMTS.
I am still waiting for the turn around plan to be revealed.
Yes, odd for sure. Didn't someone else also forecast a higher pps a while back?
Still watching.
CPI Card Group Inc (PMTS) Receives $5.75 Consensus Price Target from Analysts
Posted by David Steele on Jan 22nd, 2018
Shares of CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) have earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $5.75.
At this point with a forecast for declining revenues, I find this PT to be a little odd.
The revenue decline to $240 million annually is nothing to sneeze at if they can put black numbers on the bottom line.
We're all wondering what the new CEO has planned?
I’m definitely thinking it will be another quarter or two before this thing reverses. Hopefully after earnings it goes down far enough to bring buyers
Zacks: Brokerages Expect CPI Card Group Inc (PMTS) Will Announce Quarterly Sales of $59.34 Million
IMO if these revenue numbers are accurate, they are continuing in the wrong direction. With no announced turn-around plan, the PPS may very soon be heading to sub $3 and even lower.
Posted by ABMN Staff on Jan 21st, 2018
Equities analysts forecast that CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) will announce sales of $59.34 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for CPI Card Group’s earnings, with estimates ranging from $56.04 million to $60.99 million. CPI Card Group posted sales of $67.38 million in the same quarter last year, which would indicate a negative year over year growth rate of 11.9%. The company is expected to report its next earnings results on Wednesday, March 7th.
On average, analysts expect that CPI Card Group will report full year sales of $59.34 million for the current financial year, with estimates ranging from $245.94 million to $250.89 million. For the next year, analysts expect that the firm will post sales of $269.44 million per share, with estimates ranging from $243.37 million to $313.11 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow CPI Card Group.
The slow bleed continues, I expect it to accelerate as we get closer to earnings
In all likelihood as with most class action lawsuits that are allowed to proceed, a settlement between PMTS and the lawyers (who will end up with a windfall), will occur.
PMTS writes off a one-time hit against earnings. Then everyone moves on.
Actual trials in these situations are very rare.
If and when that occurs the PPS will take a hit. For buy and hold investors it will be a roller coaster. For traders it will be an opportunity to play the news.
A judge already denied PMTS request to dismiss the lawsuit. In all likelihood from this point forth, shareholders won't know another thing until it is all over.
These guys are in serious trouble, and if they lose the class action lawsuit against them......it will become a penny stock
Yes, $PMTS having a good day. Heavy volume too. Next resistance around $4.57.
It's actually been doing pretty well lately.
Impressive jump today.
Next resistance $4.08
They did break $4
PMTS trying to break $4.00
That's quite the spread between analysts. Of course there is Zacks.
It would sure be nice to learn about the PMTS turnaround plan. Scott Scheirman is within the 60 - 90 day window since he took over.
This is a list of all the company news releases since he took over.
CPI Card Group Announces Reverse Stock Split
TUE DEC 19 2017
CPI Card Group Inc. Amended Omnibus Incentive Plan
FRI NOV 24 2017
CPI Card Group Inc. Reports Third Quarter 2017 Results
TUE NOV 07 2017
CPI Card Group Brings Innovative, Disruptive Solutions that Exceed Expectations to Money 20/20 2017
FRI OCT 20 2017
CPI Card Group Schedules Third Quarter 2017 Earnings Announcement and Conference Call
THU OCT 19 2017
CPI Card Group Receives U.S. Patents for Encased Tungsten Fusion Metal Card
TUE OCT 17 2017
CPI Card Group Reaches Settlement in Patent Litigation
FRI SEP 29 2017
Scott Scheirman Appointed Chief Executive Officer of CPI Card Group
WED SEP 27 2017
Brokerages Anticipate CPI Card Group Inc (PMTS) to Announce -$0.13 EPS
Posted by Rob Logan on Jan 2nd, 2018
Equities research analysts expect that CPI Card Group Inc (NASDAQ:PMTS) (TSE:PNT) will announce earnings of ($0.13) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for CPI Card Group’s earnings, with the lowest EPS estimate coming in at ($0.25) and the highest estimate coming in at ($0.05). The firm is expected to issue its next quarterly earnings report on Wednesday, March 7th.
I don't really understand how PMTS could lose so much money after the dividend elimination ( unless calculated post R/S ).
If they do lose that much, I would anticipate the PPS being further punished.
But if this is to be believed, 6 analysts have an average EPS forecast of 47¢ for 2018. If that's so, I would think the PPS would soar.
https://finance.yahoo.com/quote/PMTS/analysts?p=PMTS
PMTS job seeking ... Paralegal
CPI Card Group Littleton, CO USA
I keep seeing PMTS recruiting ... it's a good thing.
Employment TypeFull-Time
Last online 1 week ago
Why Work Here?
“Fantastic benefits, team focused enviroment”
What you do
CPI is hiring a proactive Corporate Paralegal to support our Chief Legal & Compliance Officer, lead contract administration, support in-house legal functions and associated activities, as well as work with outside counsel. This role will specialize in contract administration and legal support of a public company and will partner with internal stakeholders and outside counsel to research and gather materials in preparation for different kinds of reviews, meetings, and contracts including litigation.
Opportunities may include:
• Create reports for senior executives and outside counsel based on contract or case specifications and stakeholder requests
• Provide support for on-going Board of Director meetings handling and organizing highly confidential material
• Oversee the preparation, review revision, proposal planning and administration of contracts
• Prepare contract briefs, revisions, contract change notices, monitor contractor performance, including the reporting and status of contractor and owner deliverables.
• Provide litigation support as needed, which may include interface with company document custodians; collection and organization of company documents, including Electronically Stored Information; and organization and maintenance of company litigation files.
• Maintain an audit file for each contract which will include original contract, all correspondence, changes/deviations, amendments, clarifications, payment schedules
• Assist with the development and implementation of compliance policies and related trainings
• Research and review public relations and media releases, trademarks, patent information and licensing agreements.
• Develop a case file indexing system that can be used as an active archive for all ongoing and completed cases and contracts
• Monitor changes to government guidelines or regulations and submit reports on pertinent changes
• Analyze and mitigate risk
What you learn
Learn manufacturing and the many legal contracts and partner relationships that enable our business to thrive
Enjoy working with a variety of senior leaders including the Chief Legal Officer, Chief Financial Officer, Sales, and outside senior counsel.
Enjoy great variety in content, projects, and research due to the variety of business operations and the breadth of the role
What we ask from you
Associate Degree in Paralegal Studies is required (Bachelor’s degree is preferred)
Excellent communication and organization abilities
Strong research and report-generating skills
Industry recognized certification from organizations such as NALA or AACP
Experience in using legal database software
This job is definitely for you if:
Are highly motivated and confident with a sense of humility
Have a great attitude and a fun sense of humor
Are not a “yes” person and can vocalize risks in front of the most senior leaders
Confidentiality is something you see as a sacred trust; gossip drives you crazy
You take organization seriously, you think big picture but can handle most of the details, and you can manage multiple work-flows simultaneously
You thrive in a culture focused on Customers, People Employees, Integrity, Excellence, Team Work & Confidence
CPI Card Group
About CPI Card Group:
CPI Card Group is a leading provider in payment card production and related services, offering a single source for credit, debit and prepaid debit cards including EMV chip, personalization, instant issuance, fulfillment and mobile payment services. With more than 20 years of experience in the payments market and as a trusted partner to financial institutions, CPI's solid reputation of product consistency, quality and outstanding customer service supports our position as a leader in the market.
Company website: http://www.cpicardgroup.com
Posted date: yesterday
View all Jobs at CPI Card Group
I am patiently waiting for a new entry point under $3.
Without the release of a turn-around plan from the new CEO, my confidence isn't riding the crest of a wave.
They can defend vigorously, but the truth hurts. They admitted later in filings that they knew the number of EMV cards was gonna be drastically lower on top of conversion rates after the IPO in reference to lack of revenues in Sept.... A blatant admission..
Thanks for the response, GLTA
Lawsuits against PMTS:
Cause: 15:1126 Patent Infringement
https://www.courtlistener.com/docket/4196720/gemalto-sa-v-cpi-card-group-inc/
CPI Card Group Reaches Settlement in Patent Litigation
http://investor.cpicardgroup.com/events-and-news/news/press-release-details/2017/CPI-Card-Group-Reaches-Settlement-in-Patent-Litigation/default.aspx
BTW, I hope this settlement was accounted in the following 10Q link. I hope that charge is already accounted for.
Regarding the lawsuit Flip10 referenced, here is the most current information as of Octorber 30, 2017. If a settlement is reached, for your sake I hope the lawyers don't end up with 80%+ of the total:
From the Form 10-Q - For the Quarterly Period Ended September 30, 2017
https://www.sec.gov/Archives/edgar/data/1641614/000155837017008438/pmts-20170930x10q.htm
Item 1. Legal Proceedings
CPI Card Group Inc. Securities Litigation, Case No. 1:16-CV-04531 (S.D.N.Y.)
On June 15, 2016, two purported CPI stockholders filed putative class action lawsuits captioned Vance, et al. v. CPI Card Group Inc., et al. and Chipman, et al. v. CPI Card Group Inc., in the United States District Court for the Southern District of New York against CPI and certain of its officers and directors, along with the sponsors of and the financial institutions who served as underwriters for CPI’s October 2015 IPO. The complaints, purportedly brought on behalf of all purchasers of CPI common stock pursuant to the October 8, 2015 Registration Statement filed in connection with the IPO, assert claims under §§11 and 15 of the Securities Act of 1933, as amended (the “Securities Act”) and seek, among other things, damages and costs. In particular, the complaints allege that the Registration Statement contained false or misleading statements or omissions regarding CPI’s customers’ (i) purchases of Europay, MasterCard, and VISA chip cards (collectively, “EMV cards”) during the first half of fiscal year 2015 and resulting EMV card inventory levels, and (ii) capacity to purchase additional EMV cards in the fourth quarter of fiscal year 2015, and the remainder of the fiscal year ended December 31, 2015. The complaints allege that these actions artificially inflated the price of CPI common stock issued pursuant to the IPO.
On August 30, 2016, the Court consolidated the Vance and Chipman actions and appointed lead plaintiff and lead counsel pursuant to the Private Securities Litigation Reform Act (the “PSLRA”). On October 17, 2016, lead plaintiff filed a consolidated amended complaint, asserting the same claims for violations of §§11 and 15 of the Securities Act. The amended complaint is based principally on the same theories as the original complaints, but adds allegations that the Registration Statement contained inadequate risk disclosures and failed to disclose (i) small and mid-size issuers’ slower-than-anticipated conversion to EMV technology and (ii) increased pricing pressure and competition CPI faced in the EMV market.
On November 16, 2016, the Company filed a motion to dismiss the amended complaint, which was denied by the court on October 30, 2017. The Company believes these claims are without merit and intends to defend the actions vigorously.
Isn't this turd still in a class action lawsuit for defrauding investors for not releasing pertnant information prior to their IPO.....
I know my name's in it
I wish this thing would hurry up and tank back to .75 so I can load the boat, watching this slow bleed is no fun
Nice! Just sat back down.
See blue. That's good news.
CPI CARD GROUP INC. : Material Modification to Rights of Security Holders, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Other Events, Financial Statements and Exhibits (form 8-K)
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0
12/22/2017 | 10:09pm CET
Item 3.03. Material Modification to Rights of Security Holders.
On December 18, 2017, CPI Card Group Inc. (the "Company") filed with the Secretary of State of the State of Delaware a Certificate of Amendment to the Company's Third Amended and Restated Certificate of Incorporation (the "Certificate of Amendment") to effect a one-for-five (1-for-5) reverse stock split (the "Reverse Stock Split"). The Reverse Stock Split became effective at 12:01 a.m. ET on December 20, 2017 (the "Effective Time"), in accordance with the Certificate of Amendment. As a result of the Reverse Stock Split, the common stock, par value $0.001 per share (the "Common Stock"), of the Company began trading on a split-adjusted basis when the market opened on December 20, 2017.
Pursuant to the Reverse Stock Split, shares of the Common Stock were automatically consolidated at the rate of one for five (1-for-5) without any further action on the part of the Company's stockholders. The number of authorized shares of Common Stock was not reduced in connection with the Reverse Stock Split. No fractional shares will be issued following the Reverse Stock Split. In lieu of any fractional shares, any holder of less than one share of Common Stock will be entitled to receive cash for such holder's fractional share.
In addition, the Reverse Stock Split reduced the number of shares of Common Stock available for issuance under the Company's equity compensation plans in proportion to the Reverse Stock Split ratio. At the Effective Time, the Reverse Stock Split caused a reduction in the number of shares of Common Stock issuable upon exercise or vesting of equity awards in proportion to the Reverse Stock Split ratio and caused a proportionate increase in any exercise price of such awards. The number of shares of Common Stock issuable upon exercise or vesting of equity awards will be rounded down to the nearest whole share.
The Common Stock will continue to trade on the Nasdaq Global Select Market and on the Toronto Stock Exchange under the symbol "PMTS" but will trade under the new CUSIP number 12634H 200. The Reverse Stock Split is intended to increase the market price per share of the Common Stock in order to comply with Nasdaq Global Select Market's continued listing standards relating to minimum bid price per share.
The foregoing description of the Certificate of Amendment does not purport to be complete and is qualified in its entirety by reference to the full text of such document, which is filed hereto as Exhibit 3.1 and incorporated herein by reference.
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
The information set forth in Item 3.03 hereof is incorporated by reference into this Item 5.03.
That would probably work. I think some shares may have just become available to trade today so some may be exiting their position.
If this gets near $3, I will consider reentering with a new position, even without news of a turn-around plan. It would equal a 60¢ pre-reverse-split PPS. Just a little less than half of where I was first excited by PMTS.
Right now it's dropping on post-reverse-split emotion. That's good for creating a new entry point.
CPI Card Group Inc NASDAQ: PMTS
It's just a reaction to the R/S.
Perhaps an over reaction while people try to figure out its fair value.
I will sit on the side lines until that happens.
I see trades pre and post market. Unless I am trading at that time, I don't care. The pre and post market PPS's are usually just exagerations.
crazy bounce today, i did not see that coming. but i still think it will tank
I seen some trades go through under $2 pre market. It doesn't show when you look at daily info, but you see the trades and pre market chart if you got L2
Nonono.... 4.5$ lol
PMTS Price ... $2.99
Day's Change ... -0.4539 (-13.19%)
Day's High
3.42
Day's Low
2.90
Volume(Heavy Day)
133,083
December 21, 2017 10:20am ET
I'm watching. It's interesting to see it collapse. I wonder if it's really possible to see it drop as far as you hope.
2017-10-20 ... Clutch ... it was there for you ...
to effect a reverse stock split of the Company's Common Stock at a ratio between 1 for 1.1 to 1 for 10 ...
https://www.sec.gov/Archives/edgar/data/1641614/000104746917006478/a2233591zdef14c.htm
I opened my position days before this came out ...
sometimes bad stuff happens
Isnt there a 20 day rule to announce reverse splits?
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