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I spent today selling shares and replacing with Oct & Nov 2,50 calls.
Yawn.........until nov earnings. Mark sold a tiny amount--------
On 7/31 Mark exercised 150,000 options.
All I see his sales = 131, 854.
That is a beautiful gesture and will go well with his remaining shares: 9,436,886
WOW , I've heard in the past, diamonds can be made from human ashes also.
My mine is overloaded & ashes will eventually be available.
Will leave instructions to send diamond to Mark. (as thanks for future PPS)
.
Could make diamonds from coal
Keeping a tight sphincter!
Gonna be a rocky few weeks
Seems like the worst may be over...unless the officers are not done selling for tax reasons.
jp, IMO the March 2.50 calls represent the most profitable strategy.
Straining? Only positive I can see for shareholders is this current buying opportunity at these prices. Bought at 3.80. Buy calls?
To be fair, Mark hasn't sold any shares, other than for tax purposes, for as long as I can remember. Possibly ever. His recent sales represent about 1% of his holdings. He has earned it for sure. I'd rather have him sell now instead of holding back the upcoming rallies. Inquiring minds want to know....new boat? New house? Rolls Royce?
Golden plan for officers. Can they buy puts and calls?
Shortie goes to bank!!!!!😂
No relief in sight till Nov when Q3 is released.
I still believe Q3 #'s has the potential to put us into $5's.
Maybe I'm on heroin or something!
And that "plan" allows him to sell 1.2M shares
Mark dumped another 50,000 shares yesterday along with his 60,000 Monday. Anybody think the officers are awarding themselves too many shares. The effect on shareholder share price is obvious the last two months.
September 24, 2024
Paysign Insider Sold Shares...
8:15 AM ET MT Newswires
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Paysign Insider Sold Shares Worth $259,646, According to a Recent SEC Filing
8:15 AM ET 9/24/24 | MT Newswires
Related Quotes
4:00 PM ET 9/26/24
Symbol Last % Chg
PAYS
4.20 1.20%
Real time quote.
Paysign Insider Sold Shares Worth $259,646, According to a Recent SEC Filing
08:15 AM EDT, 09/24/2024 (MT Newswires) -- Mark Newcomer, 10% Owner, Director, CEO, around September 19, 2024, sold 60,500 shares in Paysign (PAYS) for $259,646. Following the Form 4 filing with the SEC, Newcomer has control over a total of 9,486,886 shares of the company, with 9,486,886 shares held directly.
SEC Filing:
Same is true for the last couple of dips.
This is not a typical dip to buy, IMO.
Looks like $3's on horizon.
This is the problem:
9/19/24 Newcomer Mark
Chief Executive Officer Sale 60,500 4.25 – 4.51 9,486,886 $259.6 K
0n 7/31 378,000 options were exercised!
If memory serves, all the sales in August from the officers were to satisfy tax withholding requirements from the vesting of restricted stock, which happens annually in August.
From Mark's August Form 4:
Explanation of Responses:
1. These shares of common stock were sold to satisfy certain tax withholding obligations associated with the vesting of restricted stock.
It appears Mark's selling in August alone was for an additional approx 340,000 shares. Other officers sold substantial shares in August. Was all of it a "trading plan"? All of this certainly had an effect on share price relating to the last 2 months slide. Shorts had to love it. Bad result for shareholders in an up stock market. Shorting in late summer and early fall is an opportunity I should have noticed previously. Lesson learned. Time to cover shorts??
Here's the story that neglects to mention prior exercise options.
"Paysign Insider Sold Shares Worth $259,646, According to a Recent SEC Filing
8:15 AM ET 9/24/24 | MT Newswires
Related Quote
4:00 PM ET 9/24/24
Symbol Last % Chg
PAYS
4.18 0.00%
Real time quote.
Paysign Insider Sold Shares Worth $259,646, According to a Recent SEC Filing
08:15 AM EDT, 09/24/2024 (MT Newswires) -- Mark Newcomer, 10% Owner, Director, CEO, around September 19, 2024, sold 60,500 shares in Paysign (PAYS) for $259,646. Following the Form 4 filing with the SEC, Newcomer has control over a total of 9,486,886 shares of the company, with 9,486,886 shares held directly."
SEC Filing:
Jp, we probably have to wait for Q3 #'s for a strong rally into $5 territory.
RE negative comments on Stocktwits, I suspect a dual situation has created current selling:
Shorting
Weak longs bailing or getting stopped out.
Two months of declining share price is overdone....to say the least.
Last financial report showed the 5 million allocated is not fully expended.
We can hope they fire up the buy-back program. That would sit well with investors
Thank you for the clarification.
From Mark's Form 4:
1. Transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2024, which plan is intended to satisfy the affirmative defense conditions of Rule 10b5-1 (c) under the Securities Exchange Act. The plan expires on June 11, 2025 and provides for the purchase or sale of an aggregate of 1.2 million shares of common stock.
True in part....but see reported action on stocktwits in post at 2:22 this morning showing much more action from 8/6/24 to 9/23/24. Perhaps I am not reading this correctly as not all are option related????
They all exercised options first:
9/13/24 Newcomer Mark
Chief Executive Officer Sale 1,500 4.50 – 4.50 9,547,386 $6.8 K
8/5/24 Newcomer Mark
Chief Executive Officer Sale 69,593 4.54 – 4.54 9,548,886 $316.0 K
Herman Joan M.
Officer and Director Sale 15,854 4.54 – 4.54 799,743 $72.0 K
Strobo Robert
Officer Sale 29,690 4.54 – 4.54 209,811 $134.8 K
Lanford Matthew Lou...
Officer and Director Sale 29,340 4.54 – 4.54 135,091 $133.2 K
Baker Jeffery Bradf...
Chief Financial Officer Sale 34,032 4.54 – 4.54 187,065 $154.5 K
7/31/24 Newcomer Mark
Chief Executive Officer Exercise of Options 150,000 -- – -- 9,618,479 $--
Herman Joan M.
Officer and Director Exercise of Options 36,000 -- – -- 815,597 $--
Strobo Robert
Officer Exercise of Options 64,000 -- – -- 239,501 $--
Lanford Matthew Lou...
Officer and Director Exercise of Options 64,000 -- – -- 164,431 $--
Baker Jeffery Bradf...
Chief Financial Officer Exercise of Options 64,000 -- – -- 221,097 $--
7/1/24
Check out Newcomer's stock action in August.
pps dancing around $4.50. If pps hangs around this neighborhood till Q3 earnings, we should run to $5.00 and above.
IMO,
still holding for next earnings and growth------not trading it
WOW, already have my share. Mr D MIA lately.
Continuing to buy dips. Trading activity last few days tells me shorts still around.
Looking to seeing them caught by the short hairs.
Friday Sept option expiration might bring some surprises.
MY small cap and microcaps are getting pounded today. I am trying hard not to buy more now, but still waiting and ready to buy.
If the three of you would do a combined market order of say 1M shares id appreciate it
BUY DEM DIPS, FLIP FOR STEAK DINNERS.
Volume
44,706
Average Volume (10 days)
116,916
I think these low volume days are not short sellers, but weak longs bailing on down market days. (but often my thoughts are convoluted.
seems to be thin on the way up
Bought some recently at 4.11 and 4.19. Next buys will be in 4.08 area if it slides more in a bad market. Fine company all the way around.
I believe good earnings will help support individual stocks in a bearish environment .
Pays has the capacity to surprise. Stay long and strong. Buy dips and flip for exercise while
holding core position.
IMO
Financial channel just reported that this Sept was the worst stock market in 23 years. Time for the tough to get going soon.
flipped out some of the cheapies picked up last week.
BUY DIPS!!
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- Revenue for the year ending December 31, 2018 was $23.4 million, an increase of 54% compared to $15.2 million the prior year.
- Gross profit increased 70% to $11.4 million or 49% of revenues, compared to $6.7 million or 44% of revenues in 2017.period last year.
- Non-GAAP Adjusted EBITDA was $4.9 million, an increase of 65% compared to $3.0 million in 2017. Non-GAAP Fully Diluted EPS was $.09 as compared to $.06 the prior year.
- The company reiterates its previously released revenue guidance for 2019 of $38.0 to $40.0 million, representing a 62% to 71% increase compared to $23.4 million for full year 2018
as well as an adjusted EBITDA guidance at $10.0 to $12.0 million, representing a 104% to 145% increase compared to $4.9 million for full year 2018.
The PaySign platform represents a revolutionary payment processing solution that took years of development. It is a reflection of the Company's commitement to providing innovative, cost effective, customizable payment solutions to a variety of industries for multiple purposes. The platform was designed to easily incorporate new payment technologies and applications as they evolve, keeping Paysign at the forefront of payment innovation.
--> Corporate Incentives: In a market that is expected to grow to $26.5 billion by 2016, PaySign® corporate incentive cards are the perfect vehicle for
corporations looking to engage and motivate their customers, employees, and trade partners. PaySign cards are perfect for customer rebates, employee
bonuses and trade partner commissions. Examples of corporate incentive cards include prepaid cards used as incentives to purchase big ticket items such
as automobiles, smartphones and major appliances.
--> Payroll: PaySign payroll cards reduce administration costs and streamline operations for companies looking to provide an efficient payment method for
unbanked employees. The overall market for prepaid debit cards for payroll is expected to reach $66.4 billion by 2016.
--> Public Sector: Federal and local governments, educational institutions, and other public sector organizations are constantly looking to improve efficiency
and reduce costs. The PaySign card for the public sector provides an effective way to reduce costs and inefficiencies, whether related to disbursements of
public benefits or internal payments. The total prepaid card market for government payments is projected to reach $119.4 billion by 2016.
--> Pharmaceutical Co-Pay Assistance: Paysign's Allegiance Rx card is now available under the PaySign brand. Co-pay assistance cards have been
utilized by major pharmaceutical companies for brands such as Viagra®, Vyvance® and Restasis® to name a few.
--> Source Plasma Donors: Plasma collection companies nationwide can turn to the PaySign brand of cards for a customized payment solution for plasma
donors. The PaySign solution offers either a customized Plasma Web portal solution or direct integration into donor management software.
- Co-founded the Company in 2001; and driving force behind the Company's significant growth and strategic direction
- Shaping the future of the business as a premier prepaid card services leader, delivering a strong value proposition for clients and over 2 million cardholders; oversees all financial, operational, technological and strategic decisions for the company, including: technology investments, the evaluation of strategic acquisitions,new product development and the formation and cultivation of third-party relationships
- Served on the X-9 committee which developed standards for the electronic payments industry alongside IBM, Diebold, First Data, KPMG, MasterCard, Melon Bank, Visa, Wells Fargo, the Federal Reserve and others
- Attended Cal-Poly San Luis Obispo where he majored in Bio-Science
- Co-founded the Company in 2001
- 30+ years of senior IT experience
- Prior experience includes Director of Technology Planning at the Associated Press, Project Manager of implementation of Medicare Easyclaim for ANZ Bank in Australia, Coca-Cola Business Operations & Business analyst for Australia Post
- 30+ years of experience in Financial Services and BPO industries with concentration in Finance, Operations and executive leadership
- Prior experience includes CEO and CFO of Zxerex, CEO of Affina, and Vice President at American Express and Vice President at NextCard
- Bachelor of Science in Finance, minor in Accounting; and Masters in Business Administration (MBA) from Brigham Young University
- 30+ years of industry experience
- Previously at Sunrise Banks as Senior Vice President, Payments Division where she led the new prepaid business
- Prior experience includes various management positions in operations, product development, and sales and marketing at UMB Bank, Heartland Bank, and Boatmen’s Bank
- Board member of the Network Branded Prepaid Card Association and serves as Treasurer
- 13+ years of legal experience in non-traditional banking
- Previously at Republic Bank & Trust Company (Louisville, KY) as Deputy General Counsel and Vice President where he managed all legal affairs for Republic’s non-traditional bank programs, including payments, small-dollar consumer lending, commercial lending and tax related products
- B.A. in Psychology and Philosophy from the University of Kentucky and J.D. from DePaul University College of Law in Chicago, Illinois
- 20 years of experience working in the card industry, focusing on prepaid and credit products
- Previously with Global Cash Card, Inc., Sunrise Banks and Meta Payment Systems (a division of Meta Bank)
- Certified member (CAMS) of the Association of Certified Anti-Money Laundering Specialists.
- Bachelor of Science Degree from South Dakota University
- 30+ years experience in various technical roles providing enterprise IT services at several global companies
- Former Associate Director, Hosting Solutions Bristol-Myers Squibb
- Former Manager of Server Technology, The Associated Press
- 25+ years experience in various marketing roles within the Fintech industry
- Former Senior Product Marketing Manager at Fiserv
- Former Vice President, Marketing, NYSE Governance Services
Board of Directors
- Former CEO of NetSpend (2008-2013). Grew annual revenue from $129M to $351M, with over 2.4 million cardholder accounts. NetSpend acquired by Total System Services: (NYSE: TSS) for $1.4B
- Co-founder, Former President and Chief Operations Officer and Director at Euronet Worldwide (NASDAQ: EEFT). A leader in secure electronic financial transaction processing. Current market cap: 5.4B
- Sits on Board of The Brinks Company. (NYSE: BCO), CARD Corporation (Card.com), RxSavings Solutions, Balance Innovations and Align Income Share Fund
- Received a B.S. in Business Administration with majors in Finance, Economics and Real Estate from the University of Missouri,Columbia
- 35+ years in the banking industry including serving as the President and CEO of two banks in the Midwest
- Former CEO of Healthcare Services at UMB Bank, N.A a leading provider of healthcare payment solutions including health savings account (HSAs), health care spending accounts and payments technology
- 30+ years of legal experience focusing on mergers and acquisitions, public and private securities offerings, and venture capital transaction
- Serves as corporate counsel for numerous public/private companies and was formerly general counsel and board member of Swensen’sInc.
- Mr. Williams is a shareholder with Greenberg Traurig LLP and admitted to the Bar in New York and Arizona
- 30+ years of experience as a Certified Public accountant
- Founder and Managing member of Mina Llano Higgins Group, LLP
- Former CFO of Coal Brick Oven Pizzeria, Inc.
- Currently CFO for Academy of Aviation in Long Island, NY
3PEA International:
Jim McCroy
Investor Relations
Tel: 702.749.7269
IR@3PEA.com
www.3pea.com
Website
Click Here For the Company's Investor Presentation
Articles About 3PEA International
Seeking Alpha (SC Capital Group) - 3Pea Is A Payment Processor With >40% Organic Growth Selling For Half Of Peer Multiples - 2018-05-22
Seeking Alpha (Inefficient Market) - 3Pea: Strong Guidance, Uplisting, Should Propel Shares Higher - 2018-04-03
Seeking Alpha (BW Investment Visibility) - 3Pea International: Undervalued And Undercovered Turnaround Story - 2017-11-20
Analyst Coverage
Cannacord Genuity: Buy 17$ Target
Ladenburg Thalmann: Buy 14.50$ Target
Maxim Group: Buy 10.00$ Target
*This document contains projections and other forward-looking statements regarding future events. Such statements are predictions, which may involve known and unknown risks, uncertainties and other factors, which could cause the actual events or results and objections to differ materially from those expressed.
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