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It's the lowest bank stock I could find with price and ss. And with banks being able to lend money to mj businesses, it will have its day.
Hey Apostle, what's the scoop here? You were on several of my other big winners lately, any info on this one you'd like to share? TIA
Hello everyone, I just bought a little position here today. The float here is amazing and can move with little volume. Is there any rumored info out that anyone could share?? TIA!!
Keep accumulating. Trust me.
Thanks for the reply! I was just wondering if in your opinion this was still a good play. I appreciate all of your posts. You're a great asset to the boards. Thanks again!
Apostle, are you still in here?
Very interested to see how the plot unfolds for USBK in the coming weeks.
I can't believe how little traffic we have on this board.
What kinda pump y'all speakin? What's this?
This is the ultimate play. If everyone just buys 10K shares, we go to a dollar. Banks can loan money to mj companies now.
The float on this baby is like 5 million shares. LOL. What a treat. USBK.
Yep. You gotta respect it in some ways
heckuva pump I might add..
This was a front loaded pump by madmax. I thought this would happen. Glad I stayed away
LOL still waiting for Everest to send a formal apology...LOL
Tue, Oct 22, 2013 12:00 - USA Bank (NY) (USBK: OTC Pink No Information) - Caveat Emptor Status Change - The symbol, USBK, has been added to the Caveat Emptor classification. You may find a complete list of Caveat Emptor status changes at otcmarkets.com.
Buy low 0.0001 is nice sell at 0.0002 if you put 1k in you get 2 out its a easy days pay lol
Thanks for sharing the knowledge. Noobs like myself appreciate it.
Sorry for the stupid post no idea why it posted 5 times but good luck all
Don't trust anyone to make you money trust me I lost tons when I started listening to others there here for a small ticker move and bank that's it.
Don't trust anyone to make you money trust me I lost tons when I started listening to others there here for a small ticker move and bank that's it.
Don't trust anyone to make you money trust me I lost tons when I started listening to others there here for a small ticker move and bank that's it.
Most of these guys prebuy and then pump the stock leaving loads of bagholders, always best to dd first.
From .15 to back under .019 in no timer flat= Heres WHY !
Small float lots of buying pressure volume, but after it topped out anyone with any investing sense, knew this would fall back hard, just look at the info below!
USBK http://www.fdic.gov/bank/individual/failed/usabankny.html
They went under and 1st Customers bank took them out of FDIC Receivership, you wonder why they let stocks like this still trade?
http://www.otcmarkets.com/stock/USBK/company-info
Contact Info
211 Irving Avenue
Port Chester, NY 10573
Phone: 914-939-3700
Been following Big since February. I'm up SEVERAL hundred percent on his calls. He's even missed a couple here and there that I got in on. Nobody gets em all right. If he's wrong, though, he will tell you he's wrong. The man has integrity.
I'm sorry you lost money. I lost here too. Very difficult play. Just wasn't quick enough on the trigger. Not a play that I'm built for I'm afraid. Live and learn.
To be honest, I'd rather you not follow Bennie. He's a class act and doesn't need followers who are so quick to attack on a play that didn't go their way. Many of them won't, you know.
I reference you to a post he made on the CTD t board. It was a call he'd made that was up approx 300% but had stalled on lack of progress and showed no investor support. He informed the CTDT ihub board that he was about to liquidate his position of 1.2 million shares. He did this because he has a conscience, and a genuine concern for people in general. He's a good guy and an excellent investor. Good luck to you and your endoevers.
USBK
BIG Investment LLC
Wednesday, 06/26/13 09:24:06 PM
Re: None
Post # of 29597
Hey Group,
I wanted to be transparent with all of you regarding my groups stance and position with CTDT. As you all know I have accumulated over 1MM shares over the past several months. I have flipped in and out but only to increase my position here. I have a little under 1.2MM shares currently.
The silence and blog postings without formal company PRs have become very very tiresome for me. It simply doesn't smell right to me. The blog posts put these carrots out there constantly and I keep hearing PRs are coming. Prentice has to sign off, etc etc.
I struggle with with the reasons to hold back news. If all these great things are occurring, why the constant delays in PRs, etc. the one PR they did put out was disappointing IMO.
So my stance is this, if the company has not formally communicated with the investment community by Friday, July 5th I will begin liquidating my position. I will do this in a manner to have as little impact to the PPS as possible spreading the sells out over a week or so. I will most likely retain a small position of approx. 200K shares just in case they ever decide to get their act together.
Again, I sincerely hope they put MATERIAL news out over the next 6 to 7 business days. Then this is a mute point for me. Either way I hope everyone makes money here with or without me.
<a href='http://usas2.advfn.com/c.php?s=20&w=600&h=19&t=_blank' target='_blank'> <img src='http://usas2.advfn.com/i.php?s=20&w=600&h=19&t=_blank' width="600" alt="" height="19" border="0" /></a>
Wow..This thing has a small float! Missed the lotto.
Thanks for the message back and yes I lost out here like many others also. Live and learn.
Lol didn't get that post lol. O well I guess I shouldnt of sold that WiFi co for this.
More like a 5 min play and if you were lucky - went straight down the hill from there...
In and out quick play what was not to understans
You can't trust him to make us money. I blame myself and not him. i'm the idiot who listen to hs 3000% return when it was at 8. i should have done my DD like i have for other stocks but greed blinded me. lesson well learned!!
HR I said many many times this was a one day play
So what's the deal hear Big ?? Is this going to go higher or am I just out?
Im wondering if he meant to go in and out like same day, I know on margin you could make many trades but for me I have scottrade and I believe im not allowed to trade pennies same day. I think i have a $4 limit or something. I don't know, sorry man
I got greedy and stupid listening to BIG. Lost 75% on this dog! That's what you get for free advice. I always look before I invest. This time I didn't and I lost! BIG said his post ON FB would be up at 9:50. He already had a heads up and by the time a lot of others got in, we lost!!! It's my one fault for listening to some quack who thinks he knows what he's talking about. Didn't do my DD on this one.
$200 gamble plus I was late this morning didn't get in til it was just over .02 so missed out on this pop oh well
I bought in .0026 weeks ago, cause I liked the chart set-up bottom buster, so I still think its got something left in her, going by the chart and L2 activity
Thin low float of course it gonna swing crazy, just play their game
ya Everest should write a formal apology to their members, almost as bad as stockmister "Kiss of Death" which has been in the dumps over the past couple of months and again today...
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USA Bank Reports Operating Results for the Quarter Ended June 30, 2008
PORT CHESTER, NY, Aug 09, 2008 (MARKET WIRE via COMTEX) -- USA Bank (OTCBB: USBK) reported a net loss of $383 thousand ($0.07 per share) for the quarter ended June 30, 2008, which is a marked improvement compared to the net loss of $481 thousand ($0.08 per share) for the quarter ended June 30, 2007. This marks the third successive quarter of reduced losses by the Bank. For the six months ended June 30, 2008, the Bank's net loss was $1,129,000 ($0.20 per share) as compared to a net loss of $1,995,000 ($0.35 per share) for the six months ended June 30, 2007.
The Bank continues to leverage upon its capital base with quality loan growth, which is reflected in the $1.1 million increase in interest income in the second quarter of 2008 as compared to the second quarter of 2007, which has contributed to the $535 thousand increase in net interest income for the same period. Also benefiting the second quarter 2008 was the recognition of a gain on the sale of securities of $169 thousand and a $120 thousand reduction in salaries and employee benefits, primarily reflecting staff reductions since June 30, 2007. The second quarter 2008 reflects a larger provision for loan and lease loss expense of $314 thousand (related primarily to loan growth), as compared to a credit to the provision of $108 thousand for the quarter ended June 30, 2007 (based primarily upon the credit risk upgrading of one loan in June 2007 and the resulting decline in the required allowance for loan losses). The second quarter of 2008 also reflects a $280,000 reduction in gains on loan sales, which partially reflects the volatile mortgage market and partially reflects the Bank's focus on traditional commercial banking. There was also an unfavorable variance in FDIC insurance expense, which was $126 thousand for the second quarter of 2008 (as compared to $37 thousand for the quarter ended June 30, 2007), reflecting increases in both deposit volume and insurance rates.
Total assets increased $25.2 million (15%) to $194.7 million at June 30, 2008 from $169.5 million at December 31, 2007, and an increase of $45.2 million, or 30%, since June 30, 2007. As of June 30, 2008, total deposits have increased to $149.0 million, an increase of $26.1 million, or 21%, since year end 2007, and an increase of $29.0 million, or 24%, since June 30, 2007. As of June 30, 2008, total gross loans have increased to $147.7 million, which represents an increase of $40.7 million, or 38%, since year end 2007, and an increase of $74.4 million, or 101%, since June 30, 2007. Capital ratios continue to be strong, with Tier One Capital to average assets of 10.79%, Tier One Capital to risk-weighted assets of 12.52%, and Total Capital to risk-weighted assets of 13.53%.
President and CEO Gentile stated that "results continue to show improvement and we are performing essentially in line with our revised business plan/budget. Legal and professional fees continue to have a negative impact on operating results, with such costs aggregating $330 thousand during the recent quarter." He further noted, "I am pleased that our total average cost of funds is continuing to decline to 4.25% for the 2nd quarter 2008; it is down from 4.82% during the 2nd quarter 2007. We will continue to reduce these costs by attracting core deposit accounts through our enhanced calling programs, remote deposit capture program, and compensating balances from commercial loan customers."
Mr. Gentile also indicated that "asset quality remains manageable, with non-performing loans aggregating $4.3 million at June 30, 2008, which represents an approximate $700 thousand increase from the $3.6 million in nonperforming loans at year end 2007. The underlying collateral real estate of one loan previously included in the non-performing category has been transferred to Other Real Estate Owned, as a result of foreclosure in June 2008, in the amount of $2.4 million (a July 2008 appraisal shows a $2.9 million value). Substantially all of the $4.3 million in non-performing loans is real estate secured with current appraisals (none performed beyond one year), which all exceed the book or carrying values, as further comfort."
Lastly, Mr. Gentile reported that he remains optimistic that net losses will be narrowing considerably over the successive quarters of 2008, due to the efforts of the Bank's Board of Directors, Senior Management and Staff.
"Safe Harbor" Statement under Private Securities Litigation Reform Act of 1995
Some of the statements contained in this press release may include forward-looking statements which reflect our current views with respect to future events and financial performance. Statements which include the words "expect," "intend," "plan," "believe," "project," "anticipate" and similar statements of future or forward-looking nature identify forward-looking statements for purposes of the federal securities laws or otherwise. All forward-looking statements address matters that involve risks and uncertainties. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in these statements or that could adversely affect the holders of our common stock.
These factors include, but are not limited to, those outlined in the Bank's Annual Report on Form 10-KSB for the year ended December 31, 2007, which was filed with the Federal Deposit Insurance Corporation and is publicly available from the FDIC's Accounting & Securities Disclosure Section, 550 17th Street, N.W., Washington, D.C. 20429 and on the Bank's website at www.usa-bank-online.com.
Contact:
Ronald J. Gentile
President & CEO
USA Bank
Telephone: 914-417-3205
800 Westchester Avenue
Rye Brook, NY 10573
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