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If you have been following this company for the last 5 years or so it is so clear that someone knew how to use the public's (like stock holders) money to in rich them selves....all stock holders need to back Hudson and get the CEO/board out before chapter 7 is only thing left...
Lets see if any Board Members or even the make shift CEO hit the road before April 30th....does anyone else think maybe they are stalling hoping someone offers them a get lost gift????
Like Hudson said, they choose the last possible date the court would allow to have the share holders meeting....what a joke, great product with great potential being USED by a CEO/Board to in rich themselves and shareholders be damned....I vote with Hudson, everyone of these guys/gals should be history.
I do not know what was agreed upon but CEO and Board may have power to sell without a share holders vote...
Safe bet intern CEO gets his bonus if company is sold....look for fire sale in next week or so....watched CEO of a grocery company get a 50 million dollar bonus for selling the company I worked for years ago...
All nice and good what the business is doing the problem is not in the fact it is a good business the problem is what management is doing with income. Clearly what Hudson and others see.
There is only one reason this company is where it is great product, poor management...Hudson will correct the missing piece..and we will have a $16 or better stock.
Just read Earnings Call, very disappointing Hudson did not ask any questions....
Revenue of $42.1 million and with 129 employees still minus .10 cents eps....well run company, I would say Hudson has a huge reason to take it over. all stock holders have been shamed by some pretty shady management.
Clearly, this situation might make many investors far too nervous. Yet, a possible buyout could be enticing for others, especially for a cheap stock. USA Technologies is a Zacks Rank #2 (Strong Buy) at the moment and is part of our Computer - Integrated Systems that rests in the top 30% of our 253 Zacks industries. Our current Zacks Consensus Estimates call for the company’s fiscal 2020 revenue to jump over 27%, with FY21 projected to come in 18% higher at $199.4 million. The company’s adjusted earnings are also expected to soar in 2021. Despite the uncertainty, USAT stock is still up over 80% in 2019 and sits far below its recent August 2018 highs of around $16 per share, which could give it room to run.
Yes, 62,000 almost nothing....not much interest anymore...very clear company has been run for the enrichment of the past CEO and his phony board. Fingers crossed Hudson is able to kick them all out...
Do not understand this stock? Read another analysts 100% negative thoughts on this stock this afternoon and yet it went up...it has been mapped out that management and the board have used loans and stock releases to keep their pay up for years without the company it self making a dime. Looks cleat that if the CEO's pay was tied to company performance he would have left owing money. And now the new in-term CEO is getting paid with borrowed money...why does Hudson want this company is the 64,000 dollar question.
Seeing any effort to get stock listed? Funny they pay off one CEO and replace him with nothing more then one of his cohorts..that is board making sure they get their pay...very clear every board member and CEO need to be replaced....Hudson is the only one with a clear path to making this a profitable company..everyone still with a few shares needs to give their vote to Hudson......nice trick by the outgoing CEO to take a loan and give a bunch of VOTES away with it, do you think that lender is going to vote with Hudson (not a chance).
Just saw the compensation package for interim CEO..$700,000, plus huge bonus plus a ton of stock options...Hudson must be digging in to crush this CEO and his buds on the board....you can figure out how they borrowed the money against the company to pay off the leaving CEO and the new CEO plus keep paying board member's for absolutely nothing.
poison pill a joke used to pressure the unwanted take over company to make a very nice offer to the few Management/board members pretending to hold out for the good of the Company....seen this happen many times in the Corporate world...if it plays out like it has many times Hudson will end up controlling the company start a good turnaround and sell it off out of no where.
So they do it now before Hudson can take over and name the new CEO or will Hudson have the say so as major stock holder?
But you have to remember a proxy fight could include a free pass and a nice package for the CEO to give in....nothing new there
I think it has been proven over and over the CEO is just smoke and mirrors, the money should be on there will NEVER be a share holder meeting until the CEO is gone with his GOLDEN Parachute....
Safe bet company sold before any stock holders meeting...may get a date for one so they can get re-listed, but actually hinging around and having one is another thing.....if it does happen then it will be a very positive event.
Safe to say any outstanding law suits would be settled as part of any sale...unless their is criminal charges against anyone still in the company. But then again it is not unheard of for a sale to release any charges involved in a law suit......
My worry this will push current board and CEO to sell while they can still work out a huge cash out for themselves?
Today as I read the two stock pickers putting $10 and a $9 price target for USAT I kept hearing Judy Garland singing "Somewhere over the Rainbow" in the back round.....ever see a stock glow no matter what they do?
Reverse vending machine SOUNDS GOOD, but we had a lot of them in California before the biggest recycle company closed down...what a pain the people using them had no manners or cared about using them properly and they broke down constantly...it is not like people are going to do 5 or 6 bottles at once, they would stand there with 2 or 3 bags full and take forever trying to force them into the machine...
Fingers crossed that with this filing of need papers somebody moves in and makes an offer before stock is re-listed..operating costs have been way to high as a stand alone company, but if consumed by a bigger more efficient run company profit could come very rapidly.
USA Technologies (USAT) Prices 5.5M Common Stock Offering at $11/Share May 2018 just google USAT stock offering.
I see the last stock offering was $11, I wonder who did the math for that, some thing rotten in Denmark as they say. no wonder law suits are out there.
I was wondering if the "Law Suits" may have something to do with the length of time it is taking to file required reports? I would think those statements that are always very clear on stock offerings about foreword looking and basic "It is a gamble without a guarantee" cover these law suits UNLESS there were out and out lies?
Wonder how most of the 129 employees are handling their jobs during this time, has to be hard they are more then likely more in the dark then investors. As many know when a company is in trouble and cannot talk about it that job could end over night.
Only two questions remain, when will USAT file...2 what the heck does Hudsun see in this company everyone (that counts) does not??
Looking at Hudsun not being in the break up business more the save your butt business..that is what applies to USAT
If interested in the major stock holder go to www.hudsonexecutive.com/ and read their business statement....seems their vision is to help the company succeed????
Come on tell me who is playing with this stock price, no where have I read ANYTHING that points to this stock going anywhere but down....what is keeping this stock up? How does anyone know more about this company then is available to everyone??
Just the fact someone is writing an article like this shows there are people other then the investor concerned about USAT as a fraudulent inapt managed company that happened to have a good product....Will be interesting to see how much they sell out for....only winners will be the management group unless someone jumps in with a "Get out of jail free card" maybe Hudson??
When will they fill has to take a backseat to why Hudson is so high on them?? I would like to hear why they are so positive about this company/stock.
When do we here it is sold>>>>>>or worse Chapter 11?
https://finance.yahoo.com/quote/USAT/community?p=USAT for all who use this chat space for USAT there is another conversation space on Yahoo for USAT..many more posters to that board with thoughts about USAT Stock...interesting...
one positive is an option price for October above where it has been for awhile, wonder who would buy those $8 options without knowing something, someone did?
Maybe we will see the case where it is taken over, straightened out and re-sold. When hostile takeovers back in the 80's were the flavor of the day a lot of companies were taken over and broken up and sold off with huge profits for the raiders....
It looks to me like the largest share holder is adding more and more...If I was the CEO my bags would be packed for sure.....
Thus begins day one on the Over The Counter Pink Sheet...Third time for me that USAT has been on the Pink Sheet...Please not another reverse split..sell the company for more then $1 a share and we are all winners....