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One thing is for sure if you own stock still you do not want to see it fall below $1 on the pink sheet....reverse splits to re-gain the over a $1 price are an investors night mire...works for the company but not the older investors.
Just as I said this morning stock was manipulated up in the morning so the big sales would not be as small before closing...never fails just another example of how Big Money controls the market.
WOULD BE NICE TO KNOW WHO IS PLAYING WITH THIS STOCK...COULD BE JUST ONE OR TWO FUNDS BUYING A FEW SHARES UP A FEW SHARES DOWN,,THEN COMING IN BUYING A LARGER AMOUNT UP OR DOWN JUST TO KEEP THE STOCK APPEAR TO HAVE SOME RELEVANCE WHILE THE COMPANY STRUGGLES?
http://www.conferencecalltranscripts.org/4/summary2/?id=6842761 more on buy today...
https://newsfilter.io/articles/4-form---statement-of-changes-in-beneficial-ownership-of-securities---usa-technologies-inc-000089642-e218dd50cb630cf5ce9ee8c677fbada5 Hudson buying 143,000 more shares....they are biggest stock holders???????????????????????????????
Company expects that its securities would be quoted on the OTC Markets...USAT has fought being on the OTC markets before including a 10 to 1 reverse split at one time.....are you ready to go to 1 share for every 10 you bought? It can happen over night, I went from 10,000 to 1000 once on a 10 for 1 reverse split.. one of the times USAT reverse split it came back down and was almost de-listed again.....
It would be safe to say buying back in or more is now up to quality of answers public gets if and when the listing is back and audit is complete AND law suits addressed. Some solid forward looking statements with meat on them from CEO would be nice also..(or if he just went away).
USAT Has a very good product but outgrew its managements abilities..Others in same space are better managed and could take USAT under its wings and make it fly.
being on the pink sheet after loosing listing on Nasdaq more then once should tell everyone where this company's management stands.....and yes Monday could very easy fall under $2 unless trading is stopped a few times, or someone knows something we do not.
99.9% of employees have no clue what is going on...company could sale, close, go out of business overnight without employees having a clue. I bet those 99.9% are not going to sleep well Sunday night.
Great example of the quality CEO of this company...books sound so messed up bankruptcy (after CEO gets paid of course) maybe in the works as NO ONE in their right mind would buy the company now and take on the accounting nightmare,,,if still listed Monday morning look for full blown sell off .59 cents a share anyone...
How many stock holders have pointed out how poor the management of this company has been....question how could huge funds NOT seen this when buying into this company....wool pulled over average investor common, faking out huge stock holders no so..but they did it.
It is official they will not be done by Monday....laugh, laugh they said they hired someone who could do the job, just as the CEO they paid him a huge salary for NOTHING, must have improved his golf handicap while working on the books a couple hours a day. TAKE THE GOLDEN PARACHUTE and run....
Get a clue management lost this company 2 years ago, fire sale Monday, look for $1.85 a share if anything there are three or more companies already doing this same thing being run by competent management...may see CEO running with anything left and stock holders holding nothing but law suits.
If they do not have an announcement by this Friday..the big boys may toss this out and $1.50 a share by close is a safe bet...
Stock price up day traders taking a gamble....big boys holding 70% of the stock will be calling the shots soon...then you could see $3 or less in minutes as before...fingers crossed but the way this company is run it is almost a sure thing they are hiding too much and will end their little game soon.
It will be something if they make it and stay afloat..I bought at .25 cents a share in 2002 or 2003? Then at $1.25 in 2004...can imagine several penny stock people bailed after the first reverse split and then again on the second...they all got shocked when it went over $15 in 2018 as did I, but the biggest joke was I held when I could have pushed two buttons and sold....such is the up and downs of penny stock gambling..(I am still WAY ahead over the years with several penny stocks, they are like Vegas to me).
Anyone live near Malvern, Pennsylvania? Drive by the offices of USAT and see if there is a for sale sign in the yard?
10 to 1
As a penny stock to get listed it reverse split in 2006 100 to 1. I went from 10,000 shares to 1,000 shares over night...stock got listed then sometime later had to reverse split again to remain listed...so they have a history of fighting to be listed. Kinda tells how slow gaining profits verse paying to operate has always been a problem..will they get past these latest pitfalls and start making a profit or will just stay listed and pay off lawsuits and spend another 3, 5 years to make a profit...great product will be a dinosaur before another year is out.
LOL USAT is a penny stock for these holders..they have done the math and a complete sell off of the company will make them money.
There is no way a competent management would have let this go this far, no way...they know they have no future and need to get out while they still have golden parachutes...
Only thing the stock has going for it until securing its listing is potential...this is a Las Vegas gamble right now, it could be or it could not be, black or red..take your bet...heads or tails.....
`Value for sure, no one dare say a word with this company digging a deeper hole with each passing day. Big money knows the value and may or may not even care if it digs itself out of its hole as the value is still there piece meal. Of course a positive resolution will be best as there is a lot of room for stock growth with the company back in the graces..
No reason the company is not a money maker unless management is over paid when compared to companies income...is this the case with USAT? The fact we are still seeing ups and downs almost daily in stock price is proof someone thinks the company is worth something?
Ran into a vendor filling machines here at mall in Las Vegas ask him how the card thing was working with his machines..about 25% of his business now and lately the flashing a card part was really taking off....had not heard of anything about trouble with USAT?
Great product once financials are cleared up and a clear picture of value sale could come quick...that issue of stock back some time ago was a picture that financials were in trouble...someone played that stock up to $16 when it never had that value.
Be interesting to see how much money the CEO will take with him when they sell the Company....years ago I remember reading about a company, Albertson's, where the CEO was paid 50 million when he sold that company...
Why the board has not relived the CEO is beyond belief.... still think there is a buyer in waiting who is going to pick up the company for pennies on the dollar....
So many institutional owners I would think it is a safe bet their money knows the worst a de-listing will do is put company on the block and bring a price covering their backside.
It is not amazing to remember the Institutional holders are also the ones involved with class law suits, hence they stand to win no matter how stock shacks out...selling company is also a win for them.
The unit for sliding credit cards is dead...it is now everyone wants to just hold their cell phone up to the reader to use vending machines...do not know if USAT has that unit or if it even has the collection software for same...
You know they cannot risk saying anything positive of negative because it "may" have an effect on stock price....I would bet if things are going sideways they will sell the company....It is safe to say the company does have real value...
dump day....to slow with their audit procedures...when September comes look for fire sale and no audit results.
Shorts looking at the a Company with their hands tied....need to beat street with early resolution to accounting errors...
How will law suits effect future? Summer is a prime time for a lot of vending action. Need to get fillings cleaned up and law suits settled.
Seems to be dragging on getting fillings done? Is stock moving with interest in current as is company or is stock moving because company has value being sold??