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So..apparently you must be google challenged..so I'll assist you...The name is William Yotty..now just google away and enjoy the ride??..if you more help with google there is a book called google for dummies..I'm sure it could help...
Hey Surf...I posted all of this many moons ago...I think you might have deleted it....anyway just do your own DD on vegas and find the contract and see who the signers are...pretty easy..
Wow...been away for quite awhile and now reading and seeing what's going on is almost funny....so Just dig deeper...its there....if you look at the Vegas Contract...you will see a person from the old company as a signer...However, the cheerleaders will somehow turn that into gold as well :) PS...I'm going to be in Orange Co this week on Vacation and thought about dropping by the OC Jail to see if they have set up any Kiosks and have them installed ..I believe that a few people have asked....Later and good luck to all...
If they need capital...the only way a legit lender or investment company would toss $$$$$$ their way...would be if they produced Audited financials......maybe they don't have the $50,000 +/- to pay to have them done...and I do know what audited financials cost for a company that is not publicly traded...and I would guess it would be even more for one that is...and also that they have never been fully reporting since inception....JMHO....however, for those wanting to gamble a bit...have to say that the price has never been better :)
Hey...it's just another opinion..just like "it's a good time to buy" or better yet...this is going to .50 cents and then a dollar...happy buying and hope all your wishes come true....
CONTINENTAL PRISON SYSTEMS INC
Americanbulls Daily Commentary
Our system posted a HOLD today. The previous BUY recommendation was issued on 03.30.2012 (31) days ago, when the stock price was 0.0110. Since then CPSZ has fallen -54.55% .
A Warning is in order! The previous BUY signal failed. Downward momentum now reached to intolerable levels.
You can either wait for a new bullish alert or sell the stock immediately. It is up to you. We owe you an apology.
You can play the short side assuming all risk if you want to. Our stance, however, is currently neutral in this matter.
Data provided by: End of Day Data
Surf must be on his way to Calif since it is the 20th...Surf, Please be sure to let us know how it goes out in Calif...
I believe that Drwicks makes the most sense in his postings and has some great insight....For me, this is truly a PINK and if you look at CPSZ's ranking in the tier's....There is a nice Big STOP symbol...That alone should give anyone who wants to part with their $$ a clue.. combine that with the lack of actual Audited Financials just seems to make this stock subject to lack luster performance...The Pumping and/or Bashing that has been going on for years really does not seem to do much either way except for a few shares up or down...The real numbers....Volume and PPS tell the tale at this point...Pinks are always a gamble and if you have the money to play...have at it....currently the share price is down quite low... so now is the time to buy for those that have the money and want to place a bet...for me...I folded quite awhile ago and don't plan to buy back into the game....However, all of the posts on this board have been very entertaining over the past few years and I love to read the good, the bad and the ugly....Good luck to all....
I agree..burying your head in the sand in a good mode of operation..just wait until you're sued..??... However... this is still a legit question...but maybe not for you??
Ditto....I guess the Company can clear this up if they or Fermac will respond....I just brought this up because it came in on my google alert...and to me is a valid question.. So according to
You...we should just ignore things like this..since the company knows what they are doing..So how do you know that?? I also have a daughter-in-law that is a compliance officer for a Large Nationwide Bank and asked her about money transfers...and I also sent hewhy he link to the JPay info..She said that most states require a Lic to do this kind of business...you know..federal compliance laws and little things like that...
Well my take on this is...If they are not licensed...no growth...
Google alerts..
Interesting link.... http://www.portal.state.pa.us/portal/server.pt/document/1212334/jpay,_inc_cao_121611_redacted_for_website_pdf
Thibumper brings up the question...is CPSZ a licensed money agent in all states...It appears that most states are requireing this type of licensing and I can't find any info on Ezcards site abou this...Maybe Fermac or Surf can chime in on this and let us know...
So...Where are you getting this inside info??? inquiring minds would like to know...
Fluff is right..I'm sure the are counting Rikers Island in there numbers..However, Rikers island is so diluted with other payment providers and cash windows being open..I can't imagine much activity from that site....oh well..give them an "A" for trying...??
I believe that not posting audited financials is hurting and keeping people away....so we don't have a "real" picture as to what is going on....plus I still believe that there are people still involved from the old Company..
If not, Why is he a signer on the Clark Co Contract ???
Bell..better be careful...your negative truths may get your post removed..Just remember that cheer leading is what this is about ??..Go CPSZ
I agree with you Bell...I ran these past my accountant and he just laughed....very encouraging :) They also even tell us they didn't use standard accounting practices...which I'm glad they disclosed that... however, without them being audited....it's kind of pointless to use them as any kind of indicator as to what the financial picture really is...
Maybe "dumping" should be the word for today... ??
More pumping ??
You do know that the Kent Jail they lost had over 1000 inmates...and they weren't profitable? Sounds a little fishy... Especially when the also installed services at a under 50 bed jail...does not make any $$ or sense..
Bingo....:)
If someone is buying and selling this stock and puts out non public info about this stock...such as "I hear that soon we will have financials" is either manipulation or insider trading. So those that are pimping.. Just know that others are watching ??
The question is....are they profitable? Just looking at what they are doing at each site that I've researched... They are tossing a lot of hardware at even small sites... And if they spend $25000 for ea Kiosk ( as reported on this site ).... Then I can't see that they can be making much... They also outsource just about anything....
Getting financials is easy..They just have to pay an accounting firm to do it....so I can only assume that they are not showing anything positive ...
If this Co was profitable....they would have released news....That's the bottom line on this...
I agree..however u are being spoon fed the info...and besides them adding sites they are also losing sites as well...and I'm not jaded by prior investments..it's just this company does not produce the information that is needed to make an investment in it....as well as installs don't always mean profit..
Fermac...You have no "Facts".....the only thing anyone knows is that the Company does not respond to investors and no financials posted since day one....installs don't mean squat without financial data to back up what they are doing...Also, what sites have you closed since you started?
You never know....this Pink seems to move on a lot of rumors ..not facts ..... Like financials are coming out :)...if I had a dollar every time Surf put that out over the past few years.. I'd actually have something...
Everyone needs to remember that this a PINK ...and this Company has produced squat ( no financial info ) since its inception...they took on huge debt and only have a few larger accounts...and the majority of those still have their cash windows open,.. Which means little to no $$ coming in...The kiosks become boat anchors....why pay a fee when the cash window is open...plus..as I have posted before...they outsource just about everything..and also toss a lot of hardware at small sites...can't imagine they are showing any type of profit...and if they were..don't you think they would be shouting it from the highest mountain....also sounds like they just lost a large account in Mich... Someone should ask WHY? JMHO...
I have no idea who u are or your situation..but putting out info on a Company that is publicly traded...Especially if you spoke to someone at the Company...and it isn't "public" info is not right.....or legal...however I'm not surprised as this is a Pink and this kind of pumping happens all the time..
Just sounds like someone trying to either pump this up or someone with insider info that is not public..either way..not right...JMHO..
If they were profitable....they wouldn't need to dump shares....
I don't believe they have a sustainable situation..most of there accounts are small and according to what ive heard on this board...they dump a ton of hardware at even small sites..also they outsource just about everything...Cust service, IT....This is just what I have seen and heard..plus no info from the Company makes this very high risk..and with the massive selling.. It just doesn't look to promising..JMHO...
Looks to be tanking...Or a few people needed some Xmas $$ :)
28 Bed Jail?
That's perfect...said like a true fisherman's story :)
Isn't the IT Division a private company and not employees of the Company? Also I did my DD months agon and got out...however, I still post once in awhile just to bring a few things to everyones attention....The old Company Pacific Fin had tons of debit and then just moved it to CPSZ..even the old players (I believe ) are still in the background...If you google William/Bill Yotty you will find some interesting information on him and his companies...in fact he is a signer on the Clark Co Nevada Contract...and if you don't believe it..just go the the county website and do some DD like I did...I am agreeing with a few others that post here...if the Company was doing good/great...you would all be hearing about it...maybe they can get someone else to take it on...but with a large debt hanging over them....it would be hard to find a buyer....as Surf would say JMHO...
As far as Broward Co goes...and I am guessing that's where u are at...just saw a nice article...which is below...also Rikers Island has several providers who do the same thing...and the windows are still open to take cash...just do some DD and you will see...
INMATES BREACH JAIL COMPUTER NETWORK
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Written by Elgin Jones
ask-kiosk.jpgEJones@SFLTimes.com
FORT LAUDERDALE — Broward Sheriff’s Office (BSO) officials were forced to shut down one of the department’s computer networks after discovering inmates allegedly were manipulating the system to steal, and engage in prohibited communications with one another.
Officials are not disclosing information about the system —which is back online— or their investigation. Citing “internal security reasons,” BSO spokeswoman Veda Coleman-Wright said the department is “not at liberty to discuss the details.”
However, according to documents obtained by South Florida Times, one BSO official said inmates had figured out a way “to scam money out of the system.” They also said the practice had gone “viral” inside the jails, where inmates were suspected of receiving “free commissary” items.
The abuse occurred with Administrative Service Kiosk (ASK) terminals. They operate on a secured, custom network. The touch screen kiosks allow inmates to order goods from the jail commissary, file grievances, monitor funds deposited into their accounts, and perform other functions.
Several companies make kiosks. Those installed inside Broward jails are manufactured by Canteen Correctional Services, a company located in Mason, Tenn., that provides laundry, food, and other prison-related services. Tampa-based Trinity Services Group is the distributor. Both companies are subsidiaries of The Compass Group, the world’s largest food service contractor.
“I can confirm Broward County Jail is a client,” said Sara Hada, a Canteen Correctional Services spokeswoman. “However, Trinity Services Group cannot comment on issues related to security.”
The Massachusetts firm Prevatek Development LLC maintains BSO’s kiosks network. According to internal documents, BSO officials suspected the inmates were able to communicate with one another due to the way the network was configured. They also expressed dissatisfaction with Prevatek’s initial response to the issue and ordered the system shut down.
Paul Berian, Prevatek’s president and operations manager, declined to discuss the issue when contacted by South Florida Times. “I’m really not sure what you’re talking about,” he said. “I’m really not permitted to talk about any of the software, so I suggest you contact the Broward County Sheriff’s Office.”
Sources said the breach was discovered when items from the jail commissary were continuously being delivered to an inmate with no funds in his account. A confidential informant provided BSO staff with details on how inmates were manipulating the system.
BSO operates five detention facilities that daily house more that 4,600 inmates. The inmates are charged an $8 per day subsistence fee, which is withdrawn from their commissary accounts.
According to documents, the informant showed officials how inmates would place commissary orders and prevent the subsistence fees from being deducted.
The informant said inmates would place orders that exceeded the amount of available funds in their accounts immediately after friends or family members made deposits. After the orders were processed and scheduled for delivery, inmates would return to the kiosk and erase the order. Their accounts would show a negative balance, so the inmates would be considered indigent and the subsistence fee could not be deducted, but the commissary items would be delivered anyway.
When the inmates’ accounts reflected a positive balance from the erased orders, they would sign vouchers to have those funds released to a friend or family member.
Details of what the BSO investigation turned up have not been released, but sources say the amount of money involved is “substantial,” with more than 400 current inmates being issued disciplinary reports accusing them of theft and engaging in disruptive conduct for the improper communications.
“Between July 1, 2011 and August 31, 2011, your account login and password was used in such a manner as to avoid paying the subsistence fee collected from all Broward County inmates,” the disciplinary reports state. “These actions were in cohesion with a large group of inmates currently and formerly in custody in the Broward Sheriff’s Office and are in direct violation of the Sheriff’s Office Code of Conducts (sic) and could constitute theft, under Florida State Statutes.”
The number of inmates who were released prior to the problem being discovered is not known.
Inmate kiosks are intended to streamline processes and cut costs while freeing up staff to perform other functions. They are becoming commonplace in prison facilities around the country. Several companies manufacture the units and they are touted as being highly secure against tampering.
Palm Beach County use kiosks, but only in the lobbies of their facilities for public use, not inside jail cells.
Monroe County operates a three-facility correctional system. In 2010, the county contracted with Aramark Correctional Services to provide inmate kiosk services and have reported few problems.
“We have kiosks in every unit/dorm in all three facilities. To date we have had two cases where inmates were manipulating the system,” Capt. Tim Age, Operations Commander for the Monroe County Sheriff's Office, said in an e-mail to South Florida Times.
Age said one incident involved an inmate, who was assigned to the commissary, who used another inmate’s number to order items. The other incident involved a case of an inmate stealing and using another inmate’s password.
The date when BSO installed the kiosks and the costs involved were not immediately available. It is unclear what, if any, punishment has been handed down to the inmates accused of manipulating the kiosks or what steps are being taken to recoup any stolen funds or items.
Revenue from subsistence fees goes to Broward County. County administrator Bertha Henry said she was not aware of the kiosk problem.