USA Technologies Inc (USAT)

[blue_skies]

from the motley fool

"The company is opening an internal probe into accounting practices and financial reporting."

The SP has declined by over 60%

God knows how many class action suits there are. I went to yahoo finance and kept scrolling down and down and all I saw was class action law suits. The sharks smell blood and are circling.

So why is it taking so long to release results. Well the company is probably restating results for God knows how many quarters. The management needs to be able to state with 100% confidence that the problem has been fixed. And by fixing one problem they are not creating another. The management can not change what HAS happened but the can try to rebuild their credibility by getting it right. There is no room for mistakes. It is better to take longer and get it right.