USA Technologies Inc (USAT)

[FUNMAN]

I don't think mgmt can sell the company at this point. Insiders only control/own about 5% of the shares between 10 persons, and the fired Stephen P. Herbert owned 750,979 or 1.39%.

Any sale would have to be approved by the shareholders and I doubt that they would approve it, especially with Hudson owning about 16% of the O/S.

Institutional shares plummeted in 90 days time, from the 60+% range to about 11% excluding Hudson. This was a dramatic abandonment of a company.

If there was ever a vote of no confidence, this was it.

Market Makers must be holding huge bags of shares.

At this point, I would think everyone with money at stake wants Hudson to take over. There is no way the could run the company any worse.


I wonder when Hudson gains control, if they will go after Stephen Herbert's parachute?