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Microcap & Penny Stocks : USA Technologies

USAT 10.56

0.0%

Oct 31 5:00 PM EST

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To: tom virzi who wrote (185)	8/13/1998 12:32:00 AM
From: ccportfolio	Read Replies (1) of 359

Tom, I didn't stop by the hotel today, solely because it was rush hour and on the wrong side of the street.... I pass by it everyday on the way to work...so I'll check it out tomorrow... I'm not too concerned about whether their are lines or crowds of people waiting to use the machine...though the more volume the better for USTT... I think the Upscale hotels have to offer this as an amenity, not particularly as a revenue stream for them, just to have it available when needed by the traveling businessman... I spoke with Jon on the phone for a while and came out of it with a continued positive feeling for USTT... We discussed the fall in the stock price which he surmises is due to the $10,000 units that were sold earlier this year... they had exercisable warrants at which the stock could be purchased at .15cts per share... seems that it doesn't take too much to figure out that someone would exercise, buy at .15 and sell at .30 etc... thus driving the price down...then as the price goes down...other shareholders get a bit nervous and start dumping their shares....more downside... However, my guess is that if there is any further downside near term it should have a bottom around .15cts which is fine for me, because I'll continue to pick up more shares for a longer term view... As to profitability...Jon stated that it is very likely that the company will be profitable by the end of the 2nd Quarter of this year... not bad considering the 1st quarter is now halfway behind us... I'm accumulating...

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