SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : USA Technologies
USAT 10.560.0%Oct 31 5:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: SnakeInATuxedo who wrote (219)8/19/1998 9:51:00 AM
From: Jon Siegal  Read Replies (3) of 359
 
There are no plans for any reverse splits...

I know how frustrating it can be to watch this stock price right now...but let me add a couple of things. First off, it looks very possible that a major annoucnement could be made sometime in September...of course, anything can happen between now and then..but it looks very good right now, and that announcement would be a deal with a company that is larger than IBM. I'm telling you, its a very good thing.

Secondly, consider this for a moment...USA's goal is to be profitable by the end of the year. In order to be profitable, the company has to be generating revenues of about $1 million per month....12 million for the year. We will then have a company with at least $12 million in revenues, profitable, with major alliances with IBM, MBE, and quite possible annother "biggie"....I am not an analyst..but I would be willing to wager that a $12 million revenue generating, profitable company is worth more than $0.16 per share...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext