USA Technologies Message Board

STOCKTALK

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 10.56

-0.2%

Oct 30 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: ccportfolio who wrote (265)	10/26/1998 2:44:00 PM
From: slvfx	of 359

Its my understanding that there have been offers for the company. If this is true the the preferred stock has first got to be paid out of these funds prior to any monies going to the common stock. Most of my investment is in the preferred stock which is earning a return which is good. The only problem with the interest is that it wont be paid out by the company anytime soon with cash but I can redeem the interest in common stock at $1 per share. I know that doesnt look good now but could be quite good once this thing begins to fly. The diference I see with what your looking at is that you will be paid in cash at the 12% rate. The paperwork goes into all the detail. I really believe that we should see some upward movement in the next 30 days. If the 1.5 gets done in november and get the 600 estimated from oct. then all that is needed is 1mil in december we should show in the black for the secound quarter. Thats got to be worth something. On top of that the big announcement that jon was talking about hasnt happened yet. If that comes then we could see things heat up pretty fast.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next