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Microcap & Penny Stocks : USTI UNITED SYSTEMS TECH INC -- Ignore unavailable to you. Want to Upgrade?

To: Mel Fox who wrote (971)3/14/2000 11:37:00 PM
From: orygun  Read Replies (1) | Respond to of 1001
 
USTI - MM's walked this down abruptly after the opening bell on Monday. With a record 10M volume the day before it only gapped to .52 from .50 on Friday, which BTW was the high for the day. Record high - record volume - gap 2 cents! Is this what you would call manipulation or what? LOL! These kind of shenanigans will help make a bold appeal for some sort of ECN trading for OTCBB stocks. I really think its not too far away. We really only need a place to account for our trades.
Now on Tuesday, it's closed at .37 and is probably heading a little lower before support. I really thought it was going to open much higher on Monday. Now its selling at the same price as a lot of shells that have no business. So the story remains the same - undervalued. Let's see what transpires at the end of the month earnings. Could be interesting. This one is severely undervalued. Time will be the equalizer.



To: Mel Fox who wrote (971)3/24/2000 10:41:00 AM
From: Pied Piper  Read Replies (1) | Respond to of 1001
 
Look out! After hammering the price down for the last while, it looks like the MMs are finally letting USTI go. We are up 5 cents today already.

This is not before time. We have the annual report due in a few days and, by all accounts, earnings should be good, maybe very good.

Piper



To: Mel Fox who wrote (971)6/19/2000 2:09:00 PM
From: Walter Morton  Respond to of 1001
 
USTI's cash level isn't as good as they make it seem. At end of 1999 it looked like USTI had increased its cash by over 90%. Well it looks so good because USTI did not pay all of its obligations. USTI was late paying over $570,000 in preferred stock dividends. If USTI had made that payment on time, USTI would have been left with about 25% LESS cash than it had in the previous year.

Source: USTI's 1999 Annual Report


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