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Net 1 Ueps Technologies Inc. Message Board

  • wampum1m wampum1m Dec 6, 2012 12:33 PM Flag

    News anytime now on investigation dropped due to lack of evidence

    IMO. news may come anytime to investigation dropped due to lack of evidence. How will they prove bribery? That's why I'm holding for now.

    Sentiment: Strong Buy

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    • What is so ridiculous is even if the investigation had a smoking gun, and UEPS admited to bribery (extremely unlikely) UEPS may get fined 1 or 2 million at the most. This would be less then a 1% drop from where is was trading before the sell-off. Only in the stock market is truth stranger than fiction-- I still can't believe UEPS lost over 50% of its market value-- totally nuts !! UEPS is a very solid company, fantastic product, a history of integrity in business, doing in business in a part of the world few have the confidence or skill to enter. Expect us to reach $8 before end of December.

      Sentiment: Strong Buy

 
UEPS
12.32-0.37(-2.92%)Apr 17 4:00 PMEDT