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USA Technologies Inc. Message Board

  • forgotmorthanuno forgotmorthanuno Apr 13, 2013 8:19 AM Flag

    Herbert did not sell one share of USAT

    According to the SEC filing (and not some anonymous idiot poster) : ( 1) Represents a portion of the shares issued to Mr. Herbert in connection with the execution of the Second Amendment to Employment
    Agreement dated September 27, 2011 between the Company and Mr. Herbert, that were cancelled in order to satisfy tax withholding obligations. This was 10,483 shares.
    ( 2) Represents 35,000 shares of common stock gifted by Mr. Herbert to his father and 4,500 shares of common stock gifted to his sister.

    Lets review : Herbert owns 376,000 shares. His wife and child have roughly 60,000 shares and he gave his father 35,000 shares.

    He purchased in open market 10,000 shares at $2.28 on Feb 20,2013 when the 52 week high was $2.31.
    The very best insider buying signal known is when executives buy near 52 week highs.

    We're headed to re-test $3.74. The "perma-bashers" on this board were predicting the demise of the company last year when it was $1 .......... Looks like record earnings for this quarter again.


    Sentiment: Strong Buy

3.53-0.01(-0.28%)Feb 5 3:59 PMEST