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Microcap & Penny Stocks
USWE - US Wireless Data (formerly USWDA)
An SI Board Since March 1997
Posts SubjectMarks Bans Symbol
370 1 0 USWDA
Emcee:  plantman Type:  Unmoderated
This is an interesting situation.

Us Wireless was an IPO at $10 a share. The price quickly dropped to the $3 range. Initial investors filed a class action law suit base on over valuation of the IPO price.

While the case was in progress USWDA was delisted to the BB and has traded in the penny range ever since. The case was settled over a month ago, however news top this affect has not yet been released. I think, pure speculation, they are probably restricted from anouning the settlement until payment has been made.

So what's interesting? This is a good company with very low overhead and a good product/service. Additionally very little buying seems to move this stock (look at the chart).

They are in the credit card approval business, I should say they are going to be, they are just finallizing their first major client, a hotel chain. Most credit card approval companies charge 1.85% per transaction, it's a VERY profitable business. Plus the call in machine is usually sold to the client for around $500. USWDA is planning to charge 1.65% per transaction, and will supply the machine for free. Seems like they should win the contracts to me. A hotel chain with let's say 250 locations accross the US and $4000 plus transactions, mostly by credit card, per location per night would save $2000 per day. On the USWDA side, they would make $16,500 in the same night. This is for one client. USWDA only has 9 employees. Figure out the sales with lets say 10 clients, hotels and restaurant chains.

This stock is currently trading in the .25 cent range. Sound undervalued to you?
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370U.S. Wireless Data, Inc. Enters Into Agreement and Plan of Merger with StarVox Cleigh aulper-6/16/2006
369U.S. Wireless Data Vending Solution Receives Pepsi Trademark Authorization; Synaleigh aulper-12/18/2002
368U.S. Wireless Data Reports 105% Revenue Growth in Fiscal 2002; Continued Progresleigh aulper-9/30/2002
367Vital Launches New Wireless Payment Services Through Reseller Agreement with U.Sleigh aulper-9/17/2002
366U.S. Wireless Data and Paymentech Sign Three-Year Wireless Agreement NEW YORK--leigh aulper-9/5/2002
365This is an interesting stock. I've owned it for quite a while. It really pNorrin Radd-8/24/2002
364Cashless Vending Comes to Chicago; U. S. Wireless Data and PepsiAmericas to Instleigh aulper-8/12/2002
363Pay With Your Credit Card When You Take A Taxicab; U.S. Wireless Data and Centroleigh aulper-7/30/2002
362U.S. Wireless Data and NYCE to Offer Wireless Service for ATMs BUSINESS WIRE - Jleigh aulper-7/12/2002
361U.S. Wireless Data and Creditel Combine Forces to Enable Payment Transactions onleigh aulper-4/5/2002
360U.S. Wireless Data To Offer Cingular Wireless Data Service NEW YORK--(BUSINESSleigh aulper-3/26/2002
359U.S. Wireless Data Provides EBITDA Guidance; Expects to Reach EBITDA Breakeven ileigh aulper-2/14/2002
358U.S. Wireless Data Reports Results for the Second Quarter of Fiscal Year 2002 leigh aulper-2/12/2002
357Just Swipe and Sip: Pepsi Introduces Credit Card Vending PURCHASE, N.Y., Dec. 20leigh aulper-12/20/2001
356U.S. Wireless Data Announces Results For The First Quarter of Fiscal Year 2002, leigh aulper-11/16/2001
355First Data Merchant Services Certifies U.S. Wireless Data Technology NEW YORK-leigh aulper-10/24/2001
354U.S. WIRELESS DATA, INC. CONSOLIDATED STATEMENTS OF OPERATIONSleigh aulper-9/24/2001
353Want to send this story to another AOL member? Click on the heart at the top of leigh aulper-9/24/2001
352ToLeaseIt.com Signs Distribution Agreement With U.S. Wireless Data NEW YORK--(leigh aulper-8/22/2001
351U.S. Wireless Data Consolidates Operations Centers in a Drive Toward Profitabilileigh aulper-8/9/2001
350New York Livery Cabs Install Wireless Credit Card Terminals, Announces U.S. Wireleigh aulper-8/7/2001
349U.S. Wireless Data and Concord EFS Sign Marketing Agreement; Concord EFS to Offeleigh aulper-7/12/2001
348no one i knowleigh aulper-6/6/2001
347does anybody cover this stock?Ben Wa-6/6/2001
346National Processing Company Selects U.S. Wireless Data for Wireless Point-of-Salleigh aulper-6/6/2001
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