US Automotive Manufacturing Inc (CE) (USAM) News

USAM SEC Suspension because of questions regarding the adequacy and accuracy of information about the company.

https://www.sec.gov/litigation/suspensions/2021/34-91170.pdf

Order:

https://www.sec.gov/litigation/suspensions/2021/34-91170-o.pdf

USAM more accumulation here

Never mind, looks like FDP bought out their assets in 2001, not sure what's going on here

USAM possible link with FDP Brakes?

This website shows the CEO of USAM, Martin Chevalier, and lists corporate info and phone number.


www.bloomberg.com/profiles/people/3586551-martin-chevalier



Martin Chevalier
President/CEO, US Automotive Manufacturing Inc
Career History
President/CEO US Automotive Manufacturing Inc, 8/1997-PRESENT


Corporate Information
Address:
Route 627
Airport Drive
Tappahannock, VA 22560
United States
Phone: 1-804-443-5356
Fax: 1-804-443-5611


Website showing same address and phone number as FDP Brakes. FDP Brakes has 250 employees according to this link, not sure what is going on here but may explain the recent accumulation.


www.usbizs.com/VA/Tappahannock/FDP_Brakes_1q12.html

USAM accumulation continuing/ugly spread .0084 x 2.50

USAM- As of December 1, 2000, the Registrant had 1,329,492 shares outstanding of its common stock, $.001 par value.

Last known O/S was 1.3 million, looks like someone trying to buy up the float on the cheap IMO

Strange movement on this. Up a bunch on 10,000 share trade.

This is one of the first stocks I purchased before online trading! Yes, that's how old it is. What I have is worth nothing, but its fun to track this POS to see who owns it.

Anyone in a chatroom for stocks?

Anybody able to figure out what is happening? It was nothing for a long time and in the 2016 it is acting like it wants to come to life. Had some decent trades so far. A bit scary but it is active.

Interestingly, this company filed bankruptcy and sold its assets in 2001. So that begs the question - why is this ticker still here and trading? Why doesn't it have a Q at the end or why wasn't it dissolved in 2001?

Trying to dig for more, but that's all I've seen so far. R/M happening? No idea why this would be trading...

Guess I will be the first one posting. Doing DD here this weekend