UAI - Unistar - BB reverse merger that moved to AMEX Message Board

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Non-Tech : UAI - Unistar - BB reverse merger that moved to AMEX

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To: Q. who wrote (31)	7/22/1999 9:49:00 AM
From: RockyBalboa	Read Replies (2) of 133

From the Street: As shares of Unistar Financial Service (UAI:AMEX) tumbled 55% over two days last week, the American Stock Exchange halted trading for news, and yesterday the stock was halted once again before the opening bell for unspecified reasons and never resumed, reported the Heard on the Street column in The Wall Street Journal. The column said that last week the company's CEO said there weren't any material developments and there wasn't any word yesterday, either. But in documents filed with the Texas Department of Insurance, one piece of news not disclosed in financial filings is that Unistar last month told regulators it plans to sell a key subsidiary to its principal shareholders, the Journal reported. The company's CEO said Unistar hasn't disclosed the planned sale in financial filings because it concluded it was too small to be a material transaction, the Journal reported.

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