UNIVERSAL EXPRESS INC - USXP Message Board

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Microcap & Penny Stocks : UNIVERSAL EXPRESS INC - USXP

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To: Coolbreeze who wrote (342)	6/30/1998 2:10:00 PM
From: Jester	Read Replies (2) of 2493

This is the worst case of bad faith on the part of a company I have ever seen. Unfortunately, I see a lot of acceptance that you got screwed as a group and that's the way it goes. This situation should absolutely be presented to an attorney and reviewed for possible fraud. A class action suit may be filed on behalf of the shareholders if fraud is found even if they are unnamed. What you need is a large shareholder who can show damages to present it first. The response you received from Halpern is just as insulting as what they did in the first place. (taken from your list from Barbara) 1. Warrants. To buy more stock at fantasy prices. The conditions are more laughable than the warrants themselves. $6 a share? On what planet? They are also post split warrants meaning you receive them for every 24 shares you owned yesterday. I don't see any way this stock will last the week over $1. 2. ICC. PKGP signed a one year contract to be represented by ICC. They terminated 2 months later. Meaning they broke the contract. Bad faith just like everything else they do. They are right they don't need them any more. ICC would never be able to explain this behavior and they got shafted monetarily on the reverse as well. 3. I bet there is a short position now. I would be shorting it too now if I got involved in shorting BB stocks. But, I don't. There is a real possibility that the short position whether it be new or old will have a great effect on the future. The company is very vulnerable right now. Reverse splits are statistically great bets for shorters. 4. 100,000,000 share float. The company says 70-100. How many want to bet its closer to 70. No chance. How often did we hear estimated at 38-40 million. They knew all along. No way to short squeeze with that kind of float. Trading indicates that shares were being sold off as fast as they were bought. So no price increase. Who wants to bet it was insiders selling off? 5. The coupe de grace. The reverse split. Somebody just FORGOT to mention it to the shareholders. Would anybody here have been buying shares if they knew a reverse split was coming? I wouldn't. Reverse are always bad for a company that has not proven itself a revenue generator yet. Talk about lying through your teeth. I'm surprised she had the guts to even say this. If Altemore hasn't left the country he should have. 6. Skynet looks like a class operation to me. Anybody else think that this company will be able to acquire them? Maybe they are telling the truth about this. What are the odds? Show me one person at Skynet who says this might happen. Don't lie down and take this. Notify the SEC. Contact a lawyer. It doesn't matter if you don't own the stock any more. All that matters is whether you have damages. This company is counting on you to take the attitude that it is a penny stock and that's how it goes. djb

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