UNIVERSAL EXPRESS INC - USXP Message Board

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Microcap & Penny Stocks : UNIVERSAL EXPRESS INC - USXP

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To: TraderGreg who wrote (380)	6/30/1998 3:06:00 PM
From: lakers17	Read Replies (3) of 2493

My take for what it's worth.......... All of you sound like I did two years ago after their first reverse 12 for 1. The bottom issue here is trust and confidence in the company. Myself and others were told by Altomare that there would not be a reverse split. Obviously he lied. He is a good salesman and I do not believe him any more. Any ethical CEO would have valued his shareholders and kept them informed. I still hold my 1/12 and 1/70 shares in this company. These warrants until I hear differently are a joke. Both the class A and Class B warrants are restricted meaning once exercised you won't be able to sell the shares for a designated period of time which hasn't been determined...WHICH ACTUALLY MEANS YOU COULD LOSE MONEY AGAIN BECAUSE ONCE THE WARRANT IS EXERCISED, YOU HAVE TO WAIT TO SELL. IF THE PRICE OF THE WARRANT DROPPED TO LESS THAN YOU PAID FOR IT, YOU LOSE AGAIN. VERY SMART OF ALTOMARE. One thing about Altomare, is that he is smart. He'll keep us all roped in. I couldn't care less about this company right now. I'll hold what's left of my reversed shares as a reminder to not give faith to a CEO who has been dishonest while cunning to his shareholders and kept me in the dark. As I told you we are now finding out the outstanding shares were in the 100,000,000 range as I told you. I was told they could do this by their bylaws in their charter. If Altomare repeats his history he will start giving away shares and dilute the stock AGAIN. After the last split there were less than a million shares outstanding and look where it ballooned to. THESE ARE FACTS. I for one will track the company but will not buy 1 share of this new stock. If you read my posts I was laughed at after the last split because I actually bought shares of PKGP over $1. Now people you are in the same boat. You have to buy shares at over $2. I will put my investment dollars into other stocks not one dime into USXP. As I predicted the stock opened at $2 not $2.80 but the only surprise here is the stock is actually up from $2 today. A lot here hinges on Skynet. If it falls through again you are really dead in the water. It all depends what he offers them for the deal as well. How much cash and shares hopefully restricted. If you believe in the company people, go for it. Keep buying. For those wanting to voice their displeasure try calling Altomare on his car phone at 516-721-0261 or bombard the company with faxes at 516-349-8036. Most of you are willing to call Barbara Halpern. She will only tell you what Altomare wants her to tell you. How could she not know the exact amount of shares? She has worked there for a long time and this is a very small company. People we are being manipulated. Time and time again Altomare has shown little regard for his shareholders. At least do something to vent and fax your anger, displeasure or DEMAND A WRITTEN NEWS RELEASE FROM ALTOMARE! Do what you feel is right but USXP will not see anymore of my money since they already own good chunk of it. Lakers

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