UNIVERSAL EXPRESS INC - USXP Message Board

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Microcap & Penny Stocks : UNIVERSAL EXPRESS INC - USXP

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To: lakers17 who wrote (430)	6/30/1998 6:40:00 PM
From: blash	Read Replies (3) of 2493

Telephone conversation with RA My apologies if this is old info but I haven't had time to read the previous post since I am trying to get this to you while it is reasonably fresh to my recall. Altomare was totally upbeat and audibly upset by the way this stock has been treated on the market. He has attributed this to the MMs and the "naked shorting" (his words) that he believes exists in the range of 60-100M shares. This is conjecture on his part from the 495M shares sold since Jan 1, 98. The reverse split was designed to "catch the shorters" (again, his words). The Board decided before the Skynet news became public that if the stock didn't rise, they would commit to a RS. They considered 1:20 to 1:100 and decided on 1:70 because it fit the NASDAQ requirement to get the stock above the threshold stock value, but more importantly was high enough to flush out the shorters. (Frankly, I don't understand why there is a relationship between the # of shares and the pressure it thrusts on the MMs who are short, but maybe someone can help me with this). The share # is between 1-1.5 M as others have reported. He states that the Company has been authorized to create 300M (not 50M) shares and that this info is public (he wasn't sure where I could find it though). He clearly stated that this is "the best time to buy". There are 3 major events that have occurred that should make everyone optimistic: 1. 10M in financing,2. settled convertible debenture, 3. Skynet. The 10M is "in the bank". It is to be used to close the Skynet deal as well as to use to shop 2 other companies USXP is considering buying. Additionally he has met with 2 other financing companies recently, to presumably acquire more funds for other acquisitions. Finally, he has accepted an invitation to appear on Stockmeister (whoever/whatever that is) to answer all questions that he can legally answer without getting in trouble with revealing info restricted by the SEC. I asked when and he didn't know but advised me to call Stockmeister. If I can remember any more I will post another message when I get home.

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