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Non-Tech : UAI - Unistar - BB reverse merger that moved to AMEX -- Ignore unavailable to you. Want to Upgrade?

To: Q. who wrote (31)	7/22/1999 5:42:00 AM
From: RockyBalboa	Respond to of 133

where the $700 M market cap and all those shares came from: UAI has 24,370,422 shares outstanding as of April 30, 1999 We have: 53,3k shares, the original investment, held at USFH 19.777 k shares issued for the purchase of IFHC 169,7k, the stub for old Caldera owners. -------- =20.000k Then 3.975 k shares remaining at Rockford, Bahamas for the purchase of USHF 2.055 k shares for Mr. Feldman The last one is interesting. The 2M shares have been, as stated in the ok for an "investment" in ISFH which, at the time was owned by S, N & C. N, as an experienced reader of SEC filings, one question to you. The 2M feldman shares, are that shares from the company, newly issued, or are they diverted from the old shareholders (as part of their consideration for the ISFH merger) to Mr. Feldman. In any case I would expect to see filings for either selling shares to Mr Feldman, or issuing shares, no?

To: Q. who wrote (31)	7/22/1999 6:19:00 AM
From: RockyBalboa	Respond to of 133

N, [Off Topic] - it has nothing to do with UAI. a crude way to bilk out millions of a shell. Note that this example may be a bit stressed, but with the prevailing environment in the U.S. it works. (Note that "you" means "one", not "you", N). The sole purpose of this post is to show the credit risks U.S. brokers may incur: First, found, or buy a company and let them trade somewhere. Make sure that one of your offshore partners gets in a way to obtain shares - restricted or not, don't bother. So the offshore partner should own a decent amount of shares which should became freely tradeable after some time. Also, get an offshore broker who has access to the markets, and lets you sell your shares, as required. When the certificates get unrestricted and tradeable, even put a part of them to a U.S. broker as collateral. When the company's shares are established, trade frequently and are marginable at U.S. brokers, you may begin with the work. Loan out some money and fund an account at a U.S. broker, even an online broker. Open a margin account, not a cash account. Then, slowly begin to buy the shares of the company while the company maybe releases breaking news about its developments. When you buy shares at the open market, make sure you buy the shares that are offered by the offshore partners or by another one who has the certs. It even can happen that normal folks buy shares, but that is no problem. There are enough shares offered. The seller also may slowly increase the price because of the ongoing buying pressure. Because your account at the U.S. broker is out of puchasing power, loan more money, and buy more shares. When you have bought enough, then you simply stop. Sell some of the shares or simply hide. But make sure that the offshore partner earlier withdraws the money he got from selling the shares at the market. Don't do it at the Nasdaq because others will step up and short too much pieces, also the MMs could short you the shares you try to buy. ........

To: Q. who wrote (31)	7/22/1999 9:49:00 AM
From: RockyBalboa	Read Replies (2) \| Respond to 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.