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

To: Harpo who wrote (61)	7/23/1999 7:44:00 PM
From: Harpo	Respond to of 133

biz.yahoo.com "Insisting its finances are sound, it has also denied allegations that it had hired an investor relations firm to pay brokers to promote its stock" Hadn't heard this one yet.

To: Harpo who wrote (61)	7/24/1999 7:47:00 AM
From: Q.	Read Replies (2) \| Respond to of 133

It took the company two days to figure out how to spin-meister its news release, and that's what they came up with. Let's parse it: The headline "Unistar Announces Recision of Stock Dividend and a Review of Amex Listing Application" is written in a way to distract the reader from the more important item, by listing the stock split first and then the AMEX review. The headline also is vague because it does not make it clear that the review of the AMEX listing is being done by AMEX rather than by the company. In the text, they are a little clearer, but there is still something hidden when they say this: "in light of the recent volatility in the trading price of Unistar's common stock, the Nasdaq-Amex Market Group, which administers the American Stock Exchange (Amex), is reviewing Unistar's listing with the Amex, and has asked the Company for information to determine if any additional disclosures are required. Pending the completion of this review, Amex has suspended trading of Unistar's stock on the Amex." What is the nature of the additional disclosures that the AMEX is seeking? The company must surely have an idea, but they are hiding it in this newsrelease. We'll see if they file an 8-k, as they should, to report this material development. Maybe we'll find a more complete version of the truth there. re. "The Company is cooperating fully in the review process." they always say that when they are being investigated. re. "and is uncertain when trading may resume." I suppose it is possible it will never trade on the AMEX again. One possibility, and this is my speculation, is that the stock will show up on the pink sheets after a few months, and we will have to wait until then.