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Microcap & Penny Stocks : UNIVERSAL EXPRESS INC - USXP -- Ignore unavailable to you. Want to Upgrade?

To: jack who wrote (334)	6/30/1998 12:56:00 PM
From: Coolbreeze	Read Replies (5) \| Respond to of 2493

OK, I just got done speaking with Barbara Halpern and my broker Heres the scoop from my broker: 1. The new stock can be traded right now (but only through a broker) 2. The warrants will be for all shareholders as of todays close 3. The warrants will trade under their own symbol(s) 4. If you were to sell tomorrow you will still own the warrants 5. It will probably take about 5 days for account to show everything as it is currently. At this time you will be able to trade via online Heres the skinny on USXP via Barbara 1. The difference between the common and "restricted" shares is that the warrants when converted into restricted shares must be held for a specific period of time. She does not know the time frame yet 2. ICC was dropped because USXP has gone through their transition and no longer require ICC's service (handling influx of calls from shareholders) 3. USXP wants shareholders to call in the CERTS because they still believe there is a substantial short position.(???) 4. She is not sure the exact number of shares outstanding but estimating the total shares outstanding post-split to be around 1,000,000-1,500,000 shares. This would put the total outstanding pre-split to be around 70,000,000-100,000,000. Dummy me, I forgot to ask how a fully reporting company can issue more shares than were authorized without filing for an increase. I put a call back in, waiting for a reply. 5. She also is not sure why the reverse split was never mentioned along with the news releases concerning the name change. She is going to have somebody else who know this call me and explain 6. She confirmed that the Skynet deal has not been completed yet. Expects finalization to be mid-end of July. This is all I know so far!! CB