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


To: Coolbreeze who wrote (342)6/30/1998 1:07:00 PM
From: Jon Scott  Respond to of 2493
 
Without a doubt, this looks like the typical BB scam.
A bunch of "I don't knows" and "we'll certainly have to look into that" crap.
.>>>>>2. ICC was dropped because USXP has gone through their transition and no longer require ICC's service (handling influx of calls from shareholders)<<<<<
Just an answering service or paid to pump and "professionally" shirk the real issues?
>>>>>>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<<<<<<
Just a minor oversight??
>>>>>6. She confirmed that the Skynet deal has not been completed yet. Expects finalization to be mid-end of July.<<<<<<
Worthless BS
All sounds too familiar to me.
There is more going on behind closed doorsof many of these BB scams that any "newsgroup" will uncover.
Check Altomare's background. He may be the same one involved in a convention center fiasco in Valley Forge, PA 15(?) years ago



To: Coolbreeze who wrote (342)6/30/1998 1:10:00 PM
From: jmt  Read Replies (2) | Respond to of 2493
 
I spoke to Barbara a few minutes ago also...

And as a result of my financial questions she stated she would ask Chris (General Counsel) or RA to phone me back directly. I will report on the call if it happens (PS will be on LI friday and tried to set up a meeting, but they said they will be closed).

The question you forgot to ask is a good one, and may piggyback on the final settlement of the debentures. If you do speak to BH, please ask about the shares outstanding in excess to those authorized, and if total shares outstanding are a result of new shares issued to satisfy debentures. Also, what is the status of the final settlement?

It is possible if insiders control a majority of the common shares, they could have privately voted to increase authorized amount.

Thanks,

jmt



To: Coolbreeze who wrote (342)6/30/1998 1:42:00 PM
From: MMpro  Read Replies (3) | Respond to of 2493
 
A reverse split which leaves the company with only 1 to 1.5 Million shares seems very odd. Why so few shares? Unless there will be more shares issued shortly...

Exactly what is know about the financing for the SKYNET deal? Is it possible that the 70/1 reverse split is just a prelude to a SKYNET reverse merger, whereby USXP acquires SKYNET by issuing say 6 to 8 Million new shares to SKYNET?

Anyone think this scenario possible?

Peace

Riccardo



To: Coolbreeze who wrote (342)6/30/1998 1:58:00 PM
From: Happyman  Read Replies (1) | Respond to of 2493
 
If you have time, please read, This is my last post on this thread,
Don't be a fool any more. There are so many holes here and there. We could be a fool once, if second time, we are really DUMB.

1. An in-house PR do not know the exact # of outstanding share of a company? give
me a brake!!. I really don't know how they could authorize more shares without filling
to SEC. ICC did not disclose # of outstanding before, now in house PR do not want
to disclose exact # of outstanding. She said 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. Evidence already here: first, they did not want to
disclose this gigantic share # before split, then they did a reverse split to confuse share
holders about the total # of share outstanding. Warrants is just a smoke, I won't be that
stupid to pay my $$ to purchase this piece of shit.
Watch out Warrant seems another trick here.

2. In regards to the timing they announced all these news lately, I really feel USXP was very snaky. Investors have to focus on the intention of the management instead of the surface news. They are snaky.

3. Stock Prices did not move up with very high volume. got answer now.

4. Can you guarantee that USXP won't issue more shares later?

5. Do you still believe SKYNET deal, be my guest, they can fooled once. No Second time,

6. do you still believe APAC stories? Be my guest!

8. More.... but I do not have mood to continue.

I got a lost, I won't act like LAKERS and hold it for two years. Make your own judgement Trading BB stocks is a gamble as I said before, let gone be by gone.
This is my last post on this thread, bye, take care.



To: Coolbreeze who wrote (342)6/30/1998 2:10:00 PM
From: Jester  Read Replies (2) | Respond to of 2493
 
This is the worst case of bad faith on the part of a company I have ever seen. Unfortunately, I see a lot of acceptance that you got screwed as a group and that's the way it goes. This situation should absolutely be presented to an attorney and reviewed for possible fraud. A class action suit may be filed on behalf of the shareholders if fraud is found even if they are unnamed. What you need is a large shareholder who can show damages to present it first. The response you received from Halpern is just as insulting as what they did in the first place.

(taken from your list from Barbara)

1. Warrants. To buy more stock at fantasy prices. The conditions are more laughable than the warrants themselves. $6 a share? On what planet? They are also post split warrants meaning you receive them for every 24 shares you owned yesterday. I don't see any way this stock will last the week over $1.

2. ICC. PKGP signed a one year contract to be represented by ICC. They terminated 2 months later. Meaning they broke the contract. Bad faith just like everything else they do. They are right they don't need them any more. ICC would never be able to explain this behavior and they got shafted monetarily on the reverse as well.

3. I bet there is a short position now. I would be shorting it too now if I got involved in shorting BB stocks. But, I don't. There is a real possibility that the short position whether it be new or old will have a great effect on the future. The company is very vulnerable right now. Reverse splits are statistically great bets for shorters.

4. 100,000,000 share float. The company says 70-100. How many want to bet its closer to 70. No chance. How often did we hear estimated at 38-40 million. They knew all along. No way to short squeeze with that kind of float. Trading indicates that shares were being sold off as fast as they were bought. So no price increase. Who wants to bet it was insiders selling off?

5. The coupe de grace. The reverse split. Somebody just FORGOT to mention it to the shareholders. Would anybody here have been buying shares if they knew a reverse split was coming? I wouldn't. Reverse are always bad for a company that has not proven itself a revenue generator yet. Talk about lying through your teeth. I'm surprised she had the guts to even say this. If Altemore hasn't left the country he should have.

6. Skynet looks like a class operation to me. Anybody else think that this company will be able to acquire them? Maybe they are telling the truth about this. What are the odds? Show me one person at Skynet who says this might happen.

Don't lie down and take this. Notify the SEC. Contact a lawyer. It doesn't matter if you don't own the stock any more. All that matters is whether you have damages. This company is counting on you to take the attitude that it is a penny stock and that's how it goes.

djb