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

To: TraderGreg who wrote (525)	7/1/1998 9:50:00 AM
From: acyberguy	Read Replies (1) \| Respond to of 2493

This sounds like it should be illegal.....kind of like printing money when you run short.Oh well, I got in this one for a roll of the dice and it looks like snake eyes! No sense of getting out now , I'll take the ride to the bottom if that's where it goes.

To: TraderGreg who wrote (525)	7/1/1998 10:03:00 AM
From: WRAP_IR	Respond to of 2493

Stocks tank after a reverse for many reasons -- primarily, everyone in the world knows that the stock is as weak as circus lemonade and has probably been forced into reversing the stock by a promoter or financing source. In this case, the financing source who has done a Reg S (LOL LOL LOL) for proably $1.00. Now, the Reg Ser's will short the stock (because they are off shore they can short BB stocks) and sell at $2.50 (opps $2.375). They cover their short at $1.00 at conversion and make a tidy little profit (about $10,000,000 or so) not bad for a days work. This is a classic scam, and a primary reason for the SEC to be in a regulatory frenzy. Anyway, Jester is not speculating, and neither am I, but I think is $1.00 estimate is a little high. You now have selling coming from everywhere. PKGP has fired up the printing presses and the certs are rolling.