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


To: Rosemary who wrote (573)7/1/1998 6:08:00 PM
From: Jon Scott  Read Replies (1) | Respond to of 2493
 
As I've experienced with other hype companies, I'm certain there is a lot to uncover regarding any acquisition-mostly negative.
Simply put, a nearly worthless company is not magically buying a company of value. There will be a lot of notes to statements regarding merger costs and the usual band of excuses as to why the company is no longer generating 8 mil in revs. For example, "we just lost our best customer, who accounted for 99% of last year's revs".
If the acquisition truly had some meat behind it, some facts would have been disclosed.