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

To: jmt who wrote (623)	7/1/1998 9:28:00 PM
From: Clase Azul	Respond to of 2493

I highly doubt the financing is backed by anything but equity. Would anyone loan this company money against anything else? (is there anything else?) The short position can come from anywhere, not just offshore.

To: jmt who wrote (623)	7/2/1998 9:47:00 AM
From: WRAP_IR	Respond to of 2493

jmy wrote... Your analysis is scary...but How do you know the details of the financing? Is it convertable debt or not? This is the key to your scenerio. And the short position would have to be offshore. --------- It was mentioned in earlier posts that Israel Funding was involved in the financing. To the best of my knowledge, they operate in one way, and that way works well for them. That's a convertible pref stock. Yes, that is key to the scenario. I laid that scenario out assuming that earlier posts were correct regarding Israel Funding. If you were involved in TNRG, when that stock was once a couple of bucks back in 1995-1995 - IF I recall correctly, they engaged the services of Israel Funding (not 100% sure)but they did use a convertible style financing. Other companies that used a similar method (with unkown funding sources, but similar financing model) : AGTI, LBGF, CHNA, CHRB, TIRE, GBIT, NTBM, etc.. ect.. the list goes on and on... Now, if the financing was done with restricted stock or debt or a favorable convertible (if one exists) that changes my scenario. And yes, the shorting must come from off shore