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

To: Patrick Lauder who wrote (682)7/2/1998 2:50:00 PM
From: TraderGreg  Read Replies (3) | Respond to of 2493
 
I believe the confusion on pre-split shares occurred when someone called USXP and was told there were between 1 and 1.5mm shares long NOW, post split. Thus, multiplying by 70, would give us 70 to 105 mm pre split.

However, the class B shares, of which there are about 1 mm, DID NOT REVERSE. Only the 37mm class A shares did the reverse to around 530,000.

I believe that explains the confusion.

TG



To: Patrick Lauder who wrote (682)7/2/1998 3:28:00 PM
From: monu  Respond to of 2493
 
Sure you can! You might even get about 13 cents per thousand shares (post split and after the lawyers cut, of course). Folks, count the loss as experience. Unfortunately, we have many smooth talking, good looking intelligent people out there who are rotten to the core. Apologies to RA if he thinks I'm talking about him (but only if I'm color blind to his true colors). Also, I don't know what he looks like.


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