Universal Express Inc. (OTCBB: USXP) today announced that it has filed a multimillion dollar lawsuit against First Call and Thompson Financial for compensatory and punitive damages in connection with First Call's removal last month of a posted recommendation and target price from its summary on Universal Express.
"Universal Express' attorneys commenced this suit for compensatory and punitive damages against First Call and Thompson Financial in the Supreme Court of the State of New York, County of New York," Docket No. 104188-07, stated Chris G. Gunderson, General Counsel of Universal Express.
"Universal Express has received more than $700 Million in jury awards against naked shorters, including over $275 Million in punitive damages, awarded by two separate juries and will defend its rights and the interests of its shareholders. I am confident that our litigation against First Call and Thompson Financial will right their wrongs," concluded Mr. Gunderson.
"The facts remain simple. An analyst report summary appears from First Call on the internet. We verified the existence of the summary and we announce. Then four days later the recommendation and target price mysteriously disappears from the report with the comment 'No analyst consensus'," stated Richard A. Altomare, President and CEO of Universal Express, Inc.
"Are market makers, brokers or hedge funds short this stock now afraid of analyst opinions? Damages and malfeasance towards our Company and its shareholders will always be defended by this Company," concluded Mr. Altomare.
About Universal Express
Universal Express, Inc. is a 23 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Universal Express Inc.
Posted by tmanfromtexas on :
CONGRATULATIONS!!!! You have now started the 21st thread on USXP in the last year. WOOHOOOOO. That is one for every 17 days for the last year, or one for every 12 days excluding weekend days. Thanks TMAN...
Posted by cottonjim on :
So let me get this straight, they put out a PR about how their large source of income is from sueing other people, including now sueing First Call for accidently using USXP's symbol in the valueation of another company with a similar symbol. Yepper this one of those straight shooting companies that I want to invest my money in. Maybe I will buy $1.00 worth then start a thread about my new purchase, or not. LMAO
Posted by tmanfromtexas on :
I dont guess they have to show those huge jury awards on their 10Q, since I havent seen them. I guess the awards if ever recieved will support the company but the poor shareholder that bought at .10 cents 18 months ago, will feel very vindicated if they win this lawsuit. GLTA. TMAN...
Posted by cottonjim on :
OMG, I just realized something...... I am a basher, excuse me while I go drink some drano, lol.
Posted by Hitman on :
Couldnt find the other post.... Ive fliped several times and made lots of $$$ with flips.... Gr8 stock to flip.... It does move up and down and news/Whatever comes out lots.... I have never lost money on this one.... Had to hold a while but lucky with it so far.... Will make some $$$ shortly again with a flip.... It is a penny so you play it like one..... Scam or not
Posted by cottonjim on :
No doubt about that, I choose not to take a chance on this one. If you look close enough you can see the marks on the stock where it's been touched by 10 foot poles, JMO
Posted by stocktrader2006 on :
Someone told me recently to stop wasting my time and that there is no need to bash this POS.....lol
Posted by triovestor on :
Your right hitman ....
This is an easy one to predict . Ofcaurse it will make many for those buying at theses prices . I simply buy at these prices and wait ... It always goes up . But this stock has the potential of really going up and when we least expect it . And far higher than it did last year,
All stocks are risky ... some more than others .
But when they move ... NOTHING MOVES LIKE THE PENNY STOCKS .
Not Coke , not Mcdonalds , not Disney ...NOT ANY .
Might be 1 out of 30 .... But oh how they move .
And I for one do not think last year was the best that USXP can do . So always keep some shares it .
Posted by Hitman on :
Yep... I have made some money on this one every time i buy it ... buy low sell on a little uptick.... works gr8 here
Posted by tmanfromtexas on :
Hitman, there is a search button on the top of the page that will let you search for just about anything that has been posted. Just trying to be helpful. TMAN...
Posted by Hitman on :
TMAN.... thanks lots..... I have never seen it b4... have been scrolling back thru the pages to find what i needed..... Wow Cant believe i didnt figure that one out.... Thanks lots for the tip
Posted by triovestor on :
I hope this ticks down a bit more { so I can capture even more shares } . But I don't really think it will . And besides ... I'm ok with the current price and have been all week . I just like to take advantage when fear selling sends price lower .
I will try and buy more tomarrow ..... or even maybe monday.
Oooh ! scary .. better sell ... Give me your shares . Posted by dollar13 on :
I FEEL BAD FOR NOT HAD SHORTED THIS POS..WHEN IT WAS AT 0.005's
PERHAPS I SHOULD DO IT AT 0.001
GUNNA HIT THE GROUND Posted by triovestor on :
I will be happiest guy in the world if this goes down further . My funds are ready .
I was patient enough to wait all this time for it to get to these levels .... any lower is even better . Simply more shares to have .
Life is goooooood Posted by T e x on :
quote:Originally posted by cottonjim: So let me get this straight, they put out a PR about how their large source of income is from sueing other people, including now sueing First Call for accidently using USXP's symbol in the valueation of another company with a similar symbol. Yepper this one of those straight shooting companies that I want to invest my money in. Maybe I will buy $1.00 worth then start a thread about my new purchase, or not. LMAO
lol, pretty good summation...
Posted by IMAKEMONEY on :
YEP THIS IS ONE BIGGG POS STOCK, STAY AWAY FROM IT!!! JMO.
Posted by triovestor on :
You stay away from it ..and I will by it .
Ofcaurse it's a pink { 23 years in operation though } .
Can we make money off it . Let me think on that ....Da
HELL YES !!!!! Posted by IMAKEMONEY on :
THE FIRST RUN I MADE SOME REAL GOOD BANK, THEN BOUGHT AND SOLD IT TWO MORE TIMES ON HYPE AND MOMO NOW ITS DEAD IMHO GOOD LUCK.
Posted by dollar13 on :
Posted by TopRob on :
Most of these sub-penny stocks are POS, but you got to know when to get in and out. I made the most money on USXP than any other stock about a year ago where I bought $400 at .0004 and sold for $8000. Does it really matter if the stock rises because of a lawsuit or some major breakthrough on a possible cancel cure. Penny stocks are always risky. So go short term with the one that has the best PR, going long will eat you alive.
Go Richard A, get the money and buy a real product this time.
Posted by T e x on :
think a bogus lawsuit is good PR?
lol, true dat on a run--but then, on last year's run, how many knew the story here? Raven Moon used to suck in peeps here alla time, but hopeably peeps are learning. We're not here to dump on own peeps...
Posted by triovestor on :
Wow !
Tex .... you had to mention Raven moon . Someone should be in jail there . Bonnie & clyde { modern day stock version } run that company . Is there Karma in the world and will they ever get theirs " thats the question with raven moon .
Posted by bluechipper on :
quote:Originally posted by T e x: think a bogus lawsuit is good PR?
lol, true dat on a run--but then, on last year's run, how many knew the story here? Raven Moon used to suck in peeps here alla time, but hopeably peeps are learning. We're not here to dump on own peeps...
EXACTLY TEX, allstocks is a family and we need to watch out for our own. Now, some of us proally have drunk alter egos cause we cant remember our passwords at home and as family we should be able to recognize the differance between an alternate idaentity and a stranger. Protect yourself and protect your friends, and if someone you don't know tries to give you "sound" advice, look into it, you owe it to yourself. Hi tracy.
Posted by T e x on :
lol, are you saying I should check the IP? Posted by bluechipper on :
nah, hell I ave already told pepes who I am, I just can't remember my password on my home comp. so I resigned up. Seemed easier. Now, the fact that some dont remember is their fault, not mine + I usually only get on at home after a few (the wife don't want me in bed at that point anyways *if you know what I mean* shes tired at this time of the night.
Posted by T e x on :
quote:Originally posted by bluechipper: nah, hell I ave already told pepes who I am, I just can't remember my password on my home comp. so I resigned up. Seemed easier. Now, the fact that some dont remember is their fault, not mine + I usually only get on at home after a few (the wife don't want me in bed at that point anyways *if you know what I mean* shes tired at this time of the night.
lol, you *know* we caint allow that...
if your wife don't want you? we don't either Posted by bluechipper on :
NOW TEX, my wife only "thinks" she doesn't want me right now; once I get upstairs and remind her why she accepted the wedding ring, she will willingly cave Posted by T e x on :
lol, you're a funny guy...
but I don't have time right now...
sorry if I'm supposed to know you.
Posted by bluechipper on :
Don't appologize, I always go for the funny and you maybe weren't in the few stocks I was in when I started posting at home (when I was drinking) *but really, I had to be drinking when I first bought that POS in the first place, LMAO*. I keep waiting for someone to call me a newbie, LMAO, thats why I am vary careful what I say all the time, you never know who's toes your stepein on. At allstocks we watch each others backs and i want to keep that atmosphere, cept for that off topic area, fair game all seasons. Posted by T e x on :
quote:Originally posted by bluechipper: Don't appologize, I always go for the funny and you maybe weren't in the few stocks I was in when I started posting at home (when I was drinking) *but really, I had to be drinking when I first bought that POS in the first place, LMAO*. I keep waiting for someone to call me a newbie, LMAO, thats why I am vary careful what I say all the time, you never know who's toes your stepein on. At allstocks we watch each others backs and i want to keep that atmosphere, cept for that off topic area, fair game all seasons.
Bee-otch!
lol, you ain't steppin' on my toes... I suspect you can't even dance...
Posted by T e x on :
but ya...
watch the back, for sure...
Posted by tmanfromtexas on :
Bluechipper, I had forgot about the old days when you would post at night. You were funny as h*ll. btw if usxp would ever get back to .0005 I would buy a boat load and ride it for a while. TMAN...
Posted by cottonjim on :
me to tman, me to. OH one more thing Tex, I can dance like a mofo if my pardner don't mind a few broken toes. Posted by Hitman on :
Bought yesterday at .0009 sold today at .0011 Made $130.00 not bad..... you guys culd have dont the same thing
Posted by Hitman on :
Laughing on the way to the bank ... I scamed the scam again
Posted by Acciones on :
hot today ! 0.0012 and running ...
Posted by Hitman on :
Rats..... I sold too early
Posted by Hitman on :
Well... I take profit when i can
Posted by IMAKEMONEY on :
SMART Hitman, THIS IS A POS!JMO
Posted by triovestor on :
Well I would like to thank everyone who bashed usxp again and whatched the dip and still just stood there . Well that was faster than I expected ...But made good profit again on this one .
Bought low and sold on higher .
And if it dipped even lower than .0009 I would have put more into it . Risk againt gain ..this was a good bet .
And I still have some that will be kept permanent .Because this stock can take possitive changes upward when no one anticipates it .
I am ready and waiting for next week on this one .
I want more cheap shares again . Hope people bash it again and fear selling acures .....
Seeing no adverse news .. I will be ready to watch for dips again . It's still a bargain at todays price .
Posted by cottonjim on :
So your saying that you want us to start bashing again? I only bash once per thread so I'll be needing a new one Posted by triovestor on :
Well a lot of people bring up the possitive & negatives on usxp . But then there are some that simply bash it { which is fine } because I will still always study risk against gain factors .
Ovbiously I don't listen to praising or bashing a stock .
I study possitive & negatives / risk againt gain .
That is what works for me . Hope a few others made bank here this week as I did on usxp . And always keep some permanent shares of this one as well . None us us know when ..... But it has potential to move well when no one expects it .
Trade well and sleep good my friends .
Posted by cottonjim on :
Your a smart one there trio, good form. Posted by triovestor on :
Thanks . Posted by Hitman on :
I Also need more bashers.... It needs to drop to .0008 monday and I will buy back in.... Really a gr8 stock to flip... u have to be wise to do it .. but it can be done... lots of times $$$$ B r i n g i t o n
Posted by triovestor on :
Excelent Hitman .
Good job ... RSHN is at great price too .
If these two stocks don't dip ... I'm still ok ...As I have long shares in both .
BUT ....if they dare dip again .... I be waited ..funds are ready .
Let's not get big heads yet .... Let's be careful and patient ... We wait for right price on both ends . Posted by triovestor on :
Excelent Hitman .
Good job ... RSHN is at great price too .
If these two stocks don't dip ... I'm still ok ...As I have long shares in both .
BUT ....if they dare dip again .... I be waited ..funds are ready .
Let's not get big heads yet .... Let's be careful and patient ... We wait for right price on both ends . Posted by iternity on :
USXP, blockbuster announcement tomorrow
Posted by megahead34 on :
iternity...serious? or joking? or sarcastic? cuz USXP news is always lame?
Posted by stocktrader2006 on :
USXP is going to buy Blockbuster?
lmao
Posted by iternity on :
well, it is announced in one of the last PRs. he said it will be a blockbuster in the last money tv interview.
Posted by iternity on :
and uptick
Posted by cottonjim on :
Who are they suing now Posted by megahead34 on :
They are suing first call...haha
Rumors spreading about big news today....lets see.
Posted by stocktrader2006 on :
So when are we going to hear this "Blockbuster" news?? Posted by stocktrader2006 on :
Well?????????? We're waiting!!!!!!!!!!
What's the "Blockbuster" news?????....Where are the pumpers???
lol
Posted by retiredat49 on :
Universal Express Profiled in U.S. Business Review Apr 3, 2007 11:29:00 AM Copyright Business Wire 2007
NEW YORK--(BUSINESS WIRE)--
Universal Express Inc. (OTCBB: USXP) announced today its presence in this month's U.S. Business Review. The headline article "Happy Landings: Universal Express wants travelers to stop worrying about their luggage" focuses on the growth and successes of Universal Express and also recognizes the revolutionary path Luggage Express is paving. (http://www.usbusiness-review.com/content_archives/mar07/index.html)
The article which profiles Universal Express and its subsidiary companies discusses in detail the concept of separating passengers from their luggage when traveling. It examines the issue from both a convenience factor as well as a safety factor. "Immediate benefits to the travelers include convenience; help with large and heavy luggage items, avoiding long baggage check-in lines and minimizing preflight waiting times, as well as delays at retrieval carousels at journey's end." Richard A. Altomare, Chairman and CEO of Universal Express, parent company of its luggage delivery division, Luggage Express is quoted saying in the article. He also goes on to say "decline in passenger baggage reduces the prospect of infiltration of terrorist devices onboard airplanes and reduces the chances for security breaches."
The article concludes with Richard A. Altomare's vision for the company. "We plan to continue forming strategic partnerships and making acquisitions. We are looking at franchising the Luggage Express opportunity in America. We want to be on the American Stock Exchange, and we want to become a household name."
About Universal Express
Universal Express, Inc. is a 23 year old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Source: Universal Express Inc.
----------------------------------------------
Universal Express Inc. Investor Relations: Mark Falk 561-367-6177 publicrelations*usxp.com
Posted by stocktrader2006 on :
"...We want to be on the American Stock Exchange..."
LMAO
Ya, and I 'WANT' $10 million too.
Please tell me this isn't the "Blockbuster" news!!
Pumpers? Help me out on this!
Posted by dollar13 on :
I SEE ONLY BASHERS IN THIS THREAD INSTEAD OF PUMPERS ASK THEM.
LOL
Posted by retiredat49 on :
Not pumping or bashing...don't own any...don't care...just posting the "Blockbuster News" lol
Posted by stocktrader2006 on :
Well, once again it looks like RA has lied out of his stinky butthole.
Posted by dollar13 on :
NO CHITTTTTTTTTTTTTT
LMAO
Posted by stocktrader2006 on :
Why this POS is not halted yet, I don't know...RA is full of lies and BS, hiding behind the safe harbor act!
Posted by Soylent Green on :
Ever drop a turd so big it would break a concrete block?
There you go....
Posted by stocktrader2006 on :
I'm astounded that the pumpers haven't chimed in today to defend thier beloved CEO and stock.
This needs to go to 0001 where it belongs! And even when it does, it will be over-valued.
Posted by dollar13 on :
quote:Originally posted by stocktrader2006: Why this POS is not halted yet, I don't know...RA is full of lies and BS, hiding behind the safe harbor act!
CALL THE SEC , BUT THE ONLY PROBLEM IS THAN I DON'T SEE WHERE YOU WILL BE POSTING NEXT.
LMAO Posted by dollar13 on :
SEEMS TO ME LIKE YOU LOVE THIS POS.
Posted by stocktrader2006 on :
Over 150 million Turdwiches sold today!!!!!!!!!!!!
lol
Posted by stocktrader2006 on :
What's the matter RA? - Cat got your tongue?
lol
Posted by dollar13 on :
YOU MISSED THE PUMPERS DON'T YA, I WILL NOT PUMP THIS CAUSE I GOT A SHORT POSITION NOW...
KEEP UP THE GOOD WORK BASH IT FOR ME, AND LET'S ALL SAY COME ON 0.0001
Posted by stocktrader2006 on :
quote:Originally posted by stocktrader2006: What's the matter RA? - Cat got your tongue?
lol
"Universal Express, Inc. (OTC BB:USXP.OB - News) CEO Richard Altomare announced a "blockbuster" speech he will deliver on April 3rd.
Posted by stocktrader2006 on :
I guess he should of re-dated it to April 1st - that lying SOB!
Posted by dollar13 on :
quote:Originally posted by dollar13: YOU MISSED THE PUMPERS DON'T YA, I WILL NOT PUMP THIS CAUSE I GOT A SHORT POSITION NOW...
KEEP UP THE GOOD WORK BASH IT FOR ME, AND LET'S ALL SAY COME ON 0.0001
Posted by stocktrader2006 on :
No one needs to bash this POS, the CEO does it himself!
Posted by dollar13 on :
GOOD, I GUESS I'LL BE THANKFUL WITH THE CEO EITHER WAY
LMAO
Posted by stocktrader2006 on :
RA is dedicated to creating bagholders, One Suitcase at a time..........lmao
Posted by stocktrader2006 on :
According to RA:
Naked Short Selling is Wrong, but Lying to shareholders is okay.
lol
Posted by TopRob on :
I wonder how many millions of new shares did they dilute leading up to this big blockbuster news. Probably enough for RA next paycheck.
Posted by dollar13 on :
COME ON 0.0001
LOL
Posted by dollar13 on :
RA IS A BAST...RD
Posted by dollar13 on :
DILUTING PIG
Posted by dollar13 on :
WHAT ELSE
OH YEAH THE PR's MASTER PIG
Posted by dollar13 on :
TAKE IT DOWN BASHERS, I NEED SOME HELP TO TAKE THIS DOWN.
Posted by dollar13 on :
HELP OR NO HELP IT WILL GO DOWN ANYWAY EH..
Posted by stocktrader2006 on :
POS!!!!!!!!
Posted by sev278 on :
I heard an advertisement for Mad Packers last night on WFAN Sports Radio in NY area - I was surprised to hear this on this radio station, should get nice exposure!! This is a good sign!!!
Lets get some GREEN BABY!!!
GLTA!
Posted by stocktrader2006 on :
Welcome Pumper!!!
Posted by dollar13 on :
NOW YOU GOT SOME COMPANY
LOL
Posted by stocktrader2006 on :
That was one helluva speech that RA gave yesterday, wasn't it Sev278?
Posted by sev278 on :
didnt hear it - but have seen this stock go up and down so many times, and missed out on several opportunities....
hopefully not this run!
Posted by stocktrader2006 on :
quote:Originally posted by stocktrader2006: That was one helluva speech that RA gave yesterday, wasn't it Sev278?
Ooops, I forgot: <sarcasm> included
Posted by cottonjim on :
ROTFLMAO, Sue 'em MIke, Sue 'em.
LAS VEGAS - More than 1,100 Jackson family items are set for auction in Las Vegas next month, but a representative for Michael Jackson says the pop star is considering legal action to stop the sale.
ADVERTISEMENT
"Mr. Jackson was not aware and he is extremely upset that his memorabilia was included amongst the memorabilia that is being auctioned off," said spokeswoman Raymone K. Bain.
The Jacksons Auction is scheduled May 30-31 at the Hard Rock hotel resort.
Guernsey's auction house said items include Michael Jackson's gold record for his "Thriller" album, handwritten lyrics for The Jackson Five hit "ABC" and a "Victory Tour" program signed by Jackson family members.
Arlan Ettinger, founder and president of Guernsey's, compared the sale to an auction of Elvis Presley/Graceland memorabilia he conducted in Las Vegas in 1999.
"It certainly is in that sphere of landmark, high-profile, extraordinary auctions," Ettinger told The Associated Press on Wednesday.
Michael Jackson, 48, has been living in Las Vegas while he evaluates proposals for a comeback after his 2005 acquittal in California on child molestation charges.
His father, former Jackson Five manager Joe Jackson, also lives in Las Vegas. He didn't respond to a phone message seeking comment.
Ettinger said the collection was owned by luggage transportation company Universal Express Inc., of Boca Raton, Fla., which bought it last year from a New Jersey construction company owner.
The former owner, Henry Vaccaro, claimed a warehouse full of Jackson memorabilia after a failed business venture wound up in bankruptcy court. Michael Jackson and his sister Janet Jackson sued to stop Vaccaro from taking ownership, but a Los Angeles judge threw out Michael Jackson's claim in 2006.
The status of Janet Jackson's claim was unclear Wednesday. Messages left with her publicist weren't immediately returned.
Other items include a test pressing of The Jackson Five's "I Want You Back," Marlon Jackson's glitter jacket, Randy Jackson's futuristic 1984 stage boots and a white fedora believed to be from Michael Jackson's "Bad" album music video.
___
Posted by stocktrader2006 on :
SEE YOU AT .0001 RA!!
LMAO
Posted by stocktrader2006 on :
Dang it! And I was looking forward to buying Janet's skid-marked panties from when she was 18 yrs old. Posted by megahead34 on :
CourtTvnews Friday, April 6, 2007 Updated March 10, 2004, 11:57 a.m. ET
Former Jackson family business partner sells clan's memorabilia for $1.4 million
ASBURY PARK, N.J. (AP) — Gold-trimmed costumes, metal-studded shinguards and other memorabilia of pop icon Michael Jackson and his family sat covertly in a warehouse in this downtrodden city for the past 18 months.
The massive collection, including a sketch of a boy, celebrity letters and music awards, was the prize from a lengthy legal battle waged against the Jacksons by a one-time business associate.
The Jacksons kept their family memorabilia, including racks of costumes, in this storage room.
Henry V. Vaccaro Sr., a 63-year-old construction company owner, announced he had sold the trove this week even as he supervised its packing. He would not reveal the name or nationality of the buyer, although he said the man will display the collection in Europe and Japan. Vaccaro also would not reveal its sales price, but indicated it exceeded $1.4 million.
Vaccaro used to head Kramer Guitar Co., which made instruments for performers such as Eddie Van Halen. The company went bankrupt in 1992 and a company owned by the Jackson family agreed to purchase it, he said. For a short time, Vaccaro sat on the Jackson Communication Inc. advisory board, but the company soon defaulted on payments for his guitar company.
Mired in personal bankruptcy at the time, Vaccaro sued JCI and was awarded a $1.4 million judgment, which the family said it couldn't pay. "They sold off my company and I got nothing," he said.
Neither Michael, Janet nor LaToya Jackson were named in the suit because they had not used money from JCI.
After nine years of wrangling, Vaccaro used a private investigator to find an Oxnard, Calif.-based warehouse that was home to the collection. A bankruptcy trustee awarded it to him after he paid $65,000, much of which was used to cover the family's outstanding storage bills.
He said he recalled hearing family members talk of amassing their possessions as they contemplated starting a restaurant chain in the early 1990s. But when the collection arrived in 2002, he still was shocked.
"Couldn't believe it. Couldn't believe it," he said, shaking his head. "I knew it was worth more than the amount of the ($1.4 million) judgment."
Vaccaro's loot included a packing crate belonging to Michael Jackson containing several stage costumes, including gold-trimmed jackets with military-style epaulets. He also found one of the star's earliest get-ups, worn when he sang with the Jackson 5.
Calls to representatives for Michael Jackson and for the Jackson family were not immediately returned.
Darren Julien evaluated the collection in 2002 before it was shipped from California while he was working as an associate for the Internet arm of auction house Sotheby's. He said he authenticated Vaccaro's story and the horde of materials.
Julien said it was the largest accumulation of Jackson family materials on the planet, in part because the pop star has been known to give away collectibles to friends.
"It's larger than Michael's own personal collection," Julien said. "It's pretty extensive."
At the time, Julien gave the collection a conservative estimate of up to $1 million, but added that it could have fetched more. "You never know," he said.
Posted by stocktrader2006 on :
I don't get it...If MJ and family are so rich, why don't they just buy their crap back in the auction?
lol
Posted by TopRob on :
Hey Stock, if you went on vacation or an extended business trip and forgot to pay your rent/mortgage and came back to find that all your stuff was pawned for payment would you just simply buy it back from the pawn shop. If so, where do you live, Ha, Ha.
Posted by stocktrader2006 on :
quote:Originally posted by TopRob: Hey Stock, if you went on vacation or an extended business trip and forgot to pay your rent/mortgage and came back to find that all your stuff was pawned for payment would you just simply buy it back from the pawn shop. If so, where do you live, Ha, Ha.
If I was rich enough like MJ & family - yes, I would. Posted by dollar13 on :
USXP 0.0009
LOOKING BAD
NICE
I AM GREEN TODAY IN MY SHO.. POSITION
Posted by TopRob on :
Not exciting news, but at least USXP is still alive. We may be seeing the bottom here at .0008 and could see a run any day now.
-------------------- Universal Express Renewed by MasterCard Tuesday April 17, 11:33 am ET
NEW YORK, NY--(MARKET WIRE)--Apr 17, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) subsidiary Luggage Express announced that they will continue to participate in the MasterCard Global Premium Collection(TM) for their third year now. The MasterCard Global Premium Collection is a suite of special offers and rewards geared toward the Premium MasterCard cardholder (www.mastercardpremiumcollection.com).
ADVERTISEMENT
Luggage Express is offering MasterCard Premium cardholders 50% off their return trip when they purchase round-trip baggage service.
"By offering Premium MasterCard cardholders a special offer on our door-to-door luggage service our Luggage Express brand grows and those cardholders realize the benefit of being a Premium MasterCard cardholder," said Adam Clausen.
"Little can be added to this continued and expanding alliance except for this. First year, exciting. Second year, encouraging. Third year, lasting," concluded Richard Altomare, CEO and Chairman of Universal Express.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission
Contact: Contact: Mark Falk Universal Express, Inc. 561-367-6177 Email Contact
-------------------------------------------------------------------------------- Source: Universal Express, Inc.
Posted by iternity on :
OT: MGMX ;-)
Posted by TopRob on :
USXP (.0007/.0008) Something up. I expect a PR soon. I'm loading up now just in case, it could be the big one we've been waiting on. ---------------------------
MoneyTV, Week of 4/20 Friday April 20, 5:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Apr 20, 2007 -- MoneyTV is the nationally syndicated television program all about money and what makes it happen, (http://www.moneytv.net), featuring informative interviews by hosts Donald Baillargeon and Skip Lindeman with company CEOs, providing insights into their operations and outlooks for their futures. .... .... Universal Express, Inc. (OTC BB:USXP.OB - News) CEO Richard Altomare spoke of the company's success with their sports marketing and announced a closed door meeting with their potential Saudi Arabian partners.
Posted by sev278 on :
FATFINGER???
Posted by TopRob on :
Highest volume since Feb 9 where it went to .0029. This stock is about to explode $$$.
Posted by TopRob on :
Universal Express Division Luggage Express and Florida Panthers' Jokinen Team Up for Charity Monday April 23, 1:31 pm ET
Jokinen's Scoring Surge Leads to $42,000 in Charitable Donations
NEW YORK, NY--(MARKET WIRE)--Apr 23, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) announced today that its division and Florida Panther Pillar Partner Luggage Express will combine with Florida Panthers Captain Olli Jokinen to donate $42,000 to a pair of South Florida children's charities as part of a Charitable Match Program.
Luggage Express will present its donation to the JAFCO Children's Foundation, while Jokinen will donate his donation to the American Cancer Society's R.O.C.K Program. A check presentation to both charities will be made on Thursday, April 26 at 6 p.m. during the Florida Panthers' first Cats Cookout of the summer at the BankAtlantic Center.
At the beginning of the 2006-07 season Luggage Express and Jokinen each pledged to donate $500 for every home goal and $250 for every home assist that the Panthers Captain scored throughout the regular season. All totaled, Jokinen scored 26 goals and 32 assists at home this season.
"First of all I would like to thank Luggage Express for being so generous in supporting the youth of the South Florida community," Jokinen said. "Children are our future and it is important that we use our privileged position to provide aid and support wherever possible."
"Helping children of South Florida is the essence of what professional sports should strive to do," said Richard A. Altomare, Chief Executive Officer for Universal Express. "I'm pleased to be a small part of one such dignified and mature role model like Olli Jokinen. South Florida and the Panthers are better because of him."
Luggage Express just completed its first year of a multi-year marketing partnership with Sunrise Sports & Entertainment. As a Pillar Partner with SSE, Luggage Express is the preferred express shipping company of the Florida Panthers. Luggage Express was also the official puck delivery service used by the Florida Panthers at all home games. Prior to face-off of every Cats home game at the BankAtlantic Center, the puck was delivered to the ice in an official Luggage Express, Inc. suitcase.
Universal Express, Inc. is a Pillar Partner of Sunrise Sports & Entertainment. Pillar Partners is a special designation and collection of benefits developed to recognize the organization's key marketing partners. Pillar Partners receive exclusive benefits such as branded recognition throughout the BankAtlantic Center, permanent signage on the arena horseshoe fascia, print advertising in SSE publications, exclusive rights to the Pillar Partners logo, identification at arena VIP entrances, permanent VIP parking and exclusive Partner trips.
Sunrise Sports & Entertainment is the premier company of its kind in South Florida. Home to more than 185 events annually and the Florida Panthers Hockey Club, the BankAtlantic Center is consistently a top 15 worldwide venue according to Pollstar. The BankAtlantic Center welcomes more than two million guests each year and is also the home of the Sinatra Theatre presented by BankAtlantic and three monthly South Florida publications: Live On Stage Credentials, Unrestricted and Panthers Insider.
Posted by iternity on :
USXP started IMHO. Since 2 weeks monster hits at ask, hundreds of millions. we had the same with the last ride from .0004 to .045. silent buying then blockbuster PRs and real movement. I think we are close, I am fully loaded and I have more bids in at .0006 and .0005. 100 bagger was it and IMHO this could very well repeat. GLTA.
Posted by TopRob on :
Closed at .0007, started today at .0008. Could run today.
Posted by iternity on :
IMHO someone is collecting huge ammounts at .0007 since friday - 1 billion shares bought since then. After "they" are done I think they will move it up into the cent area again. JMHO.
Posted by TopRob on :
Yeah, it's going to run soon, maybe a PR soon. Someone is manipulating the pps by selling small 100k amounts at .0006. They are probably doing this to trigger .0007 sells so that they can load up in huge blocks.
Posted by TopRob on :
Good video interview. It 18 min long. -----------------------
Universal Express CEO Richard Altomare Interviewed Friday April 27, 10:32 am ET
NEW YORK, NY--(MARKET WIRE)--Apr 27, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) today announced its CEO Richard A. Altomare provided in-depth information on a range of current topics during an interview with MoneyTV.
Mr. Altomare's interview included topics such as Jackson Family Memorabilia auction updates, progress on Saudi Funding and Alliances, MadPackers' College Tour, Luggage Express Sports Marketing and Advertising initiatives, and exposing and fighting the Naked Shorting scandal.
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com Posted by sev278 on :
LETS GET HIS PARTY STARTED ALREADY!
I keep hearing news advertisements on NY WFAN radio that I never heard before!! 1 for MadPackers & this morning I heard 1 for Luggage Express! This is great exposure, I feel this thing has got to move in the coming months from this alone - JMHO.
GLTA!
Posted by Hitman on :
Fixing to Buy More Wow price is cheap :}
Posted by TopRob on :
Volume up today. ---------------------
Universal Express Announces Recent Bull and Bear Report Thursday May 3, 3:53 pm ET
NEW YORK, NY--(MARKET WIRE)--May 3, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) today announced The Bull and Bear Report on Universal Express titled, "Universal Express on the Fast Track to Leadership in the Luggage Logistics Industry," is available for viewing. This report gives an all encompassing look at Universal Express and its subsidiaries, divisions, sports marketing initiatives, and more. ADVERTISEMENT
"The Bull and Bear Report is an excellent resource for anyone looking to find out more about Universal Express, and gives an excellent view of our company and divisions, as well as our willingness to take on creative ventures to be winners in the Transportation and Logistics Industry," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
For those seeking more information on Universal Express, current and past interviews, articles, news and events can be found by going to Universal's website at www.usxp.com. Posted by Firedog on :
Chart is starting to turn up. Will be adding soon.
Posted by dollar13 on :
LOL
COME ON FIREDOG Posted by kermit42 on :
Does anyone have even a ballpark figure on the current O/S?
Pinksheets is over 6 months old.
Posted by TopRob on :
Universal Express Profiled in U.S. Industry Today Monday May 7, 12:25 pm ET
NEW YORK, NY--(MARKET WIRE)--May 7, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today announced its presence in this month's issue of US Industry Review. The article titled "Protecting Baggage" by David Soyka profiles Universal Express and its visionary, CEO and Chairman Richard A. Altomare and his mission to keep baggage and air travelers safe. The article also profiles all the Universal Express subsidiaries: Luggage Express, Luggage Express Found, MadPackers and Universal Jet. http://mag1.olivesoftware.com/activemagazine/welcome/USIT/VirtualMag.html
"Protecting Baggage" examines the security aspect of the private shipping industry and discusses how it may be the answer to airline terrorism. "The government and airlines industry are spending on increased security since September 11, 2001. It has not made our airlines and terminals safer from a terrorist attack. Over 92 percent of luggage loaded on passenger planes, is never opened and its contents never checked," said Richard A. Altomare. He goes on to explain that the "Airlines are in the people transporting business not the luggage business therefore they should do what they do best and leave transporting baggage to the experts who can do it more effectively and efficiently."
The article also profiles all the Universal Express subsidiaries. It talks about Luggage Express, a service that picks up passengers luggage and delivers it to their end destination; MadPackers a door to dorm service where student's belongings are packed and safely taken to their dorm room; Luggage Express Found, which delivers lost or misplaced baggage and finally Universal Jet, its private charter Airline.
The article ends by describing how Universal Express's luggage business is about protecting the safety of all travelers. "It is my sincere hope that we get a lot smarter and faster about how luggage moves to and from airports," stated Mr. Altomare. "Let's not have a suicide luggage terrorist force us to change our cosmetic airport security system to separate passengers and airports from their luggage. We are only one suitcase bomb away from an event that will dwarf September 11 and damage the American airline industry," concluded Mr. Altomare.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com Posted by TopRob on :
Universal Express Jackson Family Memorabilia Auction Updates Thursday May 10, 9:51 am ET
NEW YORK, NY--(MARKET WIRE)--May 10, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) has previously announced that the Jackson Family Memorabilia Auction is scheduled for May 30th and 31st at the Hard Rock Casino in Las Vegas. Previewing is scheduled for 4 days before.
Universal Express and the auction house Guernsey's have in the past few days received a hearing notice for early next week from Michael Jackson's attorneys contesting ownership of some of the legally purchased collection.
Universal Express and its attorney's will respond to the frivolous accusations of Mr. Jackson's attorneys.
"When the legal facts of this issue are presented we anticipate that the auction will continue as planned," said Mr. Richard Altomare, CEO and Chairman of Universal Express.
"We own the property definitively, and this unwarranted interference may result in substantial damages.
"Any damage, delay, lost momentum or anticipated lost revenues will result in several legal actions for this auction's full potential.
"The five charities: St. Jude Children's Research Hospital, Make A Wish Foundation, Boys and Girls Clubs of America, Ronald McDonald House and Save the Children, will participate in the results of the auction. I sincerely hope that these children counting on the auction will not be disappointed," concluded Mr. Altomare.
Posted by TopRob on :
The Coalition for Luggage Security Repeats Luggage Security Concerns Thursday May 10, 11:54 am ET
NEW YORK, NY--(MARKET WIRE)--May 10, 2007 -- The Coalition for Luggage Security today called for a new system of Luggage Security. An article that highlights a public inquiry into the Air India disaster in 1985 appeared in TheStar.com at www.thestar.com/printArticle/211870, which highlighted the ignoring of 70 warnings prior to luggage exploding on an Air India passenger aircraft. The Coalition for Luggage Security believes the historical value of repeated problems and threats are relevant to prevent further attacks on Airlines and Aircraft today. "In addition, in a related incident, two Japanese baggage handlers were killed when a bag exploded during the sorting process, further highlighting the warnings of Richard A. Altomare, Founder and President of the Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTC BB:USXP.OB - News)," said Josh Holm, Director of The Coalition For Luggage Security. "Mr. Altomare has repeatedly called for 'preventative' rather than 'reactive' security measures to protect American travelers," concluded Mr. Holm.
"Do we really want to continue our ostrich security policy in the airports? Are we to always ignore the obvious because of fear of governmental criticism? Before a suitcase bomb humbles this great nation again the Coalition for Luggage Security calls for the separation of luggage and passengers on domestic flights and in airports nationwide," said Mr. Altomare. "We call upon non-partisan and concerned lawmakers to commence hearings before, rather than after, a tragedy occurs," concluded Mr. Altomare.
About The Coalition for Luggage Security
The Coalition for Luggage Security was established to ensure the safety of travelers through alternate means of luggage transportation. The Coalition consists of prominent businesspersons and companies that educate the public, Congress and the Administration on the importance of solving the luggage and cargo safety issues that exist in airlines and airports.
Posted by sev278 on :
this thing should get moving soon - with this validating why it is unsafe to bring your luggage on board, mega exposure on radio in NY & elsewhere, this PPS should be ready for a RUN... I HOPE!!
GO USXP!
Posted by TopRob on :
I think it will pick up as it get closer to the auction date and there are no delays from the Jackson's legal contest. The auction should bring huge revenues.
Posted by sev278 on :
lets hope so
Posted by TopRob on :
Huge trades, but no up movement (.0005x.0006). Could be dilution. Maybe they need the cash to defend the Jackson legal contest before the aution.
Posted by TopRob on :
Universal Express Applauds Las Vegas Court Decision; Michael Jackson Ordered to Court, and Publicity for Auction Resumes Wednesday May 16, 10:34 am ET
NEW YORK, NY--(MARKET WIRE)--May 16, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) CEO and Chairman Richard Altomare's witnesses and Michael Jackson himself will square off in Court this Friday in Las Vegas to determine ownership of hundreds of millions of dollars worth of Jackson memorabilia items. "In Las Vegas' response to Miami's 'who's the father' or California's question 'does the glove fit,' Michael Jackson and Universal Express' CEO will give testimony to clarify the trail of ownership of thousands of purchased items of the Jackson family (www.usxp.com/jackson), which are scheduled to be auctioned on May 30th and 31st in Las Vegas at the Hard Rock Casino," said Richard A. Altomare.
Mr. Altomare continued, "I have instructed our counsel to request cameras in this courtroom to clearly show our long held position of legal ownership.
"Emotions are understandable but actual possession, documentation and previous legal rulings present our case most soundly.
"Mr. Jackson will be questioned by Universal Express attorneys and asked to identify items, as our witnesses and documentation stands ready for exposure. I trust Mr. Jackson is equally prepared," concluded Richard A. Altomare.
Posted by TopRob on :
Universal Express' CEO Joins Homeland Security, Regulatory Affairs and Transportation Committees of the United States of America's Chamber of Commerce Wednesday May 16, 12:10 pm ET
NEW YORK, NY--(MARKET WIRE)--May 16, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) Chairman and CEO, Mr. Richard A. Altomare, today was invited to join (3) Committees of the United States of America's Chamber of Commerce in Washington D.C.
Mr. Altomare was invited to serve as a member of Homeland Security Policy and Task Force, the Regulatory Affairs committee and the Transportation and Logistics Committee.
The Homeland Security Policy Task Force is comprised of senior corporate leaders from Chamber-member companies and is the primary policy-originating body for the U.S. Chamber in the area of homeland security. The task force's jurisdiction includes issues such as critical infrastructure protection, information sharing, cyber security, pandemic planning, implementation of the SAFETY Act, and customs and supply chain security.
The Regulatory Affairs Committee is comprised of representatives from a broad range of industries and is the primary policy-originating body for the U.S. Chamber in the area of regulatory affairs and information policy. The committee's jurisdiction includes issues such as the use of, and access to, sound data in the promulgation of government regulation. The committee seeks to enhance regulatory flexibility for all U.S. Chamber members and to reduce regulatory compliance burdens on business and industry.
The Transportation Infrastructure and Logistics Committee are comprised of executives representing transportation providers and users and is the primary policy-originating body for the U.S. Chamber in the area of transportation infrastructure. The committee's jurisdiction includes issues such as ensuring the integrity of transportation trust funds, implementing SAFETEA-LU Reauthorization and VISION-100, working to reauthorize the Water Resources Development Act, and increasing the efficiency of our nation's surface transportation, aviation, and ports and waterways infrastructure.
"Obviously, I was flattered to be invited to join security, regulatory and logistical leaders on these prestigious committees. I will bring our message of suitcase security, naked short selling legislation and modernizing our airports. I hope that I can add some insight to these well-respected and often listened to beacons of innovation for our lawmakers to follow, and I thank the Chamber for their confidence and invitation," concluded Richard A. Altomare.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information, please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact: Contact Info:
Mark Falk Universal Express, Inc. 561-367-6177 Email Contact -------------------------------------------------------------------------------- Source: Universal Express, Inc.
Posted by TopRob on :
The MJ/Altomare court case is going to be very interesting. This could make or break USXP. If Richard wins, the auction will bring hundred of millions of dallars to USXP. If he looses, kiss your investment goodby. So are you ready for the gamble? Well now is a good time to get in, but if you wait until after the court and USXP wins, good luck at getting in before the run.
.0005 x .0006 (Bid/Ask)
Posted by TopRob on :
The Coalition for Luggage Security Reports on Dissatisfied Airline Passengers Thursday May 17, 10:44 am ET
NEW YORK, NY--(MARKET WIRE)--May 17, 2007 -- The Coalition for Luggage Security today commented on passengers still being dissatisfied with their airline service. In a recent study by the University of Michigan, http://www.msnbc.msn.com/id/18661797/, the airlines have consistently failed to satisfy customers. Betsy Talton, a spokeswoman for Delta, said, "We know the service is not where it should be as far as baggage delivery, we're concentrating on that this year so that we see significant improvements." "Significant improvements? Instead of one suitcase lost every minute will they strive for one suit case lost every two minutes," said Richard A. Altomare, Chairman and Founder of The Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTC BB:USXP.OB - News).
The Coalition for Luggage Security believes adjusted improvements to the existing model are not enough. "Our current system of baggage handling and screening in airports is inadequate at best, we need to rethink our current system. With the number of passengers steadily rising how is it that we can expect to see an improvement in the baggage handling processes when the airlines are struggling with the baggage of the current passenger volume," stated Josh Holm, Director of The Coalition For Luggage Security.
"The Coalition for Luggage Security urges Government officials and the airline industry to eliminate threats that result from the presence of luggage in airports and on passenger flights. Passenger luggage should not be shipped on passenger flights, and we propose passengers should be given a choice to ship their bags in advance of their trip to reach their destination before they arrive. This action would dramatically reduce the number of bags in airplanes and airports. A decline in passenger baggage reduces the prospect of infiltration of terrorist devices onboard airplanes, reduces the chances for security breaches and reduces the amount of luggage being lost. Managing security and passenger comforts become easier when baggage is taken out of airports and out the hands of travelers," concluded Richard A. Altomare.
About The Coalition for Luggage Security
The Coalition for Luggage Security was established to ensure the safety of travelers through alternate means of luggage transportation. The Coalition consists of prominent businesspersons and companies that educate the public, Congress and the Administration on the importance of solving the luggage and cargo safety issues that exist in airlines and airports.
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact:
-------------------------------------------------------------------------------- Source: Coalition for Luggage Security
Posted by TopRob on :
Keep your eyes and ears on this one, because M. Jackson & R. Altomare will be in court tomorrow. Millions of dollars will be at stake and millions of eyes will be watching, so this should be very interesting.
Posted by TopRob on :
The Coalition for Luggage Security Comments on LAX Scare Thursday May 17, 4:56 pm ET
NEW YORK, NY--(MARKET WIRE)--May 17, 2007 -- The Coalition for Luggage Security today is once again raising concern about the dangers of luggage in airports. Late Wednesday night, terminal 2 at LAX International Airport was evacuated when baggage-screening equipment detected two 10-inch WWII-era mortar shells in a traveler's suitcase. These shells were inert and posed no danger. "This just shows how easily a bomb, hidden in a suitcase, can get into an airport," said Richard A. Altomare, Chairman and Founder of The Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTC BB:USXP.OB - News). "The only way we can prevent a serious terrorist threat infiltrating airports with luggage bombs is to take luggage out of the airports," continued Mr. Altomare.
The Coalition for Luggage Security aims to do just that. "What if this had been a real bomb, what if it had detonated inside the airport? Do we really want to wait until this happens to find a better solution?" asked Josh Holm, Director of the Coalition for Luggage Security.
The Coalition for Luggage Security urges Government officials and the airline industry to eliminate threats that result from the presence of luggage in airports and on passenger flights. Passenger luggage should not be shipped on passenger flights, and we propose passengers should be given a choice to ship their bags in advance of their trip to reach their destination before they arrive. This action would dramatically reduce the number of bags in airplanes and airports. A decline in passenger baggage reduces the prospect of infiltration of terrorist devices in airports or onboard airplanes.
USXP gets the green light -----------------------------
AP Jackson Drops Bid to Block Vegas Auction Friday May 18, 1:30 pm ET By Ken Ritter, Associated Press Writer Michael Jackson Drops Court Bid to Block Las Vegas Auction of His Personal Belongings
LAS VEGAS (AP) -- Lawyers for Michael Jackson on Friday dropped an effort to block an auction of the pop star's personal belongings and other Jackson family items. Jackson didn't appear in a Las Vegas court where his lawyer told a judge a confidential agreement had been reached with representatives of an auctioneer, the current owner of the materials, and a New Jersey man who claimed a warehouse full of Jackson memorabilia after a failed business venture wound up in bankruptcy court.
"The matter's been resolved," Gregory Cross, a lawyer for Jackson, told Clark County District Court Judge Elizabeth Gonzalez.
Lawyers declined to describe terms of the agreement, which settled an April 27 lawsuit.
Jackson sought to prevent the auction and force the return of items he claimed were personal property, court documents show. The entertainer also had sought unspecified punitive damages.
Universal Express Inc., the Boca Raton, Fla., luggage transportation company that owns the items, claimed the materials were worth about $50 million, according to court records.
Arlan Ettinger, president of Guernsey's auction house of New York, said outside the courtroom that the auction will go on as scheduled May 30-31 at the Hard Rock hotel in Las Vegas.
Jackson, 48, has been living in Las Vegas while he evaluates proposals for a comeback after his 2005 acquittal in California on child molestation charges.
Posted by cottonjim on :
RA probably issued MJ 1/2 a bazillion shares to go away, lol Posted by tmanfromtexas on :
They probably agreed to some kind a split in the proceeds. IMO MJ is in need of some cashola. TMAN...
Posted by TopRob on :
I'm sure we'll never know the full details. Maybe now USXP will get back to work and show us some good PR's. I'm looking forward to the auction, it should bring in big money for USXP.
Posted by stocktrader2006 on :
quote:Originally posted by TopRob: I'm sure we'll never know the full details. Maybe now USXP will get back to work and show us some good PR's. I'm looking forward to the auction, it should bring in big money for USXP.
RA said that this auction was for the shareholders and that the shareholders would benefit.
Okay now lets do some math:
$50,000,000 divided by 10,000 shareholders (est) = $5,000 dividend.
Who wants to bet that will happen?
LMAO
Posted by sev278 on :
yeah - ok!! when pigs fly that will happen!!
would be nice, but thats dreaming...
GLTA anyway!
Posted by stocktrader2006 on :
$50,000,000/3 Billion shares = .0167
Current price .0006
POTENTIAL 26-BAGGER HERE!!!!!!!!!
LMAO
Posted by TopRob on :
Moving up now.
.0006 x .0007
Posted by JacksonMS on :
THis thing is going to blow!! GO GO!
Posted by TopRob on :
Well there's 13.99 Bil O/S out there, so $50M / 13.99B = .00357 dividen per share. It would be nice if they would pay a dividend, but you know it probably wouldn't be that much, maybe half though.
They could also use some of it to buy-back shares. It would only take $7.8M to buy back 13 Billion at .0006. That would leave an O/S count of only 990 Million.
Either way, I see this going non stop to the moon
I can't understand why anyone would be selling out before the auction. duh
Posted by stocktrader2006 on :
Them diluting B*STAGES!!!!!!!!!!!!!!!!!!!
I've seen trades of 9.5 M below the bid at 5.
Posted by TopRob on :
I think the dilution was over last week. The sell off now is probably people that bought at .0005/.0006 and just trying to make a quick small profit. They will be gone soon and then this will shoot up even higher.
Posted by stocktrader2006 on :
quote:Originally posted by TopRob: I think the dilution was over last week. The sell off now is probably people that bought at .0005/.0006 and just trying to make a quick small profit. They will be gone soon and then this will shoot up even higher.
Tell me how you make a profit buying at 5/6 by selling at 5?
Those trades were below the freaking bid of 6!
They have and always will be diluting.
Posted by dollar13 on :
Michael Jackson and Universal Express Reach Settlement Monday May 21, 10:15 am ET
Auction to Proceed as Scheduled
NEW YORK, NY--(MARKET WIRE)--May 21, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) today announces Michael Jackson and Universal Express have completed a confidential resolution to the action disputing title to the items being auctioned at the Hard Rock Hotel and Casino in Las Vegas on May 30 and 31, 2007, or by logging on to www.liveauctioneers.com.
"Mr. Jackson is satisfied with the negotiated settlement," stated Raymone K. Bain, Jackson Spokesperson, "and is pleased that some of the proceeds from the auction will be donated to certain charities. As this is a confidential agreement, we will be making no further comments."
"Although the road to auction has been long, we look forward to being able to introduce to the world the glory of the Jackson family and take great pride in the five charities that will benefit from the sale's proceeds," stated Richard A. Altomare, Chairman and CEO of Universal Express.
Items belonging to Mr. Jackson, included in the auction, will be accompanied by written authentication.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact: Contact Info:
Mark Falk Universal Express, Inc. 561-367-6177 Email Contact
-------------------------------------------------------------------------------- Source: Universal Express, Inc.
Posted by stocktrader2006 on :
"Although the road to auction has been long, we look forward to being able to introduce to the world the glory of the Jackson family and take great pride in the five charities that will benefit from the sale's proceeds," stated Richard A. Altomare, Chairman and CEO of Universal Express.
Glory?
Spare me!
Posted by dollar13 on :
I KNOW YOU LIKE TO SEE THIS PR's THAT IS WHY I POST IT FOR YOU.
LMAO
Posted by TopRob on :
quote:Originally posted by stocktrader2006:
quote:Originally posted by TopRob: I think the dilution was over last week. The sell off now is probably people that bought at .0005/.0006 and just trying to make a quick small profit. They will be gone soon and then this will shoot up even higher.
Tell me how you make a profit buying at 5/6 by selling at 5?
Those trades were below the freaking bid of 6!
They have and always will be diluting.
Yeah, you could be right, but note that sometime sneaky traders will sell a small amount below Ask to try and trigger an automatic sell so that they can buy huge chunks low.
Posted by TopRob on :
You know the charities are probably just for show to get MJ to back off. But, hey, it's all good, because if it wasn't for the MJ legal claim, the charities would probably not be getting anything.
Posted by sev278 on :
over 700M vol already - I'm surprised the pps hasnt moved more than this...
LETS GO ALREADY!!
Posted by stocktrader2006 on :
It's hard to move when the D-bags are diluting still!
Posted by stocktrader2006 on :
[ring, ring, ring]
MJ: "Hello, this is Michael" RA: "Why hello Mr. Jackson, this is Mr. Altomare. I'd like to talk to you into a settlement over the auction dispute of the worthless stuff of yours that I obtained. MJ: "Go ahead, I'm listening" RA: "If we agree on a confidential settlement, which would be bogus, I am willing to give you 1/2 of the money that I make from the dumb USXP shareholders that will buy on Monday. I have approximately 2 Billion shares that I can dilute, which they will buy based on the 'settlement' PR that I will put across the wires" MJ: "That sounds great, I can use any money that you can give me. I really don't want that chit anyway. That is why I had it in a warehouse." RA: "That is great Michael, we'll be in touch soon."
Posted by stocktrader2006 on :
HOLY VOLUME BATMAN!
Posted by dollar13 on :
Posted by stocktrader2006 on :
Alot of buys at 7 and this thing aint budging.
Posted by stocktrader2006 on :
Ahh, there it goes.
0007/0008
Posted by sev278 on :
OK - where is it going though?
Come on BOYS!!!
Posted by TopRob on :
Huge volume already. Nice to see .0008 for a change even though it didn't last too long, but it'll be back and beyond.
.0006(13) x .0007(5) Vol=648M
Posted by retiredat49 on :
Damn...it took a half a Billion shares to move this up one tick!!!!
Posted by dollar13 on :
Announces Jackson Auction Dividend
Market Wire "US Press Releases "
NEW YORK, NY -- (MARKET WIRE) -- 05/22/07 -- Universal Express Inc. (OTCBB: USXP), today insured the Jackson Family Memorabilia Collection's movement, and it has "left the building" to Las Vegas. We have previously valued the auction estimates from $30,000,000 to $200,000,000.
No one can predict the outcome of this auction, but I thought it prudent to inform our shareholders of the percentages we have budgeted for them. We have estimated a cash dividend of at least 20% of the net proceeds to our shareholders and we have estimated at least 15% of our net proceeds to a buy back of Universal Express' stock on the open market.
There are many factors and collectors which will determine the final results. Yet, at the request of many I thought these percentages needed to be memorialized.
The Charities that will also benefit from this auction are as follows:
St. Jude Children's Research Hospital Make A Wish Foundation Boys and Girls Clubs of America Ronald McDonald House Save the Children
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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For Investor Relations Call:
Mark Falk Universal Express, Inc. 561-367-6177 Email Contact
Posted by retiredat49 on :
Damn...it took almost a Billion shares to move this up one tick!!!!
Posted by dollar13 on :
LOL
UNREAL
Posted by retiredat49 on :
Damn...it took over a Billion shares to move this up one tick!!!!
Posted by sev278 on :
LET THIS PUPPY RUN ALREADY!!
MMs - OPEN THE GATES !!!!
Posted by cottonjim on :
So now, if you average the appraised value of the auction items and assume that the auction will bring in 115 million dollars to USXP, of which the shareholdrs get 20%. OK 20% of 115 million dollars is 23 million dollars. If there were 10 mil. shares out there the divy would be $2.30 per share, not to bad....BUT. 100 mil O/S= .23 1 bil. OS= .023 10 bil. OS= .0023 100 bil. OS= .00023......etc....
So just how many shares are out there is the question now isn't it.
I am not in and not planning to be.....at least for now, just doing some looking. Good luck folks.
Posted by TopRob on :
Universal Express Announces Substantial Improvements for Third Fiscal Quarter Tuesday May 22, 8:00 am ET
NEW YORK, NY--(MARKET WIRE)--May 22, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) announced today that its financial results for its third fiscal quarter ending March 31, 2007 have substantially improved over its March 31, 2006 third quarter.
Operating revenues increased 391% to $1,212,929 for the third quarter from $306,911 for the 2006 quarter. Operating revenues were $2,687,262 for the nine months ending March 31, 2007 compared with revenues of $807,944 for the nine months ending March 31, 2006, an increase of 333%.
Total stockholders' equity increased to $8,884,094 for the 2007 quarter from $2,552,746 for the 2006 quarter, an increase of $6,331,348 or 348%.
The Company's working capital equity for the 2007 quarter improved substantially to a positive $2,752,918 compared with a working capital deficiency of $454,634 in the 2006 quarter, an increase of over 700%.
Total assets increased to $11,963,171 for the 2007 quarter from $4,898,294 for the 2006 quarter, an increase of over 240%.
"We are pleased with the development and growth of all of our businesses. Revenues from our logistics and international shipping business have more than tripled for the third quarter compared to the 2006 third quarter as they have in the previous five years, and we anticipate an exponential increase this year and in future years as our controlling partnership of Universal Jet has its financials audited by our accountants," stated Richard A. Altomare, Chairman & CEO of Universal Express, Inc.
Posted by TopRob on :
The dividend payout from the auction should really get things moving.
Posted by tmanfromtexas on :
Jim, why do you have to be a party pooper. lol. TMAN...
Posted by tmanfromtexas on :
There are 21bb shares outstanding. So my divy would only be about .001. woohooo. TMAN...
Posted by TopRob on :
quote:Originally posted by tmanfromtexas: There are 21bb shares outstanding. So my divy would only be about .001. woohooo. TMAN...
That equal more than what you have now.
Posted by tmanfromtexas on :
yep it would. TMAN...
Posted by cottonjim on :
quote:Originally posted by tmanfromtexas: Jim, why do you have to be a party pooper. lol. TMAN...
Don't forget to subtact the percentage that the charities are going to get, unless of course that gets paid AFTER the divy is figured out.
Posted by tmanfromtexas on :
I want my divy dangit. TMAN...
Posted by TopRob on :
On just 1M shares that would be a dividend of $1,400 to $9,500.
That's on an extimated auction profit of $30M to $200M. However, it would probably be somewhat less after they take out their purchase and service cost and yes, the charities and MJ cut. So the new estimated figure would be:
On just 1M shares after a 50% reduction that would be a dividend of $700 to $4,750.
Posted by cottonjim on :
it just keeps getting worse.....sorry i brought it up Posted by Hitman on :
Lookin good again!
Posted by Hitman on :
Put in an early buy order to buy at .0006 but it upticked to quick..... Will wait for a drop and buy again..... Fliped lots of times on this one so far!
Posted by PCola77 on :
Rob, how did you calculate that? $30-200million / 1 million is $30 - $200 per share, where did you come up with $1,400 to $9,500?
quote:Originally posted by TopRob: On just 1M shares that would be a dividend of $1,400 to $9,500.
That's on an extimated auction profit of $30M to $200M. However, it would probably be somewhat less after they take out their purchase and service cost and yes, the charities and MJ cut. So the new estimated figure would be:
On just 1M shares after a 50% reduction that would be a dividend of $700 to $4,750.
Posted by PCola77 on :
BY the way, here are the calculations if you don't use "TopRob" math.
"20% of Net proceeds"
If you take $200million * 20% / 21Billion shares, that's .0019 as an absolute high end of the range.
If their cost was $25million and they sell it for $30million, it's $5million * 20% / 21billion, or .00005 per share.
No way to know where it falls in the range until they release the actual net amount.
Posted by Hitman on :
That give a range of $280 to $1900 on 1M shares
Posted by stocktrader2006 on :
All we need now is an 8K on the Saudi Funding and/or closing of the gas/oil company purchase.
KABOOM!!!!!!!!
LOL
Posted by PCola77 on :
Okay, I see what you were saying. I thought you meant 1 million shares outstanding. You meant if you had 1 million shares. Makes more sense. And yeah, you were just missing the 20% factor then.
quote:Originally posted by TopRob: I stand corrected, I didn't see the 20%.
Holy Crap!! over 2 billion shares traded. TMAN...
Posted by cottonjim on :
did'ja get your divy yet tman LMAO
Posted by tmanfromtexas on :
Not yet...I just read the mhus thread, i am not a happy camper right now. TMAN...
Posted by cottonjim on :
were you still holding?
Posted by tmanfromtexas on :
hell yes, I tried to sell the POS for 2 weeks and couldnt get a bite. Oh well. gwgd, ckys, asvn. Never to trade again in my book. TMAN...
Posted by cottonjim on :
sorry man.
Posted by TopRob on :
quote:Originally posted by tmanfromtexas: hell yes, I tried to sell the POS for 2 weeks and couldnt get a bite. Oh well. gwgd, ckys, asvn. Never to trade again in my book. TMAN...
Never say never. You might buy them again and not even know it, because they will have changed their symbol and name several times.
Posted by TopRob on :
I see this stock exploding over the next few days mainly because of three things. 1) Their revenue is up 391% 2) The Dividend payout on the MJ Auction. 3) The O/S Buy-back
Richard said that they will use 15% of the auction proceeds to buy back shares. This is really good news. That alone will drive the pps up. If they make $100M, 15% would be $15M that could buy 15B shares back at .001. However, after the auction, the pps could be up to .002 then $15M would buy back 7.5B.
Posted by cottonjim on :
Does that 15% come out before or after the divy??? Questions, question, questions....
Posted by TopRob on :
quote:Originally posted by cottonjim: Does that 15% come out before or after the divy??? Questions, question, questions....
Before
"...and we have estimated at least 15% of our net proceeds to a buy back of Universal Express' stock on the open market"
Posted by TopRob on :
Proceeds could really go high. Some eccentric millionare might bid $10M for the plastic E.T. mask. See photos below.
"He would not reveal the name or nationality of the buyer, although he said the man will display the collection in Europe and Japan."
So wait, who is auctioning stuff off? This says it will be displayed somewhere, nothing about being auctioned off in Vegas. Did I miss a step along the way?
Posted by TopRob on :
That artical was written back on March 10, 2004, so it could have changes hands several times since then. Anyway USXP has it now and I'm sure by now they have moved the stuff to Vegas for the auction.
Posted by PCola77 on :
Yeah, thanks Rob, I just noticed that Posted by Hitman on :
On the Watch list for 2moro
Posted by PCola77 on :
Shakerz mentioning this one tonight. Play it quickly if you play it.
Posted by Hitman on :
Got to work today... can't watch the market... wish you guys lots of trading luck... Hope you make lots of $$$$$ :}
Posted by Gary59 on :
Dont know whats happening here BUT 220 million shares already traded all at .0007 before opening. Yesterday over 2.5 Billion shares traded with $1,898,430 worth of shares traded..... This will be interesting to watch today
Posted by PCola77 on :
As I posted last night, Shakerz started posting about this one after the close, meaning he was probably loading up before his "announcement".
Posted by dollar13 on :
WOW
HUGE VOLUME THIS MORNING AGAIN
Posted by BooDog on :
*&%$##&*() scottrade!!
Posted by TopRob on :
Up 1 tick today. Looks like it headed north and not looking back. To the moon on this one.
.0008(9) x .0009(14)
Posted by TopRob on :
Universal Express Appoints New Executive Vice President and Chief Operating Officer for Logistics Operations Wednesday May 23, 12:39 pm ET
NEW YORK, NY--(MARKET WIRE)--May 23, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today announces that Mr. Fabian Bello has been appointed as Executive Vice President and Chief Operating Officer of Universal Express Logistics, Inc., and will be located in our Boca Raton offices.
Mr. Bello was Director of Operations for Hellman Logistics, a large multinational logistics company with over 341 offices in 134 countries. While there, revenues reached in excess of $2.8 billion. He also has 10 years' logistics industry experience; specializing in management, system implementation, and alignment of business processes, as well as financial reporting.
"The moment I was introduced to the Universal Express family, I knew I would be calling the organization home. As Mr. Altomare explained their corporate slogan, 'while some shipping companies think about moving boxes, we think outside of them,' it became clear to me that a dull moment would never be part of my daily experiences. At Universal Express, new ideas are instantly supported and embraced. It is within an environment like this, that promising, innovative and lucrative solutions can be fostered, guaranteeing our ongoing success," said Mr. Bello.
"At a time when the company is developing so quickly, we are pleased to have Mr. Bello join the Universal Express team. Our commitment to increasing our revenues, developing and improving new and existing operations has led us to a new place in this company's history. As we grow, we require innovative thinking which we believe Mr. Bello will bring to our company, future employees and shareholders," said Richard A. Altomare, Chairman & CEO of Universal Express, Inc.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com Posted by TopRob on :
Universal Express Announces Webcast to Highlight Jackson Family Memorabilia Auction
Wednesday May 23, 1:15 pm ET
NEW YORK, NY--(MARKET WIRE)--May 23, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) today announced that its Chairman and CEO Mr. Richard A. Altomare will be conducting its latest webcast on May 24, 2007 at 11:00 AM EDT.
"Universal Express is experiencing a high rate of growth and change. To help keep shareholders and the general public up to date, we are providing a real-time webcast, as we have in the past to answer questions submitted to the site of the webcast on the Jackson Auction, and if time remains, to discuss new and exciting developments in our company," said Mr. Altomare.
To participate in the webcast, please go to http://viavid.net/dce.aspx?sid=00004048 and register for this event. Or go directly to Universal Express' website at www.usxp.com, go to Events, and click on the Webcast Link.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com. Posted by dollar13 on :
WOW
VOLUME CLOSE TO 1 BILL SHARES
Posted by TopRob on :
Looks like Richard may have done a little arm twisting to get MJ to settle out of court. Here is an exert from the article. Link is below.
"This is stuff we have kept from the auction out of respect to Mr. Jackson. The guy has troubles. We all have skeletons in the closet and, if Michael hadn't put up a fuss, I might have quietly, discreetly, just given it to him. I'm a gentleman...but if he pisses me off, I may end up auctioning them."
but if he pisses me off, I may end up auctioning them."
ROTFLMAO Posted by PCola77 on :
That's funny.
Posted by Hitman on :
Just parked for the day.... stock not lookin bad at all
Posted by TopRob on :
Universal Express Logistics Reaches Top Ten List Wednesday May 23, 1:45 pm ET
NEW YORK, NY--(MARKET WIRE)--May 23, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) announces today that Universal Express Logistics is now in the top 10 list of shippers to Central America for Florida West Airlines.
"We would like to congratulate Universal Express Logistics for moving to the top," said Xiomara Maribel, Sales Director of Florida West. "We have been watching them and this just seems like the beginning."
"Universal Express Logistics has recently joined forces with L.I.C. (Grupo Logistico Internacional de Cargo), a network of independent carriers that currently services Central America but has an aggressive plan to expand into South America and Europe," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"Our alliance with L.I.C. has helped us bring to light our excellence in customer service and our 'must get there in time' commitment to the industry," said Mauricio Panesso, Logistics Director and VP of L.I.C.
Florida West, with eleven years in the market, is now the leader in scheduled air cargo in these markets with daily services with its modern and efficient fleet.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com. Posted by sev278 on :
2 days in a row around 1.5 BILLION volume and it only moves 2 ticks???? closed the same today with 3 PRS?? What is going on?
Why is this being held back?? MMs playing some mega games are what? Dilution? POS? What gives?
Go USXP!
Posted by dollar13 on :
USXP
IT'S A HARD STOCK TO BEAT , I HAVEN'T SEE A R/S ON THIS CO. YET ,BUT WITH ALL THOSE SHARES OUT THERE I THINK A R/S IS COMING SOON
JMHO.
I COULD BE WRONG
Posted by TopRob on :
No R/S, well in my opinion, instead they will be reducing the O/S from the auction proceeds. Richard has commited 15% of the auction proceeds to be use for the buy-back. That will buy billions of shares.
Posted by dollar13 on :
WE SHALL BE HAPPY TO SEE THAT ROB
Posted by tmanfromtexas on :
Yeah me too. With the amount of RS being done with other POS stocks, tis seems to be the season. Ole Ricky needs to make some money on this auction or its all over imo. TMAN...
Posted by Hitman on :
I Guess this one is running down hill again!
Posted by sev278 on :
god I hate this and some of these other "crawlers" in my portfolio...
learning a lesson through all of this trading...
seems like with pinkies, you really have to catch the 1 run, and get the heck out... holding long is insane and just gives you grey hairs...
it's brutal, but being that I bought most of these higher, I and probably others are force to sit it out and hope for the best...
just wish something would happen sooner than later...
GLTA
Posted by TopRob on :
They'll be back..... Don't worry about it for now, just wait until after the auction, this thing is going to explode. I'm not selling before then no matter how high or low it gets.
Posted by Firedog on :
Did the web cast happen at 11:00 today?
Posted by TopRob on :
Michael Jackson Invited to Help Raise Funds for Children's Charities at Jackson Family Auction Friday May 25, 11:17 am ET
Memorabilia From Michael, Janet, Jermaine, Tito, La Toya -- Acquired by Universal Express -- Will Be Sold at May 30-31 Auction With Some Proceeds Supporting Children in Need; King of Pop Invited to Sign Autographs on Items Sold for More Than $150K; Celebrity Spokespeople From Charities Also Invited to Serve as Guest Auctioneers
NEW YORK, NY--(MARKET WIRE)--May 25, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) -- Spanning decades of music and performances by Michael Jackson and his talented siblings, the upcoming Guernsey's auction of Jackson Family memorabilia will not only appeal to fans, it will also benefit children throughout the world. To help raise even more money, Universal Express, owner of the collection, has invited Michael Jackson to attend and personally autograph all memorabilia items that command more than $150,000.
Ten percent of the proceeds of the sale of the spectacular personal Jackson Family items will be donated by Universal Express. Charities benefiting from the auction include:
St. Jude Children's Research Hospital Make-A-Wish Foundation Boys & Girls Clubs of America Ronald McDonald House Charities Save the Children
In recognition of this great event, Universal Express has invited celebrities affiliated with the charities, including Jennifer Aniston, Jamie Lee Curtis, Oscar De La Renta, Jeff Gordon, Grammy®-nominated Kelis, Marlo Thomas, Denzel Washington, and more, to be auctioneers for some of the items. Participation by these great luminaries would help increase awareness of their respective charities, as well as garner more money to support them.
"We are thrilled to be involved in auctioning one of the all-time greatest collections of music memorabilia," commented Richard Altomare, Chairman and CEO of Universal Express. "It is particularly gratifying to know that the generation who enjoyed the Jacksons' music from their first appearances as The Jackson Five through the early 1990s, can now help support today's children through their winning auction bids."
The Jackson Auction will take place at the famed Hard Rock Hotel & Casino in Las Vegas, on May 30th and 31st.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com Posted by Hitman on :
May b buyin again
Posted by TopRob on :
Anyone interested in buying from the auction?
USXP now has a very detail list of the auction items on their web site
Some great news the bidding has started on ebay for Michael and the Jacksons family memoribilia.
It's worth a couple of minutes of fans time to take a tour and see an amazing range of clothes and drawings and other jackson family items that are up for sale.
With 5 days to go don't expect the starting bids to stay at the $100 starting bid asking price......"must re-morgage the house, sell the car and my body to raise funds for an MJ jacket!"
What surprises me is that this is starting to get some attention. I saw a story on yahoo's front page earlier today and the news here in Houston was discussing the auction. I guess ole Ricky may have pulled another rabbit out of the hat. Lets hope it aint rabid. lol. TMAN...
Posted by TopRob on :
Huge, Huge volume already this morning. Get ready, this baby is warming up for the trip to the moon.
.0007 x .0008
Vol=628M
Posted by dollar13 on :
ALMOST 1 BILL SHARES WOW
Posted by TopRob on :
Super Vol=1.1B
Holding strong at .0008 and looking good. Major investors now getting in, someone bought 48M, 33M, 61M, 40M, 42M all at .0008.
Posted by dollar13 on :
0.0009 IS THERE
Posted by TopRob on :
Vol=1.3B at .0009
I still don't know why anyone would be selling at these low levels, maybe they haven't read the May 22nd PR. This stock is going to shoot to the moon after the auction once the dividend amount and the buy-back is announced. The buy-back alone will be enough to drive the pps up 10x. The dividend will be like a huge extra bonus.
Posted by dollar13 on :
PPS IS MOVING TODAY Posted by dollar13 on :
0.001 IS THERE
Posted by TopRob on :
Yes, and .001 looks a lot more attractive to big time investors than .000x.
Now that we have major investors buying, I see this going much higher even before the auction.
Posted by PCola77 on :
What do you mean "Now that we have major investors buying"?
quote:Originally posted by TopRob: Yes, and .001 looks a lot more attractive to big time investors than .000x.
Now that we have major investors buying, I see this going much higher even before the auction.
Posted by kermit42 on :
quote:Originally posted by TopRob: I still don't know why anyone would be selling at these low levels
Maybe because they have been following the company and know its pattern?
Posted by IMAKEMONEY on :
I GOT TO SAY I DONT KNOW WHY ANYONE WOULD BUY THIS POS,JMO, FLUSH IS COMING IMO, IF YOU GOT PROFIT TAKE IT,JMO Posted by TopRob on :
Who let the Basher boys back in town. You guys should have bought in last week, cause no one's listening or selling low to you at this time.
"USXP to the moon Thursday/Friday"
Posted by dollar13 on :
Posted by IMAKEMONEY on :
IMAKEMONEY Member
posted May 29, 2007 02:07 PM -------------------------------------------------------------------------------- I GOT TO SAY I DONT KNOW WHY ANYONE WOULD BUY THIS POS,JMO, FLUSH IS COMING IMO, IF YOU GOT PROFIT TAKE IT,JMO
-------------------- Give me your Money.
-------------------------------------------------------------------------------- Posts: 6543 | From: San Diego CA | Registered: Jul 2006 | IP: Logged |
Posted by PCola77 on :
Rob, I was serious. What do you mean that major investors are buying?
Posted by meengener on :
anyone foresee the after auction value of usxp?
Posted by TopRob on :
quote:Originally posted by PCola77: Rob, I was serious. What do you mean that major investors are buying?
I consider large single trades at the Ask to be major investors. We'll talking over 50M each. Today there were over 10. Some as high as 77M * .0007 ($53k), other like 61M * .0008/9 ($48k, $55k).
Posted by PCola77 on :
OKay, thanks. I wasn't watching the T&S and yeah, I'd agree that if there was a trade for almost $70K, I'd consider that a major purchase as well Posted by kermit42 on :
quote:Originally posted by TopRob: Who let the Basher boys back in town. You guys should have bought in last week, cause no one's listening or selling low to you at this time.
"USXP to the moon Thursday/Friday"
You must be new to USXP. This is one of the most predictable stocks I've ever seen. No run lasts more than a day or two and it always finishes lower than it started. There is opportunity for a quick flip, but if you hold, you lose.
If you get greedy, you lose.
This run is already over, but there will be another (from a lower starting point) in a couple weeks.
Posted by TopRob on :
Kermit, you say next week, I say Thursday or Friday. This is assuming they release the details of the buy-back and profits from the auction. I wouldn't call this a run, I'm expecting a huge run up of at least 2x (.0014), maybe 5x (.0035). Now I don't know of any stock that has a constant predictable pattern. Patterns can also be changed by the progress and profits made in the company. USXP has many divisions and the Jackson auction is just one of the revenue streams and it is expected to bring in millions of dollar$. The success of this auction can instantly change any past pattern. Especially if it allows them to buy back billions of shares. Then there's the dividend. The good thing about a dividend is that its value does not depend on the pps value.
Posted by triovestor on :
Yep ....
I will have to agree with Toprob on this .
Just got back from Vegas and the talk about this Jackson auction is like the pope's robes being sanctioned by god for sale and blessed by the heavens to reap untold mega price breaking records .
On one hand we are talking about usxp { a penny co } .
On the other hand .... they have been around for 23 years { unusual for a penny } and have now connected themselves with the most popular music family on earth { bar none } . They took the risk { to purchase for millions these items } .... Such a risk is about to show as one of the smartest moves ever by a penny company .
While in Vegas I talked with two business men at a resort { one owns a small casino at the front of vegas and the other owns a very large import export shipping corporation in long beach California } . Both men said they never owned a penny stock or ever new the name of a penny stock company { and now they know about usxp because of this auction and their purchase of the Jackson items } .
Just as it was weird and unusual for Micheal Jackson years ago to want the elephant man's bones or purchase a hyperbaric chamber ......it was an unusual move for the president of usxp to by the Jackson items .
And theres another part to this . Certain VERY wealthy arabs are Super excited by his auction { as they are incredibly into anything Micheal Jackson } .
Do the math .....
Auction held in Vegas { most circus like hi volume mega hyped up and FLOODED with cash rich people ready to grab anything Micheal or his family have ever touched } .
Auction will be televised { for even more participants } to buy .... and Micheal is so loved in Vegas he is already in descussions for a mega huge dominate the planet comeback based in that city .
Come back here bashers { don't run away so fast } .... I need more shares .
[ May 29, 2007, 20:58: Message edited by: triovestor ]
Posted by meengener on :
low volume today is this bad?
Posted by TopRob on :
It really doesn't matter what happens today, unless you plan on selling before June 1st. Nothing big is going to happen until the auction is over.
Posted by Hitman on :
Will buy again if we get a good dip
Posted by TopRob on :
Not news to bank on, but touching. ---------------------------------------
Universal Express Inc. Awards $5,000 to Boca Raton Community High School and Teacher of the Year Glynis Benson Thursday May 31, 1:34 pm ET
CEO and Teacher of the Year to 'Swap' Positions for a Day in Early Fall
NEW YORK, NY--(MARKET WIRE)--May 31, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) -- Richard A. Altomare, Chairman and CEO of Universal Express Inc., a transportation conglomerate, was so moved when he read about Glynis Benson's recent win for Teacher of the Year, he called Principal Geoff McKee personally to award Mrs. Benson $2,500 on her outstanding achievement and $2,500 towards the students of Boca Raton Community High School. Mr. Altomare and Principal McKee surprised Mrs. Benson with a $5,000 check in front of students, Thursday, May 24th on-site at Boca Raton Community High School. http://www.msnbc.msn.com/id/18416656/
Altomare, a former tenured College Professor, also invited Mrs. Benson, an intensive reading and English teacher, to 'swap' positions with him for a day. The date of the one-day honorary 'occupation exchange' will occur early Fall 2007 and will be announced later this summer.
"Mrs. Benson has done a phenomenal job with her students; many hopefully will become Universal Express future employees. On behalf of the shareholders of Universal Express and subsidiary Luggage Express, it is truly our pleasure to present this $5,000 donation to Mrs. Benson and the students of Boca Raton Community High School on a job well done," said Mr. Altomare.
"Special thanks to Principal McKee for allowing this swap to happen. I am very much looking forward to meeting the students of Boca Raton Community High School and eagerly await Mrs. Benson's take on what it's like to be an honorary CEO for a day," he continued.
"We are so deeply touched by Mr. Altomare's desire to support our Teacher of the Year and to additionally support the hardworking students at Boca Raton Community High School. We look forward to Mrs. Benson becoming honorary CEO for a day at Universal Express and are honored to have Mr. Altomare educate our students early this fall," says Principal Geoff McKee.
For more information regarding the swap or to request press photos of the check presentation, kindly contact Michelle Soudry at The Gab Group, 561-750-3500 or email her at msoudry*thegabgroup.com
Posted by TopRob on :
Auction update -----------------------------
Michael Jackson wardrobe fetches thousands at auction The Raw Story Published: Thursday May 31, 2007
Some of Michael Jackson's memorable and glittery clothes sold for thousands of dollars Wednesday at a huge auction of goods belonging to the "King of Pop" and his famous musical family.
A black silk jacket that Jackson wore on stage in the 1980s fetched 17,000 dollars (12,600 euros), while the evening's biggest sale was another glittery jacket that went under the hammer for 19,000 dollars at the auction held at a Las Vegas hotel-casino.
A red jacket resembling a Buckingham Palace guard uniform sold for 9,000 dollars, while a crimson shirt worn by the star during his "Bad" album tour made more than 1,000 dollars, according to figures available on the Internet.
The Guernsey's Auction House has billed the two-day auction as the biggest-ever sale of Jackson family memorabilia, a lot of 1,100 items including the clothes, music sheets and gold disc awards of Michael, Janet, Jermaine, Tito and La Toya Jackson.
Jackson's MTV music award for the song "We Are the World" garnered 16,000 dollars, while gold discs for his album "Off the Wall" and the Jackson 5 single "I Want You Back" raked in 11,000 dollars each.
Jackson started out in the 1960s with four of his older brothers in the Jackson 5 pop group, which produced a series of platinum records for Motown, selling millions.
Some of the items in Wednesday and Thursday's sale date back to this period, while others are from his hugely successful solo years in the 1980s, when he recorded albums such as "Thriller" and "Bad."
The auction, held at the Hard Rock Casino and Hotel, had gotten off to a less than thrilling start with several items selling for just a few hundred dollars.
A platinum record for the massively successful song "Billie Jean" was sold for just 100 dollars, while a picture signed by the pop legend was bought for 750 dollars.
One of the most notable items, a copy of the contract for Jackson's purchase in 1987 of the California ranch that he nicknamed "Neverland," sold for just 100 dollars.
Jackson himself initially opposed the auction before the matter was resolved amicably. The goods belonged to one of the singer's associates but were seized by creditors when the person went bankrupt.
The 48-year-old singer quit Neverland and spent most of the past two years in the Gulf state of Bahrain after a California court acquitted him in 2005 of child molestation charges. He has recently moved to Las Vegas.
Posted by TopRob on :
The firs2nd t block of auction items (around 1/4th of total) has ended 2007-05-31 TOTAL: $403,275.00
9: The Jacksons' "We Are The World" Awards, 1985 - $17,000.00 9: USA For Africa MTV Video Music Award, 1985 - $16,000.00 23: "Thriller" Award Presented to Janet Jackson - $15,000.00 261: Michael Jackson Signed Charlie Chaplin Drawing - $14,000.00 20: Off The Wall Gold Record to Michael Jackson - $11,000.00 35: The Jackson 5's Motown "I Want You Back" Award - $11,000.00 97: Jacksons NAACP Award, 1984 - $11,000.00 89: Jacksons "Walk of Fame" Star Collection - $9,500.00 242: Michael Jackson Signed Drawings - $8,500.00 21: The Jacksons "Victory" Platinum Award, 1984 - $8,000.00 241: Scooby-Doo Artwork Inscribed to Michael - $8,000.00 17: Janet Jackson "Control" and "Rhythm Nation" Awards - $7,500.00 255: Original Artwork Featuring Michael Jackson, 1983 - $7,500.00 32: Michael Jackson Gold Award, 1987 - $6,000.00 81: "We Are the World" Awards - $5,500.00 65: Destiny RIAA Certified Platinum Awards - $5,000.00 64: Jacksons "Triumph" RIAA Certified Platinum Award - $4,750.00 29: The Jacksons "Victory" Multi-Platinum Award - $4,500.00 301: Michael Jackson Stage Worn Jacket and Cummerbund, - $4,500.00 26: The Jacksons "Live" Platinum Award, 1981 - $4,250.00 60: Jacksons Platinum Sales Award, 1984 - $4,000.00 245: Michael Jackson's Mickey Mouse Drawing - $3,750.00
Yikes. For your sake I hope there are some big ticket items left, or the $200,000,000 estimates will be just a bit high.
Posted by TopRob on :
Yep, not looking good at all. USXP paid $5M for the lot and $2M to move it to Florida. I hope the next blocks are better than this. I guess we'll find out tomorrow.
Posted by Hitman on :
interesting
Posted by sev278 on :
they probably saved the best stuff for Friday, probably the heavy hitters will be there today...
let's hope, at least...
GLTA!
Posted by TopRob on :
Jackson Goods Net About $500,000 Friday June 1, 8:27 am ET Auction of Jackson Family Memorabilia Sells About $500,000 on First Day
LAS VEGAS (AP) -- Jackson family memorabilia brought in about half a million dollars on the first of a two-day auction at the Hard Rock Hotel & Casino, auctioneer Guernsey's said Thursday. The auction, which wraps up late Thursday, displayed more than 1,100 lots, mostly costumes, documents, awards and other memorabilia.
One of the priciest items to sell was a black, military-style coat with an "M" crest that belonged to Michael Jackson. It fetched $24,000, said Guernsey's president Arlan Ettinger.
Several awards sold for similar amounts, including gold and platinum albums presented to the Jacksons for sales of "We Are the World," recorded by a group of artists known as USA for Africa. The set sold for $20,000.
Universal Express Inc., a luggage company based in Boca Raton, Fla., acquired the items in March last year from New Jersey businessman Henry Vaccaro, who took possession of them in 2002 after a failed business venture wound up in bankruptcy court.
After a last-minute court hearing held Wednesday about a confidential settlement his company reached last year about the ownership of some of the items, the company agreed to pull a dozen items so bidding could start on time, said Richard Altomare, the company's chief executive. It was not immediately clear what was disputed, or what items were pulled.
Altomare said he wasn't disappointed at the sales pace, even though his company bought the items for $5 million and spent more than $2 million transporting them.
The company's collection includes other Jackson items, such as master tapes of hundreds of songs, some never released, that will be sold later, he said.
"We have two times the number of items here still in our warehouse," he said.
Posted by stocktrader2006 on :
$500,000? That is it? That is a far cry from the estimated $50-$100 Million. When all said and done, they'd be lucky to get their $7 Million dollar investment back, IMO.
Another lie from RA, huh? Why am I not surprised? Posted by PCola77 on :
Well, he says that he has twice as much stuff still in the warehouse...
So is this the stock that was going to pay a dividend and buy back shares with the "proceeds", or was that another POS stock?
And if it was this one, if they were going to do a buyback with the profit, does that mean they'll dump a bunch of shares to make up the difference?
Posted by cottonjim on :
Good way to strengthen your eye muscles Posted by stocktrader2006 on :
Lotta eye rolling going on........
Posted by TopRob on :
Hey, but the dividend on this is $6 per Million shares, that's good for a good burger. With the second block maybe enough for a burger, fries, and a drink.
Posted by Lockman on :
I wonder if they have any little boy stuff, that an aging pop star might want to buy back? LOL
Posted by PCola77 on :
Rob, I'm guessing holders lose the "dividend" about 50 times over when the price crashes from people bailing who bought in for the dividend.
Posted by TopRob on :
No way Lockman, all that stuff was pulled before auction by MJ.
Posted by TopRob on :
quote:Originally posted by PCola77: Rob, I'm guessing holders lose the "dividend" about 50 times over when the price crashes from people bailing who bought in for the dividend.
Most likely true, but you'll still have your burger.
Posted by stocktrader2006 on :
Ya, a friggin .99 jr. bacon cheeseburger from Wendy's!
Posted by TopRob on :
But seriously, we don't know how much MJ stuff USXP really has. What we seen auctioned and in the list is no way worth $5M. Now if Richard actually paid $5M for that junk, then he's the real sick one here. Richard claim to have purchased 20,000 items. They only auctioned less than 2,000 pieces, so that leaves 18,000 to go. I have a feeling the best is yet to come. Maybe a second auction or even a private one for the super rich.
This could be a trick to get some to sell out so they can buyback billions. Wouldn't that be the icing on the cake. How sweet it is.
Posted by stocktrader2006 on :
quote:Originally posted by TopRob: But seriously, we don't know how much MJ stuff USXP really has. What we seen auctioned and in the list is no way worth $5M. Now if Richard actually paid $5M for that junk, then he's the real sick one here. Richard claim to have purchased 20,000 items. They only auctioned less than 2,000 pieces, so that leaves 18,000 to go. I have a feeling the best is yet to come. Maybe a second auction or even a private one for the super rich.
This could be a trick to get some to sell out so they can buyback billions. Wouldn't that be the icing on the cake. How sweet it is.
I think you should call him the short version name of Richard - DICK!!!!!!!!!!
Dick has got to be one of the most conniving sunsofbiatches CEO I've ever seen. JMHO.
Posted by stocktrader2006 on :
10% of net proceeds donated to charity: ($62,125.00) = $559,125.00 20% of net proceeds to shareholders: ($111,825.00) = $447,300.00 15% of net proceeds to buy back stock: ($67095.00) = $380,205.00
$1.5 million owed to Henry Vaccaro per court ruling: -$1,119,795.00 $2 million for shipping and handling expenses: -$3,119,795.00 $5.8 million for the original purchase: -$8,919,795.00
WHAT A JACKASSSSS!!!!!!!!!!!!
Posted by Lockman on :
So where's the math on this one. lol
I'd say he used company money to buy the crap and the proceeds will go in his pocket.
unbelieveable how dumb some of these guys are.
Posted by stocktrader2006 on :
It is beyond me that this POS is not suspended and on the graysheets by now. Although, this may be the last straw.
How long will the SEC let this moronic lying crook steal people's money?
Posted by PCola77 on :
Sorry, but I have to correct you a bit. NET means after costs are taken out, so if you want to be literal, it would go like this:
Total income $621,250 Total cost $8,119,795 Net Gain/(Loss) = ($7,498,545)
10% of net gain/(Loss) to charity means the charity owes him $750,000 20% to shareholders means sharholders owe him $1.5million 15% share buyback means he can dilute $1.125million worth of shares
10% of net proceeds donated to charity: ($62,125.00) = $559,125.00 20% of net proceeds to shareholders: ($111,825.00) = $447,300.00 15% of net proceeds to buy back stock: ($67095.00) = $380,205.00
$1.5 million owed to Henry Vaccaro per court ruling: -$1,119,795.00 $2 million for shipping and handling expenses: -$3,119,795.00 $5.8 million for the original purchase: -$8,919,795.00
WHAT A JACKASSSSS!!!!!!!!!!!!
Posted by kermit42 on :
I don't for a minute doubt this company is a scam. Any dividend or buy back will simply be a ruse to sell more shares (because that's what everything is with USXP).
BUT
From the hint of what's left, it seems like the best is yet to come. They didn't figure on getting millions of dollars out of monogrammed jackets and framed gold records. If the master tapes come with the copyright (and who would pay more than low three figures if they don't?), that will get some real money.
Maybe auctions are like golf tournaments--the first two rounds are just to see who gets to play the final rounds and the national TV audience doesn't show up until the last day.
They probably exaggerated the potential take by a factor of 10, but probably not by a factor of 200.
Posted by TopRob on :
Yeah Kermit, there's got to be more than this. I just didn't see anything in the list worth anything close to a million bucks. There also a lot that I don't think was even worth the minimum $100. For one thing, I can't imagine Richard paying $2M bucks to move that junk to Vegas. He could have put all that crap in a U-Haul and moved it for less than $2,000. I think we'll be hearing more on the remaining items.
Posted by TopRob on :
Which is correct, $621k or $1.5M and will there be another auction? Maybe we'll find out Monday. -------------------------------------------
Michael Jackson auction brings in 1.5 million dollars Posted on Friday, June 01, 2007 (EST) An auction of the King of Pop Michael Jackson's memorabilia this week brought in between 1.5 and two million dollars, said the company that organized the sale, promising to hold another.
Awards that Jackson won for the collaborative song "We Are the World" and the MTV Video Music Award he won for USA for Africa brought in 20,400 dollars and 19,200 dollars respectively.
"Although the final tally is still being calculated, Universal Express estimates total sales of this first stage to be between 1.5 - 2 million," the company said.
"The extraordinary response to the auction has prompted Universal Express to plan a second Jackson Family auction, which will feature some of the merchandise held back from this weeks event, as well as many smaller, less expensive items."
Universal Express had purchased thousands of Jackson family items, goods which belonged to one of the singer's associates but were seized by creditors when the person went bankrupt.
Jackson himself initially opposed the auction before the matter was resolved amicably.
The 48-year-old singer quit Neverland and spent most of the past two years in the Gulf state of Bahrain after a California court acquitted him in 2005 of child molestation charges. He has recently moved to Las Vegas.
I made some money on this last year not sure whats up now but im sure it will get back to its usual run this one is a must watch for a good return
Posted by TopRob on :
I expected to see a PR today explaining the auction results. I guess they are still counting all that money. I wish they would hurry and payout the dividend. I'm looking forward for my .00002/share cut (20% of $1.5M). That's a wopping $20 bucks per million shares. Wow!!
Maybe they are too busy planing the next auction:
"The extraordinary response to the auction has prompted Universal Express to plan a second Jackson Family auction, which will feature some of the merchandise held back from this weeks event, as well as many smaller, less expensive items."
Posted by stocktrader2006 on :
Give it up. This auction was a complete failure for the co. and shareholders - thanks to that moronic POS CEO!
Should of known better when he PR'd that the MJ chit was worth $50-100 million and at the bottom of the PR was the Safe Harbour Act - which is his defense to get away with BS'ing shareholders and lying all the time.
Posted by dollar13 on :
YEAH GIVE IT UP
Posted by TopRob on :
I still just can't believe why he would pay $5M for a pile of junk and then insure it for $100M. I would say he was scammed pretty good on that one. Unless the best is yet to come.
Posted by stocktrader2006 on :
He was scammed?
I guess what goes around, comes around!!!!!!!!!!
Ya, the best is yet to come alright - like how 'bout the $40M Saudi Investment, $700M NSS judgement from the SEC, Oil/Gas Co. purchase with sales of $100M/year, etc...........
Talk about a freakin pump & dump artist - Hey, what's Mr. Cox's phone number at the SEC again? Oh wait, it won't matter since RA hides behind the safe harbour act.
Who gets the 22mil?
Posted by stocktrader2006 on :
Probably the lawyers after all of their fees Posted by BlindMellonChitlin on :
Altamare has redefined the terms crook and scumbag IMO. It's now time for him to pay the piper. Maybe a few years in jail might get his attention. Of all the scam stocks in pennyland USXP is the poster child IMO.
Posted by TopRob on :
It's not over yet, they still have 2 more auctions to do. Now if we can just get Richard A to come out of hiding, they can get this thing moving again. However, that's assuming that the best is yet to come.
Posted by stocktrader2006 on :
Ya right, good luck with this POS!
Posted by TopRob on :
Several Huge buys at .0006 for this to be a POS. Somebody getting in or it could be Richard buying back shares while everyone's getting cold feet. Now wouldn't that be an amazing clever strategy. I feel a good PR coming.
.0005 x .0006
Posted by sev278 on :
News Out!
Universal Express Updates Jackson Memorabilia Status Tuesday June 12, 2:17 pm ET
NEW YORK, NY--(MARKET WIRE)--Jun 12, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) -- Richard A. Altomare, Chairman and CEO of Universal Express, Inc., comments on the Jackson Family Memorabilia status and its future plans.
ADVERTISEMENT "Having recently completed only stage one of our long-term Jackson auction and memorabilia sale, I wanted to succinctly clarify our present status, sales totals and future plans to all interested parties," said Richard Altomare.
Mr. Altomare continued, "The multiple legal and overly emotional court cases and repeated questions of ownership have generated news stories and have definitely complicated stage one of our initial 1100 lot auction in Las Vegas.
"Disclosure has been made more difficult due to our now strained relationship with our auctioneer's inability to give us final sales numbers and our auctioneer's removal of key lots prior to commencement of the auction, without our permission. In addition, Universal Express recently had a court enforce return of its property from the same auctioneer. That episode and other auction issues will be made public at the appropriate time in the future.
"I continue to stand behind our original estimate of 30 to 200 million dollars for the entire Jackson Memorabilia collection due to the returning items; those items which remain in our warehouse, the tabloid value of some of those items and most importantly the master music tapes.
"Without revealing label discussions and possible financial partnerships our 138 master tapes do include over 23 unreleased songs, which necessitated the need for our initial Las Vegas auction to definitively determine ownership.
"It is legally interesting that ownership must precede sale in the Jackson auction and in all property transactions except, of course, our on-going naked short selling case with the SEC. Permitting sale of stock daily without actual ownership strangely resembles the elements of this case.
"While some of our shareholders lament only an estimated million dollar initial auction, but with over 30 prized lots not auctioned and approximately 25% of the initial lots retained for a future auction; but more informed shareholders may better understand our need to prove ownership, successfully defeat future legal musical claims and initiate dialogue with some highly visible music sources. Our initial media coverage generated millions of branding dollars with millions upon millions anticipated as future sales and master tape announcements materialize.
"The more elaborate the table, the longer the preparation sometimes takes. To those desiring a fast meal, our media coverage should have been sufficient. To those desirous of a memorable feast, we will take whatever legal and negotiation times necessary to achieve our ultimate goals.
"In conclusion, Universal Express has generated positive press, continued its brandings, exposed itself to entirely new markets and industries, and has demonstrated its legal maturation and sophistication. Our Jackson story has just begun. Hopefully the musical sounds will awaken those who haven't yet grasped the size and scope of our subsidiaries and our ultimate corporate drive," concluded Richard Altomare.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com Posted by PCola77 on :
Whew, glad he finally clarified. I'm sure *this* time he's telling the complete truth, as opposed to his serial lying in the past.
Posted by stocktrader2006 on :
quote:Originally posted by PCola77: Whew, glad he finally clarified. I'm sure *this* time he's telling the complete truth, as opposed to his serial lying in the past.
Oh ya, I agree...God bless that kind honest man....I'm buying 25 million shares ASAP.
Posted by tmanfromtexas on :
Just another page in the usxp soap opera. TMAN...
Posted by triovestor on :
Well I don't know about 25 mil ...
But I would love to pick up a couple mil more at this price
This beautiful little scammy gem always puts money in my account . Been making money for weeks on it and accumulating shares for long .
And now usxp is forever connected to the king of pop and the worlds most famous music family . Awesome !
Posted by TopRob on :
I hate to sound negative here, but I'm starting to loose confidence in Richard A and this whole auction deal. I have a feeling the big money making items may end up in court again.
I could be wrong, but here is my take on all this:
Having the rights to mass-produce the music tapes could be worth millions, but I just don't see how USXP can win the rights to music produced by someone else. I think that falls under copyright laws. They bought the tapes, but not the copyright. So having the right to only listen to them privately would probably make them a lot less valuable. Now even if it would be a copyright violation, someone creative could figure out how to change them a little to get around that, but then they wouldn't be able to use the Jackson name. So that would take some of the glory away.
Also, if I were spending $5M on items once belong to someone else, I would definitely have lawyers review the legal rights before I would try and sell them. Why didn't he do this first?
Posted by stocktrader2006 on :
TopRob -
YOU ARE STARTING TO SEE THE LIGHT!...FOCUS ON THE LIGHT!!!....KEEP WALKING TOWARD THE LIGHT!!!!.....THE LIGHT WILL SET YOU FREE!!!!!!!!!!!.......THE LIGHT IS GOOD!!!!!!!!
LOL
Posted by BlindMellonChitlin on :
$26,940,000 total losses for the last four quarters ought to indicate the quality of USXP management.
Not a basher (I have stock in USXP) just getting very irritated.
Posted by dollar13 on :
________
NO SING OF LIFE YET
IMO
Posted by sev278 on :
BUMP BUMP BUMP
Just trying to get this back to Page 1
Any updates on Jackson Auction? Any sings of Life anywhere?? WTF??
GLTA!!
Posted by TopRob on :
He can put out some fancy PR's, but no word about the auction or the buyback and dividend. -----------------------------
Universal Express CEO Requests Investigation Into Ex-Clearing Portfolios Thursday June 21, 7:30 am ET
NEW YORK, NY--(MARKET WIRE)--Jun 21, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) CEO, Richard A. Altomare, today requested a Federal financial and tax investigation into the Ex-Clearing accounts between brokers where the naked short sellers hide their daily short settlements and fail to deliver and receive by not entering those numbers into the existing depository system.
"This broker to broker loan system exceeds one trillion dollars, according to the New York Stock Exchange Focus Report. After the failure of the REG SHO program and its recent grandfather clause reversal, those naked short sellers now have only two choices: either cover or hide those positions in this process where brokers trade with each other without entering the depository system," said Mr. Altomare. "On July 24th it will be eight years since the ill thought out REG SHO program was created. During this period our stock control groups have been eliminated, accountability of market makers has deteriorated even further, and American shareholders have lost trillions of shareholder equity through trading scams, yet this Ex-Clearing process remains unsupervised and exceeds a trillion dollars!"
"Has our government received the tax payments? What are the interest rates, durations and tax expense deductions of these transfers? Are they loans? Who supervises these transactions? Let us always remember if a Company stock is naked shorted and after the shorting the company fails -- there is no taxable revenue recognition event for the broker or account that shorted the stock," continued Mr. Altomare.
"Today, I call upon the appropriate committees of Congress and even the Courts hearing our case to seize those funds pending the outcome of Universal Express' $700,000,000 existing judgment lawsuit or to institute a thorough federal criminal and tax investigation into those accounts. The American trading system demands a level playing field, by a regulatory agency that is both capable and willing to create that type of environment.
"I have often spoken of naked short selling, its avoidance of Federal taxes, and the protection of our shareholders. We have openly lobbied against the unconstitutional grandfather clause initiated to protect market makers during the last 3 years of naked short selling. Why must I now point out a trillion plus dollar broker to broker non-transparent account process? Isn't that what we expect of a functioning regulating agency?
"I request that the SEC deal with this question rather than malign the whistle blower. We've played that game before when the SEC actually denied that naked short selling existed and attacked those of us who revealed it. Today sadly the SEC admits that criminal naked short selling exists. Let's not today deny this trillion plus dollar process. Solve this loophole! Acknowledge the oversight! Protect the dignity of our capitalistic electronic trading system!
"This press release will be distributed to the appropriate members of Congress and the Justice Department.
"As the criminal naked short sellers scurry to find non-transparent loopholes, this Ex-Clearing account must be closed or seized.
"Denials, delays, defensiveness and now deceptive accounts. Is it any surprise, our regulatory agency's grade should be a 'D'?" concluded Mr. Altomare.
Posted by Hitman on :
interesting
Posted by TopRob on :
Good speech, but who do you trust. Richard says their company is on the right track and is growing, but just don't understand why their stock is so low when it should be around $2. He says it has to be low due to illegal shorting. He's also sticking to his auction estimate of $30M to $200M. Unbelievable or what. Hear for yourself, his interview starts 10.5 min into the recording. ---------------------------------
Universal Express CEO Richard Altomare Interviewed by MoneyTV Friday June 22, 10:21 am ET
NEW YORK, NY--(MARKET WIRE)--Jun 22, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today announced its CEO Richard A. Altomare provided in-depth information on a range of current topics during an interview with MoneyTV.
Mr. Altomare's interview included topics such as Universal's latest press release on Ex-Clearing, Jackson Family Memorabilia auctions, progress on Saudi Funding and Alliances, MadPackers, Luggage Express, and exposing and fighting the Naked Shorting scandal.
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com Posted by TopRob on :
USXP going down. Now may be a good time to get in if you trust Richard Altomare.
Now .0002 x .0003
Posted by Hitman on :
Just put in a buy order for 1 million at .0002 Gr8 flip if i can buy at .0002 will be at least one flip at .0003 so $200 will make $100 quick if I can buy LOw
Posted by TopRob on :
Well I got out at .0005, now back in at .0003. Maybe I can make up for my loss now.
Now back to the moon USXP!!
Posted by sev278 on :
trying to free up funds to buy more at .0003 - I definitely think this puppy will move again soon, it has too many things going for it... unless this CEO is a crook.... lets hope not...
I'm praying for PENNYLAND !
GLTA!
Posted by TopRob on :
Although the auction phase 1 didn't go too well, USXP seem to have so many other things going on. The pps won't stay down forever. ---------------------------------------
Universal Express Begins Offering LEAP Franchise Opportunities Friday June 22, 1:57 pm ET
NEW YORK, NY--(MARKET WIRE)--Jun 22, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) today announced its completion of its LEAP (Luggage Express Associates Program) franchise agreements and will be offering Luggage Express Franchise opportunities in Florida and Texas. LEAP franchise opportunities will be available to all 50 states as registrations are completed for each state.
It is expected within the next 30 days, LEAP Franchise registrations will be complete and ready to offer franchise opportunities in California, Hawaii, Illinois, Indiana, Kentucky, Maryland, Maine, Michigan, Minnesota, North Carolina, North Dakota, Nebraska, New York, Rhode Island, South Carolina, South Dakota, Virginia, and Washington.
LEAP is a Franchise program that grants protected territories of "at least" 500,000 people in each territory to individuals that wish to operate a luggage service business, specializing in the door-to-door delivery of luggage, as well as bicycles, golf clubs, skis and a wide variety of other items. The Franchisee will have the opportunity to market their territory and increase sales, with the efficient and established Luggage Express.
Luggage Express will make the initial training program available to the Franchisee's designated manager. The package includes a 5-day extensive training program, which involves proven training on marketing and sales as well as on-the-job training with our software, in the offices of Boca Raton. Opening and on-site assistance will be available at an approved site by trained officials. Financing is available for up to 80% of the initial fee, payable over a 5- to 8-year term. Also available for financing is a Ford 250-Econoline Van which is made possible through a recent partnership between Ford and Universal Express.
Matthew Jones, Senior Account Manager for LEAP, said, "Within the seven years, Luggage Express was formed through Universal Express' thinking 'outside of the box' philosophy. Now, with the LEAP Franchisees, we can reach more customers than was possible before. Franchisees in distinct territories can advertise locally throughout their territory, and when you have a local presence in communities, you speed up awareness of our luggage services."
"The road to becoming a Franchisor of Luggage Delivery services was long, but well worth it. Compliance with Franchise registrations is complete, and we are now in the midst of completing registrations in each state. The Luggage Express business model is a sound, proven business that business owners will embrace and help change the way Americans travel," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"Luggage Express has received inquiries from all across the country by individuals and companies as well as from the international community. Inquiries from Canada, Switzerland, Spain and India are being processed. This shows that there is a market for global development in this industry," concluded Mr. Altomare.
Posted by PCola77 on :
LMAO
MArtin Luther King Jr, Rosa Parks, Jackie Robinson, Richard Altomare...
Universal Express Responds to SEC Request Monday June 25, 7:30 am ET
NEW YORK, NY--(MARKET WIRE)--Jun 25, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) CEO Richard A. Altomare responded to the most recent SEC's revealing and inappropriate request for Receivership. "How can Receivership be requested for a company with a functioning chain of command, with ongoing acquisitions, with increasing valuation and with vibrant subsidiaries?" asked Mr. Altomare.
ADVERTISEMENT "Did Universal Express request Receivership to replace SEC management after we received a $700,000,000 judgment proving the existence of naked short selling and the awareness of the SEC's active participation in that illegal practice?" continued Mr. Altomare.
"Did Universal Express request Receivership when 6000 companies were damaged or failed due to the trading problems caused by naked short selling or when the SEC reversed its public statements on the existence of naked short selling or when the SEC issued a criminal counterfeiting grandfather clause and was recently forced to remove it?
"A 'before the appeal' grandstanding Receivership request reveals the SEC's fear of our jury trial appeal. Our entitled jury trial will determine not only if USXP did anything worthy of such attention, but if the SEC's naked short selling cover-up resulted in causing this case in the first place. That jury trial will also determine if the SEC owes the $700,000,000 judgment and has over-regulated, profited from, or damaged other public companies.
"Universal Express is much more than a court case with the SEC. Yet, with no jury trial, no criminal accusations, how does the opposing litigant in an existing legal matter attempt to seize and discredit a company with a proven $700,000,000 judgment against the process which has been permitted by the same litigant?
"Such a premature and legally unfounded press maneuver causes no concern, no capitulation and no docile acceptance of something that would take months to accomplish if there had been no jury trial planned.
"Naked short sellers first demean and bash a company's core business or CEO, then begins short selling the company's value and finally they try to destroy the stock value so that they will never have to pay for their criminal activity. In this case, the only additional ingredient added by the SEC is the avoidance of a jury trial. Apparently, the SEC has learned the pattern taught by professional naked short sellers. Fortunately, our justice department must permit a full jury trial appeal process.
"Throughout the centuries of human development, well-intended government employees, judges and even some journalists have blindly embraced unquestioned status quo practices until the collective intelligence of the common man finally understood that the status quo may have been incorrect.
"Segregation, women's rights, gay rights, fascism and even unpopular wars have taken intelligent and well-intended people decades to realize that the status quo may have been wrong. Naked short selling and today's SEC unchecked policies are part of that same critical thought process. When legal status quo is questioned, the individuals who question those practices must be persistent, resilient and believe the results are worth the battle.
"For 17 years, Universal Express' filings were approved by the SEC. Yet, days after suing the SEC for its naked short selling policy our entire capitalization was attacked by the opposing litigant in our trial. The only defense the SEC feels it has to present is one of immunity from prosecution. Our requested jury trial will question immunity, naked short selling, abuse of power and monies owed to failed public companies. Therefore, it is no surprise that the SEC wants to also run our company during that trial.
"This trial will examine, through full disclosure, the magnitude of the incompetence, abuse of power or criminal activities. The stakes of this case are much more complex than 'paid or friendly' reporters would want the collective intelligent reader to be told.
"I am sure that Rosa Parks, Susan B. Anthony and others, who questioned previously accepted 'legal' practices, were vilified, criticized and even demonized prior to the truth finally surfacing. When the cause is just, the enemy must be engaged. Naked short selling and the unchecked abuse of power of a governmental agency are such valuable causes worthy of the battle. We will help the truth to surface.
"Universal Express intends to vigorously defend the rights of its officers, employees, shareholders and all worldwide investors. We have requested a jury trial for full disclosure and let us not forget that all components of this company continue functioning and prospering.
"After all the facts are heard, Universal Express will have aided in improving our future trading system, create a healthier relationship between the regulatory agency and its member companies, as well as, receiving the funds its shareholders have earned during this ten year process of aiding in the surfacing of the truth," concluded Richard A. Altomare, CEO.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Posted by PCola77 on :
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Article Tools Sponsored By By FLOYD NORRIS Published: June 23, 2007
The Securities and Exchange Commission, stating that Universal Express “appears to exist primarily as a vehicle for fraud,” has asked a federal judge to appoint a receiver to take control of it. Universal Express is a penny stock company that has sold billions of unregistered shares to the public.
The motion, filed in United States District Court in Manhattan at the close of business on Thursday, could lead to a closing of the company, which has reported losses far in excess of its revenues but has stayed afloat through the stock sales. It provides services to shipping companies.
In February, Judge Gerard E. Lynch of Federal District Court granted a summary judgment in favor of the S.E.C. in its civil suit against Universal; its chief executive, Richard A. Altomare; and its general counsel, Chris G. Gunderson.
The judge ordered the defendants to pay $21.9 million and barred them from being involved in penny stock sales in the future. He also banned Mr. Altomare from serving as an officer or director of a public company.
The company did not pay the fine, and not until Wednesday did it seek a stay of the order. Mr. Altomare continued as Universal’s only director and it issued billions of shares.
In its filing, the S.E.C. said, “Universal Express has since 2001 existed primarily as a vehicle to flood unregistered stock into the public market at values fraudulently inflated by the dissemination of false and misleading statements” and said the “conduct is continuing unabated.”
Universal issued a statement saying the action was “unfounded and without legal justification.” It quoted Mr. Altomare as saying he was “confident that the motion will be summarily dismissed.”
Universal, with its corporate headquarters in New York and its operations based in Boca Raton, Fla., has argued that its issuing of shares without registering them was legal because of a provision approved by a bankruptcy judge in 1994, when Universal emerged from a reorganization. Judge Lynch found that claim to be baseless.
The company also argued that it was being persecuted by the S.E.C. because Mr. Altomare had been a loud critic of the commission for not cracking down on “naked short selling,” the practice of selling shares without owning or borrowing them.
If a receiver is appointed and no new shares are issued, the company might have trouble financing itself. In the first nine months of its fiscal year, through March 31, it reported $2.7 million in revenue and a net loss of $21 million. It took in $11 million by issuing new shares.
In over-the-counter bulletin board trading, Universal Express was unchanged, with the stock selling at one twenty-fifth of a cent. The day’s trading volume was 1.4 billion shares.
Posted by oldguy on :
I have made alot of money on this stock. I just bought more today. I can tell you there is a pattern. Since I have invested in this stock, it has fluctuated from .131 down to .0003. The last run was to .045 from .0003. It is about to happen again. The volume is extremely high, which preceeds every run. I expect it will run again to at least .04. It doesn't take a whiz kid to figure out the math. Brace yourself!
Posted by PCola77 on :
Thanks for the info. Should we call you Mr. Altomare, or is Richard okay?
quote:Originally posted by oldguy: I have made alot of money on this stock. I just bought more today. I can tell you there is a pattern. Since I have invested in this stock, it has fluctuated from .131 down to .0003. The last run was to .045 from .0003. It is about to happen again. The volume is extremely high, which preceeds every run. I expect it will run again to at least .04. It doesn't take a whiz kid to figure out the math. Brace yourself!
Posted by oldguy on :
I don't care what you call me p-coli, just watch the pps go up as usual. this is not the first attack against this stock.
Posted by dollar13 on :
PERHAPS 0.0001 WOULD IT BE BETTER.
IMO Posted by kywee on :
Just hit .0002 for the first time in years. Has it ever hit it before? SC only goes 3 years back.
Posted by dollar13 on :
R/S
COMING SOON IMO
Posted by tmanfromtexas on :
If they dont halt it first... TMAN...
Posted by TopRob on :
It just don't look good anymore. I bailed just in time for no loss.
I would have stayed in if they had given more positive details about the auction. My guess is that they are running into legal problems with ownership of the master tapes. He played hardball with the king of pop, but it looks like MJ may win this round.
Now if the SEC succeeds with the Receivership, things could get worse. The Receiver could destroy the company and leave shareholders out in the cold. I don't think it right, but big government is also corrupt and has more power. Richard A could fight this and may win, but it will most likely be a long process.
I might jump back in if I can buy at .0002 for a smaller lot. USXP may suprise us all.
Posted by stocktrader2006 on :
quote:Originally posted by oldguy: I don't care what you call me p-coli, just watch the pps go up as usual. this is not the first attack against this stock.
OMG, I just noticed what you did here - you took someone's name and twisted it around into something funny. That is hilarious. Dude, why are you here? You certainly could be a top comedian with all of your talent. And based on your stock picks, I recommend it!
Posted by TopRob on :
It gets worse everyday for USXP. Just as I suspected, the auction items ownership battle could drag on for a long time. Now USXP may have to pay some of MJ's legal expenses. --------------------------------------------
Jackson Memorabilia Dispute Continues Monday June 25, 6:02 pm ET Dispute Over Jackson Family Memorabilia Continues in Las Vegas
LAS VEGAS (AP) -- A battle over ownership of Michael Jackson memorabilia is headed back to a Nevada courtroom, where the King of Pop is seeking the return of items withheld from an auction of family items.
Jackson's sister, singer Janet Jackson, also is seeking the return of items held back during a May 30-31 memorabilia auction at the Hard Rock hotel-casino in Las Vegas.
District Court Judge Elizabeth Gonzalez ordered 60 items impounded at the Clark County courthouse, the Las Vegas Review-Journal reported Monday, while she sorts out ownership and decides whether to punish the company that brought the items to auction.
Gonzalez scheduled a July 16 contempt-of-court trial after deciding June 12 that Universal Express Inc. of Boca Raton, Fla., violated earlier court orders to withhold some of the more than 1,100 items offered at auction.
L. Joe Coppedge, a Las Vegas lawyer for New York-based Guernsey's auction house, said Monday that the auctioneer had no stake in the continuing dispute and was complying with the court order to deliver the contested items.
"Per the judge's order, we have delivered 35 items claimed by Janet Jackson and 23 items claimed by Michael Jackson, with two in transit to Las Vegas," Coppedge told The Associated Press.
Overall auction sales were estimated at more than $1 million, topped by Michael Jackson's black, military style coat with an "M" crest. Universal reported the jacket fetched $20,400.
Michael Jackson items withheld following a last-minute court battle included a steamer trunk of the pop star's personal effects, his personal collection of Three Stooges photos, sheet music signed by participants in the "We are the World" charity fundraiser, and a piece of Australian aboriginal art that Jackson received in 1987 to mark record sales of his "Thriller" album.
Janet Jackson items withheld included the original certificate of her marriage to singer James DeBarge, high school notes, and script pages from her 1984 appearance on the "Diff'rent Strokes" TV series.
Gonzalez had accepted a confidential settlement May 30 allowing the auction to go forward, but prohibiting Universal Express from "selling, giving, conveying or transferring by any means" the 25 items specified by Michael Jackson's lawyers.
Under the settlement, which had been confidential, Jackson's lawyers dropped their effort to block the auction.
In a June 12 hearing in Las Vegas, the judge ordered the settlement to be enforced, made Janet Jackson a party to the agreement, and ordered Universal Express to pay some of Michael Jackson's legal expenses.
Universal Express lawyer David DeToffol of New York has denied violating Gonzalez's order, and instructed Guernsey's to return the items to Universal Express, court records show.
DeToffol and a Universal Express lawyer in Las Vegas did not immediately respond to requests for comment Monday.
Posted by oldguy on :
Hey stocktrader 2006. You could be right. Have you bailed out yet?
Posted by dollar13 on :
quote:Originally posted by oldguy: Hey stocktrader 2006. You could be right. Have you bailed out yet?
HE NEVER BEEN IN IT , HE JUST LIKE TO DO AN EXTENSIVE DD ON THE SCAM STOCKS.
LMAO
Posted by oldguy on :
I will be the first to admit that Mr. Altamore has his hands full with this latest trial. He may not win. Most of us have only invested chump change in this stock. If he loses, oh well. If he wins, great! There is probably a very slim chance he will collect any of the $700,000,000 in judgments. It's been on the books for a couple of years now. I'm willing to wait and see what happens. You can call me whatever name you want. Any micro penny stock is a gamble.
Posted by dollar13 on :
BILLIONS , BILLIONS , BILLIONS OF SHARES OUT THERE, I AGREE IN ONE THING WITH RA THIS POS HAS BEEN SHORTED TO THE DEATH.
Posted by TopRob on :
Shorting was not the problem. Shorts can't make money on strong companies making money. The real problem is they were not making money and they diluted too much, so then it became a short's paradise. If the MJ auction had been a success, that would have turned things around for the company. But RA didn't do the proper research on the items to determine ownership before buying for $5M. Now they face legal problems on this. The sooner they resolve this the better.
Posted by dollar13 on :
Shorting was not the problem
I THINK SHORTS ARE THE BIGGEST PROBLEM WITH ALL THIS COMPANIES JMO, HOW CAN YOU SELL AND SELL AND SELL SHARES "FTD" AND THE PPS STILL GOING DOWN?
Posted by oldguy on :
Why so quiet? Is everybody holding their breath?
Posted by stocktrader2006 on :
quote:Originally posted by oldguy: Why so quiet? Is everybody holding their breath?
No, it's probably because no one smart is in this POS.
Do your DD.
Posted by oldguy on :
I was just thinking. Who is buying all the shares? Is it folks who are willing to take a gamble? Does anyone know if any large blocks are being bought? I haven't been keeping track.
Posted by oldguy on :
stocktrader 2006 says no one smart who owns this stock. If anyone is smart they don't "invest" in any micro penny stocks. If reverse splits don't get you, the scammers will. I have been able to make some money in these kinds of stocks and in particular this one. I have also lost on R/S stocks and scams. But, overall, this hobby has been fun and rewarding. No one would rely on pinks for their retirement.
Posted by dollar13 on :
THOSE SHARES BLOCKS THAN YOU ARE TALKING ABOUT , I BET THEY DON'T EVEN EXIST.
IMO
Posted by oldguy on :
I don't know if they (the share blocks) exist or not. I was just curious if anyone is selling that has some real money at stake, not just a few bucks, or if anyone is buying large quantities of this stock and if so, why? I'm willing to see if RA can win these court battles. He is very famiiar with the courts and does well litigating.
Posted by TopRob on :
Although this look like a high risk POS now, things could change. People are still buying just to ride the next wave because a good PR could still cause a run even though it may not last long. Look at UDTT how everyone called it a dilute machine ran by crooks ready to scam, but today everyone forgot about the crooks as it ran on a half-way good PR. So it can happen with USXP also.
Posted by TopRob on :
Company is in the red (-$18.8M), multiple lawsuits, negative auction profits. I wonder just where did he get money from to give away. --------------------------------
Universal Express, Inc. Gives MLS Tickets to Make-A-Wish Foundation Thursday June 28, 1:17 pm ET
NEW YORK, NY--(MARKET WIRE)--Jun 28, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) announced today it will be donating season tickets for various Major League Soccer (MLS) teams, worth over $18,500.00, to the Make-A-Wish Foundation. The Make-A-Wish Foundation helps provide hope, strength, and joy to children with life-threatening medical conditions. Through this donation, USXP hopes to help make the lives of those children a little more enjoyable by offering these tickets to attend many of the MLS games this season.
Just a few of the teams that the tickets pertain to are the Kansas City Wizards, the D.C. United, the Colorado Rapids, the Houston Dynamo, the CD Chivas, the Columbus Crew, the New England Revolution, the FC Dallas, the Chicago Fire and more. The tickets comprise of all regular season games, located throughout the nation in various venues.
"Although we often are able to touch the lives of children locally in the South Florida area, we hope that these tickets can grant the wishes of children in need across the nation," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
Posted by Hitman on :
Good PR but "Where's The Beef?"
Posted by TopRob on :
More bad news. Possible jail time to RA ---------------------------------------------
SEC Files Motion Vs Universal Express Tuesday July 3, 2:26 pm ET SEC Files Contempt Motion Against Universal Express
WESTMINSTER, Colo. (AP) -- The Securities and Exchange Commission asked a district court judge to order Universal Express Inc. Chief Executive Richard Altomare and counsel Chris Gunderson incarcerated until they obey an April court order barring them from being involved in penny stock sales and ordering them to pay $21.9 million.
The SEC, which made the request last Friday, also wants the two in jail until they account for the sale of almost 21 billion shares in unregistered stock issued so far this year.
Arthur Tifford, a lawyer for the New York-based delivery company, Altomare and Gunderson, was not immediately available to comment Monday.
Universal Express in a press release Monday said the SEC's "unwarranted attacks" are an attempt by the commission to clamp down on the company and others who have complained about so-called naked short selling.
Short sellers typically borrow shares to sell them, hoping that they will be able to replace them with shares bought at a lower price later. Trading without a borrowing agreement is called naked short selling.
It all began almost four years ago, when Universal CEO Altomare started blaming naked short selling for his company's failing finances.
By March 2004, investors learned from the SEC that Universal Express, Altomare and Gunderson had illegally sold some 500 million unregistered shares into the market, using erroneous press releases to support the company's stock price.
Universal Express unsuccessfully argued that it could sell unregistered stock under a bankruptcy code exemption.
Earlier this year, a federal judge in the Southern District of New York sided with the SEC, finding that Universal Express, Altomare and Gunderson violated securities registration and antifraud provisions. The judge enjoined the defendants from further violations and barred Altomare from serving as an officer and director of a public company.
According to the SEC, Universal Express has continued, despite the judge's order, to sell billions of unregistered shares into the market.
But the proverbial gig might soon be up for Universal Express, Altomare and Gunderson.
On Friday, the SEC filed a motion for entry of civil contempt, asking federal judge Gerald Lynch to jail Altomare and Gunderson until they both cease selling unregistered stock. The SEC also asked that Altomare remain incarcerated until he obey the order barring him from acting as a director and officer of a public company.
The commission also requested that the judge fine Altomare $220,000 for his failure to resign as an officer and director, as well as fine Universal Express $2,500 for each day Altomare remains as an officer.
According to the SEC, Altomare instructed Universal Express's transfer agent to issue 15.5 billion shares to third parties after the April 2 court order barring him from doing so. The SEC also said in its court filing that Altomare increased the company's number of shares authorized from 22.9 billion to 41.8 billion. The commission also argued that Gunderson was a necessary participant in the stock offering, preparing instructions and opinion letters submitted to Universal Express' transfer agent.
The commission asked Judge Lynch to set a hearing on its contempt motion, as well as a motion it filed late last month to appoint a receiver for the company.
Posted by cottonjim on :
'bout time!
Posted by Schwabie on :
MUSIC TO MY EARS !
Posted by 10of13 on :
So if this is the case why hasn't the SEC halted or suspended trading?
Posted by tmanfromtexas on :
I am sure 10 they are protecting investors by allowing them to trade. LOL. TMAN...
Posted by 10of13 on :
That MUST be it Tman...LOL
Posted by TopRob on :
If they stopped trading, how in the world would RA raise his bail money and lawer's fee.
Posted by cottonjim on :
quote:Originally posted by TopRob: If they stopped trading, how in the world would RA raise his bail money and lawer's fee.
Sell more of MJ's personal schiznit. Posted by BlindMellonChitlin on :
The weasel might just get what he deserves IMO He has played his 'investors' for suckers for far too long. IMO I won't be surprised if USXP goes out like a popcorn fart.
Posted by dollar13 on :
USXP
THE NEXT "CSHD"
OR WORSE
Posted by T e x on :
quote:Originally posted by 10of13: So if this is the case why hasn't the SEC halted or suspended trading?
maybe cuz it's trading so low, already...
still, a good question that I'd like to hear the SEC's decision-maker answer.
Also, NASD could use *it's* new toy, the penny-halt they whopped on BHUB...
Posted by TopRob on :
quote:Originally posted by dollar13: Shorting was not the problem
I THINK SHORTS ARE THE BIGGEST PROBLEM WITH ALL THIS COMPANIES JMO, HOW CAN YOU SELL AND SELL AND SELL SHARES "FTD" AND THE PPS STILL GOING DOWN?
Now we know how they can sell and sell and the pps goes down without shorting, just keep issuing new shares above your authorized limit. No one would subspect dilution when you are already at the limit.
Posted by dollar13 on :
quote:Originally posted by TopRob:
quote:Originally posted by dollar13: Shorting was not the problem
I THINK SHORTS ARE THE BIGGEST PROBLEM WITH ALL THIS COMPANIES JMO, HOW CAN YOU SELL AND SELL AND SELL SHARES "FTD" AND THE PPS STILL GOING DOWN?
Now we know how they can sell and sell and the pps goes down without shorting, just keep issuing new shares above your authorized limit. No one would subspect dilution when you are already at the limit.
YEP I AGREE , I JUMP THE GUN TOO SOON
LOL
Posted by TopRob on :
R.A. counter attack. That's $750 million billion he's talking about (I don't know how he came up with that figure). ------------------------------------------
Universal Express Applauds Wall Street Journal Article on Naked Short Selling Thursday July 5, 11:55 am ET
NEW YORK, NY--(MARKET WIRE)--Jul 5, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) applauds today's balanced and factual Wall Street Journal article by John R. Emshwiller and Kara Scannell, Blame the 'Stock Vault'? It may begin main stream media's understanding of Universal Express' 10-year attempts to protect the dignity of our trading system without having corporate and personal dignity attacked in the process. http://online.wsj.com/article/SB118359867562957720-search.html?KEYWORDS=naked+sh ort+selling&COLLECTION=wsjie/6month
"Demonizing and railroading the victims should not be the SEC's tactic to solve this obviously real trading problem which exceeds over $2.5 Billion per day! That's conservatively allowing counterfeiting and stealing of more than $750,000,000 Billion a year," said Richard A. Altomare, President and CEO.
"As the SEC continues to focus on attempting to demonize our company and its officers while they obviously remain fearful of a Jury trial, let's consider what our citizens, our soldiers and our government could do with the Billions upon Billions being stolen annually from our economic base," continued Mr. Altomare.
"On this Independence weekend, let us consider that the SEC is wrong on this issue and the companies they have attacked are correct. Isn't that what this weekend is about? Is it fireworks and hotdogs, or is it free speech and not having to fear our government's wrath when we exercise that free speech?" concluded Mr. Altomare.
Posted by oldguy on :
the figure is probably 750 - Billion, which is 300 trading days at a 2.5 Billion per day clip.
Posted by TopRob on :
Vol=1.7B .0001 x .0002
Huge volume today. Big sell off. This is headed for the bag holders club.
Posted by dollar13 on :
WHAT A MESS
LOL.
Posted by kywee on :
Crazy
Posted by oldguy on :
Looks like RA is doing business as usual and is not slowing down because of the threats. Just printed at .0003. I can't wait to see how this all plays out.
Posted by oldguy on :
There was a flurry of activity in the last two minutes. Over 150,000,000 shares traded. One transaction was for 35+ million shares at .0003. That isn't exactly a fortune - over $10,000, but it isn't chump change either. Something is up.
Posted by TopRob on :
Careful, both the 34M and 73M trade contained .0002 and .0003 so how do you know how many shares actually went for .0003.
Posted by TopRob on :
This is an interesting 15m speech by Senator Bennett. Originally posted by Dollar13 in another thread. This thread has the most history. ---------------------------------------
Senator Bennett Speech Supports Universal Express on Naked Short Selling Tuesday July 24, 11:36 am ET
NEW YORK, NY--(MARKET WIRE)--Jul 24, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today simply links Senator Bennett's speech on naked short selling and extracts some quotes from the speech and one from our General Counsel. The speech (find links below) and its content clarifies and vindicates the events of the past ten years and Universal Express' issues with the regulatory agency, the SEC. Senator Bennett NSS Speech:
"The agency (SEC) has no mechanism to enforce the guidelines (of delivering stock purchased in three days)," Senator Bennett.
"He who sells what isn't his'n, must buy it back or go to prison," Senator Bennett.
"It is possible for you to keep shuffling around the electronic impulses (held at the DTCC) that represent the stock and never ever have to buy it back," Senator Bennett.
"So you can have a situation where people are selling shares that don't exist, taking commissions on the sale, and the profits of the sales, and never, ever have to produce the shares," Senator Bennett.
"I have been showed the stock trading of a company that has been out of business for 3 years, and the stock trades regularly every 13 days! The brokers are meeting SEC requirements -- they are delivering but the shares do not exist! The company was driven out of business by the short sellers who made it impossible for them to go to the capital markets," Senator Bennett.
"The words of Senator Bennett and his request for a Banking Commission hearing are the same as our Chairman for ten years. If ever the smoking gun was found, today was that day," said Chris Gunderson, Universal Express General Counsel.
"We have disappointment and anger at the behavior of the SEC and what it has allowed happen to our fine Company. They compounded their injustice by trying to silence and vilify those of us who for ten long years have been forced to play on an uneven field. When will the outrage of shareholders and men of integrity be heard towards an agency that denied this naked short selling existence and have tried to silence the Company responsible for naked short selling's exposure? Is it because the SEC cannot afford for the truth to be heard? America and Americans deserve leaders like Senator Bennett and CEO's like Mr. Richard A. Altomare who do not blink when they know their cause is just. That's the America we can find again. Shame on the SEC for their denial of this issue, and their treatment of the victims.
"We demand today an apology from the agency which has participated and been conflicted by this counterfeiting and abuse of power scheme!" concluded Mr. Gunderson.
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact: Contact:
Mark Falk Universal Express, Inc. 561-367-6177 Email Contact
-------------------------------------------------------------------------------- Source: Universal Express, Inc.
Posted by dollar13 on :
This is an interesting 15m speech by Senator Bennett. Originally posted by Dollar13 in another thread. This thread has the most history. ---------------------------------------
Senator Bennett Speech Supports Universal Express on Naked Short Selling Tuesday July 24, 11:36 am ET
NEW YORK, NY--(MARKET WIRE)--Jul 24, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today simply links Senator Bennett's speech on naked short selling and extracts some quotes from the speech and one from our General Counsel. The speech (find links below) and its content clarifies and vindicates the events of the past ten years and Universal Express' issues with the regulatory agency, the SEC. Senator Bennett NSS Speech:
"The agency (SEC) has no mechanism to enforce the guidelines (of delivering stock purchased in three days)," Senator Bennett.
"He who sells what isn't his'n, must buy it back or go to prison," Senator Bennett.
"It is possible for you to keep shuffling around the electronic impulses (held at the DTCC) that represent the stock and never ever have to buy it back," Senator Bennett.
"So you can have a situation where people are selling shares that don't exist, taking commissions on the sale, and the profits of the sales, and never, ever have to produce the shares," Senator Bennett.
"I have been showed the stock trading of a company that has been out of business for 3 years, and the stock trades regularly every 13 days! The brokers are meeting SEC requirements -- they are delivering but the shares do not exist! The company was driven out of business by the short sellers who made it impossible for them to go to the capital markets," Senator Bennett.
"The words of Senator Bennett and his request for a Banking Commission hearing are the same as our Chairman for ten years. If ever the smoking gun was found, today was that day," said Chris Gunderson, Universal Express General Counsel.
"We have disappointment and anger at the behavior of the SEC and what it has allowed happen to our fine Company. They compounded their injustice by trying to silence and vilify those of us who for ten long years have been forced to play on an uneven field. When will the outrage of shareholders and men of integrity be heard towards an agency that denied this naked short selling existence and have tried to silence the Company responsible for naked short selling's exposure? Is it because the SEC cannot afford for the truth to be heard? America and Americans deserve leaders like Senator Bennett and CEO's like Mr. Richard A. Altomare who do not blink when they know their cause is just. That's the America we can find again. Shame on the SEC for their denial of this issue, and their treatment of the victims.
"We demand today an apology from the agency which has participated and been conflicted by this counterfeiting and abuse of power scheme!" concluded Mr. Gunderson.
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact: Contact:
Mark Falk Universal Express, Inc. 561-367-6177 Email Contact
-------------------------------------------------------------------------------- Source: Universal Express, Inc.
RIGHT ON TOP
NICE TO HEAR A WORD FROM THE SENATOR DON'T YA THINK Posted by TopRob on :
If he can get the ball moving on Naked Shorting, and they actually implement rules to stop it, that will change the whole map of Penny Stocks. They will become more reliable and attractive.
Next they should go after the scam CEO's that dilute and R/S over and over again.
Posted by dollar13 on :
quote:Originally posted by TopRob: If he can get the ball moving on Necket Shorting, and they actually implement rules to stop it, that will change the whole map of Penny Stocks. They will become more reliable and attractive.
Next they should go after the scam CEO's that dilute and R/S over and over again.
I AGREE FOR EXAMPLE "RAVI" R/S SO MANY TIMES LOL, AND THE SEC JUST TURN THEIR BACK TO IT LIKE { NOTHING HAPPEND }
Posted by dollar13 on :
I AM THINKING ABOUT BUILDING A *COMPANY* AND R/S THE HECK OUT OF IT {EASY MONEY} I DON'T HAVE TO WORRY ABOUT THE SEC
LOL
Posted by TopRob on :
Why wast money building a fake company to dilute and R/S when you can naked short for free.
Posted by dollar13 on :
If he can get the ball moving on Necket Shorting, and they actually implement rules to stop it, that will change the whole map of Penny Stocks. They will become more reliable and attractive.
.0003 seem to be a good point to get back in to this POS. It just might run again.
Posted by TopRob on :
Huge 100M trade at .0002. I don't think RA is still diluting so probably someone just dumped a ton. If that was a short sale, then this thing is going to run one day. If RA is still diluting, then he has really lost his mind.
Posted by dollar13 on :
Universal Express' General Counsel Charges SEC With Permitting the Destruction of Over 5,000 Public Companies Friday July 27, 10:02 am ET
NEW YORK, NY--(MARKET WIRE)--Jul 27, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) General Counsel, Chris Gunderson, charged the SEC today with permitting the destruction by naked shorters of 5,000 to 7,500 small public companies over the last 10 years. He intends, if requested, to testify before the Senate Banking Committee.
"The SEC has permitted the destruction of thousands of small public companies by failing to regulate naked shorting and by protecting stock counterfeiters. The now admitted naked shorting scandal, involving the sale of trillions of counterfeit and phantom shares into the market in the names of those companies, resulting in the destruction of their share prices, forcing them out of business and devastating the investments of millions of small investors, while eliminating the jobs of tens of thousands of their employees, continues today," stated Mr. Gunderson.
"The SEC has permitted the ongoing destruction of American small public businesses, without conscience. The primary source of economic expansion and job growth for our economy is that of developing public companies," continued Mr. Gunderson.
"Universal Express' $700,000,000 naked shorting judgment obviously upset and embarrassed the SEC. Since that judgment, the standard SEC operating procedure of vilifying the victim, intimidating partners and attempting to silence the whistleblower has been in force against Universal Express. Nevertheless the SEC has failed to deliver the protection to investors and developing companies attacked by this counterfeiting scandal. I applaud Senator Bennett's courageous position on naked short selling as he presented it this week," concluded Mr. Gunderson.
"Mr. Gunderson's frustration at the SEC and the naked shorting scandal, as well as his bringing these serious abuse of power problems to the main stream media is admirable. Losing billions of dollars daily in the interest of unscrupulous brokers and other dishonest interests is reprehensible. Let's count on our Senators to support Senator Bennett and act on this scandal as Universal Express awaits a jury trial to do the same," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact: Contact: Chris Gunderson Universal Express, Inc. 917-639-4157 Email Contact
-------------------------------------------------------------------------------- Source: Universal Express, Inc.
Posted by kermit42 on :
While I don't believe for a second that USXP's problem is illegal shorts (21 billion float is keeping this down), I wish him all the luck with his crusade.
If he manages to turn a spotlight on this scandal, he will have done investors everywhere a great service.
Posted by dollar13 on :
PERHAPS "RA" IS A RETARDER AND HE DOESN'T KNOW WHAT COULD BE THE CONSEQUENCE OF PR'S LIKE THIS
EH.
I WISH HIM LUCK TOO
Posted by TopRob on :
I think they should band all short selling completely. Wheather Naked Short or legal short, it still hurts the share price and steal from investors.
Posted by dollar13 on :
NOBODY LIKES TO TALK ABOUT THAT ISSUE "TOP"
Posted by triovestor on :
I suspect there have always people shorting this stock .
One of the most heavily watched stocks I have ever seen .
Posted by Hitman on :
Got a buy for 1000000 at .0001 will flip at .0002 A Return of $80+- Easy Pick here!!!!!
Posted by PCola77 on :
You bought, or are trying to buy?
Posted by Hitman on :
Trying to buy... Not a safe buy at .0002 but it is good for one flip if I get to buy today at .0001 If I dont get filled 2day I may not buy 2moro. The down trend may be too strong, so it depends on how it looks 2moro
Posted by PCola77 on :
OKay, I figured, since I didn't see any trades go off at .0001, but it sounded like you mean tyou had already bought.
Posted by TopRob on :
Shouldn't Richard A. be in jail by now and the SEC running USXP? I don't think the SEC can touch slick RA. He's got too many moves up his sleeves to go down that easy, so I think there will be more PR's coming and there's a good chance for another run on this stock.
Posted by T e x on :
quote:Originally posted by TopRob: Shouldn't Richard A. be in jail by now and the SEC running USXP? I don't think the SEC can touch slick RA. He's got too many moves up his sleeves to go down that easy, so I think there will be more PR's coming and there's a good chance for another run on this stock.
lol, apparently he's threatening "a corporate Waco"...
Altomare said he is fighting the ruling of federal Judge Gerald Lynch of the Southern District of New York and has filed a notice of appeal. In the meantime, he is still running the company.
''If they wanted to come and seize control of this company they're going to watch another Waco," he said in an interview at the penny-stock company he has run for 13 years. "They're going to have a corporate Waco. Let them come in.''
....
Altomare, a natural-born showman, has a flair for the dramatic. He also has a broad entrepreneurial spirit that has resulted in interests in more businesses than there are acts in a circus. Divisions of his company do everything from moving freight to selling Michael Jackson memorabilia at auction.
But make no mistake about the securities fraud charges against him: The SEC is wrong. "This is an agency that has gone bad," he said.
The SEC declined to comment on Altomare's case.
Posted by TopRob on :
Some good news on the auction items. ------------------------------------------
Universal Express Receives Return of Its Jackson Property Tuesday July 31, 3:24 pm ET
NEW YORK, NY--(MARKET WIRE)--Jul 31, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) -- At a hearing in a New Jersey court, Universal Express received a court order to have all of its unsold property in the Jackson Memorabilia collection returned to them from Nevada attorneys, and a New York warehouse.
"It's unfortunate that this auctioneer required a court order and much effort to have our property returned to us. Our next step will be the return of monies collected, damages and an investigation into our auctioneer's business practices during and after the auction," said Richard Altomare, Chairman and CEO of Universal Express, Inc.
"As we re-group our collection, and plan future musical endeavors with that collection, the first unexpected obstacle appears to be behind us. During the past few months the behavior of our auctioneer has created multiple issues and it will be dealt with appropriately," concluded Mr. Altomare.
Posted by BlindMellonChitlin on :
Auctions similar to tricky dick's are done fairly often but only his has a crooked auctioneer.....go figure. I guess similar types attract.
Posted by IMAKEMONEY on :
mouse,LOL
Posted by BlindMellonChitlin on :
Also....where are the blimps and the bus-trucks?
Posted by TopRob on :
Only one MM at .0003 on Ask. Going to .0004 today.
Posted by stocktrader2006 on :
POS!!!!!!!!!!!!!
GET OUT NOW WHILE YOU STILL CAN!
Posted by TopRob on :
One basher, can we get two more. Why should you care if anyone gets out or stays. In order to sell, there must be a buyer. So how are you saving someone that sells and not the one that buys. Unless, I guess the buyer would be you.
Hold Position, this baby hit .0004 today and looks like it's going to run very soon.
Posted by dollar13 on :
quote:Originally posted by TopRob: One basher, can we get two more. Why should you care if anyone gets out or stays. In order to sell, there must be a buyer. So how are you saving someone that sells and not the one that buys. Unless, I guess the buyer would be you.
Hold Position, this baby hit .0004 today and looks like it's going to run very soon.
HE'S JUST ANOTHER SUBLIMINAL BASHER HE WAS HIBERNATE
IMO
LOL
Posted by TopRob on :
If they ever decide to separate luggage from flights, USXP will be in a position to corner this market. Strong volume today (243.8M) --------------------------------------
The Coalition for Luggage Security Reports on a Now Jumbo-Jet Sized Problem Monday August 6, 1:20 pm ET
NEW YORK, NY--(MARKET WIRE)--Aug 6, 2007 -- The Coalition for Luggage Security today commented on the mounting problems for British Airways. Friday, Aug. 3rd, 2007, British Airways Chief Executive, Willie Walsh, confirmed that it is operating luggage only flights from London to New York. The company was forced to begin luggage only flights as a result of the backlog of around 22,000 pieces of luggage that never made it on the correct flight. http://www.timesonline.co.uk/tol/news/uk/article2204065.ece
"I think this is a clear case demonstrating the massive inefficiencies of the commercial aviation luggage transportation system. If 22,000 lost suitcases are not enough to spur investigation into alternate means of luggage transportation, what will?" asked Josh Holm, Director of The Coalition for Luggage Security.
"When will our 'sensible-thought' lights begin to go on as they pertain to luggage? Separating luggage from passengers before flights has been our credo for almost a decade now. Travelers are getting the message, but when will airport security personnel, airlines, and governments get it? Will it take an explosion over this ridiculous and horrific luggage problem to eliminate this less than enlightened solution to an ongoing and worsening problem?" questioned Richard A. Altomare, President and Founder of The Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTC BB:USXP.OB - News).
The Coalition for Luggage Security urges Government officials, domestic and abroad, and the airline industry, domestic and abroad, to evaluate their current system's short-comings. Passenger luggage should not be shipped on passenger flights and we propose passengers be given an affordable choice to ship their bags in advance of their trip to reach their destination before they arrive. This action would dramatically reduce the number of bags on airplanes and in airports. A decline in passenger baggage reduces the amount of luggage being lost, and reduces the chances for security breaches. Managing security and passenger comforts become easier when baggage is taken out of airports and out the hands of travelers
Universal Express to Submit Appellate Papers in Its Naked Short Selling Case Wednesday August 8, 7:30 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 8, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) has, as expected, been required to submit its appeal arguments to the United States Court of Appeals in its ongoing SEC case, including Universal Express' justifiable request for a jury trial.
"Recent rulings simply decided to allow our appeal to go forward as expected. The lower court determined that our request for a jury trial was 'moot' pending our appeal papers going before the Court of Appeals. We respectfully disagree with the lower court's interpretation of our bankruptcy code immunity, the ignoring of naked short selling and disregard for the SEC's abuse of power to silence us on the naked shorting scandal," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"Our initial request for a jury trial will be presented to the appellate court.
"Nothing has changed our position on naked short selling and recent rulings ignored our constitutionally sound defense and our existing $700,000,000 naked short selling judgments.
"It is important to note that upon the granting of a jury trial all decisions also become 'moot'. That's why a jury trial is so important in this case.
"It is unfortunate that landmark cases are not decided at lower levels, but we remain confident of our position on naked short selling and a reversal on this matter of national importance," continued Mr. Altomare.
"It continues to astound me that the original defendant (SEC) has attempted to shift their role in naked short selling to their violation of our corporate rights. Their customary tactics are ones of demonizing the victims while the SEC permits the daily issuances of billions of counterfeit shares as they disregard their responsibilities to the general public.
"There is only one pertinent question that responsible citizens and sophisticated business people should examine. Should the defendant be permitted to disregard their role in our $700,000,000 existing judgments while they attempt to silence or damage the plaintiff whistleblower?
"Men of integrity may differ on matters of law and fact. Such is this case, which will take many twists and turn before our American trading system and the rightful role of the Security and Exchange Commission are redefined and corrected with the help of the spark of resistance by this resilient and righteous Company. Americans should never fear their governmental agencies, and all Americans deserve jury trials," concluded Mr. Altomare.
Posted by TopRob on :
The Coalition for Luggage Security Comments on Airline Charging for All Luggage Thursday August 9, 10:29 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 9, 2007 -- The Coalition for Luggage Security commented on Easyjet, a UK-based airline, announcing that it will charge all passengers for checking their luggage. In an effort to keep pace with its rival Ryanair, Easyjet has adapted and is now charging a small fee for all checked bags, whereas they originally only charged for the second bag. An Easyjet spokesperson said, "It's about getting people to pack smarter, travel lighter and travel cheaper." http://news.bbc.co.uk/2/hi/business/6930067.stm
"We commend Easyjet and Ryanair on their decision to begin charging passengers for luggage check-in. Albeit a small step, it is a step in the right direction to rid our airports of unnecessary luggage," said Josh Holm, Director of The Coalition for Luggage Security
"The implications of the decisions made by both of these companies show that they have recognized that there is in fact a problem and they are willing to address it by stepping out of the norm into untested waters. We are pleased to see that at least these two companies have made an attempt at a solution that does not involve new baggage scanners and more personnel. We are looking forward to Airlines in the United States learning from the examples of these two British Airlines and creating a global difference in the way people travel," said Richard A. Altomare President and Founder of the Coalition for Luggage Security, and CEO of Universal Express, Inc. (OTC BB:USXP.OB - News).
The Coalition for Luggage Security urges Government officials and the airline industry to discuss alternate means of baggage delivery. Passenger luggage should not be shipped on passenger flights and we propose passengers be given a choice to ship their bags in advance of their trip to reach their destination before they arrive and have a separate line for luggage free travelers to gain access to the airport terminals. This action would vastly reduce the number of bags on airplanes and in airports. A decline in passenger baggage reduces the amount of luggage being lost and personnel needed to screen the bags.
The Coalition for Luggage Security was established to ensure the safety of travelers through alternate means of luggage transportation. The Coalition consists of prominent businesspersons and companies that educate the public, Congress and the Administration on the importance of solving the luggage and cargo safety issues that exist in airlines and airports.
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Posted by TopRob on :
Universal Express' MadPackers Reports Updates Friday August 10, 2:12 pm ET
NEW YORK, NY--(MARKET WIRE)--Aug 10, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) -- "Universal Express' subsidiary MadPackers, through various and creative marketing and advertising initiatives, continues on its path to becoming a household college brand with students and parents," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"From its humble beginning last year, MadPackers now services students from over 100 colleges, has increased sales over 1600% from last years initial sales, and plans for additional schools and additional growth. As we adapt and adjust to the uniqueness of each University's needs, we continue our penetration into creating a trusted and secure national college shipping, storage and future college services company from coast to coast," stated Eric Veleker, MadPackers' Director of Business Development.
"I'm not sure if it has been our regular 800,000 student direct mailer, our college tours, our advertising, our extraordinary word of mouth referrals or our strategic retail partners; but our initial receptivity by Universities has been encouraging," said Dave Thompson, MadPackers' Operations Manager.
"Our market of 17,000,000 college students and even more high school seniors have generated responsive results to our website (www.madpackers.com), and our other creative avenues of exposure," said Brian Altomare, MadPackers' President.
"Although a seasonal business in our initial years, we are adapting to the long term creating of other college student businesses. Our initial emphasis at this time, however, will remain in shipping and storage," concluded Brian Altomare.
Posted by triovestor on :
This thing can not be bought at .0002 . I'v been trying for weeks .
So I will have to re due-orders to buy at .0003 . Got to get my stand by shares before shorties have to cover .
Posted by TopRob on :
Good news --------------------------
Universal Express Announces Luggage Express Results Monday August 13, 10:18 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 13, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) -- "Universal Express' subsidiary Luggage Express Found announced its un-audited comparisons from June quarters 2006 and June 2007. Luggage Express Found 3-month numbers improved 100% from $435,492 to $891,478. Our Luggage Express door to door service has increased 80% in shipped suitcases from last years numbers," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"Our growth continues in both subsidiaries and as more strategic partners and more airlines join our network, future progress is anticipated," said Mr. Altomare.
"Universal Express continues to grow. Divisions such as Luggage Express and Luggage Express Found are prime examples of not only growth, but growth in an industry changing the way people travel. We anticipate other divisions such as MadPackers and LEAP (Luggage Express Associate Program) to continue their growth as well. LEAP, our newly formed franchise opportunities that is now being licensed and registered throughout the United States, will help develop and help increase Luggage Express' exposure and make traveling with luggage a thing of the past," concluded Mr. Altomare.
Posted by TopRob on :
Huge volume today. Already 282M, but mostly at the Bid. Could be dilution or big time dumping.
Posted by TopRob on :
Universal Express Announces Grandfather Clause Removal Tuesday August 14, 2:17 pm ET
NEW YORK, NY--(MARKET WIRE)--Aug 14, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) announced today that through the efforts of many concerned public companies and investors, the long awaited removal of the hastily created and illegally announced REG SHO "Grandfather Clause" has today been officially posted in the Federal Register for removal. http://a257.g.akamaitech.net/7/257/2422/01jan20071800/edocket.access.gpo.gov/200 7/E7-15708.htm
"Although the SEC was prevented by public pressure from continuing its illegal exemption intended to forgive decades of counterfeit public company stock trading, we men of integrity are elated at this return to an equitable trading system with vigorous enforcement," said Richard Altomare, Chairman and CEO of Universal Express, Inc.
"On October 15th, all 'naked short' positions in public companies must be covered. If the SEC intends to enforce this action those companies' stock valuation should improve and return to normal levels," continued Mr. Altomare.
"Let's now see if the SEC acts to enforce this new rule, and inform our elected officials if this law is not enforced. This will hopefully satisfy our long awaited desire for those who were empowered to regulate fairly, to finally do so, and to regulate actual certificates and not counterfeit ones," concluded Mr. Altomare.
Posted by chipmultiplier on :
Looks like someone made a decimal point error: Day's high was $.0015!
Posted by TopRob on :
Universal Express CEO Richard Altomare Interviewed by MoneyTV Friday August 17, 10:35 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 17, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) today announced its CEO, Richard A. Altomare, provided in-depth information on a range of current topics during an interview with MoneyTV. ADVERTISEMENT
Mr. Altomare's interview includes various topics concerning the company and status of ongoing announcements.
----------------------------------------------- It appears that moneytv has a new format and it don't allow you to fast forward, so you have to watch the whole video. Not good since USXP is second (12 minutes in).
[ August 17, 2007, 16:34: Message edited by: TopRob ]
Posted by TopRob on :
The Coalition for Luggage Security Reports on $420 Billion Risk of Airport Terror Attack Wednesday August 22, 1:19 pm ET
NEW YORK, NY--(MARKET WIRE)--Aug 22, 2007 -- The Coalition for Luggage Security today reported on the economic impact of another terrorist attack on the United States. Scientific Journal "Risk Analysis" says that if another attack were to happen on the U.S. it could cause up to $420 Billion in damages. This report is based on an attack that would shut down the entire aviation system. http://biz.yahoo.com/bw/070821/20070821005113.html?.v=1
"The economic ramifications of another terrorist attack might likely cause irreparable damage to our already sluggish economy and a crushing blow to a struggling aviation industry. We need to find a better solution to our airport security flaws before rather than after an incident," said Josh Holm, Director of The Coalition For Luggage Security.
"Let's simply remember that baggage in an airport ticket line is an open invitation to such an incident. One unchecked bag on a plane could cause the same 420 billion dollar liability. Is our present luggage delivery system so efficient that Americans won't examine a new method? If there were no bags in the airport the efforts of thousands of TSA officers could be redirected to passenger screening, checkpoint security, and even border detection," said Richard A. Altomare, President and Founder of the Coalition for Luggage Security and CEO of Universal Express, Inc. (OTC BB:USXP.OB - News).
The Coalition for Luggage Security has been urging Government officials and the airline industry to discuss alternate means of baggage delivery to eliminate threats that result from the presence of luggage in airports and on passenger flights. Passenger luggage should not be shipped on passenger flights, and we propose passengers should be given a choice to ship their bags by services in the private sector in advance of their trip to reach their destination before they arrive. This action would dramatically reduce the number of bags on airplanes and in airports. A decline in passenger baggage reduces the prospect of infiltration of terrorist devices in airports or onboard airplanes.
You will have to admit, Richard is one funny guy, I mean this guy can and does say some great stuff...to get the masses fired up.
Press Release Source: Coalition for Luggage Security
The Coalition for Luggage Security President and Founder Supports Congressman Filner Thursday August 23, 12:55 pm ET
NEW YORK, NY--(MARKET WIRE)--Aug 23, 2007 -- The Coalition for Luggage Security today supported Congressman Filner's position during an altercation he recently had at Dulles International Airport with a baggage claim worker when his luggage was misplaced. For the full story, go to http://www.foxnews.com/story/0,2933,293834,00.html. "Congressman Filner had finally had enough of the broken luggage system in America, and he did what thousands of travelers want to do -- he spoke up and refused to be treated like a child by an unconcerned, uninformed, and perceived all-powerful airline employee," said Richard A. Altomare, President and Founder of the Coalition for Luggage Security and CEO of Universal Express, Inc. (OTC BB:USXP.OB - News).
ADVERTISEMENT
"The 64-year-old Congressman, who was on his way to visit troops in Iraq, obviously remembered when airports were less restrictive and terrorist fears weren't supposed to be transferred to uniformed security personnel. His behavior is one of a frustrated leader and is understandable under the circumstances. He should not be legally reprimanded for the incompetence and arrogance of specific luggage workers in that airport.
"In a politically correct world, many may criticize the good Congressman for not refusing to step away when improperly ordered to do so by the same airline which lost his luggage in the first place. Violation of rights goes both ways and most travelers are exactly at that stage of frustration as they wait in lines, have their luggage lost regularly (57 every minute), and are having their right of free speech eliminated by our governmentally created, over-reactive fear, of terrorists in airports today.
"Bravo for Congressman Filner's remembrance of what it means to be a proactive American. Expect more and then improve upon it. That's why our Coalition and its 40 members support and understand his act of frustration on the part of every abused traveler who is without his political position.
"The Coalition does not necessarily condone walking into secured areas, or putting their hands on someone, but we do understand the frustration of travelers, particularly frequent travelers who are constantly manhandled, verbally abused by security and other workers, and who have their important items lost or misplaced. The system needs to change or unfortunately, the current system will see more and more of these types of situations, that quite frankly, it provokes," concluded Mr. Altomare.
Posted by triovestor on :
He is good .
Yes ... And thats why I must always make sure to have shares of this one . When you least expect it ... BOOM !
Boom Boom Booooom . Stock price up . He is like a mystical magical stock price wizard ..... He has taken the stock price from flaming lows to skyrocketing highs several times so far in the years I have been watching it . I think there is a more than good chance his amazing turn around magic will accur again . There is no one else like this guy . In the past he took this stock { with huge bashing and negatives on all boards } from less than it is worth now ... to being worth more than 44 thousand dollars for each million shares .
I SAW IT HAPPEN ..... I was in it then and ever since . And several over unthinkable and unexpected runs have happened to it .
I said this before ...... This is one of the most watched and talked about penny stalks I have ever seen . Posted by TopRob on :
I believe it will run again also. It just need a kick start to get things going. I think the Jackson auction was a big set back and scared away a few, but they might come back if Richard can continue to hold things together and get the SEC off his back. A share buyback would also help.
Posted by stocktrader2006 on :
what a friggin joke!!!!!!!!!!!!!!!!!!!
Posted by T e x on :
"penny stalks"
Posted by ScottSA on :
Ah believe....ah believe!!! Lordy...ah believe!!!
Actually, if the o/s wasn't in the mega billions, the charts look not bad on this.
Posted by triovestor on :
You have a lot to learn .
Posted by ScottSA on :
Do tell. I'm almost embarrassed for you, seeing as how you have yet to make even one winning pick.
Posted by triovestor on :
Really .
Search the Juni thread . You will see I bought it . Price then was .004 & .0045 when I bought . Sold in last three weeks for .0008 . Then I bought more at .0025 & sold at .003 . And then I just bought at .0012 & sold at .0025 this week .
I'm still selling USXP I bought at .0002 . Sold most at .0003 and selling others at .0004 which should go thru any day .
Then theres DCBI which I bought when it went down to .06 cents a share . I sold at .14 cents , .16.5 cents and at .21 cents . Now I am buying more as it it under priced again .
Your beginning to sound weird . I state the facts . I made money on PAIM too .Right after the buy back . I kept calling my broker to slam my orders in when trading restarted . It went up I cashed out . Have no paim at this time and may stay way from it untill next year when I expect they will do another mandatory buyback .
Posted by TopRob on :
Universal Express CEO Richard Altomare Announces Upcoming Interview With Wallst.net Tuesday August 28, 10:28 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 28, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today announced its CEO, Richard A. Altomare, will be featured in an exclusive interview by Wallst.net (www.wallst.net) on Thursday, August 30, 2007 at 10:30pm EDT. The interview will be conducted by Wallst.net Senior Reporter, Mike Chiavetta. This interview will be posted at www.wallst.net, on Friday, August 31st at 8pm EDT.
Mr. Altomare's interview includes various topics concerning the company and status of ongoing announcements.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com Posted by tmanfromtexas on :
So Trio, YOU are saying this is a good stock but selling the whole time. What does this say to the masses. hhmmmmmm... TMAN...
Posted by cottonjim on :
quote:Originally posted by T e x: "penny stalks"
Yep, takes a court order to get 'em to go away Posted by triovestor on :
Pay attention .
I don't refer do it as a good stock . I describe it as a circus stock . If you want a good stock by coke .
This is one of the most all time talked about pennies I have ever seen . Alwys made some money on this one .
Posted by TopRob on :
Go Richard, don't let'em kick you around, hit in the pocket book where it hurts. -------------------------------------- Universal Express Sues Florida Landlord for Damages Over $1,400,000 Wednesday August 29, 10:19 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 29, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today filed a lawsuit against one of its Florida landlords for loss of basic services, overcharging of maintenance expenses, damage to its corporate signage, loss of the sign's advertising benefits, believed overcharging of rentable square footage and failure to perform landlord responsibilities under the lease.
"This lawsuit is a direct result to an improperly written news article and hastily filed and then withdrawn landlord lawsuit. Our company, which has been regularly inconvenienced during the past year of landlord construction, had not missed its monthly rents for over 6 years of our lease. That one day landlord lawsuit was mean spirited and untruthful, but it was an attempt to ingratiate the landlord with interfering and meddling SEC agents," stated Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"The SEC overstepped once again its role by attempting to interfere with the Company's business activities, as it has many times in the past. The Company's whistle blower posture on the national scandal of naked shorting seems to be causing the SEC undo concern," stated Mr. Chris Gunderson, Universal Express General Counsel.
"Universal Express is involved in a historical Naked Short Selling constitutional legal issue against the SEC. Any further SEC corporate interference will be met rigorously and presented to the appellate court, as well as the United States Court of Claims," concluded Mr. Gunderson.
"Universal Express has not interfered in the hasty departures, early retirements and denials of the naked shorting scandal by SEC employees during our courageous stand against the SEC. The SEC has repeatedly attempted to interfere with acquisitions and the day to day operation of our Company. This recent tortuous interference with our landlord speaks volumes regarding the SEC's concerns at our obtaining our constitutionally guaranteed jury trial on naked shorting. Our immediate corporate efforts will concentrate on confronting the SEC's claims against our Company which are a smokescreen to the real issues of this case. We remain confident that an objective appellate court will allow the issue of naked short selling and the SEC's unchecked abuse of power to be tried by a Jury of American Citizens," concluded Mr. Altomare.
About Universal Express
Universal Express, Inc. is a 23-year-old logistics and transportation conglomerate with multiple developing subsidiaries and services. For additional information please visit www.usxp.com
Safe Harbor Statement under the Private securities Litigation Reform Act of 1995: The statements contained herein, which are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements including, but not limited to, certain delays beyond the Company's control with respect to market acceptance of new technologies, products and services, delays in testing and evaluation of products and services, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
Contact: Contact:
Mark Falk Universal Express, Inc. 561-367-6177 Email Contact
Posted by PCola77 on :
This dude is flat out nuts.
Posted by triovestor on :
But oh what he can do to this stock .
Barnum & baily has nothing on this circus . And was it not the SEC that actually said naked shorting does not exist . LOL .... Bozos beyond words .
I called the SEC many times . They are retarded when it comes to stocks . To this day they refuse to do ANYTHING about " Raven Ripoff Moon " other then tell me ..... Yeah ... thats pretty bad what they do .
The SEC chose to have conversations with the landlord of USXP that seem obvious in nature .... Now the SEC has to deal with a senator from congress on SEC's stupid as hell statement of " naked shorts don't exist " .
The SEC is so angry , fustrated and pissed off at USXP and RA that they are making to many mistakes to get them .
Posted by TopRob on :
Universal Express Comments on SEC Chief Economist Removal Thursday August 30, 11:05 am ET
NEW YORK, NY--(MARKET WIRE)--Aug 30, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today commented on the "most recent" resignation or unplanned early retirement of yet another of the 6 SEC Senior Managers and Official members recently ordered off or retired from the Security and Exchange Executive Board.
"Obviously, someone has finally begun examining and acknowledging the naked short selling scandal. The SEC tactics and methods used to perpetuate this counterfeiting fraud are at the core of our abuse of power case to be submitted to the Appellate Court," stated Chris Gunderson, Universal Express General Counsel.
"Chester Spatt, the SEC Chief Economist and today's departee, had been responsible for a series of flawed studies justifying naked shorting in the public markets. His reports were allegedly deemed incompetent and filled with fundamental flaws since they lacked control groups. That means they didn't include companies publicly traded which were not permitted to be nakedly shorted," continued Mr. Gunderson.
"It's unfortunate that we couldn't have used the over 10,000 failed Bulletin Board companies and their hundreds of thousands of unemployed Americans and shareholders to serve as paid control groups. Their hungry families could have used a small percentage of the fees and fines previously earned by the SEC and the DTCC as they have allowed the counterfeiting of shares and then hid behind the economic opinions of today's removed economist. A regulatory agency that has failed to support that many companies needs more resignations, more overhaul, and more Congressional examination," stated Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"Universal Express continues to clearly present the critical issues facing the American trading system. Each one of these appointed and now removed SEC Board Members and Advisors will become solving pieces of the naked short selling puzzle. This economic scandal perpetuated on the trading public needs to be exposed and understood. Our company's soon to be mandated jury trial will crystallize the situation that the SEC has now attempted through these dismissals to either correct or cover up," stated Mr. Gunderson.
"Multiple resignations compiled with alleged ongoing Justice Department inquiries should add some very interesting testimony when our $700,000,000 USD existing judgments for naked short selling finally goes before a jury of American citizens," concluded Mr. Gunderson.
"In conclusion, I attach a chronological document recently submitted by our General Counsel highlighting our Company's tragic nine year abuse perpetuated by many of those SEC members asked to step down. Hopefully, our journey will be recognized exactly for what it has become -- a courageous one. We don't want to become Company 10,001. Company 10,001 refuses to cease functioning so that our short position does not have to be covered. Company 10,001 refuses to disappoint its shareholders and employees, and most importantly Company 10,001 has developed creative ideas and new industries which are needed in America."
"Read Mr. Gunderson's chronological history of our company's story and many may wonder why anyone remains on that regulatory board," concluded Mr. Altomare (http://www.usxp.com/recitation_of_facts.pdf).
Posted by stocktrader2006 on :
Universal Express to File Stay in Appellate Court Tuesday September 4, 1:54 pm ET
NEW YORK, NY--(MARKET WIRE)--Sep 4, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) Chairman and CEO, Richard A. Altomare, today said, "Universal Express' case against the SEC last Friday took another historic and remarkable twist. The same Judge who disregarded the Company's request for an initial jury trial to present the facts of this case, today decided, in direct contrast to the judicial rules that he would now even attempt to prevent the Company's Appellate review."
"I remain confident that I live in a country with a judicial system that permits its citizenry, especially those of us who have served in its armed forces, to be permitted to plead the merits of any legal issue before a jury of our peers," stated Mr. Altomare.
"This ramrodded legal debacle has simply been of a regulatory agency over-reacting to a civil interpretation of the bankruptcy code to silence a company which was awarded $700,000,000 for naked short selling. Attempting to silence the truth is quite different than trying to get to the bottom of that truth.
"Is the Judge concerned that Appellate Judges will overturn his summary pro-SEC ruling? Why is the Judge unnecessarily anxious to silence this Company? Has the Judge ever met anyone from this 23-year-old Company? Does the Court even understand the Company's businesses?
"Universal Express will file a stay in the Appellate Court, and will hold the actions of the Court responsible for any adverse reactions.
"The entire basis of this retaliatory case brought by the SEC was to silence the Company's historical Naked Short Selling constitutional legal issue, a documented cover-up by the SEC that has already destroyed over 10,000 small public companies.
"The unfortunate and capricious actions of the Judge indicate an almost 'movie-quality' need to silence the truth in this case. The actual legal merits of this case do not necessitate this draconian action. It will be the responsibility of a full hearing, not one misinformed appointee, to determine the future of our 23-year-old Company. Can therefore any American business be silenced without a requested hearing simply because that business may be entitled to governmental damages?
"Realistically how can an American businessman's first day in Court be the day he is ordered in for contempt? I'm sure there's the testimony day, the cross-examination day and the decision day. Obviously, Judge Lynch believes that might makes right, while this former Marine and founder of this Company still believes in 'due process' and democratic justice," stated Mr. Altomare
"A full judicial hearing will also be requested for the inappropriate actions of this Court," concluded Mr. Altomare.
Posted by triovestor on :
The SEC are the biggest bunch of rat faced bozos that ever claimed to help the small investor . They make me sick .
They have nothing to say about Raven moon or similiar companies but decide to get controversially agressive and personal with RA & USXP to the point where their "foot in the mouth" statements and mess-ups are allowing USXP to file multi-directional lawsuits and bring congressional oversight of the SEC by the government . We already see a pissed off senator about what the SEC is doing and now we can anticapate an all out legal battle over how much muscle the SEC actually has .
It's almost as if the SEC is laughing but shaking in their boots at the same time . What a bunch of idiots .
Getting personally involed with RA to the point where they have back door meetings with his landlord . Throwing out a statement across the internet that naked shorts don't exsist . Trying to break down the company before it can have it's day in court . Probably because their day in court will show the SEC is over egoed and under thought out in their effort against USXP { which really seems to be SEC in an all out slug fest against RA } .
The SEC is a complete and remarkable misfit of a organazation that was designed to help no one but them selves .
I swear it looks more and more like certain people were right all along .... And this stock could possibly see one heck of a run . If the SEC continues in their " go no where actions " they will certainly be on the lessor side of a court battle here .
In this picture the SEC has painted them selves as the evil giants angainst the wounded { but not out } underdogs .
I said this before .... USXP is one of the most watched and talked about penny stalks I have ever seen . And look at the price . Company has been hit with EVERYTHING except the kitchen sink . And it won't go down .
My .0002 shares sold this week for .0004 . And I have more free shares now .
There are many people that don't understand the third rule of penny stocks . Their called bashers .
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Oooh ! scary .. better sell ... Give me your shares . ![[Big Grin]](biggrin.gif)
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+ I usually only get on at home after a few (the wife don't want me in bed at that point anyways *if you know what I mean* shes tired at this time of the night.
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