-------------------- Don't think that you are the smartest and show respect to others. Posts: 7 | From: Jeddah, Saudi Arabia | Registered: Mar 2006
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posted
Key, YES it is true... And believe me when Saudis invest in something they know well where to put their money
Also, the investment is not only from Saudi its from very well known 'wealthy' people from UAE "United Arab of Emirets"...
-------------------- Don't think that you are the smartest and show respect to others. Posts: 7 | From: Jeddah, Saudi Arabia | Registered: Mar 2006
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posted
Didn't give you a chance to make fun of that
-------------------- Don't think that you are the smartest and show respect to others. Posts: 7 | From: Jeddah, Saudi Arabia | Registered: Mar 2006
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posted
lol, key, please make it for bigger offenses, otherwise I won't live long, especially with negative dk
Posts: 889 | From: Corona, CA | Registered: Mar 2006
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"This stock reminds me of a cast iron turd that is creeping out of my constipated anus, while my face is beat red and sweat is pouring out of the pores of my beat red face like a geyser.
Posts: 2554 | Registered: Nov 2005
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posted
This is good insight, also what Saudi stated. MACD is just crossing to downtrend. Will lower more likely than not before heading back up.
quote:Originally posted by jb247: I would like to address some of the points and comments made in this thread regarding the Dubai/AirNet deal, the Dubai port deal, the Florida Oil & Gas purchase, the PodCast Interview, "The Coalition for Luggage Security", Saudi investments and the lack of recent PRs...
First let me say that I am NOT a USXP BASHER... I own the stock (and just bought more today on the dip). I believe we will see .03 to .04 by the mid/end of next week, and MUCH higher in the future weeks and months. I also believe we will see a REAL PR by Friday/Monday.
Many people have read a little about USXP, but they really don't know much about them.
The business plan for this company is very good, and the concept for "luggage express" (a division of Universal Express) is great.
However... this concierge service is marketed to the upper tax bracket. It is for travelers who fly first class and are looking for convenience versus savings. (i.e. you will not sell this service to people who fly SouthWest * $79 a ticket.)
Thus you will never see a dramatic change in the number of passengers who fly with luggage. With that being said, there is definitely a niche market that will buy this service and a GOOD profit can surely be made.
And I believe a reduction of 10% to 15% of luggage carried on premium airlines is possible and would, in turn, even help the airlines efficiency, increase airport security, and could even result in a Government subsidy to USXP down the road... but that is way down the road.
That brings us to the Dubai partnership... these people have $$$... and A LOT of it. This is exactly the type of people that would use the service -- upscale travelers who use a lot of luggage.
To make this work, USXP would need a substantial air cargo network to move this volume of luggage. Thus the AirNet deal, which the Dubai partnership will help fund.
The Florida Oil & Gas purchase also fits into this business plan, since air fuel will be one of their biggest recurring expenses. Again, a smart business plan and it shows me that they are in this for the long haul.
Now, unfortunately the timing of the Dubai Port deal has surely hurt us a bit. I don't think it has killed the deal, but it surely has slowed things down a little. But again, I am confident and I don't foresee this taking much longer to complete.
Next we have "The Coalition for Luggage Security"... I know we all HATE these fluff PRs, but that's just the nature of the beast. RA is known for kicking out PRs at a high rate, and this will not stop anytime soon.
There's an old saying ANY press is good press. So, even these "fluffy" PRs rambling on about luggage security, etc... CAN help the stock. I know they get annoying, but when the REAL PRs hit you won't be complaining.
Finally, we come to the Saudi Investment and the lack of any REAL PRs... in the PR dated Feb 24, 2006 it stated: “In addition, Universal Express has today submitted its corporate brokerage account forms to invest a percentage of these investments to purchase AirNet and its own Universal Express stock on the open market,”
This means the Saudis are giving RA the cash to buy his own company. It doesn't mean that individual Saudi investors are going to log into their ETurd accounts and buy the stock.
AND, if you were going to buy shares of your own company wouldn't you want to get them at the CHEAPEST price you could..?
And if you had some juicy news to release (like the suitcase full of Saudi cash he just brought home, or maybe the final details of the AirNet deal), wouldn't you let the stock flatline a little so you could scoop up those shares CHEAP first..?
RA is a genius at stock manipulation via PRs, and he knows when and how to pump up a stock. It is just my oppinion that he will do so AFTER he has had a chance to steal as many of the CHEAP shares as he can FIRST.
This is just my 2 cents worth and you should all do your own DD before deciding what to do. I believe in the stock and I think we will all make some real BANK on it.
Unfortunately, the timing for this recent dip hurt a bit, and we have all missed out on some other good deals this week.
Oh well, things will look better when we rebound this weekend. But remember when we do bounce back don't sell ALL of your shares. Hold some of the "free shares" back and ride them up because that's exactly where they'll go...
Posts: 889 | From: Corona, CA | Registered: Mar 2006
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U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 18636 / March 24, 2004 SEC v. Universal Express, Inc., Richard A. Altomare, Chris G. Gunderson, Mark S. Neuhaus, George J. Sandhu, Spiga Limited, Tarun Mendiratta, 04 CV 02322, (GEL) (S.D.N.Y.) Today, the Securities and Exchange Commission (the "Commission") filed a complaint seeking a temporary restraining order ("TRO") and other emergency relief against Universal Express, Inc. ("Universal"), its chief executive officer Richard Altomare, and others involved in an illegal distribution of Universal common stock to the public. The Commission alleges that from April 2001 through the present, Universal has issued more than 500 million shares of stock for distribution to the public, issued a series of false press releases regarding funding commitments for the company, and made other false and misleading statements about its business.
The Commission alleges that Universal, Altomare, and Universal's counsel Chris G. Gunderson, Jr., distributed stock through Mark Neuhaus, George Sandhu, Spiga Limited, and Tarun Mendiratta (collectively, the "Resellers") purportedly as consultants to the company. According to the Complaint, the Resellers paid Universal in excess of $9.1 million for the stock, resold the shares to the public for a quick risk-free profit, and then used the proceeds to finance their subsequent share purchases in the ongoing scheme to distribute the shares into the public market. The Complaint further alleges that as the dilutive issuances weighed on Universal Express' stock price, Altomare issued a series of false press releases from May 2002 to April 2003 announcing funding commitments for a total of $885 million and thereafter made other false statements in public interviews, press releases, and Universal Express' filings with the Commission. The Commission further alleges that, following the illegal sales to the Resellers, Altomare diverted a substantial portion of the proceeds to family members and personal accounts.
The Commission's action seeks a temporary restraining order and order for accounting against Universal, Altomare, and Gunderson for the ongoing securities registration violations. The Commission is also seeking preliminary injunctive relief against all defendants. The Commission's action alleged that Universal, Altomare, Gunderson, Neuhaus, and Sandhu violated 17(a) of the Securities Act of 1933 and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder; that Universal, Altomare, Gunderson, and each of the Resellers violated Sections 5(a) and 5(c) of the Securities Act; that Universal violated Section 13(a) and 13(b)(2) of the Exchange Act and Rules 12b-20, 13a-1, and 13a-13 thereunder; that Altomare and Gunderson aided and abetted such violations; that Altomare and Gunderson violated Section 13(b)(5) of the Exchange Act and Rule 13b2-1 thereunder; and that Altomare violated Rules 13a-14 and 13b2-2 under the Exchange Act.
Posts: 2554 | Registered: Nov 2005
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posted
Ya I know. I am just putting it up here to light a fire under AR's hynee. Hopefully he'll see it and do something fast for this sinking ship.
Posts: 2554 | Registered: Nov 2005
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NEW YORK, Jun 24, 2004 (BUSINESS WIRE) -- Universal Express, Inc. (USXP), has directly confronted the Security and Exchange Commission in Universal Express' Case against it. The filing was recently made by the Company's prominent Florida litigation counsel, Arthur W. Tifford.
This 28-page ground breaking and historical document http://www.usxp.com/SECmemoinop.pdf verbalizes what smaller public companies and their CEOs have been subjected to by the unconstitutional conduct of unchecked agents of the SEC.
"There is much more that will be presented regarding the retaliatory, abusive, and illegal actions of numerous conflicted agents of the SEC," stated Richard A. Altomare, Chairman & CEO of Universal Express.
"Our capital system will be better served when the SEC works with and not against CEOs to eliminate the looming, estimated trillion-dollar naked stock short selling settlement crisis and other economic terrorism associated with naked short selling. It's time that the SEC turns its back on the huge economic benefits it derives from the naked short sales transactions, and invest its energies to protect American investors and displaced American workers. Seven years is long enough to wait for forthright and responsive action by the SEC to this terrible, soon-to-be fully exposed scandal."
"Let's see if our Presidential candidates agree that no agency or agent is above the Constitution of the United States," stated Mr. Altomare.
"Universal Express continues to develop its luggage delivery service, its private postal trade association and its capital, credit, and gift card programs during this distraction caused by the agency that owes our shareholders in excess of $900,000,000, as a result of the agency's actions in retaliation against the Company for its public position against naked short selling and the effect of the naked short selling on the Company's publicly traded stock."
"We urge our shareholders to contact their Congressional Representative and U.S. Senators and demand that a full investigation of the SEC's conflict of interest and its resulting inaction for seven years on this matter," concluded Mr. Altomare
Posts: 889 | From: Corona, CA | Registered: Mar 2006
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posted
Your right key, and I agree with you. I wanted balance to post from dk. stock was poised to take a strong dip. It was not from dk's post. review jb!
Posts: 889 | From: Corona, CA | Registered: Mar 2006
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posted
what I'm wondering is at what price the next good buy will be. Hoping for a .013, any views on this?
Posts: 889 | From: Corona, CA | Registered: Mar 2006
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posted
.013 is where I bought it the last time I did. I sold at .0215 today for a nice profit
Posts: 340 | From: Pleasanton, CA | Registered: Jan 2006
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posted
you want that price pretty badly uh dk? a lot of bashing you've done and for a purpose no doubt. Actually would love that price myself! Just doubt it. HIGHLY
Posts: 889 | From: Corona, CA | Registered: Mar 2006
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posted
You know what? I am getting so sick of people calling other people "bashers" for expressing their present opinions about the daily performance of this stock.
I for one, am not a basher of this stock. If you have some intelligence you would read through past pages of this topic and see for yourself. When this stock did good - positive comments were made, and vice versa. This message board, to me, is a way to show "joy" for when the stock does well, and to "vent" when it is not. After all we are talking about our personal $$ here, and some tensions will occur.
You people that defend this stock, probably defend it more than you ever would your own 'flesh & blood', family member, spouse, etc.
You "basher accusers" need to get a grip, and realize that this is a free society, and if I want to say that at the present moment this stock is a turd, I damn will. And if I want to say this stock is the Sh*t, I will, but for the past week the stock has been negative, which in turn negative comments will be expressed to coincide with negative dollars associated with the stock's decline.
Posts: 2554 | Registered: Nov 2005
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posted
Ok let me preface this by saying I own this stock and would like to see it go up just as much as anyone else here. If only to sell and recover losses. But just a little info/clarity regarding previous post's. As someone that has worked in and around Law Enforcement for many years, I am very aware that when one thinks of people that travel without luggage the number one scenario that comes to mind is Drug smuggler's. There are other unsavory types as well but don’t want to push the stock down any more than it is so won’t mention them. The point is, that if you travel without luggage you can bet you will be looked at hard by US Customs, INS, TSA and various other agencies you’d rather not have interrupt your travel. This is a significant obstacle to get over before it is seen as mainstream and grows legs. That said I believe it will eventually fly.
Second point. Everyone keeps talking about massive influx’s of cash over the past couple years, as well as new cash coming from Saudi Arabia. If you look at the financials on the SEC filings in the pinksheets all I find is negative cash flows.
Based on what I read and I admit I am not the smartest guy out here I see a company operating at a net loss of 3.9 to 4.6 million annually for the last couple of years.
Based on that I think: (1) we need to collect the $700,000,000 lawsuits, (2) see large chunks of investing Saudi or otherwise (3) Real information from the company before we see any real movement
JMO. sure hope I’m wrong if so hope ya’ll can show me where I’ve miscalculated
And regarding DK's post keep in mind that the SEC's suit is going forward in federal court. The comany's suit against the SEC was dismissed as I related in anearlier post and is currently under appeal by the company as they lost that round. Simple call to the Court Clerks office in Miami will confirm that.
All that being said I still want to see this do well as I have a bit of my own cash sunk in this and, like everyone else I hate throwing hard earned money away. I just think we need to keep reasonable expectations in mind and not a bunch of hype
-------------------- CG-48 "Victory is our tradition" Posts: 233 | From: Gautier, MS | Registered: Feb 2006
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