posted
It's almost guaranteed that USXP will keep sinking. Just how far is anyones guess. Oh I forgot... .0001 is the bottom.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
I was considering buying more about now....but I guess I'll wait for .005 or so now.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
So after watching this thing plummet I decided to take a second look at this company's balance to see if I could detect anything funny. I looked at it and sent it to a close friend of mine who has worked as a trader (not pennies) for about 18 years.
Two minutes after getting my e-mail he called me, laughing. I asked him why he was laughing. I pulled up the 10K and we walked through it together. To make a long story short he was blown away by a company that has $600 in cash and a net operating income LOSS of over $5 million, but still manages to pay their CEO a salary of close to $1 million a year.
I asked him where that money comes from to pay RA? What did he say? Selling stock. Simple as that. This company is so poorly managed that RA is laughing all the way to the bank as he puts these bogus PR's out there, makes the stock move, and drop, all the while he's getting rich (and others, yes).
So, anyone thinking this stock is nothing more than a pump and dump. Forget it. That's all it is and all it will ever be. I"m waiting for the next pump.
Grab that handle RA, let's get RICH!!!!!!!!! Where's the money coming from this time? Antarctica??? Jeezus.
Posts: 274 | From: Chicago, IL | Registered: Mar 2006
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posted
Hmmm... but if thats true, and he released those prs and none of them have any actual truths to them, how does he get away with releasing botched information?
Posts: 90 | Registered: Dec 2005
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And this has been a 'pump and dump' for years. Anyone with a brain that can read would know that.
You can be sure that RA's lwayer ok's the PR's before thay are released.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
A few people on this board, Blind and a few others, have nailed this stock to a tee. There is no long term plan for this company; there is no money coming from other sources; those "forward looking statements" are only that; this company will NEVER be profitable. The business plan sucks, and people who keep pumping this stock can keep doing, but are you one RA's payroll??
Luckily, I've only got a few bucks in this stock, but I'll be waiting 'til RA and his friends decide this thing has tanked low enough to buy in and make 20x their money. Hopefully, I'll be on his coattails when that happens.
I wonder how you get on his e-mail list, the one he sends all his friends when it's time to buy. Hmmm....
This thing is headed straight for sub 0.001, IMHO. Blind, I'm with you all the way (down or up) Kicking myself for not have figured this POS stock out earlier.
I would love to be wrong, here, but if this stock ends UP tomorrow (Thursday), I'll wear a chicken suit to work. No kidding.
Posts: 274 | From: Chicago, IL | Registered: Mar 2006
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-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
As far as the shares oustanding being 5 or 6 billion...by the looks of some of the others in pennyland that have 30,40,50 or 100 billion or more and are still 'floating', USXP has a long way to go. Maybe RA will be the first to have a float of a trillion!
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
If I was a gambling man (oh, wait, I am) I would imagine that's not too far off. RA just has to reach far enough up his sleeve and pull out a couple 995 billion more shares.
Posts: 274 | From: Chicago, IL | Registered: Mar 2006
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posted
I do give RA credit for keeping USXP in one piece for 20 years. And like a grizzly old prospector...one day he may actually hit paydirt.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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quote:Originally posted by BlindMellonChitlin: The 'Safe Harbour' section of PR's.
And this has been a 'pump and dump' for years. Anyone with a brain that can read would know that.
You can be sure that RA's lwayer ok's the PR's before thay are released.
Thanks for the info.
However on the Feb. 22 pr RA says this:
"This unique partnership in the Middle East involves multiple influential leaders and supporters in the region," said Richard Altomare, CEO and Chairman of Universal Express, Inc.
"Today we have signed a 40,000,000 USD guarantee with an expected 200,000,000 USD initial investment into our joint venture company," continued Mr. Altomare.
How can the safe harbor protect that? When you use words like gurantee. And then on the 24th RA says they have recieved intial investments from the Saudis.
I'm not trying to argue with ya, just a new investors trying to learn the ins and outs of this game.
Posts: 90 | Registered: Dec 2005
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posted
Actually there is probably a legal definition of the word 'gaurantee'. And nothing is factual until an 8K or whatever is filed with the SEC...as far as I know.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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Ok I gotcha... Thanks. Well I guess its time to sit back on the sidelines and wait for a good rentry then.
Posts: 90 | Registered: Dec 2005
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posted
Just stating that you have signed a document of any kind does not mean anything binding has been comitted. One has to know all the details of the 'signed agreement' to know exactly what was 'agreed' upon. There may be many loop holes to allow either party to back out of the agreement. That is why only a document filed with the SEC that details the facts is of any real consequence.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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Nothing in this section shall impose upon any person a duty to update a forward-looking statement.
For purposes of this section, the following definitions shall apply:
1. Forward-looking statement
The term "forward-looking statement" means--
1. a statement containing a projection of revenues, income (including income loss), earnings (including earnings loss) per share, capital expenditures, dividends, capital structure, or other financial items;
2. a statement of the plans and objectives of management for future operations, including plans or objectives relating to the products or services of the issuer;
3. a statement of future economic performance, including any such statement contained in a discussion and analysis of financial condition by the management or in the results of operations included pursuant to the rules and regulations of the Commission;
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
Basically as long as a PR is worded properly, it can say almost anything and be acceptable.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
JMO...Things I've learned the hard way playing this stock
I'd be very surprised if this doesn't wind up around .003 if so I'll buy back in. In fact it was in triple zero land back around end of Jan begining of Feb. Like Blind sed it could pop at anytime, but is very volatile and can drop like a stone as fast or faster than it goes up.
With regard to guarantees remember in webcast he said he was going to sign papers but that didn't mean the money was there. Also the initial contract was negotiated in Dubai. Contracts signed overseas may not be subject to same rules/reg as those governed by U.S. Law. so a contract or a letter of Intent may not have the same level of "guarranty" that we expect.
Forward looking statements are Projections not prophesy. Anything and everything can change the equation from "Boy this looks great" to "we're headed for the pooper" CEO's are very aware of the "circumstances beyond my control" or "Overcome by events" loophole.
Best thing is buy as low as ya can and sell on the way up. Once it peaks and starts down it's tough to sell.
Pay attention to the "bashers" they are usually right and have information worth listening to. Like Pete says BMC has been right more often than not and If I'd listened more carefully to him in the beginning I'd have sold on the way up to .04 instead of on the way down to .02 and lower.
Never offer to wear a chicken costume, you might end up in after all LOL
Anyway thanks to BMC, Robbie_English and several others on this board that have contributed to my education and GLTA
-------------------- CG-48 "Victory is our tradition" Posts: 233 | From: Gautier, MS | Registered: Feb 2006
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The credo "Buy on the rumor, sell on the news" fits this stock like a glove, simply because there's no way the rumors are true (I know that now) and when the news comes out run for the hills (even though the news is a rumor, too)...wait...I'm confused...Oh, well, it's late.
Posts: 274 | From: Chicago, IL | Registered: Mar 2006
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posted
I wonder if there will be a PR that might stop the drop?
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse. Posts: 1543 | From: Ogilvie, MN, US | Registered: Apr 2004
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posted
Is this stock wearing concrete shoes? Wow. The last time this stock crossed it's open was during the CC.
Posts: 274 | From: Chicago, IL | Registered: Mar 2006
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posted
Looks like I can pack away that çhicken suit for a rainy day...what a shame (as if there was ever any doubt) Sorry, Blind and Swab, but I woulda posted pictures of me at work in the suit. Darn. Maybe another time, after it hits .0002
Posts: 274 | From: Chicago, IL | Registered: Mar 2006
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posted
Can you imagine trying to average down during this free-fall - It would be like a dog chasing it's tail. lol
Posts: 2554 | Registered: Nov 2005
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quote:Originally posted by Swab Jockey: Go ahead we all know you're dying to put the suit on. Don't hafta wait for a gainer LOL
Swab, you know me better than I thought you did...LOL =) This thing is tanking!!!! New symbol - TANK.
Posts: 274 | From: Chicago, IL | Registered: Mar 2006
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and usxp the 4 cents
