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
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
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.
-------------------- It is what it is Posts: 196 | From: Tampa, FL | Registered: Mar 2006
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posted
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.
-------------------- It is what it is Posts: 196 | From: Tampa, FL | Registered: Mar 2006
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posted
Careful, both the 34M and 73M trade contained .0002 and .0003 so how do you know how many shares actually went for .0003.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
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 THINKPosts: 4112 | Registered: Jun 2006
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posted
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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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 }
Posts: 4112 | Registered: Jun 2006
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posted
Why wast money building a fake company to dilute and R/S when you can naked short for free.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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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.
posted
.0003 seem to be a good point to get back in to this POS. It just might run again.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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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.
Posts: 4112 | Registered: Jun 2006
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posted
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.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 2006
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posted
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Got a buy for 1000000 at .0001 will flip at .0002 A Return of $80+- Easy Pick here!!!!!
Posts: 1101 | From: Georgia | Registered: Apr 2006
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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
Posts: 1101 | From: Georgia | Registered: Apr 2006
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OKay, I figured, since I didn't see any trades go off at .0001, but it sounded like you mean tyou had already bought.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Auctions similar to tricky dick's are done fairly often but only his has a crooked auctioneer.....go figure. I guess similar types attract.
-------------------- 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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