posted
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
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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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.
Posts: 2554 | Registered: Nov 2005
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posted
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.
Posts: 4112 | Registered: Jun 2006
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posted
"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.
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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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."
Posts: 2554 | Registered: Nov 2005
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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
Posts: 4112 | Registered: Jun 2006
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posted
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.
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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posted
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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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.
