posted
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!
Posts: 1101 | From: Georgia | Registered: Apr 2006
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posted
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.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
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.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
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%.
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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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"
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
"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?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
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.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Got to work today... can't watch the market... wish you guys lots of trading luck... Hope you make lots of $$$$$ :}
Posts: 1101 | From: Georgia | Registered: Apr 2006
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posted
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
Posts: 1986 | From: Florida | Registered: Mar 2006
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posted
As I posted last night, Shakerz started posting about this one after the close, meaning he was probably loading up before his "announcement".
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 7800 | From: Virginia | Registered: May 2006
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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.comPosts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
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.Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
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."
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