quote:Originally posted by PCola77: Rob, I was serious. What do you mean that major investors are buying?
I consider large single trades at the Ask to be major investors. We'll talking over 50M each. Today there were over 10. Some as high as 77M * .0007 ($53k), other like 61M * .0008/9 ($48k, $55k).
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
OKay, thanks. I wasn't watching the T&S and yeah, I'd agree that if there was a trade for almost $70K, I'd consider that a major purchase as well Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by TopRob: Who let the Basher boys back in town. You guys should have bought in last week, cause no one's listening or selling low to you at this time.
"USXP to the moon Thursday/Friday"
You must be new to USXP. This is one of the most predictable stocks I've ever seen. No run lasts more than a day or two and it always finishes lower than it started. There is opportunity for a quick flip, but if you hold, you lose.
If you get greedy, you lose.
This run is already over, but there will be another (from a lower starting point) in a couple weeks.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 2006
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Kermit, you say next week, I say Thursday or Friday. This is assuming they release the details of the buy-back and profits from the auction. I wouldn't call this a run, I'm expecting a huge run up of at least 2x (.0014), maybe 5x (.0035). Now I don't know of any stock that has a constant predictable pattern. Patterns can also be changed by the progress and profits made in the company. USXP has many divisions and the Jackson auction is just one of the revenue streams and it is expected to bring in millions of dollar$. The success of this auction can instantly change any past pattern. Especially if it allows them to buy back billions of shares. Then there's the dividend. The good thing about a dividend is that its value does not depend on the pps value.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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Just got back from Vegas and the talk about this Jackson auction is like the pope's robes being sanctioned by god for sale and blessed by the heavens to reap untold mega price breaking records .
On one hand we are talking about usxp { a penny co } .
On the other hand .... they have been around for 23 years { unusual for a penny } and have now connected themselves with the most popular music family on earth { bar none } . They took the risk { to purchase for millions these items } .... Such a risk is about to show as one of the smartest moves ever by a penny company .
While in Vegas I talked with two business men at a resort { one owns a small casino at the front of vegas and the other owns a very large import export shipping corporation in long beach California } . Both men said they never owned a penny stock or ever new the name of a penny stock company { and now they know about usxp because of this auction and their purchase of the Jackson items } .
Just as it was weird and unusual for Micheal Jackson years ago to want the elephant man's bones or purchase a hyperbaric chamber ......it was an unusual move for the president of usxp to by the Jackson items .
And theres another part to this . Certain VERY wealthy arabs are Super excited by his auction { as they are incredibly into anything Micheal Jackson } .
Do the math .....
Auction held in Vegas { most circus like hi volume mega hyped up and FLOODED with cash rich people ready to grab anything Micheal or his family have ever touched } .
Auction will be televised { for even more participants } to buy .... and Micheal is so loved in Vegas he is already in descussions for a mega huge dominate the planet comeback based in that city .
Come back here bashers { don't run away so fast } .... I need more shares .
posted
It really doesn't matter what happens today, unless you plan on selling before June 1st. Nothing big is going to happen until the auction is over.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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Not news to bank on, but touching. ---------------------------------------
Universal Express Inc. Awards $5,000 to Boca Raton Community High School and Teacher of the Year Glynis Benson Thursday May 31, 1:34 pm ET
CEO and Teacher of the Year to 'Swap' Positions for a Day in Early Fall
NEW YORK, NY--(MARKET WIRE)--May 31, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) -- Richard A. Altomare, Chairman and CEO of Universal Express Inc., a transportation conglomerate, was so moved when he read about Glynis Benson's recent win for Teacher of the Year, he called Principal Geoff McKee personally to award Mrs. Benson $2,500 on her outstanding achievement and $2,500 towards the students of Boca Raton Community High School. Mr. Altomare and Principal McKee surprised Mrs. Benson with a $5,000 check in front of students, Thursday, May 24th on-site at Boca Raton Community High School. http://www.msnbc.msn.com/id/18416656/
Altomare, a former tenured College Professor, also invited Mrs. Benson, an intensive reading and English teacher, to 'swap' positions with him for a day. The date of the one-day honorary 'occupation exchange' will occur early Fall 2007 and will be announced later this summer.
"Mrs. Benson has done a phenomenal job with her students; many hopefully will become Universal Express future employees. On behalf of the shareholders of Universal Express and subsidiary Luggage Express, it is truly our pleasure to present this $5,000 donation to Mrs. Benson and the students of Boca Raton Community High School on a job well done," said Mr. Altomare.
"Special thanks to Principal McKee for allowing this swap to happen. I am very much looking forward to meeting the students of Boca Raton Community High School and eagerly await Mrs. Benson's take on what it's like to be an honorary CEO for a day," he continued.
"We are so deeply touched by Mr. Altomare's desire to support our Teacher of the Year and to additionally support the hardworking students at Boca Raton Community High School. We look forward to Mrs. Benson becoming honorary CEO for a day at Universal Express and are honored to have Mr. Altomare educate our students early this fall," says Principal Geoff McKee.
For more information regarding the swap or to request press photos of the check presentation, kindly contact Michelle Soudry at The Gab Group, 561-750-3500 or email her at msoudry*thegabgroup.com
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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Michael Jackson wardrobe fetches thousands at auction The Raw Story Published: Thursday May 31, 2007
Some of Michael Jackson's memorable and glittery clothes sold for thousands of dollars Wednesday at a huge auction of goods belonging to the "King of Pop" and his famous musical family.
A black silk jacket that Jackson wore on stage in the 1980s fetched 17,000 dollars (12,600 euros), while the evening's biggest sale was another glittery jacket that went under the hammer for 19,000 dollars at the auction held at a Las Vegas hotel-casino.
A red jacket resembling a Buckingham Palace guard uniform sold for 9,000 dollars, while a crimson shirt worn by the star during his "Bad" album tour made more than 1,000 dollars, according to figures available on the Internet.
The Guernsey's Auction House has billed the two-day auction as the biggest-ever sale of Jackson family memorabilia, a lot of 1,100 items including the clothes, music sheets and gold disc awards of Michael, Janet, Jermaine, Tito and La Toya Jackson.
Jackson's MTV music award for the song "We Are the World" garnered 16,000 dollars, while gold discs for his album "Off the Wall" and the Jackson 5 single "I Want You Back" raked in 11,000 dollars each.
Jackson started out in the 1960s with four of his older brothers in the Jackson 5 pop group, which produced a series of platinum records for Motown, selling millions.
Some of the items in Wednesday and Thursday's sale date back to this period, while others are from his hugely successful solo years in the 1980s, when he recorded albums such as "Thriller" and "Bad."
The auction, held at the Hard Rock Casino and Hotel, had gotten off to a less than thrilling start with several items selling for just a few hundred dollars.
A platinum record for the massively successful song "Billie Jean" was sold for just 100 dollars, while a picture signed by the pop legend was bought for 750 dollars.
One of the most notable items, a copy of the contract for Jackson's purchase in 1987 of the California ranch that he nicknamed "Neverland," sold for just 100 dollars.
Jackson himself initially opposed the auction before the matter was resolved amicably. The goods belonged to one of the singer's associates but were seized by creditors when the person went bankrupt.
The 48-year-old singer quit Neverland and spent most of the past two years in the Gulf state of Bahrain after a California court acquitted him in 2005 of child molestation charges. He has recently moved to Las Vegas.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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The firs2nd t block of auction items (around 1/4th of total) has ended 2007-05-31 TOTAL: $403,275.00
9: The Jacksons' "We Are The World" Awards, 1985 - $17,000.00 9: USA For Africa MTV Video Music Award, 1985 - $16,000.00 23: "Thriller" Award Presented to Janet Jackson - $15,000.00 261: Michael Jackson Signed Charlie Chaplin Drawing - $14,000.00 20: Off The Wall Gold Record to Michael Jackson - $11,000.00 35: The Jackson 5's Motown "I Want You Back" Award - $11,000.00 97: Jacksons NAACP Award, 1984 - $11,000.00 89: Jacksons "Walk of Fame" Star Collection - $9,500.00 242: Michael Jackson Signed Drawings - $8,500.00 21: The Jacksons "Victory" Platinum Award, 1984 - $8,000.00 241: Scooby-Doo Artwork Inscribed to Michael - $8,000.00 17: Janet Jackson "Control" and "Rhythm Nation" Awards - $7,500.00 255: Original Artwork Featuring Michael Jackson, 1983 - $7,500.00 32: Michael Jackson Gold Award, 1987 - $6,000.00 81: "We Are the World" Awards - $5,500.00 65: Destiny RIAA Certified Platinum Awards - $5,000.00 64: Jacksons "Triumph" RIAA Certified Platinum Award - $4,750.00 29: The Jacksons "Victory" Multi-Platinum Award - $4,500.00 301: Michael Jackson Stage Worn Jacket and Cummerbund, - $4,500.00 26: The Jacksons "Live" Platinum Award, 1981 - $4,250.00 60: Jacksons Platinum Sales Award, 1984 - $4,000.00 245: Michael Jackson's Mickey Mouse Drawing - $3,750.00
posted
Yikes. For your sake I hope there are some big ticket items left, or the $200,000,000 estimates will be just a bit high.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Yep, not looking good at all. USXP paid $5M for the lot and $2M to move it to Florida. I hope the next blocks are better than this. I guess we'll find out tomorrow.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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Jackson Goods Net About $500,000 Friday June 1, 8:27 am ET Auction of Jackson Family Memorabilia Sells About $500,000 on First Day
LAS VEGAS (AP) -- Jackson family memorabilia brought in about half a million dollars on the first of a two-day auction at the Hard Rock Hotel & Casino, auctioneer Guernsey's said Thursday. The auction, which wraps up late Thursday, displayed more than 1,100 lots, mostly costumes, documents, awards and other memorabilia.
One of the priciest items to sell was a black, military-style coat with an "M" crest that belonged to Michael Jackson. It fetched $24,000, said Guernsey's president Arlan Ettinger.
Several awards sold for similar amounts, including gold and platinum albums presented to the Jacksons for sales of "We Are the World," recorded by a group of artists known as USA for Africa. The set sold for $20,000.
Universal Express Inc., a luggage company based in Boca Raton, Fla., acquired the items in March last year from New Jersey businessman Henry Vaccaro, who took possession of them in 2002 after a failed business venture wound up in bankruptcy court.
After a last-minute court hearing held Wednesday about a confidential settlement his company reached last year about the ownership of some of the items, the company agreed to pull a dozen items so bidding could start on time, said Richard Altomare, the company's chief executive. It was not immediately clear what was disputed, or what items were pulled.
Altomare said he wasn't disappointed at the sales pace, even though his company bought the items for $5 million and spent more than $2 million transporting them.
The company's collection includes other Jackson items, such as master tapes of hundreds of songs, some never released, that will be sold later, he said.
"We have two times the number of items here still in our warehouse," he said.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
$500,000? That is it? That is a far cry from the estimated $50-$100 Million. When all said and done, they'd be lucky to get their $7 Million dollar investment back, IMO.
Another lie from RA, huh? Why am I not surprised? Posts: 2554 | Registered: Nov 2005
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posted
Well, he says that he has twice as much stuff still in the warehouse...
So is this the stock that was going to pay a dividend and buy back shares with the "proceeds", or was that another POS stock?
And if it was this one, if they were going to do a buyback with the profit, does that mean they'll dump a bunch of shares to make up the difference?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
Hey, but the dividend on this is $6 per Million shares, that's good for a good burger. With the second block maybe enough for a burger, fries, and a drink.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Rob, I'm guessing holders lose the "dividend" about 50 times over when the price crashes from people bailing who bought in for the dividend.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by PCola77: Rob, I'm guessing holders lose the "dividend" about 50 times over when the price crashes from people bailing who bought in for the dividend.
Most likely true, but you'll still have your burger.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
But seriously, we don't know how much MJ stuff USXP really has. What we seen auctioned and in the list is no way worth $5M. Now if Richard actually paid $5M for that junk, then he's the real sick one here. Richard claim to have purchased 20,000 items. They only auctioned less than 2,000 pieces, so that leaves 18,000 to go. I have a feeling the best is yet to come. Maybe a second auction or even a private one for the super rich.
This could be a trick to get some to sell out so they can buyback billions. Wouldn't that be the icing on the cake. How sweet it is.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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quote:Originally posted by TopRob: But seriously, we don't know how much MJ stuff USXP really has. What we seen auctioned and in the list is no way worth $5M. Now if Richard actually paid $5M for that junk, then he's the real sick one here. Richard claim to have purchased 20,000 items. They only auctioned less than 2,000 pieces, so that leaves 18,000 to go. I have a feeling the best is yet to come. Maybe a second auction or even a private one for the super rich.
This could be a trick to get some to sell out so they can buyback billions. Wouldn't that be the icing on the cake. How sweet it is.
I think you should call him the short version name of Richard - DICK!!!!!!!!!!
Dick has got to be one of the most conniving sunsofbiatches CEO I've ever seen. JMHO.
Posts: 2554 | Registered: Nov 2005
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10% of net proceeds donated to charity: ($62,125.00) = $559,125.00 20% of net proceeds to shareholders: ($111,825.00) = $447,300.00 15% of net proceeds to buy back stock: ($67095.00) = $380,205.00
$1.5 million owed to Henry Vaccaro per court ruling: -$1,119,795.00 $2 million for shipping and handling expenses: -$3,119,795.00 $5.8 million for the original purchase: -$8,919,795.00
WHAT A JACKASSSSS!!!!!!!!!!!!
Posts: 2554 | Registered: Nov 2005
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Sorry, but I have to correct you a bit. NET means after costs are taken out, so if you want to be literal, it would go like this:
Total income $621,250 Total cost $8,119,795 Net Gain/(Loss) = ($7,498,545)
10% of net gain/(Loss) to charity means the charity owes him $750,000 20% to shareholders means sharholders owe him $1.5million 15% share buyback means he can dilute $1.125million worth of shares
10% of net proceeds donated to charity: ($62,125.00) = $559,125.00 20% of net proceeds to shareholders: ($111,825.00) = $447,300.00 15% of net proceeds to buy back stock: ($67095.00) = $380,205.00
$1.5 million owed to Henry Vaccaro per court ruling: -$1,119,795.00 $2 million for shipping and handling expenses: -$3,119,795.00 $5.8 million for the original purchase: -$8,919,795.00
WHAT A JACKASSSSS!!!!!!!!!!!!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
I don't for a minute doubt this company is a scam. Any dividend or buy back will simply be a ruse to sell more shares (because that's what everything is with USXP).
BUT
From the hint of what's left, it seems like the best is yet to come. They didn't figure on getting millions of dollars out of monogrammed jackets and framed gold records. If the master tapes come with the copyright (and who would pay more than low three figures if they don't?), that will get some real money.
Maybe auctions are like golf tournaments--the first two rounds are just to see who gets to play the final rounds and the national TV audience doesn't show up until the last day.
They probably exaggerated the potential take by a factor of 10, but probably not by a factor of 200.
-------------------- Me Trade Pretty One Day. Posts: 815 | From: NYC | Registered: May 2006
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Yeah Kermit, there's got to be more than this. I just didn't see anything in the list worth anything close to a million bucks. There also a lot that I don't think was even worth the minimum $100. For one thing, I can't imagine Richard paying $2M bucks to move that junk to Vegas. He could have put all that crap in a U-Haul and moved it for less than $2,000. I think we'll be hearing more on the remaining items.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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posted
Which is correct, $621k or $1.5M and will there be another auction? Maybe we'll find out Monday. -------------------------------------------
Michael Jackson auction brings in 1.5 million dollars Posted on Friday, June 01, 2007 (EST) An auction of the King of Pop Michael Jackson's memorabilia this week brought in between 1.5 and two million dollars, said the company that organized the sale, promising to hold another.
Awards that Jackson won for the collaborative song "We Are the World" and the MTV Video Music Award he won for USA for Africa brought in 20,400 dollars and 19,200 dollars respectively.
"Although the final tally is still being calculated, Universal Express estimates total sales of this first stage to be between 1.5 - 2 million," the company said.
"The extraordinary response to the auction has prompted Universal Express to plan a second Jackson Family auction, which will feature some of the merchandise held back from this weeks event, as well as many smaller, less expensive items."
Universal Express had purchased thousands of Jackson family items, goods which belonged to one of the singer's associates but were seized by creditors when the person went bankrupt.
Jackson himself initially opposed the auction before the matter was resolved amicably.
The 48-year-old singer quit Neverland and spent most of the past two years in the Gulf state of Bahrain after a California court acquitted him in 2005 of child molestation charges. He has recently moved to Las Vegas.
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