posted
I made some money on this last year not sure whats up now but im sure it will get back to its usual run this one is a must watch for a good return
posted
I expected to see a PR today explaining the auction results. I guess they are still counting all that money. I wish they would hurry and payout the dividend. I'm looking forward for my .00002/share cut (20% of $1.5M). That's a wopping $20 bucks per million shares. Wow!!
Maybe they are too busy planing the next auction:
"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."
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posted
Give it up. This auction was a complete failure for the co. and shareholders - thanks to that moronic POS CEO!
Should of known better when he PR'd that the MJ chit was worth $50-100 million and at the bottom of the PR was the Safe Harbour Act - which is his defense to get away with BS'ing shareholders and lying all the time.
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posted
I still just can't believe why he would pay $5M for a pile of junk and then insure it for $100M. I would say he was scammed pretty good on that one. Unless the best is yet to come.
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Ya, the best is yet to come alright - like how 'bout the $40M Saudi Investment, $700M NSS judgement from the SEC, Oil/Gas Co. purchase with sales of $100M/year, etc...........
Talk about a freakin pump & dump artist - Hey, what's Mr. Cox's phone number at the SEC again? Oh wait, it won't matter since RA hides behind the safe harbour act.
posted
Altamare has redefined the terms crook and scumbag IMO. It's now time for him to pay the piper. Maybe a few years in jail might get his attention. Of all the scam stocks in pennyland USXP is the poster child IMO.
-------------------- Making it a little at a time....Now is the time to determine if you are a man or a mouse.
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posted
It's not over yet, they still have 2 more auctions to do. Now if we can just get Richard A to come out of hiding, they can get this thing moving again. However, that's assuming that the best is yet to come.
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posted
Several Huge buys at .0006 for this to be a POS. Somebody getting in or it could be Richard buying back shares while everyone's getting cold feet. Now wouldn't that be an amazing clever strategy. I feel a good PR coming.
Universal Express Updates Jackson Memorabilia Status Tuesday June 12, 2:17 pm ET
NEW YORK, NY--(MARKET WIRE)--Jun 12, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) -- Richard A. Altomare, Chairman and CEO of Universal Express, Inc., comments on the Jackson Family Memorabilia status and its future plans.
ADVERTISEMENT "Having recently completed only stage one of our long-term Jackson auction and memorabilia sale, I wanted to succinctly clarify our present status, sales totals and future plans to all interested parties," said Richard Altomare.
Mr. Altomare continued, "The multiple legal and overly emotional court cases and repeated questions of ownership have generated news stories and have definitely complicated stage one of our initial 1100 lot auction in Las Vegas.
"Disclosure has been made more difficult due to our now strained relationship with our auctioneer's inability to give us final sales numbers and our auctioneer's removal of key lots prior to commencement of the auction, without our permission. In addition, Universal Express recently had a court enforce return of its property from the same auctioneer. That episode and other auction issues will be made public at the appropriate time in the future.
"I continue to stand behind our original estimate of 30 to 200 million dollars for the entire Jackson Memorabilia collection due to the returning items; those items which remain in our warehouse, the tabloid value of some of those items and most importantly the master music tapes.
"Without revealing label discussions and possible financial partnerships our 138 master tapes do include over 23 unreleased songs, which necessitated the need for our initial Las Vegas auction to definitively determine ownership.
"It is legally interesting that ownership must precede sale in the Jackson auction and in all property transactions except, of course, our on-going naked short selling case with the SEC. Permitting sale of stock daily without actual ownership strangely resembles the elements of this case.
"While some of our shareholders lament only an estimated million dollar initial auction, but with over 30 prized lots not auctioned and approximately 25% of the initial lots retained for a future auction; but more informed shareholders may better understand our need to prove ownership, successfully defeat future legal musical claims and initiate dialogue with some highly visible music sources. Our initial media coverage generated millions of branding dollars with millions upon millions anticipated as future sales and master tape announcements materialize.
"The more elaborate the table, the longer the preparation sometimes takes. To those desiring a fast meal, our media coverage should have been sufficient. To those desirous of a memorable feast, we will take whatever legal and negotiation times necessary to achieve our ultimate goals.
"In conclusion, Universal Express has generated positive press, continued its brandings, exposed itself to entirely new markets and industries, and has demonstrated its legal maturation and sophistication. Our Jackson story has just begun. Hopefully the musical sounds will awaken those who haven't yet grasped the size and scope of our subsidiaries and our ultimate corporate drive," concluded Richard Altomare.
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
-------------------- I want to see nothing but GREEN!
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quote:Originally posted by PCola77: Whew, glad he finally clarified. I'm sure *this* time he's telling the complete truth, as opposed to his serial lying in the past.
Oh ya, I agree...God bless that kind honest man....I'm buying 25 million shares ASAP.
posted
I hate to sound negative here, but I'm starting to loose confidence in Richard A and this whole auction deal. I have a feeling the big money making items may end up in court again.
I could be wrong, but here is my take on all this:
Having the rights to mass-produce the music tapes could be worth millions, but I just don't see how USXP can win the rights to music produced by someone else. I think that falls under copyright laws. They bought the tapes, but not the copyright. So having the right to only listen to them privately would probably make them a lot less valuable. Now even if it would be a copyright violation, someone creative could figure out how to change them a little to get around that, but then they wouldn't be able to use the Jackson name. So that would take some of the glory away.
Also, if I were spending $5M on items once belong to someone else, I would definitely have lawyers review the legal rights before I would try and sell them. Why didn't he do this first?
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YOU ARE STARTING TO SEE THE LIGHT!...FOCUS ON THE LIGHT!!!....KEEP WALKING TOWARD THE LIGHT!!!!.....THE LIGHT WILL SET YOU FREE!!!!!!!!!!!.......THE LIGHT IS GOOD!!!!!!!!
posted
He can put out some fancy PR's, but no word about the auction or the buyback and dividend. -----------------------------
Universal Express CEO Requests Investigation Into Ex-Clearing Portfolios Thursday June 21, 7:30 am ET
NEW YORK, NY--(MARKET WIRE)--Jun 21, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) CEO, Richard A. Altomare, today requested a Federal financial and tax investigation into the Ex-Clearing accounts between brokers where the naked short sellers hide their daily short settlements and fail to deliver and receive by not entering those numbers into the existing depository system.
"This broker to broker loan system exceeds one trillion dollars, according to the New York Stock Exchange Focus Report. After the failure of the REG SHO program and its recent grandfather clause reversal, those naked short sellers now have only two choices: either cover or hide those positions in this process where brokers trade with each other without entering the depository system," said Mr. Altomare. "On July 24th it will be eight years since the ill thought out REG SHO program was created. During this period our stock control groups have been eliminated, accountability of market makers has deteriorated even further, and American shareholders have lost trillions of shareholder equity through trading scams, yet this Ex-Clearing process remains unsupervised and exceeds a trillion dollars!"
"Has our government received the tax payments? What are the interest rates, durations and tax expense deductions of these transfers? Are they loans? Who supervises these transactions? Let us always remember if a Company stock is naked shorted and after the shorting the company fails -- there is no taxable revenue recognition event for the broker or account that shorted the stock," continued Mr. Altomare.
"Today, I call upon the appropriate committees of Congress and even the Courts hearing our case to seize those funds pending the outcome of Universal Express' $700,000,000 existing judgment lawsuit or to institute a thorough federal criminal and tax investigation into those accounts. The American trading system demands a level playing field, by a regulatory agency that is both capable and willing to create that type of environment.
"I have often spoken of naked short selling, its avoidance of Federal taxes, and the protection of our shareholders. We have openly lobbied against the unconstitutional grandfather clause initiated to protect market makers during the last 3 years of naked short selling. Why must I now point out a trillion plus dollar broker to broker non-transparent account process? Isn't that what we expect of a functioning regulating agency?
"I request that the SEC deal with this question rather than malign the whistle blower. We've played that game before when the SEC actually denied that naked short selling existed and attacked those of us who revealed it. Today sadly the SEC admits that criminal naked short selling exists. Let's not today deny this trillion plus dollar process. Solve this loophole! Acknowledge the oversight! Protect the dignity of our capitalistic electronic trading system!
"This press release will be distributed to the appropriate members of Congress and the Justice Department.
"As the criminal naked short sellers scurry to find non-transparent loopholes, this Ex-Clearing account must be closed or seized.
"Denials, delays, defensiveness and now deceptive accounts. Is it any surprise, our regulatory agency's grade should be a 'D'?" concluded Mr. Altomare.
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posted
Good speech, but who do you trust. Richard says their company is on the right track and is growing, but just don't understand why their stock is so low when it should be around $2. He says it has to be low due to illegal shorting. He's also sticking to his auction estimate of $30M to $200M. Unbelievable or what. Hear for yourself, his interview starts 10.5 min into the recording. ---------------------------------
Universal Express CEO Richard Altomare Interviewed by MoneyTV Friday June 22, 10:21 am ET
NEW YORK, NY--(MARKET WIRE)--Jun 22, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today announced its CEO Richard A. Altomare provided in-depth information on a range of current topics during an interview with MoneyTV.
Mr. Altomare's interview included topics such as Universal's latest press release on Ex-Clearing, Jackson Family Memorabilia auctions, progress on Saudi Funding and Alliances, MadPackers, Luggage Express, and exposing and fighting the Naked Shorting scandal.
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
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posted
Just put in a buy order for 1 million at .0002 Gr8 flip if i can buy at .0002 will be at least one flip at .0003 so $200 will make $100 quick if I can buy LOw
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posted
trying to free up funds to buy more at .0003 - I definitely think this puppy will move again soon, it has too many things going for it... unless this CEO is a crook.... lets hope not...
I'm praying for PENNYLAND !
GLTA!
-------------------- I want to see nothing but GREEN!
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posted
Although the auction phase 1 didn't go too well, USXP seem to have so many other things going on. The pps won't stay down forever. ---------------------------------------
Universal Express Begins Offering LEAP Franchise Opportunities Friday June 22, 1:57 pm ET
NEW YORK, NY--(MARKET WIRE)--Jun 22, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) today announced its completion of its LEAP (Luggage Express Associates Program) franchise agreements and will be offering Luggage Express Franchise opportunities in Florida and Texas. LEAP franchise opportunities will be available to all 50 states as registrations are completed for each state.
It is expected within the next 30 days, LEAP Franchise registrations will be complete and ready to offer franchise opportunities in California, Hawaii, Illinois, Indiana, Kentucky, Maryland, Maine, Michigan, Minnesota, North Carolina, North Dakota, Nebraska, New York, Rhode Island, South Carolina, South Dakota, Virginia, and Washington.
LEAP is a Franchise program that grants protected territories of "at least" 500,000 people in each territory to individuals that wish to operate a luggage service business, specializing in the door-to-door delivery of luggage, as well as bicycles, golf clubs, skis and a wide variety of other items. The Franchisee will have the opportunity to market their territory and increase sales, with the efficient and established Luggage Express.
Luggage Express will make the initial training program available to the Franchisee's designated manager. The package includes a 5-day extensive training program, which involves proven training on marketing and sales as well as on-the-job training with our software, in the offices of Boca Raton. Opening and on-site assistance will be available at an approved site by trained officials. Financing is available for up to 80% of the initial fee, payable over a 5- to 8-year term. Also available for financing is a Ford 250-Econoline Van which is made possible through a recent partnership between Ford and Universal Express.
Matthew Jones, Senior Account Manager for LEAP, said, "Within the seven years, Luggage Express was formed through Universal Express' thinking 'outside of the box' philosophy. Now, with the LEAP Franchisees, we can reach more customers than was possible before. Franchisees in distinct territories can advertise locally throughout their territory, and when you have a local presence in communities, you speed up awareness of our luggage services."
"The road to becoming a Franchisor of Luggage Delivery services was long, but well worth it. Compliance with Franchise registrations is complete, and we are now in the midst of completing registrations in each state. The Luggage Express business model is a sound, proven business that business owners will embrace and help change the way Americans travel," said Richard A. Altomare, Chairman and CEO of Universal Express, Inc.
"Luggage Express has received inquiries from all across the country by individuals and companies as well as from the international community. Inquiries from Canada, Switzerland, Spain and India are being processed. This shows that there is a market for global development in this industry," concluded Mr. Altomare.
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Universal Express Responds to SEC Request Monday June 25, 7:30 am ET
NEW YORK, NY--(MARKET WIRE)--Jun 25, 2007 -- Universal Express, Inc. (OTC BB:USXP.OB - News) CEO Richard A. Altomare responded to the most recent SEC's revealing and inappropriate request for Receivership. "How can Receivership be requested for a company with a functioning chain of command, with ongoing acquisitions, with increasing valuation and with vibrant subsidiaries?" asked Mr. Altomare.
ADVERTISEMENT "Did Universal Express request Receivership to replace SEC management after we received a $700,000,000 judgment proving the existence of naked short selling and the awareness of the SEC's active participation in that illegal practice?" continued Mr. Altomare.
"Did Universal Express request Receivership when 6000 companies were damaged or failed due to the trading problems caused by naked short selling or when the SEC reversed its public statements on the existence of naked short selling or when the SEC issued a criminal counterfeiting grandfather clause and was recently forced to remove it?
"A 'before the appeal' grandstanding Receivership request reveals the SEC's fear of our jury trial appeal. Our entitled jury trial will determine not only if USXP did anything worthy of such attention, but if the SEC's naked short selling cover-up resulted in causing this case in the first place. That jury trial will also determine if the SEC owes the $700,000,000 judgment and has over-regulated, profited from, or damaged other public companies.
"Universal Express is much more than a court case with the SEC. Yet, with no jury trial, no criminal accusations, how does the opposing litigant in an existing legal matter attempt to seize and discredit a company with a proven $700,000,000 judgment against the process which has been permitted by the same litigant?
"Such a premature and legally unfounded press maneuver causes no concern, no capitulation and no docile acceptance of something that would take months to accomplish if there had been no jury trial planned.
"Naked short sellers first demean and bash a company's core business or CEO, then begins short selling the company's value and finally they try to destroy the stock value so that they will never have to pay for their criminal activity. In this case, the only additional ingredient added by the SEC is the avoidance of a jury trial. Apparently, the SEC has learned the pattern taught by professional naked short sellers. Fortunately, our justice department must permit a full jury trial appeal process.
"Throughout the centuries of human development, well-intended government employees, judges and even some journalists have blindly embraced unquestioned status quo practices until the collective intelligence of the common man finally understood that the status quo may have been incorrect.
"Segregation, women's rights, gay rights, fascism and even unpopular wars have taken intelligent and well-intended people decades to realize that the status quo may have been wrong. Naked short selling and today's SEC unchecked policies are part of that same critical thought process. When legal status quo is questioned, the individuals who question those practices must be persistent, resilient and believe the results are worth the battle.
"For 17 years, Universal Express' filings were approved by the SEC. Yet, days after suing the SEC for its naked short selling policy our entire capitalization was attacked by the opposing litigant in our trial. The only defense the SEC feels it has to present is one of immunity from prosecution. Our requested jury trial will question immunity, naked short selling, abuse of power and monies owed to failed public companies. Therefore, it is no surprise that the SEC wants to also run our company during that trial.
"This trial will examine, through full disclosure, the magnitude of the incompetence, abuse of power or criminal activities. The stakes of this case are much more complex than 'paid or friendly' reporters would want the collective intelligent reader to be told.
"I am sure that Rosa Parks, Susan B. Anthony and others, who questioned previously accepted 'legal' practices, were vilified, criticized and even demonized prior to the truth finally surfacing. When the cause is just, the enemy must be engaged. Naked short selling and the unchecked abuse of power of a governmental agency are such valuable causes worthy of the battle. We will help the truth to surface.
"Universal Express intends to vigorously defend the rights of its officers, employees, shareholders and all worldwide investors. We have requested a jury trial for full disclosure and let us not forget that all components of this company continue functioning and prospering.
"After all the facts are heard, Universal Express will have aided in improving our future trading system, create a healthier relationship between the regulatory agency and its member companies, as well as, receiving the funds its shareholders have earned during this ten year process of aiding in the surfacing of the truth," concluded Richard A. Altomare, CEO.
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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Article Tools Sponsored By By FLOYD NORRIS Published: June 23, 2007
The Securities and Exchange Commission, stating that Universal Express “appears to exist primarily as a vehicle for fraud,” has asked a federal judge to appoint a receiver to take control of it. Universal Express is a penny stock company that has sold billions of unregistered shares to the public.
The motion, filed in United States District Court in Manhattan at the close of business on Thursday, could lead to a closing of the company, which has reported losses far in excess of its revenues but has stayed afloat through the stock sales. It provides services to shipping companies.
In February, Judge Gerard E. Lynch of Federal District Court granted a summary judgment in favor of the S.E.C. in its civil suit against Universal; its chief executive, Richard A. Altomare; and its general counsel, Chris G. Gunderson.
The judge ordered the defendants to pay $21.9 million and barred them from being involved in penny stock sales in the future. He also banned Mr. Altomare from serving as an officer or director of a public company.
The company did not pay the fine, and not until Wednesday did it seek a stay of the order. Mr. Altomare continued as Universal’s only director and it issued billions of shares.
In its filing, the S.E.C. said, “Universal Express has since 2001 existed primarily as a vehicle to flood unregistered stock into the public market at values fraudulently inflated by the dissemination of false and misleading statements” and said the “conduct is continuing unabated.”
Universal issued a statement saying the action was “unfounded and without legal justification.” It quoted Mr. Altomare as saying he was “confident that the motion will be summarily dismissed.”
Universal, with its corporate headquarters in New York and its operations based in Boca Raton, Fla., has argued that its issuing of shares without registering them was legal because of a provision approved by a bankruptcy judge in 1994, when Universal emerged from a reorganization. Judge Lynch found that claim to be baseless.
The company also argued that it was being persecuted by the S.E.C. because Mr. Altomare had been a loud critic of the commission for not cracking down on “naked short selling,” the practice of selling shares without owning or borrowing them.
If a receiver is appointed and no new shares are issued, the company might have trouble financing itself. In the first nine months of its fiscal year, through March 31, it reported $2.7 million in revenue and a net loss of $21 million. It took in $11 million by issuing new shares.
In over-the-counter bulletin board trading, Universal Express was unchanged, with the stock selling at one twenty-fifth of a cent. The day’s trading volume was 1.4 billion shares.
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posted
I have made alot of money on this stock. I just bought more today. I can tell you there is a pattern. Since I have invested in this stock, it has fluctuated from .131 down to .0003. The last run was to .045 from .0003. It is about to happen again. The volume is extremely high, which preceeds every run. I expect it will run again to at least .04. It doesn't take a whiz kid to figure out the math. Brace yourself!
-------------------- It is what it is
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posted
Thanks for the info. Should we call you Mr. Altomare, or is Richard okay?
quote:Originally posted by oldguy: I have made alot of money on this stock. I just bought more today. I can tell you there is a pattern. Since I have invested in this stock, it has fluctuated from .131 down to .0003. The last run was to .045 from .0003. It is about to happen again. The volume is extremely high, which preceeds every run. I expect it will run again to at least .04. It doesn't take a whiz kid to figure out the math. Brace yourself!
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