Universal Express Inc. (OTCBB: USXP) today announced that it has filed a multimillion dollar lawsuit against First Call and Thompson Financial for compensatory and punitive damages in connection with First Call's removal last month of a posted recommendation and target price from its summary on Universal Express.
"Universal Express' attorneys commenced this suit for compensatory and punitive damages against First Call and Thompson Financial in the Supreme Court of the State of New York, County of New York," Docket No. 104188-07, stated Chris G. Gunderson, General Counsel of Universal Express.
"Universal Express has received more than $700 Million in jury awards against naked shorters, including over $275 Million in punitive damages, awarded by two separate juries and will defend its rights and the interests of its shareholders. I am confident that our litigation against First Call and Thompson Financial will right their wrongs," concluded Mr. Gunderson.
"The facts remain simple. An analyst report summary appears from First Call on the internet. We verified the existence of the summary and we announce. Then four days later the recommendation and target price mysteriously disappears from the report with the comment 'No analyst consensus'," stated Richard A. Altomare, President and CEO of Universal Express, Inc.
"Are market makers, brokers or hedge funds short this stock now afraid of analyst opinions? Damages and malfeasance towards our Company and its shareholders will always be defended by this Company," concluded Mr. 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
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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CONGRATULATIONS!!!! You have now started the 21st thread on USXP in the last year. WOOHOOOOO. That is one for every 17 days for the last year, or one for every 12 days excluding weekend days. Thanks TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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So let me get this straight, they put out a PR about how their large source of income is from sueing other people, including now sueing First Call for accidently using USXP's symbol in the valueation of another company with a similar symbol. Yepper this one of those straight shooting companies that I want to invest my money in. Maybe I will buy $1.00 worth then start a thread about my new purchase, or not. LMAO
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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I dont guess they have to show those huge jury awards on their 10Q, since I havent seen them. I guess the awards if ever recieved will support the company but the poor shareholder that bought at .10 cents 18 months ago, will feel very vindicated if they win this lawsuit. GLTA. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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Couldnt find the other post.... Ive fliped several times and made lots of $$$ with flips.... Gr8 stock to flip.... It does move up and down and news/Whatever comes out lots.... I have never lost money on this one.... Had to hold a while but lucky with it so far.... Will make some $$$ shortly again with a flip.... It is a penny so you play it like one..... Scam or not
Posts: 1101 | From: Georgia | Registered: Apr 2006
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No doubt about that, I choose not to take a chance on this one. If you look close enough you can see the marks on the stock where it's been touched by 10 foot poles, JMO
-------------------- If ignorance is bliss, why aren't more people happy? Posts: 2647 | From: MN | Registered: Feb 2006
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Someone told me recently to stop wasting my time and that there is no need to bash this POS.....lol
Posts: 2554 | Registered: Nov 2005
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This is an easy one to predict . Ofcaurse it will make many for those buying at theses prices . I simply buy at these prices and wait ... It always goes up . But this stock has the potential of really going up and when we least expect it . And far higher than it did last year,
All stocks are risky ... some more than others .
But when they move ... NOTHING MOVES LIKE THE PENNY STOCKS .
Not Coke , not Mcdonalds , not Disney ...NOT ANY .
Might be 1 out of 30 .... But oh how they move .
And I for one do not think last year was the best that USXP can do . So always keep some shares it .
Posts: 388 | From: redlands | Registered: Jul 2006
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Yep... I have made some money on this one every time i buy it ... buy low sell on a little uptick.... works gr8 here
Posts: 1101 | From: Georgia | Registered: Apr 2006
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Hitman, there is a search button on the top of the page that will let you search for just about anything that has been posted. Just trying to be helpful. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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TMAN.... thanks lots..... I have never seen it b4... have been scrolling back thru the pages to find what i needed..... Wow Cant believe i didnt figure that one out.... Thanks lots for the tip
Posts: 1101 | From: Georgia | Registered: Apr 2006
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I hope this ticks down a bit more { so I can capture even more shares } . But I don't really think it will . And besides ... I'm ok with the current price and have been all week . I just like to take advantage when fear selling sends price lower .
I will try and buy more tomarrow ..... or even maybe monday.
Oooh ! scary .. better sell ... Give me your shares . Posts: 388 | From: redlands | Registered: Jul 2006
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quote:Originally posted by cottonjim: So let me get this straight, they put out a PR about how their large source of income is from sueing other people, including now sueing First Call for accidently using USXP's symbol in the valueation of another company with a similar symbol. Yepper this one of those straight shooting companies that I want to invest my money in. Maybe I will buy $1.00 worth then start a thread about my new purchase, or not. LMAO
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Most of these sub-penny stocks are POS, but you got to know when to get in and out. I made the most money on USXP than any other stock about a year ago where I bought $400 at .0004 and sold for $8000. Does it really matter if the stock rises because of a lawsuit or some major breakthrough on a possible cancel cure. Penny stocks are always risky. So go short term with the one that has the best PR, going long will eat you alive.
Go Richard A, get the money and buy a real product this time.
Posts: 1269 | From: Dallas, Tx | Registered: Mar 2007
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lol, true dat on a run--but then, on last year's run, how many knew the story here? Raven Moon used to suck in peeps here alla time, but hopeably peeps are learning. We're not here to dump on own peeps...
Tex .... you had to mention Raven moon . Someone should be in jail there . Bonnie & clyde { modern day stock version } run that company . Is there Karma in the world and will they ever get theirs " thats the question with raven moon .
Posts: 388 | From: redlands | Registered: Jul 2006
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quote:Originally posted by T e x: think a bogus lawsuit is good PR?
lol, true dat on a run--but then, on last year's run, how many knew the story here? Raven Moon used to suck in peeps here alla time, but hopeably peeps are learning. We're not here to dump on own peeps...
EXACTLY TEX, allstocks is a family and we need to watch out for our own. Now, some of us proally have drunk alter egos cause we cant remember our passwords at home and as family we should be able to recognize the differance between an alternate idaentity and a stranger. Protect yourself and protect your friends, and if someone you don't know tries to give you "sound" advice, look into it, you owe it to yourself. Hi tracy.
-------------------- A million unemployed comedians and you are trying to be funny, have you no shame? Posts: 128 | From: Here | Registered: Apr 2006
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nah, hell I ave already told pepes who I am, I just can't remember my password on my home comp. so I resigned up. Seemed easier. Now, the fact that some dont remember is their fault, not mine + I usually only get on at home after a few (the wife don't want me in bed at that point anyways *if you know what I mean* shes tired at this time of the night.
-------------------- A million unemployed comedians and you are trying to be funny, have you no shame? Posts: 128 | From: Here | Registered: Apr 2006
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quote:Originally posted by bluechipper: nah, hell I ave already told pepes who I am, I just can't remember my password on my home comp. so I resigned up. Seemed easier. Now, the fact that some dont remember is their fault, not mine + I usually only get on at home after a few (the wife don't want me in bed at that point anyways *if you know what I mean* shes tired at this time of the night.
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NOW TEX, my wife only "thinks" she doesn't want me right now; once I get upstairs and remind her why she accepted the wedding ring, she will willingly cave
-------------------- A million unemployed comedians and you are trying to be funny, have you no shame? Posts: 128 | From: Here | Registered: Apr 2006
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Don't appologize, I always go for the funny and you maybe weren't in the few stocks I was in when I started posting at home (when I was drinking) *but really, I had to be drinking when I first bought that POS in the first place, LMAO*. I keep waiting for someone to call me a newbie, LMAO, thats why I am vary careful what I say all the time, you never know who's toes your stepein on. At allstocks we watch each others backs and i want to keep that atmosphere, cept for that off topic area, fair game all seasons.
-------------------- A million unemployed comedians and you are trying to be funny, have you no shame? Posts: 128 | From: Here | Registered: Apr 2006
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quote:Originally posted by bluechipper: Don't appologize, I always go for the funny and you maybe weren't in the few stocks I was in when I started posting at home (when I was drinking) *but really, I had to be drinking when I first bought that POS in the first place, LMAO*. I keep waiting for someone to call me a newbie, LMAO, thats why I am vary careful what I say all the time, you never know who's toes your stepein on. At allstocks we watch each others backs and i want to keep that atmosphere, cept for that off topic area, fair game all seasons.
Bee-otch!
lol, you ain't steppin' on my toes... I suspect you can't even dance...
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Bluechipper, I had forgot about the old days when you would post at night. You were funny as h*ll. btw if usxp would ever get back to .0005 I would buy a boat load and ride it for a while. TMAN...
-------------------- In the end, trust only yourself when trading stocks. Posts: 2048 | From: Texas | Registered: Feb 2006
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Bought yesterday at .0009 sold today at .0011 Made $130.00 not bad..... you guys culd have dont the same thing
Posts: 1101 | From: Georgia | Registered: Apr 2006
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Oooh ! scary .. better sell ... Give me your shares . ![[Big Grin]](biggrin.gif)
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+ I usually only get on at home after a few (the wife don't want me in bed at that point anyways *if you know what I mean* shes tired at this time of the night.![[Wink]](wink.gif)
