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You, RA, and the other cheer leaders on this board need to stop blaming USXP's falling share price on MM's $ NSS
Virginiain, Why do think this companies share price keeps falling everday on this huge volume ?
It doesn't "piss me off". I hope USXP does rally, but I don't trust RA and after watching this company sell off 100's of millions of shares every day, my quess is they will find a way to once again to screw the shareholder.
Maybe USXP shareholders after they learn they have beed scamed by RA again
If you notice all the press story's on the MJ auction state the RA owns the collection.....not USXP. My quess is RA used USXP funds to by the MJ items and will sell for his benifit only
Mark my words, USXP shreholders will not see the price of this stock bounce more than 20% -30% from todays high in the coming weeks from this auction. RA has diluted this companies OS to the point where no real gains will be had.
If the proceeds from this auction really pull down 50-75 million, I am sure some problem or law suit will arise and once again USXP share holders will hold the bag.
USXP can trade a billion shares a day and it will never bounce as long as this dilution continues. As far as 50 million in revenue from the MJ auction...all is i can say is "dont count your chickens beofore they hatch" as RA is still the CEO
I have about 2 million shares that I bought last September
I quess we can ignore RA's lies about the middle East funding if he can pull off this aution
What happend to the Middle East funding RA talked about in January ?
How much did USXP pay for the MJ items ?
No, I think 2.00 per share is possible by the end of the year.I think you should buy more shares Virginian
I guess 10 million from the auction plus the Middle East funding will make this stock soar to 2.00 per share soon.
Please explain how their "game playing" can make buys look like sells
First of all keep in mind RA is the CEO and I know of nobody worst to handle that kind revenue asuming to MJ auction really brings in 50 million. USXP is only a couple quarters away from delisting
If you were smart you will wait until USXP drops to .0001 to buy more. I think this stock should be there by 7/1/07 and what is all this silly talk about a stock buy back ! LOL
Hey Virginian, please give me your target price for USXP:
30 days ?
90 days ?
180 days ?
1 year ?
That is a sexy chart my friend ! If you trade UCOI right, you can easly make 15% -25% flipping this stock...not recomended for a long tern investment however....Go UCOI !! Weeeeee
Death spiral financing is a process where convertible financing used to fund primarily small cap companies can be used against it in the marketplace to cause the company’s stock to fall dramatically and can lead to the company’s ultimate downfall.
Many small companies rely on selling convertible debt to large private investors (see Private investment in public equity) to fund their operations and growth. This convertible debt, often convertible preferred stock or convertible debentures, can be converted to the common stock of the issuing company often at steep discounts to the market value of the common stock. Under the typical “death spiral” scenario the holder of the convertible debt initially shorts the issuer’s common stock which often causes the stock price to decline at which time the debt holder converts some of the convertible debt to common shares with which he then covers his short position. The debt holder continues to sell short and cover with converted stock which along with selling by other shareholders alarmed by the falling price continually weakens the share price making the shares unattractive to new investors and can severely limit the company’s ability to obtain new financing if the need arises
Check out this photo of RA and his management team !
http://www.christyclown.com/2001clowns.html
I can wait until the next 10Q comes out ! I found this interesting in the 10Q you posted
As of June 30, 2006, the Company had advanced $906,000 to the spouse of the Chief Executive Officer, who is also an employee of the Company. These loans were advanced from 1999-2003, pursuant to the First Amended Plan of Reorganization of Packaging Plus Services, Inc., that the Reorganization Court approved in February 18, 1994 (the “Reorganization Plan”) and the Long Term Employment Agreement part of the Reorganization Plan, which authorized the Chief Executive Officer of the Company to receive loans from the Company. In 1999, at the recommendation of the Company’s then accountants, all future loans under the Reorganization Plan and Employment Agreement for the Chief Executive Officer were recorded in the name of his spouse. The Company feels that there is adequate security for the advances based on the relationship of the borrower to the Chief Executive Officer of the Company. The Company has not yet determined repayment terms of these advances.
THERE IS A GOOD REASON USXP IS TRADING AT .0007 PER SHARE AND ITS NOT THE FAULT OF NNS OR THE SEC..ITS RA
Hey Virginian, If you thinks this company is such a great value, lets say you buy my 250,000 share of USXP stock for 2.00 PPS in the pre market on Tuesay
OK....
1)MJ auction and the publicity associated with it especially if MJ sues to stop the sale.
NOTHING LIKE PR FOR BEING SUES BY THE KING OF POP
2)Usxp brand building at the national level.
TRUE, JUST LOOK AT THE SEC WEBSITE
3)Multiple advertisements in many sporting events. I've seen them so I know they exist.
MINOR LEAGUES WITH LITTLE IMPACT ON BOTTOM LINE..ASK THE SHAREHOLDERSGE
4)Airlines are moving in their direction.
REALLY, LIKE WHO ?
5)Closed door sessions with Saudi Royal family.
YEP, CLOSED DOOR MEETING WITH ZERO FUNDING TO DATE
6) RA is still CEO and he can sell sand to an Arab.
YEP, HE IS A GOOD CON MAN
7)1 million dollars worth of free advertisement if Jackson Sues.
USXP NEEDS PR'S ABOUT INCREASED REVENUE, NOT LAWSUITS
8) Jackson admits the collection worth about 50 million.
THE LAWAYERS ARE OVERSTATING THE VALUE TO MAXIMISE THE POSSIBLE JUDGEMENT
9) Potential Oil and Gas ventues to be finalized soon as per Money TV interview.
MORE LIES FROM RA, DOCUMENT THESE DEVELOPMENTS
10)NSS regs changing soon
NSS IS GOOD EXCUSE FOR DEATH SPIRAL FINANCING AND DILUTION
11)Multiple contracts signed
WITH WHO ?
12) The auction will go on and MJ will loose his case
TIME WILL TELL, BUT DONT COUNT YOUR CHICHENS BEFORE THEY HATCH
"If USXP doesnt own it one would think Universal Jet would be pissed it keeps professing that it does.I personally think they do own it"
Interesting statement Virginian ! You would think that as a stock holder of a public company you shouldent have to guess waht they own ! What about the Middle East funding the CEO mentioned a couple months ago ? Sounds like the same story RA had a few years ago when the SEC gave him a spanking for fraud.
Please give me 3 reasons this stock will turn round this year?
RA is a great CEO who will save the day with his middle east funding plans, Universal jet, and other big plans ! 2.00 PPS soon...weeeeeeeeeeeeeeeeee
It's not funny if you are a "Bag Holder" like me ! This company is suffering from dilution and our only hope is in RA's hands...we are all screwed !!!!!!!!!
Looking for a company with lots of drama ? Check out USXP ! This companies CEO and history would make a good story for your term paper
This explains USXP's PPS problem....
Death spiral financing is a process where convertible financing used to fund primarily small cap companies can be used against it in the marketplace to cause the company’s stock to fall dramatically and can lead to the company’s ultimate downfall.
Many small companies rely on selling convertible debt to large private investors (see Private investment in public equity) to fund their operations and growth. This convertible debt, often convertible preferred stock or convertible debentures, can be converted to the common stock of the issuing company often at steep discounts to the market value of the common stock. Under the typical “death spiral” scenario the holder of the convertible debt initially shorts the issuer’s common stock which often causes the stock price to decline at which time the debt holder converts some of the convertible debt to common shares with which he then covers his short position. The debt holder continues to sell short and cover with converted stock which along with selling by other shareholders alarmed by the falling price continually weakens the share price making the shares unattractive to new investors and can severely limit the company’s ability to obtain new financing if the need arises
Oh no ! Maybe UCOI's PR department should issue a press release with more photos of the Deer Trail constuction progress as damage control!
Please explain ?
We are climbing ! Bid.004 - Ask.0041 weeeeeeeeeeeeeeeeeeeeeeeeeeeeee
Thanks for the info. I use scottrade and subscribe to Microcap trader and really need real time level 2
We are out of the red....004
Where can I get free level 2 pricing ? I currently use otcbb.com, but they have a delay
Hmm..ask price is up to .004
OK, I am finished with the bashing of UCOI ! Next week me and my wife are going to the Deer Trail mine to help out and get things moving forward. I will post updates after I arive next tuesday
From the looks of the site its very small with minimal equipement and yet for months theve been releaseing these silly PR's with photos to show progress at the Deer Trail mine
I doubt they would tell you
WOW ! What a great PR...Im sure UCOI will rally now
I am BRGE...HAHHAHAHAHHA