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I didn't expect to see a 10Q yesterday, but it is troubling that they didn't bother to file an NT 10Q.
Bodes ill for the possibility that a 10K is actually going to show up by Friday.
NT 10-Q is out, meaning RA couldn't file on time.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0000909012%2D07%2D000819%2Etxt&FilePath....
Interestingly, although RA signed the form, he didn't state what his title is.
I just checked the last NT 10Q he sent in from 11/05, and he didn't provide a title in that one either.
gimp_vulture: French will be putting out the NT 10Q today (AH?). He never files a 10Q or 10K on time.
As long as French can continue to sell shares, he can continue to pull in a salary.
How much money will they be losing for the first quarter?
We'll find out soon enough. A week from tomorow, at the latest, for the next 10Q.
If they don't file, it will be pretty clear that they don't care what anyone thinks of them.
Good luck to you, and everyone else in this one, as well.
The 10Q or the NT 10Q is due Tuesday. Frankly, I'm pretty sure we aren't going to see either.
Hope I'm wrong, but I doubt it.
Kind of puts a damper on the idea that we have megamillions in VAT refunds coming.
I'd say good find, but it doesn't feel all that good at the moment...
Someone claimed to have been calling and getting the CFO's secretary. Last time he called he was told that the CFO was on vacation until Mid May.
Others have tried e-mails, no results.
I don't know if anyone has tried calling today, but I don't think they'll get any kind of answer from a secretary.
You got a trade, all of 20000 at .0001, or 2.00...
Wow - This AM I was wondering how long .08 was going to hold, and now .03 broke.
Yikes...
Waitedg: And will there be any good time to buy if these guys have decided there's no longer any reason to file financials? Or, the OTC BB is going to kick them off for violating the 3 late filings in 2 years or less?
What kind of a pps do you think this thing can have trading on the pinksheets as a company that provides no information at all, good, bad, or indifferent to its shareholders?
I'm holding 100000 (sold 55000 today) because 4000 or 0 isn't that big a difference to me. Maybe I'll be wrong.
Make that 3500 or 0.
Are you saying that Tricell is essentially in bankrupcy? If you are, then are shares are pretty much worthless...
I don't believe that either of those companies exist anymore. They have been totally absorbed by Tricell.
But I could be wrong.
Look's like panic selling has set in.
Threw another 500.00 at it at .05. Small sacrafice compared to what I'm already down.
Yep, and it doesn't look like we'll like what we find out, if we ever do.
Down over 35%, so far. Bad enough on my holding coming into today, but had a good-to-cancel for .071 in place for 10K shares, so down another 160.00 on top of it.
Make that over 40%...
At least one buyer is eating up alot of shares at .08. Don't know how much more he/they are willing to go for, but I don't think .08 will hold long this week without financials like soon.
Never mind - .07 is about to get taken out.
Only 17 days until the 10Q is due (counting the extension), for what that appears to be worth.
yellowdog1: It was a 60-day extension. Doesn't expire until mid-June.
Divine Madcat: Trades are typically broken up when no bids are available to take the whole trade. Breaking off a 75000 share trade makes little sense unless it is the last piece of the trade left.
But if you have been watching these weird little trades that make no sense to anyone at all you'll see that there are no other pieces of a larger trade that is getting broken up.
Don't know. Just weird. Maybe someone with a couple of bucks laying around who wanted to see his CKYS position go up 700%...
FastEddie777: There have been trades going off for weeks now that the total cost is 10.00 or less.
Nothing makes sense with this stock anymore.
barfrausa: It looks like there has been a marked increase in selling at .0006. Delayed level II shows two MMs left on Bid, 11 still on Ask.
Not that I know of. Don't know of anyone who has claimed to have gotten any at .0002 either.
Up on a 75,000 share (60.00 plus commission) trade...
Now up 700% - Ferrari or Jag?
virginian: Thanks for your comments. I try to point to facts, rather than use innuendo, and let the other person judge how those facts apply.
Though I have to admit, I have more fun poking at the people on the RB board...
virginian: I understand why he would be suing USXP and the auction house: to try and halt the auction. Now, will it turn out that he has any legal leg to stand on? I, like you, doubt it, but he may, if he has a very good lawyer, be able to put the whole thing on hold for awhile.
Stolen from another board:
Michael J. Jackson v Universal Express Inc.
TEMPORARY RESTRAINING ORDER GRANTED
Case 07-A-540238-B
Status ACTIVE
Plaintiff Jackson, Michael J
Attorney Gentile, Dominic P.
Defendant Universal Express Inc
Attorney ## Unknown ##
Judge Gonzalez, Elizabeth
Dept. 11
Filed Date 04/27/2007
Last Hear 04/27/2007
For MTN FOR TRO
Outcome GRANTED
Next Hear 05/15/2007 at 09:00 AM
For HEARING ON MTN FOR PRELIMINARY INJUNCTION
MJ has filed suit to try and stop the auction, at least stop the auction regarding some of his material:
http://www.hollywoodreporteresq.com/thresq/celebrity/article_display.jsp?vnu_content_id=1003578408
Divine Madcat: Sorry if you misread my tone. I was saying your stance makes sense.
It is info that anyone can get on their own if they really want to, so there really isn't any reason to risk crossing any lines you may not know exactly where they are drawn.
You're doing plenty by keeping everyone up to date on what is going on. If they need more info, they can get it.
Divine Madcat: Ok. Why go out on a limb when anyone who really wants to know can spend about 10 minutes and .16 to .24 to get the info for themself.
Makes sense.
Divine Madcat: What privacy concerns? The information is part of a publicly available court record, so it's hardly private as far as I can tell.
TIA...
Waitdg: There may be two problems. First, apparently this is the third time in less than 2 years that the stock has been late in filing (got an E): 5/05, 11/06, and now. This could be a problem because the OTC BB implemented a new rule sometime last year that apparently says that any company that is late three times within 2 years will be dropped from the OTC BB for at least 1 year. So, it is possible that they're already heading for the pinksheets and just haven't told us.
http://findarticles.com/p/articles/mi_qa3703/is_200604/ai_n17171346
Second, if they missed that bullet, they will get delisted if they fail to file soon. I believe May 15th or so.
Good luck to all of us on this one.
ragsisme: Anyone who bought in after the SEC halt will not have any chance of recovering anything from thoses shares. The halt would be sufficient warning as to remove that time frame from any period of time considered for restitution.
I do not have private message abilities. My answer to your question is no.
If you want to verify the info for yourself, you can use the instructions I provided TigerAce in the following post to go out and access the judgement pdf from the court's docket report:
http://www.investorshub.com/boards/read_msg.asp?message_id=19172956
TigerAce: The judgement is filed as part of the court records. You can spend less than 2.00 (which you'll never get charged for unless your tab exceeds 10.00) using PACER to access the records for Universal Express for the NY southern court.
Go to PACER and create an account:
http://pacer.psc.uscourts.gov/
After you do, or login, click Civil under Search.
Select Southern under the New York listing for Region.
Type Universal Express as the Party Name, and click Search.
Click the Case number (1:2004cv02322) for the first listing.
Click Docket Report.
Click Run Report.
Read the PDF for the judgement (179 link) for this entry:
03/08/2007 179 FINAL JUDGMENT # 07,0605 in favor of U.S. Securities and Exchange Commission against Universal Express, Inc. in the amount of $ 21,906,483.00; Richard A. Altomare in the amount of $ 3,121,123; against Chris G. Gunderson in the amount of $ 794,711.00. (Signed by Judge Gerard E. Lynch on 3/8/07) (Attachments: # 1 notice of right to appeal)(ml) (Entered: 04/02/2007)
You can also read the pdf (176) for the 3/13 entry for where the judge rejected RA's appeal of the judgement.
Your evidence is there. You just have to be willing to actually go and look at it.
tomvlasic: You do not need to hold your shares. Class action or other restitutions are based on who was harmed during a particular period of time, not who owns stock now.
virginian: The following is a link to the SEC complaint as shown on the SEC website:
http://www.sec.gov/litigation/complaints/comp18636.htm
For more info about the case, including pdf copies of court documents, like RA's deposition, you can go to the following site. It has virtually every document you could possibley want to look at which would cost you money to get from PACER.
http://www.duediligencenet.com/
Once there, click Analysis in the left-hand list, then click Universal Express, third company listed.
Mighty: The SEC is unlikely to take further action, unless the justice department doesn't step up to the plate. Like you, I don't see how RA is going to avoid criminal charges relating not only to the SEC charges, but to everything he's done since March of '04.
I'll be one of the first to wish whatever part of USXP can actually survive well, as soon as RA is gone (as long as his predecessor isn't an RA lackey), that that time is coming.