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FMR owned DVW too (another stock I own) and they just screwed the shareholders by selling out for $1.02 to a private equity fund.
Good post - I printed that one out for my INSM folder.
I am holding onto my 6 figure INSM investment because of all those facts but I sure hope Allan does not pull a reverse split on us. He DID do it on 7/31/00 http://online.wsj.com/public/quotes/main.html?type=djn&mod=mdc&symbol=INSM
ASTM DOES have very good prospects with the upcoming election and with the being a Pro Stem Cell president coming into office. A reverse split serves Management's needs, not shareholders.
that isn't that many shares - that is a drop in the bucket for institutions of that size
Catch that wave already Watson, before it is TOO LATE - Read This Now - you know what happened to Aastrom Biosciences (ASTM) - it looks like we are careening toward that foreboding reverse split road if he doesn't take the deal with Watson - and you know how Aastrom splattered when that was PR'd.
I post there still occasionally - I am just disgusted with how MOBL turned out when it seemed so promising. Maybe Jay will pull a rabbit out of a hat because when he was at Arizona State he worked side by side with Google executives.
smells like an ex naked shorter
Good Geron article in Money Times.
http://www.themoneytimes.com/articles/20070827/geron_indicates_potential_in_stem_cell_treatment_for_...
or listen to "Friends in Low Places" and replace Low with High because we have Senator Bennett on our side.
http://www.garyrog.50megs.com/midi1.html
Stockdoc - play
"Get A Job" midi here
http://www.garyrog.50megs.com/midi1.html
no one else wants your moderator job
just like they thought Edison was wrong when he invented the light bulb
Posted by: jbwins
In reply to: joani_de who wrote msg# 10849 Date:7/23/2007 4:30:32 PM
Post #of 10925
Joani De:
Say you are correct in this matter ... Which I am certain you are not. What has either side gained? ZERO. MOBL would still be OTCBB, therefore, Kite would still be OTCBB. No financing available. Who would finance MOBL with JW in charge? Cornell Capital? Why would anyone buy into that mess again. You need to rethink this thing.
GLTY,
JB
Senator Bennett addresses Naked Short Selling
MOBL had a ridiculous amount of NAKED SHORT SHARES when Jay took over MOBL.
Press Release Source: Universal Express, Inc.
Senator Bennett Speech Supports Universal Express on Naked Short Selling
Tuesday July 24, 11:36 am ET
NEW YORK, NY--(MARKET WIRE)--Jul 24, 2007 -- Universal Express Inc. (OTC BB:USXP.OB - News) today simply links Senator Bennett's speech on naked short selling and extracts some quotes from the speech and one from our General Counsel. The speech (find links below) and its content clarifies and vindicates the events of the past ten years and Universal Express' issues with the regulatory agency, the SEC.
Senator Bennett NSS Speech:
http://www.everyzing.com/viewMedia.jsp?i... pe=1&y=0&channel=41&x=0&e=7909995
ADVERTISEMENT
"The agency (SEC) has no mechanism to enforce the guidelines (of delivering stock purchased in three days)," Senator Bennett.
"He who sells what isn't his'n, must buy it back or go to prison," Senator Bennett.
"It is possible for you to keep shuffling around the electronic impulses (held at the DTCC) that represent the stock and never ever have to buy it back," Senator Bennett.
"So you can have a situation where people are selling shares that don't exist, taking commissions on the sale, and the profits of the sales, and never, ever have to produce the shares," Senator Bennett.
"I have been showed the stock trading of a company that has been out of business for 3 years, and the stock trades regularly every 13 days! The brokers are meeting SEC requirements -- they are delivering but the shares do not exist! The company was driven out of business by the short sellers who made it impossible for them to go to the capital markets," Senator Bennett.
"The words of Senator Bennett and his request for a Banking Commission hearing are the same as our Chairman for ten years. If ever the smoking gun was found, today was that day," said Chris Gunderson, Universal Express General Counsel.
"We have disappointment and anger at the behavior of the SEC and what it has allowed happen to our fine Company. They compounded their injustice by trying to silence and vilify those of us who for ten long years have been forced to play on an uneven field. When will the outrage of shareholders and men of integrity be heard towards an agency that denied this naked short selling existence and have tried to silence the Company responsible for naked short selling's exposure? Is it because the SEC cannot afford for the truth to be heard? America and Americans deserve leaders like Senator Bennett and CEO's like Mr. Richard A. Altomare who do not blink when they know their cause is just. That's the America we can find again. Shame on the SEC for their denial of this issue, and their treatment of the victims.
"We demand today an apology from the agency which has participated and been conflicted by this counterfeiting and abuse of power scheme!" concluded Mr. Gunderson.
For a printable version of Senator Bennett's speech, go to: http://bennett.senate.gov/press/record.c...
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.
Contact:
Contact:
Mark Falk
Universal Express, Inc.
561-367-6177
Email Contact
Invitro - a lot of these people that post on these boards are SHORT and they need to COVER in a reverse merger - thus the high level of hostility you will find.
Read the benefits of a reverse takeover in the example I just posted - it is much cheaper and faster than an IPO of Kite would have been. B B + T probably agreed to financing if it was done this way. The advantage to everyone is SHORTS ARE COVERED in a reverse takeover and OUTSTANDING SHARE NUMBER is reduced.
MOBL = the shell that the private company Gobility is going to reverse take over. This way Kite is IPO'd at a much cheaper and less time consuming way. Of course, as stated in the 8K, neither party is permitted to discuss it at this point. Remember Jerry Sullivan's family owns millions of shares of MOBL. It could be that Gobility had to have an temporary address until this process is completed (thus the home address which Gobility has right now). Seems pretty clear to me.
http://en.wikipedia.org/wiki/Reverse_merger
Muriel Siebert Reverse Merger
http://www.ipo-merge.com/murielsiebert.html
Say the reverse merger is 10:1 - if you had 100,000 shares of MOBL you would have 10,000 shares of Gobility.
right - did you read this over about reverse takeovers?
http://en.wikipedia.org/wiki/Reverse_merger
Wait and see what happens with Gobility - you will wish you held. B B + T is going to finance them and a reverse takeover is faster and cheaper than an IPO of Kite would have been. Jay can't talk right now about it - I don't know why only a few people can see what is going on.
Kite = Crown Jewel
I like what a poster on Yahoo said. Why sell Kite & Co. that we paid $20 million for and have sunk countless millions more into for the last two years to a small nobody company like Gobility for $2 million? Why - because Gobility was started by Jerry and his buddies for a pure play muni WIFI / WIMAX Co. leaving MOBL as the perfect public shell for a reverse merger with Gobility.
Look at what is happening to Clearwire!
(iT dropped a little today but it went way up yesterday).
CLWR NASDAQ 31.51 31.62 31.52 -1.78 -5.35% 600X300 32.46 31.31 515,849
Tom - I think everyone is just confused about what it going on. The main clues to a reverse takeover is the fact that
B B + T is in the 8K and Kite would have never been sold for that low a price.
Most people do not know Jay is a Merger and Acquistions lawyer. Another interesting fact is Jerry Sullivans' family owns millions of MOBL shares.
It all makes sense now - Jay was there to orchestrate the reverse takeover - when it is complete it will be Jerry Sullivan running Gobility.
The reverse takeover is much more cost effective and takes much less time than IPO'ing Kite would have. B,B+T seem to agree per the 8K.
Paesano - he is doing a reverse takeover with Gobility - capische?
actually my ex was the Italian - I am Swede and German
you'll see - it all ads up
The stock price is indicative of all those who do not understand how Reverse Takeovers work.
NBC5.com Virgo Horoscopes
Horoscopes For Today: 7/18/2007
Intellectually challenging things will make a lot of sense to you today, so it's a good day to readdress a project or book that has been vexing you. You'll find a great aptitude for understanding complicated ideas around philosophy, politics and economics. If you're being tested or challenged in any of these areas today, expect things to go very well. The dots are finally getting connected in your mind, and you can see how everything works together.
It is much CHEAPER and FASTER to do a reverse takeover than to IPO Kite and this is probably the only way B,B & T would agree to FINANCING.
Jay being a MERGER & ACQUISTIONS LAWYER MEANS A LOT.
There are a lot of hedge funds out there waiting for MOBL to crash and burn that will have to cover their shorts - it will be a beautiful thing.
Yes - Jay is a MERGER & ACQUISITIONS lawyer for gosh sakes.
Wright's experience also includes serving as an investment banker with Merrill Lynch and as a mergers and acquisitions attorney with Skadden, Arps, Slate, Meagher and Flom, LLP in New York and Foley & Lardner in Chicago.
Jay Wright received his Bachelor's degree in Business from Georgetown University (summa cum laude) and a JD degree from the University of Chicago Law School.
To me it's so obvious that a Reverse Takeover is going on - watch and learn.
It's not as if it's never been done before
Pegasus Wireless merged with OTC Wireless in a Reverse Takeover so that is what the deafening silence could be all about.
http://www.secinfo.com/d14zWx.31c.htm
So Jay's middle name is Orenthal?
What about the 30-day rule?
Invitro -
I am holding too - the only shares I have left are in my IRA and if I take a loss there there are no write-offs.
Your name reminds me of another stock I have VIAC (Viacell) - it has been doing pretty good lately. Low float - big potential with the upcoming election - along with my other holds ASTM and GERN.
Don't listen to Tubby Smith.
Remember B B + T info in the 8K. Hopefully Jay will come out with some type of information tomorrow so people don't start jumping out of buildings.
Tobin Smith isn't always right - he said to sell INSM too and it is probably going to partner with Amgen within the next six months.
I have Mainlander on Ignore - I gave my opinion on what is going on and I am sticking to it.
My opinion on Mainlander is that he has been shorting for God knows how long and he has an agenda.
Shorts, whether naked or not, will have to cover in a reverse merger.
Gobility being the new company would be like a Kite IPO with much less time and money involved. Plus I cannot believe that all those millions of MOBL naked shorts have already been covered from back before Jay took over. This could get very interesting.
Yes - to me it's pretty obvious that this is the route they are going because Gobility is a private company and Jay mentioned a Reverse Merger would be his first choice - and yes, losses can be written off in a Reverse Takeover and it takes much less money and time than an IPO.