World Surveillance Group Inc (fka WSGI)

[STEVEN_D]

Justfrank, hold off on the delete button for a sec.

Have you guys heard of a company call Universal Express.
Ticker USXP
They are having issues with short sellers and the SEC.
From what I gather they are trying to sue the Florida SEC ?
"Universal Express sued the SEC in Florida. The SEC has attempted, in our opinion, to silence the messengers on the naked short selling issues. To-date, Universal Express and its officers remain optimistic and confident as to the progress and resolution of all matters."
http://www.usxp.com/secmemoinop.pdf

And it sounds as if they sued some unamed shorts as well?

Are the $700,000,000 Judgments Universal received from Naked Short Selers still collectable?
Universal Express stated repeatedly that the naked short selling judgments are substantially collectable. Whether it be the defendants, their bankers, their insurance companies or any regulatory agency that participated in the naked short selling scheme that has damaged and continues to weaken the core of American Industry – the developing and newly formed companies with new ideas and employee hiring's; Universal Express will prosecute with intensity to accomplish collection for our shareholders.

Has anyone heard of such a thing?
Maybe someone on the board has access to more info!

Steve D