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brokestocker

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brokestocker

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Thursday, 12/28/2006 11:46:26 AM

Thursday, December 28, 2006 11:46:26 AM

Post# of 18151
"Chairman Richard A. Altomare, predicted that should the Securities and Exchange Commission this month eliminate its "Grandfather Clause" protecting uncovered naked short positions, the Company's shares could substantially rise above its present per share price. The Chairman quoted the Company's General Counsel, Chris G. Gunderson, as follows: "I believe Universal Express' share price could rise far in excess of $2 per share if the SEC eliminates its Grandfather Clause from its Regulation SHO."

Does anyone know when we will find out if the SEC eliminates the "Grandfather Clause"?
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