Universal Express Inc fka USXP

[jking1999]

One other interesting piece of information in that article, RA clearly identifes his reporting of amortized deferred compensation as having nothing to do with deferred compensation, and everything to do with the sale of unregistered shares:

Of the $18.9 million net loss Universal Express had during that period, it booked $12.4 million in amortized deferred compensation due to issuing those securities.

Also:
Altomare said those capital-raising securities were filed with the SEC, but not approved by the agency. (Right, sure he did.)

http://www.bizjournals.com/southflorida/stories/2006/12/18/story4.html?page=2