virginian: No stay has been issued. I think someone misinterpretted the last court docket entry:
MEMORANDUM OF LAW in Opposition re: 188 FIRST MOTION to Stay Proceedings Pending Appeal.. Document filed by U.S. Securities and Exchange Commission. (Hughes, Leslie) (Entered: 06/30/2007)
This is simply noting the SEC has filed a document opposing RA's request for a stay:
FIRST MOTION to Stay Proceedings Pending Appeal. Document filed by Universal Express, Inc., Richard A. Altomare, Chris G. Gunderson.(Tifford, Arthur) (Entered: 06/20/2007)
In both cases, the entries have to do with motions for and against a stay. The judge has yet to respond to the request for a stay.
