Universal Express Inc fka USXP

[jking1999]

puppydotcom: Apparently he claims he will be seeking a ruling by the Appeals Court that will stay the receivership and the contempt hearing.

Ain't gonna happen. He has no defense and nothing he can say to the appeals court that will have any meaning, if he actually goes through with the request. He had a chance to respond to the motions by the SEC for the receivership and contempt motions. He did file a motion that was supposedly in response to both SEC motions, but his contempt defense rested on claims that were already ruled as having no basis in law in the summary judgement, and the motion he filed didn't say squat about the receiver.

The receiver will be named, and RA will become moot.