Janice according to the news put out by marketwire on june 25 2007. Usxp did sue the sec .
"Did Universal Express request Receivership to replace SEC management after we received a $700,000,000 judgment proving the existence of naked short selling and the awareness of the SEC's active participation in that illegal practice?" continued Mr. Altomare.
"A 'before the appeal' grandstanding Receivership request reveals the SEC's fear of our jury trial appeal. Our entitled jury trial will determine not only if USXP did anything worthy of such attention, but if the SEC's naked short selling cover-up resulted in causing this case in the first place. That jury trial will also determine if the SEC owes the $700,000,000 judgment and has over-regulated, profited from, or damaged other public companies.
and don't forget this part.
"For 17 years, Universal Express' filings were approved by the SEC. Yet, days after suing the SEC for its naked short selling policy our entire capitalization was attacked by the opposing litigant in our trial.
I am not saying RA does not lie.
I am not saying that he has not diluted the shit out of usxp
I am just saying that usxp is accusing The SEC of wrong doing and is asking the courts for a jury. Instead of getting a jury they are removing the ceo.
Why are so many SEC workers leaving? Because s h i t is about to hit the fan.
I am interested in usxp because I own shares why are you bashers still here? Do you own shares? If not what purpose do you have here. If you are here because you lost money from RA and just want to bash him thats fine. But if you are here because you are being paid to bash the company for the shorters then you can rot in hell with RA and Urban