Universal Express Inc fka USXP

[jking1999]

rolo731: Read the answer Bud Burrill provided in this response to a question from a USXP investor (you do know who Bud is, don't you and how close he has been in supporting RA?)

http://finance.groups.yahoo.com/group/usxp/message/17768

Bud...I understand you are more or less out of the loop from USXP at the persent time, but I wanted to revist some history with you, s'il vous plait...

Among companies that have claimed excessive naked shorting of their stock, I believe you have always spoken favorably of OSTK and USXP and not so favorably of CMKX, just t picking three. In the case of USXP, you have believed in Richard Altomare and his prolonged fight with the SEC relative to naked shorting, although you have always stated that you are not cognizant of the day-to-day running of the company and the hundreds of press releases put out by the CEO about funding, acquisitions, etc. Many of us, including myself, have high regard for you, your scholarship and your relentless fight for a just cause, thus my quandary of how you see things in the unfoldment of this particular stock and company.

As Richard himself said in one webcast, most folks either consider him to be "Sister Cabrini or Adolf Hitler". In other words, that is how much gap there is in people's surmisal of his character, depending on their own mental and psychological makeup or their exposure to him via their investment in the stock. I am not even including those gutless bashers here. Many of us are curious as to how you would explain the vast lack of transparency in all of Altomare's dealings over the past several years, especially w.r.t. his shareholders ? Who are the royal arabs and other not-so royal Dubai investors ? If they have purchased the entire float, why is this being kept such a secret ? Where are the filings of ownership if they own more than 5% of the outstanding stock ? Why did Richard mention in webcasts several times that the funds "are almost here" and never once did they reach their destination ? Why would the CEO
claim a collection of memorabilia of Michael Jackson and family
could fetch from 30 to 200 million when it later proved it was not even worth the money promised to the seller ? Why does the CEO repeatedly claim that the company has moved over 30 million bags to date without losing a single one when the reported revenues do not justify even 1% of that fantastic amount ? I could go on and on...

What I am getting at is perhaps there is a good answer to all of these apparent anomalies, but I would be damned if I can see it. Unfortunately, since you have always been a great supporter of Richard, some might question your motives in not challenging these rather blatant discrepencies, and therefore color oyur other yeoman like efforts over the past two decades, unless they can somehow resolve this conflict within themselves. I for one would love to hear what your explanation is on this subject. Thanks and best wishes..


Reply: This will come out in the wash of the appeal. The Receiver will have to be the one answering these questions now. She, as predicted, closed the doors, threw out the employees, changed the locks, and is now running an empty room.

As far as anyone coloring my efforts, I haven't been paid anything by USXP in nearly 2 years. I don't offer explanations or excuses to anyone. The Judge ignored the SEC's agreement to a jury trial on his own authority, saying a Jury couldn't understand the cases. Well, two juries and two judges already did.

I won't be commenting further, as I know nothing of the manner in which Ms. Moscowitz will see fit to discharge her duties. I expect her to lead the remains of the Company to de-registration and/or bankruptcy, either outcome meaning the shorts don't have to cover. The SEC will again protect the shorts.

I will be watching her actions, and I will reserve all my rights as a very significant unsecured creditor.