Replies to post #8692 on Universal Express Inc fka USXP

[jking1999]

virginian: Lessors don't usually make a move on a lessee unless there is a significant arrears and the lessee is essentially doing nothing to rectify the situation.

Read the quote I provided again: The lessor contacted the SEC. Why did they do that? I have no idea.

Payment was due by today by USXP. Any eviction would take weeks if not months.

I tend to believe the SEC filing - Obviously it is something that RA could easily disprove, if the SEC was being less than truthful. Proving that the SEC was lying, and doing what RA has been claiming, which you seem to believe the SEC would do, would severely undermine the SEC's receivership and contempt motions.

RA has lost to the SEC already, and will lose on this one as well. As the SEC points out, correctly, the response filed by Gunderson to the receivership and contempt motions is filled with mostly arguments that the Judge already found were invalid in the Summary Judgement. Those arguments won't wash.

Sorry if I seem to be a bit harsher than normal, but I'm having a much harder time understanding how someone as intelligent as you obviously are still believe anything that RA and Gunderson say.

Good luck, you really are going to need it on this one.

[jking1999]

virginian: I went and looked at exhibit 2, which is a copy of the notice the lessor's attorney sent to RA about rent overdue. Such a notice is the first step in seeking eviction, IF RA hasn't paid the rent due by the end of today.

The attachment is a pdf of a scanned copy of that letter, so I can't convert it to text. If you have an e-mail address I can send it to, I can do that.

According to this letter, RA needs to pay them 33,155.95 by today.

[janice shell]

That poster was saying they were getting evicted ,so no he hasnt been proven to be correct.

Yes he has been. A "five-day notice" is an eviction notice.

http://www.illinois-attorney.com/5day.htm

[janice shell]

Why is the SEC contacting the lessors anyway and what did the SEC say to them?

To determine the company's financial situation, obviously.

...could they actually stoop low enough to call potential and standing clients to inform them as to the ongoing investigation and to "inadvertantly" scare them into not doing business with USXP as Altomare has stated?

Of course they would have talked to clients, if only to find out whether they really were clients. I'm sure the SEC knows the status of that airline "acquisition".

[callthebank]

That's the first time I have ever seen anything about the SEC worried about weather or not some one is behind on a payment of the building they are leasing. In any doc about this or any other company. Maybe they will bring it up to date and add it to the bill. Heck I would like to just have the money from the man hours and the paper spent on this alone, I see the last SEC another 12 pages of WHAT WAS THAT.