Replies to post #8756 on Universal Express Inc fka USXP

[PremierStocks]

depends..receivership it should still trade..however this is complete INSOLVENCY!!!!
NO business, no assetts, no cash on hand, no receivables, loads of payables INSOLVENCY

[puppydotcom]

Receivership will not effect the trading at first. The receiver will not sell shares to pay operating cost or salaries – they will analyze the company and decide if its financially sound to continue - if not the receiver will declare bankruptcy.