Replies to post #12890 on Universal Express Inc fka USXP

[Derek8]

thats a fair question . . .

[puppydotcom]

virginian, nothing happens to usxp because usxp does not exist
any longer. The receiver is acting under court order. If there is an appeal, RA can have his day in court and his legal people will have to figure that issue out. No matter what happens in the future usxp is gone as a going concern. The Corp will expire and the stock will be revoked now the assets are sold. I'm not sure how they will deal with the 5 plus million in outstanding debt still due .. BK most likely
what other options are available?

now the lawyers and courts can fight it out ....

I for one - think its all over ....

we will see
imo

[wiffenproof]

What difference would it make, Virginian? USXP existed solely by dint of selling unregistered shares, and was not a going concern without those sales. The company is insolvent, and can be forced into involuntary bankruptcy by any of its creditors.

The company is dead. Live with it.

[needdiamonds]

Well 90% of all appeals lose. But if RA wins I would say we would be living in interesting times

[jking1999]

virginian: I'm not a lawyer, and I don't play one on TV, so I have limited ability to answer your question.

And you are aware that IMNSVHO, the scenario you put forward has no chance of happening.

The only thing I'm very sure of is that RA will have no legal recourse against either the local judge or the receiver.

Will he be able to sue to recover ownership of LE/VB and MadPackers? Possibly, but I don't know.

Sorry, I can't provide you with any answer you can find useful.