Replies to post #16258 on Universal Express Inc fka USXP

[poundfoolish]

thanks for the info, but why is it trading heavy? It puzzles me.

[@-@]

The receiver has no authority to have the stock "revoked."

The receiver can dissolve the company, or the receiver can appoint new management.

A shareholder can ask the receiver to be appointed as officer and to be compensated with preferred shares for his services if said officer plans on rehabilitating the company.

If nothing like that happens, and he dissolves the company, it will trade as a zombie.