Replies to post #16260 on Universal Express Inc fka USXP

[jking1999]

Three things are driving the buyers, all of which are bogus.

MJ collection: Actually, it was a Jackson's collection with only some MJ items. The best of those MJ items were returned to MJ by a Nevada court. What was left, RA attempted to auction off and got less than 800,000.00 in bids, of which many were never paid. Right now, two parties are countersuing each other in NJ about the ownership of what is left, neither of which is USXP. Both parties have offered to buy out whatever interest USXP has for 50,000.00. The receiver has stated in her last filing with the court that she'd be very happy to get that money.

700M in judgements against 'naked shorters': Never was against naked shorters, but against 3 guys involved in a failed financial arrangement with RA. Two of those guys are officially bankrupt, the other is living on social security. The reciever reports that Talbot, the lawyer who has been attempting to find any money towards this judgement has managed to collect over 700,000.00 in the many years since the judgement, but wound up keeping all of that money based on his commission and expenses. Talbot has given up any attempts to collect any money from two of the guys, but still hopes to get something out of the other.

RA interview: Apparently RA is once again trying to get in the public eye by doing another interview. People think he will be spreading the word about USPX's brilliant prospects in light of the other two issues.

So, these three things have risen back to the top in speculator's minds due to MJ's death, the SEC's recent comments about the existence of naked shorts, and RA's interview. That's what's driving it now. But the facts are these:

The SEC won it's case against RA, Gunderson, and USPX. That victory was upheld by the Second District Court of Appeals, and the appeal to the Supreme Court was denied. USXP has no operations, at all. There is no 700M waiting to be recovered from anyone, and USXP doesn't own any MJ stuff (in fact, RA claims ownership for himself, and not for USXP - he also claims ownership of whatever money is found of the 700M for himself).

Can it go up from here? Depends on how long this 'feeding frenzy' continues. It is possible, but at some point in time, the music will stop, and there'll be no chairs for anyone to sit in, thus everyone holding shares at that time will be out of luck.

Good luck.