The old management posted explicit lies. Go back and read the press releases starting in July of 2011. They are still on the website. Read them out loud. Read the "Final Draft Audit" one more time. We were scammed!!!!

I didn't say I was happy with what has/is transpiring. I'm down $140K. Again, lack of critical thinking... My displeasure is simply directed where it should be - with the criminals who ran this thing into the ice-berg, not the salvage crew who is trying to tow it back to shore!! Get your head on straight!!

I know what is happening. I've signed a confidentiality agreement. My thoughts are concrete. Yours are assumptions, hence the lack of critical thinking.

Duped them for what purpose? Toward what gain? What would be the motivation for shareholders to go through the laborious process of ousting the previous board and then according to you, make no attempt to revive the company? You do understand that the current board owns shares of Michelex, right? Likely a lot more shares than you.

Your posts are based from a perspective of ignorance and then magnified by your frustration. I sort of get it. However, you are making some wild assumptions without facts. There has been considerable work done to get things back on track. None of which is at a stage where the company could disclose. They are NOT going to break the law for your benefit.

Use some critical thinking skills here... It's allowed!!

Which competitors? I work in the rheumatology market. Please don't insult us... Were you at EULAR?

The price has been sub-$4 for a long, long time... I think they are just taking profits. However, they are going to wish they'd hung in there. This is going to $20. The PIII data for SLE will be released next year. I wouldn't be surprised if we are looking at a $40 stock. It's HGSI with a deeper pipeline...

The price has been sub-$4 for a long, long time... I think they are just taking profits. However, they are going to wish they'd hung in there. This is going to $20. The PIII data for SLE will be released next year. I wouldn't be surprised if we are looking at a $40 stock. It's HGSI with a deeper pipeline...

If you were playing this like a board game, this is something you would have been hoping for. The ability to come back and only be obligated to file two years of audits will be a huge savings of both time and money to a company which needs both!!

Now we just need to get current :)

Hopefully any potential partners have a vested interest in Michelex and need it to succeed. The delisting is a little spooky until you realize the long-term implication is ZERO as long as we get current and get re-listed.

For all intents and purposes the board should probably be a ghost town until things start happening. All the speculation and debate really doesn't help matters. You might want to take a break for a couple months and check in around July 1 :)

There are plans, but there will be no updates until things are solidified. You won't see "FINAL DRAFT AUDITS" and bogus announcements of acquisitions like the last group of knuckleheads.

There are things in the works. Stay patient... I'm anxious too! It's been a long, long haul for a lot of us. This BOD can get it done :)

People need to understand that we DO have someone working to make this company: legitimate, profitable and transparent.

Through this process, Michelex will likely come out in better standing and a clear runway!!

It's just as well :)

I have faith in Mr. Sawyer. This situation was inevitable, but it's not irreversible. I hope.

Someday we may look back and be glad it happened now versus after things really started to take off.

Please post the comment where Mr. Sawyer talked a "big game"...

Audits cost money. The company had no money. The company hadn't filed anything in 6-7 years. You should have offered to pay for the audits.

You have to remember that the current management had to prioritize its list of disasters to deal with. Which fire do you put out first? The debt? The lack of current filings? The lack of stability with the manufacturing facility? The assets used to put out any of these fires was non-existent, including a telephone. Finding a partner to create some room to breathe was a reasonable game-plan, however, not an overnight fix for all which ails MLXO...

Current management did not put us in this situation. Even the last group of scum bags didn't necessarily put us here. However, the group prior to Saleem definitely mismanaged this in a big way.

The newswires are waking up...

http://www.fiercepharma.com/story/dea-finally-acts-belviq-clearing-arena-diet-drugs-launch/2013-05-07

It depends on how you define "short-term". The Phase 3 results from the eprat lupus trials will blow this stock up. It's the only therapy to show benefit in Phase 2 (BENLYSTA did not). It will represent a major upgrade to the BENLYSTA dud... Rheumatologists already love B-cell depletion therapy. The anti-CD22 approach offers a deviation from the anti-CD20 approach.

EULAR is in June & ACR is in November... I would not be surprised to start seeing some of the data presented at these meetings... If you are not leveraged in, you may miss the window to really capitalize.

$10 is conservative for this stock over the next 12 months... $22-$25 is quite possible

A nice little windfall...

LOL!!

Foreshadowing?

OR MAYBE IT WILL GO TO $20/SHARE WITH A PR!!!!!!!

Any life here? I've been long on IMMU for years and I'm starting to get excited about the prospects for late 2013 and certainly 2014. Any thoughts?

cos = companies

Well, I would recommend that HSM pull his investment from Michelex and pour it into whatever Saleem has cooking. You can be assured he'll get the pumping and multiple PRs he's looking for...

Is any of this linked to another pink sheet or stock?

Just curious if he's pumping something...

Yes, I remember that posting very well. This is no coincidence. This man is a serial scam artist. He's at it again.

I hope the feds finally get their sh*t together and take care of this scum bag...

If I were the moderator, I would take every other posting down and leave this one for the next month.

Nothing more true has ever been posted here...

Bravo!! Imagine that... receiving useful information on a message board!! What a novel concept...

Thank you!!

Why didn't you pledge your shares? You seem to have an awful lot of discretionary time? If you had, your email address would have been captured and you'd be getting updates like the rest of us.

The reason this is not being posted as a press release is because this is not a press release. It's an update on the findings from the previous regime. It's not in a format consistent with a press release. There is over 200 pages of information.

If you REALLY want to get it, then email Sawyer and get on the list. You're a highly-successful businessman who "knows how to make money". However, you can't take the initiative to send an email and ask for something you want? How does that work?

If you actually think the report should be a press release, have you thought about contacting Michelex and discussing it with them? You're neither a leader or a follower. From what I can tell, you are simply a complainer.

It's a new year. Own it.

AGREED!!

Someone who gets it :)

There is hope for 2013...

I'm tapping out on this with you. I'm sorry you don't get it.

No. The report itself is simply a review of the fraud which has crushed this stock. However, what the report does signify is the resolve of our new management.

Things may be coming along slowly, but the attention to detail and understanding of the complexity of the situation is encouraging. It will take more of the same to find a way to profitability under Michelex.

HSM,

IT IS NOT GOING TO BE "PUBLISHED"!!!!!!!!!!!!!!!!!

READ THE ABOVE LINE OUT LOUD AND THEN READ IT AGAIN!!!!!!!!!!!!!

THE ONLY WAY YOU CAN GET A COPY IS FROM MICHELEX DIRECTLY. IT'S SEVERAL BIG FILES.

DO YOU UNDERSTAND?

Well, then I suggest you email Mr. Sawyer and ask to get on the email list.

He sent me a copy this morning to make sure the files were opening correctly. It's coming en masse to shareholders.

The report is very detailed and has many supporting documents. Part of the delay in getting it out was formatting issues with Adobe.

This the ideal time to be loading. I'm hoping things stay under a penny for a while.

BJF,

Welcome to this stock. Take HSM's posts with a grain of salt. He's prone to delusions, conjecture and excessive speculation. However, the company will be communicating with shareholders by mid-January with an update on how they are proceeding. The previous management did a number on Michelex. There is nothing but upside from here :)

Happy New Year to everyone!!

It's not a PR. It's going to be a communication to shareholders and other interested parties outlining what occurred with the previous regime. It will set the stage for the digging-out phase...

There is value here for sure... I'm guessing we're going to be attracting some new investors...

It's true. The degree of deceit from the previous group of directors is under-appreciated on this site. Fraud from top to bottom. The new group is not just building from ground zero, but from a profound deficit. As always, patience will be the key...

I'm heading into 2013 with nothing but optimism...

He's underground because, like myself, he signed a confidentiality agreement to review the past, present and future of MLXO and spending time on this website refuting ridiculous accusations is a waste of time.

The challenges are complicated and unfortunately, so are the solutions. Patience...

Who exactly are you doing to sue? And what do you hope to recover? The current shell has millions of debt and no assets. Saleem, Syed, Lacle and Dr. Shah all profited from the scam. Good luck!!