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Did you say something? I was dozing...
1) There is a quantum difference between factual, relevant information that should be made available to shareholders and potential investors and 'publicity'/marketing.
2) In regards to disseminating information to shareholders (i.e., being transparent), Michelex has been acting like just another pinky.
3) It is a fallacy that a company has to choose between building a business and being transparent/providing relevant information to shareholders. They are not mutually exclusive. In fact, I would argue that both are needed in order to maximize shareholder value and market capitalization.
I'm not sure how the meme of Michelex devoting all of their resources to growing the business and thus being incapable of providing relevant information started, but I understand why so many bought into it. Following is a gross generalization, but there's at least a kernel of truth in it:
If you allow management to behave like management of a typical pinky, they will be quite happy to oblige you!
Personally, I want and expect Michelex to be different than a typical stinky-pinky and would hope that all non-day-traders would feel the same way and let management know when they are not meeting your expectations. Of course, if they won't communicate with you, that does pose a bit of problem. However, there does appear to be at least some recognition on mgt's part that they have dropped the ball in regards to providing information to shareholders and potential investors. Let's hope that continues, and if it doesn't, let them know.
Good. Let's hope it's good news and that mgt. is all on the same page.
Don't want it to fail, think it will go to triple zeros as I don't believe any news, especially good news, will be released over the next few weeks. Nothing would make me happier than for mgt. to get this turned around. Honestly, I don't know if mgt. will get this turned around, but I definitely will not sell at this time, at these prices. Not sure if I'd even buy more if it goes triple zeros, depends on volume, news/rumors, etc.
In the long-term, doesn't even matter if it does go to triple zeros. If it implodes, it will go there anyway. If they get things turned around and Michelex becomes successful, it won't matter if the share price cratered when mgt. was figuring out how to make the company successful.
I prefer to be cautious. I also don't like hyping stocks, especially when they don't merit it, as I don't want to mislead anyone. Sure, they should do their own DD, but I don't want to see anyone get burned based upon something I might have posted.
GLTA
Many people don't know what they are doing, or they 'drink the kool-aid' and believe the BS mgt. and hucksters promote or they just feel that 'everything will be alright' even when the facts show that things are not alright. Nothing wrong with hearing an opposing point of view.
I don't blame you for being disappointed/upset. Mgt's. performance has been pathetic, absolutely pathetic.
Hope you guys are correct. I remember tons of 'signal' trades that signified nothing but an attempt to prop the price up/paint the tape.
LOL.....911 shares at .0019 That 'signal' is really going to influence investors.
It will not run w/out news or manipulation.
Unfortunately, this could get real ugly before it gets better, if it gets better. I hope it gets better, but it sounds like a mess right now, and it appears the mess is mainly due to internal mgt. decisions, not market forces. Hard to be a successful company, let alone a start-up, let alone a start-up pinky, when mgt. is not on the same page.
All we can do is continue to ask for answers to some basic questions. If they can't, or won't, answer them, they should not expect support from their shareholders. Everyone's situation is different, so there's no right or wrong answer regarding whether to sell, hold, buy more if it falls, etc. Personally, doubt I'll sell, not sure if I'll purchase more even if it hits triple zeros.
GLTA
Of course I'm 'negative' in the short-term, who wouldn't be given what is going on, or not going on as the case may be. Long-term, there is still the possibility of good things happening, though the future is definitely not as bright as most thought, including me, earlier this year. Can MLXO still be wildly successful? Of course, but that is very doubtful unless things at the mgt. level change drastically.
I noted that rumors or manipulation could cause a run (a 'momo-run'), so there's no disagreement there. I don't see a run caused by shorts covering as the volume doesn't seem to be there. Also, just did a very quick check of the RegSho short list and didn't see anything.
Why in heck would I sell at these prices? Are people only supposed to post drivel or tout the company line (of course, in this case, there is no 'company line' as the company has gone incommunicado)? What is wrong with trying to be objective? So, please don't shoot the messenger, aim your fire towards NJ... I hope you make a ton of money off of your investment/gamble on MLXO. I hope to do the same, but I'm surely not spending any of it until it's safely in my account after having sold it...which I've always thought was a couple of years away, if ever.
Indeed, otherwise we will all have a lifetime supply of MLXO toilet paper.
GLTA
No way in heck it runs unless there's incredibly good news or rumors/manipulation.
No change in L2, same as posted earlier.
If clarification does not come for a couple of weeks, or months, people will sell and this will hit triple zeros.
In addition, it will hit triple zeros rapidly if information comes out that orders have dried up and PPC is going nowhere due to an internal 'impasse'.
If you get your trips, I hope it's b/c of the first option listed above, not the second one.
If you did not have any shares of Michelex and knew nothing about Michelex and were given a 'tip' to check it out, what would you think after calling the IR number and getting a disconnected message? What would you think after you did some research and discovered that the company put out some great PR's but never followed up on them? What would you think when you discovered that there is some sort of internal 'impasse'? My guess is that you would not be too impressed nor would you be purchasing any shares above triple zero's, if any at all. Just a hunch on my part.
Now, given that we know the back-story and have some history w/ Michelex, and given that we have money invested, we see things differently than someone who might just be coming aware of Michelex. For my part, Michelex has taken quite a few steps backwards this year. Do I think Michelex is doomed? Not necessarily, but my calculation of the probability that it will succeed is much lower than it used to be. Of course, that calculation is always being modified based upon the information that I have available.
I hope Michelex is very successful. However, I do not see that occurring unless there are some drastic changes in regards to how Michelex is being managed.
GLTA
Again, why buy at .002 given all the uncertainty with the possibility that this will be triple zero very soon.
Right now, Michelex seems to be in disarray. Will it implode, will it get it's act together? I have no idea. I do know that given the current situation the risk it too high for a buy-in price at .002 given the likelihood that triple zero's will be available soon if things do not change. JMHO
Not sure why anyone would be buying at .002, but I can understand someone trying to get out at .002
I'm not paniced, I'm frustrated w/ mgt's ineptitude.
If you are correct, 'dysfunctional' comes to mind and no amount of PR fluff will make things right. If Saleem has control and if Saleem is the problem, what recourse do we have? Not much, unfortunately. Hope you have a better answer for that question than I do...
If you are correct, the problems are much greater most of us imagined. Hard to be a successful start-up if the money-men strangle the infant company.
I think most want a company that is well-run, has a good cash flow and steady profits. Then, the share price will rise and it will be sustainable, rather than just a momo-run. I also believe most here realize this process will take 1-3 years. However, this is all dependent upon competent mgt. and many of us have serious questions regarding mgt's ability and their intentions.
IMHO, investors sticking their heads in the sand and hoping that everything works out is not not a good approach. But that's just my opinion.
Given the fragments of information that have been bandied about, I'm amazed we are not in triple zero's. However, IMHO, we will be there very shortly unless there is meaningful clarification of what is going on.
If that is the case, how does Saleem/MLXO make money? If PPC is not successful, how are revenues generated?
My guess is that Saleem is the 'money man', but that's just a guess.
At a minimum,
1) Mgt. should inform the investing public (MLXO is a public company, isn't it?) what their short-, intermediate- and long-range plans/goals are. This information should be posted on the websites and Michelex and PPC should have different plans/strategies.
2) Mgt.should inform the investing public how they plan to achieve those goals.
3) Mgt. should provide periodic updates regarding the progress that is being made in regards to achieving their stated goals. If things are going great, let us know. If things are not going as planned, it is even more important to let us know and inform us why and what they plan to do about it.
4) Mgt. needs to make sure that there is a process in place that makes it easy for shareholders and potential investors to receive information and for shareholders and potential investors to communicate with the company.
4) Ultimately, mgt. needs to have a transparent company that provides regular financial updates and submission of all appropriate forms to the SEC when due and an un-gagged TA.
PS...When I say 'inform the investing public', I mean publicly inform everyone via website updates and/or PR's (PR's to be used for 'news' regarding contracts/acquisitions/changes to share structure, etc.). Communicating with a few investors via phone or email is NOT 'Informing the investing public' .
MLXO was dead...Tom wanted to make money and he figured the best way to do that was to have someone else take over and run up the share price. My guess is that Tom G. still has plenty of shares.
One would think that he has better things to do than deal w/ retail investors. No one would be complaining, or at least not nearly as much, if they fulfilled their basic obligation of keeping shareholders informed of what was happening.
Oh,I forgot, he doesn't deal w/ retail investors. And he shouldn't. He should delegate that responsibility to someone else. My guess is that he doesn't want to do it, he doesn't think it is important and he's not going to pay for it (i.e., pay for someone, whether internally or externally, to handle IR)...or maybe they can't pay for it. Either way, it's not good.
My guess...he changes his number....I don't think he gives a rat's patootie what we think. He assumes that when (IF???) things get better, investors will come and if we don't like it, we can sell now and go pound sand. JMHO
Whoever bought at .02 must be trying to prop up the price...
If they were going to do a RS, it should have been done when the RM occurred. However, just b/c mgt. of a pinky says they will not do a RS does not mean that when circumstances change, they will not change their plans (and I'm not referring to a 'legitimate' use of a RS such as preparing for listing on an exchange). Given all that has gone on (e.g., disconnected phones, lack of updates/information, 'impasse' w/ Michelex, etc.) and their apparent disdain for retail investors, one can not be blamed for wondering... Having said that, a RS makes no sense at this time. Down the road, who knows; it is not an infrequent event w/ pinkies.
GLTA
Those who want triple zeros will get their wish w/in the next couple of weeks if mgt. stays silent, provides bad news or bad news leaks out. If you are a believer, you should be scraping up some spare change for 'cheapies'. IMHO, the only way this stays above triple zeros is if mgt. provides meaningful information that 'proves' they have not gotten themselves in a sticky wicket.
GLTA
PS...What 'proves' means, well, who knows...for some people a statement will be 'proof', for others, signed contracts that are verifiable. Doubt we get verifiable information at this stage of the game.