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Sabir Saleem is running more scams elsewhere. Sell your MLXO and go chasing his Press Releases. Good luck!!
This is not an organization. It's less than a volunteer fire department. They have NO money. They have MILLIONS in debt. Your local Girl Scout troop has more resources at it's disposal. What part of this are you not understanding? There is no Michelex office building. There are no full-time employees. There are no assets. There are no computers, bank accounts, file folders or even a staple remover.
This is not going to be turned around in year, or even two years. It may never be turned around. I'm down over $100,0000 after today's 44% plunge.
But these are honest men who have lost big money right along with each of you. And they are our only hope!!
Why is nobody complaining about Sabir Saleem, Midhat Syed, Dr. Shah and Albert Lacle? All of them conspired to defraud each and every one of us... If you're going to complain, those are the four scoundrels to complain about.
Cool :)
I'll be buying your shares. Cheers!!
LOL!!!
That's pretty good!!
Why are you wasting YOUR time here??? Again, the irony...
You're the second smartest guy on the board (after El Cheapo). Why can't you understand that the only information which matters is that which is materially relevant?
Maybe we're working off of two different definitions of transparent. I want materially relevant information which is reliable and accurate. What do you want? Speculation? SIGNATURES close deals. When the signatures occur, the updates will surely follow...
I suggest you start another shareholder removal process if you feel this strongly about the current BOD. You could work to reconstitute it yourself and save us all.
Your contribution will be much appreciated.
You have nine months to make progress, or we will be removing you and your BOD and moving onto the next...
I decided if I win the lottery, I am funding lawsuits against Sabir, Lacle, Syed and Dr. Shah... they better hope the company succeeds, or their liability continues...
There never was any money. That's the point. The new regime is working to create something from nothing - actually worse - from a significant financial hole.
I completely and totally agree. The comparisons of Mr. Sawyer to the previous group of complete scum bags is beyond insulting.
Only one person is fighting for this shell of a company with zero assets and millions in debt to remain a standing company. And the ONLY reason he is doing so is for SHAREHOLDERS.
They say you can judge the quality of a person by whom they align themselves with... I think this coupling speaks for itself.
Where to begin..
Who said the SEC will shut down MLXO on the 31st if the past filings have not been submitted? Please provide your evidence...
Why do you believe Venkat's trip would impact the "25 page thing" or the filings? Is he the author of the "25 page thing" or submitting the filings?
Can you name any other stock which trades unless someone wants to sell?
I think you are exaggerating. Again.
Thanks, Harr!! :)
It's quite possible you know everything there is to know at this point. When there is something materially relevant, I am quite confident we will be informed when it is signed, sealed and delivered.
LOL!!
That is the funniest post in the history of IHUB. The irony is epic :)
I think you just stated in your post the only materially relevant information they have at this point. Everything else would likely be premature. You have the option of selling if you are the point of giving up. Everyone has that option.
You also have the option of starting your own pink sheet stock without the anchors of debt and a history of scandal to slow you down. You could hire Horseshoeman to be your PR guy...
Let's keep our expectations realistic here...
Who is hyping this stock?
People are speculating based on hypotheticals, but nobody is pumping or hyping that I've seen...
Business Week article... This company is hemorrhaging...
http://www.businessweek.com/news/2012-07-09/rim-s-customers-working-on-contingency-plans-corporate-canada
Agreed... I remember the stock trading around $.008 range forever!!
However, I also remember it being above $.02 with no revenues.
Once we have a better idea of the execution plan with the ITA contracts and how some of this debt is going to be resolved, we should move quickly beyond the current levels and a penny is potentially right around the corner.
LOL!!
No, what would they put on it? Who would monitor it? The company currently has no paid employees and the "volunteer" BOD we have is busy with other priorities....
The company is in the process of being reborn. There is nothing but a legacy of failure, debt and deceit followed now by a glimmer of hope. IF we get financing and IF we can fulfill contracts we MIGHT be able to pay down substantial debt from previous dealings and this stock MIGHT have a chance if the SEC doesn't remove it from trading... IF we survive, Facebook is probably two years away...
Please name these companies and provide a description of what they do which is the same as what Michelex does. Very curious.
That sounds naughty!!
I hope everyone enjoys the 4th!!
The article is very optimistic, but doesn't address the erosion of business.
I don't know... The earnings/share are not getting any better and cash is evaporating. What is going to change?
Good point!
This will unfold in time. I'm very optimistic we're going to see a dramatic turnaround (with or without PRs) based on revenues from the existing contracts with ITA and finding a way to manage the existing liabilities...
Harr is correct. The overview of the debacle forged by the scum bags is 26 pages and counting.
Try emailing investor relations.
The same doubters were also among those who didn't participate in kicking the scum bags to the curb AND who said it couldn't be done... YAWN!!
I think it's likely they would re-work the agreement with Rutgers and get an extension. That is if MCET has the legs to get to that point. It's doubtful Rutgers has anyone else knocking on the door for this technology and they aren't commercializing it on their own, so MCET is still probably their best bet. However, MCET can't do this on their own either...
Who will partner with MCET???? That is the ONLY question that matters.
You are guessing.
Yawn.
Which time?
I've seen the deluge of PRs announcing all sorts of fluffy goodies... If the intent is to move the share price, it ain't working... Somebody needs to tell these folks it's about QUALITY not QUANTITY...
I do :)
In simple terms it indicates people are betting for the price to go down. Depending on the situation, it can pressure the stock down, however, sometimes if the price starts to run up, the shorts will scramble to cover and it can ignite a huge run up in the stock price.
If you are in this stock long term and you believe in the future of CBIS, then don't sweat it.
There is an algorithm they are using to determine the best day of the week. I've been studying this intently. Moon phases play a major role in addition to the coastal sea temperatures in New Zealand. I know it sounds funny, but don't be surprised is you see a Friday press release at some point. Or, possibly a Monday release. It's about a 60% chance that it will be Tuesday-Thursday, but not 100%. I hope this post is helpful to all of my fellow shareholders. I know I feel better.
The most likely scenario is No. 2.
The FDA is not interested in "me-too" drugs any longer. New therapies must meet an unmet medical need and be novel in nature.
Pharma companies need to fill their pipelines with multiple molecules in the hopes a couple will actually progress to a commercialized product.
An investment and parntership is most likely, but a buyout is not completely out of the question either - particularly at the going rate ;)
The presentation in Germany was not as advertised by the company AND if they really had something groundbreaking to announce, why go all the way to an obscure conference in Germany? The American Society of Clinical Oncology (ASCO) meeting was June 1-5 in Chicago. ASCO is THE premier medical conference for oncology. Where was MCET?
I see someone paying $.21. My sister thinks $.41. She says BIG PRs are coming!!!! Cure for cancer!!! It only takes one company to realize how awesome the cure for cancer would be. This could go to $1.00 per share easily!!
The downward spiral is clearly a sign of people loading up. Millions of shares are being bought - probably by insiders who know this will be a $2.00 stock by July. I've done some of my own research. Facebook needs something BIG to help their recent losses. What could be bigger than the cure for cancer? Now I'm thinking $3.00, cuz they have billions to spend.
Look for a Facebook buying MCET PR by the end of week... Or by next Tuesday, because a lot of times PRs come out on Tuesdays...
Yes, MLXO does have over $5M in contracts with ITA for delivery of meds to Russia... A little funding allowing the fulfillment of those orders and things will start to turn :)
Somebody is going to be rich!!
Hehe!!
Alright, well that makes more sense than somebody thinking they are going to announce a cure for cancer (and the price would only go to $.07/share if they did!!)
Thank you for clarifying...
I'm not trying to be confrontational, so please understand that. What you are saying is that the stock has cycles of ups and downs and you are just riding out this dip and counting on another spike?