This is odd, according to that 10k, he only owns 45% of the company.

And I'm not trolling. I was in QBID when it went from .0020 to .0017 after the one PR we were all waiting for (the deal with Time Warner in Maine) came out. Something like 2 billion in volume that day and we reached new LOWs that day. Smelt so fishy I took it upon myself to learn how toxic financing worked.

GZFX could be different. At least they are on the OTCBB, after all. Not knocking it for that, but sometimes huge deals like this aren't really as huge as they seem.

In hindsight, I wish I would have sold every penny stock I ever owned at %10 gains rather than being a bagholder hoping for a %50 or more. Oh well.

Yeah, GZFX with Circuit City is about as big as QBID was with Time Warner. Oh wait. Err.. yeah... That one worked out *REAL* well.

I agree, this could be GREAT news, but why aren't they reporting? Can I still call you sometime? I'm busy today, but I'd be willing to talk about this reasonably if the offer is still on the table.

I'm very upset MLXO is not reporting, why did they release a PR before they got back to reporting with the SEC? Why didn't they just do it? Why did they PR doing it?

To see who is going to be gullible enough to buy at that. One of the tactics of toxic financiers is they have to be able to control the MMs into getting the price to skyrocket. So, for the ten days prior to the convertible transaction (as listed in the 2-21 SEC filing) they increase the PPS manually by manipulating the ask to only go higher.

They'll even buy a few shares at that higher price so that they can sell a little to the legitimate buyers that see the PPS increasing and feel obligated to buy. All the while, they'll keep it going as if there is massive increase in volume, but in reality they are just buying 10k for every 100k they sell as it increases.

The only thing the MMs are obligated to do in a toxic financing scam is get the PPS to go up and short massively the day after the increase for the hedge fund or toxic finacier.

The toxic financier only has to get the legit shares from the CEO's treasury stock (authorized shares minus restricted shares and the float)

The CEO only has to increase the authorized shares. So when the authorized shares increase from say, 100 million to 1 billion, the CEO's 53% ownership of 53 million now goes to 530 million, yet the shareholder that owned 100,000 still only owns 100,000.

In percentages - when there's a tenfold increase in authorized shares, your percent ownership is divided by 10. So if you owned 1% of the company before, you now own .1%

The only way you'll actually own more is if the CEO legitimately buys back shares and lowers the authorized share count.

Spoken like a true pumper.

Pray tell, how many shares do you actually own? Again, I'm happy to report I own 12,000+. Why are you so quiet about how many you own, yet chiding me for not really owning any? Do my comments as a valid and legitimate investor bother your pumping facade? If so, please email me: g-invest AT gravito dot-com.

Then delete it. I didn't say MLXO was a scam. I'm saying that it's acting like a scamming little pink. Was QBID a scam? Was PLNI? Is GZFX?

Which ones are the scams and which ones aren't and why?

The link to my post on toxic financing actually defines it, what work or due dilligence have you done to determine whats a scam and what isn't? I'm interested.

How many shares do you own? I own 12,000+. I'm happy to report how many I own, why aren't you telling us how many you own? Could it be because you don't actually own any?

Agreed. Commander is not owned by Cornell:
http://edgar.sec.gov/Archives/edgar/data/1084263/000101041206000041/0001010412-06-000041.txt

"The Company has negotiated a Convertible Debenture in the principal amount of $3 million, and bearing interest at the rate of 10% per annum, in favor of Commander Smallcap Holdings Limited, a British Virgin Islands corporation ("Commander"). The Company has not yet executed the Convertible Debenture, but expects to execute it in the near future."

The unpaid principal amount of the Convertible Debenture will be convertible into shares of the Company's common stock at the lesser of:

* 120% of the lowest closing bid price of our common stock in the 10 trading days immediately preceding the date of escrow closing; or

* 80% of the lowest closing bid price of our common stock in the five trading days preceding the date of conversion.

Check with the transfer agent, find out if he's gagged yet. If he's not, he soon will be as they have to gag him in order to dilute to all get-out to pay off Commander for shorting their shares on the 15th.

PROVE it, then. Send me one link, hell, send me any verifiable source that states Commander is owned by Cornell.

TO WHOM IT MAY CONCERN:
COMMANDER CAPITAL is not CORNELL. In fact, commander capital is a virtual unknown, and is almost certainly a toxic financing firm that buys treasury stock directly from the CEO while shorting to you, the average investor. It's all detailed in my signature link: the whole scam.

MLXO might not be being toxically financed, but we need to keep checking with the transfer agent to determine that.

This is the part I dont't understand:
Michelex Corp. (Other OTC:MLXO.PK)

Why is this still on the Pink Sheets? This is where SCAMS are. So why is MLXO here?

How can I be a "basher" if I own shares?

I want to see this thing increase in PPS too. But not like a scamming little Pink, like a legit stock, by reporting again. If they aren't reporting, why they hell are we investing in them?

excuse me? I have never had a duplicate account on HSM, Allstocks or iHub. NEVER. Not once. Unlike everyone else, I actually put money into this stock. No one here ever talks about their position in this. Mine's 12,500, what's yours?

Finally someone with some sense. Yes, he has the perfect opportunity to screw the investors here. If he's PR'ing without REPORTING, he's almost certainly diluting on investors.

They just got approved to dilute a crap ton of shares, why *WOULDN'T* he dilute at this point?

Paid pumpers would be telling you to buy this stock right now.

http://hort.net/+139n

See that BILLION in trading on Wednesday at 1:00pm. Notice how it didn't even reach .0002 in a BILLION? Those were all sells at .0001 to some chump.

Trust me, if I really want to buy at .0001, it's as simple as putting in an order to buy at .0001. There's so much toxic financing in this thing, when it reverse splits it'll fall faster than probably any other pink sheet stock before it.

This isn't shorting, this is toxic financing. Check with the transfer agent here in a few days. If he's gagged, we're fscked.

Check out this chart:
http://tinyurl.com/z2bzj

See how none of the high volume trades END the 15 minute window of trading on .0001 and not .0002? That means there are far more trades going through at .0001 than .0002. Have you bothered to stop and ask yourself where all these sellers are coming from that are selling at .0001?

Here's a novel idea, try to sell half of your shares at .0002 right now. You won't be losing anything, and after all, if it's going to be taking off to .0003 *next week* or whenever it is you say it is, then people should be just begging to buy your shares at .0002, right?

When the trade actually goes through 3 months from now or later, you'll thank me for pointing this out to you today.

Thank you for saying you actually read it. The answer to your question is no, this will reverse split before it'll run to .035. If you take a look at the 2 year chart, you'll see that it's only fallen. In fact, it's seen far more volume in the past and not risen one inkling as this chart shows:
http://tinyurl.com/ejf7d

After the reverse-split and this falls to .0001, it'll be a good one again.

Good luck to those of you adding. Far too risky an option for me, but I still wish you luck.

Did you actually click on the link and read it? It's pretty straightforward and simple to understand. I'm spreading a very simple and safe message to legitimate investors. SMMW is a shining example of a stock that is going nowhere due to toxic financing. GFYD is another, one I got scammed into. Is it any surprise that I'm now out warning people about the dangers of investing in Pink Sheet stocks?

What spam? I'm an investor. What are you? Hell, I don't even have google ads on the blog. Good try, I guess. I'd have some serious concerns with this forum's management if they thought my contribution based on research and four years of investing in bottom feeders (penny stocks) was spam.

Yup, check the link below in my signature for how the process works. It's toxic financing, and nearly every penny does it. If you're invested in PLNI, GZFX, and countless other pennies, you're in various stages of the scam.

Says the new CEO? Did he actually say that?

IT will go up, check back with the T/A in about 15 business days.

Via toxic financing, the new authorized share increase doesn't have to be reported for up to like 15 trading days (possibly more) after the shorting on the MM/Toxic financier side begins. It's how QBID got away with it.

Well, this might be a new base, we'll have to see how it pans out, though. The reason why I said that Friday is because American Bulls posted a Sell-Confirmed. That means no buying interest, so whoever the big guns is that was selling Wednesday, Thursday, and part of the day Friday had to stop and isn't selling into today. My suspicions are that is because the toxic financier can't sell the PPS down abnormally far as per the SEC filing for the financing. Commander Capital (whoever they are, they don't have any webpages online) being the toxic financier.

My assumption is that they were hoping people would buy the line of "we're going to be reporting with the SEC soon". My guess is also there are people posting here (and other forums) who will be claiming they've spoken with the CEO when they have not. The few that do speak to him he'll have to be concerned are folks like me, that are aware of the volatility of this stock now that it is on the Pinks, and are only invested because we are hoping to see that quarterly posted on Edgar soon. The CEO can release PR after PR, host conference call after conference call, I'm not buying till I see the financials. Right now, odds are very high we will never be reporting again. I would put it at about %90 certainity. It's up to the CEO to prove me wrong. I'll sell the second the authorized shares increases. I would encourage the rest of you to do the same.

I'm also a little surprised the PR last week addressed specific things I stated about toxic financing. The following is a list of things Pinks will PR in order to inflate their PPS:
1) Announce they have little or no debt
2) Announce they are or have bought back shares (they aren't legally obligated to have actually done so)
3) Announce a forward split
4) Annonunce they are or have retired shares (they aren't legally obligated to have actually done so)
5) Announce they are issuing warrants.

What real companies do:
1) Increase revenues/profits and report it
2) Cuts expenses/losses and report it
3) Buy back shares and report it
4) Forward split and report it
5) Retire shares and report it

We'll have to see which of those MLXO does more of in the next year.

Have they posted anything about the inevitable reverse-split yet? 10,000 to one maybe? I'll be interested in this again afterwards.

Monday should be interesting.

Well, I didn't sell MLXO. :)

I'm an investor, not a gambler or trader. I invested in Michelex, averaged down (about a year ago) and yesterday I could have sold for a 400 dollar profit. But I didn't, because I don't like these crazy flips. I want to see some smart growth, and it's not smart to say "we're going to be reporting" and not just reporting.

My comments were somewhat taken out of context for the "banned" part.

That was in reference to the 8 months of contribution I made to the QBID forum, as I followed the stock from it's last-legs run from .0020 to .0055 all the way back down to .0001. I sold on the way down but stuck around to encourage others to get out while they could.

In the end I was banned (I can only assume) for accusing one of the moderators as being privy to which posters were posting and reading from QTV's offices, and not telling the other forum posters about it.

I still defend my accusations and can and will provide logs of pumping done by posters on AllStocks forums for QBID.

Can I ask why you (given your job) were reading this forum today anyway? Just curious.

I'll promise to sell on the next run and quit complaining. Gotta hit .09 again though.

I'll be here, I'll still be a shareholder, and I'll eat crow if you're right.

I doubt it though. CEO's can lie through their teeth to you, the investor on a private call, but they can't lie in:

1) Reports to the SEC
2) PR's
3) Investor conference calls (not 100% certain about this one though)

I finally realized just how little you've actually been paying attention to this stock. Cornell covered their short position in October. It doesn't matter that a cease and desist has been issued, they are already out. The damage from them has been done. Now, the problem is that MLXO is not reporting.

Cornell is out of this entirely, they no longer hold a short position in Michelex. If you have evidence that they still hold a short position in this, please, by all means, send me the link to it.

Only companies that are on the Reg. SHO list have uncovered short positions:
http://www.nasdaqtrader.com/aspx/regsho.aspx

What I am saying is that there is a new financier that the CEO is using for toxic financing. This is COMPLETELY seperate from the whole PIPE financing and naked shorting that Cornell was involved in. It is its own animal, it involves shorting, and then it involves the CEO willingly increasing the authorized share count afterwards to give the shorter their shares at predetermined financing levels.

The financier this time around will be compensated for the boosting of the PPS artificially and then shorting it back down by being able to buy shares for $0.0108/share. If you could buy MLXO, right now, for .0108 per share, what would you immediately do after buying it for that price?

I sure know I'd be selling. Which is why we're seeing the amount of shorting that we are.

I'm not talking about the money I've lost on this when I say 2 grand (that's from QBID, toxic financiers bounce around, and I have reason to believe the same toxic financier is now working on MLXO). It made it back up to a point where I was breakeven on the 14th, and I could have even sold yesterday at breakeven or higher. I also had someone I knew get into this simply because of the convertible deal as listed to the SEC. It's common knowledge that when a company raises its authorized shares, it is doing so simply for the benefit of selling shares to its stockholders so that it can get more financing.

Where MLXO went wrong (in my book) is when they decided to take this new kind of dilution financing to shareholders without reporting. There are plenty of legitimate companies that are at least reporting to the SEC when they screw over their shareholders. Those companies may be scum, but this is horrific as a shareholder to know that the CEO is perfectly calm and rational about diluting ala toxic finacing to his shareholders and then not releasing sharecounts via SEC reports. The likes of people who do this are the Urban Casavants, the Frank Olsens, the Jim Tureks, etc. Now we probably have a new name to add to the list.

Tom can of course prove me wrong. He could, for example, start filing reports to the SEC again. Is that too much to ask? Is it really?

Okay I take that back about the new SEC/Law counsel help, they look legit. We'll see about getting listed again. It won't happen this year thanks to the PR.

READ THIS:
http://edgar.sec.gov/Archives/edgar/data/1084263/000101041206000041/0001010412-06-000041.txt

Pay specific attention to this part:
------------------------------------
The unpaid principal amount of the Convertible Debenture will be convertible into shares of the Company's common stock at the lesser of:

* 120% of the lowest closing bid price of our common stock in the 10 trading days immediately preceding the date of escrow closing; or

* 80% of the lowest closing bid price of our common stock in the five trading days preceding the date of conversion.
------------------------------------

So what does that mean? Well, if you know how toxic financing works, you know the authorized shares don't increase till the financier needs the shares to "pay back" all the shorting he/she did.

So assume the escrow closing date was the 15th, when it fell as much as it increased. The lowest closing price for the 10 days preceding was .0090 or so. Evidenced here:

03/02/2006 - .0090
03/03/2006 - .0090
03/06/2006 - .0110
03/07/2006 - .0110
03/08/2006 - .0170
03/09/2006 - .0190
03/10/2006 - .0250
03/13/2006 - .04
03/14/2006 - .08
03/15/2006 - .045
03/16/2006 - ?

That means 120% of .0090 or .0108, is how much the toxic financier is getting his shares for that he shorted to all of you. Doesn't that bother you?

Don't believe me? Call the T/A on March 28th! See how many shares are authorized then.

You mean like QBID was working on reporting again?

You don't *say* you're going to get reporting again, you just *do* it and then talk about it later. The only reasons to *say* you're going to go reporting again is to dilute ala toxic financing.

If they release a 10k or Q then I will be wrong and I'll eat crow, but I assure you that you will not find an example of a company that says it is going to start reporting again actually start reporting again in less than a year. By stating that they hope to, they are ensuring a year of optimistic PRs with no real guarantee of financing. Depending on how many shares have already been diluted via the toxic financing, this might actually be worth less than .0050.

The current spiral downward suggests there are no limits to how far this will fall. I feel horrible for those of you who bought into the hype, but rising on no PR should have been the first sign of manipulation. I expect that future PRs will simply lower the PPS as this one has.

Also, I'm still waiting for an email from whoever is the toxic financier or the CEO. g-invest AT gravito-DOT-com, all I want is my 2 grand back; get the PPS back up legitimately and without scamming your shareholders and we'll love you for it.

If they weren't dumping new shares, why'd they raise the authorized share count?

Good pointing that out!

But note:
CTUM Consortium Service Mnmt Group (OTC BB)

See that "OTC BB". Yeah, see, when a company is ACTUALLY REPORTING, it's a lot harder for them to be a scam.

MLXO and its CEO refuse to report, so they are likely a scam. It's just how it works. You don't release a PR saying you're going to be reporting unless you really have no intention of reporting ever again. If they were really going to report, they'd buy up shares and do it quietly without announcing it till after it was done.

So why do I have money invested in this if it's likely a scam? Because a small part of me imagines they are going to actually turn this around based on my comments and start reporting. We'll see.

You expect me to "believe" the CEO of a Pink Sheet company that is not reporting and has no intentions of reporting despite what they PR?

How many times have you seen a Pink Sheet say they were going to start reporting? How many times *AFTER* PRing that they were going to start reporting did they actually start?

I've got your answer, zero.

If they were planning on *buying* shares, they'd be PRing nothing. Since they are planning on *selling* shares, they are PRing like madmen. We'll see more and more PRs as time goes on too, it's how the toxic financing scam works!

BTW, I can't find Commander Capital anywhere on Google:
http://www.google.com/search?hl=en&lr=&q=%22Commander+Capital%22

Boy I bet you feel bad for buying at .09. Probably as bad as I felt for buying 12k at .17 over a year ago or so.

Most companies only decide to change law firms after hitting the pinks when they start scamming investors via toxic financing.