Charting
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We had to get the flippers out first, I think most of them are sold out by now, time to start moving back up now, IMO.
SIIX; I put my order for 17 in a while ago, never really thought it would get filled. But when I saw 18 getting hit, I tried to change my order to 16 and it filled seconds before I clicked send. LOL
Many of these blocks on the bid that look like sells are buy orders getting filled, someone is unloading shares though, I hope they are not convertibles??
I had a bid/buy at 17, just got filled.
I got filled at 17! unreal
betroni; Thats exactly what I have been saying (to myself LOL), after watching the T&S thats been going on since Fridays volatility, someone got caught on the short side, thats the risk they run when the stock gets hit by a multi-group play like that, along with the CD's being taken out of the picture for now, (So we've been told anyways), I hope it's the truth?
betroni post# 52963
Short covering is the name of the game. As soon as they're done, we're off to the races again
mikey; I don't see much selling buddy, take your 10-20% and buy a yacht! LOL, You will be crying in your cheap beer when this is over .01!
RTGV News out Convertible Debt overwith!
RTGV Broke 100 Day Moving Average!
Bagholders were created while the CD's were being sold into the float, and the so called "Bagholders", were only PAPER LOSSES if they held, Now that the CD's are overwith and the Institutional Selling Pressure, from the Toxic Financing is gone, the intrinsic Value will return, and if we get the excellent news that we have heard about, I think we will see the PPS go even higher than some think. But those who Loaded up in the 001's and 002's are the ones who are going to make out BIGTIME! Just my opinion though, do your own DD and research other stocks that had a Toxic note and see what happened when the Institutional Selling Pressure was gone.
One of my accounts is a TD and the Think or Swim software is great for L2 for Pinks. You have to download it, it has real time charting as well as in depth L2, and real time T&S. Scottrade has real time L2 Quotes for Pinks but not L2 unless you want to pay $10. Alphatrade is a good one for $40+ a month.
Nice News??? Much Better than Nice, No more CD's being dumped into the Float, that means the only selling pressure is Retail, "LIKE YOUR GROUP", and once your Flippers are gone, .01 is in our sights, good luck to you guys, we will buy your groups shares all day long.
NO MORE CONVERTIBLES! And someone is selling? They will be sorry soon. Idiots are selling at this price.
WOW! The PR Looks like the CD's are gone for at least 6 months??? Thats the best thing that could have happened for the PPS right now, if this is indeed true? Opinions anyone?
I hope the cash I wired in hits my account before the 2's are gone for good. It appears someone is picking up anything they can under 3?
We Broke the 100 Day MA Today, on Fri. we just touched it.
Ask is thin to .0049
There were a couple groups that hit this on Fri. I figured they would bail first thing this morn. We have good bid support though, so thats a good sign that were headed in the right direction, IMO.
Looks like the sellers are gone? Time to start moving back up, intraday aMACD turning positive again.
RTGV L2 Very Thin to .0062
RTGV Intraday Chart, MACD Turning up again going to run into the EOD, Next week will be huge.
My L2 is showing 2Mil shares available @16, only 5K @17, 3.1Mil @18, 1Mil @002, then jumps right up to 0027 with 3MM's with only 5K a piece, then straight to .01, this is mighty thin, and slim pickins right now and if we don't get another load of CD's dumped on us, I think this could be off to the races here? The chart is definitely primed.
cheep, I'm not about to get into that can of worms now, I don't have the time as well, I can send you a PM with some of the info in it and you can research the rest on your own and decide for yourself what makes more sense to you as far as Michelex is concerned, but no way am I going to open that can of worms now. I gave the hornets nest a little kick of the Truth back then and got slammed for it, and thats where it can stay.
cheep, I wouldn't go so far as to call it a "Dud", but has definitely let alot of people down as far as "Performance" goes and has become a Shell Stock basically, but I have traded many shell stocks and made money on them, and bought into some just before they were bought and reverse merged into, and you can make a ton of money like that, which is what happened here, but the problem with MLXO is the Board did not do much of anything that brought in any revs after the reverse merger (which was not a Typical Reverse Merger in the first place). But there is more going on here than meets the eye, which I posted a little bit about in late 2010/early 2011, but I decided to not post anymore of it publicly since too many posters here thought it was "Negative", even though there is alot of "Truth to it". But too many times people are only interested in seeing the stock go up, instead of the Truth, they think the Truth will scare away New Investors, but they don't realize that there isn't hardly any New Investors to scare off in the first place, and secondly and most important, if the Subject had been dealt with a year ago or more, this stock might not be where it's at today?? It might be well above .01?? But thats what happens when people don't want to hear the truth. I've said more than I should have already.
Dean; ..............I Am
way too busy doing research on so many companies that I really don't have time to police this thread anymore like I used to, and being that MLXO has basically been brought to the verge of being a Shell Stock again, as a trader I need to find Stocks that make money, which is what I spend my time doing. Myself and Family are still Invested here in the hopes that someday MLXO will maybe rise to a Level worth selling at, but "Wishful Thinking" doesn't make anyone money, but Research & DD on Stocks that move and are Volatile "Do Make Money", and thats where I spend 99% of my time. I still read this thread at least once a week, but you guys seem to have a better handle on the daily life here much more than I Am able to do, Personally I think 6 Moderators on a thread with only a handful of posters is Overkill, but whatever works I guess? This whole Michelex company and current Board of Directors has turned into a bad joke as well as a Circus and Frankly I'm so fed-up with the BS which is why I haven't been involved in the Dialogue here much at all. I do so much reading researching Companies, looking for Stocks worth Trading that I don't have time to post much at all. I've become the Silent Investor/Trader, I buy and sell many stocks and read the threads of those I'm trading and see people talking about action I'm a part of but don't know I'm even there, and I like it better that way. I hope we all recover losses here, GLTA.
Saw; Just my own opinion on what you posted concerning AJW and the filing with the State of Utah, where you said quote; "I do not know if the claim is legitimate".
My Opinion is, I really don't believe they could file something that was "Not Legit", with A State Government like this that is also "Public Information". Filing fraudulent Paperwork like this would have Serious Legal Ramifications that would not benefit AJW at all by filing something Fraudulent.
For one thing, the SEC Attorney for MLXO (Who was/is located in Salt Lake), would hang them out to dry, and secondly, when Companies file Fraudulent Documents, 99% of the time are doing so "ON PURPOSE", Knowingly. And the Reasons they file Fraudulent Documents, ("IN HOPES ON NEVER GETTING CAUGHT"), are almost Always for some sort of Monetary Gain, and Usually it's to either "HIDE DEBT FROM INVESTORS", to keep a Companies Stock from Crashing, a Cover-up basically, Enron ring a bell? Or it's done to make a Stocks Price go up, so the People Involved can Cash in, and I know you have heard of Numerous Companies/CEO's, or other Board Members, Getting caught doing things like this.
Bottom Line here, I Just can't see any reason, any monetary Benefit, Ill gained or otherwise, that AJW would get from filing a Fraudulent Document with the State of Utah? And being that it has been this long of a period of time since it was filed, if it had been a "Clerical Error", something like that is usually caught and fixed right away. Of course I may be wrong here, but I really doubt it, especially knowing that Former CEO Tom G. Did Indeed borrow the cash from NIR (AJW), in the first place, and as broke as the Company was, before he made the deal with Pristine, I just don't see how he could have possibly paid them off (NIR,AJW), especially when he has had Cornell (Highgate, Yorkville), Breathing down his neck, Getting and Selling Convertibles For Years until they Maxed out the A/S, with a Court Judgement in hand, and MLXO still owes Cornell/Yorkville Money from what I gather.
And to make matters even worse, A Investor/Trader (Whos I-Hub Alias I will not post), that I have known for years, who has been on this Board many times, and has been involved and Traded MLXO stock since 2005/2006, was the one (or his Family), who Borrowed Tom G. the $50 GRAND he needed for up front costs/fees, when he tried to get Several Million Dollar Loan, (Maybe it was $10-15 Mil? If I remember right?) in Financing from another Financial Shark, back in 2008/2009 I believe, and this Shark did absolutely Nothing, Except "TAKE THE $50 GRAND FROM TOM G. AND RUN OFF WITH THE CASH", (Which he had to Sue them to get it back I heard), My point is, that after Tom G got ripped for $50 Grand, he could not even Pay back the Money he owed to this Investor/Trader I know that Loaned it to him!!! They had to practically take him to court almost, before he finally paid them In Stock from what I heard, so they could finally get Reimbursed.
So given the Severe debt that MLXO has been in Prior to Pristine taking over, and debt that Appears to still be owed, I don't see how the Filings with Utah State could be Fraudulent? If anyone has any evidence showing otherwise? Please post it.
SAWDIN; I cannot think of any other reason as to why Cornell/Yorkville would still have an active outstanding debt owed from Michelex listed with the State of Utah? Since the A/S is maxed out, if Cornell was not able to get their all the money they say Michelex owes them from the Convertibles, then they would Legally still have an active outstanding debt. And I don't believe they can Force the Company to increase the A/S?
Ya know, My Opinion has always been, ever since I first got involved with Michelex back in Feb. 2005, was that if the SEC Really did their Job, and busted Cornell for the Rape and Pillage of these Small/Micor-Cap Companies that they have Plundered and Ran out of Business from their Illegal Short-Selling and Toxic Financing, Michelex would not owe them a Dime, and Michelex would be able to Sue them in Federal Court and recover Money that Cornell Stole from them by Short-selling their own clients and Lending their own clients their own Money that cornell got from Short sales.
Maybe someday we will get the right people in Congress to do a Congressional Investigation into this Toxic Financing and short selling practices and bring some justice to Wall Street instead of letting these Sharks get away with this Highway Robbery!
SAWDIN; My thoughts on the reason why we see Yorkville AKA/Cornell Capital, still listing Michelex as an active debtor, is that they Must not have been able to Collect the whole debt when they Maxed out the Authorized Number of shares, and they Cannot Force the Company to increase the A/S either. Which would also explain why the company is in dire straights financially without revenue. Without Increasing the A/S, they cannot get any Financing, and if they did increase the A/S, Cornell would be first in line with their Court Judgement in hand. I wonder if there is any way we could find out from the court where Cornell got their Judgement from, if there is a Debt still owing? I don't know if that would be Public Info or not? Normally it's not, but being that MLXO is Publicly traded, it might be Public info through the Freedom of information act?
Anyone know what & where the Court is that Cornell/Yorkville got the Judgement from?
SAWDIN; Just a thought here concerning your question, (Really Everyone's Question), As to "Why they Have NOT Released Any PR's/News"?
Thought #1. The fact that their Phone is Disconnected says something, they must be in somewhat of a Financial Pickle to not have their Phone turned on? I cannot think of one reason that A New Start-up Company would not have their phone on unless they just plain cannot afford it at the moment? Maybe they are trying to keep the Bills down to the absolute Minimum? I don't know? I'm just spitballing here on ideas. If they were Paying a Secretary to answer the phone, and do other office duties, maybe the secretary is "Laid-off"? As part of the plan to keep the Bills down?
#2. If they are indeed trying to keep the Bills down right now, and by the sounds of it, there is obviously something going on that is keeping them from Production and Shipments and bringing Revs in, well it doesn't take a Rocket Scientist to figure out that without "Revenue coming in", it gets mighty hard to pay the bills.
#3. If what I just said is indeed what is going on, well it's obvious then, if they are in a financial pickle, and are trying to keep the bills at the absolute minimum right now, and that is why the phone is off as well, then there is no way they are going to spend upwards of $2-3 Grand or more to release a PR, that is most likely not going to help their current situation?
Like I said, these are just some thoughts of mine on the discussions I've been reading.
Should be there now.
Not recently. Sent you a PM.
cheepo; I'd like to know exactly what evidence you have to support your statement, in the post of yours that I Am replying to, where you say MLXO is A Share Selling Venture? The Authorized and Outstanding Number of Shares has been "MAXED OUT" for the past couple years!!! (Well almost a couple anyways).
Tell us all here, Just Exactly; "HOW MICHELEX CAN BE SELLING SHARES, WHEN THEY CANNOT ISSUE ANY NEW SHARES TO BEGIN WITH"??? Just How are they Managing to do that?
Until the Authorized Number of Shares is INCREASED, MLXO "CANNOT" Issue one Single Share, Because they are Completely Maxed out. Furthermore, the MLXO Authorized & Outstanding Shares were "MAXED OUT BEFORE THIS NEW BOARD TOOK OVER", So Any Shares being sold, were already Issued by the Previous CEO/Board. They may have been Restricted, and the Restriction came off and became Free Trading Shares, but this New CEO/Board, Has not been able to Issue any New Shares since they took over.
So unless you have some NEW INFO, that none of us are aware of? Please stop posting "Misinformation".
Comp; Nice Article you found there. I've been reading up on alot of the changes that are coming to the Markets, I just wonder how many of the Scamming, Pink Sheet Shell Stocks, (that have no Business or Revenue, other than Issuing Shares until they are Maxed out, do a R/S, and start all over again), How Many of these Crooked People they are going to actually put out of business??? I'm sure many of them will just find some "Loophole" or a way around it, in order to keep Scamming the Market.
Personally, I think they should do away with Pink Sheets altogether, IMO, if a Company is not going to REPORT and BE TRANSPARENT, Then they should not be allowed to be Publicly Traded like thay have been, I think there should be a "MINIMAL AMOUNT OF REPORTING" That should be done by every Pink Sheet Company in order to be Publicly Traded, A Basic Minimum of Facts and Figures so the Crooked CEO's and Pink Sheet Boards cannot Fleece Investors like they have been able to do for so long. Thats just my opinion.
But on the other hand, Laws like Sarbanes/Oxley are Killing IPO's and Small Start-ups. While Laws like this may be good for the Larger Companies and their Transparency Issues, SOX has put such a "HEAVY FINANCIAL BURDEN" On the Small-Cap & Micro-Cap Stocks that it is Ruining the Basic Principles of Free Enterprise this country was built on. I think it needs to be Rewritten, maybe not for the Big Corporations, But Definitely for the Small & Micro-Caps. This Law should be changed to make the Financial burden on Small & Micros much less of an Expense, and Much easier for them to comply. This is one of the reasons why Companies like Michelex are Still Pink!!! The Huge Financial Expense of Complying with SOX. Most Small Companies & start-ups need that Cash to get their Business off the ground.
I heard a long time ago that............
The Former CEO had to give up half his holdings in MLXO for the deal to go down with the New Buyers, (New Board/Company). So hes still Involved, (approx. 25% shareholder Maybe?), but only as a Part Owner/Investor, now. Thats how I see it anyways.
The Dilution thats being talked about "HAPPENED A LONG TIME AGO" When the A/S was Maxed out, with the Float at 820Mil. What isn't known, is "How Many of these Convertible Debentures, HAVE BEEN SOLD"?
Shares that were issued to NIR as part of the Convertible Loan agreement that the former CEO had with them, Shares that were Restricted for a year when issued, (From what I was told anyways), and that Restriction Expired a long time ago. But that doesn't mean that NIR has sold all of their shares? They are already part of the Free Trading Float, because they are unrestricted Shares, as of a year from the date they were issued.
Bottom Line; "NO NEW DILUTION CAN HAPPEN UNLESS THE AUTHORIZED NUMBER OF SHARES IS INCREASED PRIOR TO ANY NEW SHARES BEING ISSUED".
And I believe that the Company may have to give notice to shareholders of record, if the A/S is going to be Increased, I'm not 100% sure if Pink Sheet stocks have to do that or not? I'd have to look that up, don't have time right now, maybe someone else can? Or maybe someone thats posts regularly here knows what the Rule for Pinks is on that one?
saw, I've been thinking of switching back to Alphatrade for L2 on Pinks, it's like $12 bux more, but seems to be more reliable than I-hubs Java system, sometimes it will refresh itself 3-4 times and the T&S will be duplicated 3 to 4 times in the same box, meaning it will be showing all the trades from the open onward, 3 to 4 times or more, all at the same time, then I have to click go again for every stock I have on the system, strange.
AON Orders always get put on the "Back Burner" when it comes to Pink Penny stocks, they rarely get filled.
Karbo, I sent my reply about NIR and Michelex, as a PM to you.
Deano, I think you have them mixed up with Cornell Capital, Cornell had a Court Ordered Judgment against Michelex, and thats who Dumped Convertibles until it hit the micro-sub floor, I believe NIR was issued Convertible shares that were Restricted, but they never sold them back then, the former CEO even said that NIR was the ones who brought the new owners to the table, so I'm sure they had this planned for a long time, they held their shares until the new board had control, then the games and manipulation began. Thats my opinion anyways. I'm not saying my opinion is right or wrong, or that yours is right or wrong. Time will tell, we need filings to get caught up and the relisting process to get started.
Someone on the board here sent me this, very interesting stuff, kind of backs up what I've been saying about the Manipulation going on here. NIR has it hands all over this stock.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61365089
http://dialog.newsedge.com/portal.asp?site=2007100814443105593225&searchfolderid=pg2007100814522209759333&block=default&related=off&action=sitetopics&mode=realtime&portlet=ep&criteria=%5Btopic%3DNACEO%3E300%5D&searchID=731189&datetime=%5Bt-minus%3D7%5D&hdlaction=story&storyid=%5Bstoryid=RjzTsUlQTM9limF9NhEBQCQYNNJkZ0WIEdstnQOWYINKOcK_MLJN9-U_v8ERurOUPwPLNDq7OKsi8EcDm-e6xQ**%5D&rtcrdata=on&epname=NACEO&
Thanks to the person who sent it to me, I know I already said thanks, but I thought I'd say it here to.
Not yet, but I will today.