Charting
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
buccaneer1961, It really amazes me at how little newbies know, and just assume they know everything, myself and several of my family members and friends have Tens of Thousands of dollars invested in this, going all the way back to 2005.
So your comment quote;
"yes you need to be sure before you jump in here,if you do welcome abord!",
Tells me you know nothing of the past of this board, I happened to pick-up several Mil in the micro-subs, a few Mil at .0002, and your going to "Welcome me aboard"? Learn to spell first, then read the history before posting comments that make no sense, Please.
itcouldbe; If you don't mind explaining exactly what you mean by "secret nature of many of Investo postings"? Just what the heck is that supposed to mean? Do you think that just because I Am the Mod of this board, that my life is supposed to an open book for everyone to read? Some of you guys are really hard to understand where your coming from? Your trading practices and your holdings and things about you and what you do "ARE YOUR BUSINESS", You don't see me asking you for Personal Info about your life do you? Why do you expect me to give out person info about myself? If you're talking about the "INFO I FIND OUT" About what the MLXO Board released, and whether it's all true or not, What I said was that I wanted to talk/email with the Company about it first, before posting anything about it. Other than that, just what the heck are you talking about?
Actually, reality speaking, It's really none of your business when I'm logged in to my account and when I'm not. I don't know where you get off thinking it is your business in the first place?
dinotori; Whats up with this post? What have I posted that is "Negative"??? Geeeesh, you guys are something else, it seems like if I'm not "JUMPING UP AND DOWN WAVING THE MLXO PON PONS" That I'm being Negative?
All I said is that I want to "Make Sure", "VERIFY", That this New Board and CEO are being 110% Honest with us. Is there something wrong with that? Were you here on this board and Invested in this stock from 2006-2008 when the Former CEO Lied thru his teeth, and Numerous People lost their shirts? Well I was, I watched it all happen, I tried warning people what was going on and got called all kinds of names, and ended up being right. All I want to do is make sure nothing like that happens again, and my ONLY INTENTION, is to make sure these guys are being honest with us. If you have a problem with that, I don't know what to tell you.
Harr; I have A Lot of Research going on right now, and I have already spent way too much time away from it, so I Am going to Answer your post here, but it's going to be short and to the point, I don't have time to go into all the details.
When the Newspaper Article Came out the first week in Jan. something about the info struck me as a bit odd.
Reason Number #1. I had done research into Walgreens sometime ago, (I think it was in 2007/8 before the Prez. Election), (Long Before Tom G stepped down and the new Board took over), I was researching Pharma Stocks, in case of a Republican win, Pharma's tend to run up after a Repub win. And I Remember Researching Walgreens, and reading up on Walgreens Manufacturing Facility in Illinois, and the fact that they Manufacture all their own Over the Counter Meds. And when I read that Article, it just seemed strange for a "NEW START-UP OVER THE COUNTER PHARMA COMPANY" To suddenly claim to be "SUPPLYING ALL THE MAJOR PHARMACIES", I AM NOT TRYING TO DIG UP DIRT, OR ATTEMPTING TO MAKE MLXO LOOK BAD OR BE NEGATIVE, OR ANYTHING DEROGATORY WHATSOEVER!!! Lets get that straight RIGHT NOW!!!
I Merely want to Make Sure that our New CEO, and Board, "ARE NOT TRYING TO USE ANY PINK SHEET PUMP TACTICS", Or Releasing any BS info. I went thru enough of that with Tom G. Thats all Tom G ever did was put out BS, just to appease everyone. Thats all I Am Trying to do, I want to make sure These guys are Being 110% HONEST WITH US!
I have spoke with the Executive offices of the Major Pharmacies mentioned in the Article, I have Spoke with the Vendor Relations Dept.'s, The Purchasing Dept.'s and other Executive Dept. of the Major Companies, and my SOLE PURPOSE, is to VERIFY What Michelex said in that Article, I merely want to make sure we are NOT being fed any BS. I have already received some of the Callbacks and email replies, and I am waiting on a few more, and I will be questioning the MLXO Board Privately before I post anything on it. It is NOT My intention to make them look bad in any way, shape or form, MY INTENTION IS TO MAKE DAM SURE THEY ARE BEING HONEST WITH US, AND TO KEEP IT THAT WAY! If you want to "Cut me Down" for this? Then go ahead, but that tells me that your more Interested in having "BLIND FAITH", Than Making sure we are being told the ABSOLUTE TRUTH.
Harr;.........................................................................
Ya know, you emailed me during the Summer, did it ever occur to you that people take Vacations in the summer? Especially when they have kids? Just because I didn't immediately reply to you, theres something wrong with that?
I was with my Family on Vacation during that period of time, and i've got the ticket stubs for "Cedar Point", "Hotels where we went Boating and Skiing", among other things, if thats the way you want to play this? Man, I just don't understand some of you guys, theres more to life than sitting in front of your computer 24/7. And an awful lot of people take Vacations in the Summer, and take time off from trading to spend with their Families, and you act like theres something wrong, just because I didn't REPLY TO YOU RIGHT AWAY???
Geeeeesh, get over it man, My World doesn't revolve around your emails to me.
Harr, I got his PM Yesterday, and I have been reading thru his history, and when I'm done looking into it I will reply to him, why do you always post like I'm not here or something? I have a post from you, where you typed in the dates of my posts and wrote some "GARBAGE" Assuming that the days I posted, were the only days I was here??? Whats up with that?
Just for your Information, SO EVERYONE KNOWS MY BUSINESS!!! I have I-Hubs Level 2 for Pink Sheets, so I have I-Hub up EVERYDAY THAT I TRADE, because even though I have 3 online Brokers, only Scottrade posts Pink Sheet Bid/Ask, but they don't have Level 2, and the I-Hub Level 2 is cheaper than Alphatrade, and works just as well. I happen to be a "Momentum Trader" in Penny Stocks, MLXO is the only Penny Stock I Am Long on, everything else is Daytrading and MOMO-Trading for me, I spend most of my time Reading Boards like BB's Stock Haven, and several other Highly Posted Boards, and I have Software Scans that I read and do alot of Charting and researching Penny Stocks with Potential for High Volatility and odds for Momentum Daytrading, thats what I spend most of my time doing, "SO NOW YOU GUYS CAN QUIT WITH ALL THE ASSUMPTIONS ABOUT ME" OK??? I Happen to Really Like the Direction MLXO is Going, and have been "SO HAPPY EVER SINCE TOM G STEPPED DOWN", But I will never have "BLIND FAITH" in any Pink Sheet Penny Stock, "EVER". I Verify everything they say.
CAN ANYONE TELL ME WHO CAME UP WITH THIS QUOTE? (WITHOUT DOING A GOOGLE SEARCH) or any other search.
"TRUST BUT VERIFY"
Words to live by.
Look, I'm not the one who got Burned, I'm the one who "UNCOVERED THE CEO's LIES", And I'm the one who "TRIED WARNING PEOPLE FOR MONTHS AND MONTHS" And I was called all kinds of names and other things for it, "AND IN THE END", I WAS RIGHT!!! Most of the People here lost their shirts, and afterwards I was sent many apology emails and PM's, thanking me for trying to warn them, and people apologizing for all the Nasty Name calling and childish crap. So Please, get your facts straight before posting things like this to me, thats all I ask.
Since when did the word "Buddy", become a Dirty Word?
Comploaf, I'm not talking about what you guys post on the board, you guys have every right to post your opinions on the board, no matter how crazy some of them might be, I AM TALKING ABOUT THE I-BOX. Things need to be Verified before they are posted in the I-Box, that has been my Policy here since 2007.
You can post your opinions on the board all you want, as long as it doesn't violate the I-Hub TOS, but it's my choice if I choose not to engage in some of these Conversations you guys have, I don't have to respond to things I deem to be UNVERIFIED AND TOO OPINIONATED. But don't just ASSUME, That I'm not here because I don't engage in all of your Conversations.
Harr;.........................................................................
Look Buddy, I have already said "NUMEROUS TIMES", That I have been very Happy with the New MLXO Board and CEO, But I Will Never change my Investing Policy, which is also my I-Box Policy, (Which I-Hub Management FULLY SUPPORTS), Which is; "VERIFY ALL INFO BEFORE LISTING IT IN THE I-BOX", If you want to have BLIND FAITH and just believe everything the Company says, without "VERIFYING IT FIRST", Then thats your choice, But it's not going to go on here in the I-Box, and I-Hub Management FULLY SUPPORTS MY POLICY, I Have Had some In-Depth conversations with them about this. And if I Choose to change my assistants because we can't agree in things, I have every right to do that, I don't care how nice you made the I-Box Look, that has nothing to do with it.
Hurley Cruppers did the same thing in 2006-2007 and "EVERYONE ENDED UP GETTING BURNED" People Lost THOUSANDS OF DOLLARS Because of the Blind Faith they put in Tom G.
Now I "AM NOT" Putting Down the New MLXO Board, I have alot more Confidence in these guys, than I did in Tom G. "BUT I'M STILL NOT GOING TO HAVE BLIND FAITH AND JUST BELIEVE EVERYTHING THEY SAY WITHOUT VERIFYING IT FIRST"!!! And if you don't agree with that, well thats your Problem. I will find someone who does. (Already have several to be honest).
Listen you guys, just because I don't post much doesn't mean I'm not here reading everything!!! Becareful what you post about me, I've been "VERY INVOLVED" In this Company for over 6 years now, and myself and my Family have alot of Cash Invested here. Just because I choose not to involve myself in many conversations that go on here, that I feel to be alot of "WISHFUL THINKING", Just like the last Group that lost their shirts, by having "BLIND FAITH" in Former CEO Tom G, and Just Believed everything he said, without "VERIFYING IT FIRST", (WHICH HAPPENS TO BE MY NUMBER #1 RULE OF TRADING), Well it's my choice, not to Converse with that sort of Conversation, especially when I post things about "VERIFYING THE INFO FROM THE MLXO BOARD", I get nothing but Childish Diatribe from people!
But have no Mistake, I have received MANY PM's AND EMAILS FROM PEOPLE WHO DON'T POST MUCH HERE EITHER FOR THE SAME REASONS, THAT HAVE GIVEN ME ALOT OF SUPPORT, FOR MY UNWAVERING STANCE ON ISSUES, LIKE "VERIFY ALL INFO" BEFORE LISTING IT IN THE I-BOX. Which has been my RULE Here, ever since I caught Tom G Lying, and I have spoke in-depth about this with I-Hub Management, and that Rule is going to be Enforced Bigtime, as soon as all the results are in on my Verification Process thats been going on for several weeks now.
Three;
Sent you an email.
S.
MLK Day, Markets closed.
harr,
This line in your post;
Quote; "If Michelex issues SEC filings, I hope the numerous PPC domestic client list (Walgreens, CVS, Rite Aid, etc...) and export countries are included. Some shareholders are currently contacting Walgreens and trying to verify that PPC supplies them with your product."
This line does not have a Number on it, But it appears to be one of your questions to him right? I just wanted to make sure I was reading this right or not?
Harr,
Thats what I have, just wanted to make sure it was the same.
Harr,
Is your email addy the same as it was back in Aug? I have an email to send you, just wanted to make sure you have the same one that I have from Aug.
Anyone getting "BUY" orders filled at the bid??
Deano,
In response to your post about the shorts, (Hedge fund activity), I suspect this little run-up we are seeing right now at the beginning of the new year is, (In my opinion), more manipulation by the Hedgers than anything. With the size of the Float, they need more people holding shares in the Coffers of the online Brokerage houses, so more shares are available to borrow from NITE, (NITE is the Main Supplier for shares of penny stocks for Hedge Funds for shorting), and when they borrow shares thru NITE, then the short sales don't show up as FTD's, (Fails To Deliver) more commonly know as Short Fails or "Naked Shorts". Remember, the Higher the PPS they are able to short at, the more Profit they make when the cover. IMO, They haven't covered 1 single share yet, and this little Manipulated run-up is for a higher share price for their short sales.
We need to fix the I-Box a bit, you or Harr put a couple Major Companies in there as "Clients of Michelex" or Pristine/Nu-Med, like "Walgreens" and "Walmart" ect. Well I have been making some phone calls trying to get some Confirmation on this info, and I found out that neither of these 2 companies buy from Pristine/Nu-Med. Walgreens Manufactures "THEIR OWN BRAND OF OVER THE COUNTER MEDS" They have a Manufacturing Plant in Illinois, I don't remember the name of the city the Plant is in, But you or Harr Listed Walgreens in the I-Box as a Client of MLXO and thats not true, neither is it for Walmart either. If the Company is feeding this to you guys, then they are blowing smoke, we need to be careful to make sure everything in the I-Box is Accurate Info, because if it's not true, then it looks like "Pump", and we don't need that. I'm currently waiting for a list of all the OTC Drug Manufacturers in the states, I want to see what the Competition is out there, and also info from the other stores to verify that we actually have deals with them as a Supplier of OTC Medications. I've always been the Double/Triple check/verify info "BEFORE DISPLAYING IT IN THE I-BOX".
Harr and Hurley;
As to your reply about the Uptick rule being taken out in 2007, a rule that was put in place way back 70 some years ago after the Great Depression, Even though the SEC Took the rule out like they did, they put other things in place to monitor Hedge Fund activity, they basically felt that the rule wasn't doing the job it used to in our modern day trading platforms. I personally don't agree with what they did, but anyways my point that I was making in my post is this, (and you have to have somewhat of an understanding of how they Police short-selling in the Computerized age we live in.)
Even though the 1930's uptick rule was taken down, many of your large exchanges still implement it to a certain extent, it's kind of a complicated mess really, because you've got the SEC on one side saying they are not enforcing it, and then you have Bigwigs on some exchanges telling large clients that they are keeping it in their own rules. Kind of like Big wigs knocking heads. I said all that to say this;
The Hedgers playing their Monopoly game on the shorting of Penny stocks and OTC stocks is still going on, worse than it was before the SEC took the rule out, BUT THE LAST THING THESE HEDGE FUNDS WANT TO DO, IS TO DRAW ATTENTION TO THEMSELVES, AND WHAT THEY ARE DOING. PUT IT THIS WAY, IF THEY JUST STARTED SLAMMING PENNY COMPANIES INTO THE GROUND, THEY WOULD LOSE STOCKS THEY MAKE MONEY ON FOR ONE THING, AND ALSO BE DRAWING ATTENTION TO THEMSELVES BY THE SEC, SO THE HEDGERS NEED THE UPTICKS IN THEIR T&S PRINTS, TO MAKE IT LOOK LIKE THEY ARE NOT MANIPULATING THESE STOCKS, WHEN IN TRUTH "THEY REALLY ARE BIGTIME". THEY ARE USING THIS RULE BEING TAKEN OUT, TO THEIR ADVANTAGE BY COVERING UP WHAT THEY ARE DOING, BY KEEPING THE T&S PRINTS LOOKING GOOD. Why do you think they Fill so many Buys at the Bid? Because they are Shorting at the ask, everytime they fill a buy from the bid, They make their Short-sell sale at the ask, and on the T&S it looks like a BUY. This way, they are getting away with even more than they used too, and doing a dam good job of "HIDING IT IN PLAIN SITE". It's unreal how these Bastards are working the system, but don't kid yourself, they are here, and the Biggest thing they want to accomplish (Besides making Millions), is making Average Investors Believe that they "ARE NOT HERE ON THE PENNY STOCKS DOING ANYTHING". The Devils in the Details, and like that old saying goes, "THE BIGGEST LIE THE DEVIL MADE PEOPLE BELIEVE; 'IS THAT HE DOESN'T EXIST".
You can compare that saying to Hedge Funds, Short-selling Penny stocks, in a BIG Way.
Merry Christmas to anyone reading this.
Hurley,
Make that 2 Brothers, and a few Friends, all still holding what they bought in 2006, some have averaged down some. After the first of the year we've got something planned, very tight lipped about it though.
Are you Kidding me? You don't know what these Hedgers do for a living? You need to do some serious research for yourself and dig way past the "Front They Portray", The Lie they sell and find out what they really do that over 90% of your average Investors like us HAVE NO IDEA whats really going on "Behind the Curtain". These Large Corporations that are involved in this Sell Short Hundreds on Penny Stocks, not just MLXO, But Hundreds of them Daily, and thousands of people just like you, who have A Lot of Cash riding on a Stock, and watching it daily can't seem to figure out some of the action they see on the T & S Prints, because it doesn't make sense to the Average investor, But to a Hedge Fund, They have Most of these on Cruise Control, and have computer systems operating trades for them according to Preset Plans on each Stock. You have no idea how Sophisticated they really are, they have this down to a Science i'm telling you. They make more money off short selling pennies than almost anything else, I suggest you take a really good look into it once, look way past the front they portray, past the headlines, they have a Monopoly on this type of trading and they know it, because they are about the only ones who can afford to do it, they have to put up $2.50 per share that they short, and they know that a stock like this really isn't going anywhere for a while, and the Climb is the "Real World" of "Share Value" is going to be "Slow and Steady", Thats why they Manipulate the Run-ups to start the Shorting off, because they have to get some Average Investors, (Like us), Hooked, so they can short it back down, because they need the "Upticks Buys" coming in to short, they can't short when it's going down, they have to have upticks in order to short - sell. If you think I'm joking, do some research, some serious research, you will be astonished what you find. These guys are Pros at this, thats why they are Filthy Rich and we, (Average Investors), are not. Sure Many Investors here make A Lot of Money trading, but nowheres close to the kind of cash Hedge Funds make, they have Hundreds of Millions, some have Billions to work with, thats why the Rich Invest their Cash in these Funds.
Well then, your guess is as good or better than mine, my guess would be a paid promo maybe? I've seen lots of that on message boards through the years.
You guys that are watching this stock everyday and posting about the Technicals on the charts have to consider one thing; "The Charts and Technicals don't mean Chit when we have a HEDGE FUND or TWO (or Maybe THREE), SHORT SELLING AND MANIPULATING THE PRICE".
Probably because not many people are posting much at all today. The Boards move according to how many posts and viewers, (I think anyways).
I have been watching and reading posts now for Months without really saying much, I have A Lot to Say here but Frankly after almost 6 years in this stock, and watching the last round of Longs get Beat Down like we did, and myself getting called all sorts of names for Raising the "RED WARNING FLAG", and "ENDED UP BEING RIGHT ALL ALONG"! I'm Leary of how much I want to stick my neck out this time.
Going to make this short and to the Point. I have been doing IN-DEPTH STUDIES, For at least 10 years now, on Different subjects in the Market. When I started watching MLXO in 2004 I was Studying Toxic Finance, and I was the person who opened the former CEO's eyes to what Cornell Capital was doing to his Stock and his Company. It ended up Driving him right out of Business, Mainly because he did not know how to Overcome it, and did not Listen, or "HEED THE ADVICE OF THE MUCH MORE KNOWLEDGEABLE WHO WERE WARNING HIM", Period.
Where we are now. A couple other areas of my Studies have been;
#1. HEDGE FUNDS & THEIR TRADING TACTICS. It simply amazes me at how "LITTLE, AVERAGE TRADERS KNOW ABOUT HOW HEDGE FUNDS OPERATE"! In short, Back in Oct. when MLXO Ran-up to the .01's, I knew exactly what was going on, in fact I was expecting to see this happen. It's actually, very common when a New Start-up does a Reverse Merger, although this is not an Ordinary Reverse Merger. This one was done a bit Differently, No Name Change, No Reverse Split, (Which usually goes along with a New Start-up Reverse Merger), and a few other things they actually saved Money by NOT DOING.
BUT, A New Start-up like this, with a New Board, New Company, New Product and New Direction all Together, "IS A HEDGE FUND TARGET FOLKS"! PLAIN AND SIMPLE. Any of the Full Time Professional Traders that read this board know Exactly what I'm Talking about, But will say very little about it, Mainly because Full Time Investors "In The KNOW" of How these Major Hedge Players operate, Make Money by Playing their Game. This Run-up in Oct. was A Planned out Manipulated Run-up. These Hedge Fund Managers "KNOW WHAT THEY ARE DOING", They have this down to A Science, They are Pros at this and have UNLIMITED FUNDS. Heres A Little Secret Many Don't know, Hedge Funds Basically have a "MONOPOLY ON PINK SHEET PENNY STOCK SHORT-SELLING". They Make HUGE PROFITS From it, and THEY DON'T WANT YOU TO KNOW ABOUT WHAT THEY DO EITHER. Because they NEED us Average Investors/Traders, Many times you will have a Couple/Few Hedgers Working Together, Some are offshore, Some Canadian, Most are here Stateside. Some are Owned/Operated, Very Carefully Hidden, OFF-SHORE and OFF THE BOOKS, of TOXIC LENDERS! NIR Ring anyones Bell? Before this New MLXO Board/CEO and Company, The Former CEO Had Michelex Indebted to NIR for $1.2 MILLION in Convertible Debt. I was told by the Former CEO Tom G last Summer/Fall, that NIR Was the one who "BROUGHT THE NEW BUYERS OF THE MLXO SHELL, TO THE TABLE", Theres a VERY GOOD CHANCE, That NIR is the Mastermind Behind the Curtain, of this whole thing. And Don't Kid yourself, They are a "GREAT WHITE SHARK" Just like Cornell Capital, in fact as of a couple years ago, they Ranked #2 on the Toxic Lender list, (Not sure if it's the same now or not).
But you have to Understand, These People Trade Totally Different From us Average, (Mostly Novice compared to them), Traders/Investors Trade/Operate. We have MANY HERE, That Trade JUST LIKE THE LAST ROUND OF TRADERS DID, That were Big Believers/(Cheerleaders) in Tom G, (Former CEO). Many of you guys Just PARK YOUR CASH, Buy on the Dips, and Just Accumulate as much Stock as you can, waiting for that Rocket Ride to the Land of the Rich. Rather than "Putting your Money To Work for you", You just let it sit there until the Share Price Runs-up so you can Cash-in. "THATS EXACTLY WHAT MR. HEDGE FUND MANAGER IS COUNTING ON"! YOU ARE HIS MEAL TICKET! Because the Hedgers "NEED UPTICKS, BUYS COMING IN, TO SHORT-SELL"! And the More Shares that keep accumulating in the Coffers of the Online Brokers Accounts, (TDAmeritrade, E-Trade, Scottrade, ect.ect.), The More Shares HUGE Mr.MM "NITE", (The Main Provider of Borrowed Penny Stock Shares to Hedge Funds), Has available for the Hedgers to Short-Sell. And for those of you who have this Idea that you have done Something to "LOCK-UP YOUR SHARES", Unless you Spent the Money to get the ACTUAL PAPER CERTS FOR YOUR SHARES, BELIEVE ME, THEY WILL BORROW YOUR SHARES, THEY HAVE MANY WAYS AROUND WHAT WE THINK LOCKS UP OUR SHARES. The only TRUE Way to Lock-up Your Shares, are to get the Paper Certs, and thats not even Worth it unless you are Going Really Long, and it's also Risky on a Penny Stock, Because what if something Happened and you needed to Bail-out fast? You COULDN'T! You would have to Mail-in Your Certs, just Like if you Bought them New From the Company, and wait for them to be Processed by your Broker, if you Overnighted them, it would take a Minimum of 2-3 Days.
I've already wrote more than I Planned on. Bottom-Line here is this, Sometimes the Company is in on the Manipulation, (Not Directly, These are usually Back-Room, Hush-Hush Kick-Backs). They will never admit to anything like this, or even Hint that they even know anything about it. The Hedge Funds have this all Planned/Calculated out Before they even Begin. Remember these guys are Pro's at this, They Manipulate and Short-Sell HUNDREDS OF PENNY STOCKS, And Each one is Calculated out Beforehand. They have their Price Targets, Volume Targets, ect. ect. The More Average Volume a Penny Stock has, The More they are able to Short-it. Especially on a New Start-up like this, They do a Manipulated Run-up to get Fish, (US), We Take the Bait, (The Manipulated Run-up), Thinking this is going to be a Rocket-Ride, "When in Truth, the Stock is going to be a Slow Climbing Long Drawn-out Process, where NEW Revenue, and New Assets and Profit/Loss Margins, among other Factors, are what is "TRULY GOING TO BRING SHARE PRICE VALUE INCREASE"! But During the Long Drawn out Climb to Prosperity, Hedge Fund Managers are going to Play their Games that Make them Rich.
I said earlier that Hedge Funds Basically have a Monopoly on Penny Stock Short-Selling, The reason being, Anyone who wants to Short-sell a Penny Stock has to Put up $2.50 PER SHARE, FOR EVERY SHARE THEY SHORT-SELL! So to Short-Sell 1 Million Shares of MLXO, They have to "PUT-UP $2.5 MILLION DOLLARS FOR EVERY 1 MILLION SHARES THEY SELL SHORT! Now who has Funds Available to do that? And put that much cash at Risk, (Basically Gamble)? Definitely not any of us Average Traders on this Board. Oh I'm sure the Hedge Funds have people on the message boards of the Penny Stocks they are Manipulating and Short-selling, to gather info on the Investor Sentiment, Especially when they start taking the Price Down, "ALL THE WHILE SHORTING WHILE UNSUSPECTING INVESTORS THINK THEY ARE BUYING DEALS ON DIPS", I'm telling you, the Guy whos Post I am Replying to, is "MORE RIGHT THAN YOU CAN IMAGINE"! The Numbers he posted is Probably the Hedgers Cover Price, They Started Shorting in the High .01's, and will keep going until the reach their Targets. The Sad thing is that theres really nothing we can do about it, they have UNLIMITED FUNDS AVAILABLE TO THEM, Us Average Traders Don't. Thats why Years Ago when I Learned what they do, how they do it, how to spot it, and Best Of All, "IF YOU CAN'T BEAT'EM, YOU MIGHT JUST AS WELL PUT YOUR MONEY TO WORK FOR YOU AND TRADE ACCORDINGLY! Once you know how they operate, and how to Spot Their Activity, You can Make A Lot of Cash Trading their Manipulated Run-ups.
I Don't want anyone to take this the Wrong Way, I HAVE ALOT MORE FAITH IN THIS NEW CEO/BOARD/COMPANY, THAN THE OLD ONE! I Believe Long-Term MLXO Has Great Possibilities, But make no Mistake, These Hedge Funds and what they Do is REAL, THEY ARE ALL OVER THE PINK SHEET PENNY MARKET, And if your not Knowledgeable about what they do and how to spot their activity, YOU WILL GET BURNED, PERIOD! I believe thats what is Happening to MLXO Right now, This Run-up was Manipulated, so they could Short-Sell it back down, It's just one way they make their HUGE RETURNS for their Investors. Don't be A Victim of it, Learn how they operate, I'd be as Bold to say "Learn your Enemy"! They are Really the Average Investors Enemy! Average People like us Lose Lots of money everyday to Hedge Fund Tactics, Simply by being UNINFORMED!
One of the Other Market Subjects I've been Studying, that I Am going to be posting some info on, That I Believe "DIRECTLY INVOLVES MICHELEX". Is Called "Sharia Compliant Financing", (Islamic Compliant Finance, is the Same thing), If you don't know anything about this, be prepared to be TOTALLY SHOCKED. I've been Studying it for some time now, and at First I was Completely Shocked, and I keep seeing MORE AND MORE OF IT, and it's really Made me Stop and think very Seriously about whats Happening to Wall Street and the American Markets. I will be posting some info on this soon. Have a Good Holiday All.
Harr, Taking the "Timing" off is an extremely good decision IMO, and if you were around in this stock from 2006 thru 2009, you know exactly what I mean.
Under the former management, I can remember as clear as day, in early 2007 when I Caught the CEO in a Lie, and found out that he was the one responsible for the base we had of .06 being cut in half between Aug. 2006 and Jan. 2007, by taking advantage of the shareholders trust we had put in him, and Diluted the Float to the tune of what eventually amounted to approx. 16-18 Mil shares, when the Float at the time was only around 50-60 Mil, well 16-18 Mil did alot of damage, 50% loss in shareholder equity that the stock never recovered from, (until now under new management and corporate ownership). The Base went from .06 to .03 in 4-5 Months, and then right after that was when Cornell Capital started their Convertible Debenture tidal wave that never stopped and went all the way down to .0001/.0002 But I can Clearly remember being one of only a handful of people who were Publicly Warning everyone what was happening, on the Message boards, and all the heavily Invested Die-Hard Tom G Fans, called me every name in the book for 1-2 years. I remember all the postings on HSM, (Hotstockmarket), of all those guys talking it up about how rich they were all going to be, and the Porches and expensive cars they were going to buy, ect ect, All the while my heart was sinking inside saying to myself, "These guys just don't get it, They don't have a clue whats happening here", I Felt like the Guy on the Beach Screaming "TSUNAMI, TSUNAMI, GIANT TIDAL WAVE IS COMING", and the people on the Beach were Laughing at me, calling me names, and acting like everything was fine, ONLY TO GET DROWNED IN A SEA OF CONVERTIBLE DEBT.
Well as sad as it is to say, almost all of those guys are gone now, theres still a handful that held thru it all, and bought more at the Bottom, "Smartest thing you guys ever did", (You know who I'm talking to), I have received email and calls from a few guys from back then apologizing for the names and crap, and thanking me for at least trying to warn everyone what I knew was happening.
But back to the "Timing Issue", Thats one big mistake everyone was making back then, many Long-term shareholders were throwing around time periods, when the stock would be .25, .50, 1.00, all the while I kept saying that under the Former CEO's control, it was going to be exactly the opposite. I ended up being right. But all that "BEING WATER UNDER THE BRIDGE", The Here and Now, is a whole "NEW THING ALTOGETHER" EVERTHINGS CHANGED, EXCEPT THE COMPANY NAME AND AUTHORIZED SHARES, (which is Maxed out). And Personally, In My Opinion, This new Michelex we have, and New People Running the show, is a Complete 180 of what Michelex was, and I have A Real Belief that this stock is Definitely Going up, But I DO NOT AGREE With the "Timing People are Posting" on this. In fact, IMO, I think Even Doing that is Counterproductive, because when people start putting out posts like ".25-.30 in 5 weeks", and then when it doesn't happen, people who have this on their watch list begin to "Not Watch it much anymore", It becomes another Advertised Promoted Pump, that so many people are so sick of. I'm not putting any date/time on this at all, "YOU ARE EITHER HERE FOR THE LONG HAUL, OR YOU'RE NOT", and if you are, then what does the Timing Factor even matter for? WHO CARES! It happens when it happens, setting dates and times looks really bad when it doesn't turn out the way someone predicted. I think we should all just keep the Positive Things that this New Company is doing, and what the Possibilities can be for shareholders "FOR THE FUTURE" Without putting any Timelines on it. Nobody really knows for sure just how far this one can go anyways, or when for that matter. These Predictions of .25 "MIGHT BE WAY OFF? IT COULD GO MUCH HIGHER THAN THAT FOR ALL WE KNOW" These guys have some Middle Eastern Rich Oil Money Connections that they are not talking about. I'm going to be posting something about that this weekend.
Deano, Thats why I always keep cash on hand to buy with, that way if it dips, I always leave Buy orders in at certain prices in case it dips. If you have a Margin account, then you don't have to wait 3 days. This ones going to be volatile for a while, I can already tell, I think theres going to be lots of room to play on the way up. I have the feeling this one is going to be a steady climb with some valleys here and there, I don't think it's going to jump .05 or .10 in a day or two, theres just not enough volume for that on it. That could change though but I kinda doubt that it's going to get that heavy. But hey, ya never know, I don't know who they are talking to and making deals with so who knows. Most stocks like this that are start-ups kind of like this one, are steady risers as long as they are not Diluting, and since this is Maxed out we know thats not going to be happening. I could see if they were coming out with some "New Technology" or Some New Big thing, then we could see big spikes, but they are just making Generic Over the counter Medicines, Dollar Store type stuff, and cheaper alternative stuff for Maybe big supermarkets, and in this economy, they get a lot of sales if they have a cheaper bottom line than their competition. News of some HUGE ORDERS could cause a spike.
Ya know, the reality of it is like this, There are a few different kinds of Investors, Some people just stick their money in a stock and let it sit there and sit there until the company gets the Revenue and Balance sheet it needs to support a much higher share price and Market-cap, then there are those that just jump from Momo Play to Momo Play and never leave much money in anything for very long, (Actually the smart way to trade in Pink Micros), and then there are people like myself, who do both, I have a certain amount of shares set aside for the Long-Haul, and then I have my Momo play money/shares. My Approach to Penny Stocks like Michelex, (There are VERY FEW Penny stocks I will Leave ANY Money in very Long), (Michelex is one of only a Handful I will Hold on to because of the Corrupt CEO's that Lie and Pump and Dump at the same time), But I believe that if you have a Penny/Micro stock "Rare Occasion" that you can Long Term Invest in, You should put some of your Money TO WORK, WORK SOME OF YOUR SHARES, PLAY THE HIGHS AND THE LOWS WITH AT LEAST 20-30% OF YOUR HOLDINGS IN THAT STOCK. I mean WHY NOT? You have Day traders coming and going all the time on a stock thats warming up, you might as well "INCREASE THE AMOUNT OF YOUR TOTAL SHARES BY SWINGING/FLIPPING SOME OF THEM ON THE RUN-UPS", Whats wrong with that? I don't understand the Mentality that some people have on a Penny Stock, when theres Volatility in the PPS, and you can double or triple your holdings by selling some when it runs up, and then Buy Back "ALOT MORE SHARES THAN YOU SOLD WHEN IT DROPS BACK DOWN", But some people think that your just supposed to let your money sit there and wait until it gets to .10 or .20? Why not put some of your Money to work for you? I take at least 20-30% of my total shares in the stock, and Play the Chart as well as the MM's, you can make A Lot of Money to buy MORE SHARES WITH, If you know what to watch for on Level 2, watching what the MM's do and more Importantly WHICH MM's, Some MM's are Almost "ALWAYS DISTRIBUTION OF NEW SHARES", When they sit on the ask. VFIN is a Perfect example of that. Thats my outlook on it anyways. You will make more money and have MORE SHARES TO HOLD, if you Put Some of your Money to work, it's not doing anything just sitting there, in fact, when your shares are just sitting there for months and months, "GUESS WHOS SHARES THE BIG ACCREDITED AND SOPHISTICATED TRADERS ARE BORROWING TO SHORT WITH???
They are the only Investors who can Short Penny Pink sheet stocks, us average Retail Traders could never short a stock like Michelex, You have to be Rich, I mean Major assets and Practically need to be Listed as a "Sophisticated Investor" to even short a Penny Stock, and Brokers like Scottrade, Etrade, Ameritrade, ect. They don't even allow anyone to short Penny Pinks. You have to Put up a certain amount of cash, (like a Bond, Kind of like Collateral), I think it's 1 and 1/2 Times the Amount you want to short and you have to have a "NET WORTH" of a certain amount I believe. I think thats right anyways? I forget, it's been so long since I've talked about that I forgot exactly what you have to do, but it's something like that. I really Doubt that with what Michelex has going on, that anyone is Stupid enough to short this stock in the first place, not at .01 thats for sure.
It's Obvious what the past few days have been about, Profit Taking, Plain and simple, I'm sure theres and awful lot of people that have pulled themselves out of the red on this stock now which is a good thing for stability of the share price in the future. Lots of people have been staring at HUGE Paper Losses for a few years now, and to at least get in the black, is a big step in the right direction. Once all the LONG-TERM Shareholders are "No Longer in the Red", The PPS Will find a Solid Base to Build on. I don't Blame one single Person for anything they sold to get out of the Red after holding in the red for years, (Whether they Averaged Down or not).
Deano, I really doubt that Cornell would save anything on this, thats Pocket change for them. That Shark, (Cornell), is A Big Hungry Great White looking for "BIG FISH" To Chomp down. "IF" They were Paid-Off, they would just wash their hands here and Move on, the $300 Grand Tom G owed them, is Peanuts Compared to the Multi-Millions they have in Convertibles on other Companies. I used to follow A Lot of Cornell "Puppet Stocks", You can Daytrade their Stocks if you know their Trading Pattern, When Cornell is Dumping Shares, (Convertibles), in A Stock that is Indebted to them Bigtime, "Especially if they are A Pink Sheet", they try to entice investors by created Manipulated False Run-ups, then at the End of the Day, the PPS Flattens right out, which if Cornell is in the middle of the Dumping Process, the End of the Day is the time to buy, the next day or two when they Create another False Run-up, "Carrot on A String", You sell into their Fake Manipulated Run-up. You really have to watch the Chart on A Stock thats being plauged by Convertibles, you can make money off them, Daytrading, if you do it right.
Harr; It looks like there may be a couple possible formations appearing on the chart right now, one of which is more likely than the other. A "Cup and Handle" Formation and A "Double Top", The Cup and Handle is A Bullish Formation and a Double Top is An Uptrend Reversal, which in my opinion is the "LESS LIKELY" Scenario. Given that all signs of the Newly Formed Company and Board and Future Prospects look Bullish, and being that it's being very thinly traded and moves easily in either direction with any major volume. If the Company were to come out with some Awesome news, the Cup and Handle to really show itself. But if someone were to start dumping any amount of shares, (Selling Pressure), then A Double top would show it's ugly head, which in my opinion is less likely to happen being that the A/S is Maxed out, Cornell Capital is most Likely "GONE, PAID-OFF, GOOD RIDDENS!" Time will surely tell, but with Tom G being History, and the New CEO and Board, I'm more inclined to be Optimistic here. Thoughts anyone?
Harr, In my last post I said just how good of news that is, and that I Am writing an email to them, Urging them to Include that info in their next PR, not as a Main Topic, but at least Touch on it just to let New Investors that have never heard of Michelex or that are "Watching MLXO" know that they are not going to be doing any Reverse Split or Increase of the A/S. When a Company Changes hands like this, and they take the company in a whole new Direction, and the Authorized number of Shares is Maxed out, the possibility of an Increase of the A/S or a R/S is going to be in the back of any knowledgeable Investors mind, I'm talking about people out there that have never heard of Michelex, and having the Comany include that in a PR can have a Huge Impact on New Investors watching this stock on the sidelines thinking of getting their feet wet and Buying in. If you've been playing the Pennies and Pinks for any length of time, you know what I'm talking about, just think about how many Companies have done that to Investors? And how many people have gotten Burned from that BS? So here in Pink Pennyland, for a Company with a New Board and CEO, with a New Business Plan and Product, and a Maxed out Authorized Share Structure, including "NO REVERSE SPLIT & NO INCREASE IN THE AUTHORIZED NUMBER OF SHARES" In their Next PR, (In my opinion), Would make the next PR have a Much Greater Impact on New Investors. I think some of your more Larger Invesors would really take notice to that info being added to whatever news they have next to release. Just my opinion, but I've seen and "Been Thru" A lot of Companies that have done that BS to Investors, I think it's happened to so many people over the last Decade or two, that it is really a Major Concern to people on the outside looking in on a Company in the Position that Michelex is Currently in, and For the Company to Totally Erase that Concern off New Investors Minds, Would Bring A lot more New People in. Now if it was the "FORMER CEO" Including that in a PR? HA! Anyone that has been in or has been watching or following this stock for the last several years would just Laugh! But this New Board and New CEO Seem "Very Credible" and "Trustworthy" to me, A Lot more than the Former for sure, (Just my opinion anyways).
Well, I put that Info in the I-Box just above the Transfer Agents Info and the Share Structure. I'm going to send an Email to the CEO and the Board urging them to include that in their next PR, Sometimes Companies don't realize just how much things like that Mean to Investors that are on the outside looking in on a Company that just Changed Hands as far as Management, Board, CEO, Company Direction, Product, ect. Is Concerned. Especially when they read things on the board like "The A/S is Maxed out", That would give rise to concern to any knowledgeable Investor on the outside looking in, and to include something like that in their next PR would Add A Lot of Confidence into the Market for MLXO, not that there isn't already A lot now, with the Changes that have already happened and the Latest PR, but A Company Publicly telling Investors that they have no Intention of Raising the A/S or Performing a Reverse Split, will take that concern off Investors Minds for sure and New People would be even more apt to Buy in. All they would have to do is Keep their word, I wish the former CEO would have realized just how much "Keeping Your Word" Means to so many people. I have A Lot of Faith in this New Board and CEO, they really seem to be the "Real Deal"!!! It's about time, for MLXO.
Deano361, Ya know, if the Company told that to the posters you heard it from, that in itself is almost a Dam PR! That is excellent news right there. They should include that info in the next PR, like at the end of it or something, News like that takes a lot of concern off the minds of Investors that play the Pinks alot and have gotten burned time and time again from Reverse Splits, we should urge them to Include that in the next PR, for real, that will catch peoples attention along with everything else that is going on. I'm going to add that in the I-Box too.
I think thats the main reason this popped out of the micro-subs, the selling pressure from Cornell seems to be gone. Good Riddance to the Greedy Bastards, if they are gone?
I have been thinking about which way they will take this? Now that the A/S is maxed, Increase the A/S, Reverse Split, or some sort of Buyback? Reverse Mergers Normally do a Reverse Split, but this is not a Normal Reverse Merger because they are not changing the name or ticker symbol, they replaced the Board and CEO and Business model/plan/product, what will they do if they have to issue more shares? Prob increase the A/S is my guess, I would hope anyways, it would be better than a Reverse Split for sure.
I'll bet thats why they were finally able to get a deal finished, They Probably had Cornell Capital backed into a corner where they could not get anymore shares because of the A/S being Maxed and were kind of forced into msking a deal for the balance owed, I'll bet the new board and Investors Involved paid the Cornell Bastards off so they could mover forward with a deal? Just my Hunch of what has went down the last 2-3 Months, just my opinion, I could very well be wrong.
Harr, So the A/S is Maxed by the way I'm reading this? The Outstanding number of shares is 1 BILLION? If 18% is Restricted, thats 180 MIL? That doesn't add up with what Colonial told me last week? Unless the Restrictions are coming off on a "WHOLE LOT OF SHARES"? My Question to them that I posted last week was this;
"I said the Restricted number was 350,768,000 HAS THIS NUMBER GONE UP SINCE THEN? ANSWER; YES."
So if hes saying the only 18% of the 1 BIL O/S is Restricted, then the restrictions must have came off of 170-180 Mil shares at least? Which makes the Float 820 MILLION SHARES Right?
$brich$, Not really if you take into context the fact that MLXO is still a Pink, and if you have watched this one over the past couple years, or just took a good look at the longterm chart, it was to be expected. I expected this to happen myself, in short; "Someone has been doing some HEAVY ACCUMULATING of this stock over the past year or two. Personally I believe it is the Insiders of the New MLXO Board & Friends, I believe they accumulated a LARGE AMOUNT OF SHARES FROM CORNELL CAPITAL ON THE OPEN MARKET AT THE MICRO-PENNY SHARE PRICE .0002-.001 It's really no surprise that they would take some Profits off the Table in a Run-up like that. Just my opinion, but I had a strong Hunch this would happen, always seems to on most Sub-Penny Pinks.