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.
Harr, I just spoke with Colonial Transfer again, and like I said earlier, even though I had Permission to get the share structure for the past couple years, since they have a New Board and New CEO, I would have to get it all over again, but they did do one thing for me, I asked them if they would at least confirm or deny a couple questions, and they did. I told what the last Figures I had from April 30th of this year, I said my outstanding share count from April 30 is 820 Mil, "HAS THIS NUMBER GONE UP SINCE THEN? ANSWER; YES. I said the Restricted number was 350,768,000 HAS THIS NUMBER GONE UP SINCE THEN? ANSWER; YES. So even though I was unable to get the exact share structure, I did get confirmation that it has went up, I asked if the authorized was still 1 BIL and they said yes to that also, so the A/S is the same, Thank God for that at least.
ROBTRAP, The Options you are talking about that were exercised back in 2006, "The 8,900,000 Shares Bought at .02" were sold off between Aug and Dec of 2006, back then many Longs were a bit upset about this because the Former CEO Promised us NO DILUTION, this was back when the O/S was 70-80 MIL, and he had Released a PR Saying he was going to cut the Authorized Shares from 1 BIL Down to 200 MIL, an awful lot of people bought in back then and took the Average Share price to .06-.07, thats what the Average was in July 2006, he also issued a PR That said they would be "Relisted on the OTCBB By Sept. 2006", the PPS was up to .095 at one point in July-Aug 2006, I remember this VERY VERY WELL, Because thats when some of my Family members bought in around the .06-.07 Range and right after they did it went up to .095 Then we watched from the End of Aug to Dec of 2006, the share price fell from the Average of .06-.07 down to the .03 area, the 8.9 MIL in Options they got at .02 they sold off between Aug. and Dec. 2006, I saved all the Time and Sales Prints from back then, we could not figure out where all the "NEW SHARES" Were coming from at the time, that Literally cut many peoples investments in half back then. The Former CEO had this done in his Ex-Wifes name since she had access to the options herself, to make a Long Story short, he never got the Stock Relisted by Sept 06 or any other time, and never dropped the A/S from 1 Bil to 200 MIL, and then sold these 8.9 Mil shares on us after a bunch of Investors Brought the share price up to .06-.095, so you can easily see how much profit they made off those options back then, They Basically took advantage of the Investors that bought in on the News they put out, and then never made good on the promises they had in the PR's! We, (Longs-and shareholders at the time), didn't find out about this until it was all over when he finally issued the 10K and SB-2 in Nov. 2nd and Dec. 4th 2006. This was the start of the Bad Reputation the Former CEO has had ever since then! JUST SO GLAD HES GONE NOW! AND A NEW BOARD AND CEO HAVE TAKEN OVER, I'VE BEEN SAYING IT FOR YEARS NOW, IF MLXO HAD A NEW CEO AND NEW MANAGEMENT, WE WOULD HAVE A FUTURE TO LOOK FORWARD TO.
Michelex had a second Plant in Salt Lake City, they sold it back in 2006 I believe but got a year Free Rent from the new owners, if my memory serves me right, thats something like how the deal went. But they never got the Plastics Manufacturing back up and running anywheres near what is used to be, I heard from a former Employee, (not going to say who), but I heard that they had lost alot of their former Clients during the time they were closed down, (I bet they lost alot of them to companies in China), but Tom could not get enough Revs coming in, enough Clients and orders to reopen the second plant in Salt Lake, and eventually had to shut down the Massena NY PLant due to lack of Business, (Revs/sales). After being closed it went downhill bigtime, then he tried to get into Biofuel and NON-Trans Fat oil, by buying a Soybean Processing Plant right next door to them, couldn't get financing, had opportunities but didn't jump on them, He had some Opportunities I'll tell you about in an email, that he had, that would have took the share price up beyond .10 to maybe .15-.20, people that I brought to him that were ready to Invest, but he never kept his promises and do what he said, so they said screw him and never got involved. I'll email you about it later today.
To have access to PR's from the Company for the past few years is not "Dwelling on the Past", I don't need to read the past PR's, I know what they say, Hell I helped Tom write 3 or 4 of them if you want to know the truth, and I'm not talking Bullchit either. But any experienced Investor, usually would want to know the backround of a Company before throwing a bunch of Money into it, thats one of the things Due Diligence is all about, "Being as thoroughly informed as possible". If I was a NEW Investor Looking at Michelex, and saw that they had a "New Board" and a "New CEO", But they are not changing the Name or Symbol, Well thats not really a "Reverse Merger" if their not changing the Name and Ticker Symbol, But as a New Investor looking at Michelex for the very first time, I would want to know some or most of the backround and history here, and being able to read the past PR's from the past fews years is a good place to start. You may not want to read thru them, but how do you know that many other "New Investors" that maybe like to "Dig Deeper" than you, before Investing, would not want to read them? The only way for New Investors to find out "WHY AND HOW" The company got to where it is now, is to dig thru the history, who wants to sift thru thousands and thousands of posts on a Message Board when they could just click on a link and read the PR History? You may not dig very deep into a Company before Investing, but theres an awful lot of other people that do, thats for sure, especially in this day and age.
As far as why People Lose their azz in the Market (like the 2008 crash), if you can't see the signs, then I'm not even going to waste my time getting into a discussion with you about it.
Harr, When I have some extra time, I Am going to replace the Yahoo dead links, with links from the Message board where the PR for each date was copied and posted, so anyone who wants to get the scoop on what has happened the last several years can have easy access to them.
This is all a "Work in Progress", Like I said last week, I don't expect them to release a Press Release until they have everything in order and done right, (All their Ducks in a row), Where ever that Phrase came from, but you know what I mean. All the i's dotted and t's crossed, and all the paperwork done correctly and filed. Thats why you sometimes need to be careful about how much info you actually put out there before they do get everything done, sometimes it will attract Pump & Dumpers who will load up while everythings being done like it is now, and then when the News is finally released to the Public in a Press Release, they sell everything into the Run-up off the news. Have you heard the Phrase "Buy on Rumor and Sell into News"? Thats exactly the way A lot of players play these types of deals, thats why I am a little skeptical about putting so much out there too soon, if we get too many "Players", (Day Traders, Pump & Dumpers) in this, when the News does finally hit, we could see it go up and back down as fast as it went up, and scare some REAL INVESTORS Away. I've seen this exact Scenario happen before, thats why I'm mentioning it here. With the economy the way it is, and all the Rumors of a Market Crash coming, bigger than the 2008 crash, theres not a whole lot of people that are comfortable Parking a bunch of cash into a new Sub-Penny Venture right now. Theres an awful lot of people, especialy Wall Street Big Shots that have been getting Prepared to Short the Markets Bigtime, it's all over alot of Internet Investment Circles. They are calling it the Obama Bubble, I've some of the same guys that Predicted the 87 Crash, the 2000-2001 Dot-com crash, and the 208 Crash. They are saying that the Market is being Held up "Artificially" from the Obama Bail-out money, and not by Earning, and a Major Correction is coming but it will be a Crash more than a Correction. Thats what I've been hearing all over anyways.
I've got to learn how to use this new system they have on here, how did you retrieve that?
I really don't care about the Yahoo Links, it's just the dates of the PR's I want to keep in the I-Box, because then if anyone wants to look up any of the older PR's, all they or we have to do is go back to that date on the message board and find the post where we posted a copy of the PR. The Yahoo links are not needed, just the PR dates, thats all.
Colonial Stock transfer needs permission from the new board now, Colonial Stock transfers policy is they don't give out any info of any company without permission from the company. I kind of hope they get a new Transfer Agent myself, theres one in NYC that is the T/A for alot of Pink and OTCBB Stocks, much easier to deal with someone close to where the company is located too instead of Salt Lake City which is 2-3 hours behind East Coast time. Tom G used to date, (Maybe still does), one of the Head Ladys at that Firm I heard, thats prob why he used them for so long. LOL.
Harr, Why did you
Remove the links to the older PR's? I know the Links were no good, Yahoo doesn't keep records that far back, but WE HAVE THE COPIES OF THOSE PR'S ON THE MESSAGE BOARD, Everytime a PR Came out, We copied it and posted the PR on the Board. AND WITH THE DATES OF THOSE PR'S IN THE I-BOX, ANYBODY COULD GO BACK INTO THE POST HISTORY AND LOOK THEM UP. SO EVEN THOUGH YAHOO DOESN'T HAVE THE PR'S, WE HAVE THEM HERE, BUT NOW THE DATES ARE GONE FROM THE I-BOX. Thats why I didn't take them down. I suppose you didn't save them either eh? This is what I didn't want to happen by adding assistants that just erase things without talking to me about it or thinking it thru first.
It seems to me that the New Website and the New Company is still in it's "Infancy Stage", I'm sure they have A lot of work to do before they have all their "Ducks In A Row", So to speak. I don't think they will Release a PR Until everything is Official and all the i's are Dotted and t's crossed, (if you know what I mean). They seem to have A lot done, enough to put it on A New Website, but a Reverse Merger, (If thats what this actually is), is not a Simple easy Quick thing to do, there is A lot involved before it is Finalized.
I'll say this from my own Personal Point of View, Just Knowing that MLXO Has a NEW CEO, With Experience and Credentials Like Mr. Lacle has, is a HUGE RELIEF!!! I FEEL SO MUCH BETTER ABOUT THIS COMPANY NOW KNOWING THAT TOM G IS NOT AT THE HELM ANYMORE. I'm nowhere near as Worried about my Family and Friends Investments in this Stock Anymore. The Last Few years of Watching the Former CEO Fumble the Ball "EVERY SINGLE TIME HE TOUCHED IT" Has Been A NIGHTMARE WHILE BEING AWAKE!
If this is the same Company that NIR Brought to the table last year that Tom told us about, then he had to give up half of his share holdings in Michelex and become a 25% holder instead of a majority. Thats what he said last year, but I don't know if this is the same company he was trying to make the deal with or not.
DenverBruin; You may be right, but I'll tell you what, just to find out that the old POS CEO is Gone? WHAT A RUSH THAT WAS!!!!!!! It was so good to find that out I about did a backflip. It is the best thing thats happened with this Company in 5-6 years.
We will probably see a Name change and a Symbol Change as well, that normally goes along with a Reverse Merger, if thats the way they are doing this. By the sounds of it they most likely are, when I called the Former Michelex office I was told that the Office there was no Longer Michelex but Michele Audio, which is Tom G's Private Company along with Hindsight Records. Last year in May Tom told me he was going to get to get to keep 25% of his holdings, but after all the shares that have been dished out to Cornell and sold off, I wonder if he has much of a % at all of the O/S anymore? I could care less about that though, I say Good Riddance to him. The one thing I Hope they DON'T DO is a R/S, most Reverse Mergers do, I hope to God they don't do one here? Thats my main concern at this point.
$Brich$; Thanks alot, The more confirmation we get on this the better. Your PM, you have every right to do that, nothing wrong with it all.
Thats Excellent News, can you post your email? Just XXX out your address if you don't want it Public.
I just called the Michelex office and they WOULD NOT CONFIRM ANYTHING? I spoke with Tom for a couple minutes, he was in a Pretty Bad Mood, LOL, Seems like he is now BLAMING SHAREHOLDERS AS THE REASON HE LOST HIS AZZ! I know you read this board Tom, and I hope you read this REAL GOOD, YOU HAVE NOBODY TO BLAME BUT YOURSELF FOR THE POOR DECISIONS YOU'VE MADE OVER THE PAST 4-5 YEARS, AS WELL AS LYING TO SHAREHOLDERS "BIGTIME"! THERE A SEVERAL DOZEN SHAREHOLDERS WHO BELIEVED YOUR LIES 4-5 YEARS AGO, INVESTED A SMALL FORTUNE, AND LOST IT, WHILE YOU BROUGHT THIS COMPANY DOWN TO THE MICRO-PENNIES, AND DOZENS AND DOZENS OF PEOPLE LOST THEIR EQUITY. SOME LOST ENOUGH TO RETIRE ON. IF THIS NEWS IS TRUE THAT TOM GRAMUGLIA HAS RESIGNED AS CEO, IN MY OPINION, THIS IS THE BEST NEWS WE HAVE HAD IN THE LAST 5 YEARS!!! I KNOW MANY MANY PEOPLE THAT WOULD LOVE TO SEE YOU ARRESTED BY THE SEC FOR FRAUD, FOR ALL THE PUBLIC PROMISES YOU MADE ON THE NEWWIRES, AND DID NOT KEEP ONE SINGLE PROMISE, WHILE DOZENS OF GOOD AVERAGE HARD WORKING AMRICANS LOST A SMALL FORTUNE!
There, I said it, I got it off my Chest. If MLXO Has a New CEO, Well, I've been waiting to say what I just wrote for a Long Dam Time. I Am NOT Running Tom Gramuglia into the Ground, I'm TELLING THE TRUTH, TELLING IT LIKE IT IS! IF THE TRUTH HURTS? SO BE IT, IF THE SHOE FITS? WEAR IT! Tom Gramuglia IS A NICE GUY, BUT HE IS A TERRIBLE CEO, AND HIS TRACK RECORD IN MLXO SINCE 2005 HAS BEEN HORRIFIC, AND I COULD LIST CLOSE TO 100 PEOPLE WHO WOULD AGREE WITH ME 110%, Most of them are not here anymore, they took their Tax Losses, (What good that was for them if at all) and had to Leave. I know there are New Investors here that sit back in "HINDSIGHT" and say things like; "Well why didn't they AVERAGE DOWN"? Well Hey, Don't Forget about the 2008 Market Crash, and the Real Estate Bubble that Burst, and Many Many People lost their Homes, Jobs, and alot more. Many People did Average Down Some, But the STOCK JUST KEPT ON GOING DOWN AND DOWN, ALL THE WAY DOWN TO .0002!!! And Many People kept Holding Thru it, all the Way From .06-.09 to .0002!!! Well it's Hard to Keep Averaging Down when PEOPLE ARE NOT ABLE TO!!! My Family Members and Friends HAVE BEEN HOLDING MLXO SINCE 2006 WHEN IT WAS .06-.08! OVER 4 YEARS NOW! I have been in MLXO Since March 2005 and after More Than 5 Years, I can Finally Say, That if This Company has a New CEO, and he is as Reputable as he seems to be, and this News is True, Then We Finally Have something to look Forward to! My Family and Friends are way in the Red in this Stock, I myself Have made a Bundle off it, But that was Long Before My Family and Friends Bought in, I have been working on their Positions here, Flipping shares and bringing their Averages Down, but they still have a ways to go to just Break Even. I wrote all this so any New Investors in MLXO that are Reading This Thread and are thinking about Holding on to this one have a Little Better Perspective on the Last 4-5 Years of Broken Promises and "Unrealistic Pipe Dreams" and the HUGE LOSSES A Great Many Good People Realized from this Company and it's Former CEO, (I Hope FORMER CEO). Hopefully with a New REPUTABLE CEO and a Real Viable Business plan for the Future, MLXO may one day be back in the Single Digit Pennies at the very Least. GLTA!
Mugs; Thats exactly what I have been posting for the past couple years, MLXO Owed Cornell Capital over $300K in Convertibles and Cornell was granted a Court Ordered Judgement against Michelex and could come to the Transfer Agent and get 4.9% of the O/S at one time, dump the shares, and come back for more, and keep doing it until they were paid off. Like the saying goes in Toxic Financing; "Lather, Rinse, Repeat" just like running your Wash Machine. I watched it month after month, and everytime Cornell sold out, the PPS would have a little Run-up, until Cornell was issued their next round of 4.9% of O/S Shares to dump. Thats why it was down in the Subs for so long, the stock was under Constant Selling Pressure and the Market Makers always drop the bottom out for Convertibles. With these new developments, ("IF THEY ARE FOR REAL"), it looks like Cornell Capital may be HISTORY! I CERTAINLY HOPE SO ANYWAYS! We need to Verify this Website and the Info contained in it. Just to make sure it's for real, there is no Press Releases anywhere else on the web, I've searched Yahoo, Pinksheets.com, OTCBB.com, ect ect. And I am finding nothing. One Interesting thing I found on Yahoo is this;
http://finance.yahoo.com/q?s=MLXOV.OB
I've never seen that before? Tom G has promised getting RELISTED ON THE OTCBB SINCE APRIL 2006. Hopefully they are doing the Paperwork for Relisting if this news is Verified.
I don't think the current O/S Numbers are what was posted by Jimstock in message #11113, I'm sure they are higher than that, just looking at the chart, you can see between his post and now, there were some very heavy volume days wihtout any movement, that is surely Cornell at work.
Yeah I got it, thanks for that, I'll look into that before going any further.
The new website won't allow me to copy and paste the text, so I used a Screenshot Copy procedure, but does anyone know how to paste JPEG Files into the I-Box with these new tools they have on I-Hub? I'm not that familiar with them myself, I know some of them, but posting JPEG's in the I-Box, I don't know how.
With this new deal I'll bet Cornell Capital is paid off and out of the Picture now, Thats one of the big reasons for the Run-up in price, selling pressure was taken off the stock, among other things. Should have a good future, hope to God they don't do a R/S.
Harr, When did they update the MLXO Website? I've been gone for several days so I haven't been up on the Latest, somebody fill me in here? I read thru the news on the Website, all I can say right now is; IT'S ABOUT DAM TIME!!! LOL
I'll give them a call a little later, hopefully I won't need another authorization email for it. As far as Tom being involved with a New CEO, (if there ever is one), Tom told me last May/June 2009, That the deal NIR had worked out with the buyer that NIR brought to the table, that Tom had to give up 1/2 his shares, he would be a 25% shareholder and would take a back seat to a New CEO. But that was over a year ago when he said "He was waiting on the paperwork to go thru", now you don't have to be a Rocket Scientist to figure out that if the paperwork hasn't went thru in 14 Months, it's not going thru at all. I can safely assume that the deal he had last year, (if there was one), fell thru. If something is going on now, it's something new I'm sure, but I lost my optimism on this stock a long long time ago. I hate talking this way, I wish there was some good things to say here, but there just isn't. The only thing good to talk about is the PPS Run-up that has happened this month. Many people still holding have finally realized some gain on this miserable mess.
Hey Three, It couldn't be said any better! It's very very good to hear your, (you know who), Finally got their Money back, thats the best news I've heard regarding this mess in a long time. My Bro is still down almost 10K. Thanks for the Stock Picks, keep'em comin, you get some interesting info.
He may have had other debts we don't know about, remember MLXO has been Pink since May of 2005 when they got Delisted off the OTCBB, so there has been no transparency since.
Well bud, someone has been buying quietly for alot hell of a lot longer than the past several weeks, thats one of the things a couple of us longs have been trying to figure out? Someone has been buying Cornells Convertible Debentures for the past 18 months or more, someone, (Most likely a Corporation), has been slowly accumulating the shares from Cornell. For all we know it could be NIR, they have the most to gain by doing that, they could easily become the controlling shareholder here and do it cheap by buying Cornells shares in the micro-subs. I'm not saying MLXO Doesn't have a Future, it does, but only when (Cornell), the Debt is gone and the CEO Takes a back seat and somebody takes over.
Dude, I have been the most UNBIASED poster on this thread, I tell it like it is whether it's good news or bad. Just because I say this stock has been run into the ground and totally Mismanaged by the CEO, and it's the TRUTH, Doesn't mean I'm "Bashing", (Which will probably be your next set of posts), I Am Going to Tell it Like It Is Regardless. I am not going to post Cheerleading BubbleGum Pumping Posts when theres nothing here to get excited about. You're excited because you probably bought in at .0005 - .0015 and are looking at profits from this little run-up. I've seen so many like you come and go on this thread everytime the stock takes a little jump. None of that changes the truth. You know the CEO Told us in May of 2009 that the Shell was SOLD!!! And he was just waiting for the Paperwork to go thru? 15 Months later WE ARE STILL WAITING FOR THE PAPERWORK! Well he slipped up 6 months after that and ACCIDENTLY TOLD THE TRUTH WITHOUT REALIZING IT, He told me; They have a "Couple People Interested", well well, thats a whole lot different than "IT'S SOLD" and "JUST WAITING ON PAPERWORK". More BS Comes from that office than a Cow Farm.
If I Started posting "Baseless Pump" just to try and get people to buy in, so I could sell at a higher share price, My Conscience wouldn't let me sleep at night. Thats the type of person I Am, I Am not going to mislead anybody here. I feel that my little Job on this thread, after being in this one for almost 6 years, is to tell newbies the WHOLE TRUTH, so they can make their own decisions for themselves AND KNOW THE HISTORY HERE FROM THE PAST 5-6 YEARS, I don't claim to know it all, but I know alot more than you think. And I don't know if the Stock has been sold in the past month or two, maybe it has? But until there is EVIDENCE of that, I'm not going to believe anything except what I already know.
I seriously doubt it, Cornell has been getting shares all year, if he paid off the debt, they would Not be getting Convertibles to sell. Tom G the CEO added my name on the Transfer Agent list so I could call and get the current O/S Figures, I haven't called in a few months, but they have been getting 4.9% of the O/S everytime they sellout and go back for more. Thats what I believe this run-up is all about, Cornell hit the A/S and Can't get anymore Convertibles right now, and the PPS Reacts positively when the selling pressure is off. You add a few dozen players into that mix and "VOILA" we have ourselves a Little Run-up, but as bad as a reputation as this stock has, it will prob be short lived with lots of players taking profits as often as possible. The Money from his real estate hes probably living on I'd bet. He still owns Hindsight Records, but it's all old Big Band Music from the 20's - 30's and I don't think it's selling real big in this economy. This post is alot of my opinion, by the way.
I flip the hell out of this thing as often as possible trying to recover the cash my family lost on this thing when they bought in when the O/S was approx 70 MIL, and the CEO Promised to drop the A/S to 200 MIL, and Promised to Return to the OTCBB by Sept. 2006, when the PPS was .06-.07 and when he also promised us "NO DILUTION" while 16 Million shares got dumped on us from Aug. 2006 thru Dec. 2006 and cut everyones equity by 50-60%. Then in Jan-thru May of 2007 Cornell wreaked havoc on us, and the CEO Never so much as warned anyone, and Cornell took us down to the .01-.02, and it's been a trainwreck ever since. Not one single promise was ever fulfilled by the current CEO. NOT ONE! I know people that lost over 100-200K on this Debacle.
Yeah right, a Stock that has ABSOLUTELY NO REVS WHATSOEVER, NO PRODUCT OR BUSINESS WHATSOEVER, AND MASSIVE DEBT WITH COURT JUDGEMENTS AGAINST THEM!!! Who in their right mind would buy a Pink shell in this condition? There are so many other Pink Sheet Shells available for so much less, in much better shape and without the Debt. Someone tell me what future the PPS has if they get the A/S raised up to 2 or 3 Billion? It's going to go right back down to .0002-.0004 and have a little run everytime they sellout. You newbies to this stock go ahead and get all excited and dream of the fortune you're going to make off MLXO, and just like the Crowd from 2-3 years ago talked of all the expensive cars and crap they were going to buy when MLXO went "to-da-moon" and all the while I was telling them the, SAD-BUT-TRUE, truth about where the company was headed, and look what happened? EXACTLY LIKE I SAID. So go ahead and BUY BUY BUY, But you won't be able to say you were not Forwarned when the bottom drops out from underneath you.
I know there is no possible way the debt could have been paid off at this PPS Level, and the A/S Limit at 1 Billion Shares. They Owed Cornell Capital over $300K and NIR $1.2 Mil, now go figure just how many shares it would take in the Micro-Sub share price, (Lets use .0005 as an average for example), To pay off a debt of that size, Total over $1.5 MILLION DOLLARS??? When Cornell got their Court Ordered Judgement, the oustanding was already at 4-500 Mil of which I believe 180Mil or 280Mil was Restricted. Elementary School Math tells you that 1 Bil A/S is no way going to pay off this debt at the Micro-Sub PPS. They can only get 4.9% of the O/S at one time, sell that off, and then come back to the T/A for another 4.9%, thats been going on for Months and Months now. Many of us Longs knew this little run was coming when Cornell Ran out of Authorized Shares, it's obvious they have reached the 1 Bil A/S and can't get anymore shares right now. So what happens now? My best guess is that Cornell will be seeking a Court Ordered increase of the A/S, if they can do such a thing? Opinions anyone?
Harr and all reading this board, Just so you know and get your facts straight here, "MICHELEX TRIMARK CANADA INC." that is based in Quebec, IS A TOTAL SEPARATE ENTITY FROM THE SHELL STOCK "MLXO" MICHELEX INDUSTRIAL. THE COMPANY WITH THE JOB LISTING IS RUN BY THE CEO'S SON AND IS "NOT" CONNECTED TO THE MLXO STOCK IN ANY WAY. If you think I Am just making this up or something, go back and read thru the old SEC Filings and see if you can find "MICHELEX TRIMARK CANADA INC." ANYWHERE?
The Charts are about Useless on this one, there are more CD's on this one than the A/S will allow, I think the Toxic Boys have run up against the A/S wall and thats the main reason for the PPS rise. Thats just a well informed opinion from being in this one for the past 5 years.
Wow, haven't been on the board in a few weeks, somebody fill me in on whats happening?
Watch what happens next week with this stock after Cornell gets their shares for the month, you will see MANIPULATED BUYING AND SELLING, so they can dump their load, and then toward the end of the month when they are about sold out, after they dump their last shares you see a quick spike in the price, it doesn't jump as high anymore though, it used to jump up into the .002's then the mid .001's then low.001's, then .0008-.0009 now the best it does is .0005, soon that will be gone and .0004 will be the best it can do. Thats what all the Dilution does to the float, and nobody wants to buy a stock that is a dead duck financially, they have NO REVENUE, PLANTS ARE CLOSED, THE SHELL CORPORATION HAS BEEN UP FOR SALE FOR OVER A YEAR NOW! Look at the Big Picture and you will see it's just a empty shell thats getting diluted every month, I'm not "Bashing" as someone said, it's just the UNFORTUNATE Truth here. The CEO had an opportunity a few years ago to make this work and he let it pass him by trying to get a better deal instead of taking the one right in front of him, only to get scammed by the BIGGER BETTER LOOKING Deal, and now we have nothing, my family is down tens of thousands of dollars on this POS. We have buys all the way from .09 all the way down to .0002.
I have been calling Colonial Transfer for the past 5 years on this stock, and they don't always give you the "Current Numbers", they just give you the numbers from the last time they did a Audit on the share count, I have had a supervisor from there get me current numbers several times, I have had to wait a few days for the updated figures and they were different most of the time.
(Updated), I am waiting for a reply to confirm the numbers with the T/A. I confirm everything before I post it, I'm not saying the info posted wasn't correct, but I don't know the person that posted it and I want confirmation for myself thats just the way I do things. Personally, having been in this for so long and have been keeping daily tabs on the T/S, I believe the Free Trading share number is much higher than what was posted, Cornell Capital has been able to get 4.9% of the current outstanding shares ON A MONTHLY BASIS, I was told, AND THEY ARE FREE TRADING SHARES, Cornell has a Court Judgement against MLXO for over $300 Grand and can own no more than 4.9% of the O/S at one time, and thats what they can get per month and sell until the debt is paid off, I believe the numbers posted are older numbers, I believe the current numbers are higher, I will find out shortly.
Will do later today.
Some of you new buyers must not know much about the history here eh? Or whats currently going on? Monthly Convertibles says it all? Lots of debt left and no revenue being generated, plant is closed, they've been trying to sell the "Shell Stock Corporation" for a year now and in my opinion they probably can't sell it because of the "Convertible Debentures" which are Court ordered, Cornell Capital has a Judgement against Michelex and can keep dumping until it's paid off, the CEO won't be a Man and explain anything publicly to anyone either, personally I don't think he really cares anymore, Retirement is probably whats on his mind, he owns other businesses not directly connected to MLXO, and he knows he got taken for a ride by the Crooked Toxic Finance Firing Squads, or should I say, "MLXO Got thrown into the SHARK TANK" and eaten Alive by Convertible Debt.
Until someone buys this shell, the only thing going on until the Debt Gets Paid off is to play the Chart, you can see from the history when they get their monthly shares and then it takes a quick bounce when they SELL-OUT for the month. As far as .002 by June? Unless the Shell gets sold before then I seriously doubt it, the float is way too big now, just my opinion. I just don't want to see people get their hopes up too high when this stock has been nothing but a heartbreaker for the past 5 years. They haven't even released a PR for almost 2 years now.
I picked up 2 MIL last March 2009 at .0002, I think I see that on the horizon again, I just wonder how much "Bounce" this stock has left in it after the Convertibles are done? The Float is alot heavier than it used to be, going to be like lifting a ton of bricks before too much longer, we can at least be thankful that the A/S is only 1 BIL. What will Cornell do then???