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.
I wonder whats going to happen if cornell runs this up to the A/S Limit??? What will they do then? I can't believe Tom G has just let this get so out of control, talk about just folding up his tents and surrendering to the enemy, Geeeeeeeeesh. He should listen to a little Pink Floyd; "Don't give in, WITHOUT A FIGHT"!
RE; "Hey You"
Pink Floyd
Hey you!
out there in the cold
getting lonely, getting cold, can you feel me
Hey you! Standing in the aisles
with itchy feet and fading smiles, can you feel me
Hey you! don't help them bury the light
Don't give in without a fight.
Hey you! out there on your own
Sitting naked by the phone, would you touch me
Hey you! with your ear against the wall
Waiting for someone to call out, would you touch me
Hey you! would you help me to carry the stone
Open your heart, i'm coming home
But it was only fanstasy
The Wall was too high, as you can see
No matter how he tried he could not break free
And the worms ate into his brain
Hey you! out there on the road
Doing what you're told, can you help me
Hey you! out there beyond the wall
Breaking bottles in the hall, can you help me
Hey you! don't tell me there's no hope at all
Together we stand, divided we fall
3 Mil @.0003 10Mins after the bell.
The debt collector is unloading, and someone is buying them up, prob a pre-arranged deal, my guess is that this debt has to be wiped out before they can go ahead with a sale and Reverse Merger. My guess is that it's an easy and cheap way to gain a controlling interest for someone. Just my opinion though.
I don't know, I haven't talked to anyone from the office in a few months, (if theres even one still there), LOL.
I don't know anything new right now, I haven't called the CEO in Several weeks and the last time I talked with him all he could tell me was that they had a problem in Salt Lake City that was holding up the sale of the shell, Salt Lake was the other Michelex Plant site, and where their SEC Attorney is and also where the Transfer Agent is Located also, so he couldn't tell me exactly what the hold up is, so it anyones guess right now. I have an idea of what it is, I've already posted it if you want to look back thru the last couple weeks of posts.
I picked up over 1 Mil at 4 last week
It's gotta be Cornell Capital, theres only 2 debtors here NIR and Cornell, NIR Brought the buyer to the table i guess, so they're involved and now way are they selling any convertibles down here. But I think it's Cornell Dumping and someone is Obviously Buying up all their shares, maybe insiders for the buyer? Who knows. But it just seems like the shares are changing hands, thus the very little movement up or down but lots of volume.
Well thats good to know,it all depends on the deal I guess, Tom G told me he had to give up half his shares and be a 25% owner to do the deal, but that was 5-6 months ago and back then he was saying it wouldn't be more than a month or so and the paperwork would be done and they could finalize the deal, so something is definitely sour here, theres no way it takes this long for paperwork, no way. I think they have Cornell in the way, thats my gut instinct, and they can't stop them from dumping either, thats what I think the manipulation has been in these large volume days without any movement, or it goes up for a little bit to spark peoples interest and then goes right back again, thats gotta be Cornell dumping. If it is indeed Cornell, I can't till the Dirty Crooks are done. MY OPINION
The thing thats scary though, is that with all the shells stocks out there in Pink Sheet land, who knows if the company that was going to buy it might change their mind after waiting so long? Who knows, maybe they find a better deal and then Tom G (CEO) is stuck trying to find another buyer? He told me way back in July that "he was just waiting for the paperwork to go thru", WELL IT DOESN'T TAKE THIS DAM LONG FOR PAPERWORK TO GO THRU!!! THERES SOMETHING HES NOT TELLING US.
He Probably won't either, hes told so many people that i know of that he'd call them back and only once in a blue moon does he ever actually do it. I have a feeling that the hold-up is the debt they owe Cornell Capital. I don't think they can finish the sale until Cornell is done Selling out and the debt is paid off, why would the new buyer want MLXO's Debt? Unless The CEO can somehow pay them off without letting them dump shares, but what are the odds of that happening? The Debt was $300 Grand last year, or the begining of this year, what it's down to now I don't know, but at this price, it gets paid off SLOWWWLY. Once Cornell is gone then they can probably finish the sale, thats just my opinion anyways.
I think it's Cornell Capital, they still have a debt that they owe to Cornell and Cornell gets Convertible debentures, (Free Trading Shares), to sell to repay the debt. They've owed Cornell for years, since 2003-2004, and it's still not paid off.
The CEO was telling us back in the summer that he was just waiting on the paperwork to go thru for the sale of the MLXO shell, but it doesn't take 6 months for paperwork to go thru! I don't think they can close the deal until Cornell Capital is out of the way? I'm sure there Is Someone out there that knows more about Reverse Mergers than I do, but I believe they can't/won't close a deal until a debtor is out of the picture, maybe thats why we are seeing all this volume, Cornell is probably unloading their shares and the buyer of the shell might be buying up those shares? We know Cornell has a right to get shares, in my opinion, it looks like they made a deal behind the scenes to let Cornell unload and they agreed to buy cornells shares, I think thats why we have all this record volume and the share price is going virtually nowhere. Anyone that knows alot about RM's please post reply.
I think it's obvious that shares are changing hands, from Cornell to Whomever is buying this thing, thats my best guess. It seems to me that they probably came to an agreement at a certain price range to let cornell unload and they would buy them from them, someones buying up the shares thats for sure, if they weren't we'd be lower than this. My Opinion.
Rather than taking up a lot of time trying to explain it to you, here is the definition taken from wiki;
Reverse Merger Wiki;
Reverse takeover (reverse IPO) is the acquisition of a public company by a private company to bypass the lengthy and complex process of going public. The transaction typically requires reorganization of capitalization of the acquiring company.
This company is being sold as a shell stock to a new corporation, all the plastic Injection Mold Machines were auctioned off back in June. A Reverse Merger is about to take place. The CEO won't disclose who the new Corporation taking over is, but I was told by a guy that works in the office that it is a Credible Company thats buying MLXO, The CEO will still own 25% of the company stock, but the name will change along with the Ticker Symbol.
It sure seems like it could, if Tom G can get this sale closed! He hasn't completed anything for the good of the Company or the shareholders, (Besides more Debt) in the last 4 years, lets hope he can at least pull off a sale of the Company to a Corporation that knows what they are doing in the Market and can get the Share Value out of the toilet. If he can just get this sale completed, then maybe we can see some real action here.
I asked "John", a guy that works for Tom G the CEO, in the office there if the Corporation that was buying Michelex MLXO, was a very Credibile and very big Corporation, and he said YES IT IS, obviously he couldn't tell me anything specific or the name, but he said that it should be a good thing for the MLXO Shareholders that still have their stock. Now I don't know this John guy or really anything about him, or how much he knows about the Market, but thats what he told me, and that was back in the June-July area. Tom G also told me that He (Tom G) will still be a 25% shareholder, so hes not going to be totally out of the picture here, hes just takiing a back seat to whoevers buying this. Thats why I'm holding, buying, flipping, ect. I have a feeling this is going to run up into the .01-.02 area at least, when the Reverse Merger gets finalized. Whether it stays there or not is another topic. JUST MY OPINION THOUGH.
Look at the Bolli Bands and the CMF on this chart???;
http://stockcharts.com/h-sc/ui?s=MLXO&p=D&yr=0&mn=6&dy=0&id=p35085230990
Thats why I grabbed 2 Mil back in March @ .0002, talk about bring the average down! I tried for more but that was all I could get, That helped the Average Bigtime. Still been buying anything .0005 and under, flipping some.
You didn't hear it from me, but you might have read my posts on this thread about it.
Thanks
The CEO has been working on the Reverse Merger for months, I talked to him Friday and it sounds like everything is done, he said they had a small problem in "Salt lake city" but couldn't elaborate on what it was or how much longer, but judging by the volume today it's got to be close.
I have that same one from OTCBB, neither of my online brokers have T&S History on Pinks.
Can someone post the "Time and Sales" since the open this AM? I just got in today, looks like I missed a Bonanza of trading this morning. Thanks.
The Charts don't lie!
Actually when the reverse merger finally goes thru, this stock could see one heck of a huge bounce, someone has been accumulating this for a reason. Some of the people that are around the insiders or know the insiders here are probably some of the very people I just mentioned. A Reverse merger into a Corporation that has any Revenue income at all will take this up to .002-.005 easily, if not higher. Michelex has NO REVENUE AT ALL! IT'S A DEAD DUCK, SHELL STOCK, AND IT'S TAKING SWINGS FROM .0003 TO .001-.002 Like nothing when buying pressure hits it. I believe alot of the Free trading shares are being held, and whoever is dumping, at the end of the day, (the 1-2MIL Blocks we've been seeing), and that is more than Likely HighGate "Cornell Capital", the shares they are dumping are being eaten up. So when the MUSIC'S OVER, for Cornell, and their shares are gone, and this merger gets finalized, I believe we are going to see a BIG Bounce. Just my opinion
If you don't mind me asking, How much did they give ya at .0005? I got 750K couple weeks ago at .0005. I picked 2 Mil back in March at .0002 brought my average way down, that was a lucky one day thing LOL.
I bought at the bid, they filled my buy orders at the bid but my BUY orders printed as sells. I'm refering to monday the 19th
MM's Printing buy's as sell's again, I picked up a crapload at .0005 and it printed my buy orders as sell's.
Tom G did mention that NIR is being Investigated by the SEC for something, (NOT Related to MLXO), but he thought that maybe it could be a reason for it taking so long for the paperwork to get done.
Not in the past few weeks. Hes been saying all hes waiting on is the paperwork to go thru, I've been told that for the past 2-3 months now.
Notice how fast someone bought those shares up? I'm telling ya, someones accumulating this bigtime, I have the feeling that as soon as the Reverse Merger takes place, the Micro-Subs are history for this stock. Just my opinion, but thats why I think this one moves up so fast anytime someone starts any buying pressure, the MM's don't have much of an Inventory here.
What this stock needs.............................
Is some "PLAYERS" "TRADERS" "FLIPPERS" "PUMP & DUMPERS" to start playing this one, give it some real volatility and everybody can make a bunch of cash playing the highs and lows.
The only reason I'm buying it, is to flip it, buying anything .0006 and under and selling .001-.0019 or higher is about my playing field right now.
L2 on the ask looks awful thin this AM, 1X .0007, 1X .001, 2X .003, 2x .0045
They've been doing alot of that, filling buy orders on the bid and making them appear as sells on the T&S sheet.
I had two buy orders in, one at .0005 for 500K and after a bit I threw a 250K in at .0006 that filled almost instantly. I keep a buy order in at the bid anyways.
I have no idea, The Michelex office is being pretty tight lipped about it. I asked about many things and they just can't divulge much info without getting close to the "Insider Info" area of information. I can tell from the few times I've talked to Tom this summer, that he can't wait until this is over. The past few years have taken a toll on the dude, I mean look what these Crooked Toxic Financing Companies have done to him; Between Wells Fargo, Cornell Capital, Ayudah Funding, The Investment Banker that brought Cornell in, That Joe (Whats his name) that he hired to make the deal for AG PRO, JH Darby, Sunrise Securites, Sagoma Plastics, The New York Senators that were supposed to get him Grants for the Biofuel Start-up, and then to top it all off the SCION Fund Rip-Off Scam that Stole $50K from Tom G with a Promise of $15 MILLION in Financing!!! I almost forgot the Deal he supposedly had with the Big Board Stock " Xethanol" XNL, that got everybody started on this one in the first place back in 2006 when Tom PR'd all the promises of Relisting by Sept. 2006, Reducing the A/S to 200 MIL, ect. ect. For Tom G to go thru all that chit and NOT ONE SINGLE THING EVER GOT COMPLETED, NOT ONE DEAL EVER GOT SIGNED, NO RELISTING OR REDUCTION OF THE A/S EVER HAPPENED, AND THE GUY GOT SCREWED BY VIRTUALLY EVERY FINANCING COMPANY HE ENTERTAINED!!! It's no wonder the guys still got his SANITY!!! Tom G has lost a GoldMine Opportunity here, and I can only Imagine that with all the Stress and Sleepless night he's Probably went thru, he just can't wait for this Nightmare to be overwith. What an expensive Lesson to learn of how Corrupt the OTCBB and Pink Sheet Markets really are. There are so many Small Cap Corporations that have been destroyed by these Toxic Financiers, It's amazing how the SEC just sit's back and still to this day lets it keep happening.
I think we have Two Toxic Sharks in the water here at the same time, NIR's inside Traders or The New Corporations Insiders Buying up stock, and then you have Highgate House "Cornell Capital", on the other end driving it down since they still have a $300K outstanding Debt. owed to them in Convertibles. We could be watching "SHARK -VS- SHARK" Here! LOL. My opinion of course.
This volatility is getting fun, I just snagged another 250K at .0006, Flippers Dream.