Charting
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Tom G is just waiting on the paperwork to go thru, thats what he told me last week when I called him.
Someone is definitely loading the boat here and hanging on for a reason. I heard the new Corporation buying Michelex is a reputable one. NIR wouldn't be holding for nothing either.
SJJNAMARTIN; Michelex is on it's way out, and a New Corporation is on the way in. NIR is behind the Reverse Merger and NIR holds alot of shares and I know theres no way they are selling anything down here in the subs. My guess is that this heads toward the pennies once the Reverse Merger takes place.
There will be shortly, thats what the word is anyways. MLXO Is being bought out, the CEO will still be a 25% owner of stock. NIR is the one who brought the buyer to the table and NIR has everything to gain by running this up since MLXO owes them $1.2 MIL in Convertibles and I believe they already have their stock. My guess is NIR will hold on to their shares until after the Reverse Merger and then Run the piss out of it. On the other hand HighGate (Cornell), is still owed $300K and they have nothing to gain, so they are prob the ones playing this on the downside, even though they can't get any shares right now, they are prob shorting against the debt. These bigtime crooks only care about one thing, and thats dollars in their pockets, as much as they can get. What I wrote is "MY OPINION" based on what I've heard and been through over the past 4 years on this stock.
wzebra33 They still Owe CornHELL approx. $300K STILL!!! Thats whose most likely playing the downside, but I seriously Doubt NIR will sell anything down here. NIR & The New Owners prob have people on the inside of this thing that are prob buying up anything they get their hands on down here, even if it is Naked Air Shorts from Cornell, just my opinion. I don't think Cornell can get any shares right now so their prob naked shorting. Even though theres laws, this is still Unregulated Pink, and there is a Real outstanding debt. Thats how these pigs get away with the Bullchit, my opinion anyways.
koolmc; Usually it's the Biggest POS's that many smart Traders make the most cash on. When you know it's a P & D, and you play your cards right, and don't hold nothing for very long, take profits and play with free money, it's the Biggest POS's that end up being the Cash Cow's for Daytraders and Flippers. Getting Married to a Penny Stock like this is usually a Mistake, Many of us really thought we had a Diamond in the Ruff with this one, But like I said a "Few Years Ago", (And this IS NOT a Cutdown towards Tom), But Tom G just didn't have/(wasn't) "The Right Stuff", to run a Public Company in todays Penny Market. Tom G should have kept Michelex Private and he'd probably be retiring in style about now, if he had just stayed out of the Public Market with Michelex, but as soon as he took it onto the OTCBB, the Sharks Gathered round, and a Feeding Frenzy started, thats still going on today way down here in the Micro Subs. I heard Highgate House (Cornell Capital) maybe playing with this one recently, prob illegally. Ya know those "Air shares"? The ones that just appear from thin air because "They believe thay have a right to convert some debt anyways", kind of shares? Where did those shares come from? Out of the same hat the Rabbitt came out of I guess? What do they care, the SEC doesn't give a Rattz Azz anyways, they never do anything about the chit, especially when there is a real debt there to begin with. I believe that these Rich pricks from these Toxic Sharks tanks toss kickbacks to SEC People all the time, thats why we rarely see much action from the Security of Evil Commission in the first place.
DIT TOE...
Click on the Link to Stockcharts I have at the top of the I-Box, look at the Bolli Bands right now, compared to the other times they were this close recently. HMMMMMMM?
harr449; JLEO May be involved in the Reverse Merger of the company thats buying the MLXO Shell, maybe thats the MM this new Corp. uses and that might be why they are here and so active in the trading all of a sudden? Just a Guess anyways.
This one is either oversold or they are dumping new shares (Prob Convertibles).
HMMMMMM? Who is selling all these shares at these prices??? Makes ya wonder whats really going on? Are they just milking the chit out of the Cow before Slaughter?
Then again, this could be NIR Unloading their shares at .001-.0011, the after bell average dumps like today, 6MIL at .0011 after the bell looks like an average of the day dump according to a percentage of the daily volume. We saw Cornell do this a couple years ago when we were at .03, NIR might have someone running it up so they can dump at the .001 range instead of the .0001 range? Just another thought on the situation.
What I have in the I-Box was confirmed straight from the Transfer Agent back in March. If it's changed since then I don't know.
Thats anyones guess there, but I heard that NIR were the ones who brought the buyer to the table, and if you know anything about firms like NIR, it's all about PPS and Volume and BIG PROFITS! Thats all they care about is making as much money as possible, so my best guess is that as many shares as NIR has, they sure won't make much off them at this PPS level, and with a New Corporation doing a Reverse Merger into the MLXO Shell, I'd bet NIR is going to team up with some Stock Promoter and try and run this thing, Just like they did with BEHL, PTPC now ZENG, at least thats my hope anyways. Dammit we deserve it thats for sure, those of us who are still holding anyways, My Brother never averaged down like I told him to, he still needs .067 just to BREAK EVEN!!! Over $12G's worth. I'd love to see .10 again on this, but I'm probably dreaming with the O/S being 500 MIL and the Float approx. 200 MIL.
I can see whats going on with this one, someone on the inside of this deal is buying up everything they can as cheap as they can. They buy several Mil, let it run up and then take a break for a few days or weeks depending on how many sellers there are around selling their shares, they wait until it drops back down and buy up several Mil more, this will probably keep going on until the deal is done. My opinion anyways.
Theres no deal that I know of except the company getting sold off as a shell corporation.
MLXO Bid/Ask UT
MLXO Buying coming in!
I know that, DUH? I merely posted what I did because to most Traders looking at the Time and Sales it looks like someone sold 250K at .0013 and then the Bid dropped to .0012, BUT THATS NOT WHAT HAPPENED, They dropped the Bid yes, but they did it on a BUY ORDER, Usually when someone sells shares and the MM's Swap the shares to fill a buy order they list both orders, if that was the case it would have read 2 trades, we see this all the time;
.0013 + 250,000
.0013 - 250,000
But that didn't happen here, that tells me an MM had the Inventory and filled my order, I posted this so anyone watching this closely would know that this paticular print on Friday was not a sell order dropping the bid, they dropped the bid on a BUY Order, to me thats a bit strange, like they are trying to keep this down for some reasoon right now, probably until the paperwork goes thru. The higher the PPS over a given time fram, the more one party makes in the deal which is usually the one selling the shell, the lower the PPS, well you know. Buying normally ups the PPS not the other way around.
I think next Tues. or Wed. might be a big day, just a Hunch, I know they are just waiting on some paperwork to go thru but according to the SEC Filing some of the Terms with NIR are up on the 28th which is Tues. so who knows, when things like this happen like changing of the Guard (Hands), and they involved plan on taking it up, they will gradually do it many times, rather than Huge spikes that draw Red Flags from the SEC Watchdogs. I think we've just seen the begining of this right now, I think this is going much higher in time, Just my opinion from dealing with this stock for so Dam Long. I can Remember back in 2005 when buying any shares under .01 was a MAJOR STROKE OF LUCKY TIMING! LOL. It only happened a couple of times back then.
MM'S ARE PRINTING BUY orders as SELLS!!! I Had a Buy order GTC put in Wed. for 250K at .0013 just in case it took a dip and it filled this Morning at 11:30 and PRINTED AS A SELL, SO DON'T BELIEVE WHATS GOING ON!!! THE BID WAS .0013 ASK WAS .0017 TOO! SOMEONE WANTS TO ACCUMULATE this stock cheap right now in my opinion, before it changes hands, I heard the New Company is a Pretty Reputable company, and I did NOT hear that from Tom G, but from someone else that works for Michelex. They couldn't tell me who it is of course, LOL.
Action Qty Symbol Price Total Order # Acct Type Trade Date Time Completed Settlement Date
BUY 250000 MLXO $0.0013 $333.63 AAD479520090723 CASH 7/24/2009 11:30:27 AM 7/29/2009
MLXO(2009/07/24)
Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend
15:13:24 9375 0.0012 - OTCEQ_NBB
11:30:30 5000 0.0013 - OTCEQ_NBB
11:30:27 250000 0.0013 - OTCEQ_NBB
11:13:54 106068 0.0016 - OTCEQ_NBB
11:13:48 500000 0.0016 - OTCEQ_NBB
11:01:48 50000 0.0017 + OTCEQ_NBB
11:01:03 100000 0.0016 OTCEQ_NBB
NITE at .0016 X .0021 but hes not even logged on yet today, in fact only 3 MM's are even logged on so far and not even in the trading range. This according to Alphatrade anyways.
I grabbed a couple Mil shares at .0002 back in March when NIR Dumped a big load, that did wonders for my average. I have a feeling thats who might be buying back some of those shares they dumped.
I'll say this, there isn't many free trading shares available, they are being held by the company that holds the convertible debt., believe me they are not selling down here, theres something going on behind the scenes that they are involved in and will most likely be the biggest profiteers in this and when it goes down they will want this one in the pennies. If I remember right when the debt was created the convertibles were issued at over .02, something like .023-.025 area. Someone knows whats going down and is accumulating all they can at these prices, thats my belief having followed this one for well over 4 years now. I've been trading this stock since Feb. 2005.
I know, my Brother spent over $12K at almost .07, ouch!
Yeah well with any stock like this that has been beaten down to the bottom like this one has, "IF" it changes hands or something like that, it may never come back down. But if it is only a Pump and Dump then it will surely come back down, we just don't know whats going to happen yet, there are a couple things that are for sure that the longs that are left have been following up on.
The Problem is with the new developements that we have heard about, is that we don't know whether it is going to be positive or negative for those of us who have been sitting on this for years. It could play out either way. This could very well get back to the Pennies IF, AND THATS A BIG "IF", the news is positive for longs. We just don't know at this point.
I really think this has the potential to get back to the .01-.02 range in time.
There is no BIG SECRET, there is no secret at all, just a couple little things that have happened recently that are public knowledge for those who dig and do serious DD, and for those who have been sitting on this for years, well most of us that are left anyways, don't feel like just giving out what we have dug up to those who are only here for a quick daytrade or two.
I bet we could see .004-.005 today if the BIDWHACKERS would knock off the whacking and let it ride.
See what the BIDWHACKERS are doing to the trading right now? This could have a HUGE run-up if the Bidwhackers would stop whacking the bid everytime it gets up close to .002, why should the people who have been waiting for years to get their cash back, just tell everything they have found out thru years of DD on this just so they can daytrade and Bidwhack? Not too smart from where I'm sitting.
harr449,
The old news has nothing to do with whats happening now. email me if you want, investo77@yahoo
doinit, the news that they are talking about is not what you think it is going to be if you've been watching this one for a long time like many of us here. I basically know whats happening in a nutshell, no specifics because they cannot divulge that type of info. shoot me an email at investo77@yahoo if you like.
MLXO, The O/S is 498 MIL, the Float is 213 MIL, thats straight from the Transfer Agent back in March.
I've been in it since 2005.
Some Volume Today, Something going on?
I just hope they can at least get the plant reopened again, until they do that, not much will change, unless they get bought out by someone, which could be a good thing for the people who are still holding.
I averaged way down at .0002 glad I did now.
Nice to finally see some white candles headed upwards for a change on this one!!!!!!!!! Hope it stays there and not drop back like a rock.
We spoke with Colonial transfer after getting authorization from Tom to get the current share structure. I posted it in the I-Box. We confirmed with Tom that NIR is definitely the one Dumping shares, just like I have been saying for months and months now.