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16.4 MILLION Shares Dumped AFTER The Bell, T&S;
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I called 866-THE-APPL Today, they NO LONGER represent Michelex as their IR Firm.
T&S; t 0.0001 6000000 OTO 16:00:48
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If Major Dumping like this keeps happening, the stock will eventually have a .0001 ask and no bid at all, I've seen this happen many times before, they dump and dump until the MM won't even buy anymore from the Toxic Financier who holds all the certs, like NIR in this case who Tom G borrowed $1.2 Mil from in exchange for Convertible Debentures, in those agreements, the Financier like NIR can force the Transfer Agent into performing "REVERSE SPLITS" so that there is a Marketable price for them to unload their stock and collect their debt. the ones who get screwed in this process are the "RETAIL BUYING SHAREHOLDERS" US!!!!!!! Because they will keep the Authorized number of shares at 1 BILLION, and reverse split the OUTSTANDING number of shares a 1/10, 1 share for every 10, R/S, would increase the share price X10 but the retail shareholder would LOSE 90% of his shares. LEGALIZED LARCENY!!!
6 MILLION DUMPED @.0001 AFTER THE BELL! UGGHH!
Sawdin; Myself, My Bro's, and friends are all still holding this POS, Unreal what Tom G let happen to this company. There are 5 girls working in the office and thats it's so I imagine hes surviving off the Hindsight Records revenue, I know he brought in a couple mil in revs off it a few years ago, but since he and his ex-wife own that seperately from the stock, that must be what they are living on, and paying wages to 5 girls in the office, probably minimum wagers or close to it I'd bet, taking orders online from Hindsight. His Son Pat Gramuglia is VP of Michelex Tri-Mark which I bet Tom G collects some royalties off from also;
http://www.trimarkmp.com/contact.php
So Tom G is probably doing fine while all the people that brought his share price up to the .06-.10 area while he unloaded millions of shares on us, got royally chit on. Reverse split will be coming sooner or later because any lender is going to want to have a decent share price to work with before lending this creep anything. Being PINK STILL after all the months/YEARS off RELISTING on the OTCBB talk, they will most likely Reverse split and leave the Authorized at 1 BILLION shares, seen it happen so many times here in Pink land, LATHER, WASH, RINSE, "REPEAT"!!!!!!!
Is anyone still holding this thing?
Sawdin; Are you still holding your shares? Haven't heard from you in a while, but then again I haven't checked my email addy I set up for this stock either.
I called the main office today and asked if they were still going to reopen the manufacturing plant this spring, the girl I talked to just started working there 2 months ago and didn't know anything, the plant IS CLOSED right now, Sharon Bishop no longer works there. Tom is unavailable as yet. I will be trying back later this afternoon and will post anything I find out. Myself and my family are still holding our worthless shares.
I hope I'm not the only one who sees the reality of what might be going on here with all this selling going on. It sure seems to me that someone has Legal Access to MLXO stock to sell on the open market to recover debt. Cash Loaned to MLXO (Tom G). My hunch is we are seeing NIR collecting, until someone finds out for sure, thats what I am believing personally. "IF" I Am right, at this price the amount of shares that will be issued to pay off the debt to NIR will be staggering, (At this PPS level). Today was all sells, and only netted someone just over $1,800.00, THATS ALL! 6 MILLION SHARES, At this rate to pay off $1.2 MILLION DOLLARS, 500 MILLION SHARES @ .0003 only pays off $150,000.00 G's, Tom G definitely needs to step up to the microphone and let the dam cat out of the bag on what is really going on here. NIR has a right to dump shares just like Cornell did, NIR is a Toxic financier just like Cornell, in fact they probably reside on the same city block, anyone posting crap like Trader2525 used to post, saying that NIR couldn't get shares because the SB-2 was filed wrong is talking BS, some paperwork errors would get fixed in a jiffy when the time has come to start collecting the debt.
All Hurley has to do is wait 31 days, take a damn good hefty tax write-off and buy back in. He has to wait 31 days so it's not counted as a "wash sale". I'm sure we will still be this low or even lower before the end of Dec. Until Tom G actually does something this stock isn't going anywhere, it's only going up if some big dudes with big bux start manipulating it. Still being in the Unregulated Pink Sheet Wild Wild West, and the economy and the market conditions I seriously doubt anyones going to come around and save us anytime soon. Not trying to be doom and gloom, but lets face the music here and stop pipe dreaming with this God awful messed up stock.
How do you know they are done? Tom G borrowed $1.2 MILLION from NIR according to the SB-2 filing, do you know how many shares it will take to pay that off at these prices? A hell of alot more than 35 Mil they talk about in the filing. Do the math it's just plain scary!
If I'm wrong about NIR where did that 9 MIL dump come from this afternoon at .0002 at 2:23pm? What the he11 is that chit????????????
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Hey Genius Johnny, who has ever been right on this stock yet? Except for the fact that Tom G is NOT Qualified for the Job of CEO of a Public Company, a Privately owned one hes good at, he proved that with 28 out of 31 years showing a profit while PRIVATELY OWNED, but what a Difference it is between Private and Publicly owned.
He's your Bro and he didn't even offer them to you first? Hmmmmmm? Strange.
Thats what the volume was at the time he posted his post, look at the "Time" of his post, Quarter after 3 PM, the volume was around 17 Mil, it went up to 18 after that and then with the AH Dump of 7.2 MIL, we have the 26 MIL total.
OMG 7.2 MIL @ .0003 After the Bell. Here comes the FLOOD! (Unfortunately) Thanx Tom G. What a wonderful CEO you are.
Looks to me like the convertibles are starting to come in before the end of the year. Probably NIR cashing in, making their balance sheets look better for the 4th Quarter by cashing in on stock from the various companies they have loaned cash to. My opinion FWIW. Prob going to get worse before it gets better.
I agree, and I have already publicly apologized on this board and on HSM for telling so many people the BS I was told from Tom G. You're absolutely right, I was pumping the crap out of this BECAUSE I BELIEVED TOM G WAS AN HONEST DUDE UNTIL I CAUGHT HIM LYING TO MY FACE! Thats why several posters are not my friends anymore, because they got mad at me for standing up and setting the record straight back in Jan. 2007, they thought that I should have just kept quiet, but if I had, I wouldn't be able to say now with a clear conscience that hey, when I found out I was being misled, I did everything I could to tell everyone else I had talked to about Toms lie, that way I was freed from it, and it didn't look like I was in it with him, because I wasn't and I wasn't about to take the blame for it either. Tom G made those decisions on his own, misled me along with everyone else, PERIOD!
Harr, listen man, that was not a personal attack on you, you were telling the guy to read the posts here if he wanted to know what was going on with MLXO, I was merely telling him to do his own DD, and NOT Get it from a message board! I've been reading your posts and you have kinda been pumping this stock a little when all the glimmer of hope we have is Tom G saying that he is reopening the Manufacturing plant this next year, but hey, who knows if thats even going to happen? I didn't even know he closed it down again!!! 2006 was supposed to be the big reopening of the manufacturing plants when he paid off wells fargo, and now hes REOPENING AGAIN? 3 years later? What gives? This stock is trading like a shell and we have no idea what the future really holds because Tom has so much debt. and we don't know how much is paid off or what is out there in Convertible Debentures or even a real solid grasp on what the O/S is, all we have is Speedmasters guesstimate of 300 Mil. So chill out man, I'm not doggin you, I just have to say something when you tell somebody to "Read the Posts" for his DD, thats just plain silly.
Sounds to me like Legal Jargon they have to say, to me it sounds like they have to convey a copy of the "Termination of the Lease agreement" to Ag-Pro, so Ag Pro can't say, well we didn't know, we weren't informed of the termination. Basically serving a copy of the termination to Ag Pro, now it's probably up to Ag Pro to apply for a new lease agreement if they choose to. Just my best guess based on my experience in city and township meetings and votes.
Rich, I've been in this one since Feb/March 2005, almost 4 years now, if you've read my posts, you know what my position is on Tom G running the show, this company needs someone with some real "Running of a Public Company" Knowledge/Experience under their belt, and the Balls to go along with it. Tom did a fine job when they were "Privately Owned", but hes a NOVICE when it comes to the Public Penny Market arena. He had 28 out of 31 years "Showing a Profit" Privately, Publicly it's been nothing but one train wreck after another. Enough said right there.
He who bases his investment DD on info from a "Internet Message Board" is a pile of money just "Waiting to be LOST"!!! Be much wiser than what Harr is saying, dig deep for info FOR YOURSELF!!! Don't take message board posters word for it, or depend on others for your DD.
4 maybe 5-6 MIL shares dumped 30 mins before the bell, then 3.6 Mil 6 minutes after the bell, looks like Convertibles getting sold into the float to me. NIR Maybe? Anyone heard anything recently?
Seemed like some short covering was going on yest? Maybe?
Right, but we have no idea whether there is an S-8 out there or not because Tom has made "NO ATTEMPT" to get "RELISTED" on the OTCBB since Oct.-Nov. 2006, he has alot of filings to get caught up first and being in pink sheet status, hes not even required to file an S-8 I don't believe. He can issue shares without us even knowing about it, one of the great many benefits of staying PINK, that why major players in the markets call Pink Sheet land, The Former "Wild West" where anything goes almost. LOL And you know Dam well hes not going to PR any new shares being issued, he could have issued 50 MIL shares on us and not say a single word, just like he kept quiet in Jan 2007 when Cornell unleashed to 15-20 MIL that took us from .03 to the .01's, I bet NIR is cashing in behind the scenes right now also, we may be able to buy a MIL shares for $2-300.00 soon, the question is whether or not we can get back to the .01's or not anytime within the next 6-12 months?
You should have tried at .0004
Well lets just hope that the........................
Mod-Squad doesn't read your last post I'm replying to right now, they delete stuff like that and use "Off-Topic" as the reason, I'm not joking either, they are way way more strict than I am. Some of you guys get mad at me for deleting posts when IT WASN'T EVEN ME WHO DELETED IT! It was the Mod-Squad. It should be called the "Kill-Squad" that shows no Mercy!
Anyways, if these shares aren't the new IR Firm, and it can't be NIR, because NIR has to follow specific rules as far as the amount of shares they can sell on a daily basis that is directly tied to the volume of regular trading, I forgot what the exact % of volume they can sell into but it's like 5% or something small like that, and if memory serves me right I think it's may be based on a 1 or 3 month average. Don't quote me on this, I'd have to go back and read up on it, it's been a while since I looked at those figures. SO WHO THE HELL IS DUMPING THEN??? Private placement from last Sept.?
I take your post as saying "Big Apple" IR Firm got paid in "Free Trading Shares" for their services? Is this correct? If so, have you confirmed this? Do you know how many shares they got paid? Nothing like a trip into the Micro-Sub Pit, for another guy to take shareholder phone calls. I sure hope this time he hired a "Stock Promoter", but by the looks of things he didn't, because usually a Stock Promoter will run the price up before selling a single share. They would Promote the stock first and get some new money coming in and raise the PPS up. I don't believe Tom G really understands the way the Penny stock game is played, we need a "PROMOTER" to PUMP the stock, I know many don't like to hear that, but thats how many many Penny stocks raise capital. Hire a Promoter who spams the company all over bringing in new buyers and raising the PPS way up FIRST. Thats what we need hear, this stock has fallen into Obscurity, what penny investors that are still around have either never heard of MLXO or don't know much about it, or just plain don't care, a Stock Promoter would go to work on changing that BigTime.
OMG!!! Dump City! I had a feeling this was coming, never thought I'd see the day MLXO was at .0004 on the bid, this is nuts.
One thing is for sure, there is an SB-2 Filed on Dec. 4th, 2006 that is a Convertible Debenture deal between MLXO and NIR, we were told that NIR would not get any shares because Tom was going to pay them off with his big financing deal, we all know he never got the financing. This IS NOT BEING NEGATIVE FOLKS! These are the facts, Tom G CEO of MLXO Never paid NIR off or he would of had to PR that by law, so the only option for NIR to get their cash back is NEW SHARES! Don't some of you people even know how this Toxic Financing works? Some of you seem to be dumber than a rock, I'm not being negative, sure it sucks and it's not good news BUT IT'S THE TRUTH REGARDLESS AND HITTING .0008 TODAY WE BETTER FACE THE TRUTH SOONER OR LATER! The SB-2 says MLXO borrowed $1.2 MIL and it's going to take a hell of alot of shares to pay that off at these prices.
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=4803569
Highest number of OUTSTANDING Shares in company history too! I'm sure theres alot of convertibles getting dumped, NIR is not the type of company to just sit on their hands and wait for Tom G to pay them back, they have a deal for convertible debentures, we were told Tom was paying them off with his big financing deal, well the Big financing never came thru, so I guarantee NIR is here behind the scenes somewhere. Unless someone has some credible info, I have to believe this because it's in the SB-2 filing.
Does anyone know what happened to all the cash MLXO (Tom G) Owes/Borrowed from NIR? Tom was supposed to pay them off way way back when he was getting all this financing, but since he never got it, did NIR get Convertibles for it? Please no BS answers, if you don't know, then don't post anything, I'm looking for the truth here.
What would be the sense of selling out at these ridiculous prices? My one Bro's 12G's are worth like $3-400? Hes just going to ride it out he said, if he loses it all, then he will have a major tax write-off.
For the simple fact that my family and friends that I got into this are not traders, this is the first time they have ever bought stock and absolutely no way are they going to put more money into a stock that has done so terrible. They really don't understand the term "Average Down", I've explained it to them, and their opinion is, "Thats fine for people like me that trade all the time" but for them it's "Throwing good money after bad" a couple of my friends can't afford to average down, they've got jobs, familys, mortgage payments that have went thru the roof after getting took by predatory lenders when they did refi's on their homes, ect. ect.
Let's get something straight here, I NEVER said that this stock WAS going to do a Reverse Split, I was merely warning newbies looking in, that the majority of stocks that get bought in the penny market do a reverse split before it changes hands and it's name, it happens to be a very common practice in the penny market, but I never said that it WAS going to happen here, merely that it could, once this is sold, Tom G will not be making the decisions after the sale so you don't know either. I would be very careful what Tom G tells you, he doesn't have a credible track record over the past few years giving people info over the phone, name one thing that has came to pass yet? That he has divulged over the phone.
Thats actually one of the things I've been saying for a long time now, that a company that knows what their doing, (like international consolidated), buying this stock is one of the best things that could happen here. I just have some serious doubts if it's going to help the longs who were not able to average down, like some of my family & friends whos average is .06 and higher. Anyone buying in now might turn out to do well, over the Long-Term, but for those who are stuck bigtime, may never get all their cash back.
I said "From" MLXO, not "Relevant". When MLXO puts out a PR concerning the sale in which they Legally have to, I will post it in the I-Box accordingly. BTW, you didn't answer my question about how this sale is good news for longs who bought in at .05 and higher???
Those are NOT PR's from MLXO, the last PR from MLXO was March 27th, I am not putting PR's from other companies in the MLXO I-Box, I can post the link possibly, but it's not from Michelex, so it belongs on that companies boards I-Box.
You should talk about caps, #10277.