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.
That was before the 3/1 "FORWARD SPLIT" this stock will never see prices like that again unless they do a massive Reverse split, back then the outstanding shares was way way way lower also, something like 14 Million total shares too, now we are bloated like a fatman.
The only way I see anyone benefiting from this is if Tom buys AG Pro, takes it Public and gives us longs matching shares of the new ag pro as a dividend? I find that far fetched from happening, I doubt if Tom would even take AG Pro public after getting screwed so bad. Unless this new plastics company is going to buy AG Pro, but it's out of Tom's hands now since he only controls 25%. I have a gut feeling it's going to be a long MoFo time before we ever see even .01-.02 again, unless a Reverse Split is implemented, and that doesn't increase value, only volatility, most companies lose value after a R/S. Waiting all this time for what? Geeeeeeeez, now nobody better say that "Investo said a R/S is coming", I didn't say that, but they do happen alot after a merger like this.
The local Massena area sure can use the jobs, but 175 estimated jobs over 3 years is still a drop in the bucket compared to what GM Powertrain is taking out of the area, I think someone said 1500-2500 jobs are gone from GM closing alone. Did I read this right? Toms losing 75% control of MLXO? Is this how hes financing the AG Pro acquisition? AG Pro would be a seperate entity from MLXO then, if thats the case, how will AG Pro becoming a seperate entity from Michelex benefit MLXO shareholders? Hell, if Tom gets AG Pro as a seperate entity from MLXO, they could remain private, and it would have no benefit to MLXO shareholders at all, our value will depend on the comeback made from the new plastics merger. If I'm right, theres not much to get excited about. Opinions anyone? I hope I'm wrong, but thats how I just read it, a quick once over, I only read the PR once real quick. What does some Longs have to say?
I'll tell you one thing that Biofuels are getting a bad rep. for, is the weather, they can't handle the cold temperatures as well as oil based fuels. One School district in Mid-Michigan, recently changed all their school bus's over to Biofuel, I don't know whether it was Bio-Diesel or not, but it was either this winter or last winter when we had a severe Arctic Blast with high winds and very very cold air with wind chills down near -60 -80 Below or something, everyone of their Bus's Fuel turned into a jelly like substances and when thawed out was completely unusable. Every single bus had to have their gas tanks removed and cleaned, fuel lines cleaned, fuel injectors or carbs which ever they had rebuilt and cleaned. It cost the school system a mountain of cash to get the bus's operational again. I think it was in Alma, Michigan. Don't quote me exactly on everything I wrote, I didn't read an article on it or anything, the bus driver that picks up my kids told me about it. Scary thought though on just how reliable the Biofuels can be, I've heard of truckers that can't run Bio-Diesel in the extreme heat areas like AZ, New Mexico, ect. ect. I'm not trying to downgrade the Biofuel business, just putting the other side of the coin on the face of it.
James Corbett, WOW!, Man if thats not a wake-up call? Are you serious? The Massena and Michelex industrial park looks like a ghost town? Have you ever drove by Michelex during a regular work day and seen if their are very many cars in the parking lot? If Not, then I bet the plastics division is probably barely running if at all? Man, this gets more and more deep in the crapola everyday it seems. If Tom doesn't have any revs coming in, the only way hes keeping the doors open is by selling shares, IMO. He really needs to come clean with us, does he really have anything good for us or not?
Well, the people I brought into this stock that I know personally, (Family & Friends), "Before VP Sharon Bishop Quit" I had two different shareholders, (Family & Friend), call the T/A and the T/A told them that all the T/A needed "FROM MICHELEX", was a phone call, email, or written US Mailed letter, From Michelex to Colonial, giving Colonial Transfer "PERMISSION" to give out the share structure to the person Tom G named in the letter,email,phone call. The T/A told us that all we needed to do was call or email the company, and ask them to give Colonial Transfer permission. These two seperate people, one family, they both did this exactly like I told them to, the response they got from Michelex was that they would present it to Tom G and it would get taken care of. The first time we waited almost a month, and got nothing, we did it again, waited a couple weeks, nothing. We did this 5 times total and they are still waiting for permission from Tom G to Colonial Transfer to discuss the share structure!!!!!!!!! I told them to even include whose name their stock was in their address and how many shares they own, in case Tom wanted to verify, and they we totally blown off by him. NOW THIS IS THE CEO's FAULT, NOT COLONIAL TRANSFER" HHHHHHMMMMMMMmmmmmmm What is he hiding??? Thats why I say "GAGGED" because Tom can easily free that info up for alot of people. Now IN MY OPINION, when all the CEO has to do is pick up the phone and call the T/A and say "Go ahead and give the shares structure information out to such and such and he doesn't do this for anyone? It tells me that he doesn't want the ACTUAL NUMBERS OUT IN THE PUBLIC! With all these REG-DEX's, just a wild guess from the looks of the PPS and the extremely low interest by penny traders in this stock, I would bet we have at least a 250-300 Outstanding share number, prob 150-200 Mil Float, Don't even try and quote me on that, thats just my own wild guess.
I'll say one thing about the PR from this past summer first, Tom said he was going to hire an IR Firm, but instead he hires a shareholder from this message board!!! I'm not saying anything negative towards Gary, but he IS NOT an IR Firm. He may have some experience in that field as I have had, but when a multi-million $ company says "IR Firm" you expect them to hire "A COMPANY" that is operative in the Market and has a following of Investors they can swing our way. Just another notch of incompetence in our CEO's belt. No offense meant Gary, Hope we'er still friends? LOL
As Far as the last PR? What did it say besides fluff to some angry ears? It seemed like something for Tom to put out to keep the natives from tearing down the house. He did not address one issue from last summer, A/S Reduction, Ungagg Transfer Agent,(which I know hes been getting calls on), the 15 Mil in financing, (which I heard ran off with someones 50G's, why did'nt he address anything specifically? All he used was broad statements with no info we could research, nor did he explain why these things are not happening, he just blamed it on market conditions which is the lamest excuse (old trick in the book).
He did not provide one single new detail the we could research, nor give any open & honest reason why nothings happened yet, or explain why the PPS is in the toilet. It takes a Man to stand up and say to the world, "THE BUCK STOPS HERE" "I'M THE CEO THIS IS WHAT HAPPENED" "THIS IS WHAT WE ARE DOING ABOUT IT" instead he hides behind the forward looking statement clause, gagged T/A, and words like "WE EXPECT THIS, WE EXPECT THAT" We have been hearing this same stuff for over 3 years now?
I'll tell you what, having his Transfer Agent Gagged for well over 2 years now is one of the big reasons new money is staying away. You guys that still call Tom need to be shouting it to him, "UNGAGG THE T/A NOW!!!" Why it's gagged in the first place I do not understand one bit.
stcktrader13; Very well said and appreciated. I just wish we has more level-headed people like you on here. You are exactly right when you said that myself, speed & hurley belittled anyone with counterpoint posts, and I look back and have to apologize for my actions to you an anyone else I did that to.
I came into MLXO as a shareholder back in Feb-March 2005, speed & hurley did shortly after, we started talking found out we lived in the same state, I asked them if they wanted to be assistant mods here, and thats all there was to it.
The Big problem we had this past year or more, is exactly like you said, this CEO BS'd me one too many times, thus my recent decision to only put verifiable info from 2nd & 3rd parties in the I-Box. And the reason it was splitsville for me & speed/hurley, they have so much into this that I don't believe they will ever stop shaking the pom poms, even as the water fills the boat around their feet, LOL, (That was a Joke), but they started bad mouthing be because my attitude toward Michelex & Tom G, changed as did yours, all of a sudden, they started telling people I was a basher and other derogatory crap. Tom G just doesn't get it, "YOU ARE YOUR WORD" If people can't believe what you say, and you don't do what you promised, well, that tells alot about a CEO. And the PPS says it all.
Thanx again for the Level-Headed cordial post.
That Rumor is so old it's changed colors from moldy green to brownish turd color! Tom told myself and a few others that same thing way back in 2006, he said that this guy was trying to get some other company into buying AG PRO, and one of the Head board members told him to back off or they were going to fire him.
kenco, Are you a shareholder of MLXO? I notice you just started posting on this board yesterday, are you familiar with any of the history here? When I said I won't take the CEO's word for confirmation anymore, I meant "STARTING NOW" THE DAY I POSTED IT.
You see I have been in this stock for 3 years now and have moderated this thread since then also. I have had so many conversations with Tom G (CEO) that I lost count years ago. Way back in Feb. 2005 when Cornell Capital was beating the crap out of this stock, I was studying "TOXIC FINANCING" at the time, and the first few conversations I had with Tom, My first questions were to see if he knew what was happening to his stock? Why it kept dropping day after day from the .30's down to the single digit's in a few months time? Tom G had no idea what was happening to the stock, he was extremely stressed out and perplexed trying to figure out what was wrong. I explained to him what Cornell was doing to the stock, I sent him several pages explaining Toxic Financing, and the strategies used by Hedge Funds like Cornell Capital. I told him also; "DON'T TAKE MY WORD FOR IT, TAKE WHAT I SENT YOU TO YOUR ATTORNEY OR BROKER AND HEAR IT FROM THEM". To make a long story short, he did that and FREAKED RIGHT OUT WHEN HE FOUND OUT WHAT CORNELL WAS DOING!!! It was like someone turned on the light for him and he could see what was happening, and only a few days later he told me that he was done with Cornell, he was paying off what he did borrow and was not borrowing anymore from them, and was breaking off from the $10 Million dollar SEDA (Standby Equity Dist. Agreement), he had signed. Thats when I started buying stock in the company, was when he made the decision to dump Cornell.
Now, it was obvious to me that the guy was not very experienced running a "PUBLIC" company, Michelex was "PRIVATE" from the start in 1972 until 2003 when they bought a shell, and they had 28 years reporting a profit prior to going public, so the guy knows what hes doing under "PRIVATE" rules. But ever since he went public, he has constantly fumbled the ball, time after time, and had made so many promises that he failed to keep it's not funny. Myself, and several other Longs here like Threeflight, (several others I won't name since we are no longer friends), but back in the Spring/Summer of 2006, we brought a ton of investors into the stock, I know in May 2006 the shareholder count was almost 900, and Tom G had everyone all hyped up with all kinds of things he promised us.
1. PR; April 2006, "REDUCTION OF AUTHORIZED SHARES FROM 1 BILLION TO 200 MILLION.
2. PR; RELISTING ON OTCBB BY SEPT. 2006
3.MERGER WITH "XNL" AND ACQUISITION OF AG PRO WITHIN A FEW WEEKS! (TOLD US THIS IN MID-JULY 2006).
4. PROMISED COUNTLESS NUMBERS OF SHAREHOLDERS ON THE PHONE THAT WE WOULD HAVE "NO DILUTION"
Well, the XNL Deal fell apart, there was no Reduction of the A/S, No relisting on the OTCBB, and they diluted us with approx. 15-16 MILLION shares in the fall of 2006, all Spring & Summer 2006 we had an average of .06-.09, and thats where most of the people we brought in bought in at, some got lucky and got some .03's-.05's, but the 15 Million new shares dropped our average from .06 down to .03, which we stayed at for months until Cornell started getting shares in Feb. 2007 and shorted the box bringing us down to the .01's .015-average, until the PR's this past summer!!!!!!!!
August 2007 we saw;
A SECOND PR; "REDUCING THE AUTHORIZED SHARES FROM 1 BILLION DOWN TO 500 MILLION, (NOT 200 LIKE PROMISED A YEAR BEFORE), AND A 15 DAY AND A 45 DAY TIMELINE FOR GETTING A $15 MILLION DOLLAR LOAN TO ACQUIRE AG PRO AND TWO OTHER CRUSHING PLANTS!!! Well here we are 6 months later and STILL NOTHING HAS HAPPENED! NOT EVEN AN EXPLANATION, AND ANOTHER REG-DEX PRIVATE PLACEMENT (MORE DILUTION) FOR $500,000.00 IN SEPT. 2007. Now we are down to the .002's and IMO, Cornell has Michelex right where they want it, the Micro-subs .0001-.0009 are not very far away, and thats where they would love to cover their shorts, and now they have 15-20 MILLION shares becoming UNRESTRICTED, FREE TRADING, Starting Yesterday thru April, all those shares to sell after they cover.
THATS WHY STARTING THIS WEEK, I WILL NO LONGER RELY ON TOM G FOR VALID INFO, I WANT ANYTHING HE SAYS NOW VERIFIED BY OUTSIDE SOURCES, Do you understand now?????????????????????????
I'll find you the info from 2004 when they signed the SEDA for 10 Mil with Cornell.
kenco, We were told this by the CEO himself, he told this to several shareholders who called him, if you can't believe him then I don't know what to tell you.
WOW, What an awesome thread you have here! MLXO signed a SEDA for 10 Mil back in 2004, they borrowed $1 Mil in a private placement from Cornell but never borrowed anything off the SEDA and after Cornell shorted from .20-.30 down to pennies the CEO broke off the SEDA deal, but still had that $1 Mil debt owing, then came the SEC Investigation of 9 of Cornell clients for manipulation of the stock by cornell, MLXO was one of the 9. Well nothing ever happened to cornell except probably a slap on the wrist, and they started shorting against the box last Feb. thru april when they convinced the MLXO Transfer agent to issue them at least 15 Million shares, (Maybe 20)? Anyways they were restricted shares 12 months, they are becoming free trading today, I think they will bottom it out and cover first, then pump & dump IMO.
kenco, heres the first two days they started, notice the 1st one 46 mins after the bell for 300K, the 2nd for 300k at 15;28, notice the "W" F symbol, w is for weighted averaged trade, but it is a short sell against their own restricted shares, I have all of them thru april 2007.
MLXO(2007/02/05)
Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend
16:46:12 300000 0.0325 - OTCEQ_NBB T (F)
15:53:51 2000 0.034 + OTCEQ_NBB
15:45:48 25000 0.032 + OTCEQ_NBB
15:39:57 40000 0.03 - OTCEQ_NBB
15:22:03 14500 0.032 - OTCEQ_NBB
15:19:03 500 0.032 - OTCEQ_NBB
15:14:39 20000 0.032 - OTCEQ_NBB
15:14:15 5000 0.032 - OTCEQ_NBB
15:14:00 22100 0.032 - OTCEQ_NBB
15:13:51 5000 0.032 - OTCEQ_NBB
13:47:18 16900 0.032 - OTCEQ_NBB
13:18:45 10000 0.033 + OTCEQ_NBB
11:29:24 6000 0.032 - OTCEQ_NBB
11:17:51 3100 0.034 + OTCEQ_NBB
11:17:51 3500 0.034 + OTCEQ_NBB
11:02:12 25000 0.034 + OTCEQ_NBB
10:56:30 10000 0.033 - OTCEQ_NBB
10:29:51 15000 0.033 - OTCEQ_NBB
10:22:30 25000 0.034 - OTCEQ_NBB
10:22:27 5000 0.034 - OTCEQ_NBB
10:21:42 20000 0.034 - OTCEQ_NBB
10:21:18 5000 0.034 - OTCEQ_NBB
10:21:00 5000 0.034 - OTCEQ_NBB
10:20:30 20000 0.034 - OTCEQ_NBB
10:08:39 10000 0.034 - OTCEQ_NBB
10:05:09 25000 0.035 + OTCEQ_NBB
09:50:00 5000 0.034 + OTCEQ_NBB
09:49:24 26600 0.034 + OTCEQ_NBB
09:48:30 5000 0.034 + OTCEQ_NBB
09:48:15 25000 0.034 + OTCEQ_NBB
09:46:57 33400 0.033 + OTCEQ_NBB
09:46:54 10000 0.033 + OTCEQ_NBB
09:46:24 50000 0.033 + OTCEQ_NBB
09:44:03 20000 0.033 + OTCEQ_NBB
09:32:33 10000 0.032 + OTCEQ_NBB
09:30:48 16000 0.032 + OTCEQ_NBB
09:30:18 20000 0.032 + OTCEQ_NBB
09:25:06 10000 0.032 + OTCEQ_NBB T (F)
09:22:06 10000 0.032 OTCEQ_NBB T (F)
MLXO(2007/02/06)
Time (EST) Volume Price Exchange Bought/Sold Tran/Type Legend
15:58:06 16000 0.031 + OTCEQ_NBB
15:28:48 300000 0.0296 - OTCEQ_NBB W (F)
15:20:06 1000 0.03 - OTCEQ_NBB
15:20:03 5000 0.03 - OTCEQ_NBB
15:17:51 20000 0.03 - OTCEQ_NBB
14:57:45 19000 0.03 - OTCEQ_NBB
14:56:54 25000 0.03 - OTCEQ_NBB
14:55:51 6000 0.03 - OTCEQ_NBB
14:05:00 20000 0.031 + OTCEQ_NBB
14:03:24 25000 0.03 + OTCEQ_NBB
14:00:36 20000 0.03 + OTCEQ_NBB
14:00:12 25000 0.0295 - OTCEQ_NBB
13:59:03 25000 0.03 + OTCEQ_NBB
13:24:18 25000 0.03 + OTCEQ_NBB
12:37:15 23000 0.03 + OTCEQ_NBB
12:33:09 30000 0.03 + OTCEQ_NBB
12:32:18 30000 0.0295 + OTCEQ_NBB
12:32:18 150000 0.029 - OTCEQ_NBB
12:14:12 20000 0.03 + OTCEQ_NBB
12:13:12 20000 0.0295 - OTCEQ_NBB
12:06:24 2000 0.03 + OTCEQ_NBB
11:27:36 30000 0.03 + OTCEQ_NBB
11:11:27 30000 0.03 + OTCEQ_NBB
10:34:15 20000 0.029 + OTCEQ_NBB
10:33:45 7500 0.029 + OTCEQ_NBB
10:19:06 20000 0.028 - OTCEQ_NBB
09:59:39 5000 0.03 - OTCEQ_NBB
09:34:57 25000 0.03 - OTCEQ_NBB
09:30:21 1500 0.033 OTCEQ_NBB
Well, Cornell still owns their shares, and I can show you the time & sales prints where they shorted us bigtime. They did it I can tell you that much, and a bunch of shareholders watched it happen too. I'm not sure how legal or illegal shorting against the box is, but the SEC has done nothing about it so far.
They are not Unregistered, they are Restricted, it is a grey area that the SEC Turns a blind eye to with most of these big Hedge Funds. Tom G already went to the SEC about Cornell, The only thing I heard Tom had on them was the fact that they owned more than 5% of the Outstanding shares, which in reality is the Transfer Agents fault for issuing them. But now with all the REG-DEX Private Placements Tom has printed the Outstanding share count is most likely well about Cornells 5% mark. What they do is give their 15-20 Million shares to their broker, he holds them and they short the stock accordingly. Heres a couple articles about it, they shorted this between .02-.03 last spring, now they will try and bottom this out to cover their short position that is against the shares they already own, then they will do a pump & dump, pump up the stock to sell their free trading shares, 15-20 MILLION worth. Cornell Capital are total manipulators, they have been investigated by the SEC up and down and in my opinion, someone at the SEC is getting paid off to turn a blind eye. We have been counting on the company to get this massive loan and complete their acquisitions, but so far every attempt has failed. Now we hear of a possible grant from NY State for $3 Mil, they probably have close to that in debt. they owe NIR at least $800K alone. They did owe cornell another $300K I'm not sure whats up with that.
http://www.investopedia.com/terms/s/sellagainstthebox.asp
http://invest-faq.com/articles/trade-short-box.html
SRT8, You are very right that MLXO has lost it's popularity, anytime a Pink Sheet promises the world, and makes people think; "Well this ones different than others" "This CEO is more HONEST & TRUSTWORTHY than the rest", and then they turn out to be the same old story, 1. No Relisting, 2. No filings, 3. No Reduction of the A/S after two seperate PR's in two years about the same subject, 4. Not one acquisition has happened after hearing about a. XNL, b. Sunrise Securities, c. Joe Salvani, d. Darbie Investment Bankers, e. The last one SCION or whatever it's called. NOT ONE HAS HAPPENED. 5. We have been diluted with Private Placements to the point that the people that bought in when this fiasco began going on two years ago are down from .06-.09 TO .002 some 2000%, GO TAKE A LOOK AT EVERY OTHER PINK SHEET THAT PERFORMS THE WAY MLXO HAS AND JUST SEE HOW POPULAR THEY ARE? GO SEE HOW MANY PEOPLE ARE POSTING ON THEIR BOARDS? Only the DieHard stuck Longs just like whats happening here, DON'T EVEN TRY AND BLAME ME BUDDY, I'VE GOT NOTHING TO DO WITH IT. And their is NOT, more deleted posts than posted ones, thats a total Lie and I can prove it, and Matt and the Mod Squad have deleted some of them also so take it up with them.
The short interest you are refering to is different from what Cornell Capital did last year, they were issued restricted shares and did whats called "Shorting against the box" and is not reported in the info you got from OTCBB.com, I have all the Time & Sales prints from last year, when I have time this week I will dig them out and post them, (I believe they are on a archived hardrive), they were printing their shorts after the bell at approx. 45-50% of the daily volume. There is no sign in the Time & Sales since that shows they covered yet.
I had Matt review my actions here, and he told me quote; "You made the right moves" Matt also deleted johnnyboo's last post, I asked him to look at it and he deleted it so johnnyboo has nothing to say to me, ask Matt why he deleted your post. Until I get confirmation that Michelex is acquiring AG PRO for sure, the pics are staying off, I will be trying to get the AG PRO management on the phone this week, I will not accept any confirmation from Michelex management anymore, they are not trustworthy, they have lied to us repeatedly and will not be used as DD for this board anymore, outside sources ONLY, will be used, if you don't agree with me, BOO HOO THATS JUST TOO BAD. If you want to cry to Matt, go ahead but he has reviewed my actions and gave me the thumbs up, that I have done the right thing. When I get someone from AG PRO on the horn and answer my questions, I will post the results, if the buy-out/merger is still on I will repost some pics, I wouldn't count on Tom G to release a PR telling us the deals off, with the PPS in the .002's he doesn't want a sell-off and be in the .0001's. Just like he left us in the dark when Cornell beat the hell out of us last winter/spring with the 15-20 MILLION shares they got, Tom never gave us any fair warning whatsoever. Be prepared because Cornell might beat us up even worse because the 15-20 MILLION shares they got last Feb thru April are becoming free trading now, they still have to cover their "Shorts against the box" from last year, and then sell their free trading shares, their goal is too cover as cheap as possible, (.0001-.0009), then pump it up to dump their 15-20 MILLION shares. Thats my take on the current situation.
Actually your post I'm replying to now is "OFF-TOPIC" and would be deleted my Matt or his "Mod-Squad", and your other post was also off-topic and a personal attack on me. This board is for discussions about "MICHELEX CORP". If you want to discuss my actions, then PM me or email me, I can't reply to PM's, if you don't have my email it's investo77@yahoo.com, why don't you guys understand this? I am not the subject of this thread, MICHELEX is, email me if you want to discuss what I'm doing and why. Matt told me to delete anything "OFF-TOPIC".
To anyone posting on this thread, Please keep your posts on topic, and refrain from personal attacks, all off-topic posts will be deleted, and anymore personal attacks and I am going to Matt to have those people BANNED PERMANENTLY from this thread. The Moderator is not the topic, maybe you don't agree with something I did, then send me an email or a PM with your suggestions, I will read anyones messages as long as they are CORDIAL. If you send me any name calling immature garbage I won't even waste my time reading it.
I decided to take all the pics out of the I-Box that I considered pure Pump, since this company has turned out to have such a bad reputation with broken promises. Even the promises of catching up their filings, and 2 PR's in 2 years stating they would reduce the Authorized shares, without following thru on either one. I have saved all the material and can reinsert it in about 20 seconds, but until this company actually does something, I think we have had enough people misled and lose their buts, and I don't think this I-Box should be used to make people believe that this company is acquiring all these other ventures, when all we have seen from them in the past 3-4 years is a CEO that has big dreams, but does not have the cookies in the jar to perform, and seems to be selling private placements, (Diluting our equity), just to survive. If they ever actually do something, I will repost the I-Box accordingly.
WZebra; Haven't read this thread for a while, whats "Scion" anyways? I'm in the dark on that one.
Don't know where the bears let it rip (Hunters Blinds? LOL), but FFBU dumps on everyone 2 days after every run-up, LOL, glad I bailed that POS last week above .02, shes back in the subbers again now making a new 52 week low today.
MM's have no shares, moving fast on low volume.
V you still in FFBU? Alerts went out this past weekend on it I heard, up 70% so far today.
I'm kind of glad they took it down, the owner of CapitalPros wasn't able to get much for his shares! LOL, hes an idiot selling this cheap anyways, anyone buying his shares in the subs is going to make out like a bandit, anyone buying in the .01's will too, I'd say now that they have sold off, I'd bet the float is probably 4.7-5.2 Mil now, I've been watching the Time & Sales the past couple months, and it only looks like they probably got maybe 1-1.5 Mil shares from the company for their little Joke of a Promotions job, a good IR Firm with a float this small would have run this puppy up into the .20's at least, CapitalPros is about a Joke.
The seller is most likely the Joke IR Firm CapitalPros Network, I spoke to the CEO Mark Poulsen in Australia the other night and he told me that they were not happy at all with the performance from CapitalPros, they basically "took the money and ran", and didn't do anything to promote the stock, if they did actually do anything, then they did a lousy job at that, I think the selling we have been seeing is Jonathan Pappie, the owner of CapitalPros seemingly one man team with a website, selling what shares he has left. This stock has such a low float, that it can run up to .05 on nothing volume, now that the selling seems to be over, a PR or another GOOD IR firm could run this up fast. Anyone buying down here in the subs or in the .01's stands to make HUGE Gains when this one blows. I am sending the CEO an email this weekend with some ideas for him to do to promote the stock, I hope he hires a good IR firm this time.
I called Australia last night and spoke with Mark Poulsen the CEO of FFBU, he said he was very unhappy with IR Firm CapitalPros Network that they hired this summer, according to Jonathan Pappie owner of CapitalPros, whom I spoke with last week, they only signed for a very short term trial, which by the sounds of it ended at the end of Aug. and judging by the dumping of shares last Fri. it's my opinion, that we saw CapitalPros most likely dumping the remainder of stock they were issued. Thats only my opinion. The CEO said that business is good and asked me to send him an email and they would send me some info on what they have going on, and update me with whatever he could. For a company like this with a float this small, the current price is ridiculous.
FFBU; I called Australia last night and spoke with Mark Poulsen the CEO of FFBU, he said he was very unhappy with IR Firm CapitalPros Network that they hired this summer, according to Jonathan Pappie owner of CapitalPros, whom I spoke with last week, they only signed for a very short term trial, which by the sounds of it ended at the end of Aug. and judging by the dumping of shares last Fri. it's my opinion, that we saw CapitalPros most likely dumping the remainder of stock they were issued. Thats only my opinion. The CEO said that business is good and asked me to send him an email and they would send me some info on what they have going on, and update me with whatever he could. For a company like this with a float this small, the current price is ridiculous.
FFBU; Man, What happened? They took it down on hardly anything, .008 bid, unreal. New MM on the ask now SALI, never seen that one on here before, hope he doesn't have a bunch of shares to unload. I thought it was going to close green for a change.
FFBU; From what I was told, the crappy IR firm they hired a few months ago has their contract expiring today (by the sounds of it), the company learned a lesson and has much better people coming in now along with their expansion, such a low floater, the .01's are a joke for this puppy, only 3.7 - 4 Mil in the float I was told. Seller is gone now, this AM it was PERT DOMS HDSN on the ask, they have all booked to .03-.05 now, only POP from here. Chart is primed now, next week/month should be good for this one.
Next week & month should be huge for this one, from what i was told, the crappy IR firm they hire a few months ago has their contract expiring today, the company learned a lesson and has much better people coming in now, such a low floater, the .01's are a joke for this puppy, only 3.7 - 4 Mil in the float I was told.
Yep, holding this baby for sure, I wished I had jumped on the ultra cheapies this AM at .007-.009 DAM! Missed out, wasn't watching.
FFBU .008 X .011 Parabolic SAR .023 Last trade .01 dropped on only 25K volume, about ready for someone to pick up extreme cheapies and run it, 500-700K volume sends this to .05 easy.
Good to know, seems like the players that have ran it in the past should be gearing up soon to hit it again, I'm basing this on the chart only though. I'll let you know what I find out from the company after I call.
FFBU .011 X .013 Parabolic SAR .028 and it looks like buying range just around the corner, I'm going to give the company a call and see if they might have a PR or something coming soon. By the way V, are you still in FFBU?
JJdivini; Anything new happening with this one? It's been deadsville for the past 5-6 weeks, sad for a stock with such a low float, this puppy can move up to .05 on relatively low volume, I heard the float is like 3.7 Mil
The Float is so low this could bounce to .05 on 500K volume easy. I heard it's like 3.7 Mil
Don't bother wasting time finding her post, I already said it wasn't important, I was just curious if she was still in MLXO or not because I seen a "LegalTX" get kicked off of smallcaptrading and was just curious if that was her. No big deal at all really.