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negger0, I posted on Friday, that I spoke with Tom G and he told me there was NOT going to be a PR on Monday, why don't you start making some calls yourself rather then depending on other posters who seem to misunderstand more than they understand.
stcktrader13, How do you figure we have broken support?You need to look at this chart a little better. The uptrend is still intact why all the complaining?
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legalegaltx, NADA? Yeah I'm sure that all these High Powered meetings they have been having with Investment Bank/Bankers that are worth Billions are NADA going on. Your an Attorney right? Would Investment Banker/Bankers worth this much, and Attorneys keep meeting with Tom G for fun? Yeah I bet they are using up all these "BILLABLE HOURS" and Plane trips for NADA, PERSPECTIVE; THERE TELLING US "NADA" AND I'M GLAD, BECAUSE SOME FOOL AND I WON'T SAY WHO LEAKED SOME INFO OUT ON ANOTHER BOARD, HOW HE GOT THE INFO I'D LIKE TO KNOW, (He did it again yesterday), THE SAME ONE THAT KEEPS ACCUSING ME OF ALL KINDS OF BULLCHIT. So Yeah, were hearing NADA until the deal gets Inked, really it's better that way. Now Just because you've heard and seen "NADA" really mean that "NADA" is going on? Or maybe has Tom G learned another valuable lesson about keeping things a little more under wraps until they have a finished product to present to shareholders. Whats this thing you are calling the "Stock GURUS"??? 3 of us here have a responsibility here as Moderators, other than that we are no different than anyone else here, except for a couple of us that have been talking to Tom G for over a year and a half, is that a bad thing? You kind of get to know a person after talking to them for so long, how does that make us GURUS? The Rumors you've been hearing haven't been coming from me, I have ackowledged the Rumors, BUT IT WASN'T ME THAT STARTED POSTING THEM THATS FOR DAM SURE, THAT WAS STARTED BY A CERTAIN POSTER ON THE HotStockMarket Board. If I do happen to know something about these Rumors I'm posting "NADA". So if I were you, I would go find the source of all this you heard Months ago and ask them whats up because it wasn't me, and I'm no GURU either. I hope you understand where I'm coming from here, don't mean to offend anyone, but too many times someone like myself gets turned into everyones "Scapegoat" for things that others are responsible for as is the case now. People need to stop the finger pointing, go back and see who really leaked out all these Rumors and then maybe call Michelex Management and see if you can find out whats true and whats someones "Wet Dream" their posting. I won't post whos responsible for starting some of these Rumors, but you can email me if you want.
TheStockman10, MLXO Board Policy: Zero Tolerance for Spam, Bashing, Personal Attacks, or Distortions of Facts.
If you post things about the company that are untrue it will be viewed as an attack on the company and thats not what this board is about. Or if you post things that are personally attacking another member, it will be deleted, thats what you did and thats why your post is gone. Don't take your frustration out on me, and don't post twisted facts as if they were true and all will be fine, everyone has the right to post their opinion, but if it turns into MUDSLINGING that only breeds caos, it will be deleted, PERIOD! Go Mudsling on some other board.
Hurley, It's from "A FEW GOOD MEN" Jack Nicholson/Tom Cruise/Demi Moore
legalegaltx, Now let me put it into perspective for ya, MLXO has only been a big disappointment because, THE MAJOR RUN-UP WE'VE BEEN WAITING FOR HASN'T HAPPENED YET, RIGHT? If we were sitting at .35 or .55 or .80 would any of you be saying any of this chit? Do you realize how fast it can change? The deal that is rumored to be almost complete could send this stock to .25-.50 in 2 hours! I think alot of people have the FLU right now, it's called "WHINEREA". LOL.
zagdad I lost count on how many times we told Tom he needs a good IR Firm, hes got way too much on his plate right now for one Man to do, I think once the company gets back into the swing of things, getting used to being REOPENED, and Relisted, things will change bigtime.
M-16 LB, Keep it up and you'll find yourself in the Jailhouse I already have enough of your crap to send to Matt. This is your only warning.
I doubt we will see a PR until later this week,after talking with Tom G on Friday, hes in NY City Today meeting with the CPA's/Auditors, SEC Attorneys and an Investment Bank, who knows maybe tomorrow too. Everyone needs to just chill and let these guys get their business taken care of so we can get RELISTED on the OTCBB, among other things. So it's taking longer than everyone thought, big deal, I can wait a little longer, anyone who can't has the right to bail-out if they choose. But if this stock runs up to .20-.50 or even $1.00, I don't feel sorry for the IMPATIENT ONE BIT!
MLXO Board Policy: Zero Tolerance for Spam, Bashing, Personal Attacks, or Distortions of Facts. It's only about an inch or 2 above the last post. You want to call the CEO a Liar, go do it somewhere else, we don't Tolerate that Garbage here, I viewed it as a Personal attack on the CEO and only causes caos and arguing on a very Peacful Board and as long as I Am the Moderator I will keep it Peaceful. If you want to post Garbage like that, go somewhere else and do it, but here it's Cordial with Respect for others or it's deleted, Period. Everyone has the right to post their opinion no matter which side of the fence your on, and myself, Speedmasters and Hurley respect everyones right to their opinion, but be Cordial and Respectful about it, but don't be slinging attacks at the CEO or anyone on the board. If you have "ABSOLUTE PROOF" That the "CEO LIED TO YOU" and gave you Bull---- as you called it, then lets hear your proof, if you don't have proof, then you have no business posting crap like that on this board, I've talked with Matt several times before about this and although everyone has the right to their opinion, if your opinion turns into a "MUDSLINGING FIESTA" That only causes Caos and Arguing, well then thats where we draw the line. I Personally spoke to the CEO twice today as well as a couple other posters, and we discussed what was said, and you unfortunately misunderstood what he told you, he is leaving for NY City this weekend for a Major meeting with his CPA's, SEC Attorneys, and a Investment Bank and will not even be available to put out a PR, this has been verified by several sources all of which I believe 99.9% over you, so your post Insinuating the CEO Lied to you, only creates Arguements and Problems we don't tolerate here. I Hope you Understand and will be more Cordial, Respectful, and double or triple check your info before posting things like that from now on.
BB I guarantee you that if Tom G had the cash, he would buyback those shares out of the float and retire them, Did you know that Argilus offered the shares to Tom for .04 a share? He would have bought them if he had the cash he told me.
By JPadilla; Investo, i agree ... business is business and they are always delays and schedule changes ... I think everyone can deal with that. Most of us though are more upset over the fact that there is now some dilution. Yes, its not much ... yes, compared to other companies it's still considered very low float but you have said, speaking for tom, that there has never been any dilution and there will never be any in the future. Now we see some dilution ... little or a lot dilution is dilution. Maybe he should not have made this statement just like he should not have placed deadlines in the last PR's ... hopefully he is learning form these little mistakes.
JP Please don't post anyones names on here, alias's only Thanx. I deleted your post and reposted it without my name.
stcktrader13, I'm not about to argue with anyone about what Tom G. said, people Misunderstand things everyday, I specifically asked Tom G. if he told someone a PR was coming Monday, and he told me whoever posted that must have Misunderstood what he said. After my conversation with Tom G I doubt very seriously we will see a PR on Monday, but he sounded confident that he would have an update PR along with SEC filings next week, The Man feels very bad about the delays, and for puting "Mid-Sept." in a Previous PR for Relisting on the OTCBB to begin with, that is something you just don't do, always leave the door open for delays, because in the Business world companies are always depending on other companies to do work for them such as accounting. People really need to chill on this Stock, How many penny Stocks have made it through what this company has been thru without filing Chapter something? And then you have all these VULTURES Like http://www.argilus.com/ This POS Investment Banking firm that has disbanded,(not sure how true it is), I heard after screwing Michelex over with the Cornell Capital Scam, and then you have the POS Lender who sold Tom's 8 Mil Restricted shares in the .02-.04 area and now has to buy them back and would love nothing more than to purchase them back without losing their shirts, and on top of that we have a few scalpers lurking in here sitting on HUGE MARGIN accounts that have been playing MLXO Like a Dam Fiddle from the .02-.03 to the .07-.09 range and really don't care whether the company takes off or not, they just want to make their buck,(selfish basturds really). In Truth, there aren't many penny plays like Michelex out there, this Stock is for real and has the Potential of "RUNNING UP OVER A BUCK" if given the opportunity. I for one believe we will see a dollar again, just like that 2 year chart up above shows $1.58 for a high, $1.90 alltime high, and the float really isn't that much bigger than it was then, whats 8-10 Million shares? You've got stocks out there with floats in the HUNDREDS OF MILLIONS Running into the dollars all the time, and we have what 35 MIL Float? And people are screaming dilution? Give me a BREAK! How about puting this Stock into perspective by comparing it to a BUNCH of other Penny Plays out there that have virtually no REAL REVS, but are basically printing presses and PR Hype Machines for the daytraders and scalpers to play Games with, and these Pump & Dump Groups to feed on the Newbie traders. Give that some thought before BASHING MLXO for being a few weeks behind on their own schedule.
Whoever posted that a PR was coming Monday was talking Bull, I asked Tom about that and he said whoever posted that Misuderstood him, since an earlier PR Has got shareholders upset because they put Mid-Sept. as a Relisting timeframe and they were Unable to meet their own deadline, he is not giving anymore deadlines out but he did say they should have a PR out next week sometime, he doesn't want to shoot himself in the foot again. All he would say is they are working as hard as they can to get everything done, and the filings in as fast as they can. And the deals they have going on will be done soon. You have to have Patience with a company coming back to life, if you don't have the patience then get out thats all I can say. I can safely say I been waiting longer than just about anyone posting here, approx. 20 MONTHS NOW, so if anyone has room to whine it would be me, but I'm patiently waiting it out. To each his own decision on your own investment.
Tom Told me Today the Current O/S is 92 Mil, 8 Mil Restricted went to his ex-wife and 2 Mil Restricted to someone else I guess. I didn't ask what for. I believe 8 Mil will be coming off the O/S when they pay-off the Loan they got back in March for 175K.
Argilus was hired by Michelex back in 2004, if you go thru the old filings you will find all that, they hooked Michelex up with the Toxic Cornell Capital deal and they Terminated their contract with Argilus shortly after getting screwed by Cornell. Argilus, from what I've heard will never be hired by Michelex ever again. But their sorry azzez got close to 8 mil for their crappy performance anyways didn't they.
From what I was told their has been "ZERO" FREE TRADING SHARES ISSUED, The shares that were issued were to Tom's ex and other Family who borrowed the company cash for what exactly I'm not sure, Wells Fargo? Raw Materials? Tom G Knows, but I know they are Restricted and their Family is DEFINITELY NOT going to Dilute the float. V-Finance is selling shares for Argilus they were issued something like 7.9 Mil I believe back in 2004, the shares I heard had a 2 year restriction. Tom G has the answers.
Everyone can post their feelings and speak their mind, but any untrue postings will be deleted! PERIOD.
Michelex IS NOT DILUTING the float, Restricted shares from 2004 that this company right here is selling http://www.argilus.com/ , Just because these guys are selling their shares they have been holding does not mean that Michelex broke it's promise. Michelex has no control over what other people with shares do with them, if they choose to sell this cheap, then thats their problem, hey everyone is tired of waiting, myself included, but I'm not throwing in the towel on this company when we are in the last stretch of the long awaited journey back to the OTCBB, and back to Revenue coming in, and a merger in the works. Nothing ever happens as fast as we would like.
G-Ho, From what I found out, there were 7 or 9 people from Argilus http://www.argilus.com/RecentTransactions.asp that were involved before the company dissolved, thats what I heard I may be wrong, but Michelex hired these guys back in 2004 after getting shafted by Wells Fargo, and these guys set up the Cornell Capital deal and then Michelex got shafted some more, but I hear there are 7 or 9 people, something like that, that split something like 7.9 Million Restricted shares for payment back in 2004, I guess a 2 year Restriction was on these shares, One guy already filed a 144 back in Aug. for 800k shares, I'm sure his shares are gone, now someone else seems to be selling theirs, we don't know who or how much but they have to file a 144 within 30 days, I just can't wait until they are sold out, I think .05 is the least they will take for them after commissions. Now I'm not 100% positive on all this, if anyone knows more then correct me if I'm wrong here, but this is my read into it. They sure picked a heck of a time to sell.
I spoke with the Supervisor of Colonial Stock Transfer Company, the T/A for Michelex and I was told that back in early Spring of this year, 2006, they changed their Company policy to Refer "ALL" questions regarding the share structure of "EVERY SINGLE COMPANY" they represent, to the Company themselves. From what I gathered, they were getting swamped with phone calls for various stocks, "NOT JUST MLXO, BUT PROBABLY ALOT OF MLXO CALLERS", with questions about share structure, and frankly they were spending way too much time answering the phone and looking up info for people, (when technically it's not their job), that it was taking away too much time from their REAL WORK that they had to do for their Clients. I Understood Totally and agreed with them, MLXO Did not "GAG" the T/A, This Transfer Agent just got sick and tired off answering the phone from so many different people, many pizzed off, and getting asked questions some of which they are not allowed to answer that they shifted this Burden over to the Companies themselves to answer. If I was in their shoes, I'd Probably do the same thing if my phone was ringing off the hook with hundreds of calls for info that the companies could and should be answering for themselves. Now Granted, I myself, would much rather hear from the T/A what the share structure is. NOW, for the first year I was Invested in MLXO I never had a Problem getting Info from Colonial, it wasn't until this past March when we had a "PUMP & DUMP GROUP COME IN HERE AND MANIPULATE MLXO FOR THEIR OWN GREEDY GAIN, AND LEFT A BUNCH OF BAGHOLDERS IN THEIR WAKE AND LEFT A BUNCH OF PIZZED OFF SHAREHOLDERS TOO, YOU GREEDY BASTARDS KNOW WHO I'M TALKING TO! It wasn't till then that Colonial Transfer changed their policy, My EDUCATED GUESS is that after the PUMP & DUMP Group left their Pillage and Plunder that Colonial was SWAMPED with calls and Decided to send all the Phone calls from Pizzed off Bagholders to the Company itself. I called a few weeks later and tried to get the Share Structure for a Different Company and they wouldn't give me that either, thats how I knew they changed their policy on "ALL OF THEIR CLIENTS, NOT JUST MICHELEX" SAD BUT TRUE. It's too bad these greedy Pump & Dumpers have to wreck it for everyone else, especially the Longs.
poorTrader02, I called V-Finance yesterday and had a good talk with a supervisor from the Trading Desk for OTC Stock, they have Restricted stock from 2004 that the Restrictions have expired on, They "DO NOT HAVE ANY NEW FREE TRADING STOCK" The company is not Diluting and VFIN is not shorting, ya know for them to short this stock they would have to put up $2.50 a share as collateral, seems a bit ridiculous when the stock is trading at a nickel. Once these Restricted/Now Unrestricted shares are bought out, we will start climbing back up, I just wished we knew how many shares they have left.
How about trying the CEO, 315-769-2448 Hes a straight shooter and doesn't Bullchit anyone, theres nobody else but the company management that can gives you the right info, if this was a scam company, then I wouldn't call, BUT MICHELEX IS THE REAL DEAL, SOON THE WORLD WILL KNOW BETTER.
I can say FOR POSITIVE MLXO "IS NOT" DILUTING THE FLOAT! What we have here is Restricted shares from 2004 that the restrictions are coming off, the company has no control over that, this has already been verified, anyone posting on here that the company is diluting without at least calling to verify will be deleted, period.
stcktrader13; Sorry bud, I've been very busy and haven't had enough time to keep the board cleaned up. I'll take care of it.
Tom G CEO Has promised NO DILUTION and NO TOXIC Financing, he is a straight shooter and has never bullchitted any of us in the 18-19 Months I've known him, and now that they are back on their feet and wells fargo and cornell are gone why would he start bullchitting now? HE WON'T AND HES NOT, MARK THIS POST, NO DILUTION, NO TOXIC FINANCING FOR MLXO, TOM G WOULD NOT SIGN THAT CRAP AFTER GETTING SHAFTED BY WELLS AND CORNELL, HES LEARNED HIS "EXPENSIVE" LESSON!!!!!!!!!!!!!!!!
Ricky-D, Just curious, how many shares did you have? If you don't mind me asking?
amil on top of what you posted they expect over 30 Mil in revs next year, even more now that their competitor in Toronto CA closed up shop and went Bankrupt.
SOB Don't use my name on your crap. Beep, DELETED!
Investo is what? Better not be talking trash about me here or you'll be deleted!
The answer to your question can only be found if you would email me at investo77 at yahoo, I only have the free version here and can't reply to PM's.
We may get some filings sooner than you think, like possibly next week. They definitely have some catching up to do.
zagdad, if they shorted the 8 mil they wouldn't show up on the OTCBB short interest list because they were Restricted to begin with, and the company has to repay the loan before the lenders have to give back the 8 Mil shares, but if they don't have the 8 mil shares when the company goes to repay the loan, looks like someone is gonna have a problem, a big one.
Big Investors with deep pockets can sell short anything if they have enough cash to put up, and if they have a connection in Canada it would be no problem for them to short against these shares, whether they sold them short or Jimmied the Restriction somehow, they still have to give them back to the CEO when he decides to pay-off the loan, and I hear thats in the near future. And we documented the sale of these shares and the company verified with the DTC sheets.
realest, To make a long story short, back in March when Michelex made it's first payment to Wells Fargo after the settlement was reached, They were approx. $100k short, they borrowed $175K from a guy and gave the guy 8 Mil "RESTRICTED" SHARES AS COLLATERAL. The only way they become "UNRESTRICTED" is if Michelex Doesn't pay back the loan within 12 Months, well these Jokers went and short sold against the 8 Mil, (verified by DTC Sheets), thinking the company was going to Dilute and they would buy-back Sub-Penny, This is my Guess anyways, well Tom G. has Promised NO DILUTION and NO TOXIC FINANCING, and these guys have to cough up the 8 mil shares very soon here from what I hear. That means they have to cover first and most likely at a loss, and because they are Restricted shares, they are not showing up on the OTCBB Short interest list. And 8 MILLION Shares bought out of this tightly held float? OH MY, Good luck to them, they will have to run this up bigtime to get the 8 Mil shares back. If anyone can explain it better, have at it.
The short interest has to be much more than that for MLXO to still be on the SHO List. It just doesn't add up, and they are not counting the 8 Million shares that a Lender has to cough up for Tom G. that they sold short, thats the only way I can figure they sold them with a Restrictive Legend on the Certs.
Speedy will be the second and I'll be the 3rd I suppose??? hahahahahahaha
Nice to see a Green Day after all the Riff Raff on the HSM Board. Hopefully we continue the uptrend now.
Welcome SS, you won't find the kind of crap going on this board that goes on over there on the HSM Circus board, we just hit the DELETE Button if they do. Michelex is going to do very well, it gets down to whether a person has the patience or not to hold thru the hard times, This has taken alot longer than everyone anticipated but it will be worth it in the end.