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MLXO Is not a "SCAM" and any UNTRUE Posting like that will be DELETED! Deputy 7 said so.
POSTING UNTRUE STATEMENTS ABOUT MLXO WILL NOT BE TOLERATED, PERIOD!
g-invest Sorry but Commander is an Offshore holding co. of Cornell Capital, Cornell "OWNS" Commander. You must be a young smart-azz rookie.
Hurley Cool Pic!em
Talonsin I have posted this several times already BUT since we have new Investors here now that have not read the past pages of posts here goes again, If you read the DEF14 Filing, the Increase in Authorized shares to 1 BIL is Coupled along with a Loan From "Commander Capital" who is owned by "Cornell Capital",(From what I was told). MICHELEX IS "NOT" GETTING THIS LOAN FROM COMMANDER CAPITAL! THE 1 BIL AUTHORIZED WAS COMMANDERS(CORNELLS) IDEA, SO THERE WOULD BE ENOUGH SHARES FOR ALL THE CONVERTIBLE DEBENTURES, BUT THAT DEAL IS OFF!!!CORNELL IS UNDER A MAJOR SEC INVESTIGATION FOR MANIPULATING MLXO STOCK! If you need confirmation of this I suggest you do some DD for yourself, Links are in the I-Box, and make some phone calls. Michelex has "NEW FINANCING"! They have a Major Lender paying off Wells Fargo, after Wells Fargo is paid off, they have someone who is Loaning the company "OPERATING CAPITAL" So they can get their Production lines back to work, and the Revs coming back in at a Normal Pace. I don't know who this person is who is lending the company operating cash, BUT I have been assured this, "THERE ARE NO NEW SHARES INVOLVED, NO CONVERTIBLE DEBENTURES, NO DILUTION OF THE CURRENT FLOAT" It sounds to me like this Person is a shareholder himself and to secure his loan, he will be made a Lienholder on some property or assets that Michelex Owns. The CEO is very SERIOUS ABOUT NOT DILUTING THE STOCK AT THIS TIME! HE SAID LATER ON DOWN THE ROAD AFTER THEY ARE BACK ON THEIR FEET, THEY MAY OFFER SOME NEW SHARES TO RAISE CAPITAL, BUT NOT AT THIS TIME. RIGHT NOW THIS STOCKS FAIR MARKET VALUE IS .175-.18 BASED ON THE LAST 10K AND I BELIEVE WE WILL BE THEIR SOON, ESPECIALLY ONCE THE COMPANY IS RELISTED ON THE OTCBB. CALL YOURSELF TO CONFIRM WHAT I HAVE POSTED. "NO DILUTION AT THIS TIME" I'd say for at Least 6-12 Months before they are ready to offer any NEW SHARES. The timeframe on that is my opinion from talking with the CEO.
phil77 Next PR should confirm signing of the Wells Fargo Settlement, CEO is in NY this week hopefully signing, one thing for sure, the day it gets signed, the shorts that shorted this down to the .02's from .06-.08 will cover in a hurry, everyone should jump on the MOMO when that happens and run this puppy back up.
Nice Cup and Handle Forming, the Day the Wells Fargo settlement is "SIGNED" the shorts will cover in a hurry, and will Finish off the Cup and Handle Formation, that will be our break out of the single digits this next time and test the teens, MY OPINION, of course.
navvin1 CEO Is waiting on Term-Sheet for settlement, then he can give wells fargo their cash, both sign it's over! Shorts cover and back to .06-.08 in my opinion. It could happen any day now, CEO Said on Thurs it could happen as soon as Fri. regardless it's now a matter of days not weeks in my opinion. Patience wins here folks. Those who are eager to sell, do so to their own peril in my opinion. The MM's and wells fargo play hardball, make as much cash as they can off this deal, more shorts to cover now.
The A/S is not raisd up, call the T/A, I called this morning it's 100 MIL Authorized. That DEF14 was Cornell Capitals doing, Tom has not changed it yet because of the ongoing SEC Investigation, but he is not going to dilute this stock, call yourself and ask some questions.
g-invest Dude you must be dumb as a rock, the REG-SHO List IS NOT for stocks with Uncovered short position! It is for stocks that have "SHORT-FAILS" Or commonly called "NAKED SHORTS Or Fail to Deliver, thats what SHO is all about. When Cornell they set aside shares at the DTC reserved for shorting so they are Legit shorts, Cornell doesn't naked short and would not be on the SHO List. Read up buddy you got alot to learn!!!!!!!!!!!!!!!!
I bet they are back on the OTCBB within 30-60 days 90 Max. Just my opinion, Tom told me most of the 10K's and Q's are done.
g-invest I'll let you in on a little secret that will blow your mind. Cornell cannot touch Michelex stock right now AT ALL!!! They can't convert any shares at all right now, and probably won;t be able to for a while either. Do you know why? They are under Investigation for Manipulating MLXO Stock, do you know what that means? Anytime the SEC Starts an investigation like this kind, the issue Cease and Desist orders, so the Victim Company cannot be touched during that investigation, froom what I hear, Cornell is probably shakin because that means they cannot even cover a short position, they can't trade this stock period. Think I'm joking? Make some calls see how right I am.
g-invest You need to call and talk to the CEO, you don't believe me so I'm not wasting anymore time talk to you about it. I've been right on with everything I've posted so far. And it's been a year almost.
JUST CALLED THE T/A ALL NUMBERS THE SAME EVEN THE AUTHORIZED IS STILL 100 MIL, I TOLD YOU THEY ARE NOT DOING THAT DEAL WITH COMMANDER (CORNELL). EVERYTHING IS THE SAME AS LISTED IN THE I-BOX, 84 MIL O/S 27 MIL FLOAT!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!CALL YOURSELVES TO CONFIRM.
harr449 I would Blame Wells Fargo and Cornell Capital before blaming the CEO here, he got took for a Major Ride, and remember we may see Indictments handed down to Cornell Capital on this yet, and they would have to pay MLXO Restitution.
g-invest Michelex is getting back on the OTCBB so cut the crap before I delete your lying posts, Do a little DD for yourself, the company accountants are working on the 10K's and Q's right now so they can get back on.
Commander Capital I was told is an offshore holding company of Cornells, Since they are being Investigated by the SEC, it appears they tried to be sneaky and cut a deal with Michelex with one of their offshore companies, well it didn't work and Tom G. found someone else, I don't know who the Lender is but I know there are "NO SHARES INVOLVED" For this persons Cash hes lending, sounds like he will have aLien on certain Property of Michelex, thats why the deal has to happen after the Wells Fargo settlement is signed. Thats my understanding of it. They are not Dumping new shares, think that if you want, but it's not happening. Call yourself.
Hey Dumba$$ that Deal with Commander Capital who is really an offshore entity of Cornell, THAT DEAL IS OFF, THEY ARE NOT GETTING THAT LOAN, THEY ARE GETTING A LOAN FROM SOMEONE ELSE WITH NO SHARES INVOLVED, NO CONVERTIBLE DEBT INVOLVED! CALL THE CEO YOURSELF!
Totally Agree with you I Believe this stock has just begun to move back to it's fair valuation, there are 2 "MAJOR" Factors that those selling are not taking into consideration, and that is that the 2 "MAJOR" Manipulators of this stock "ARE GONE" Wells Fargo from what I've heard, a group within Wells Fargo Most Likely had a considerable Short position, and Cornell Capital who UNDOUBTEDLY Had a HUGE Short position, find themselves backed into a corner by the SEC,(Rumor is that the SEC Investigation has a Cease and Desist Order on Cornell from touching any Michelex stock), so they are Unable to touch the stock from what I have heard,(Wouldn't that totally suck to have a short position and not even be able to cover it because of a cease and desist order!hahaha). SO THAT ONLY LEAVES THE MM'S AND THE DAYTRADERS, FLIPPERS, SWINGERS,ect,ect,ect. That means that this stock "IS FREE TO RISE IN PRICE TO IT'S FAIR VALUATION"!!! Which by their last 10K, is approx. .175-.18 per share. The Group Players and the Daytraders have got to love this one, because the "FLOAT IS SO SMALL WITH NO THREAT OF DILUTION AHEAD", THIS CAN BE A VERY VOLATILE ATM MONEY MAKING MACHINE FOR WEEKS!!! 27 MILLION SHARE FLOAT! A FLOAT THIS SMALL CAN MAKE PEOPLE RICH IN A VERY SHORT PERIOD OF TIME IF IT IS PLAYED RIGHT, YOU HAVE TO PLAY THE CHANNELS AND TRADE SMALL BLOCK TRADES 20-30K BUYS AND SELLS, BUT FIRST ESTABLISH A CHANNEL FOR THE SHARE PRICE WHICH I BELIEVE SHOULD BE ANYWHERE BETWEEN .12-.18 FOR THE HIGH END RANGE,(selling range) AND .05-.10 FOR THE LOW END RANGE,(buying range), Now this is just my opinion based on the charts from where the Major Shorting began and what the Fair Market Value and the Market-Cap should be for this stock. My Opinion here is exactly that, an opinion and "MAY BE A LITTLE CONSERVATIVE ON THE PRICE". It could be a higher Range than this. TO PASS UP AN OPPORTUNITY LIKE THIS WOULD BE A SIN, CRIME!!!!!!!LOL.
If we didn't have all the sellers along with the few Panic Sellers, I believe we would have broke .10 Today, lets hope we can bounce back with enough steam to do that. This stock "DESERVES" Double Digits, Come-on GUYS I bought this Morn. at .09, 50K worth, I'm puttin my money where my mouth is, lets get this baby over .10 THIS WEEK!!!!!!!!!!!!!!!!!!!!!!!!!THIS FLOAT IS SO SMALL THAT WE CAN DO IT, WE JUST NEED BUYING PRESSURE.
mabry, Wantoberich and Harr449 have been bagholders in this since last spring, so the fact that they dumped their shares today doesn't surprise me, they wanted out after holding all this time and I don't blame them, I would have like a little warning first, I bought 50K at .09 at the open this morning, so I'm a little pizzed about that one! And I've been a bagholder in this since March 22nd of last year when I bought into this stock, my first buy was 50K at .079, been aveeraging down ever since, brought my average all the way down to .019, So I can't complain a bit. I hope all the bagholders that wanted out are out now so we can let this thing run!!!!!!!! TO THE TEENS WE GO!!!
dmxbr9 whats pathetic? Wanto selling out? Hes been a bagholder for almost a year, I don't blame him, I'm holding for .15-.25 myself.
Wanto did you sell-out today? Approx. how many shares did you have left? How many did you sell today? We were trying to figure out why this was going down so fast now we know why. Last I heard you had 1 or 1.5 Mil. Well good luck to you.
Michelex Corp. Announces Recent Events and Occurrences
Wednesday March 15, 1:59 pm ET
MASSENA, N.Y., March 15, 2006 (PRIMEZONE) -- Michelex Corp. (Other OTC:MLXO.PK - News) ``Michelex'' (or the ``Company'') a plastic manufacturing company and an audio record production group, announces to its shareholders that it is negotiating a settlement agreement with Wells Fargo Business Credit to pay them off on their term loan which is currently due. Michelex and Wells Fargo are in dispute on the amount owed. The Company has obtained financing to pay them off on the real estate portion and is optimistic that the equipment portion will be finalized shortly. The Company believes that once the Wells Fargo Business Credit dispute is settled, then they will be able to run their factories back at a normal pace. While there can be no assurance that the Company can settle the disputes, Wells Fargo Business Credit and Management have agreed that it would be in the interest of both parties for a settlement to occur. This would allow the revenue to return to ``pre 2004'' levels. Management believes that there is strong demand for their products.
ADVERTISEMENT
The Company is currently updating all financial statements and has hired, Gersten Savage LLP, a New York based law firm as its new SEC counsel to assist with getting it relisted on the OTCBB. The Company will try to raise additional capital and negotiate for new equity funding that will not be toxic to the company. These proceeds will be used for working capital and potential acquisitions (see statement below). Management has projected sales for 2007 to grow to $21 million -- if the acquisition/merger of Sagoma Plastics, a Maine company, takes place, it could increase its projected revenue to over $30 million.
Statement from Paul Gelardi, the managing director of PTG, LLC, a Biddeford, Maine Company expressed his favorable views in a potential Merger:
``Thomas Gramuglia, President of Michelex and Paul Gelardi managing director of PTG, LLC, the new owner of Sagoma Plastics, are discussing how the two companies could combine manufacturing plants and distribution of Michelex with the design engineering of Sagoma patented products.
``We service large OEMS with our patented products but don't reach small to mid size media companies like Michelex.
``With the Michelex Salt Lake City molding plant and customers on the west coast we would significantly increase our sales of DigitalBooks, Clip Paks and disc trays.
``Sagoma's design, engineering and new business development group headed by Tony Gelardi has six new programs that could utilize existing Michelex facilities and molding machines to produce and service these new products.
``We will continue to do product design and some manufacturing in Maine but look to Michelex for the bulk of our growth.
``We believe a venture with Michelex would be very beneficial for both companies.''
About Michelex
Michelex Plastics -- Founded in 1972, is a manufacturer/importer and distributor of C-Zero's, Cshells, Norleco Boxes, Jewel Boxes, DVD Boxes and other related specialty plastic products. The company has manufacturing facilities and distribution points in New York and Salt Lake City. The company employs people who are committed to the customers and to the operations of the business. Michelex offers a full range of products through its divisions to make it a one-stop shop for its customers.
Michele Audio -- Audio duplication services and an exclusive rights holder of a large catalog of music and spoken word recordings.
Michelex Media Products -- Producer, supplier and distributor of paper multimedia packaging products, also offering complete fulfillment services to its customers.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
Contact:
Michelex Corp.
Thomas Gramuglia
(315) 769-2448
--------------------------------------------------------------------------------
Source: Michelex Corporation
PR ANY MINUTE, COMPANY SENT PR TO PRIMEZONE!JUST WAITING ON THEM
PR Hits the next Leg will take us to the TEENS!
Mark this post Tomorrow Morning will be those who shorted Michelex, THEIR WORST NIGHTMARE!!! TOMORROW MORNING AND YOU CAN BET ON IT!!!!!!!!!!!!!!!!!!!!!! Those who sold Today? shame on you, wait all this time and then bail out before the sailfish is in the boat!!!!!!!!HAHAHAHAHAHAHAHAHAHAHAHAHA
Tomorrow Morning will be SHORTYS SURPRISE!HAHAHAHAHAHAHAHA
I didn't sell a share today LONG & STRONG!.10-.15
lakers17 are you out now??? Just Curious.em
It's been assumed that volakin is under someones leadership, likely a Hedge-Fund with a Short here, Volakin may not be short, but the Hedge hes posting for is. Just my opinion, I have no facts to back this up other than reading thru his posts and Judging his Character. One reason to keep him around, to find out how the other side is playing!
Speed The Jailhouse is only a PM away for him, already talked to Matt a while back about him, if he gets out of control, a PM to Matt and hes gone. Simple as that!
Fair Market-cap, taking Revenue from last 10K filed and an 84 MIL O/S puts the Fair Market Value for Michelex @ .175-.18 Per share. And thats without any Forward Speculation, you could add another .10 to that easy, that would put it at .27-.28 approx. where the price was before the Hedge-Fund Short-Selling Began. Michelex last 10K had 15 Mil Revs, 84 MIL O/S Times .175 a share = $14.7 MIL Market-Cap. Add a little Forward Speculation??? Huge Short-Squeeze??? Low-Float??? Group-Play Possible??? IT'S A POWDER-KEG PARTY BOYS!!!!!!!RIDE THE ROCKET TO THE TEENS!!!!!!!!!!!!!!!!
Speed Nice article, why didn't you post it sooner?
Your just posting scare tactics trying to protect your short position, hoping and praying that they go out of business and you guys never have to cover. But hey, this company is a survivor, 28 years of profit since 1972, good luck on your short endeavor.
volakin whos gonna do the dumping? The company has already stated they "ARE NOT ISSUEING NEW SHARES", They are not going to raise any capital from new shares until the company is back on it's feet and the share price is where it should be, and right now that should be between .15-.20, Tom G. told me he doesn't want this stock diluted, Long-term goal of getting listed on Amex or another higher exchange.
volakin always the last to know, if you read the DEF14 filings and the section that says "Reason for the Filing" was a Loan from Commander Capital which is one of Cornell Capitals offshore Hedgys, well Mr. Lonely, "THAT DEAL IS OFF" From what I heard and, MICHELEX IS GETTING FINANCING ELSEWHERE, AND CORNELL IS BEING INVESTIGATED FOR SHORT-SELLING MICHELEX WHILE LOANING THEM CASH FROM PROCEEDS OF SHORT-SELLING! BETTER DO YOUR HOMEWORK, WATCH THAT DEF14 GET CANCELLED JUST LIKE I SAID! I'll Guarantee you that the SEC has issued a Cease and Desist order to Cornell Capital concerning any money that Michelex may owe them also, Michelex may not ever have to pay them a dime, and Cornell could very well end up owing Michelex "RESTITUTION" Being that Michelex is a "VICTIM OF A SECURITES CRIME COMITTED BY CORNELL CAPITAL" I understand you may be young and dumb, but do your homework next time. NO NEW SHARES HAVE BEEN ISSUED AND ACCORDING TO THE COMPANY, NO NEW SHARES ARE GOING TO BE ISSUED IN THE NEAR FUTURE EITHER!
MUST READ TOP 2 PARAGRAPHS OF THE I-BOX.
REPOST; NASCAR Is Building a NEW Track in Massena NY where one of Michelex Main offices are, Michelex has 120 Acres up for sale there and Rumor has it that NASCAR wants this Property from Michelex. Prime property that they will Probably get Top Dollar for from a very Wealthy source like NASCAR. I guess there is a BIG Write-up in the Massena Observer newspaper Today, 3-08-2006 if anyone can get ahold of that. That'll be a nice chunk of CASH for Michelex in there "GETTIN BACK TO BUSINESS" Reorganization Campaign.
volakin AM I IMAGINING THAT BIG WHITE CANDLE? AND A HIGH OF .018 FOR THE DAY AND 1.8 MIL VOLUME???