Charting
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lakers17; You have a point but I really don't consider MLXO a Pink sheet stock even though they let it slip. I believe they will be back on the BB very soon. The Gramuglia family has way too much at stake here, I got the impression from Tom that they want this on the NAS $1.00 and up exchange rather than the BB, eventually of course.
lakers17; Thanx, sorry to hear about your reverses you got caught in. I got caught in the EWMH scam 1/300 back in Jan. and lost a ton, have been very careful since. Hopefully this will turn around soon.
ecp1976; By the way, thanx for the vote of confidence! LOL, I am a little let down right now by what I was told, thats why I have not called this past week. I figured I would just let them do their Job without being bugged right now and give them some time to get it together. We have reached the summer Doldrums right now anyways. We can still run this summer, but I am not going to call all the time, I don't want to seem pushy to Tom G. he takes time out to talk to me and is a very nice guy and I would rather keep it that way. It's no wonder that new2005 hasn't had a conversation with anyone there, he probably comes across like an Idiot. I am going to call Monday or Tuesday if we don't get a PR.
ecp1976; I think the latter part of your post is true, Tom G. has let me know a few times, that he and his family are the majority shareholders here, so with 62 Mil restricted stock, I am sure that they are freaking a whole lot more than we are, thus the reason for dumping Cornell Capital. I'll garantee that no insiders will be selling any stock at these prices when their market-cap puts this company at least .12-.15. Just for fun say Tom G. holds 30 Mil shares, well @ .02 thats 600K @.10 thats $3 Mil, @.14 thats $4.2 Mil, I doubt they will sell anything under .10, they would be fools to do that. My take on the present situation is that they are not releasing any PR's until they have something done for sure instead of FLUFF Forward-looking Crap that only turns Investors away. When the news finally comes out watch for a break in the downtrend line.
purlieu; SO TRUE! new2005 spelled Grammar=Grammer and then has the AUDACITY to criticize Lakers for a little Typo! ROTFLMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!
new2005; Truth? You don't have any, all you have is SPECULATION, and sarcasm mixed in with insults to Veteran Investor Intelligence. I don't know how much more plain I can say it, it's obvious to most shareholders here that you are a Rookie with a Cocky, know-it-all attitude, when in reality you are a JOKE, with a obvious NEED for KNOWLEDGE of how the Markets work. And frankly, if you are going to post CHRISTIAN stuff on your posts, you should practice what you preach and find some HUMILITY, because your getting very annoying and on you way to getting the boot and being banned from this board.
new2005; Your starting to get on eveyones nerves on this board, the shareholders here need some productive input. If all you can do is annoy people, then we will have to put a stop to it. Anymore of your crap and I am emailing Matt about getting you banned from this board.
new2005; Up yours Rookie, I have posted EXACTLY what I was told from conversations with Tom G. believe it or not, I could care less. Maybe if you put a little more effort into calling you could hear it for yourself and not have to read my posts. I would call Tom G. before calling the IR guy, hes a joke, kinda like you, so maybe you would be better off calling him, you two might hit it off well! LOL. I would feel better if you didn't rely on me for any info actually.
If you look at the chart that Hurley has up, he has pointed out the presence of a possible Double Bottom formation around .02, a Double Bottom usually requires approx. 4 weeks in between lows, the MLXO chart has approx. 6/7 weeks in between. A Double Bottom, is a Major Reversal formation, I hope this is truly what we have, because a Double Bottom will also exceed the previous high.
lakers17; From what I hear, this next PR is going to cover a lot of territory, so IMO, I hope at least, it will be worth the wait. Especially if it makes an upward price move.
new2005; Once again you seem to have things mixed up as if you really don't know what your talking about. T/A stands for "Technical Analysis" PPS stands for "Price Per Share", you seem to have the two mixed up, I will prove MY POINT. T/A is used to suggest future market activity of a stock, by evaluating it's past statistics on various charts and searching for patterns over a period of time. Anyone who knows much at all about T/A, knows that most patterns usually take several weeks or months to form. Your post sounds like you were refering to T/A as a "CRYSTAL BALL" for Mondays trading session. That to me is a Joke. The "LONG-TERM" T/A of MLXO "DID NOT CHANGE" or "Reverse" as you put it, after going Pink, The PPS did, and that was not attributed to any news at all, but some shareholders bailing out before going Pink, and "LOW" Volume at that. Since then we have went sideways. If you look at the Long-Term Chart, in my opinion, it looks to me like we have formed a Bullish Falling Wedge type of pattern and we are about to break the upper resistance long-term trend line. Really, we have went sideways since Cornell Capital laid down it's Guns.
Idiotic post.eom
new2005; Just curious, how long have you been trading stocks for? BB & Pinks? Reading T/A of charts? Just wondering, you seem to be fairly new at it, it would do you a world of good to learn some things before risking any serious cash. Not that it's any of my business, but I've seen alot of people that think they know it all, and make some stupid investments and lose their ass, and then sit around on message boards and whine about everything, I just wouldn't want you to join that crowd if you can help it.
new2005; You don't think that stockcharts.com provides a very useful tool for T/A of charts? My opinion, out of all the free charting tools out there, stockcharts is one of the better ones. Although a smart investor should never trade based on T/A alone, The stupid ones don't use it much at all! I think that the chart for MLXO is turning Bullish more everyday, and with Cornell Capitals short selling pressure coming off this stock, we should see a nice turnaround soon and the T/A of it's chart just confirms that.
new2005; Just before they went pink I asked Tom G. the same question and he said about 6 weeks to get back on the BB, I'm not sure if they can do it that fast or not, have to talk to someone that knows more about getting relisted.
speedmasters; I would say very cautious on what he tells any shareholders over the phone, like he is afraid to give out any info that might be insider info, it seems he has been well advised and is not going to make a mistake like that, most of my questions he just says; "I'm sorry but I can't comment on that right now", then says he would like to but doesn't want to get himself in trouble which is understandable, I figured that if he is getting advised well, thats about how he should answer some of the questions I ask. He did tell me that they are going to PR their plan to fight back at Cornell and a explanation pertaining to the drop in share price and address the massive short selling that has went on. I have tried to get some info about their plan to fight back at Cornell, but I have not been able to get anything out of him regarding that, but he seems pretty optomistic about it.
I happened to get ahold of Tom G. late this afternoon and he confirmed that they have more PR's to release but would not commit to a date, he said we might see one this week but wasn't sure yet. It sounds to me like they have alot going on and they are only going to release PR's WHEN/AFTER things get done, personally I like that approach better than all the forward looking crap that alot of pennies put out, always telling you what they are going to do and then half the time not doing it. This company seems to me like they want everything done right from here on out after getting took for a ride by Cornell Capital. Patience will definitely RULE on this stock.
100K Buy! Somebody knows something? Lets get this party started!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
wantoberich; OT; When I tried to play yours it says, cannot find server.
wantoberich; Off Topic, Question about your Music Board, Do you have to be a subscriber to put up a Music Board? I've been thinking about starting one, being a Musician/Songwriter, I have Music of my own to post along with an MP3 collection of over 7,000 songs. TIA for any info.
hurley; Thanx for the link, same prob. here.eom
Last week I spoke with "Charles" the Investor Relations guy since Tom G. was out due to health problems. He was the one who told me he had 2 PR's on his desk waiting to be released and said we should see one Mon. or Tues. of this week. I don't know how reliable that guy is, I know he rubbed me the wrong way back in March-April and last week was the first real conversation I have had with him. So if we don't see a PR by tomorrow PLEASE no whining at me, I just posted what the guy told me, if we don't see one tomorrow Morn. I will be on the phone and try to get Tom G. first and see when we can expect some updates here.
new2005; Everyone here is frustrated to a certain point, including myself. Lakers17 has just as much right to post his opinion as you do, and I respect that, My point a couple weeks ago was that Baseless Bashing would not be tolerated, (Like calling people Liars who call the company), especially on those who are spending their time and resources trying to find answers in the midst of a company that is restructuring and has been shot in the ass by Cornell Capital. Lakers17 seems upset at the companies lack of regard for the shareholders, and he has a point, we should have much more PR's of information on what the company is doing to get back on track, to me thats not even a negative outlook, thats a reality check for Michelex. They lost a bunch of Investors by going pink and now if they don't step up to the plate and inform us with some positive news and a plan, well, whats the sense of sticking around in a dead stock?
lakers17; What a Judge of Character LOL!HAHAHAHAHA
Hurley; according to that chart it looks like we break the long-term trend line just under .03, the way we are going. Am I wrong?
Watch for a PR Monday or Tuesday according to the Michelex IR Guys Charles.
hurley; How do you paste charts on here?eom
ecp1976; Yeah, "IF" thats whats going on, I am just speculating with that post, I don't know what they are doing. What I do know is that there is a substantial short position out there on MLXO, I believe brought about by Cornell, although it probably is not in Cornells name to make it legal, (they are some slick shrewd SOB's). And going by how pissed off the VP of Cornell got at me the other day, he had no real reason to get so pissed off, I was very Cordial with him and I didn't use any nasty talk or accuse them of anything. I just came across like; Hey I "KNOW" Cornell has a substantial short position on MLXO, Michelex knows it, thats why that have a new financing deal now, and many Investors in MLXO know it and many in the Penny Investment community know it too. I was just wondering if you would comment on what Cornell is going to do about it? And he kind of Blew-up at me!!! HAHAHAHAHAHAHA LOL! That in itself told me everything. PATIENCE, THE TEENS ARE CALLING!!!
speedmasters; I am working on a few stock groups that I am a member of to try and get them to put MLXO up as a stock pick, get some major buying pressure and run this baby, many will be selling shortly after running it up, but so what, thats what we are here for, this sideways low volume shit is for the birds. Give Cornell something to shit their pants about with all their short sold shares out there. This is my last post tonight, I am out of posts until tomorrow, See ya all tomorrow.
new2005; Anything over .024 was a buy today,we actually closed at .025 a late buy at 16:07 of 10K.
Time & Sales
0.025 10000 16:07:49 ask
0.024 3000 15:17:12 bid
0.026 3000 15:09:41 ask
0.025 15000 15:09:30 ask
0.025 5000 15:04:47 ask
0.027 15000 15:01:06 ask
0.027 4900 14:59:43 ask
0.026 20000 14:57:49 ask
0.025 9900 14:57:49 ask
0.02 900 12:15:03
0.025 10100 11:11:54 ask
0.02 3000 10:57:02
0.02 9814 10:42:10
0.02 16000 10:05:19 bid
0.025 12200 10:05:12 ask
0.025 2900 09:55:36 ask
0.025 7900 09:55:22 ask
0.017 3000 09:32:53 bid
I think Cornell or whoever holds the short position, (it prob. isn't in Cornells name, Prob. one of their Hedge Fund Buddies that they work with so it's legal), that they are covering very slowly so they get most of their shares bought back at these levels, maybe 25-50K shares a day? Just a thought. At 25k shares a day thats 250K a week, 1Mil a month, or 2 Mil a month at 50K a day. They do that so they don't create a run and pay high prices. Just my opinion.
Heres some info on a Cornell Deal and Chart for this Cornell HELL funded company, this is a paragraph from the article, link below for full article.
"That means Cornell Capital will be able to sell the shares immediately, recoup its investment, and realize a quick profit from the discounted stock. Or, alternatively, Cornell Capital would be in a position to sell those shares short, use a portion of the proceeds from the short sales to fund advances to the Company, and then deliver registered shares to cover the short position. In either event, it also means that the financier would profit from any temporary upward surge in stock prices - such as that which followed the "b_bulletinboard2003" promotion."
Heres the link for the full article;
http://www.investors.com/breakingnews.asp?journalid=23457833&brk=1&rb=1
Heres the Chart for this NO REV, Cornell Funded Company;
http://stockcharts.com/def/servlet/SC.web?c=RNVOE,uu[m,a]daclyyay[de][pb50!b200][vc60][iUb14!La12,26...
L2 Bid .021 X .026 Highest since Pink selloff!
lakers17; Did you miss my post from yesterday?Below;
Posted by: Investo7
In reply to: None Date:6/1/2005 5:46:04 PM
Post #of 1479
I just got off the phone with Charles the Company IR guy, even though I don't care for the guy, Tom G. was out today due to health problems so I called Charles; He told me he has two PR's for Michelex on his desk right now, he said alot is going on with Michelex right now and they will be releasing all the info as soon as they can, he said we could see a PR next Monday or Tuesday possibly.
purlieu; The Investment groups I am refering to are open forums like this where Investors talk about stocks, most of them are like this board here, just people posting facts and opinions, but there are a dozen or so, I'm not sure the number of groups I am a member of that have weekly stock picks, or Bi-weekly Picks, some have a member Poll for a weekly stock picks, some have group picks whenever news is out on a stock that is about to run and everyone jumps on for the ride, you just have to know when to get off! LOL! Sure investing with some of these groups is gambling on some risky investments, but if I can convince one or two of them to put MLXO up as a pick, as low as the MM's are on shares, moving the PPS around on 10-20k share buy/sells, a group or two putting MLXO up as a weekly pick could rocket this thing bigtime.
Oh I forgot, John Feniak of Cornell called us investors that buy BB and Pink sheet securities FOOLS! He said these stocks are like the wild west anything goes, QUOTE! Yeah thats why most of their SEDA deals are with BB and Pink sheets companies!!! What a crock.
I spoke with Jonathan Feniak, of course like I figured he denied the fact that Cornell or one of their Hedge Funds buddies have any short position in Michelex. But his reaction to my questions is what I found Intriguing, he was very defensive and adamant about Cornell not engaging in short selling ANY company that they have a SEDA with, he said that would be breaking our agreement with the company and against the law. I said yeah but if another Hedge fund firm did it for you and it wasn't in Cornells name, then Cornell would be in the clear right? He says quote; "Why would we do that"? I said thats easy PROFIT! He said sure someone could of shorted Michelex from .25 to .02 and made millions but "WE DON"T ENGAGE IN THAT SORT OF BUSINESS"!!! I had to hold back from laughing. I said well there are countless news articles all over the internet about Cornell having a reputation for short selling the companies that they sign SEDA's with, I asked are they all untrue and Lies? He said YES THEY ARE!!! He said why would we do something like that when we make millions legally, I suggested; because you can get away with it LEGALLY!!! and make millions more!!! Thats what teams of lawyers are for right? To find the loopholes and make twice as much money off the same deal? He told me I was full of shit, and they news articles on the Internet are full of shit and my friend that worked as a Money manager for a Major Fund was full of shit also! HMMMMMMMMM Everyone is wrong except him,(Them)? Well I know I shook him up for sure. I said that the numbers for Michelex give it a Market-Cap of at least .13? He said bullshit. He said if there were a short position on MLXO it would be on the REG-SHO List, I said no YOUR WRONG, That is for Short-fails ONLY! I said the short position on MLXO is legit. See he thought he was talking to a Stupid-F*ck. But his bullshit wasn't getting past me. Then he blamed the drop in PPS on MLXO on the Chinese believe it or not! He says that the chinese are producing CD, DVD Jewel Boxes for .05 each while Michelex is producing them for .10 each, I said thats Bullshit Michelex has had 28 years of profit and they have orders they have had to turned down due to lack of capital for raw materials. He finally could debate me anymore and had to go saying he wasted 10 minutes on a fruitless conversation!!! Yeah maybe for him, but I think I got a ton of info out of him. His language toward me and attitude told me volumes.
Harr449; Bid .02 X Ask .025
lakers17; I Think calling in for certs is a waste of time too, but a short squeeze is a reality that can happen for sure. As far as Cornell losing money, my opinion is that they rarely or never do either, but right now, they are in a position to cover their shorts in Michelex and make a profit and get out, if they wait much longer they could risk losing money if the PPS Takes off. I think alerting them to the situation that they may not be up to speed on might speed things up.
lakers17; The thing about Michelex that has me jumping up and down is the fact that Tom G. said that they have not drawn ANYTHING from the SEDA with Cornell, so they don't owe Cornell a Freakin Dime!!! any shares held in escrow by Cornell have to be returned and the massive shorts? Well guess who has to cover before Michelex gets the ball rolling again and the PPS starts to rise, or better yet, us little investors unite together with a few stock groups that put MLXO up as a stoxk pick of the week and SQUEEZE!!!!!!!!!!!!!!!!!!!