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Time & Sales
Price Size Time
0.012 20000 09:38:14
0.012 120000 09:35:35
0.015 5000 09:35:15
0.015 5000 09:34:14
0.015 5000 09:34:07
0.015 5000 09:34:07
0.015 25000 09:32:35
0.016 5000 09:32:11
0.016 5000 09:32:02
0.017 11500 09:31:23
0.016 50000 09:30:40
0.018 5000 09:30:24
0.018 67000 09:30:18
0.018 50000 09:30:16
0.017 5000 09:30:08
0.018 40000 09:30:01
bankofblake; A CROOKED one might read some???eom
Bid .013 X Ask .017
We may look screwed but I think someone at Cornell might have got wind that Michelex just signed a NEW FINANCING DEAL!!! Let the covering Begin!!!!!!!!!!!!!!! Maybe they have someone reading these boards?
My Mistake, I swear it said 31st last time I looked! LOL!
I appreciate the Thanx from everyone but I am just a Bagholder in this like you guys, I just believe that a part of doing your DD is talking with the company management, thats the best way to find out if they are full of shit or not. I believe Tom G. is an old school businessman with a lot of Integrity. My Opinion of the guy is that he is a seasoned Leader in the company, but is somewhat of a rookie in todays electronic trading world, they just went public less than 2 years ago but have been a profitable Corp. since 1972. It seems that they have been hit by some very greedy corrupt people and have learned a valuable but expensive lesson, I doubt that this guy will make the same mistake twice. I Would love to have a AMRE Run to kick off the summer!!!!!!!!!!!!!!!!!!!!!!!!
bankofblake; No offense man but you should call the guy and hear what he has to say for yourself and not even take my word for it, all I am doing is Parroting my conversation from today, last time I spoke with him was last Fri. before we went Pink.
Tom didn't say it would be out tomorrow, just that it might, he said if not for sure by first of the month. In my opinion they would be better off waiting until after the Holiday, Markets are closed Tuesday, I'd PR it June 1st Wednesday, to do it tomorrow on Fri. before Memorial day weekend when many are taking a long week-end off might lose steam by next week. He told me that we need to have patience with the company after this hit they took from Cornell, he said they will recover but that it takes a little time, I wouldn't be surprised if they go for a higher exchange listing, NAS a dollar and up or something. Tom doesn't sound to me like he likes the BB Penny market at all.
Remember this thing ran to 1.50's pre-forward split.eom
pickspicks1; I think they want to bring some real value to this solid company and get on one of the larger exchanges, over a dollar NAS or something, this company definitely has the potential and the asset base, so dilution is one thing they don't want to do, at least thats my take on it.
I spoke with Tom G. late this afternoon and it sure sounds like some very good news is just around the corner, he said that they just finished signing a new financing deal today, he said they have a plan to deal with the Cornell Capital short position, and a plan to get back on the BB, and he said they have some other good things to release he would not go into anymore than this except that the PR will be out anytime now possibly even tomorrow. He said things are really going to turn around.
alleyoop007; REG-SHO is only for short FAILS TO DELIVER, It looked like Cornell went that far with it in Feb. and March but they have covered enough short fails to keep it off the SHO list, they can keep their short position basically as long as they want to, they have a legit short position not a naked one, but they run a risk of Michelex getting it's act together and the PPS Going up and then they would get stuck having to cover at higher prices, I would like to see them get the shorts out now and get it overwith, like I said the ball is in the hands of the company now. I'm trying to get thru to Tom G. today to find out whats up with this PR we were supposed to get.
alleyoop007; Your right except for the part about Cornell having naked shorts, Cornell reserves enough shares with the DTC to short sell the company so they are not naked short sells, they are legit, your right in that we have not seen anything from Michelex to force Cornell to cover, but thats what we are waiting for. The other thing is that Michelex has not used any of the funds from Cornell, they have not drawn off of the SEDA, so Cornell has no right to protect a loan that isn't there, doesn't exist. Cornell is running a risky situation right now IF and I mean IF Michelex gets their shit together and comes out with some very good news and attracts buyers, even though we are now pink, if buyers start coming in Cornell can get screwed. The ball is in Michelex hands right now, hope they get it right this time. Also they have not diluted much at all, a 26 Mil float is nothing for a company with 12 Mil revs and 15 Mil assets.
Concerning Cornell Capital;............
It has been explained to me some of the Cornell tactics by someone who knows how they operate, they are a Giant Hedge Fund and when they short sell a company they do it BIGTIME! The have other Hedge or Mutual Fund type companies that get into the action with them so it's not just Cornell alone shorting the company, I'm sure there are some type of legal reason for that (like manipulation) along with making sure that the job gets done by having the company short sold from several angles by several different companies so that the desired effect is had on the stock, mainly bringing down the PPS and then keeping it there while they cover and buy a controlling interest if they can, but in this case, Michelex is kicking them to the curb. It will be interesting to watch and see how long Cornell hangs around with this short position. These guys are pros at this and I'm sure they don't like getting the boot.
todayinow; Rick, they sold you shares @.018? The T&S sheet shows the .018's as a sell. Makes you wonder how much Cornell is able to cover off the bid, I wished the Greedy POS would get their shorts covered and let us get back to normal trading here.
The .018's and .019 are in red showing a sell, mm's doing the switcheroo.
0.018 20000 12:34:15
0.018 5000 11:11:08
0.02 5000 10:47:42
0.022 10000 10:44:28
0.021 5000 10:44:19
0.021 10000 10:43:41
0.02 5000 10:41:54
0.02 20000 10:40:42
0.02 7000 10:30:42
0.018 35000 10:15:02
0.019 5000 10:14:42
0.02 10000 09:57:18
Anyone hear anything new on the release of the PR that we are supposed to get?
lakers17; And you point is???eom.
lakers17; I hear what your saying, I was one of the ones that Tom G. said to me that they would get the 10K in on time and not let it go Pink and now here we are!!! They really let me down as far as that goes, but now we have to make the best of it, supposedly a PR is coming anytime now with some good news in it.
For all the Pink Skeptics, heres a couple links to Pink sheet companies trading in the dollars and up like 20-60 bucks a share. Just because MLXO went pink doesn't mean we won't see a run back to fair Value land.
http://www.pinksheets.com/marketactivity/dollar_volume_leaders.jsp?Shortlist=&Prefix=ps_all
http://www.pinksheets.com/marketactivity/dollar_volume_leaders.jsp?Shortlist=&Prefix=ps_all
Here a Pink trading at over $230.00 a share!!!
KCRPY -- Kao Corp.
Sponsored Amer Dep Rec; (representing 10 Ord shs)
Primary Venue: Pink Sheets
Best Bid: 231.50
Best Ask: 233.75
Date/Time of Last Inside Change: 16:11 * Quoted on the Pink Sheets
Want real-time level two quotes in this security?
TRADE DATA Last Sale: 233.50
Change: -1.00
Percent Change: -0.43
Tick: Down
Daily High: 233.75 Daily Low: 231.55
Opening Price: 0 Volume: 2,478
Annual High: 258.30
Annual Low: 216.25
Dividend: 3.393 Earnings/Share: 0.00
Previous Close: 234.50 P/E ratio: N/A
Yield: 1.45
Beta Coefficient: 0.46
Last Trade Date/Time: 17:21
hurley cruppers; We are supposed to see a PR anytime now, Tom G. told me on Fri. That they have good news to put out, he said they were shooting for first-mid of the week.
hurley cruppers; Thats one thing I don't undestand, why the company hasn't hired someone to go back an audit the Market on MLXO since Cornell got involved, it costs money but they can find out just how big the short position is here, even though Cornell has buddy Hedge funds that sell short for them so they are not all in Cornells name, the big thing with Cornell is when they short a company like this, they are not Naked shorts, they are Legit, so they are not breaking any rules,just being ruthless and shrewd.
hurley cruppers; Going Pink really isn't as big a deal as some make it out to be, there is just as much corruption and manipulation on the BB. Really it is worse news for Cornell because now Michelex is not an open book for them to study, Michelex could come out with some screaming financing and orders to purchase from other companies and make the PPS Jump and screw Cornell, I hope Cornell does the smart thing and just cover their shorts and get the hell out of this company so we can get back to normal trading, enough of this B/S already.
If Cornell is not buying now, they will most likely attempt to take this into the subs before they cover, they are a Greedy Hedge Fund and since Michelex has broken off the financing deal, make no mistake about it, they will play this for all the profit they can by covering as low as they can, I just hope they hurry up and get it overwith and then GOOD RIDDENDS TO THE POS!!! Then we will return to normal trading at a fair valuation which in my opinion is at the very least .08-.10 if not more. If I remember their asset base, revs and O/S puts the Market-Cap for Michelex around .13-.14 when Cornells crap is covered we should return there IMHO.
hurley cruppers; I've had alphatrade for a long time, it's about 43 a month for the Basic L2 package for Pinks, it has several good features beside L2 for Pinks. I cancelled mine for a little while after selling most of my pinks to average down in this Pig.
I wonder if we are seeing some slow Cornell Covering?
Scottrade Bid .018 X Ask .02
My opinion here is this, we know Cornell has a massive short position and since Michelex is getting financing elsewhere I see no reason for Cornell to keep the Short position for any length of time, I do see Cornell taking full advantage of the situation for their own greedy profit, and that is to cover as low as possible no matter how long they feel like taking, but they run the risk with the clock of Michelex getting it's shit together. I think we may see some volatility now with people bailing, Cornell and MM cronies trying to take it down as far as they can, and us bagholders buying up cheap to average down. The best thing we have going for us is that this is a solid company with solid assets and revs, and a small float. I've played pink sheets with higher floats and no revs run into double digits, I see it all the time. This stock is going to rocket back, when I don't know, how low will they take it? I don't know that either, we may see the subs, thats where Cornell wants to cover thats for sure. I know I'm holding on to this one until it runs, if I could break-even I Prob. would, but not selling for a loss on a solid company like this.
Scottrade will let you download their streamer without opening an account and will give you RealTime Pink Sheet Bid/Ask. I have an account with them, but I am pretty sure you can download their streamer at no cost. I have an ameritrade account also, but they don't have L2 for pinks. Current Scottrade is Bid .017 X Ask .024, Volume 5,000 last trade .02.
Transat 5; I only have the free account on I-Hub. so I cannot reply to your message, but I have an account with Ameritrade and with Scottrade, Scottrade gives pink sheets quotes, right now mine is reading Bid .0105 X Ask .025. If you want more in depth L2 for pinks I use Alphatrade just go to www.alphatrade.com it's about 40 bucks a month. My Alphatrade is off right now since I played my last pink in March before I dumped my play money in this Pig. Or you can download the Scottrade streamer for free (I Think) I have an account with scottrade, and get Pink sheet realtime quotes for free.
Today should be an interesting day.eom
new2005; Your info isas mixed upas your mind!eom.
sawdin; new2005 is an IDIOT with a Capital I! I spoke to Tom G. a couple times last week at the Salt Lake City office, he was there today, I tried several times to get thru to him but I was unable to because he had so many calls I gave-up after a while. Anyways I spoke with him Fri. and he sounded like they were going pink, but he said they did have some good news to put out anytime now and that there would be NO DILUTION before the stock is back on it's feet. I specifically asked him if they would be raising any finances from new shares and he said NO, they want the stock back on it's feet. He mentioned something about new financing, he said it will be in the PR. My opinion here is this, we know Cornell has a massive short position and since Michelex is getting financing elsewhere I see no reason for Cornell to keep the Short position for any length of time, I do see Cornell taking full advantage of the situation for their own greedy profit, and that is to cover as low as possible no matter how long they feel like taking, but they run the risk with the clock of Michelex getting it's shit together. I think we may see some volatility now with people bailing, Cornell and MM cronies trying to take it down as far as they can, and us bagholders buying up cheap to average down. The best thing we have going for us is that this is a solid company with solid assets and revs, and a small float. I've played pink sheets with higher floats and no revs run into double digits, I see it all the time. This stock is going to rocket back, when I don't know, how low will they take it? I don't know that either, we may see the subs, thats where Cornell wants to cover thats for sure. I know I'm holding on to this one until it runs, if I could break-even I Prob. would, but not selling for a loss on a solid company like this.
1 of their main goals is getting rid of Cornell and their short position, that in itself would put this company at a fair valuation of at least .08-.10 Pink or not! Look at the Market-Cap at these prices? 12 mil revs, 88 mil O/S, 15 mil asset base. Let's get real!
pickspicks1; Nope, I'm gonna wait a day or 2 or a few and see how this pans out, we could see a huge run if this gets low enough and Cornell gets the shorts out!
pickspicks1; Yep, gotta wait this out now for the bottom, I'm sure Cornell wants to Bottom this sucker right out so they can cover and get out.
Well that was quick!!!!!!! LOL!eom
pickspicks1; Maybe? It depends on if theres any buying pressure, Fri. Morn this was @.03 X .031 they have walked this down on less than 300k shares, thats rediculous! If this hits .02 ask I'll try and pick-up another 100K but I bet they won't fill it. I go All or None on buys like that when shares are this scarce otherwise they will nickel and dime you to death.
With a Bid wall @.02 looks like .021 will be the place to add, for those of us still here! LOL! Looks like we have some bailers today, that was to be expected.
new2005; I call him everyday? Thats B/S, I'm done wasting my posts on you, it's IGNORE TIME FOR YOU!
new2005; Tom G. is at the Salt Lake City Plant, he was there last week too, you seem to be kind of an Idiot? I have posted several times now, that I spoke to Tom on Fri. and his outlook on making the deadline for the 10K didn't sound very good, how many times do I have to post that before you get it??? Personally I don't think they are going to make it at this point. That doesn't mean he lied, that means they failed to make the deadline, even thought they tried like hell. Why don't you call yourself and get some info for yourself? Heres the Salt Lake City #;
801-596-0166