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Wow...Happy Friday all. Hope this is good news!!
I tend to agree with you. Although I've entered here with a small position I certainly don't believe we will be at a dollar anytime soon and believe there are those that are just looking to bring this to a ceratin level before they flip and are gone forever. This isn't anything new and happens all the time. No surprise. Lets just hope the company builds on their momentum and continues to grow which will see the PPS rise based on real revenue and profit rather than hype.
Yes for sure. I'm only in hope mode however. Picked up a small piece here today.
MW...what is your real exit point?
So do a bunch of others here. They just don't freely admit it.
I hear ya bank, that's not what I like to see first think in the morning!!!!
Good reality check from fargofern. Thanks!
I agree with Stately, folks have to do their own DD and make sure its factual. I've seen too many of these with posters boasting shares going thru the roof only to see the opposite happen and the boasters disapear to the next stock. Again hope this is the one for all of you to make money but be careful along the way.
Just visiting but this really looks bad with one individual doing most of the posting. It would scare me into not getting involved for sure. Regardless, I hope this is a winner for all involved here. Good Luck!!!
PERFECT!!! This update is all that is expected, just lets us know that work is still in progress. Really...this has got to be an overwhelming project to even get to first base.
All,
This is a post from sawdin on what he expected from the management of MLXO prior to the take over. Certainly nobody wants anything close to what is asked for below. REPEAT no one thinks after two months any of this can or should be achieved. On the other hand just a small update would be appreciated. I will state again so there is no mis-interpretation, I appreciate and respect Dino for all he is doing and support him 100%.
sawdin Share Monday, October 24, 2011 10:05:36 AM
Re: None Post # of 33328
At a minimum,
1) Mgt. should inform the investing public (MLXO is a public company, isn't it?) what their short-, intermediate- and long-range plans/goals are. This information should be posted on the websites and Michelex and PPC should have different plans/strategies.
2) Mgt.should inform the investing public how they plan to achieve those goals.
3) Mgt. should provide periodic updates regarding the progress that is being made in regards to achieving their stated goals. If things are going great, let us know. If things are not going as planned, it is even more important to let us know and inform us why and what they plan to do about it.
4) Mgt. needs to make sure that there is a process in place that makes it easy for shareholders and potential investors to receive information and for shareholders and potential investors to communicate with the company.
4) Ultimately, mgt. needs to have a transparent company that provides regular financial updates and submission of all appropriate forms to the SEC when due and an un-gagged TA.
PS...When I say 'inform the investing public', I mean publicly inform everyone via website updates and/or PR's (PR's to be used for 'news' regarding contracts/acquisitions/changes to share structure, etc.). Communicating with a few investors via phone or email is NOT 'Informing the investing public' .
I'm in agreement with bank, we can debate this for the next month. Yes there is plenty of work to do and I'm sure before they decided to undertake this project they probably knew that. Once again the work and the volunteers etc.. is not our issue.
I know all of our e/mails are in the database. A one or two line sentence to all our e/mails providing an update that was suggested could come by April 30th is all we are asking for. Not sure how this is a major undertaking. It can't take more than 5 minutes to keep everyone who supported the move appeased.
MABMAN...believe your missing the point. No one here has been anything but grateful to the folks who have stepped up and are trying to save everyone's stake. The question is why can't we be updated as to the progress. The lack of communication from the old regime was a BIG issue and was ONE of the reasons why they were sent packing. The new board promised transparency. Why lead us on to suggest there could be an update by end of April and than let it pass without a word? How about as little as "we thought we would be in a position to deliver an update but it will be delayed two weeks..or whatever". All this does is induce doubt as to waht is going on, and there are several of us who are thinking the same way.
Don't believe we need to be bashful about requesting information. I believe Dino knows how sensitive this group is as far as receiving timely updates...for crying out loud he led the charge againt the old regime for that very same reason. He also is the one that said he believed the company would be in a position to send out an update by yesterday. If they aren't in that position...fine, no problem, just convey that to us. We are a reasonable group and we will understand. The only thing we don't understand is silence. we already lived through that.
Agree Phoenix...I will send one later as well.
I'm surprised and disapointed that there is no update. I guess that's all I will say for now, but can only wait so long before turning very negative.
Still think something will be passed on before tomorrow morning. Even if its an e/mail from Dino saying no update is yet available. There was one main complaint from Dino prior to his group taking over and that was that no one followed through with what they said. He will follow through!
My money's with sawdin. I think we get some type of update by tomorrow morning.
Keep the Faith Everyone! These guys were bold enough to step up and remove the crooks. They can be trusted to give their best effort to save Michelex. However this turns out I'm happy and appreciative of their efforts.
PS C'mon elcheepo join the hope brigade, no one is predicting fortunes here.... were just hoping for the best. I'm hoping you recoup your investment so you might as well be positive. there really is no alternative at the moment.
Its agravating to find out these low lifes were in charge of our investments! Thanks again to sawdin and crew for anything they can do to bail this unfortunate situation out.
Most of mine came at .0004 as well. I, like Deano and most of the rest of us still have hope that this will take off which is why I'm not selling a single share. I guess it's as easy to predict doom and gloom as it is predict future gains and success but really until we hear something no matter what anyone is thinking its really all just guessing at this point.
Easy cheepo...this thing could turn for the better any day now and than you would be in for a lot of eatin crow. I'd imagine you would be OK with that though if it meant getting some money back! I'm gonna hang in and hope and pray daily.
4 million shares this morning is interesting.
Agree, nothing to be excited about until we see something of substance from the new board.
Nice to see some movement and volume each day.
I am...and quite sure the vast majority of stockholders here are truely indebited to the generous contributitions of the new board. We couldn't be more alligned on that front MABMAN. I look forward to the day these guys are drawing a salary for their efforts. I'm a patient individual as I've been hanging in here for nearly four years, or is it five? I'm not sure and don't want to look it up. LOL. I don't mind waiting a bit longer. Good Luck to all of us. Bottom Line.
MABMAN....Respectfully...can't quite agree with your post. No one is looking for a detailed report of the state of the company. We all know there is a lot to do and it will take a lot of time to get it done. That's a given. All we ask is for a very short progress statement. I don't think the request is at all unreasonable. The new regime asked us to support them and oust the crooks. In exchange we we're promised transparency. Thats all were asking for good or bad.
I've already checked in on this one as well. Don't understand the silent treatment. Sorry.
BTW...elcheepo, thanks for taking the hit but it really has created some activity here on what was becoming a dull site. I mean really... if we can't make money we might as well have entertainment.
Agree with several here who will start losing patience around..... OK.... mid April it is. I fail to see how we have not been able to get any updates on what type of shape the company is in. We went through this whole procedure to oust the old regime so that we could be informed more often on where we were. Good or bad no problem. Silence... not too happy with.
Sorry harr..I take responsibility for wakin cheepo up.
I knew you would come through!!! Thanks and nice job.
Very boring here trying to make money. Elcheepo can you post something controversial so we have something here to bicker about at least! LOL
It would be nice to have some type of update from the new board. Not looking for news but a shareholder update on the state of the company.
MABMAN8 I cant agree with you more. These are the exact questions I'm really waiting for answers to. Favorable information to any of these will lead to real interesting times with MLXO
Hopeful for a good week. If we get volume this week it will definitly be a good sign. I'm ready!!!
Good imfo on LaSusa Harr. This guy looks to be the real deal. Sawdin and Co. have put together a really impressive team. How fortunate we all are to have hung around to be a part of this. Still no guarantee but you can just feel the positive energy building. Folks better hop aboard soon before its to late.
Nice change of pace here today. Can't wait until this volume returns as a normal daily event.
Pretty sure we are all still here laying low waiting. Sawdin...anything to report good or bad??
Agreee.. it's been dead. Would not think it would be this dead. No trading for a few days. Oh well...that old word pops up again. Patience.