Agreed. What will the share price do this week?

Yeah!! I kinda have a knot in my stomach. What do you think the outcome will be?

Agreed!! :)

I don't believe so, but he'd be helpful in the selection process. Just a thought...

Not only a new audit, but with an accounting firm chosen by shareholders. A perfect project for Harr :)

Sometimes emotion carries a lot of weight. I think the price may see a bump based on the optimism of new a leadership group and an upgrade in integrity. The early uptick is likely to be modest. The big gains will come when investors see legitimate audits and SEC filings backing up momentum in business activity and revenues...

I received an email from Investor Relations yesterday saying the 10Q would be released on schedule. Does anybody know what "on schedule" means? I have emailed back asking for more specificity on a range of dates which would be included in "on schedule", but I have not heard back... What is the deadline?

Sawdin is working his tail off behind the scenes!! Brighter days are coming!!

It does sound very encouraging. I'm hoping to load in this morning before the news gets too widespread. They have some monster contracts. Getting back up near $2.00 is a very real possibility in my opinion.

BIG NEWS!!!!!!!

Mike Zoi is stepping up and has submitted the following filing to the SEC. There are great people with deep pockets working to keep Ener1 out of bankruptcy.

Friday is going to be a VERY interesting day of trading for HEVV!!

Good luck to all!!

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8343997

Mr. Tom Snyder
Chairman of the Board of Directors
Ener1, Inc.
1540 Broadway, Suite 40
New York, NY 10036


Subject:
CONFIDENTIAL Proposal to Avoid Chapter 11 Bankruptcy

Dear Mr. Snyder:

As you know, I am both a co-founder of Ener1 and a significant shareholder with approximately 16 million shares of Ener1 stock. Like others, I have watched with dismay as Ener1 has struggled over the last year. I am concerned that without immediate action by the Board of Directors, Ener1 will be forced into Chapter 11 Bankruptcy and this is clearly not in the best interests of its unaffiliated shareholders.

I continue to believe in the long term viability and potential of Ener1; therefore, I would ask the board to appoint a special committee and promptly reply with a proposal for my acquisition of an interest in Ener1 that will result in my holding a majority controlling ownership stake for an amount that is fair value to Ener1 and that will provide sufficient financing for Ener1 to avoid being forced to file for Chapter 11 protection.

Working together, we can assure Ener1 a bright future and the opportunity to realize its full value while maintaining the operations, facilities and personnel in Indianapolis.



Best regards,





Mike Zoi

Where have you been?

There are tremendous elements of deceit. Most of the PRs are bogus. The DRAFT FINAL AUDIT is bogus. There never was any funding. Mr. Sawyer has outlined this very thoroughly over the last month.

However, there is a building in Massena. I believe they do have contracts and have shipped product. Mr. Kakani has offered to allow the shareholders of Michelex to choose an accounting firm to audit the 2011 books and confirm the financial state of the company. I believe we should take him up on this offer once the crooks have been removed.

I am very optimistic that we will see a turnaround and an entirely different culture within six months...

They may not take down the sites, but they may take down evidence or content from those sites such as fraudulent statements in the form of bogus PRs, decoy audits and statements they know are materially false.

I think the board may be over-thinking Elcheepo... I don't believe he is a basher. I believe he is simply cynical. While the words of a basher and the words of a cynic may look a lot alike, the intent is very different.

I happen to have a very different opinion than Elcheepo. I think the attempt to replace the board is going to be successful and I think the current members of the Board of Directors are going to get what is coming to them in due time. However, I don't necessarily let the descending opinion of Mr. Elcheepo get under my skin. I think he's harmless...

But I love the enthusiasm for MLXO!! Let's continue to focus on getting Saleem, Syed and Lacle removed and then we'll see what Elcheepo has to say ;)

That wasn't my quote. Which posting are you referring to?

Here is a post to the Beacon blurb HSM is referring to...

http://www.beaconequity.com/7-top-penny-stocks-in-review-for-january-18-2012-01-18/

It doesn't appear they are touting the stock, but rather simply referencing its performance yesterday.

Yes, the new direction at least gives Michelex a fighting chance. There are a lot of things which need to be cleaned up, but I'm confident there will be renewed confidence in the investing community once we have a new board with the right intentions and much-needed transparency.

Looks like they have it cleaned up... I was hopeful it was a sign of something being posted... No such luck.

The MCET website looks a little funky. I am not an IT geek, but in the area where you find news on the right hand side and in the area for SEC Filings under Investor Information, there is a bunch of garbled code.

This is pure speculation, but it appears they are attempting to load something??????

Or, it's just a glitch?

http://www.multicelltech.com/investor-information/SEC-Filings-and-Annual-Reports

It shows!! Hang in there... MLXO and MCET both have upside in the short and long term :)

The list of excuses are ridiculous... "My dog ate it", isn't going to cut it...

I don't know. It sounds like Horseshoeman has some details regarding the stents. I don't believe they have started human trials, which means A LONG time...

Please expand... Who told you they re-designed the stent? When? What were the changes? Are these the changes you expect in the PRs and the announcements regarding the patents?

Thank you in advance...

Does anyone know if Xenogenics has plans to commercialize the stents?

Well, when your CEO's resume includes telemarketing scams, that should clue you in that things are probably going to run a little squirrelly.

I can only imagine what the folks at Paritz were saying when trying to put the financials together...

Fair enough... ;)

Well, let's revisit in 30 days :)

Just under a year. I only have 3M shares, but I think it has potential.

The discussion regarding the patents on the stents is not nearly as important as knowing the intention around commercialization. With or without the patents, the commercialization intent is the key...

They've had this stent technology since what, October of 2010? What's the plan?

http://www.prnewswire.com/news-releases/multicells-majority-owned-subsidiary-acquires-bioabsorbable-interventional-cardiology-stent-assets-105245293.html

Well, there is a sequence to what needs to be done. Considering WHEN we started and where we sit today, I think the progress is substantial. However, we're certainly not done. Several more steps need to be executed in order to accomplish what needs to be done. All shareholders need to be diligent and doing their part to see this through. We can't fall asleep now...

You're right. The jury is still out. However, I think you'll see a different verdict coming down if you hold your opinion for 30 days...

Keep them rolling in, however!! The shares need to be adjudicated. We need a cushion.

If you still own shares you haven't pledged, or know someone with shares they haven't pledged, please get the consent filled out and sent in!!

The votes are just step one.

Elcheepo,

I actually appreciate your perspective, as it likely comes from experience. However, I do think this outcome will be different for the following two reasons...

1. The shareholders have gotten involved. There are 1,000,000,000 authorized shares. The knuckleheads we are looking to remove control about 230,000,000 of those, leaving about 770,000,000 in the hands of street shareholders. As of a conversation I had with Mr. Sawyer about an hour ago, we have received consents worth about 550,000,000 shares. So, in a matter about about five days, through word of mouth and shareholder involvement, we have achieved remarkable alignment from the people who ultimately call the shots - the shareholders.

2. Unlike most scammers, our threesome apparently grew up riding the short bus. Mr. Sawyer will enlighten the group shortly, but needless to say, it's a comedy of errors on their part which will allow the shareholders to execute our resolution and remove these people from power. Their incompetence keeps them from effectively shutting the door on shareholders. Thank God!!

Again, I appreciate healthy skepticism. It's still way too early to declare victory, but you must admit, we are making incredible progress. Agree?

Atta boy, Mugs!!

A reckoning is coming for Mr. Saleem and his accomplices, Lacle and Syed.

And hope is coming to Michelex/Pristine :)

The fraudulent draft final audit was put out on July 19, 2011. The discussion is ongoing.

What exactly are you waiting for? Cmon, every vote counts!!

Hey everyone! I had a great debriefing with Mr. Sawyer earlier. We are currently sitting around 450M shares, so we have about 50M more to go. He agreed it makes sense to encourage every shareholder to reach out to friends and family who may be holding MLXO and have them execute a consent. He's expecting a good number of consents to arrive via the mail today and tomorrow.

I'm extremely anxious to get this important first step behind us, so we can all start looking forward to the new Michelex :)

If you have friends holding shares, please get the consent form in front of them and have them get it executed and sent in as soon as possible!

Nice little bump today!

The language in the 8K is extremely tedious to decipher. I wish there was a plain-speak version. However, the key takeaways for me are: Wanxiang keeps adding money into the mix; Boris is solidying his position with more shares; Ener1 keeps expanding its base of business partners.

They are partnered and backed by the deepest pockets in the world. I think BIG things are coming...

I'm highly encouraged by the steady gains we have seen over the last week. I'm at 230K shares averaged around $.20. I am hopeful it can get back over a $1.00 without substantial dilution. I can live with a 15-20% dilution if it keeps them rolling...

What are your thoughts??

It seems like a long time since we've seen 3M in volume. Does anyone recall the last time? 5M? 10M?

I hope they are in the mix!!

Hopefully the ask will hold and grow!!

Very nice to see!!

It's a great time to buy in. The price is cheap and there is significant hope for a better company by the end of the month. Things will have a much different look very soon. Hopefully the share price is one of those things :)

Ener1 doesn't appear to be going away. Check out link below referencing plans for street motorcycles with Ener1 batteries...

http://www.motorcycle-usa.com/845/11978/Motorcycle-Article/Worlds-Fastest-Electric---Lightning-Motorcycles.aspx