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Gotta LOVE the Suspense! LOL, Thats one of the best parts of Investing for me, especially when you know your sitting on a stock with potential of running bigtime! This stock ran from .25 to 1.50 last Oct. Now that Cornell is getting the boot and Long-term Financing from Wells-Fargo looks like a probable outcome, a run to .20-.30 would be awesome. There are stocks out there with NO REVS that have huge runs, This company had 12 mil revs and 15 mil assets. MLXO Bounces around it's PPS on such little volume that a 2-4 mil day with heavy buying could rocket this to the teens or .20's easy. I'm holding for the ride.
sawdin; They have a Investor Relations guy named Charles something, that they need to fire, he is a waste of space, he doesn't answer his phone nor return any calls that I know of, the company would save some money by dumping that POS. I doubt if he is up on any company activities or info if anyone did talk to the guy anyways. Thats why Tom is taking calls, because a couple months ago I brought it to his attention that this Charles guy wasn't returning calls or answering his phone, I hope they can the guy real soon and get someone worth paying.
I just got off the phone with Tom G. and he told me that their accountant has the 10K right now and is finishing it up and that they are pushing real hard to get this wrapped up, he is pretty confident that it will be filed before the 20th deadline. He knows it's in the companies best interest to file this and not get delisted, he said he is sorry for the delays, but these things happen and they have to deal with them the best they can. I told him he has a lot of worried shareholders, some of which are on the verge of bailing out because of this, so I asked him what the odds were of the 10K getting filed, he told me to call back in about 4 hours and he would give me the odds of an actual filing date. He said as long as they don't run into any more snags, it will be filed before the delisting date.
bankofblake; Believe what you want, I have spoke with Tom G. several times and have posted EXACTLY what he told me. I have a call into him right now thru one of the secretaries at the main office, I told her that I don't need Tom to call me back, I just want to verify that the 10K will be filed in time so the stock doesn't end up on the Pink Sheets. I am waiting for a return call back. If you want to accuse someone of Bullchiting, just make sure you don't accuse me bud, because I don't play that game. I have not posted one line of B/S. I tell it like it is and I have spent a lot of time researching this company.
pickspicks1; Thats the BEST part about Gambling on the BB, when it comes down to the wire, we Separate the Men from the Boys! LOL. This company has been in Business since 1972 with 28 years of profit, they have so many orders that they can't fill due to financing for raw materials. A Consultant told Tom G. that Michelex is like a Ferrari that has had it's gas stolen by Cornell, once they get gassed up, well, A Ferrari speaks for itself. I'm definitely holding on for this ride. You boys that bail can cry rivers when this baby smokes the tires hitting 4th gear. 12 mil revs, 15 mil assets, I'm 99% sure this won't go pink, hope you got your seatbelts on?
Come-on weak hands, BAIL, so I can pick-up another 100k around .025. 10k This week and Bye,Bye Cornell. I see double digits on the Horizon!!!!!!!!!!!!!!!!!!!!!!!!1
lakers17; I called yesterday and was told that Tom G. is out of the state this week, they did not give me any other info besides that. When I spoke with him last week, he assured me the 10K would be filed and that they would not let this get delisted to the Pink Sheets. He said the reason for them being late was that they had a few hurdles that took longer than expected and he sounded like it was, Thanks to Cornell.
Hey man, a few of you need a drink or something and chill out. The Director promised they would not let this go pink, if it does, oh well, that doesn't mean the price will drop, there are lots of pinks trading alot higher than this. I don't believe Tom Gramuglia is a crooked business man, he seems very straight forward to me, I believe the 10K will be in before the Land of Pink overtakes us. Lets have a little faith, they just got reamed by Cornell and are trying to get out of the Cornell Hell Hole.
200,000 in buys and NITE drops the ask?HMMMMMM Strange.
MLXO Has too much at stake to not file, IMO.
Ask is very thin to .045.eom
Big Block buys going thru, Cornell Covering???eom
pickspicks1; Have you called Tom G.?eom
A 100,000 buy at open @ .036 someone knows something is up.
pickspicks1; Tom G. Guaranteed me they would file the 10K before the deadline, he said this crap with Cornell caused them some hurdles to jump over, but they will NOT go pink. Fighting a Massive Hedge fund like Cornell is not an easy task. Bail if you like, but I am confident that patience will pay-off BIGTIME! He also gave me the impression that they have new consulting people helping them get out of this pickle. I think this is our week.
I want my DOUBLE DIGITS!!!eom.
You have to remember this, Michelex has been in business since 1972, the have been a family owned and operated business since it's inception. They just recently went public less than 2 years ago. So they have been a privately run corporation for over 30 years and they have not been in the routine of putting out PR's for shareholders on a publicly traded market, in fact they do not seem to be very experienced in this arena, judging by the decisions they have made in the last year. They were going to become a BDC (Business Development Company) last fall, probably on the advice of the same idiot Investment Banker that hooked them up with Cornell. Then in Dec. they probably realized the downfall they would have in investor interest if they became a BDC, which can dilute without notice, smart investors steer clear of most BDC's, so they retracted on the BDC venture. I think the management of MLXO has learned some valuable lessons recently and now have some REAL CONSULTANTS giving advice and will turn this around. This is still somewhat of a high risk stock, but if they turn this around and get the price back to a fair valuation this one can be very rewarding which is what I believe and have placed a substantial bet on MLXO.
kgoodrich; Take a good look at the chart for MLXO(E), the E is coming off rumored first of next week, and Cornell Capital is going to get the Boot. .035 is way undervalued for this company and Cornell is going to have to cover their massive short position very soon. This stock is like a timebomb ready to go off, I smell double digits very soon.
Looking at the Chart and using the peak in Oct. and the peak in Feb. as a downtrend line, we just broke that downtrend line today, also the STO Did a nice turn back up after the dip under 50, the Bollingers are still fairly tight and the RSI is headed up with lots of room for upside movement. The Chaikin Money Flow touched green this week also, thats only the second time since march when it was green and we were at .15. My opinion is that this is coming together now and if the company plays their cards right this next week and gives Cornell a swift Boot where the sun don't shine, we could have a sustainable run back to FAIR VALUATION LAND! It's obvious to me that some MM's are protecting Cornells short position or something, because .035 is DEFINITELY NOT A FAIR VALUATION FOR MLXO!!! All we need is a couple days with a couple Mil volume with some serious buying pressure and this suckers gone to double digits, That is as long as the company puts out.
It's time for MLXO to hava GCCP week!!!eom
lakers17; You have to take into consideration the "Cornell Factor" with this company. Trying to break those chains is more difficult and time consuming than you think.
harr449; I'm not sure on the forms or filings on that issue, I just know thats what Cornell is known for. After they ink a SEDA, (Standby Equity Dist. Agreement), They massively short sell the company then loan the company funds from shortselling them and then proceed to buy up a controlling interest in that same company. They are a very slick outfit, they reserve shares with the DTC to short sell so they are legit shorts and not naked short sales and they usually have wording written in their contracts that give them the right to buy a substantial amount of shares in that company. Like I said before they are in my opinion "LEGIT CROOKS". They Pillage companies LEGALLY!!! And all with the graces of the Dreaded SEC.
Looks like the Chaikin Money Flow is peeking Green Today! The first time in over a month.
It appears the MM's are filing Buys @.03 going by the last 10 trades.
LAST 10 TRADES
Time Price Volume Exchange Info
12:54:34 0.030 15000 OTC BBS
12:54:21 0.030 15000 OTC BBS at Ask
12:54:16 0.030 5000 OTC BBS at Ask
12:17:44 0.030 200 OTC BBS at Ask
12:17:44 0.030 1200 OTC BBS at Ask
12:02:50 0.030 5000 OTC BBS
12:01:58 0.030 2500 OTC BBS
11:55:59 0.030 17000 OTC BBS
11:55:08 0.030 5000 OTC BBS at Bid
11:55:04 0.028 24000 OTC BBS
MM's are awful tight fisted with shares, this thing moves on hardly nothing volume, Ya know if the company was to announce a Buy-Back, what that would do to Cornell's thinking? Even if it was a small Buy-Back like a couple Mil shares over a couple months. I'm going to suggest that to Tom G. anyone else who calls him should also, I know they are in need of financing, but personally the Gramuglia family I'm sure is very well off with 28 out of 33 profitable years and 15 mil in assets, If I was Tom G. I would use my personal funds and Buy-Back some shares at these rock bottom prices.
farnrth1; Thanks, I've been doing my homework on this one and in my opinion MLXO is going to get it's wings shortly, thats why I have consolidated many of my other penny plays into MLXO. When you get that Gut Instinct you gotta run with it.
harr449; You should see if you can find out what % of MOBL Cornell holds now? The price rises on Cornell stocks when they get their Controlling Interest in the company bought up at rock bottom prices, now Cornell is a part owner of the Corp. To me thats a pretty hefty price to pay for some financing! The same financing they could get elsewhere without giving up a % of the company to a Hedge Fund. MLXO will not let Cornell do that, very smart of themto find alternate Financing, it will payoff bigtime in the long run for MLXO.
farnrth1; The head of the Company Guaranteed me they would not go pink.
wzebra33; I am confident that we will probably see a One-Two Punch from Michelex, I think they are going to make it difficult for Cornell to keep holding this short position indefinitely. I think theres gonna be some forced covering soon. Just my opinion, but from speaking with Tom G. it sure sounds like their playing Hardball to me. One has to have patience with this kind of thing, over 4 months of shorting by Cornell takes a little time to get turned around.
treepeople; Cornell's method of operation is to first short sell the stock to death and then buy up a controlling interest in that company, thats why they run up, after Cornell has bought a controlling interest in voting rights, this was never intended by the companies that took the Standby Equity loan. It is just the outcome of Cornell's sneaky tactics. The board at MLXO Does not want Cornell to have a controlling interest in their company and thats one reason they put a stop to it and didn't use their funds. These other companies maybe having a nice run now, but long-term, they have Cornell to deal with on major decisions since Cornell now holds a controlling interest. It's like if you went to a bank for a mortgage on your house but you didn't realize that what you signed gave the Bank power to influence any decisions you might want to make on any remodeling you do or additions you might want, what if the bank had a "Controlling Interest" in the decisions on your home? How would you feel about that? Well thats Cornell boiled down in a nutshell, you think your getting financing, but your also getting Cornell involved in your business with a controlling interest that you never planned on, they just bought their way in by shorting you to death first and then loaning you your own money. It's a very shrewd business tactic, it works for Cornell but is not good in the long-term for the companies that get the shaft.
Ya know, it's easy to sit back and be an armchair General in the heat of the battle. Filing on time is an important thing, but when you have a Monster Hedge Fund Biting you in the AZZ and trying to drive your stock into the ground, it's not so easy fighting back at that. I personally give Tom G. a lot of credit for standing up to those Pigs and basically telling them to shove their short sold funds up their (You know what). Wells Fargo just gave Michelex a MAJOR BREAK on their debt. While they seek alternate Financing. Things like this take time. They have until the end of next week to file the 10K. Patience will PAY OFF here In My Opinion!!! I'm sure Tom G. Has hired some top Financial Advisors to help jump over this Hurdle. Don't be surprised to see this bounce back to double digits near term. All those who bailed at these depressed prices can cry.
MM's Shakin the tree for weak sellers!eom
MLXO Got the E on 4-20 they have 30 days from 4-20 to file the 10K.
Correction; I posted that MLXO had until the end of this week to file, but, it's next week the 20th that they have to file before they go pink. I'm going to try and get thru to Tom G. Today for anyupdate I can get.
Haddy; I think they have till the end of this week and then they go pink, Tom G. Promised that would not happen so expect it anyday now.
wzebra33; I really have no Idea what this thing is going to do! All the crap I've seen happen it could TANK for all I know but it should get a nice bounce reality speaking, it's definitely valued higher than it's price reflects but with scumbags like Cornell involved all kinds of manipulation are possible.
hurley cruppers; Whoever drew that chart missed on their lines, we have two high tops to work with on this downtrend line and thats the spike in Oct. up around 1.50 and a spike in Feb. just above .15 which when I draw my Downtrend line, we are almost right at it's door, around .04.045, a few more sideways days and the downtrend line will be in the .03's, I think whomever the company has consulting them now has also looked at the chart too. Seems like too many things will be happening here all at once when the 10K gets released to be coincidence.
kgoodrich;
I don't think I would use the Aroon to a great degree of reliability here, remember, this isn't a normal stock, this has been manipulated down by a Gigantic Hedge Fund who now has a massive short position to cover. Did you read the latest 8K? Have you read anything from the MLXO Board? The company is not using a dime of Cornell Capital funds, and Cornell has already shorted down from .20 to where we are at now. I have been keeping records of the daily Time and sales sheets, there has been a lot more buying pressure than what the price reflects. I believe it's being manipulated where it's at and Cornell has already been covering for the past couple weeks now. They are trying to keep it down so they cover in the .03's. Just my opinion though.
http://www.investorshub.com/boards/board.asp?board_id=3403
MLXO(E) Sure is looking more and more like a Bullish Falling Wedge, (Bollinger Bands getting very tight) click on this link and then look at the chart for MLXO(E) since Oct. 8K yesterday, 10K coming next week along with a PR according to management. I think MLXO Is at the bottom of it's downtrend and a reversal is Dead Ahead, In My Opinion.
http://stockcharts.com/education/ChartAnalysis/fallingWedge.html
sawdin; Another thing you might suggest to him also is, the company doing a "Buyback" of free trading shares. Even if it's a small amount like say 1-2 Mil, they were given enough Cash breaks from Wells Fargo alone to do that. If they PR'd something like that, it would throw a wrench into Cornells Short position for sure along with lowering the float. It doesn't have to be a very big buyback to achieve results, look at how much these MM's bounce the price around 5-10K share Buys/Sells.