Charting
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
It looks like to me that the Cornell Butt Kissin MM's are looking for weak hands today.
The last time I spoke with Tom G. I suggested a 100 for 99 Forward split, something that would not increase the O/S Much, but would cause an audit of the certs and bring the Cornell shorts out into the open. He liked the idea but wouldn't say if they were prepared to go that far or not.
Anyone else have a Time and sales page for MLXOE Today? OTCBB.com is showing this;
Time & Sales
Price Size Time
0.032 5500 11:30:35
0.03 30000 10:34:54
0.031 6123 10:34:51
0.031 23877 10:34:51
But my Ameritrade ticker says 125,623
MLXO(E) Filed awesome 8K Today, watch for a possible Gap-up tomorrow, last 7 sessions MLXO Has hugged the upper Bollinger Band. 8-K was a warning signal for Cornell Capital to get the shorts out, In My Opinion. 10-K should come anyday now.
hurley cruppers; We might see this Gap in the Morning? It's possible.
sawdin; I asked Tom G. how he got hooked up with Cornell in the first place and he told me an Investment Banker that was consulting them last year was the CULPRIT, Tom said he knew nothing about Cornell at the time and had no idea that they would short them into the ground like this, as soon as he found out what was going on he began the process of breaking away from Cornell. And the Investment Banker? Well hes already HISTORY!
My Take on this 8-K...........
Michelex definitely agreed to these new terms and they would not have done that if they were not able to make the payments described. Wells Fargo, In My Opinion, Just cut Michelex some "MAJOR SLACK" on the debt, that they owe. This will be a Major Sign for Cornell Capital to get the Shorts out. Michelex has had 28 years of profit out of 33? Well thats a pretty good track record, plus 15 mil in assets, thats why Well Fargo is going easy on them. Wells Fargo people are smart enough to know about Cornell Capitals reputation, and they know that if Michelex used Cornell Funds, they would Probably be paid off right now. Tom G. is using his head for sure, breaking away from Cornell is the best thing he could do. Although to some this may not seem like good news, but I think it's GREAT news. It's gonna be fun to watch what Cornell does now to the Major Short position that they hold, they would be stupid not to cover like right now, lest they get caught short in the teens or .20's. If Michelex finds some good financing right away and Cornell hasn't covered yet, then they can get srewed bigtime. We could see this start to run tomorrow, thats not a prediction, just a guess.
Looking at the chart, we have closed the last seven sessions above the Bollinger Bands Mid-line, before that we closed 21 sessions below it, I think a clear uptrend is underway, I am sure Cornell in colusion with a MM or two are keeping this down for covering purposes, Just my Opinion, but when you are talking about a hedge fund with that kind of capital well, Money is power in this arena.
sawdin; It's good to see someone besides myself is calling. Thats basically what Tom told me too, he said someone who consulting or something for them right now, likened MLXO to a Ferrari that has had it's gas stolen, once it gets gassed up it will ROAR! If they found financing from another source that is reputable, Cornell is going to have to get covering in a hurry under the risk of getting stuck with a massive short position and have to cover at higher prices, I think they have been covering a little at a time, keeping the PPS under .04.
Ricky-D; No updates Today, waiting on the 10K.eom
More MM games on nothing volume. eom
I think there are alot of Investors sitting on the sidelines of MLXO right now waiting to see the "E" come-off. They need to get the 10K filed and maybe we will see some volume.
new2005; If this Corporation was making any significant profit it would not be a penny stock, we would be talking dollars. It doesn't have to show a profit to be valued at .15-.20 or even .30, 12 Mil in Revs and 15 Mil in assets puts this 88 Mil O/S well above .03-.04. There is a significant short position here, and when they cover it this will go up bigtime. I hope we get some buying pressure and force Cornell out, SQUEEZE-EM GOOD!!!
hurley cruppers; Exactly what I mean. eom.
15 Mil in assets, 12 Mil in Revs, 88 Mil O/S, 26 Mil Float, that makes it a Market-Cap of what @ .035???????????????????
30 days from the E date, the company has 2 more weeks, yesterday Tom G. assured me they will have the 10K filed before the 30 days are up, they will not let this goto the pinks.
MLXO; I called the Transfer Agent this Morning and the Share count is unchanged, no dilution.
Authorized;; 100,000,000
Outstanding; 88,347,309
Restricted;; 62,321,923
Float;...... 26,025,386
MLXO; I called the Transfer Agent this Morning and the Share count is unchanged, no dilution.
Authorized;; 100,000,000
Outstanding; 88,347,309
Restricted;; 62,321,923
Float;...... 26,025,386
I called the Transfer Agent this Morning and the Share count is unchanged, no dilution.
Authorized;; 100,000,000
Outstanding; 88,347,309
Restricted;; 62,321,923
Float;...... 26,025,386
MLXO(E); I got thru to Tom G. Director today a few minutes before 5, he said they definitely ARE filing the 10K, they had some unforseen delays, Hurdles he called them, I asked if it would be out by tomorrow, he said no, very Probable next week but they WILL NOT GO TO THE PINKS, they have 2 more weeks. I tried to pry more info about Cornell, He and his family are mad as hell about it. He said an Investment Banker that was consulting for the company last year, hooked them up with Cornell, he no longer works for the company or is affiliated with MLXO either. He said their decision to deal with Cornell was a wrong direction for the company. The best description he could give me was this, someone who is consulting or something for MLXO Now, after looking everything over, said that this company is like a Ferrari and Cornell has taken away most of it's gas! LOL Thats a quote! Once they get gassed up, Cornell will be gone and they will be back on track. This is a solid company since 1972 with 15 MIL in assets, they WILL get back up, it's just a matter of time.
MLXO; I got thru to Tom G. today (Director) a few minutes before 5, he said they definitely ARE filing the 10K, they had some unforseen delays, Hurdles he called them, I asked if it would be out by tomorrow, he said no, very Probable next week but they WILL NOT GO TO THE PINKS, they have 2 more weeks. I tried to pry more info about Cornell, He and his family are mad as hell about it. He said an Investment Banker that was consulting for the company last year, hooked them up with Cornell, he no longer works for the company or is affiliated with MLXO either. He said their decision to deal with Cornell was a wrong direction for the company. The best description he could give me was this, someone who is consulting or something for MLXO Now, after looking eveything over, said that this company is like a Ferrari and Cornell has taken away most of it's gas! LOL Thats a quote! Once they get gassed up, Cornell will be gone and they will be back on track. This is a solid company since 1972 with 15 MIL in assets, 12 MIL in Revs, they WILL get back up, it's just a matter of time.
MLXO; I got thru to Tom G. today (Director) a few minutes before 5, he said they definitely ARE filing the 10K, they had some unforseen delays, Hurdles he called them, I asked if it would be out by tomorrow, he said no, very Probable next week but they WILL NOT GO TO THE PINKS, they have 2 more weeks. I tried to pry more info about Cornell, He and his family are mad as hell about it. He said an Investment Banker that was consulting for the company last year, hooked them up with Cornell, he no longer works for the company or is affiliated with MLXO either. He said their decision to deal with Cornell was a wrong direction for the company. The best description he could give me was this, someone who is consulting or something for MLXO Now, after looking eveything over, said that this company is like a Ferrari and Cornell has taken away most of it's gas! LOL Thats a quote! Once they get gassed up, Cornell will be gone and they will be back on track. This is a solid company since 1972 with 15 MIL in assets, 12 MIL in Revs, they WILL get back up, it's just a matter of time.
MLXO; I got thru to Tom G. today (Director) a few minutes before 5, he said they definitely ARE filing the 10K, they had some unforseen delays, Hurdles he called them, I asked if it would be out by tomorrow, he said no, very Probable next week but they WILL NOT GO TO THE PINKS, they have 2 more weeks. I tried to pry more info about Cornell, He and his family are mad as hell about it. He said an Investment Banker that was consulting for the company last year, hooked them up with Cornell, he no longer works for the company or is affiliated with MLXO either. He said their decision to deal with Cornell was a wrong direction for the company. The best description he could give me was this, someone who is consulting or something for MLXO Now, after looking eveything over, said that this company is like a Ferrari and Cornell has taken away most of it's gas! LOL Thats a quote! Once they get gassed up, Cornell will be gone and they will be back on track. This is a solid company since 1972 with 15 MIL in assets, 12 MIL in Revs, they WILL get back up, it's just a matter of time.
MLXO; I got thru to Tom G. today (Director) a few minutes before 5, he said they definitely ARE filing the 10K, they had some unforseen delays, Hurdles he called them, I asked if it would be out by tomorrow, he said no, very Probable next week but they WILL NOT GO TO THE PINKS, they have 2 more weeks. I tried to pry more info about Cornell, He and his family are mad as hell about it. He said an Investment Banker that was consulting for the company last year, hooked them up with Cornell, he no longer works for the company or is affiliated with MLXO either. He said their decision to deal with Cornell was a wrong direction for the company. The best description he could give me was this, someone who is consulting or something for MLXO Now, after looking eveything over, said that this company is like a Ferrari and Cornell has taken away most of it's gas! LOL Thats a quote! Once they get gassed up, Cornell will be gone and they will be back on track. This is a solid company since 1972 with 15 MIL in assets, 12 MIL in Revs, they WILL get back up, it's just a matter of time.
MLXO; I got thru to Tom G. today (Director) a few minutes before 5, he said they definitely ARE filing the 10K, they had some unforseen delays, Hurdles he called them, I asked if it would be out by tomorrow, he said no, very Probable next week but they WILL NOT GO TO THE PINKS, they have 2 more weeks. I tried to pry more info about Cornell, He and his family are mad as hell about it. He said an Investment Banker that was consulting for the company last year, hooked them up with Cornell, he no longer works for the company or is affiliated with MLXO either. He said their decision to deal with Cornell was a wrong direction for the company. The best description he could give me was this, someone who is consulting or something for MLXO Now, after looking eveything over, said that this company is like a Ferrari and Cornell has taken away most of it's gas! LOL Thats a quote! Once they get gassed up, Cornell will be gone and they will be back on track. This is a solid company since 1972 with 15 MIL in assets, 12 MIL in Revs, they WILL get back up, it's just a matter of time.
I got thru to Tom G. today a few minutes before 5, he said they definitely ARE filing the 10K, they had some unforseen delays, Hurdles he called them, I asked if it would be out by tomorrow, he said no, very Probable next week but they WILL NOT GO TO THE PINKS, they have 2 more weeks. I tried to pry more info about Cornell, He and his family are mad as hell about it. He said an Investment Banker that was consulting for the company last year, hooked them up with Cornell, he no longer works for the company or is affiliated with MLXO either. He said their decision to deal with Cornell was a wrong direction for the company. The best description he could give me was this, someone who is consulting or something for MLXO Now, after looking eveything over, said that this company is like a Ferrari and Cornell has taken away most of it's gas! LOL Thats a quote! Once they get gassed up, Cornell will be gone and they will be back on track. This is a solid company since 1972 with 15 MIL in assets, they WILL get back up, it's just a matter of time.
I've been trying to contact Tom G. at the Michele Audio office all day, they tell me he has been in conference calls all day, yesterday same thing, I think he has some tough cookies working on this massive short crap that Cornell has dealt them, I know from a couple past phone calls that he said that himself and his family are the major shareholders in MLXO and they are very upset with what Cornell has done to their stock price, I got the impression from him that they were going to play some serious hardball against Cornell, they were not going to let them get away with this. The Fireworks are coming you can take that to the bank.
I'd call it the Calm Before the Storm! 10K Anyday and Prob. a PR along with it about breaking away from the stranglehold grip of cornell. I think the MM's are not going to play with this anymore when they don't know what the management has up it's sleeve, Cornell does not want to get stuck short thats a given.
Come-on Tom wheres the 10K?????????
purlieu; I know Stock190's post was concerning CIRT, I was using it as an example of what effect Cornell has on a company with these SEDA deals. They sell short the company they sign a financing deal with and then lend the company their own money. I believe Toxic Financing is a good term. Thats whyI believe MLXO will rebound nicely since Cornell runs a risk now of getting stuck short.
bkwheadon; Yesterday and Today Tom G. is at the Michele Audio offices, the Phone Number for that office is 315-769-2448. The secrectary that answers the phone there says that when hes at that office he is on the phone most of the day and it's hard to get thru to him, I tried several times yesterday and already this morning, you just have to keep trying to catch him when hes off the phone.
hurley cruppers; MLXO was on the SHO List from Feb. 11th to March 8th, then it was put back on March 29th but was only on for about a week or 2. When Cornell Capital short sells a company that they have a Standby Equity Financing Deal with, they make sure thay are not naked shorting it by reserving shares thru the DTC to sell short, I'm sure they do some naked shorts, but most of their short sells are legit, but this case with MLXO is different because now that Cornell has this massive short position here, and the company has decided NOT to use any funds from Cornell, well Cornell has a little problem. They run the risk of the company coming out with good numbers or good news and people start buying this up and they get caught having to cover at much higher prices, I believe they have been covering for the past few weeks, but they are trying to keep the PPS down to cover cheap.
By "Stock190" from BB's Penny Haven, this is a very good example of what Cornell Capital does to companies, thank god the management of Michelex has some brains and realized what a mistake getting financing from Cornell is, and has decided not to use any money from them.
http://www.investorshub.com/boards/read_msg.asp?message_id=6175674
MLXO(E) Has formed a Bullish Side-by-Side heres the link, Reliability is high, along with my confidence ever since the management told me they are not using a dime of Cornell Capitals SHORT MONEY!!! Cornell has way oversold this from .20-.30 down to .03-.04, they are trying to keep it down here to cover their massive short position, but sooner rather than later In My Opinion, it's going to POP!
http://www.litwick.com/indicators/2136.html
Just look at them Bolli Bands!
http://stockcharts.com/def/servlet/SC.web?c=MLXOE,uu[m,a]daclyiay[db][pd20,2!b200][vc60][iUb14!Lh14,...
POP GOES THE WEASEL, CAUSE THE WEASEL GOES POP! LOL.
MLXO(E) Has formed a Bullish Side-by-Side heres the link, Reliability is high, along with my confidence ever since the management told me they are not using a dime of Cornell Capitals SHORT MONEY!!! Cornell has way oversold this from .20-.30 down to .03-.04, they are trying to keep it down here to cover their massive short position, but sooner rather than later In My Opinion, it's going to POP!
http://www.litwick.com/indicators/2136.html
zoltan; Whatever works lets' just get this party started, the chart is looking way too good to keep going sideways.
kgoodrich; Thanks for posting the MLXO Chart, I personally think it's ready to pop, the company inked a Standby Equity Financing deal with Cornell Capital back in nov. as you can see on the chart, Cornell immediately started their short selling pillage, well when the management got wind of this, they decided the did not want Cornell's short sale money so now Cornell is caught in a pickle of sorts (SHORTS) that they are going to have to cover, from what I hear Cornell does not like to hold positions very long and the run the risk of getting screwed if the company comes out with good news and buying pressure results, and Cornell has to cover at much higher prices! I've loaded the boat on this play for sure, waiting for the fuse to be lit. MLXO Had 12 mil in revs last year and has 15 mil in assets, they are worth much more than .03-.04. IMHO. GLTA.
kgoodrich; I've been watching MLXO (MLXOE) Temp. for a month now, I've spoken with the head of the Company, they inked a Standby Equity Deal with Cornell Capital, the Short Selling Monster, back in Nov. and Cornell has shorted this one down from .20-.30's to where it is now, well to make a long story short, the company is very upset with what Cornell has done to their PPS and HAS NOT AND HAS DECIDED NOT to use any funds from Cornell, so Cornell has a massive short position on this one to cover before they get totally squeezed!!!! MLXO told me they have a plan to combat what Cornell has done, maybe a civil suit, I don't know, but they told me in the next 2 weeks and that was 10 days ago, so get ready for the fireworks to fly and the PPS to fly too.
Bollinger Band ALERT; MLXO (MLXOE) Temporarily, looks like it's ready to pop.
new2005; Last monday Tom Gramuglia told me in a phone conversation that the 10K would be 10 days late, this is the 10th day! East to figure out eh???