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BOY AM I GLAD I SOLD OUT OF THIS AT .0460.
That might be true if MLXO was actually moving.
I would have rather have heard that they were SEC reporting again or seen this page updated:
http://edgar.sec.gov/cgi-bin/browse-edgar?company=Michelex&CIK=&filenum=&State=&SIC=...
Since it wasn't, we don't know.
I also liked how they said there was like 2.5 million less debt, but didn't bother to mention what the current debt was. Since they don't know, I guess we have to assume that audit to get reporting is moving along really well right now. :rolls eyes:
They also employ folks to come on message boards to disuade potential investors should they see a run coming on a stock which they have shorted.
There is no such thing as a paid basher, only a paid pumper. Paid bashing makes no friggen sense when the whole point is to get people to invest frivolously.
I'm all for this, it will help protect us from both short seller and toxic financing (when an increase in Authorized Shares accompanies massive short selling. The toxic financier instead of covering his shorts will just be given them from the CEO)
It's a 50/50 issue. Part of me looks at it as a risky investment, the other part say go go go. It's up to you how to invest, but just be careful.
Well, I'm not 100% against this company. They do have some really POSITIVE things going for them right now. I'm just what you could consider suspicious and concerned. I mean, I've lost a LOT of value in what was supposed to be a company down and out. A lot of the PRs have been positive, if not speculative. Today was a good run, and the technical analysis would seem to indicate things will get better, but we'll have to see.
I'm just requesting that people who do decide to invest be aware of what they are investing in, a Pink Sheet that is posting PRs of what MAY be the future.
I seriously do hope that I, and everyone else, hit their target mark. A lot of you are fully convinced that this will run to .20. I know I sure was when I bought over a year ago. But we'll have to see. Right now I think they CAN, but I'm worried about the lack of financials and the SEC reports that indicate increased A/S. Any good investor would see that as a warning sign.
Good luck to all. (And I really do mean that).
Current ratio isn't that spectacular. Might be good for a run based on T/A, though.
http://edgar.sec.gov/Archives/edgar/data/845879/000114036106004837/0001140361-06-004837.txt
Just curious, is there a reason this forum is still here? Can you still get quotes or buy shares of CMKX? Or is it here as a rememberence or "we will never forget" type thing?
Yup, MACD is looking VERY good.
" target="_blank">http://bigcharts.marketwatch.com/charts/big.chart?symb=MLXO&compidx=aaaaa%3A0&ma=1&maval...
RSI probably hasn't peaked yet either. Just by technical analysis, this thing is prepped for a run. Another PR, if worded right, might spark new interest. If you go by what others on here have been claiming, there will be some huge PR later this week. Since we're at the end of the week, I can only imagine they must mean Friday.
Low volume could take this to .055 tommorrow, high volume maybe as high as .065. I don't think we'll see a run like we did mid-March, but we'll see. Not much has changed with the fundamentals except the new A/S increase, but the last PR did state they weren't looking to dilute ala toxic financing, which was odd consider my comments on the forum earlier that same day specifically addressing the increase in A/S and toxic financing. Maybe they were catering their PR to me, I don't know.
I also don't know how the purchase of Sagoma Plastics is going to increase revenues. It might instead decrease expenses, maybe that's what they meant. Or, they could be talking about branching into all sorts of plastics production, which would be a huge step. I don't know if it fits their company image or not.
Speaking of the image, I sent an email over a year ago to someone there asking if they wanted someone to revamp their website and never got a response. Its a pity too, I would have given them a newer better template for free. Now I'm just in the hole and trying to recoup my losses, but I still intend to make a profit if I can. Everyone else here seems to think this will hit .20 easy, so we'll have to see if it can at least hit .10. I'd be happy.
Careful, speaking about the A/S increase tends to ruffle feathers. Most of us aren't very happy about it.
Now my sell order is at .095
I dropped it because I really want to get out of this. So here's to hoping this isn't a Pink Sheet toxic financing scam!
Sure. I've posted it several times!
g-invest@gravito.com
Investo7, care to divulge the phone number yet? I really would like to confirm Commander is Cornell. They clearly aren't if the SEC filing is any indication of Michelex's future/current toxic financing intentions.
I'll solve all our problems.
I just put in a market order to sell all my shares at $.1150
If this is such a great stock, all 10K of them (give or take a few thousand) will be gone by the end of the week, or surely the end of the month.
My word to you is that if my shares sell at $.1150, as I suspect most of the regular posters here think will happen, I'll leave the forum and the stock. For good.
I'm still pretty upset some of you are resorting to personal attacks, but I suppose you meet all kinds online. I certainly have before. There was a guy on AllStocks that defended QBID and Frank Olson after he had lost $12,000. I felt really bad for the guy, he was the exact demographic that always gets burned by toxic financing. I think he called me a basher, then said something about me wearing pink panties, and then said he'd horse-tie me or something. I ignored them. I've noticed iHub tends to have people that post shorter messages though, which makes the personal attacks a bit more insulting, and a huge waste of space.
This will be my last post of the night. Here's to hoping for a run. I'm sure you're all hoping for one too. (If for anything, to get me to leave).
I'm sorry, I've been busy reporting a few of the moderator's posts on here as personal attacks to the admin. I mean, when the entire comment is nothing but one huge personal attack, you start to take offense. I've not resorted to personal attacks on the others.
I'm taking issue with one comment Investo7 made (that Commander is Cornell) and asking him to prove it.
He's posting comments like this one:
http://www.investorshub.com/boards/read_msg.asp?message_id=10545743
Which one of us is violating the TOS?
Of course I'm going to question his credibility. He's not providing any evidence of Commander being an offshore entity of Cornell!
Where was it posted at? Links please!
BTW, Commander is only mentioned in the 2-1-06 SEC filing, so I'd be very interested in seeing this "months ago" source/evidence. I posted a full source in my last post and you still asked, "WHAT EVIDENCE". I hope you don't think that any reasonable viewer of this forum is going to see your comment as sufficient justification for buying shares.
Sure you can. This is a Pink, the common stock is held in majority by one man, the CEO. It's just like when Frank bought it from the previous owner when it was called Integrated Healthcare.
http://edgar.sec.gov/cgi-bin/browse-edgar?company=Triangle&CIK=&filenum=&State=&SIC=...
There is no public company named "Triangle Multi-Media Ltd." anymore on Edgar. Why is that? It used to be on there, did they change their name?
Gotta love the personal attacks you get for speaking your mind. I'm not leaving because just because you're too upset with what I'm saying to argue the evidence I've presented and feel obligated to resort to personal attacks. Nothing in your post offered any value otherwise.
This Fan CEO wouldn't have bought it if he didn't intend to revive it. IMHO the stock is at the stage where they look to see how much they need to do the reverse-split by to put authorized share count at 350 million or so, then they go into a "dark period" where there are no PRs for several months, if not years.
Wait a minute, so you're saying you told only a "select few" about this number that could keep quiet about it? What is it they need to be quiet about?
Can you then at least PM me with the link to where you posted the phone numbers? I think it'd be better if you showed us all your DD, but if you want to keep it to yourself, that's fine. I'd like to confirm that Commander is Cornell. If the phone number you want to give me is to the CEO, I'll be sure to call him up, record it without notification (as are the laws in the state I live in), and post an MP3 of it for the rest of you to see. Just let me know what number you called so I can confirm it as well. I'm really not a basher, I do own shares. If what you're saying is the truth, I'm just as excited as anyone here to hear it.
I highly doubt it is the truth, however, and believe you are making it up. I could be wrong, but unless you provide me with a way to find out, I'm never going to know.
I don't have to call the CEO. I have the SEC filings right here. I'm not an inside trader, I'm an investor who saw his value in Michelex decrease tenfold from .08 to .0080 in the last year.
It's only starting to recover, yet it takes an increase in authorized shares to do it? That strikes me as odd. So have the tiny buys, big sells, and massive fluctuations in price.
Filing SEC quarterly reports regularly again would fix this confusion for me.
Yup, that is exactly what I'm suggesting. Note that I didn't say it was happening, cause I honestly don't know. But I suspect it is, and encourage others to request that Investo7 please give out the information that confirms that Commander is owned by Cornell and is not a toxic financier. As of right now, we have nothing to go on but this:
The unpaid principal amount of the Convertible Debenture will be convertible into shares of the Company's common stock at the lesser of:
* 120% of the lowest closing bid price of our common stock in the 10 trading days immediately preceding the date of escrow closing; or
* 80% of the lowest closing bid price of our common stock in the five trading days preceding the date of conversion.
And this:
However, as of the date of the Joint Consent, we were authorized to issue 100,000,000 shares of common stock, with 88,347,309 shares already issued and outstanding. Therefore, we need to significantly increase our authorized shares of common stock to ensure compliance with Section 4.17 of the Convertible Debenture Purchase Agreement.
Source: http://tinyurl.com/o55bv
I'm offering proof backing my suspicions. Investo7 is hyping this stock and saying that Commander = Cornell and refusing to give me a phone number to confirm it.
Who here is the one that should be investigated by the SEC? If Investo7 really thought that the SEC or MLXO would sue me, he wouldn't delete any of my posts so they could be offered as evidence of my "scamming".
Again, I own stock in Michelex. I hope the CEO isn't toxic-financing and yes, colluding with Commander Capital, to dilute shareholder value in MLXO. But all evidence suggests that is exactly what they are doing.
Has anyone gotten the float/outstanding share count from the T/A lately? Has he been gagged? How about checking with the Secretary of State in the home state for the full authorized share count?
Okay, this post is clearly bunk. Quit with the hyping.
All forum posts are opinion. I can't back my suggestion that Commander is not Cornell, but I shouldn't have to. The onus is on YOU and Investo7 to prove they are one and the same, and nothing has indicated such. I've even asked for the phone number and not gotten it. Please provide me with a means to verify this if you're so certain it is true!
I have never resorted to personal attacks, I don't know why you guys are.
Investo7,
You stated this:
"And a BIG MOUTH to go with it, I doubt that you will find anything on the internet showing where Cornell Owns Commander Capital, I had to make some phone calls to confirm that info, from more than one source I might add. But it has been confirmed a long time ago Commander Capital is a Subsidiary of Cornell, Basically an Offshore Hedge Fund set-up with and run with Cornells Profits, Now that part (about run by profits) is "My Opinion" but the fact that Commanders Cash belongs to Cornell is not."
Please give me the phone numbers you called so I can confirm that Commander is owned by Cornell. Thank you.
That would be great. I hope to see the SEC reports too. It's the least they can do for those of us who bought this stock back when they USED to be reporting. How many of you new investors bought this stock when it was .08 and have held till now?
I saw that the articles went through so that they could short this stock via toxic financing and it didn't happen. Little did I know they were going to pump with PRs and hope for a run before they started shorting.
Maybe they *aren't* shorting. That very well could be, but why are people selling this that bought at .09, .08, .07, .06, etc? It doesn't make sense.
I am not Cornell. I'm an investor. Commander Capital is not Cornell. I've asked SEVERAL times now for any of you to prove it and you have not. Instead, I'm countering with the suggestion that Commander is actually a toxic fiancier, and that Michelex is colluding with them to short investors. I could very well be wrong, but why would you delete my posts or ban me for suggesting something that is just as probable as them lying to you in the PRs they are releasing ala QBID, PLNI, CMKX, or any other Pink?
Please let me know!
I don't understand what your post is saying, I'm sorry, you're going to have to be more clear.
Report me already then! I OWN SHARES IN MLXO.
I'm holding, I'm upset at the PRs while this is a Pink, rather than MLXO putting out SEC-verifiable quarterly reports, they are putting out PRs. What the hell? Doesn't that strike you as the least bit odd?
Now we keep hearing about some PR that is coming out this week, because the CEO apparently is talking to investors after ignoring my emails I sent over a year ago to him.
Please, by all means, request I be removed from this forum. I won't address this particular issue again. If you're going to do it, then don't threaten to, just DO IT.
Maybe. He checked this rule:
Rule 12g-4(a)(1)(ii), which means:
Termination of registration of a class of securities shall take effect 90 days, or such shorter period as the Commission may determine, after the issuer certifies to the Commission on Form 15 that:
By less than 500 persons, where the total assets of the issuer have not exceeded $10 million on the last day of each of the issuer's three most recent fiscal years; or
So if he's getting rid of common stock, we (the less than 500) get to convert into something. This may or may not be good, we'll have to see.
I agree, it does. T/A would indicate it might have been a good day to load up. Of course I caution those that would buy.
Sorry, you do not understand toxic financing. Toxic financing requires that the CEO be in on the scheme, because it's him/her that increases the authorized shares in anticipation of a massive shorting on behalf of the toxic financer. In other words, you can't say Cornell was Toxic. They were doing PIPE financing scams, which is a whole other animal and often doesn't involve the CEO
The problem that I have is that the PR you linked to came out after a post I made on here about there being no reason for the run and that it had to have been orchestrated as part of a toxic financing scheme.
I find it VERY suspicious that the very day I post about toxic financing they post a PR that says that their capital raising scheme will not be toxic. If they seriously wanted me to quit mentioning that, why didn't they email me?
Here's what I wrote:
http://www.investorshub.com/boards/read_msg.asp?message_id=10171469
I also wrote:
http://www.investorshub.com/boards/read_msg.asp?message_id=10171320
This was before the PR. Then they came out with a PR. Almost as a direct response to my post. Suspicious. I've since been demanding that MLXO go reporting because it's pretty obvious to me that someone that represents the company reads these forums. Let it be known we want to see MLXO on the OTCBB before they start diluting and you just might get your wish.
Keep defending this stock as a Pink Sheet darling that doesn't have to report because we can just trust the CEO and you'll find out just how fast they'll dilute your position to nothing.
Bah, I don't know. Like I said, I've had a sell order in at .0002 for forever now. I think it's just MMs squeaking the last that they can out of this dog before it goes for yet another R/S.
I've had a sell order in for 700,000 at .0002 that hasn't been filled now for a month. This stock is dead and going nowhere.
Wait a minute. Wait a gd minute here.
As early as my freshman year of high school, I learned that in any persuasive argument, the burden of proof lies on the instigator to prove their point. Did you not learn this, too?
You're asking me to call the CEO, who is under no obligation to be honest with the investors on the phone, to find out if something that was filed with the SEC just over a month ago, 2-10-2006, is false?
It most certainly is not.
When a company files with the SEC, they are doing so because they have an interest in being honest. As MLXO is no longer filing with the SEC, the only conclusion one can come to is that they are not intending to be honest, or believe it is not in their best interest to do so.
Neither one of these cases is good for the average investor.
There are some good things to look forward to from Michelex, but all of them are worthless without this company filing regular quarterly reports with the SEC.
Now here's the real test. And I really, really, would like to see you answer this:
Which is more true: a PR saying MLXO has no debt and $5 million in cash, or an SEC quarterly saying they are $2 million in debt?
If you could answer that, I'd greatly appreciate it.
Please, let me know what phone numbers confirmed it for you so I can confirm it as well. Thanks.
Yes, at today's bid that's $264 or whatever. At the time I bought it, it was around $1000 and they were reporting, I believe I sold 90% of my position when they dropped to the Pink sheets. So you can imagine how upset I am that they are now this low and (it looks like) turning to toxic financing to screw the investors even more.
And "obviously a young Punk"? I'm sorry, perhaps if you had read the entirety of the post in my signature you'd KNOW I'm under 30, and am upset that the 49-54 year old demographic that makes up these forums are losing their retirement on toxic financing scams.
Additionally, I've been investing in sub dollar stocks since 2002. That's four years of experience. I know exactly the type that defend Pink Sheets, and most do it out of frustration that they've also lost a lot of money, so I empathize with that.
I encourage you to look closely at the meat of my argument, and not make up fake or fraudulent phone source to embellish on the reality that is the Pink Sheets. Continue to call the Transfer Agent till he's gagged.
And by all means, if you have a way of confirming that Commander is owned by Cornell, please post a method that we can follow to confirm such as well. Thanks.