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On HSM a guy freaked out and sold his whole position ... for loss of 5K.
Seems to have triggered some selling. We're up again.
MLXO - niccceeeeeeeeeeeeeeeeeeeeeeeee
UDTA yesterday +42 % Today +20 %
O/S ...... 16 million
10 QSB is 2 days out and ... interesting.
1. Results :
As a result of the foregoing, the Company realized a net income of
$562,323, or $0.04 per basic and diluted common share, for the three-month
period ended June 30, 2006, compared to a net loss of ($372,614), or
($0.06) per basic and diluted common share, for the three-month period
ended June 30, 2005. The Company realized a net income of $251,608, or
$0.02 per basic and diluted common share, for the six-month period ended
June 30, 2006, compared to a net loss of ($496,215), or ($0.08) per basic
and diluted common share, for the six-month period ended June 30, 2005.
2. Merger coming ?
In the Spring of 2006 Management determined that the Company was
unlikely to obtain the funding necessary to carry out its plans for
launching new products. Accordingly, in June 2006 we commenced an
initiative whose goal is to (a) acquire a new operating company and (b)
dispose of our current operations. Towards that end we sold a controlling
interest in Ultradata to Warner Technology, subject to a provision that
Warner Technology will lose its shares if Ultradata has not completed a
satisfactory acquisition by the end of 2006. We also transferred our
operating assets to a wholly-owned subsidiary, and entered into an
agreement with members of our Management that charges them with
responsibility for obtaining a buyer for those operations. To date no
transaction of the sort contemplated in the June 2006 activities has been
completed.
Besides that ... some posts from Raging Bull :
***
On August 11, 2006 John Leo resigned from his position as the sole
member of Ultradata's Board of Directors and as its Chief Executive Officer
and Chief Financial Officer. Prior to resigning, Mr. Leo elected Huakang
Zhou to serve on the Board of Directors. Mr. Zhou will also serve as Chief
Executive Officer and Chief Financial Officer.
Since 1993 Huakang Zhou has been employed as chairman of the board of
Warner Technology and Investment Corp. a New Jersey corporation that he
organized in 1993. Warner Technology provides international training and
market consulting services. Warner is licensed by the People's Republic of
China to serve as an official host for Chinese government officials and
business executives in the US. As part of the hosting process Warner also
provides training programs to assist visiting Chinese officials and
business executives with the transition to doing business in the US. These
services include market and product analysis, assistance with product
distribution and distribution agreements, joint ventures, and introductions
to strategic partners.
Mr. Zhou holds a Ph.D. degree in Operations Research that was awarded in
1989 by the Polytechnic University of New York.
****
Other post :
Hopefully this stock will be the next dpfd.
That one went up 10x in about 2 days time,
when a China deal was announced.
James
****
Post on John C Leo :
JOHN C. LEO. Mr. Leo is the founder of American Union Securities, Inc., and has served as its President since 2004. American Union Securities is a full service investment banking firm registered with the Securities and Exchange Commission and the National Association of Securities Dealers. American Union Securities works with both domestic and foreign issuers, with a specific expertise in identifying private companies in China that have the potential to be successful public companies in the United States. From 2001 through 2003, prior to organizing American Union Securities, Mr. Leo was the founder and managing member of Venture Capital Partners, LLC, a private merchant banking and consulting firm. From 1996 through 2001, Mr. Leo was employed as a registered principal and OTC market maker with AM Capital and MH Meyerson. Mr. Leo became a registered representative in 1987 and during his career has focused on raising capital for IPOs and reverse merger transactions. Mr. Leo maintains the following NASD registrations: Series 7, 63, 55 and 24. Mr. Leo also serves on the board of the following public companies:
China Industrial Waste Management, China International Enterprises Inc., DK Investors, and Central American Equities Corp. Mr. Leo is 41 years old.
Mr. Leo is now the sole director of UDTA
Look for a merger with a Chinese Company
IMO due your own due diligence
LOL
Ceo
+15 %
UDTA ... I think a PR is coming on ...
10 QSB.
Is out and ... interesting.
1. Results :
As a result of the foregoing, the Company realized a net income of
$562,323, or $0.04 per basic and diluted common share, for the three-month
period ended June 30, 2006, compared to a net loss of ($372,614), or
($0.06) per basic and diluted common share, for the three-month period
ended June 30, 2005. The Company realized a net income of $251,608, or
$0.02 per basic and diluted common share, for the six-month period ended
June 30, 2006, compared to a net loss of ($496,215), or ($0.08) per basic
and diluted common share, for the six-month period ended June 30, 2005.
2. Merger coming ?
In the Spring of 2006 Management determined that the Company was
unlikely to obtain the funding necessary to carry out its plans for
launching new products. Accordingly, in June 2006 we commenced an
initiative whose goal is to (a) acquire a new operating company and (b)
dispose of our current operations. Towards that end we sold a controlling
interest in Ultradata to Warner Technology, subject to a provision that
Warner Technology will lose its shares if Ultradata has not completed a
satisfactory acquisition by the end of 2006. We also transferred our
operating assets to a wholly-owned subsidiary, and entered into an
agreement with members of our Management that charges them with
responsibility for obtaining a buyer for those operations. To date no
transaction of the sort contemplated in the June 2006 activities has been
completed.
Besides that ... some posts from Raging Bull :
***
On August 11, 2006 John Leo resigned from his position as the sole
member of Ultradata's Board of Directors and as its Chief Executive Officer
and Chief Financial Officer. Prior to resigning, Mr. Leo elected Huakang
Zhou to serve on the Board of Directors. Mr. Zhou will also serve as Chief
Executive Officer and Chief Financial Officer.
Since 1993 Huakang Zhou has been employed as chairman of the board of
Warner Technology and Investment Corp. a New Jersey corporation that he
organized in 1993. Warner Technology provides international training and
market consulting services. Warner is licensed by the People's Republic of
China to serve as an official host for Chinese government officials and
business executives in the US. As part of the hosting process Warner also
provides training programs to assist visiting Chinese officials and
business executives with the transition to doing business in the US. These
services include market and product analysis, assistance with product
distribution and distribution agreements, joint ventures, and introductions
to strategic partners.
Mr. Zhou holds a Ph.D. degree in Operations Research that was awarded in
1989 by the Polytechnic University of New York.
****
Other post :
Hopefully this stock will be the next dpfd.
That one went up 10x in about 2 days time,
when a China deal was announced.
James
****
Post on John C Leo :
JOHN C. LEO. Mr. Leo is the founder of American Union Securities, Inc., and has served as its President since 2004. American Union Securities is a full service investment banking firm registered with the Securities and Exchange Commission and the National Association of Securities Dealers. American Union Securities works with both domestic and foreign issuers, with a specific expertise in identifying private companies in China that have the potential to be successful public companies in the United States. From 2001 through 2003, prior to organizing American Union Securities, Mr. Leo was the founder and managing member of Venture Capital Partners, LLC, a private merchant banking and consulting firm. From 1996 through 2001, Mr. Leo was employed as a registered principal and OTC market maker with AM Capital and MH Meyerson. Mr. Leo became a registered representative in 1987 and during his career has focused on raising capital for IPOs and reverse merger transactions. Mr. Leo maintains the following NASD registrations: Series 7, 63, 55 and 24. Mr. Leo also serves on the board of the following public companies:
China Industrial Waste Management, China International Enterprises Inc., DK Investors, and Central American Equities Corp. Mr. Leo is 41 years old.
Mr. Leo is now the sole director of UDTA
Look for a merger with a Chinese Company
IMO due your own due diligence
LOL
Ceo
Thx looked at it and ...
1. Results :
As a result of the foregoing, the Company realized a net income of
$562,323, or $0.04 per basic and diluted common share, for the three-month
period ended June 30, 2006, compared to a net loss of ($372,614), or
($0.06) per basic and diluted common share, for the three-month period
ended June 30, 2005. The Company realized a net income of $251,608, or
$0.02 per basic and diluted common share, for the six-month period ended
June 30, 2006, compared to a net loss of ($496,215), or ($0.08) per basic
and diluted common share, for the six-month period ended June 30, 2005.
2. Merger coming ?
In the Spring of 2006 Management determined that the Company was
unlikely to obtain the funding necessary to carry out its plans for
launching new products. Accordingly, in June 2006 we commenced an
initiative whose goal is to (a) acquire a new operating company and (b)
dispose of our current operations. Towards that end we sold a controlling
interest in Ultradata to Warner Technology, subject to a provision that
Warner Technology will lose its shares if Ultradata has not completed a
satisfactory acquisition by the end of 2006. We also transferred our
operating assets to a wholly-owned subsidiary, and entered into an
agreement with members of our Management that charges them with
responsibility for obtaining a buyer for those operations. To date no
transaction of the sort contemplated in the June 2006 activities has been
completed.
Besides that ... some posts from Raging Bull :
***
On August 11, 2006 John Leo resigned from his position as the sole
member of Ultradata's Board of Directors and as its Chief Executive Officer
and Chief Financial Officer. Prior to resigning, Mr. Leo elected Huakang
Zhou to serve on the Board of Directors. Mr. Zhou will also serve as Chief
Executive Officer and Chief Financial Officer.
Since 1993 Huakang Zhou has been employed as chairman of the board of
Warner Technology and Investment Corp. a New Jersey corporation that he
organized in 1993. Warner Technology provides international training and
market consulting services. Warner is licensed by the People's Republic of
China to serve as an official host for Chinese government officials and
business executives in the US. As part of the hosting process Warner also
provides training programs to assist visiting Chinese officials and
business executives with the transition to doing business in the US. These
services include market and product analysis, assistance with product
distribution and distribution agreements, joint ventures, and introductions
to strategic partners.
Mr. Zhou holds a Ph.D. degree in Operations Research that was awarded in
1989 by the Polytechnic University of New York.
****
Other post :
Hopefully this stock will be the next dpfd.
That one went up 10x in about 2 days time,
when a China deal was announced.
James
****
Post on John C Leo :
JOHN C. LEO. Mr. Leo is the founder of American Union Securities, Inc., and has served as its President since 2004. American Union Securities is a full service investment banking firm registered with the Securities and Exchange Commission and the National Association of Securities Dealers. American Union Securities works with both domestic and foreign issuers, with a specific expertise in identifying private companies in China that have the potential to be successful public companies in the United States. From 2001 through 2003, prior to organizing American Union Securities, Mr. Leo was the founder and managing member of Venture Capital Partners, LLC, a private merchant banking and consulting firm. From 1996 through 2001, Mr. Leo was employed as a registered principal and OTC market maker with AM Capital and MH Meyerson. Mr. Leo became a registered representative in 1987 and during his career has focused on raising capital for IPOs and reverse merger transactions. Mr. Leo maintains the following NASD registrations: Series 7, 63, 55 and 24. Mr. Leo also serves on the board of the following public companies:
China Industrial Waste Management, China International Enterprises Inc., DK Investors, and Central American Equities Corp. Mr. Leo is 41 years old.
Mr. Leo is now the sole director of UDTA
Look for a merger with a Chinese Company
IMO due your own due diligence
LOL
Ceo
up 42 % on no news ???? What's up ?
UDTA + 42 % on no news
yahooooooo
you'll get them LOL a lot of people want to get out while we want to get in
CSHD - your wish is my command !
GVIS up 16 %
From Raging Bull :
On August 11, 2006 John Leo resigned from his position as the sole
member of Ultradata's Board of Directors and as its Chief Executive Officer
and Chief Financial Officer. Prior to resigning, Mr. Leo elected Huakang
Zhou to serve on the Board of Directors. Mr. Zhou will also serve as Chief
Executive Officer and Chief Financial Officer.
Since 1993 Huakang Zhou has been employed as chairman of the board of
Warner Technology and Investment Corp. a New Jersey corporation that he
organized in 1993. Warner Technology provides international training and
market consulting services. Warner is licensed by the People's Republic of
China to serve as an official host for Chinese government officials and
business executives in the US. As part of the hosting process Warner also
provides training programs to assist visiting Chinese officials and
business executives with the transition to doing business in the US. These
services include market and product analysis, assistance with product
distribution and distribution agreements, joint ventures, and introductions
to strategic partners.
Mr. Zhou holds a Ph.D. degree in Operations Research that was awarded in
1989 by the Polytechnic University of New York.
Other post :
Hopefully this stock will be the next dpfd.
That one went up 10x in about 2 days time,
when a China deal was announced.
James
Post on John C Leo :
JOHN C. LEO. Mr. Leo is the founder of American Union Securities, Inc., and has served as its President since 2004. American Union Securities is a full service investment banking firm registered with the Securities and Exchange Commission and the National Association of Securities Dealers. American Union Securities works with both domestic and foreign issuers, with a specific expertise in identifying private companies in China that have the potential to be successful public companies in the United States. From 2001 through 2003, prior to organizing American Union Securities, Mr. Leo was the founder and managing member of Venture Capital Partners, LLC, a private merchant banking and consulting firm. From 1996 through 2001, Mr. Leo was employed as a registered principal and OTC market maker with AM Capital and MH Meyerson. Mr. Leo became a registered representative in 1987 and during his career has focused on raising capital for IPOs and reverse merger transactions. Mr. Leo maintains the following NASD registrations: Series 7, 63, 55 and 24. Mr. Leo also serves on the board of the following public companies:
China Industrial Waste Management, China International Enterprises Inc., DK Investors, and Central American Equities Corp. Mr. Leo is 41 years old.
Mr. Leo is now the sole director of UDTA
Look for a merger with a Chinese Company
IMO due your own due diligence
LOL
Ceo
GVIS: 0.072 - Bottom Bounce.
O/S: 51 M shares; Float: 29 M shares.
Rev - 0.8 per share
Profit: 0.14 per share.
Growth: 13% per year.
10 Q just out.
http://biz.yahoo.com/e/060815/gvis.ob10-q.html
NOTIFICATION OF LATE FILING
(CHECK ONE)
[ ] FORM 10-K [ ] FORM 20-F [ ] FORM 11-K [X] FORM 10-Q
[ ] FORM N-SAR [ ] FORM N-CSR
FOR THIS PERIOD ENDED: June 30, 2006
OR
[ ] TRANSITION REPORT ON FORM 10-K
[ ] TRANSITION REPORT ON FORM 20-F
[ ] TRANSITION REPORT ON FORM 11-K
[ ] TRANSITION REPORT ON FORM 10-Q
[ ] TRANSITION REPORT ON FORM N-SAR
FOR THE TRANSITION PERIOD ENDED: _________
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the item(s) to which the notification relates:
PART I. REGISTRANT INFORMATION
Full Name of Registrant: Cal-Bay International, Inc.
Address of Principal Executive Offices:
2111 Palomar Airport Road, Suite 101, Carlsbad, CA 92011
PART II. RULES 12B-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check box if appropriate)
[X] (A) The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort or expense;
[X] (B) The subject annual report, semi-annual report, transition report on
Form 10-K, Form 20-F, 11-K, Form N-SAR or Form N-CSR, or portion thereof,
will be filed on or before the fifth calendar day following the
prescribed due date; or the subject quarterly report or transition report on
Form 10-Q or subject distribution report on Form 10-D, or portion thereof
will be filed on or before the fifth calendar day following the prescribed
due date; and
[ ] (C) The accountant's statement or other exhibit required by Rule 12b-25
(c) has been attached if applicable.
PART III. NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K,
10-Q, 10-D, N-SAR, N-CSR, or the transition report portion thereof, could not
be filed within the prescribed time period.
The Registrant is unable to file, without unreasonable effort and expense,
its Form 10-QSB Quarterly Report for the period ended June 30, 2006 because
its unaudited financial statements for that period have not been completed
and as a result, the Registrants auditors have not yet had an opportunity to
complete their review of the unaudited financial statements. It is
anticipated that the Form 10-QSB Quarterly Report, along with the
unaudited financial statements, will be filed on or before the 5th
calendar day following the prescribed due date of the Registrants
Form 10-QSB.
PART IV. OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification:
Roger Pawson (760) 930-0100
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment Company
Act of 1940 during the preceding 12 months or for such shorter period that
the registrant was required to file such report(s) been filed? If the answer
is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be reflected by
the earnings statements to be included in the subject report or portion
thereof?
[ ] Yes [X] No
If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable
estimate of the results cannot be made.
Cal-Bay International, Inc.
(Name of Registrant as Specified in Its Charter)
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
By: /S/ Roger Pawson
_________________
Roger Pawson
CEO & Chief Financial Officer
Date: August 14, 2006
Copyright © 2006 QuoteMedia. All rights reserved. Terms of Use.
Market Data powered by QuoteMedia, www.quotemedia.com, SEC filings by 10kWizard.
Afternoon in Europe ... Still ....
GOOOOOOOOOOOOOOOOOODDDMMOOOOORNIING
Run to the hills ... Run from Casavnat lieeeesssssss
PFNC ... monster volume today
???
They have no competition LOL
Jupiler,
Are u Belgian ? (As in Jupiler the Belgian beer ?)
PFNC ... did u see the two 1 640 000 blocks go through this morning ... That's over 1 million
PFNC .... I'm fully loaded
I'm always thinking ahead - so I'm already in the $1 period
pfnc - got the full load - want some ?
pfnc - me not selling - want to watch them in my account
she's moving
pfnc - still holding - has to move some day
yep - type next to
'ISIN/WKN oder Name
des Wertpapiers:'
cal-bay
You'll get
'CAL-BAY INTERNATIONAL INC. REGISTERED SHARES NEW DL -,001
US12802P2083 / A0HM00'
Only limited trading.
Let me know if it doesn't work
Shakerzzzzz, NEED U ! - CBAY
Calbay was/is on the
http://www.berlinerboerse.de/
In your opinion : Would the below mean that naughty MM's have to sjeit their ... ?
Cal-Bay International Accelerates Foreign Delisting Program
The Board of Directors of Cal-Bay International, Inc. (OTCBB:CBAY) today announced the company's intent to accelerate the delisting of Cal-Bay Securities offerings on Foreign Exchanges.
Cal-Bay International today announced its intention to accelerate file applications for revocation of its securities listings and admissions to all foreign exchanges. The removal is expected to be finalized as soon as possible, upon completion of the process for each exchange.
Cal-Bay has made this decision on the basis that for some time there has not been a significant institutional shareholder base in the European marketplace.
Roger Pawson further commented, "We feel there is a virtually unlimited opportunity for expansion in North America, and we intend to increase market share and awareness on a regular basis. As a Company we have grown substantially in the last year and a half and have significantly increased our assets, equity and corporate awareness."
After the effective date of the delisting it will no longer be possible to trade Cal-Bay stock on International Stock Exchanges. However, ordinary shares will continue to be listed on the OTC Bulletin Board (OTCBB:CBAY).
wodehouse, you made me thinking -
guess what :
http://www.berlinerboerse.de/
type in call-bay
Like the PR. Shorts are gonna have to cover IMO
I don't read it as bad. The European stockexchanges are mostly used in untransparant set ups. Getting to one exchange seems the right thing to do.
I think the MMs are accumulating. Just my opinion. Last time it went up it did similar stuff.
Cal-Bay International Accelerates Foreign Delisting Program
The Board of Directors of Cal-Bay International, Inc. (OTCBB:CBAY) today announced the company's intent to accelerate the delisting of Cal-Bay Securities offerings on Foreign Exchanges.
Cal-Bay International today announced its intention to accelerate file applications for revocation of its securities listings and admissions to all foreign exchanges. The removal is expected to be finalized as soon as possible, upon completion of the process for each exchange.
Cal-Bay has made this decision on the basis that for some time there has not been a significant institutional shareholder base in the European marketplace.
Roger Pawson further commented, "We feel there is a virtually unlimited opportunity for expansion in North America, and we intend to increase market share and awareness on a regular basis. As a Company we have grown substantially in the last year and a half and have significantly increased our assets, equity and corporate awareness."
After the effective date of the delisting it will no longer be possible to trade Cal-Bay stock on International Stock Exchanges. However, ordinary shares will continue to be listed on the OTC Bulletin Board (OTCBB:CBAY).
CALBAYINTERNATIONAL.com
volume is not abnormal - look at the chart above - we had days of millions ...
MLXO might go up
Michelex Corp. Meets Deadline -- Completes Refinancing
via COMTEX
August 7, 2006
MASSENA, N.Y., Aug 7, 2006 (PRIMEZONE via COMTEX News Network) --
Michelex Corp. (Pink Sheets:MLXO):
"Michelex" (or the "Company") a plastic manufacturing company and an audio record production group announced that it has completed the second and final part of refinancing to eliminate its obligation with Wells Fargo. The Company, through a deal signed with Utica Leaseco, LLC and Ihop Leasing, LLC d/b/a Omega Leasing, LLC, has paid $1,150,000.00 to Wells Fargo. Wells Fargo has agreed to give the Company until December 24, 2006 to pay the remaining $250,000.00 thus resulting in a total savings to the Company of $703,519.67.
The Company also announced that it completed a financing with the NIR Group, LLC, that will provide the company with $1,200,000.00 in additional working capital over the next 120 days. The Company has already received the initial $400,000.00 in funding. This, together with the money from Wells Fargo, will help to ensure the Company's return to its place as a major US supplier in the optical media packaging industry.
Mr. Gramuglia, President and CEO of Michelex Corp. stated that "I would like to thank all the long term shareholders, customers and employees of the Company for their continuous support during this refinancing period."
The Company is in process of working to complete their audited financials by mid-September and the filings of the 2QSB's, the 10KSB and the SB-2's will all be filed simultaneously to get it re-listed on the OTCBB.
The Company reported that production in New York was running smoothly and sales are steadily increasing. It is still in negotiations with Sagoma Plastics with regard to the potential merger of the two companies.
About Michelex
Michelex Plastics -- Founded in 1972, is a manufacturer/importer and distributor of C-Zero's, Cshells, Norelco Boxes, Jewel Boxes, DVD Boxes and other related specialty plastic products. The company has manufacturing facilities and distribution points in New York and Salt Lake City. The company employs people who are committed to the customers and to the operations of the business. Michelex offers a full range of products through its divisions to make it a one-stop shop for its customers.
Michele Audio -- Audio duplication services and an exclusive rights holder of a large catalog of music and spoken word recordings.
Michelex Media Products -- Producer, supplier and distributor of paper multimedia packaging products, also offering complete fulfillment services to its customers.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
This news release was distributed by PrimeZone, www.primezone.com
SOURCE: Michelex Corporation
Michelex Corp. Thomas Gramuglia 315-769-6616
(C) 2006 PRIMEZONE, All rights reserved.
I hope this week she'll run, like she never ran before ...
Just to keep the faith :
http://stockcharts.com/h-sc/ui?s=MLXO&p=D&yr=2&mn=0&dy=0&id=p18364610341
If we break 0.1, she'll go up quit rapidly.
We're awaiting news on :
- Wells Fargo
- Production
- return to OTCBB
- rumored surprise PR (even without it ...)
From HSM :
Let's not Forget that their are deals in the works right now also, A Merger with Sagoma Plastics, Michelex's only US Competitor!!! If the two companies Merge, look how HUGE that will be? And the Rumors flying around about other things? I know from Talking with Tom G. that he is Sick and tired of this Manipulative Penny Market, and as far as getting relisted on the OTCBB, that is only a stepping stone, I think Tom wants off the OTCBB just as fast as possible too and get listed on the AMEX or something where things like Naked Short-Selling, and this Manipulation so common on the OTCBB, is watched much more closely on the bigger boards like the AMEX, Michelex is a High enough Caliber Company to get on the AMEX, especially with a Merger with it's only competitor and some Bigtime Heavy Hitters Investing in this Diamond in the Ruff. When things like these begin to happen, forget the chart and the technicals! Throw them out the window because Mergers and big Investments change everything, I know from Talking with Tom that he has surrounded himself with some serious Professionals in the Market with the Full Intention of Getting Michelex up above all this Penny Market Manipaulation and in a place where they can Operate in Full Production and be a VERY Profitable company with the Stock trading at it's Fair Market value without having to worry about some offshore Hedgefund trying to drive the Share Price into the ground because it's trading on the Pink or OTCBB where this Manipulation runs Rampant. Remember, This company began in 1972 and has had 28 YEARS OF PROFIT!!! BEFORE BEING BROUGHT TO IT'S KNEES AND CLOSE TO BANKRUPTCY ALL BECAUSE OF TOXIC FINANCING FROM WELLS FARGO AND CORNELL CAPITAL!!! Now the Toxic SOB's are gone, and Michelex WILL RISE BACK TO WHERE IT SHOULD BE AND EVEN BIGGER THAN BEFORE WITH SOME HARD LEARNED LESSONS UNDER IT'S BELT. MLXO WILL BE TRADING IN THE $$$DOLLARS BEFORE YOU KNOW IT, I'D BET MY HOUSE ON IT.
Other info from HSM :
Recent PR's :
• Michelex Corp. Takes Delivery of Equipment/Restarts Production
PrimeZone Media Network (Wed, Jul 26)
essentially: gets new machines for jewel cases that will add 300K monthly revenue or 3.6M annually, has hired back workers, restarted production, and added a 3rd shift to meet demand (24 hr a day production!)
• Michelex Corp. Continues to Make Progress
PrimeZone Media Network (Fri, May 12)
essentially: Wells Fargo must be paid off before Aug 31, but MLXO expects to do this much earlier ( confirmed they are paid off and this is the news we expect monday), CEO Tom G says "share price undervalued, we will be going back to OTCBB as soon as audited financials are completed"
• Michelex Corp. Announces Termination of Convertible Debenture with the Commander Fund
PrimeZone Media Network (Wed, Apr 19)
essentially: MLXO is done with Cornell BS, and share reduction filed soon after
• Michelex Corp. Announces It Has Reached a Settlement With Wells Fargo
PrimeZone Media Network (Wed, Apr 12)
essentially: settlement reached on the amount owing, resulting in a net gain for MLXO of about 600K compared to original amount, Tom G says that paying off Wells is necessary for company to return to "pre - 2004" levels (this means big revs, and pps that at one time was in the $1.50 range!! )
• Michelex Corp. Announces Recent Events and Occurrences
PrimeZone Media Network (Wed, Mar 15)
essentially: the plan to pay off Wells is announced, Tom G says the payment would "allow revenue to return to pre - 2004 levels" , announcement that sales for 2007 expected to grow to 21M, or 30M + if merger with Sagoma plastics takes place, Sagoma plastics merger possiblity is announced, both CEO's says this is probably a good idea, MLXO has hired a firm to help in auditing etc to get them back on the OTCBB
Most Recent Share Structure (no dilution whatsoever has been done since this or will be done in the future)
Share Structure Per Transfer Agent 03-16-2006
Authorized:.. 100,000,000
Outstanding: 84,543,537
Restricted:... 57,170,120
Float:........... 27,373,417
Short Situation: There is believed to be an 8M Short position due to restricted shares illegally being sold into the float. The brokers responsible must purchase these back on the open market. These will not show up as a short position on the numbers presented by websites that list this kind of info as they are not short sales in the traditional sense, but the effect will be the same when they are to be repurchased. (Money please clarify this for me if you get a chance!)
Company Phone Numbers;
Massena, New York: 315-769-6616 and/or 2448 Thomas Gramuglia President Ext. 413
Salt Lake City, Utah: 801-596-0166
Michelex Audio:........ 315 769-2448
Michelex Trimark Canada, Inc.
info*michelextrimark.com
Tel.: (514) 343-9389
Toll Free: 1-800-363-8802
Is it BSD or LSD ..............LOL