Michelex Corp (fka MLXO)

[DDA]

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.: [phone]
Toll Free: 1-800-363-8802