realest, To make a long story short, back in March when Michelex made it's first payment to Wells Fargo after the settlement was reached, They were approx. $100k short, they borrowed $175K from a guy and gave the guy 8 Mil "RESTRICTED" SHARES AS COLLATERAL. The only way they become "UNRESTRICTED" is if Michelex Doesn't pay back the loan within 12 Months, well these Jokers went and short sold against the 8 Mil, (verified by DTC Sheets), thinking the company was going to Dilute and they would buy-back Sub-Penny, This is my Guess anyways, well Tom G. has Promised NO DILUTION and NO TOXIC FINANCING, and these guys have to cough up the 8 mil shares very soon here from what I hear. That means they have to cover first and most likely at a loss, and because they are Restricted shares, they are not showing up on the OTCBB Short interest list. And 8 MILLION Shares bought out of this tightly held float? OH MY, Good luck to them, they will have to run this up bigtime to get the 8 Mil shares back. If anyone can explain it better, have at it.
