Excellent News!!! I spoke with Tom G. Today and found out that NIR Group REJECTED THE SB2!!! Now I'm sure you want to know why right? Well it's for a reason you would never guess! HA! Michelex had TOO MANY SHARES REGISTERED ON THE SB2! I'M NOT MAKING THIS UP EITHER, NIR Management told Tom G. That they believe that the Share Price is going to go up once they close on the Financing for AG Pro, and Get Relisted on the OTCBB and that the Amount of Shares that Michelex has registered was way too much, way many more than needed! How often do you hear that??????? I think in the wake of all the SEC Investigations into these Equity Financing deals, and all the Fines handed out to Companies like NIR and Cornell and others, that they saw a Potential for another Investigation from the SEC, so they told Tom G. to cut the amount of Registered shares almost in half! WOW. NIR Believes that the share price will be much higher when they are able to convert, and the fact that TOM G. is about to close with a Major Investment Bank that will pay off NIR Before they are able to Convert any shares anyways. Great news today!!! A PR Should be coming as soon as they close with this Investment Bank.
