Michelex Corp (fka MLXO)

[jean1057]

yes I still hold 120k....was in with 400k a few month ago....jumped at around 0.033 when I saw that there was no holding that level...and seemed to have massive dilution...
I was hoping that the dilution would have ended now..but with the new regdex , that is highly unlikely...
The real sad thing about the CEO is that he seemed to have done a real good job with getting rid of debt and the deal with Wells Fargo , the revamping of the production of the plastic business..it really looked good ...BUT unfortunatly he has turned to that Agro Pro sh..... yeah, yeah I know, biofuel..etc..man that is a long goner...that is no bloody secret anymore..it seems that the cost of getting into that business is far too hight for MLXO...in stead of doing such "high profile" stuff they should have concentrated on the plastic business...
The stockprice seems to agree with my opinion...down from 9 cent to 1.2 cents within a year...85%