Michelex Corp (fka MLXO)

[VST7]

They are not Unregistered, they are Restricted, it is a grey area that the SEC Turns a blind eye to with most of these big Hedge Funds. Tom G already went to the SEC about Cornell, The only thing I heard Tom had on them was the fact that they owned more than 5% of the Outstanding shares, which in reality is the Transfer Agents fault for issuing them. But now with all the REG-DEX Private Placements Tom has printed the Outstanding share count is most likely well about Cornells 5% mark. What they do is give their 15-20 Million shares to their broker, he holds them and they short the stock accordingly. Heres a couple articles about it, they shorted this between .02-.03 last spring, now they will try and bottom this out to cover their short position that is against the shares they already own, then they will do a pump & dump, pump up the stock to sell their free trading shares, 15-20 MILLION worth. Cornell Capital are total manipulators, they have been investigated by the SEC up and down and in my opinion, someone at the SEC is getting paid off to turn a blind eye. We have been counting on the company to get this massive loan and complete their acquisitions, but so far every attempt has failed. Now we hear of a possible grant from NY State for $3 Mil, they probably have close to that in debt. they owe NIR at least $800K alone. They did owe cornell another $300K I'm not sure whats up with that.


http://www.investopedia.com/terms/s/sellagainstthebox.asp

http://invest-faq.com/articles/trade-short-box.html