Michelex Corp (fka MLXO)

[VST7]

One thing is for sure, there is an SB-2 Filed on Dec. 4th, 2006 that is a Convertible Debenture deal between MLXO and NIR, we were told that NIR would not get any shares because Tom was going to pay them off with his big financing deal, we all know he never got the financing. This IS NOT BEING NEGATIVE FOLKS! These are the facts, Tom G CEO of MLXO Never paid NIR off or he would of had to PR that by law, so the only option for NIR to get their cash back is NEW SHARES! Don't some of you people even know how this Toxic Financing works? Some of you seem to be dumber than a rock, I'm not being negative, sure it sucks and it's not good news BUT IT'S THE TRUTH REGARDLESS AND HITTING .0008 TODAY WE BETTER FACE THE TRUTH SOONER OR LATER! The SB-2 says MLXO borrowed $1.2 MIL and it's going to take a hell of alot of shares to pay that off at these prices.

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=4803569