Some of you new buyers must not know much about the history here eh? Or whats currently going on? Monthly Convertibles says it all? Lots of debt left and no revenue being generated, plant is closed, they've been trying to sell the "Shell Stock Corporation" for a year now and in my opinion they probably can't sell it because of the "Convertible Debentures" which are Court ordered, Cornell Capital has a Judgement against Michelex and can keep dumping until it's paid off, the CEO won't be a Man and explain anything publicly to anyone either, personally I don't think he really cares anymore, Retirement is probably whats on his mind, he owns other businesses not directly connected to MLXO, and he knows he got taken for a ride by the Crooked Toxic Finance Firing Squads, or should I say, "MLXO Got thrown into the SHARK TANK" and eaten Alive by Convertible Debt.
Until someone buys this shell, the only thing going on until the Debt Gets Paid off is to play the Chart, you can see from the history when they get their monthly shares and then it takes a quick bounce when they SELL-OUT for the month. As far as .002 by June? Unless the Shell gets sold before then I seriously doubt it, the float is way too big now, just my opinion. I just don't want to see people get their hopes up too high when this stock has been nothing but a heartbreaker for the past 5 years. They haven't even released a PR for almost 2 years now.
