I just called the Michelex office and they WOULD NOT CONFIRM ANYTHING? I spoke with Tom for a couple minutes, he was in a Pretty Bad Mood, LOL, Seems like he is now BLAMING SHAREHOLDERS AS THE REASON HE LOST HIS AZZ! I know you read this board Tom, and I hope you read this REAL GOOD, YOU HAVE NOBODY TO BLAME BUT YOURSELF FOR THE POOR DECISIONS YOU'VE MADE OVER THE PAST 4-5 YEARS, AS WELL AS LYING TO SHAREHOLDERS "BIGTIME"! THERE A SEVERAL DOZEN SHAREHOLDERS WHO BELIEVED YOUR LIES 4-5 YEARS AGO, INVESTED A SMALL FORTUNE, AND LOST IT, WHILE YOU BROUGHT THIS COMPANY DOWN TO THE MICRO-PENNIES, AND DOZENS AND DOZENS OF PEOPLE LOST THEIR EQUITY. SOME LOST ENOUGH TO RETIRE ON. IF THIS NEWS IS TRUE THAT TOM GRAMUGLIA HAS RESIGNED AS CEO, IN MY OPINION, THIS IS THE BEST NEWS WE HAVE HAD IN THE LAST 5 YEARS!!! I KNOW MANY MANY PEOPLE THAT WOULD LOVE TO SEE YOU ARRESTED BY THE SEC FOR FRAUD, FOR ALL THE PUBLIC PROMISES YOU MADE ON THE NEWWIRES, AND DID NOT KEEP ONE SINGLE PROMISE, WHILE DOZENS OF GOOD AVERAGE HARD WORKING AMRICANS LOST A SMALL FORTUNE!
There, I said it, I got it off my Chest. If MLXO Has a New CEO, Well, I've been waiting to say what I just wrote for a Long Dam Time. I Am NOT Running Tom Gramuglia into the Ground, I'm TELLING THE TRUTH, TELLING IT LIKE IT IS! IF THE TRUTH HURTS? SO BE IT, IF THE SHOE FITS? WEAR IT! Tom Gramuglia IS A NICE GUY, BUT HE IS A TERRIBLE CEO, AND HIS TRACK RECORD IN MLXO SINCE 2005 HAS BEEN HORRIFIC, AND I COULD LIST CLOSE TO 100 PEOPLE WHO WOULD AGREE WITH ME 110%, Most of them are not here anymore, they took their Tax Losses, (What good that was for them if at all) and had to Leave. I know there are New Investors here that sit back in "HINDSIGHT" and say things like; "Well why didn't they AVERAGE DOWN"? Well Hey, Don't Forget about the 2008 Market Crash, and the Real Estate Bubble that Burst, and Many Many People lost their Homes, Jobs, and alot more. Many People did Average Down Some, But the STOCK JUST KEPT ON GOING DOWN AND DOWN, ALL THE WAY DOWN TO .0002!!! And Many People kept Holding Thru it, all the Way From .06-.09 to .0002!!! Well it's Hard to Keep Averaging Down when PEOPLE ARE NOT ABLE TO!!! My Family Members and Friends HAVE BEEN HOLDING MLXO SINCE 2006 WHEN IT WAS .06-.08! OVER 4 YEARS NOW! I have been in MLXO Since March 2005 and after More Than 5 Years, I can Finally Say, That if This Company has a New CEO, and he is as Reputable as he seems to be, and this News is True, Then We Finally Have something to look Forward to! My Family and Friends are way in the Red in this Stock, I myself Have made a Bundle off it, But that was Long Before My Family and Friends Bought in, I have been working on their Positions here, Flipping shares and bringing their Averages Down, but they still have a ways to go to just Break Even. I wrote all this so any New Investors in MLXO that are Reading This Thread and are thinking about Holding on to this one have a Little Better Perspective on the Last 4-5 Years of Broken Promises and "Unrealistic Pipe Dreams" and the HUGE LOSSES A Great Many Good People Realized from this Company and it's Former CEO, (I Hope FORMER CEO). Hopefully with a New REPUTABLE CEO and a Real Viable Business plan for the Future, MLXO may one day be back in the Single Digit Pennies at the very Least. GLTA!
