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Re: harr449 post# 12323

Wednesday, 08/18/2010 3:10:03 PM

Wednesday, August 18, 2010 3:10:03 PM

Post# of 35926
Michelex had a second Plant in Salt Lake City, they sold it back in 2006 I believe but got a year Free Rent from the new owners, if my memory serves me right, thats something like how the deal went. But they never got the Plastics Manufacturing back up and running anywheres near what is used to be, I heard from a former Employee, (not going to say who), but I heard that they had lost alot of their former Clients during the time they were closed down, (I bet they lost alot of them to companies in China), but Tom could not get enough Revs coming in, enough Clients and orders to reopen the second plant in Salt Lake, and eventually had to shut down the Massena NY PLant due to lack of Business, (Revs/sales). After being closed it went downhill bigtime, then he tried to get into Biofuel and NON-Trans Fat oil, by buying a Soybean Processing Plant right next door to them, couldn't get financing, had opportunities but didn't jump on them, He had some Opportunities I'll tell you about in an email, that he had, that would have took the share price up beyond .10 to maybe .15-.20, people that I brought to him that were ready to Invest, but he never kept his promises and do what he said, so they said screw him and never got involved. I'll email you about it later today.

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