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Re: ROBTRAP post# 12401

Thursday, 08/19/2010 2:39:11 PM

Thursday, August 19, 2010 2:39:11 PM

Post# of 35926
ROBTRAP, The Options you are talking about that were exercised back in 2006, "The 8,900,000 Shares Bought at .02" were sold off between Aug and Dec of 2006, back then many Longs were a bit upset about this because the Former CEO Promised us NO DILUTION, this was back when the O/S was 70-80 MIL, and he had Released a PR Saying he was going to cut the Authorized Shares from 1 BIL Down to 200 MIL, an awful lot of people bought in back then and took the Average Share price to .06-.07, thats what the Average was in July 2006, he also issued a PR That said they would be "Relisted on the OTCBB By Sept. 2006", the PPS was up to .095 at one point in July-Aug 2006, I remember this VERY VERY WELL, Because thats when some of my Family members bought in around the .06-.07 Range and right after they did it went up to .095 Then we watched from the End of Aug to Dec of 2006, the share price fell from the Average of .06-.07 down to the .03 area, the 8.9 MIL in Options they got at .02 they sold off between Aug. and Dec. 2006, I saved all the Time and Sales Prints from back then, we could not figure out where all the "NEW SHARES" Were coming from at the time, that Literally cut many peoples investments in half back then. The Former CEO had this done in his Ex-Wifes name since she had access to the options herself, to make a Long Story short, he never got the Stock Relisted by Sept 06 or any other time, and never dropped the A/S from 1 Bil to 200 MIL, and then sold these 8.9 Mil shares on us after a bunch of Investors Brought the share price up to .06-.095, so you can easily see how much profit they made off those options back then, They Basically took advantage of the Investors that bought in on the News they put out, and then never made good on the promises they had in the PR's! We, (Longs-and shareholders at the time), didn't find out about this until it was all over when he finally issued the 10K and SB-2 in Nov. 2nd and Dec. 4th 2006. This was the start of the Bad Reputation the Former CEO has had ever since then! JUST SO GLAD HES GONE NOW! AND A NEW BOARD AND CEO HAVE TAKEN OVER, I'VE BEEN SAYING IT FOR YEARS NOW, IF MLXO HAD A NEW CEO AND NEW MANAGEMENT, WE WOULD HAVE A FUTURE TO LOOK FORWARD TO.

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