Michelex Corp (fka MLXO)

[VST7]

USC-Trader; The CEO of MLXO seems to be a very upstanding guy, look they have been in business since 1972, I don't think the guy is up to date on alot of the hankypanky BullSh** that goes on with this Toxic Financing crap, When he inked the deal with Cornell it Probably looked like a good deal, but little did he know they are vultures waiting to prey on the unsuspecting which is what Cornell is doing right now. The CEO of MLXO seems like an old school business man, not the scammer types we see so many of today. My opinion is that he realizes now that he hooked up with a crooked source of capital and is now trying to make the best of it by getting out of it. I asked him if he thinks MLXO will recover, but he didn't want to comment on that, he just said it should and he hopes so, he said he hopes to get back to the .20-.30 range but there are no guarantees. One thing for sure, the shorts will have to cover sooner or later and from what I hear Cornell doesn't like to hold positions for long periods of time, I'd say 2-4 weeks at the most and we should see a rebound, hopefully sooner.