If you notice from the SEC Filings the company was going to become a BDC back in Nov. but then retracted. A BDC is a Business Development Company, A BDC can issue shares without filing certain forms, I think the CEO found out that this was a bad road to take because many smart investors steer away from BDC's because of the Dilution that can occur without notice so he decided not to go down that road, it shows me that this CEO is NOT a crook and wants to make MLXO a success.
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