Michelex Corp (fka MLXO)

[VST7]

purlieu; Heres the article I found on MOBL, although it doesn't say whether MOBL broke it off with Cornell or not it does say this;

"MobilePro's signing of four letters of intent to acquire ISP's may provide the company enough cash flow to survive, but investors shouldn't look for immediate results if the company continues drawing down capital from its SEDA with Cornell. The 2003 financing left investors in a lurch as share prices declined. When MobilePro no longer faced market pressure following its $10 million SEDA, its share price climbed. Wright's comments in Friday's announcement about "better terms" may be a lesson learned or it could be another short play waiting to happen. Time will tell which way this micro cap stock will go."

Now at the time of this article MOBL had "NO REVENUE" and one look at their chart and you can see evidence of Cornell in action, sure Cornell might now own 10% of the company but I guarantee they acquired that 10% much much cheaper than MOBL planned on, thats how Cornell works when they lend, first they short the daylights out of the company and loan the company it's own money and then buys a controlling interest in the company dirt cheap. Now MLXO has been in business since 1972 with 12 mil in revs last year, and 15 mil in assets, we should be trading alot higher than MOBL and they are in the teens right now, down from the .20's when that article was written. The CEO of MLXO is not going to let Cornell do that to his company from what I gather.

http://www.axcessnews.com/microcap_051404.shtml