InvestorsHub Logo
Followers 573
Posts 14186
Boards Moderated 0
Alias Born 03/25/2005

Re: None

Wednesday, 04/27/2005 3:57:46 PM

Wednesday, April 27, 2005 3:57:46 PM

Post# of 24326
kgoodrich; Thanks for posting the MLXO Chart, I personally think it's ready to pop, the company inked a Standby Equity Financing deal with Cornell Capital back in nov. as you can see on the chart, Cornell immediately started their short selling pillage, well when the management got wind of this, they decided the did not want Cornell's short sale money so now Cornell is caught in a pickle of sorts (SHORTS) that they are going to have to cover, from what I hear Cornell does not like to hold positions very long and the run the risk of getting screwed if the company comes out with good news and buying pressure results, and Cornell has to cover at much higher prices! I've loaded the boat on this play for sure, waiting for the fuse to be lit. MLXO Had 12 mil in revs last year and has 15 mil in assets, they are worth much more than .03-.04. IMHO. GLTA.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.