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Re: treepeople post# 693

Wednesday, 05/11/2005 10:37:27 PM

Wednesday, May 11, 2005 10:37:27 PM

Post# of 35921
treepeople; Cornell's method of operation is to first short sell the stock to death and then buy up a controlling interest in that company, thats why they run up, after Cornell has bought a controlling interest in voting rights, this was never intended by the companies that took the Standby Equity loan. It is just the outcome of Cornell's sneaky tactics. The board at MLXO Does not want Cornell to have a controlling interest in their company and thats one reason they put a stop to it and didn't use their funds. These other companies maybe having a nice run now, but long-term, they have Cornell to deal with on major decisions since Cornell now holds a controlling interest. It's like if you went to a bank for a mortgage on your house but you didn't realize that what you signed gave the Bank power to influence any decisions you might want to make on any remodeling you do or additions you might want, what if the bank had a "Controlling Interest" in the decisions on your home? How would you feel about that? Well thats Cornell boiled down in a nutshell, you think your getting financing, but your also getting Cornell involved in your business with a controlling interest that you never planned on, they just bought their way in by shorting you to death first and then loaning you your own money. It's a very shrewd business tactic, it works for Cornell but is not good in the long-term for the companies that get the shaft.

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