Michelex Corp (fka MLXO)

[VST7]

I spoke with Tom G. again late this afternoon and this what he told me. The main hold-up on filing the 10K is not the company, it's the accounting firm that has has some personnel problems, Michelex is putting some major pressure on them to get it done, he said they are only a few days away from completing it and they are in the process of contacting people from the either SEC or NASDAQ about getting this in without being delisted to the pinks. There maybe a short grace period, he seems to think, but they are doing all they can to get it filed. He said the last thing he needs right now is to go Pink. So I think they are going to be working overtime this week to make sure it happens by the sound of it. I sure hope so. They have 5 more days, just because the Market is closed on the weekend they can still file electronically.