Michelex Corp (fka MLXO)

[VST7]

hurley cruppers; That was their withdrawal from becoming a BDC (Business Developement Company) which they probably were doing on the advice of the same idiot Investment Banker that hooked them up with Cornell, Many Investors shy away from BDC's one reason is they can dilute without notice by selling Unregistered securities, they are exempt from some of the rules that normal BB stocks must follow. For MLXO to withdrawal from the BDC Venture was another lesson learned In My Opinion. Here are a couple links on BDC exemptions.


http://www.sec.gov/answers/regd.htm


http://www.sec.gov/about/forms/regd.pdf