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Re: alleyoop007 post# 1256

Thursday, 05/26/2005 9:00:22 AM

Thursday, May 26, 2005 9:00:22 AM

Post# of 35924
alleyoop007; Your right except for the part about Cornell having naked shorts, Cornell reserves enough shares with the DTC to short sell the company so they are not naked short sells, they are legit, your right in that we have not seen anything from Michelex to force Cornell to cover, but thats what we are waiting for. The other thing is that Michelex has not used any of the funds from Cornell, they have not drawn off of the SEDA, so Cornell has no right to protect a loan that isn't there, doesn't exist. Cornell is running a risky situation right now IF and I mean IF Michelex gets their shit together and comes out with some very good news and attracts buyers, even though we are now pink, if buyers start coming in Cornell can get screwed. The ball is in Michelex hands right now, hope they get it right this time. Also they have not diluted much at all, a 26 Mil float is nothing for a company with 12 Mil revs and 15 Mil assets.

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