15Mil Assets a JOKE??? I'm not defending the companies actions in the handling of the Cornell Torpedo that has tried to sink Michelex, they definitely could have done a better Job and had more Communication with Investors. But I believe that this is going to turn around, they just "SIGNED" a NEW FINANCING DEAL Thursday!!!!!!! Cornell will be forced to cover, Cornell will not let themselves get burned, they are too smart for that, they may not cover in the subs like they would like, but they will when they see that Michelex is turning around and getting profitable again without them. We are down in the .01's because some longs bailed, like Superjim (450K shares), I think Superjim will be kicking himself in the ass soon for it to, no offense meant Jim, but I made that mistake with DWMA earlier this year after finding out they were being bought out and doing a 1/5 Reverse split. I had bought a shitload @ 1.40 it dropped to the .60's, one day it jumped to 1.10 and I bailed thinking I would cut my loss and take a gift at 1.10, 3 days later that SOB Ran to 1.80's, I'm still pissed, I lost thousands when I could have made thousands if I had 3 more days of patience!!! Lesson Learned in the Patience Dept. I personally think that Michelex is a solid enough company that they should be trading in the dollars on the NAS, I think the forward split that they did last fall was a mistake, just like the Cornell deal was a mistake, when this ran to the 1.50's they should have took a shot at a NAS listing and if they had better advisory people last fall and not done the forward split I think that would have been possible if they had hooked a good financing deal, this company has orders coming out their ears that they are turning down because they need capital for raw materials!!! They have plants in France now that we have heard nothing about yet, wait till they get their ducks in a row, and get this thing firing on all "12" cylinders, a few months from now the single digits may be a dream. We know just by their assets/revs and O/S that their Market-cap is valued in the teens for Gods Sake! When Cornell starts the EXIT ENGINE, MLXO will be all over the message boards, all in my Humble Opinion of course. new2005's comments and a few Margaritas got me going there! HAHAHA LOL.
