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Re: elcheepo post# 28394

Thursday, 08/04/2011 8:20:57 AM

Thursday, August 04, 2011 8:20:57 AM

Post# of 35926
cheepo; I'd like to know exactly what evidence you have to support your statement, in the post of yours that I Am replying to, where you say MLXO is A Share Selling Venture? The Authorized and Outstanding Number of Shares has been "MAXED OUT" for the past couple years!!! (Well almost a couple anyways).

Tell us all here, Just Exactly; "HOW MICHELEX CAN BE SELLING SHARES, WHEN THEY CANNOT ISSUE ANY NEW SHARES TO BEGIN WITH"??? Just How are they Managing to do that?

Until the Authorized Number of Shares is INCREASED, MLXO "CANNOT" Issue one Single Share, Because they are Completely Maxed out. Furthermore, the MLXO Authorized & Outstanding Shares were "MAXED OUT BEFORE THIS NEW BOARD TOOK OVER", So Any Shares being sold, were already Issued by the Previous CEO/Board. They may have been Restricted, and the Restriction came off and became Free Trading Shares, but this New CEO/Board, Has not been able to Issue any New Shares since they took over.

So unless you have some NEW INFO, that none of us are aware of? Please stop posting "Misinformation".

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