Michelex Corp (fka MLXO)

[sawdin]

1) Typicaly pinkie move to announce deals before they are finalized. However, most good pinkies will at least update investors as to whether the deal was finalized or fell through. Their remaining silent is not comforting.

2) Am I mistaken, I thought we were 'informed' (via back channels), that financing was being delayed until the audit was finalized. Now we are told that they already have access to a $25M line of credit (I thought it less than that intitially). They have access to $25M yet they cannot afford a $175 phone bill? I'm all for keeping expenses down, so why didn't they at least pay Time Warner $30/month for a phone?

3) They may be very good at what they do, but they are no longer doing it as private citizens, they are now running a public company. I have the sense that they could care less about 'shareholder value'. However, if they want to maximize their market capitalization and their ability to self-finance, they need to maximize share price. In order to do that, they need to be effective at IR. Forcing investors to track you down is not an effective method of IR.