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Re: dinotori post# 29391

Thursday, 09/15/2011 10:14:32 AM

Thursday, September 15, 2011 10:14:32 AM

Post# of 35926
I appreciate your efforts to get information and share it with fellow investors. However, Michelex needs to share information with all of its investors in a professional manner. If they want don't want to be considered as just another pinky, they need to stop acting like just another pinky. Disseminating information via 'back-channels' does not engender confidence. Investors want to receive information via press release, conference call, direct phone/email contact with the company, etc., not via a shareholder who is a 'conduit' to management.

Also, some of us are not 'clamoring' for them to provide information. We would just like to see them be professional in their IR functions. As an example, if there isn't any news, just say so. If they don't know when financials will be completed, just say so. But don't go incommunicado and force investors to track you down.

Finally, on a personal level, acting as a conduit is a tricky business. Everyone loves you when you provide them with information, especially useful information, but they will turn on you if the information you provide turns out to be inaccurate. Best to always say, 'this is what I was told, but I have no way to verify whether this is accurate'.

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