Michelex Corp (fka MLXO)

[sawdin]

From Post# 18168 submitted by Harr last December:

PWT, I asked Kakani what happened to Medico.

He told me that certain investment bankers failed to meet their obligations to finance Medico's operations.

Quote: 9/04/10

"To explain further, Medico was a tremendous success story (a $240,000 investment in 2001 has grown to $6.79 million asset by 2005), until it was majority owned by two investment bankers, ... , who could not deliver on the commitment of supporting the growth of Medico, which was rapidly expanding during 2006 -2008. XXX melted down in the 2008 Wall Street crisis ..."

I did not include the names of the investment bankers.

If they are hoping to partially fund their new venture (i.e., Pristine via Michelex) by selling shares of a publicly traded company, they need to attract investors. Disconnected phone lines and going incommunicado is not the best way to entice investors to part with their cash.