I doubt it will take that long. In addition, maybe triple zero's is a more reasonable valuation for this stock. If that is the case, so be it. I don't have a problem if the stock price is in the triple zeros, as long as I know why the stock price is in the triple zeros. If I know what is going on (i.e., if I have information) I can decide whether to hold, sell or load up.
I want to reiterate that I was not expecting overnight success for Michelex/Pristine. My problem is not with the share price or the pace of growth, but rather with management's behavior and performance. They have been derelict in their duty to provide timely information to shareholders. Shareholders who, by definition, are co-owners. Their performance, or lack thereof, in regards to keeping existing shareholders and/or prospective shareholders apprised of conditions regarding the company, has been pathetic. At best they are inept, at worse they are typical pinky POShineola hucksters.
If next week they announce fantastic news, that does not mean that they have not been inept. It is their responsibility to keep shareholders informed of conditions surrounding the company whether the news is great or not so great. That is one of the ways that you differentiate your company from the majority of pink, Piece of Bleep companies.That is how trust is built, which is essential in keeping current investors and attracting new investors.
At a minimum,
1) Mgt. should inform the investing public (MLXO is a public company, isn't it?) what their short-, intermediate- and long-range plans/goals are.
2) Mgt.should inform the investing public how they plan to achieve those goals.
3) Mgt. should provide periodic updates regarding the progress that is being made in regards to achieving their stated goals. If things are going great, let us know. If things are not going as planned, it is even more important to let us know and inform us why and what they plan to do about it.
4) Mgt. needs to make sure that there is a process in place that makes it easy for shareholders and potential investors to receive information and for shareholders and potential investors to communicate with the company.
4) Ultimately, mgt. needs to have a transparent company that provides regular financial updates and submission of all appropriate forms to the SEC when due and an un-gagged TA.
