Michelex Corp (fka MLXO)

[sawdin]

1) I assume that Medico had a 'relationship' w/ Infinity, thus who knows how much is true and how much is PR fluff.

2) Is Infinity the organization that did not come through w/ additional financing?

3) If the information in the release is basically accurate, I'm surprised that Medico was not able to find another source of finance, AND I'm surprised that they were not able to either maintain their existing contracts or downsize and remain in business.

4) What reason(s) were you given by Kakani for the need to file for bankruptcy?

5) Any ideas what could be the problem(s) w/ Michelex? Might it have to do w/ debt held by AJW/NIR and Cornell Capital/YA Global investments? Debts are still listed w/ the State of Utah, where Michelex is incorporated.

Utah UCC

6) Given what we know, and don't know, it is obvious that MLXO has 'issues', to put it mildly.

7) If the price goes back into the triple zeros, it would be nice if Michelex bought shares and held them to be retired at a future date to coincide w/ a PR campaign. Obviously, that is a long time off and probably a moot point if Michelex (e.g., Gramuglia and/or groups like NIR/Cornell) is holding things up looking for a payoff.