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Re: sawdin post# 30040

Thursday, 10/20/2011 4:52:55 PM

Thursday, October 20, 2011 4:52:55 PM

Post# of 35926
SAWDIN; My thoughts on the reason why we see Yorkville AKA/Cornell Capital, still listing Michelex as an active debtor, is that they Must not have been able to Collect the whole debt when they Maxed out the Authorized Number of shares, and they Cannot Force the Company to increase the A/S either. Which would also explain why the company is in dire straights financially without revenue. Without Increasing the A/S, they cannot get any Financing, and if they did increase the A/S, Cornell would be first in line with their Court Judgement in hand. I wonder if there is any way we could find out from the court where Cornell got their Judgement from, if there is a Debt still owing? I don't know if that would be Public Info or not? Normally it's not, but being that MLXO is Publicly traded, it might be Public info through the Freedom of information act?

Anyone know what & where the Court is that Cornell/Yorkville got the Judgement from?

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