SAWDIN; I cannot think of any other reason as to why Cornell/Yorkville would still have an active outstanding debt owed from Michelex listed with the State of Utah? Since the A/S is maxed out, if Cornell was not able to get their all the money they say Michelex owes them from the Convertibles, then they would Legally still have an active outstanding debt. And I don't believe they can Force the Company to increase the A/S?
Ya know, My Opinion has always been, ever since I first got involved with Michelex back in Feb. 2005, was that if the SEC Really did their Job, and busted Cornell for the Rape and Pillage of these Small/Micor-Cap Companies that they have Plundered and Ran out of Business from their Illegal Short-Selling and Toxic Financing, Michelex would not owe them a Dime, and Michelex would be able to Sue them in Federal Court and recover Money that Cornell Stole from them by Short-selling their own clients and Lending their own clients their own Money that cornell got from Short sales.
Maybe someday we will get the right people in Congress to do a Congressional Investigation into this Toxic Financing and short selling practices and bring some justice to Wall Street instead of letting these Sharks get away with this Highway Robbery!
