One thing to note concerning the chart for MLXO, the CMF is in very good territory, the STO has dipped below 20, we are hugging the lower Bollinger, between .02-.025 breaks the Longterm Downtrend, the fact that MLXO is on the SHO list again is proof enough for me that this is being manipulated by the Hedges that shorted this, they don't want the Downtrend line broken just yet, they are hoping for Longs to bail, In My Opinion, The MM's are very low on shares, the proof for that is the movement in PPS on such low volume, a 26 Mil float should not be moving like it is on 20-50k volume days unless there is very little shares in the MM's coffer. I think the outstanding short position has yet to be covered, and they are hoping to cover in the subs, thus the reason for the short-fails, the MM's don't seem to have any more shares to loan out for shorting, so the are naked shorting enough to keep it from breaking the Downtrend line. Once the Downtrend is broken, it starts to look Bullish to Investors and thats the last thing Cornell and company wants, Bankofblake said that the Cornell deal is history, BUT IT'S NOT!!! Michelex still owes Cornell somewhere in the neighborhood of $500K, and I don't believe Cornell has covered a Dam Short sold Share yet. If Michelex doesn't pay Cornell soon, they can resort to Converting Shares to cash again. From what I was told, Cornell agreed to stop cashing in on stock to pay for the $1 Mil that Michelex borrowed while Michelex is getting more financing to pay them off, (I think they still owe like $500K), If Michelex doesn't pay them off soon, more Convertible Debentures will be sold. So why would Cornell cover their short position when Michelex still owes $500K??? They have no incentive to cover right now, but they do have a incentive to keep shorting and keep any Bullish indicators from popping up on anyones radar. So since Michelex still owes Cornell $500K, they are still a MAJOR PLAYER here. This is MY OPINION, but I am sure I am at least 90% close to the truth. I am waiting for some Pink Certs right now, as soon as I get them, I am selling them all and buying as much MLXO as I can below .015, if the ask gets there.
