Michelex Corp (fka MLXO)

[VST7]

bankofblake; One thing you have to understand is the fact that Michelex still owes Cornell Capital somewhere in the neighborhood of $500K on the $1 Mil Michelex borrowed last Oct., I was under the impression that Michelex didn't borrow any funds from Cornell, but they did last fall, Cornell sold approx. half of what Michelex borrowed and according to Tom G. Cornell has agreed to stop selling shares while Michelex acquires new financing to pay Cornell off, so as long as Michelex still owes Cornell $500K, they are still a MAJOR PLAYER here, if Michelex doesn't pay them off, they can go back to Converting and dropping the PPS even more, when the day comes that Michelex pays the Greedy Bastards off and they PR that, we should get one hell of a bounce, because in my opinion Cornell has yet to cover their shorts and they have no incentive to do so until Michelex pays off their debt.