1) There is a quantum difference between factual, relevant information that should be made available to shareholders and potential investors and 'publicity'/marketing.
2) In regards to disseminating information to shareholders (i.e., being transparent), Michelex has been acting like just another pinky.
3) It is a fallacy that a company has to choose between building a business and being transparent/providing relevant information to shareholders. They are not mutually exclusive. In fact, I would argue that both are needed in order to maximize shareholder value and market capitalization.
I'm not sure how the meme of Michelex devoting all of their resources to growing the business and thus being incapable of providing relevant information started, but I understand why so many bought into it. Following is a gross generalization, but there's at least a kernel of truth in it:
If you allow management to behave like management of a typical pinky, they will be quite happy to oblige you!
Personally, I want and expect Michelex to be different than a typical stinky-pinky and would hope that all non-day-traders would feel the same way and let management know when they are not meeting your expectations. Of course, if they won't communicate with you, that does pose a bit of problem. However, there does appear to be at least some recognition on mgt's part that they have dropped the ball in regards to providing information to shareholders and potential investors. Let's hope that continues, and if it doesn't, let them know.
