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Re: sawdin post# 30249

Tuesday, 11/01/2011 11:22:30 AM

Tuesday, November 01, 2011 11:22:30 AM

Post# of 35926
In fact, they have been derelict in their duty to provide information regarding the status of company operations, plans, share-structure, etc.

Can they improve? Absolutely, as there's no place to go but up. Will they? Time will tell.

I seriously hope they understand that shareholders and potential investors do NOT want a slick PR campaign, at least we do not want a 'stand-alone' PR campaign. What we want, make that, what we NEED is:

1) Details of the corporate structure and the responsibilities of each organization and each principal executive.

2) Information regarding any outstanding debts.

3) Audited Financials, filed w/ the SEC.

4) Complete breakdown of the share-structure, including restricted shares, warrants, options, etc., along with an un-gagging of the TA.

5) Overview of short-, intermediate- and long-term goals and the plans by which they hope to attain those goals.

6) A phone number that works and a process by which shareholders and potential investors can contact the company and receive timely and accurate responses.

7) Timely filing of all appropriate forms w/ the SEC (e.g., Forms 8-K, 10-Q, 10-K, etc.) and adherence to SEC guidelines (which will make it easier to, hopefully, move from Pink to QX/QB to a listed exchange). Hopefully, this will be part of the goals/plans from #5 above.

When 1-7 are in the works, then we'd love to see an effective PR/Marketing campaign. However, a PR campaign that is not tied to 1 - 7 above is basically a pinky-momentum play. We want Michelex to be much more than just a typical pinky and if management wants to Michelex to be as profitable as possible, they should also want Michelex to be much more than a typical pinky.

JMHO...

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