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Re: None

Wednesday, 11/02/2011 1:07:22 PM

Wednesday, November 02, 2011 1:07:22 PM

Post# of 35926
Obviously, you do not have to agree with my assessment of what Michelex' management needs to do in order to increase the probability of long-term success and maximization of share price and market capitalization. However, if you are not satisfied with management's performance, let them know. Again, here is my quick take on the actions that management should take*:

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

2) Provide information regarding any outstanding debts.

3) Provide audited financials, filed w/ the SEC.

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

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

6) Have 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) Ensure 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.

* Information should be provided to all shareholders and potential investors via dissemination on the corporate website(s), not just given privately to certain investors.

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