I'm sure that no one will be surprised to hear that Michelex' management has not provided any guidance as to the status of the claims that I just posted.
An aside, and JMHO, but transparency is crucial when investing in pinkies. Pinkies that are transparent stand out from the rest of the crowd. Michelex' management has had ample time to provide information regarding share structure, debt, strategic plans, etc. They have not done so. The performance of management has been pathetic and they have wasted a year of valuable time. If management had been doing what they should have been doing over the past year, Michelex could be a company that deserves investors' attention based upon its having a good strategic plan (assuming they have one, of course) coupled with being a transparent company that treats shareholders as partners rather than as a nuisance. Instead, Michelex is company with a great big "CAUTION" signal appearing on its OTC Markets page and a company that is nearing implosion. It didn't have to be this way. I don't believe that it's too late for Michelex to turn this around, but management better change their approach asap.
IMHO, announcing that part of the ITA contract has been fulfilled or shipped won't cut it. Sure, that will be welcome news, but in and of itself, it is almost meaningless given the rumors of internal infighting that has required Kakani to look for financing from sources other than Michelex; lack of a clear vision for Michelex' success and concrete plans that will enable that vision to be realized; secrecy regarding share structure and debt load and the fact that management refuses to communicate with shareholders.
