See my recent posts. It appears that Michelex has listed the debt associated with AJW in their 'Draft of Final Audit'. However, AJW is not associated with that debt in the Draft Audit. I believe that AJW is the creditor.
Regarding Cornell and Michelex, rumor had it that Cornell drove the stock price down. I don't know if that is true, and if it was true, there could be numerous motives for their doing so. In addition, I do not know if Tom or Michelex ever actually borrowed funds from Cornell.
As I noted in a recent post, I do not believe Michelex' current problems are related to liabilities that existed prior to the RM. IMHO, Michelex' current problems are due to the stewardship, or lack thereof, of the current management team.
