Michelex Corp (fka MLXO)

[sawdin]

I don't think it hits .03 and stays around that level until they get a few decent contracts and prove that they can deliver product on time and clear up the rumors regarding Saleem not allowing funding to flow to Kakani/PPC. It very well may run to .03 with news of new contracts, but that will just be momentum driven and temporary. Of course, JMO.

PS..Of course, at this juncture, I'm sure many people would love the opportunity to get out at .03 or at least substantially reduce their holdings. Michelex is a mess right and its future very cloudy due to a dysfunctional management team. Not saying that they can't turn it around, just that right now it's a mess.