Michelex Corp (fka MLXO)

[sawdin]

This is ridiculous, it's like watching the Keystone Cop's trying to run a corporation. It actually would be funny if this was a TV show or play, but it's not so funny if you happen to be a shareholder.

Following is what I've heard second- or third-hand recently. Please advise if I am mistaken:

1) Kakani can not get funding from Michelex (i.e., Saleem) to cover the expense of taking on new contracts.

1A) 90% of the hits on an ITA search are related to Michelex or company search sites. Do they work with any other companies??? (I did see one mention of Young Pharmaceuticals). Do a Google search on 'International Trade Association of America' using a date range prior to the Michelex PR and see what you come up with. Not much.

2) Kakani feels that he might have to go his own separate ways if things do not change.

3) Saleem tells people not to believe Kakani.

4) Lacle is off to Europe to????? Get new contracts? I know that a salesperson does not need to be an expert in regards to what he is selling, but it seems strange that the person who is actually supposed to be running the Pharmaceutical arm of Michelex would not be involved.

5) Lacle will call Kakani who will call Karbo who will then email shareholders.