Michelex Corp (fka MLXO)

[sawdin]

There has been some recent posting noting that Michelex is not transparent, that its action seem consistent with the action of a company that really is a 'Stinky - Pinky' and that disconnected phones are not a good thing. Some seem to think that it doesn't matter because Michelex is an OTC Pink Sheet stock.

I assume that all of you know that the pool of potential investors for an OTCBB stock is much smaller than the potential pool of investors for NYSE/AMEX securities. The pool of potential investors for OTC Pink stocks is much less than for OTCBB listed companies.

As you know, less demand for a good (e.g., shares of a company's stock) means a lower price.

I was shocked to discover the following information on the OTC Markets websites:
OTC Disclosure & News Service

96.5% of OTC dollar volume takes place in securities with current information available.

and

Less than 1% of total OTC dollar volume takes place in securities categorized as OTC Pink No Information.

Quite honestly, I had no idea that the dregs of the OTC Pink Sheet stocks were so thinly traded, even as a percentage of the volume on the OTC Market. So, for those of you who are just interested in a run generated by a PR, whether real or bogus, imagine what the run might look like if Michelex wasn't labeled as such:



And for those who are not into flipping and day-trading, imagine what Michelex might be worth if it actually had some assets and was transparent.