Michelex Corp (fka MLXO)

[elcheepo]

Sawdin, you are a straight up guy, but I truly think that you are fighting a losing battle. There is nothing you or anyone can do without SEC intervention..... and this isn't what you want.

Pink Sheets is not a stock exchange. To be quoted via Pink Sheets, companies do not need to fulfill any requirements (e.g. filing financial statements with the SEC). With the exception of foreign issuers, mostly represented by ADRs, the companies quoted in the Pink Sheets tend to be closely held, extremely small, thinly traded, or bankrupt. Most do not meet the minimum U.S. listing requirements for trading on a stock exchange such as the New York Stock Exchange. Many of these companies do not file periodic reports or audited financial statements with the SEC, making it very difficult for investors to find reliable, unbiased information about those companies.

For these reasons the SEC views companies listed on Pink Sheets as "among the most risky investments"[1] and advises potential investors to heavily research the companies in which they plan to invest.