InvestorsHub Logo
Followers 12
Posts 3342
Boards Moderated 0
Alias Born 02/11/2005

Re: Deano361 post# 31683

Thursday, 01/12/2012 8:59:26 AM

Thursday, January 12, 2012 8:59:26 AM

Post# of 35924
Theoretically, they can attempt to dump shares. Practically, not very likely. As mentioned in the original letter that I released, there were, and still are, on-going negotiations regarding the termination of the original agreement that was the means for bringing them into Michelex. Please note that I am not directly involved in those negotiations as I was not party to the original agreement (again, as noted in the letter that was released). IMO, if they dump their shares, it would seem that a negotiated settlement would not be possible and that the only recourse available to Michelex, its shareholders and individuals who were a party to the original agreement would be to commence legal actions against them. I doubt they want to go to court, especially over shares that are basically worthless.

Sincerely,

Dino A. Sawyer
savemichelex@gmail.com

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.