Michelex Corp (fka MLXO)

[bankofblake]

The bottom line is this company is in horrible shape and the new management is probably doing everything they can to salvage it. Partly because it’s a business that someday could return to its potential and more importantly they got their friends and family in this stock and it’s plummeted. They are starting out behind the starting line in regards to debt, reputation and experience and there financing options are limited to none. That being said their is frustration from shareholders and posters because something was promised when we pledged our shares besides them giving it their best effort. That promise was there would be transparency and that lack of communication wall between new management and shareholders would be taken down. Information, updates and forward looking guidance, both good and bad, would be free flowing. That absolutely hasn't happened and that’s a shame because we pledged our shares in good spirits and in trust that new management would follow through on that simple promise. No one said it would be easy or would be a quick fix... but someone (new management) did say we would be in it together and fully aware of where our shares/money stands. I'm a big boy. I can take a little gloom as long as I know you are telling me the truth. The fact that new management does not realize this after they were on this side and made promises to get to the other side... astonishes me. It is borderline ridiculous now.