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Re: alleyoop007 post# 2451

Tuesday, 10/11/2005 10:46:25 PM

Tuesday, October 11, 2005 10:46:25 PM

Post# of 35924
alleyoop007; One thing I do know is this, I had a Conversation with the Cornell Banker who was overseeing the Michelex Deal last spring, I would have to dig up my phone records to give you an exact date, but this, in short, is what he told me. We talked about several things, but when we came to the subject of "Short-Selling" and in my own words "The seemingly Rather LARGE Short Position currently on MLXO" that many of us shareholders believe to be Cornell's Short-Position, this guy went BALLISTIC on me! What started out as a Cordial Conversation suddenly turned very sour and this guy was ALMOST Cussing at me! He said quote "Cornell Does NOT engage in that sort of Practice" and "It would be ILLEGAL for Cornell to Short-Sell their own Client" he said many other things and basically Bitched me out for even SUGGESTING that Cornell had Short-Sold Michelex. I knew right then that I had PRESSED THE RIGHT BUTTON! For a Millionaire Banker to get that upset over the mere mention of a Short Position put on Michelex by Cornell Capital, told me everything. Now in reality I doubt very seriously that the Cornell Capital entity did the Short-Selling, but from what I've been told, they are in close relationship with another Hedge Fund or two, who actually do the Short-Selling, that way Cornell is clear of any Hanky Panky and can Honestly say "We haven't Short-Sold our client" they just don't tell you "But yeah our Buddy did it for us", referring to Another Hedge Fund. I Truly believe that Friday we saw alot of Shorts getting covered, I see no other explanation that would make any sense.

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