Replies to post #4325 on Michelex Corp (fka MLXO)

[SRT8]

A PR shows intent....It becomes fact when actually files and the details can be read....SEC filing is final proof that the CEO is good for his word....Some want facts before they move as in the world of pinks PRs quite often are fluff...they want BEEF.

Cutting back on the authorized is a big deal to many investors. More often than not ,they look at the authorized as potential dilution. Ir is my understanding that no shares will be released to the open market to support the need for cash. I have heard that there will be restricted shares and/or collateral loans against property or personal shares...We are dealing with a CEO that is interested in making his company return to its previous levels and is taking the appropriate action to do so....one step at a time.

[mabry]

CONSIDER THIS re: MLXO.....
We are all raising good points and contributing to our due dilligence. SEC filings confirming the reduction in authorized shares certainly cannot hurt. I have read posts about all kinds of great news (new IR firm and their great campaign, acquisitions, etc.) and that is great. But washing our hands of Cornell and all the shady dealings associated with them is very substantial. So I am glad to see the CEO announce that first, establishing legitimacy, crediblility, and a positive future for the company. Bottom line is, the shorts are covering now, they have to! So I'm adding to my position. The CEO's family is tightly holding about 2/3 of the float, leaving only about 20M in circulation. I have spoken to people who account for millions of shares and adding. It's comical watching them try to hold this down. The levy is about to break, and look out above! There is a current valuation of .18 and that doesn't even include forward expectations, which is what drives the market. MLXO is gaining the attention of stock groups now and chartists are giving the green light as well. Best of luck to all.