Replies to post #6820 on Michelex Corp (fka MLXO)

[SRT8]

Investo....
"they told Tom G. to cut the amount of Registered shares almost in half! WOW. NIR Believes that the share price will be much higher when they are able to convert"
....so why is NIR suggesting fewer shares with the advent of much higher price.....you would think that regardless of the Issue PPS share calculation[todays PPS or that in the future]....I would guess that they would want as many shares as possible...there must be some terms in the SB2 that may clarify the action.

[wzebra33]

From the i-box

Share Structure Per Transfer Agent 03-16-2006
Authorized:.. 100,000,000
Outstanding: 84,543,537
Restricted:... 56,170,120
Float:........... 28,373,417


So to reduce the restricted by 50% you do what?

Increase the float by 28 million ?

Or RS 1 for 2 ?

Or retire half the restricted shares ?

Or ??? Hey i`m lost on this info could you explain what will happen?

[hurley cruppers]

Wow, WOW WOW. and we need some 15c211 news and A/S adjustment news

I think this December Month will be very positive for MLXO.

We will blow through the tens.

:)))

[hurley cruppers]

Investo, it's about time that NIR stops causing damage, I know twice this year they crashed the pps to try to dictate shares

Should I post a chart and show the NIR's power?

There is no doubt in my mind that MLXO has a bit more in the hopper than .03

Let's get NIR to start on the flip side, .30 plus, conservatively

Actually, I would like to see NIR taken out. mm SBSH was nir, in my eyes. and those bastages have been conrolling the pps for weeks.

[hurley cruppers]

"A PR Should be coming as soon as they close with this Investment Bank. "

I welcome this.

I too want to see pr on some bio diesel machines on order.

[zagdad]

Guys, I'm confused by the wording - help, you all sound positive so it must be good...so are you suggesting that the word "register shares" is the same to Tom, them, you...as the Authorized? I don't think that an authorized share is registered just because its in that pile is it? GThey can move that number up and down just by waving the board wand and as a pink wouldn't evne have to ask us I don't think...I must be missing something.

and one more question...hey its Sunday night, sorry!...why/what is the NIR group doing with the filing? Can you point me anywhere please. Others may ask also.

Thanks mucho,

zagdad

[negger0]

That is great news investo. Knowing that less shares will be needed, a reduction in the authorized should be soon to come so i would suspect.

[Ricky-D]

DO YOU THINK WE WILL HAVE SOME NEWS THIS WEEK ?????
TIA