Replies to post #7261 on Michelex Corp (fka MLXO)

[samaelrocks]

I like that theory. But consider that when this get's attention and a lot of volume, it won't move that fast after the initial gap as the spread tightens regardless of the amount of OS's. So I believe the movement will be dependent on the news more than what the OS is (you might have seen what XKEM did with 1.5 billion OS last year).

IMO, the seller is doing it right. If they didn't care, they could dump all at once and bring this down to the .01's. If this were big dilution, we'd be seeing a PR blitz, IMO.

[ChemEngineer]

From the SB-2

"In June 2006, the Company entered into a $40,000 secured promissory note with Ayuda Funding Corp. The note incurs interest at the rate of 10% per annum and is due on June 16, 2007. The note can be converted at any time at the option of the holder, into common shares of the Company at the lesser of $.01 per share or 80% of the average closing bid price for the ten days preceding the conversion date."

I'm trying to figure this out too Money, however, I will not jump to conclusions. Doesn't look like it could be Ayuda under those terms....