Replies to post #11800 on Michelex Corp (fka MLXO)

[Deano361]

Court ordered a/s, never heard of that.

[$b_rich$]

possibly the shell is sold, so most likely deals have been made to take care of the rest of the debt, if it wasn't already.. imo. By looking at this post, this could have helped a great deal as well:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=52788463

[mugs57]

i don't know but maybe the new CEO has worked a better deal. from all the press releases in the past it seemed Mr G. would rather fight than get along and accomplish nothing! if i was cornell and saw a business plan that was promising i be up for a restructure of shares vs trying to get my money back by selling into sub pennies (waste of time). Investo7 you have been following this stock as long as me do you still own shares?

[harr449]

Tom G. sold $0.5M property in 2008.

What happened to that money? Did he pay off debt?