Replies to post #374 on Michelex Corp (fka MLXO)

[VST7]

sawdin; I know from talking to Tom Gramuglia that this is a family owned and operated business, their family owns most of the resricted stock, so what their reason for bouncing assets around to different family members and Gramuglias wife being the President instead of Tom I would assume that most of it is for Tax write-off purposes, I am just speculating though.

[sawdin]

Found my own answer here:
http://biz.yahoo.com/bw/050309/95318_1.html


"Gramuglia sold Hindsight in December 2004, and approximately one week later, Michelex completed its acquisition of Hindsight on December 30, 2004."