MLXO was dead...Tom wanted to make money and he figured the best way to do that was to have someone else take over and run up the share price. My guess is that Tom G. still has plenty of shares.
mugs57, Conflicting information on timing of Saleem as CEO.
Dec 20, 2010 "Michelex Corporation CEO Mr. Albert Lacle' has announced plans to open a pharmaceutical production facility on County Route 42 in Massena, NY".
Item 5.02 . Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers. On November 30, 2010, Darshan Shah, the Company’s Chairman and director resigned from the Company. Sabir Saleem was named as Director, CEO and Chairman. Additionally, Venkat Kakani was also named as a Director of the Company. The Company’s new board of directors consists of Albert Lacle’, Midhat H. Syed, Esq., Venkat Kakani and Sabir Saleem. The Company’s new officers are Albert Lacle’ as President, Midhat H. Syed, Esq. as Secretary, Venkat Kakani as Treasurer and Sabir Saleem as Chairman and CEO. http://michelex.com/html/index.aspx?p32sda=news&psdge87d=204&tl97abi=42&nsd=22