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sawdin

12/02/11 1:49 PM

#30880 RE: Richard2 #30879

I agree. I think there is great potential if we can:

1) Reconstitute Board (i.e., remove Lacle, Saleem and Syed).
2) Require Saleem to take United, Medscan and anything else that is not Pristine with him when he goes.
3) Arrange for new funding. This will require negotiations concerning return of shares, transfer of any funds that actually were brought to Michelex by United/Saleem, transfer of any non-Pristine debt that was acquired in connection w/ Medscan or any other non-Pristine entities that were brought in to Michelex, etc.

First step, make Lacle, Saleem and Syed realize that Michelex is DEAD as long as they are in control and that it is best for them to save their reputations, and use their precious time on more profitable ventures by extricating themselves from Michelex. JMO