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Replies to post #31570 on Michelex Corp (fka MLXO)

Replies to #31570 on Michelex Corp (fka MLXO)
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Deano361

01/04/12 7:08 PM

#31571 RE: harr449 #31570

Yep, shouldn't be the case now if all counts are now accurate.
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MABMAN8

01/04/12 7:41 PM

#31572 RE: harr449 #31570

I think we're in good shape on this one. Colonial has verified the number of authorized shares at 1B. There is an open line of communication established, so I'm confident we'd be tipped off in the event of an attempt to increase the share count.
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getmoreshares

01/04/12 10:29 PM

#31576 RE: harr449 #31570

Did MLXO shareholders recieve a notice??? Proxy-vote?
I have not seen anything!
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sawdin

01/05/12 9:07 AM

#31581 RE: harr449 #31570

In order for that to occur, Messrs. Lacle, Syed and Saleem would need to actually have a majority and it would need to be verified. Typically that is done by the corporate attorney. In your example, shareholders are not watching and/or are apathetic. In the case of Michelex, shareholders are watching, the corporate attorney is watching and Colonial Stock Transfer is watching. Messrs. Lacle, Shyed and Saleem may be unethical but I doubt that they would be stupid enough to try to pull off what is suggested. That would be an open and shut case of Securities Fraud. Mr. Magoo could be the prosecutor and win that case.