MLXO is up 50% today. I figured some of you would want to know. Used to be a risky stock but I'm not so certain of it anymore. Especially with the latest short term debt elimination, this will give them much needed breathing room.
If you're going to consider a position in this, keep in mind they are just off the OTC BB and under huge investor pressure to file their latest SEC filing. I don't have any idea what the reason for the run was today, other than that it was on relatively low volume. IMHO this is undervalued enough to be worth $.08, of course my exist is much, much, higher as my interactions with the PR firm have seemed to indicate they are intending to get back to the OTC BB or maybe try the AMEX ASAP.
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Posted by TalonSin on :
This one scares me G. They had a ton of time to get a 10k filed and they chose not to and let themselves drop into the pinks. I think the rapid crash in share price has caused them to issue some PR's in an attempt to bring the price back up a bit.
Still a solid company with lots of history and it was crap what Cornell was doing to them but my opinion is they let their investors down by not filing the 10k. Had they filed I would still be with them. There is something majorly not right when a company chooses to go to the pinks instead of filing a financial statement. JMHO
Could still be good for a few day trades...
Posted by g-invest on :
12.5% increase. I dropped 800 bucks on this when it was .08 because KTrain was pumping it and I didn't know any better. Looks better now than it did then. I was going to sell when the 10k didn't come out, but there was a investor7 or something that zoltan on here claims to have been in touch with. I just emailed David (not "Tom") who is the real CEO asking about the 10k. I'll let you know if I get a response. I have a feeling that CEO's don't work Friday afternoons though, even with the Pinks.
Posted by pensandoenti67 on :
I bought at .03 before the it drop to the pinks.. still holding... actually I bought another 4000 shares at .017 the other day for a total of 20,000 shares, sounds dumb, but who knows I've seen stranger things.
Posted by TalonSin on :
I must admit it is a lot stronger buy now then when I bought.
Posted by g-invest on :
If they'd just file their 10K they'd hit .12 PPS. This stock has a market cap of only like 1.4 million. That's hilarious considering their assets. Sure, the liabilities suck, but that's what Chapter 11 is for.