MASSENA, N.Y., July 26, 2006 (PRIMEZONE) -- Michelex Corp. (Pink Sheets:MLXO) "Michelex" (or the "Company"), a plastic manufacturing company and an audio record production group announced that it was successful in purchasing the manufacturing line that produces the 5.2mm ultra slim CD jewel Box. It took delivery of this line at its Massena, New York facility last month. The installation process is ongoing and it is anticipated that production will commence next month. As previously stated, this production line is expected to increase revenues by up to $300,000.00 per month
Michelex also announced that it restarted production in its New York facility on July 10, 2006 and has been recalling former employees. [B]The response from customers has been positive and as a result, a third shift was implemented on 7/24/06 to meet customer delivery expectations.[B/]
The Company intends to put out a press release in the near future to update its shareholders on the status of their financials and progress it is making to get it [B]re-listed on the OTCBB.[B/] About Michelex Michelex Plastics -- Founded in 1972, is a manufacturer/importer and distributor of C-Zero's, Cshells, Norelco Boxes, Jewel Boxes, DVD Boxes and other related specialty plastic products. The company has manufacturing facilities and distribution points in New York and Salt Lake City. The company employs people who are committed to the customers and to the operations of the business. Michelex offers a full range of products through its divisions to make it a one-stop shop for its customers. Michele Audio -- Audio duplication services and an exclusive rights holder of a large catalog of music and spoken word recordings. Michelex Media Products -- Producer, supplier and distributor of paper multimedia packaging products, also offering complete fulfillment services to its customers. Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports. CONTACT: Michelex Corp. Thomas Gramuglia (315) 769-6616
Posted by DDA on :
We posted at the same time !
Posted by DDA on :
MLXO PR = 0.0425 / share - current PPS is 0.055
For those who don't understand the impact :
This is 0.0425 revenue per share that is added
($ 3.6 million / 84 million shares)
Posted by casviper on :
hopefully we will get more business down the road. They started a 3rd shift to meet demands. maybe more contracts in the pipeline. maybe we can see .50 by years end. GOOOOO MLXO!!!!
Posted by The Bigfoot on :
So tell me what is going on with this stock right now gents. Seems this has taken a little tumble since that news was announced. What are your expectations?
Posted by DDA on :
Bigfoot,
Don't know what's going on, but for sure I want more ....
Posted by sidestyle on :
Michelex Corp. has signed a contract with Sony Corporation Thursday July 27, 14:24 pm ET
MASSENA, N.Y., July 27, 2006 (PRIMEZONE) -- Michelex Corp. (Other OTC:MLXO.PK - News) ``Michelex'' (or the ``Company''), a plastic manufacturing company and an audio record production group announced that it has signed a one year contract with sony to supply jewel cases. This contract will bring in a revenue of 3 million dollars.
About Michelex
Michelex Plastics -- Founded in 1972, is a manufacturer/importer and distributor of C-Zero's, Cshells, Norelco Boxes, Jewel Boxes, DVD Boxes and other related specialty plastic products. The company has manufacturing facilities and distribution points in New York and Salt Lake City. The company employs people who are committed to the customers and to the operations of the business. Michelex offers a full range of products through its divisions to make it a one-stop shop for its customers.
Michele Audio -- Audio duplication services and an exclusive rights holder of a large catalog of music and spoken word recordings.
Michelex Media Products -- Producer, supplier and distributor of paper multimedia packaging products, also offering complete fulfillment services to its customers.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports
Posted by DDA on :
I like it.
Posted by sidestyle on :
sorry guys...i got duped...looks like the pr was bogus...the p & d crowd never seems to sleep
Posted by The Bigfoot on :
Wondered about that. Seemed odd for a couple different reasons.
Good movement today. I might just get back in on this one.
The Bigfoot
Posted by The Bigfoot on :
Nice close. If this looks up tomorrow I'll try to find a good entry. Have said it many times. This is a .10 stock.
The Bigfoot
Posted by sidestyle on :
quote:Originally posted by The Bigfoot: This is a .10 stock.
The Bigfoot
at a minimum
Posted by The Bigfoot on :
Ask isn't being controlled by the Bid today. Good sign. Would be nice to close that spread a little so we could get some real volume going but that will probably come near EOD if this holds true to form.
Not bad at all.
Posted by The Bigfoot on :
Moving up.
.057/.06
Strong at .058 waiting for .06 to print
I'm in
BF
Posted by The Bigfoot on :
.06
Posted by DDA on :
0.64
Posted by The Bigfoot on :
Over 500K shares traded now
Can I see a 65?
Posted by DDA on :
Bigfoot,
Your wish is our command ! LOL
Posted by The Bigfoot on :
Take a look at the chart with a one year timeframe.
We are in a definate uptrend that has been going since the begining of the year.
Our low resistance level right now seems about even with the current 50MA at .044 and our upper resistance point is .09. We've bounced off that twice now.
The RSI and MacD show a bullish turn and if we contiune next week the ADX should have a clear signal as well.
My guess is that we are going to rise over the next week to bounce off of .09 one more time. A drop down to the bottom resistance which should be around .055 at that point and then a breakout above .09 forthcoming.
This could change if they put out that financial update sooner than expected. I am thinking that PR (if it shows healthy improvement) is what is going to break the .09 wall.
Bigfoot
Posted by stocktrader22 on :
Can you tell me why this has gone from subpennies to this recently? What is the big news
Posted by The Bigfoot on :
stock22,
This company manufactures cd cases. Not terribly exciting but they have a proven record of contacts and sales.
If you look at the two year chart you will see that around 2005 they started a long downtrend out of the .20-.30 cent range.
If I am correct, my take on it is that they expanded too quickly and couldn't keep up. They continued to have problems with two different loan attempts that went poorly.
There are two things driving this stock back up to previous levels.
#1) They are finally making forward movement financially and have though this tough period been able to continue production and win contracts.
#2) The share structure hasn't changed much. The owners of this company didn't dilute to fix their financial problems which is a huge plus in favor of the management team.
Bear in mind. In February the company did increase it's A/S count from 100 Mil to 1 Bil. However, there hasn't been dilution that I have seen and the O/S seems to be unchanged at under 50mil shares.
There is also a rumor of a 7 Mil short position that happened using 7 mil shares issued to secure a loan. If the rumor is true MLXO dropped dealings with the loan company and bought out those 7 Mil shares themselves to force the loan company to cover. (I don't know that this is true)
Look to the recent PR's and you will see that this company is getting back on track which should translate to a return of the pps to the 20-30 cent range.
The Bigfoot
Posted by banah18 on :
This should move on MONDAY to a high pp Posted by The Bigfoot on :
5 minutes to go
063/.07
Lets ramp it up!
Posted by The Bigfoot on :
.074/.075
.073 printed
Posted by banah18 on :
MLXO is going up from here , anticipated news today regarding divedend i heard from a good good source
Posted by The Bigfoot on :
dividend?
hadn't heard anything about that. Would be nice if true
Posted by The Bigfoot on :
.077/.08
.08 printed
up .015 since open
Posted by banah18 on :
I heard about it from the ceo's uncle , he works with mlxo , he was talkin to a good source The dividend is with a company called XL or something not sure , its an ethanol company on the big boards
Posted by banah18 on :
Lets see it break 0.08
Posted by sidestyle on :
i've been in this a while and am pretty plugged in...i've heard NOTHING about a dividend...this is a pump and dump scam
Posted by banah18 on :
SHAKERZZZZZZZZZ on MLXO today weeeeeeeeeeee
Posted by sidestyle on :
about a mill short in addition to a non-traditional short of ~4mill
good news send this a runnin'
Posted by banah18 on :
good ne3ws , this is going to go running
Posted by bksundar on :
Looks like a good play for the days to come...
Posted by bksundar on :
I think this is going to cross previous high of 0.09
Posted by banah18 on :
MLXO HUGE NEWS TOMMOROW , DEBT PAID OFF AND DIVDEND AND THIS HAS A LOW FLOAT AND WILL MOVE FAST PAST 0.09
Posted by banah18 on :
MLXO is at new high now , and this will soar up higher
Posted by banah18 on :
Big alert here its a bUY
Posted by The Bigfoot on :
Don't know jack about news.
Chart-wise we have broken our upper resistance barrier. IF we are able to maintain support and stay above .086/.088 range for the rest of today and tomorrow then it should become a weak line of support for us that can be used as a fallback should a reversal come before it drops further.
My thoughts? No volume - back down. some volume - stay above .08 good volume - oversold and pop above a dime
But you knew that already didn't you?
The Bigfoot
Posted by The Bigfoot on :
Looks to be reforming .08/,083 We need to close around .088 if we are going to stop .09 from reforming into a resistance wall.
Posted by skip on :
NITE just moved to .17...L2's look interesting...
Posted by RagingBull on :
.10+ manana?
Posted by TalonSin on :
come on .1 !!!!
Can anyone post L2's ???
Posted by sidestyle on :
i can't believe there isn't more interest in mlxo on this board, especially with all the action in the last couple of weeks...this, IMHO, is going to at least .5 near-term
Posted by TalonSin on :
I have always liked these guy since they have a real company and real assets. I dont understand why they dont get more love myself.
Posted by The Bigfoot on :
Looks like a small correction is coming.
Mental block above .085, no one wants to buy at those levels.
- Wells Fargo - Production - return to OTCBB - rumored surprise PR (even without it ...)
From HSM :
Let's not Forget that their are deals in the works right now also, A Merger with Sagoma Plastics, Michelex's only US Competitor!!! If the two companies Merge, look how HUGE that will be? And the Rumors flying around about other things? I know from Talking with Tom G. that he is Sick and tired of this Manipulative Penny Market, and as far as getting relisted on the OTCBB, that is only a stepping stone, I think Tom wants off the OTCBB just as fast as possible too and get listed on the AMEX or something where things like Naked Short-Selling, and this Manipulation so common on the OTCBB, is watched much more closely on the bigger boards like the AMEX, Michelex is a High enough Caliber Company to get on the AMEX, especially with a Merger with it's only competitor and some Bigtime Heavy Hitters Investing in this Diamond in the Ruff. When things like these begin to happen, forget the chart and the technicals! Throw them out the window because Mergers and big Investments change everything, I know from Talking with Tom that he has surrounded himself with some serious Professionals in the Market with the Full Intention of Getting Michelex up above all this Penny Market Manipaulation and in a place where they can Operate in Full Production and be a VERY Profitable company with the Stock trading at it's Fair Market value without having to worry about some offshore Hedgefund trying to drive the Share Price into the ground because it's trading on the Pink or OTCBB where this Manipulation runs Rampant. Remember, This company began in 1972 and has had 28 YEARS OF PROFIT!!! BEFORE BEING BROUGHT TO IT'S KNEES AND CLOSE TO BANKRUPTCY ALL BECAUSE OF TOXIC FINANCING FROM WELLS FARGO AND CORNELL CAPITAL!!! Now the Toxic SOB's are gone, and Michelex WILL RISE BACK TO WHERE IT SHOULD BE AND EVEN BIGGER THAN BEFORE WITH SOME HARD LEARNED LESSONS UNDER IT'S BELT. MLXO WILL BE TRADING IN THE $$$DOLLARS BEFORE YOU KNOW IT, I'D BET MY HOUSE ON IT.
Other info from HSM :
Recent PR's : Michelex Corp. Takes Delivery of Equipment/Restarts Production PrimeZone Media Network (Wed, Jul 26) essentially: gets new machines for jewel cases that will add 300K monthly revenue or 3.6M annually, has hired back workers, restarted production, and added a 3rd shift to meet demand (24 hr a day production!)
Michelex Corp. Continues to Make Progress PrimeZone Media Network (Fri, May 12) essentially: Wells Fargo must be paid off before Aug 31, but MLXO expects to do this much earlier ( confirmed they are paid off and this is the news we expect monday), CEO Tom G says "share price undervalued, we will be going back to OTCBB as soon as audited financials are completed"
Michelex Corp. Announces Termination of Convertible Debenture with the Commander Fund PrimeZone Media Network (Wed, Apr 19) essentially: MLXO is done with Cornell BS, and share reduction filed soon after
Michelex Corp. Announces It Has Reached a Settlement With Wells Fargo PrimeZone Media Network (Wed, Apr 12) essentially: settlement reached on the amount owing, resulting in a net gain for MLXO of about 600K compared to original amount, Tom G says that paying off Wells is necessary for company to return to "pre - 2004" levels (this means big revs, and pps that at one time was in the $1.50 range!! )
Michelex Corp. Announces Recent Events and Occurrences PrimeZone Media Network (Wed, Mar 15) essentially: the plan to pay off Wells is announced, Tom G says the payment would "allow revenue to return to pre - 2004 levels" , announcement that sales for 2007 expected to grow to 21M, or 30M + if merger with Sagoma plastics takes place, Sagoma plastics merger possiblity is announced, both CEO's says this is probably a good idea, MLXO has hired a firm to help in auditing etc to get them back on the OTCBB
Most Recent Share Structure (no dilution whatsoever has been done since this or will be done in the future) Share Structure Per Transfer Agent 03-16-2006 Authorized:.. 100,000,000 Outstanding: 84,543,537 Restricted:... 57,170,120 Float:........... 27,373,417
Short Situation: There is believed to be an 8M Short position due to restricted shares illegally being sold into the float. The brokers responsible must purchase these back on the open market. These will not show up as a short position on the numbers presented by websites that list this kind of info as they are not short sales in the traditional sense, but the effect will be the same when they are to be repurchased. (Money please clarify this for me if you get a chance!)
Company Phone Numbers; Massena, New York: 315-769-6616 and/or 2448 Thomas Gramuglia President Ext. 413 Salt Lake City, Utah: 801-596-0166 Michelex Audio:........ 315 769-2448 Michelex Trimark Canada, Inc. info*michelextrimark.com Tel.: (514) 343-9389 Toll Free: 1-800-363-8802
Posted by DDA on :
Michelex Corp. Meets Deadline -- Completes Refinancing via COMTEX
August 7, 2006
MASSENA, N.Y., Aug 7, 2006 (PRIMEZONE via COMTEX News Network) --
Michelex Corp. (Pink Sheets:MLXO):
"Michelex" (or the "Company") a plastic manufacturing company and an audio record production group announced that it has completed the second and final part of refinancing to eliminate its obligation with Wells Fargo. The Company, through a deal signed with Utica Leaseco, LLC and Ihop Leasing, LLC d/b/a Omega Leasing, LLC, has paid $1,150,000.00 to Wells Fargo. Wells Fargo has agreed to give the Company until December 24, 2006 to pay the remaining $250,000.00 thus resulting in a total savings to the Company of $703,519.67.
The Company also announced that it completed a financing with the NIR Group, LLC, that will provide the company with $1,200,000.00 in additional working capital over the next 120 days. The Company has already received the initial $400,000.00 in funding. This, together with the money from Wells Fargo, will help to ensure the Company's return to its place as a major US supplier in the optical media packaging industry.
Mr. Gramuglia, President and CEO of Michelex Corp. stated that "I would like to thank all the long term shareholders, customers and employees of the Company for their continuous support during this refinancing period."
The Company is in process of working to complete their audited financials by mid-September and the filings of the 2QSB's, the 10KSB and the SB-2's will all be filed simultaneously to get it re-listed on the OTCBB.
The Company reported that production in New York was running smoothly and sales are steadily increasing. It is still in negotiations with Sagoma Plastics with regard to the potential merger of the two companies.
About Michelex
Michelex Plastics -- Founded in 1972, is a manufacturer/importer and distributor of C-Zero's, Cshells, Norelco Boxes, Jewel Boxes, DVD Boxes and other related specialty plastic products. The company has manufacturing facilities and distribution points in New York and Salt Lake City. The company employs people who are committed to the customers and to the operations of the business. Michelex offers a full range of products through its divisions to make it a one-stop shop for its customers.
Michele Audio -- Audio duplication services and an exclusive rights holder of a large catalog of music and spoken word recordings.
Michelex Media Products -- Producer, supplier and distributor of paper multimedia packaging products, also offering complete fulfillment services to its customers.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
(C) 2006 PRIMEZONE, All rights reserved.
Posted by banah18 on :
umm ?
Posted by casviper on :
this seems good to me. can we .10 today??
Posted by casviper on :
we're going in the wrong direction.... why would someone be selling on this news?
Posted by TalonSin on :
This stock always surprises me. They release a good PR and the price goes down. I dont understand how a real company with a long history and real assets does not attract more attention.
Posted by casviper on :
am I missing something??? WTF!!!!
Posted by TalonSin on :
I'm with you Cas, here is a company that always gives us facts and dates, (like filing target date of mid-september) has a low float and real assets and yet other stocks like PLNI who brokers like ameritrade wont touch get more volume? It just doesnt make sense to me.
Posted by The Bigfoot on :
Give it time. It is correcting from an oversold position. It needs to reform. This will go up again soon.
Posted by casviper on :
i see no reason for the dip to begin with.
Posted by banah18 on :
THIS IS GOING TO GO GO GO DOWN
Posted by sidestyle on :
banah...first your pumping, saying shakerzzz is involved (which they weren't)...and now your bashing, after a pr that signals a very bright future...sounds like you're trying to spook people out of their positions so you can pick up cheap shares...
****i would watch this guy****
Posted by DDA on :
He's banah ...nas LOL
Posted by banah18 on :
Im a gurl. I made the stock move from 0.07 to 0.10
Posted by TalonSin on :
Could you do it again please???
Posted by casviper on :
can you please move it to a dollar???
Posted by emich25 on :
this will be fine
Posted by sidestyle on :
banah...do you really expect someone to believe that? you pump to try to get your stocks moving then bash when it doesn't work out...you've never provided dd and have no credibility...i like this stock so please move on and f*ck with something else
Posted by DDA on :
banah,
the only thing you most likely let move is not for this board - I don't understand you - you bash and pump - have to make up your mind !
Posted by Absolut_Swing on :
Paranoia, fear and greed is GOOD.
Posted by The Bigfoot on :
Looks like MLXO is just about ready for the next leg.
I expect another downturn as folks begin to load up.
Audited Financials due out mid September according to PR's.
Watch this one.
The Bigfoot
Posted by DDA on :
Bigfoot,
I'm still waiting. I got my shares lined up and they're ready to be sold at .... a decent price LOL
Posted by TalonSin on :
I'm here waiting too. Sometime this year this baby is gonna let out a PR saying everything is paid and they have new contracts signed and are moving to OTCBB then it is gonna shoot up very fast.
Posted by emich25 on :
bigfoot i think they are going to start filing the 10k and q's pretty soon..the financials are with the auditor so i think the mid sept deadline is a lock..i think we start toward .20 and maybe beyond..what i do know is the float is tiny...28mil of that 20mil of that is held 13mil is held by a group that is really long on this one. so figure the float to be around 8mil which explains why this trades somewhat rough...good luck to all
Posted by DDA on :
Emich25,
Anyway to get in contact with that group.
I post on some other boards as well and I guess 'we' owe a large chunk of the O/S. Could be good to spread the word ...
Posted by The Bigfoot on :
Alright.
Expecting near term growth as we are two to three weeks away from audited financials being released.
Also expecting update from resumed production.
Last but not at all least. August 25 MLXO was removed from the naked short list.
Time to move up folks...make room. I am in at .055. I am expecting a 40-50% run (more with good news)and my time frame for this stock is three weeks.
The Bigfoot
Posted by The Bigfoot on :
.055/.06
Good hits at .06
Posted by The Bigfoot on :
.06/.064
Posted by The Bigfoot on :
NEWS!
quote: Michelex Corp. Revitalizes Its Music Division; Expanding Revenue Growth and Profit
MASSENA, N.Y., Aug 28, 2006 (PRIMEZONE via COMTEX) -- Michelex Corp. (Pink Sheets:MLXO) ("Michelex" or the "Company"), a plastic manufacturing company and an audio record production group, announced today that it has begun the process to revitalize and expand its music division. Unbeknown to many, Michele Audio Corporation of America ("Michele"), a division of Michelex Corp., is the owner of over 9,000 copyrights, of which many albums are available on the market today. "STRADIVARI (Classical)," MICHELE RECORDS (Big Band Era and vintage jazz) and "COUNTRY HARVEST (rare and historical Country Recordings)," to name a few, are record labels owned by Michelex.
Thomas Gramuglia, Executive Producer and owner of Bop Talk Music, his publishing company, will focus on putting out new recordings on CD compiled from their vast catalog of unreleased masters. Revenues from this plan are projected to increase sales by $500,000.00 for the year 2007.
The Company recently learned that one of its major competitors on the plastics side has closed their doors and gone out of business. This puts the Company in an excellent position in the industry because there will be a need to fill an immediate void in the industry to the tune of over 100,000,000 CD jewel boxes, cassette boxes and DVD boxes -- all items that are currently being manufactured by Michelex Corp. in the USA.
The Company stated its arrangement with Utica Leasco that took out Wells Fargo for $1.2 million was debt financing. This traditional financing was a sale/leaseback of its equipment amortized over five (5) years with an option to purchase at the end of the lease.
The Company is in the process of completing the necessary financial statements that will enable it to have a 15(c)(2)(11) filed to quote its common stock on the OTC Bulletin Board.
Good deal!!!
BF
Posted by The Bigfoot on :
Starting up again
.06/.065
uptick.
Posted by DDA on :
I hope she runs again
Posted by The Bigfoot on :
10k share trade at .067 above ask.
Posted by The Bigfoot on :
Give us a .07 for close whatdayasay?
please please please? Posted by DDA on :
Yeah, we want a nice white stickie thing ...
Posted by The Bigfoot on :
Yeah...a white....stickie.....thingy.... LOL
Posted by The Bigfoot on :
Hey! Someone's trying to mess up our white thingy!
Posted by The Bigfoot on :
Close at .065
I'll take it!
Wasn't expecting news or action today but won't sneeze at it. I think this may settle for a bit but it will soon be pushing the envelope again as we get into September and we near the reporting time.
GLTA.
Bigfoot
Posted by casviper on :
does anyone know what is up with this? I would have thought with all the good news this company has put out over the last 4 months this would be moving.
Posted by The Bigfoot on :
Lots of good news.
It isn't an exciting stock and that may have something to do with it but it has always been a steady play for me. Movement should come soon. (Honestly we could be seeing the beginings now. went up .015 yesterday and holding so far today.) Bid is a low but nobody has scored on bid yet. May need to up the ante if they want to get in on this.
Another answer to your question lies within this chart.
I don't have the fancy tools to draw on the chart but consider this. Within the last 6 months this stock has established 3 different support levels.
1)The first is right at the begining under .01 2)The second formed in April at .022 3)The final support level was created in July at .05
Now look at resistance levels. We had a resistance level at .07 that was broken in July when our current support level was formed.
We have since tested the next resistance level at .09 a couple of times and nearly rose high enough to consider it broken in early August.
The steam is building. It will soon grow again as evidenced by the MacD and the Accumulation/Distribution below.
I'd love to break that .09 resistance and see where we can take it. I think it'll happen soon. Just waiting for those financials and production updates that are due two weeks from now.
BF
Posted by casviper on :
lets hope we break .09 veryyyyyyy soooooon!
Posted by casviper on :
Maybe this will fly this fall... A nice Santa Claus rally to $1.00 would be nice.
Posted by The Bigfoot on :
You'd have to be a VERY good boy to get that I think. I'm shooting for a nice break of the .09 and want .12-.14. I take more if it gives though. Posted by sidestyle on :
i'm suprised more people aren't watching this...relistment to the otcbb by mid-september--just a couple of weeks away!
Posted by sidestyle on :
there was also more great news on monday:
Michelex Corp. Revitalizes Its Music Division; Expanding Revenue Growth and Profit Monday August 28, 11:22 am ET
MASSENA, N.Y., Aug. 28, 2006 (PRIMEZONE) -- Michelex Corp. (Other OTC:MLXO.PK - News) (``Michelex' or the ``Company'), a plastic manufacturing company and an audio record production group, announced today that it has begun the process to revitalize and expand its music division.
Unbeknown to many, Michele Audio Corporation of America (``Michele'), a division of Michelex Corp., is the owner of over 9,000 copyrights, of which many albums are available on the market today. ``STRADIVARI (Classical),' MICHELE RECORDS (Big Band Era and vintage jazz) and ``COUNTRY HARVEST (rare and historical Country Recordings),' to name a few, are record labels owned by Michele.
Thomas Gramuglia, Executive Producer and owner of Bop Talk Music, his publishing company, will focus on putting out new recordings on CD compiled from their vast catalog of unreleased masters. Revenues from this plan are projected to increase sales by $500,000.00 for the year 2007.
The Company recently learned that one of its major competitors on the plastics side has closed their doors and gone out of business. This puts the Company in an excellent position in the industry because there will be a need to fill an immediate void in the industry to the tune of over 100,000,000 CD jewel boxes, cassette boxes and DVD boxes -- all items that are currently being manufactured by Michelex Corp. in the USA.
The Company stated its arrangement with Utica Leasco that took out Wells Fargo for $1.2 million was debt financing. This traditional financing was a sale/leaseback of its equipment amortized over five (5) years with an option to purchase at the end of the lease.
The Company is in the process of completing the necessary financial statements that will enable it to have a 15(c)(2)(11) filed to quote its common stock on the OTC Bulletin Board.
Posted by DDA on :
yep, we're waiting for nice events to come
Posted by The Bigfoot on :
r e a d t h i s t h r e a d
BUMP
(Trying for some of that subliminal suggestion like 7up...think it'll work?)
Posted by The Bigfoot on :
bollinger bands begining to pinch
Posted by The Bigfoot on :
bump it up.
This one will be getting some good play soon. Radar it.
Posted by The Bigfoot on :
DDA and sidestyle.
Get ready. This is the last week we should have to sit through before the news starts rolling in and the price starts jumping up. Posted by casviper on :
she's going in the wrong direction....
Posted by DDA on :
quote:Originally posted by casviper: she's going in the wrong direction....
[/LIST]
I'm adding
Posted by The Bigfoot on :
Some good hits today.
People are starting to fill the boat.
Posted by The Bigfoot on :
bump
Posted by The Bigfoot on :
One rung at a time but we are moving. Over 500K now. People are starting to realize what this stock has in store for it soon.
*Financial update now that toxic financing has been done away with.
*Production update now that everything is back open and running again and workers have been called back.
*Update to see if they captured any of the 10MIL cases a year their competators left hanging when they closed shop completely.
*And information about a move to the Amex!
Good things comming!
.051/.054
BF
Posted by DDA on :
MLXXXXOOOOOOOOO GOOOOOOOOOOOOO
Posted by casviper on :
I will be greedy.... com'on one dollar!!!!!
Posted by The Bigfoot on :
oops...
edit that. don't want to give bad info.
they are moving up to OTCBB not Amex.
BF
Posted by DDA on :
hit me at 0.052 -----i want moreeeeee
Posted by casviper on :
who knows, maybe AMEX will soon follow the BB. This company may finally have its act together, especially if they corner the jewel caes market and start selling those CD's the were talking about.
Posted by DDA on :
49 K at 0.05 - YESSSS
Posted by The Bigfoot on :
I bumped my position a bit at .05 as well.
Expecting those filings late this week or sometime next.
Waiting for the ride to begin.
BF
Posted by DDA on :
Like most of us ... we're waiting
Posted by emich25 on :
mlxo should run soon enough...this is a great opp. the company has significant revenues coming back in and looks to be on its way again...
Posted by casviper on :
someone's playing with this stock. there is no reason for it to be falling. it was double the price a few month back when the company looked like its futre was over. go figure...
Posted by The Bigfoot on :
It'll turn cas, I'm confident in that.
But there is a lesson here. The market is always right.
Up, Down, or Sideways. The market reacts in its own way no matter past or future potential....especially for pennies.
BF
Posted by emich25 on :
the reason we are where we are is liquidity..the float on this is very small. 28mil is the registered float which is tiny. take that and subtract about 15mil that is held tight...if you look at the way this trades you would see the struggle. There isn't much buying yet...Last week 800k shares were registered to sell by an old ir firm...they got restricted stock and the restriction fell off. That is where vfin comes into play. mm's are trying to get a inventory of shares. they aren't dropping this to much but aren't raising it up either. once the first 10k is filed this will start moving up. This stock will blow peoples mind...
Posted by casviper on :
22 months ago this was at .30 so I would agree that this should take off at some point given all their goes news of late.
Posted by emich25 on :
no this the company is solid and management is excellent...this guy could have taken the easy road and screwed all the shareholders..instead he worked things out with the banks got new non dillutive financing and has operations up and running. now they are looking to get off the pink sheets...all of this was done with out screwing the shareholders..if people want to over look this stock at .05 that's great let them pay .15 or .50 or a dollar cause this will be there in a month..mark this post this stock will be one dollar at least in a month....why wouldn't they...they were over a dollar when they were on the otc...give it time.
Posted by The Bigfoot on :
Have you noticed that for the last week or so the bid and ask jiggle here and there but the spread always stays .003 to .004 apart?
You look at that and take it in with the RSI which is floating under 35 now and it is obvious (to me) that the MM's are accumulating shares here.
By the by, not saying history will repeat itself but the last time the RSI touched 30 before the take off it went up over 500%.
Just sayin....
BF
Posted by DDA on :
tic toc tic toc
Posted by The Bigfoot on :
Won't be around to post next week but that is when I think the action is going to start to happen here.
GL everybody!
Posted by visiblecat on :
MLXO needs hugenews to move up , once that hits , it will go
Posted by The Bigfoot on :
yes - she's doing it again
Posted by casviper on :
Down she goes again. It doesn't seem it ever has a chance to build momentum.
Posted by DDA on :
agree - we need news or i'm out of this one
Posted by The Bigfoot on :
Came off the beach long enough to check up on how thing are going. No movement yet eh? I'm surprised. It'll happen soon. I am confident on my bet that the filings will be good to us.
Back to the beach for the weekend. I'll be home and posting regular again on Monday.
See ya,
The Bigfoot
Posted by DDA on :
High volume to start a Friday with
Posted by The Bigfoot on :
Alrighty folks lets see what MLXO can do for us this week.
The filings are late but should be coming any day now.
I'm ready when they are LOL
BF
Posted by The Bigfoot on :
Just a reminder of what we are waiting to hear about:
quote: Thomas Gramuglia, Executive Producer and owner of Bop Talk Music, his publishing company, will focus on putting out new recordings on CD compiled from their vast catalog of unreleased masters. Revenues from this plan are projected to increase sales by $500,000.00 for the year 2007.
The Company recently learned that one of its major competitors on the plastics side has closed their doors and gone out of business. This puts the Company in an excellent position in the industry because there will be a need to fill an immediate void in the industry to the tune of over 100,000,000 CD jewel boxes, cassette boxes and DVD boxes -- all items that are currently being manufactured by Michelex Corp. in the USA.
The Company announced that it has completed the second and final part of refinancing to eliminate its obligation with Wells Fargo. The Company, through a deal signed with Utica Leaseco, LLC and Ihop Leasing, LLC d/b/a Omega Leasing, LLC, has paid $1,150,000.00 to Wells Fargo. Wells Fargo has agreed to give the Company until December 24, 2006 to pay the remaining $250,000.00 thus resulting in a total savings to the Company of $703,519.67.
The Company stated its arrangement with Utica Leasco that took out Wells Fargo for $1.2 million was debt financing. This traditional financing was a sale/leaseback of its equipment amortized over five (5) years with an option to purchase at the end of the lease.
The Company is in process of working to complete their audited financials by mid-September and the filings of the 2QSB's, the 10KSB and the SB-2's will all be filed simultaneously to enable it to have a 15(c)(2)(11) filed to quote its common stock on the OTC Bulletin Board. get it re-listed on the OTCBB.
The Company reported that production in New York was running smoothly and sales are steadily increasing. It is still in negotiations with Sagoma Plastics with regard to the potential merger of the two companies.
GLTA
Bigfoot
Posted by The Bigfoot on :
We are holding nicely in the .049 range. Can't wait for movement in the next few days.
Posted by The Bigfoot on :
We need those filings.
I know I am tired of waiting and I am guessing by the small amount of shares that were let go under support levels that others are as well.
Has anyone tried to email Michelex and ask when we can expect the filings to come? I will on Monday if no one else has.
BF
Posted by The Bigfoot on :
Well,
I see three possibilities for this dip we are in.
1) The company is diluting shares some.
2) A group of folks have "lost the faith" and are cutting out.
3) The MM's know that something is coming soon and are taking us for a dip.
Hopefully the answer is behind door number 3.
BF
Posted by The Bigfoot on :
Hmmm.
The hemoraging seems to have stopped with exactly 100k shares traded. If that holds true it says to me that someone with a large position decided to exit. We shall see as the day goes on.
Posted by casviper on :
I am putting this stock on my styt list. I will remove it from my list once we have a pr that makes sense.
Posted by The Bigfoot on :
styt list?
Posted by The Bigfoot on :
ah...you meant sh!t list. Nevermind, I got it.
Posted by The Bigfoot on :
No trades in over an hour. Considering the morning we had I'd say that is a good sign.
I want to see an EOD that brings us back into the .045-.05 range.
And hopefully we will get that PR that you are looking for casviper today or Monday.
Posted by casviper on :
oops. yes I meant SHYT list. Now I'm putting it on my double SHYT list. WTF!!!
Posted by The Bigfoot on :
Alright MLXO give us a winner today!
Posted by casviper on :
down she goes..... does someone know something we don't???
Posted by The Bigfoot on :
I think it is mostly short-term holders who are disapointed that the filings haven't come when stated.
DDA and I have been nosing around on other threads a little to see what is up.
On Ihub there is some unconfirmed info that we should be getting a PR sometime today as to the status of MLXO. Seems they had run into a nut that needed to be discussed with the SEC to make sure they filed properly.
Also a report that some "restricted" shares were issued to pay the lawyer and such.
Again...All this is speculation on other threads. As far as I am concerned we are still waiting for the same thing. Filings to be updated and an announcement that they will be returning to the OTCBB. That'll send us climbing quick seeing as when they were on BB last they were trading in the .30 to .60 cent range with one good spike well over a dollar.
FWIW.
The Bigfoot
Posted by The Bigfoot on :
Well, no PR that I can find anywhere which puts into doubt everything that was said by posters on other boards.
I'd be surprised if "something" didn't get put out "sometime" this week but then again...I thought'd they'd be out by now too.
Regardless, upside is strong once the waiting is over so I can't and won't consider selling this stock until I am given a reason to by the company.
See you on the flip side,
The Bigfoot
Posted by DDA on :
Seems one guy called and got the message that it was Monday. Other source stated this week.
In regards to the extra shares : went to the lawyer and family (who borrowed money) - shares are restricted - O/S would still be around 100 million - float = around 30 million - say ... cheessseee
Posted by The Bigfoot on :
cheesseee pleeaasee! LOL
Thanks for the clarification DDA.
Posted by DDA on :
No problem.
I'm done adding. Price is around the 200MA and has that as support (and that's around my average price).
If you look at the volume, you'll see that we've been accumulating for a while now. Knowing that most of us are holding, if we get the OTCB news, the pps should automatically jump up.
Other thing : it seems (some sources on HSM and ihub have been posting on this) that there's other news in the making (some big deal). As with most pinks, you'll see that 'good' news is bundled and spread out during some days/weeks. My take : we'll get news on the move to the OTCB + there will be extra news to support the PPS.
Only thing we need is patience for the time being.
If you look at the spikes this one has made in the past, it will be rewarding once we kick off.
Posted by The Bigfoot on :
Big news?
That's the first I've heard of that but I'd love it if it were true. (Maybe the merger with Sagoma plastics???)
Remember what we are waiting on here folks.
quote:Originally posted by The Bigfoot:
quote: Thomas Gramuglia, Executive Producer and owner of Bop Talk Music, his publishing company, will focus on putting out new recordings on CD compiled from their vast catalog of unreleased masters. Revenues from this plan are projected to increase sales by $500,000.00 for the year 2007.
The Company recently learned that one of its major competitors on the plastics side has closed their doors and gone out of business. This puts the Company in an excellent position in the industry because there will be a need to fill an immediate void in the industry to the tune of over 100,000,000 CD jewel boxes, cassette boxes and DVD boxes -- all items that are currently being manufactured by Michelex Corp. in the USA.
The Company is in process of working to complete their audited financials by mid-September and the filings of the 2QSB's, the 10KSB and the SB-2's will all be filed simultaneously to enable it to have a 15(c)(2)(11) filed to quote its common stock on the OTC Bulletin Board. get it re-listed on the OTCBB.
The Company reported that production in New York was running smoothly and sales are steadily increasing. It is still in negotiations with Sagoma Plastics with regard to the potential merger of the two companies.
GLTA
Bigfoot
Posted by The Bigfoot on :
Woah,
Volume just popped up 200k
Posted by The Bigfoot on :
Big orders starting to come in.
Posted by jigga33017 on :
yes they are, one was mine. 180000 shares... i love this stock, played it from 2 cents to 9 cents, then again from 4 to 8. This will bounce from here, just like it did twice before.
Posted by The Bigfoot on :
Welcome to the group jigga. I could be wrong but I think your entry here was well timed.
Posted by DDA on :
Nice flips - hope we can repeat them sooooonnnn
Posted by The Bigfoot on :
Uh...I wasn't really watching the end there and I might be wrong but from what I can call up after the fact it looks like we had over 200k in after hours trading going on.
That would be a first!
Posted by DDA on :
I think we're close
Posted by The Bigfoot on :
4k traded today all at ask.
hmmm. Quiet before the storm?
Posted by RagingBull on :
im not on this one but i had a dream that it hut.23 lol crazy right
Posted by DDA on :
quote:Originally posted by RagingBull: im not on this one but i had a dream that it hut.23 lol crazy right
That would be a dream for me, a nightmare for you( as you don't own this stock) LOL
Posted by RagingBull on :
lol nightmare for me and the shorts
Posted by casviper on :
WTF!!!!!
I am now putting this stock on my shyt list.
Posted by The Bigfoot on :
Cas,
All I can say is I am going against the trading grain and believing that this news when published (gotta be any day now) will turn the short term trend and resume the long term growth trend. After all, it aint everyday you get to a higher board.
That said we NEED that news. If investors lose the faith than we could end up filling the gap and going back down to .022 area.
I don't think that is going to happen. .035-.04 seems to be as far as we go.
GLTA
BF
Posted by The Bigfoot on :
Wait a sec...
Cas...ain't this stock ALREADY on your shyt list two times over?
LOL How many shyt lists do you have?
BF
Posted by casviper on :
OOPS! I forget I had already put this on my shyt list. Oh well, given todays down fall it's now on my double SHYT LIST!!!
Posted by casviper on :
The tanking continues. Something isn't right. Could all the news that came out a while ago be pure BS. Is this company ready to go under?
Posted by The Bigfoot on :
No, I doubt that very much.
I have a feeling that a majority of the drop relates to folks who don't believe in averaging down, which is smart (though I made a different choice on this stock.)
They have taken their money out being disillusioned by the long wait for the expected PR and their money is on the sidelines until news actually comes out.
There may be some dillution going on as well, but it can't be much and the float is low enough it should be able to take it without adverse effects once trust is regained.
I look at the hints about "big news" with a lot of skepticism but I think the reporting is legit. It is too well PR'd not to be without a boat load of trouble coming from investors for the company. Also, this company has a reputation as one of the pinks that doesn't screw with their stock as a source of funding like others.
I won't say it isn't possible...this is pinky land after all... but it would go against all the work they have done in the last year keeping themselves reputable during financial hardship. Why would they toss that out the window now when they are coming back on line and have hopes of returning to their former status?
I am averaged at .05 and holding. I may add more to my position once the news comes out but will wait and see where the stock is at that point before I make that decision.
GLTA.
Bigfoot
Posted by DDA on :
agreed
Posted by The Bigfoot on :
Been haunting a few other boards recently. If rumor holds true this is our week.
I will be adding to my position.
BF
Posted by casviper on :
BF, the pressure for this thing is to keep going down. who else can be selling? I still have mine, and I think all the longs still have theirs so.... WTF??
Posted by DDA on :
If you think they're dumping stock ...
June total : 20 million traded July : 13.8 August : 7.5 September : 5.9 This month : 2.2
They're playing it. We need news and it'll go. I hold only a small position compared to some who own a million to 1.5 million of this stock. These guys are not going to sell just like that.
Is today the day? PLEASE???
Posted by The Bigfoot on :
Well that little release got me scrambling for news.
Nope,nothing anywhere. No filings no news.
Just someone who got impatient and released about 100k.
Posted by The Bigfoot on :
Nice.
U-tick.
Posted by The Bigfoot on :
Seems to be growing support under the bid at .03.
I don't think we go down anymore. I think we go up soon!
BF
Posted by The Bigfoot on :
MM's have fenced this stock.
Notice how it is moving on 50k hits? MM's have few sells and few buys so they have put blocks down as fences and turned attention elsewhere. Once a few of those blocks get hurdled their attention will come back.
Not saying that means news is emminent but it does suggest that no one is currently interested in selling below current pps.
BTW, that 50k at .031 that moved the bid was a partial fill for me. Rest of the order will sit for the day but I kinda doubt it'll fill.
BF
Posted by The Bigfoot on :
The last of the .03's were taken out with a 50k order.
I took out the .031's with a 50k order.
Someone else just took out the .032's with 3 orders equaling 49,995...
Anyone else seeing the pattern here?
Unless some bagger with a ton of shares dilutes the market we move up from here.
Bring it baby!!!!!!!!!!!!!!!
BF
Posted by The Bigfoot on :
Oh yeah!
.035/.037
.037 printed. Up .008 on the day.
Posted by DDA on :
Huston, we have lift ooooofffffffff !!!!
Posted by The Bigfoot on :
Ask is thin all the way back up to .05 which was the support level we broke 2 weeks ago.
All we need is a little momo and with financials and reenlistment back to the OTCBB coming any day now I really think that momo is only a matter of time. Very good chance of seeing 100% rise from this level by end of next week. FWIW. IMO.
BF
Posted by DDA on :
Got this from another board !
The Michelex Corporation is supposed to file it's registration for Relisting on the OTCBB Exchange by Friday Oct.13th 2006
Posted by The Bigfoot on :
Doh,
Seller entered the market. Brought us down to .033/.035.
Posted by The Bigfoot on :
.0335/.035
Posted by The Bigfoot on :
.034/.035
Posted by The Bigfoot on :
Close at .035.
Not as much as I was hoping but any good sign of life is welcome.
MASSENA, N.Y., Oct 13, 2006 (PrimeZone Media Network via COMTEX) -- Michelex Corp. (Pink Sheets:MLXO) "Michelex" (or the "Company") a plastic manufacturing company and an audio record production group announced today that their Auditors, Seligson & Giannattasio, LLP have completed the company's audited financials for 2004 and 2005. This will enable the company to have the 15(c)(2)(11) filed to quote its common stock on the OTC Bulletin Board which is currently in process; however there can be no assurances as to when the 15 (c)(2)(11) will be approved or whether it will be approved at all. Thomas Gramuglia, CEO of Michelex announced that since it restarted production on July 10th, the company has been successful in regaining market share. The Company's August sales were up 140% over July, and September sales were up 70% over August. The company anticipates that their operating margins will increase due to the declining costs of polystyrene, the raw material used in manufacturing its products, which is predicated to the oil industry cost per barrel.
The Company has leased another building in the Massena Industrial Park giving it an additional 20,000 square feet of warehousing space needed to accommodate the plastics manufacturing plant.
The Company also announced that one of its two retail websites (plastics) is operational and generating sales. (www.michelexmedia.com) The music retail website is near completion and expected to be on-line next week (www.hindsightrecords.com). This website will feature product from its music catalog including Big Band, Classical, Country, Comedy, Polka, Children's Music and will also offer special seasonal promotions of Christmas Music.
Just came out not too long ago. We should move this afternoon once people start seeing it.
Bigfoot
Posted by The Bigfoot on :
We can't see the financials quite yet as they haven't been posted but I really like this paragraph here.
quote:Originally posted by The Bigfoot: Thomas Gramuglia, CEO of Michelex announced that since it restarted production on July 10th, the company has been successful in regaining market share. The Company's August sales were up 140% over July, and September sales were up 70% over August.
Posted by casviper on :
They better be great. The bloodbath still continues with this stock. I hope they have enough money to buy back some shares. I think there is some short selling.
Posted by DDA on :
Grrrrrrr... this should go up ....
Posted by The Bigfoot on :
You may be right.
There is a rumor floating around about Tom G. planning something to that effect but you never know what is true with that stuff until it is PR'd.
What we know we have is financials for the last year coming out and an SEC approval to the OTC soon enough. Anything else is cake!
Posted by The Bigfoot on :
VFIN and UBSS are the only two that moved down. Every one else still has their places in the 4's and 5's from before. We get a little volume and push past the ******* VFIN who has been the main a-hole on level 2's and we are thin all the way up to .05.
Just need to get the believers back!
Posted by wallymac on :
Michelex Corp. Announces Audited Financials Completed MASSENA, N.Y., Oct. 13, 2006 (PRIMEZONE) -- Michelex Corp. (Pink Sheets:MLXO) "Michelex" (or the "Company") a plastic manufacturing company and an audio record production group announced today that their Auditors, Seligson & Giannattasio, LLP have completed the company's audited financials for 2004 and 2005. This will enable the company to have the 15(c)(2)(11) filed to quote its common stock on the OTC Bulletin Board which is currently in process; however there can be no assurances as to when the 15 (c)(2)(11) will be approved or whether it will be approved at all.
Thomas Gramuglia, CEO of Michelex announced that since it restarted production on July 10th, the company has been successful in regaining market share. The Company's August sales were up 140% over July, and September sales were up 70% over August. The company anticipates that their operating margins will increase due to the declining costs of polystyrene, the raw material used in manufacturing its products, which is predicated to the oil industry cost per barrel.
The Company has leased another building in the Massena Industrial Park giving it an additional 20,000 square feet of warehousing space needed to accommodate the plastics manufacturing plant.
The Company also announced that one of its two retail websites (plastics) is operational and generating sales. (www.michelexmedia.com) The music retail website is near completion and expected to be on-line next week (www.hindsightrecords.com). This website will feature product from its music catalog including Big Band, Classical, Country, Comedy, Polka, Children's Music and will also offer special seasonal promotions of Christmas Music.
ABOUT MICHELEX
Michelex Plastics, founded in 1972, is a manufacturer/importer and distributor of C-Zero's, Cshells, Norelco Boxes, Jewel Boxes, DVD Boxes and other related specialty plastic products. The company has manufacturing facilities and distribution points in New York and Salt Lake City. The company employs people who are committed to the customers and to the operations of the business. Michelex offers a full range of products through its divisions to make it a one-stop shop for its customers.
Michele Audio - Audio duplication services and an exclusive rights holder of a large catalog of music and spoken word recordings.
Michelex Media Products - Producer, supplier and distributor of paper multimedia packaging products, also offering complete fulfillment services to its customers.
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
CONTACT: Michelex Corp. Thomas Gramuglia (315) 769-6616
Source: PrimeZone (October 13, 2006 - 8:30 AM EST)
this stock makes no sense. news out today should have put us in the green and we are still in the red. something is just not adding up.
Posted by The Bigfoot on :
Make your own choice.
I'm not terribly excited about the response today either but I am giving it time. We should see more once the Q's are available for review. I also am looking forward to the SEC decision. There is no reason so far to believe that they will be denied acceptance to the OTCBB. I just wish I knew how long it might take for that decision to be reached.
Have a good weekend.
Bigfoot
Posted by wallymac on :
Well I for one like the news today and bought. It looks like there's a big upside to this company. Sometimes it takes a day or two for ther to be a reaction. Hopefully that is the case here. I'm patient and think this stock will do fine. Bought it as a swing to possible longer term stock not a momo play.
GLTA Wally
Posted by The Bigfoot on :
Agreed Wally,
Thanks for reminding us of what this looks like to a new trader. You are right there is tons of upside here! Some of us were expecting news two weeks ago and have some pent up frustration. Now we are seeing forward movement and it should be only a matter of time before all those good things we have all been expecting start comming.
Go MLXO!!!
The Bigfoot
Posted by bilgert on :
MLXO was a BB until 3/31/05. As I understood it (I will find the links later, I had them at one time), the delisting and migration into pinks was largely administrative, and not an intentional desire to conceal information- the typical reason a lot of companies switch from BB to Pinks (IMO). They tried to reverse tracks quickly at that time, but were busy with some contract deadlines and soliciting some investors, which probably slowed them down. PRs indicate they have been trying to get relisted on OTCBB since July.
More DD to follow. I got in at .03.
Posted by DDA on :
quote:Originally posted by bilgert: MLXO was a BB until 3/31/05. As I understood it (I will find the links later, I had them at one time), the delisting and migration into pinks was largely administrative, and not an intentional desire to conceal information- the typical reason a lot of companies switch from BB to Pinks (IMO). They tried to reverse tracks quickly at that time, but were busy with some contract deadlines and soliciting some investors, which probably slowed them down. PRs indicate they have been trying to get relisted on OTCBB since July.
More DD to follow. I got in at .03.
As an extra they were the victim of toxic financing by Wells Fargo. They succeeded in getting that solved.
Posted by The Bigfoot on :
150k so far this morning. Good volume so far.
Lets have a green day today!
Posted by The Bigfoot on :
Word on the street is filings have been sent in to get Edgared and any delay is in the hands of the SEC at this point.
As long as nothing is wrong with the filings decision about the move to the OTC should come out within a week of the filings.
If there is a problem with the re-enlistment forms the company has something like 60 days to remedy without needed to refile.
Here's to hoping we get some movement soon!
Big
Posted by The Bigfoot on :
Hey guys,
Just thought I'd check in.
Take a look at the chart and play around with it for a while.
everything I'm seeing says we are just about to see a reversal here. If filings can time to it right and news on the re-listing comes shortly after than we are looking at a very solid increase.
Worst case I see coming is no news and a modest bounce off the .03 support.
It may just be time to remember that before the slow drop these past couple weeks this stock moved by .005 ticks at a time instead of this piddly .001 crap. Lets get that trend started again shall we?
The Bigfoot
Posted by The Bigfoot on :
.035 printed.
We have a new High of Week!
(Yeah, it was a paint of 850 shares 2 minutes before the bell but it does signal potential for a very good Friday session.)
Look at our candlesticks for the week...
Monday we have a small white candle Tuesday and Wednesday we have Dragonfly Doji's Thursday we end with a nice white candle with a small shadow.
Our MacD is on the rise and about to cross,
Our RSI is undersold with a stir of life
Our Full Stocastics crossed today and hint at a rise.
CMF is positive and growing
Center line of Bollinger bands sits at .04 same as the 200MA with a 50MA at .05.
With confirmation tomorrow the ADX and Aroon will begin to show as well.
All this needs confirmation that a trend is developing but if you like the chart, like the spread of the L2's, like the history of the stock, and think that we have news around the corner like I do...this would be a good time to get in.
GLTA
The Bigfoot
Posted by The Bigfoot on :
Good morning MLXO'ers! Let's see what kind of Friday we have in store for us.
.029/.032 right now. New the paint at .035 would be gone but glad to see our ask still hanging higher than it has all week. Maybe we make that.035 come back and stay today???
BF
Posted by The Bigfoot on :
.032 HOD
.029/.031 current
low volume but ask holding above .03.
Posted by The Bigfoot on :
Some positive signs here too.
Spinning top today. Tug of war between sellers and buyers.
MacD is a tick to the positive and the Slow STO is on the rise.
Very low volume today though. Says shares aren't getting released but it also shows weak buying pressure. This *needs* to change.
Posted by The Bigfoot on :
i can't believe this hasn't gotten more attention lately...financials are due any day and i think it could double on very little volume
Posted by DDA on :
agreed
Posted by casviper on :
what is wrong with this stock?
Posted by The Bigfoot on :
10KSB out!!!!!!!!!!!!!!!!!!!!!!!!!!!
Haven't had a chance to look at it yet
Posted by casviper on :
it can't be all that great. pps is down.
Posted by emich25 on :
did you even bother reading it...basically they had 5mil in rev's during a horrible year for them and have 7million in assets...i don't see where it was that bad. actually for a pink sheet going to the otc company things are pretty strong right now...
Posted by casviper on :
how many shares are outstanding? they were at .09 share at the beginning of Aug. shouldn't we be moving if this was so positive???
Posted by emich25 on :
dude if you need other people to tell you about your investments you should rethink your strategy right now nobody cares give it time...105mil os loat is 40mil
Posted by sidestyle on :
Michelex Corp. Announces Audited Financials Completed 9:30a ET October 13, 2006 (Comtex) Michelex Corp. (Pink Sheets:MLXO) "Michelex" (or the "Company") a plastic manufacturing company and an audio record production group announced today that their Auditors, Seligson & Giannattasio, LLP have completed the company's audited financials for 2004 and 2005. This will enable the company to have the 15(c)(2)(11) filed to quote its common stock on the OTC Bulletin Board which is currently in process; however there can be no assurances as to when the 15 (c)(2)(11) will be approved or whether it will be approved at all.
Thomas Gramuglia, CEO of Michelex announced that since it restarted production on July 10th, the company has been successful in regaining market share. The Company's August sales were up 140% over July, and September sales were up 70% over August. The company anticipates that their operating margins will increase due to the declining costs of polystyrene, the raw material used in manufacturing its products, which is predicated to the oil industry cost per barrel.
Posted by The Bigfoot on :
Emich is correct.
From the 10Q released today
quote:As of October 23, 2006, 105,871,037 shares of common voting stock, par value $0.001 per share were outstanding.
Posted by The Bigfoot on :
Oh...by the way...in case no one was looking...the 2004 10K came out after-hours yesterday. Another piece of the puzzle back in place. I think we have ...3 quarterlies to go and then we get to hear about the switch up to the OTCBB. Is that right?
Are you smiling yet? No? Don't worry...you will.
BF
Posted by The Bigfoot on :
Hmmm...looking back at the PR's it seems the 10K's were all that were necessary to file for the OTCBB. Now that those are out SEC can look into the request. Takes 3-60 days. 3 if nothing is wrong on the filing.
I thought I remembered a PR stating that more financials would be completed at the same time but as long as the major stuff is done I guess I'm happy.
Good Luck everybody!
BF
Posted by DDA on :
I think the quarter results will follow next. If they are good, this one will go ...
Posted by G_Ho on :
test
Posted by G_Ho on :
quarterlies are soon!!!
best of luck guys
Posted by DDA on :
G Ho,
I read ye
Posted by The Bigfoot on :
Caught up in other things but still watching.
Getting some nice hits this morning. Someone prepping for the release?
Posted by The Bigfoot on :
HeeYAW!
Hope you held your shares!!!
quote: Michelex Signs LOI to Acquire Ag Pro, Ltd and Enters the Bio-Diesel Market
MASSENA, N.Y., Nov 20, 2006 (PrimeZone Media Network via COMTEX) -- Michelex Corp. (Pink Sheets:MLXO) "Michelex" (or the "Company") a plastic manufacturing company and an audio record production group announced today that it has signed a Letter of Intent to acquire Ag Pro, Ltd, (www.agprosoy.com). Ag Pro, Ltd. owns and operates a soybean and oilseed crushing plant in Massena, New York. The plant processes soybeans into soy meal and crude soy oil. Its current crushing capacity is 150 tons of soybeans per day, which will be increased to 250 tons. The refinery has a capacity of 50 tons of oil per day. Ag Pro's state-of-the-art oil refinery is a physical refinery, rather than a chemical refinery like most others. It produces soy oil with zero trans-fats. Soy oil is also used to produce bio-diesel. Michelex plans to utilize the majority of the soy oil production for making bio-diesel. What is unique about Ag Pro, Ltd. is that its oil can be used as a high quality edible oil, or as a feed stock for bio-diesel depending upon market conditions. St. Lawrence County is well suited for the production of soy beans with its ample farm land. In full production, the crushing plant would need 100,000 acres in soy. The estimated replacement cost of all Ag Pro, Ltd. assets is upwards of 12 million dollars. It is the intention of Michelex to construct a bio-diesel etherification plant next to Ag Pro, Ltd. in the Massena Industrial Park. The capacity will be a minimum of 10 million gallons per year. The newly proposed facility will process bio-diesel from a variety of oil feed stock. This versatility will not limit the production only to the crushing plant's soy oil output. The bio-diesel plant will be financed by the sale of Industrial Development Bonds. The St. Lawrence County IDA has written a letter of support for this project.
The acquisition is based on cash and stock considerations.
Thomas Gramuglia, President and CEO of Michelex stated that he "is very excited about the proposed acquisition of Ag Pro, Ltd. as my family has been in the crushing and refining business for edible oil in Italy since 1919. The Italian company has an outlet for sale of its olive oil here in the U.S. at www.oliverioil.com."
Michelex would also like to update its shareholders that the 10Qs for March, June and September 2006 are expect to be filed before the Thanksgiving holiday.
Geddyup Donkey!
Posted by tompom on :
iīm in at .045 LETīS ROLL!!
Posted by The Bigfoot on :
Butt-covering should begin soon.
This stock has been on and off the sho list more than once.
Low O/S + News + Reporting to get on OTCBB = Posted by tompom on :
yes this should fly
Posted by tompom on :
.045x.048 now
Posted by The Bigfoot on :
Just bent the upper bolinger band at .046.
150k shares away from highest volume day in three months.
RSI climbing quick
Posted by tompom on :
.048x.049 now
Posted by tompom on :
.049x.05 now picking up steam again...
Posted by tompom on :
.05x.051... .051 is resistance, if we break that we should go much higher
Posted by tompom on :
allright!! .053x.054 LET`S GOOOOOO
Posted by tompom on :
printing .055 now
Posted by tompom on :
.055x.057 weeeeeeeeeeeee
Posted by matto on :
lol you r not alone don't worry i am in with ya. adding a bit more on this dip!!!!!!!!!
Posted by tompom on :
hehe good to have you on board! what a nice mover!
Posted by matto on :
Michelex would also like to update its shareholders that the 10Qs for March, June and September 2006 are expect to be filed before the Thanksgiving holiday.
thats what i like to see for a 3 day runner!!!!!!!!
Posted by tompom on :
sounds like a plan!
Posted by The Bigfoot on :
Up 45% so far and we are in a dip right now!
Annual high .098. We have room to grow
Posted by DDA on :
WE have liffffffffoffffffff
Posted by tompom on :
i smell an afternoon run...
Posted by The Bigfoot on :
L2's light up to .07
Lets get an afternoon push!
Posted by tompom on :
i wouldnīt mind a little volume...
Posted by The Bigfoot on :
Over 3 mil shares today tompom. Double the three month high. I'll accept that as volume.
Seems that wall at .05 was a little thicker than I thought.
I too am slightly dissapointed that we didn't sustain a break over .05 but am confident it is coming.
Posted by tompom on :
me too, iīm holding
Posted by sidestyle on :
holding??? how is it even a debate...i'm not letting a single share go until i see .5 AT LEAST!!
Posted by tompom on :
gapper!
Posted by casviper on :
why does this stock have trouble getting any traction???
Posted by tompom on :
itīs lacking volume right now but staying above the 200 dma is a very strong sign i think this will continue to go up...
Posted by The Bigfoot on :
Press article about the acquisition.
quote: Plastics firm to buy Ag Pro, produce fuel
Nov 21, 2006 (Watertown Daily Times - McClatchy-Tribune Business News via COMTEX) -- MASSENA -- Michelex Corp. plans to acquire its Industrial Park neighbor Ag Pro Ltd. to break into the alternative fuel business. The plastics manufacturer will use stock and cash to purchase $12 million in assets from the soybean processor and construct an addition to the current Ag Pro building in the park, Michelex announced Monday.
The Ag Pro plant is capable of processing 150 tons of soybeans for animal feed each day. That capacity would be increased to 250 tons for biodiesel production and add as many as 50 jobs, Michelex President Thomas Gramuglia said, adding the real benefit would be to farmers.
"I thought that the farmers in St. Lawrence County really needed to have a cash crop," Mr. Gramuglia said. "There's a lot of farmland that's not utilized right now."
The 250 tons per day of soybeans is enough to produce about three million gallons of biodiesel each year. With soy currently fetching $7 a bushel, Mr. Gramuglia estimated the plant would have to tap 90,000 acres, worth about $280 per acre.
"To the individual farmers in St. Lawrence County, that means $20 million total per year," he said.
Michelex plans eventually to produce 10 million gallons of fuel each year, which would require some 833 tons of soybeans each day. Currently, there are an estimated 600 to 800 acres of soybean crop in the county, though agencies like Cornell Cooperative Extension have worked to spark interest in recent years.
The company recently filed the preliminary application needed to make loan arrangements through the St. Lawrence County Industrial Development Agency, which can offer development incentives like tax-exempt financing and lower interest rates.
"I think it's significant in that they're two local businesses merging together and putting together their resources to create more jobs," said Raymond H. Fountain, chief executive officer of the IDA, which has offered initial support for the acquisition.
Mr. Gramuglia said he intended to acquire Ag Pro by the end of the year and hopes to be producing the first fuel from the plant by mid-2007. The industrial park is already targeted to be the site for an ethanol fuel processor that hopes to produce five million gallons a year.
"There's a lot of attention already. We've talked to several firms over the last few months," Mr. Fountain said.
Among the key factors are numerous federal and state tax breaks extended to alternative-fuel entrepreneurs and Massena's low-cost power, which plays an important role in production, he said.
Ag Pro began production of soy-based animal feed in 2002 after two decades of planning. In 2003 the plant went on a several-month hiatus owing to low demand and high bean prices.
A contractor sued the company in state Supreme Court for about $100,000 in unpaid bills in 2004. A countersuit demanded $250,000 from J.E. Sheehan Contracting Corp., Potsdam, for incomplete work. In 2005, HSBC Bank, Buffalo, filed suit for more than $1.2 million in outstanding loan payments, but the plant has remained in production.
"We've been under mutual discussion for a number of months," Mr. Gramuglia said.
A representative of Ag Pro did not return calls seeking comment.
Michelex, a manufacturer and distributor CD and DVD packaging, recently emerged from some financial troubles of its own when it settled a $3 million outstanding loan lawsuit in April.
By Shane M. Liebler
To see more of the Watertown Daily Times, or to subscribe to the newspaper, go
NOTE 9 - MANAGEMENT'S PLAN OF OPERATION AND GOING CONCERN MATTERS The Company has reported losses from operations for the last two years. In addition, the Company has a working capital deficiency, a deficiency in stockholders' equity and has been notified by its lender that it is in default of its credit facility. The Company has also not paid many of its other obligations in a timely manner.
During 2005 and 2006, we have made a significant effort to obtain additional financing. These financings have included the mortgaging of certain properties, the obtaining of additional lines of credit and the factoring of its receivables. We have also refinanced a number of its equipment and properties in what it believes will be beneficial to its future cash flow. In addition, a number of the debenture issuances have been converted into common stock.
The financial statements have been prepared assuming Company is able to continue as a going concern. The financial statements do not include any adjustments relating to the recoverability and classification of assets or liabilities that might be necessary should the Company be unable to continue as a going concern.
F-10
Posted by The Bigfoot on :
The quarterlies are out....time to put on the reading glasses.
Posted by tompom on :
the 10q doesnīt look too impressive but nobody expected that anyway however itīs a vital step toward the otcbb-listing and future revenues are the key points for this stock now letīs see what happens with this one
Posted by The Bigfoot on :
Agreed. There is a lot of uglyness in the 10Q's but anyone who didn't expect that of a company basically coming out of bankruptcy didn't know what they were getting into.
Here is what I like the most from the report: (December 2005/ September 2006)
I like the growth in cash - 16,217, 41,633
Accounts receivable - 650,471, 744,005
and *prepaid-expenses* - 301,245, 340,765
*which is important given the past problems of meeting obligations.
I also really like the large reduction in longterm debt.
Long-term debt less current maturities December 2005 - 4,058,125 (current portion of long term debt December 2005 - 1,666,310)
Total long term debt December 2005 = $5,724,435
Long-term debt less current maturities September 2006 - 2,052,500
Current portion of long-term debt September 2006- 565,258
Total long-term debt September 2006 = $2,617,758
Taking $3,106,677 off your long term debt in 9 months is pretty damn good. Some of that is loan forgiveness. Some of it is restructured financing. But if they can increase revenues which they do seem to be doing it creates a hole that is much easier to get out of.
Now we need a sign for the OTCBB exchange. All financials are current.
Posted by DDA on :
Bigfoot,
I follow you. Don't forget the bio fuel deal.
Posted by tompom on :
iīm sure we can expect some follow up pr for next letīs hope so...
Posted by The Bigfoot on :
Indeed,
The more info the better we do.
I may stop watching soon for the rest of today.
Seems there is very little buying action anywhere today. Monday will be the test.
BF
Posted by tompom on :
check out GLLC could be a hottie for next week
Posted by casviper on :
WTF!!!
Posted by tompom on :
i added at .031 this should bounce
Posted by casviper on :
I hope you're right. If you look at the chart since August it has been trending down. Every time it tried to move up it failed and continued its downward trend. I see no reason for this trend to stop and would not be surprised if we see subpenny before christmas. The only thing that I can see stopping this would be a move to BB and/or some investor making a multimillion share purchase.
Posted by The Bigfoot on :
btw- on the sho list again.
Posted by DDA on :
yep, i think some mm's are covering cheap
Posted by casviper on :
I guess by tomorrow we will be at our year low and if it breaks that then subpenny is a guarantee.
Posted by tompom on :
quote:Originally posted by casviper: I guess by tomorrow we will be at our year low and if it breaks that then subpenny is a guarantee.
your attitude is really annoying iīve noticed this on several stocks you played why donīt you just sell? if you canīt stand the heat GET OUT!!!
Posted by casviper on :
hey, when the glass is half empty its half empty. deal.
Posted by tompom on :
moving up...
Posted by casviper on :
see my negativity has moved the stock up. the glass is 3/4 empty... maybe this will push it to .50!!!!!!
Posted by The Bigfoot on :
Off the sho list today. Looks like our non-manipulated base rests around .04. Not bad but we need some new blood to sustain and some news to grow.
Posted by casviper on :
this stock is a huge disappointment. i'm beginning to think there is something behind the scenes that we don't know about. this stock was up more than double back when it had the problems we knew about.
Posted by The Bigfoot on :
Can't find any reasons for the drop yesterday other than that someone released a large position.
Gotta think it is temporary but agree that patience is hard right now.
Posted by DDA on :
This stock has been playing on my mind as well
Posted by The Bigfoot on :
Whoa! Just checked in. Up over 30% to .039.
Can't find any news. Anyone got a clue?
BF
Posted by casviper on :
I will grin when I see this at .07 I will smile when I see this at .15 I will jump for joy when I see this at .25 I will buy the first round when I see this at $1.00
Posted by The Bigfoot on :
LOL Glad to see you aren't asking too much there Cas.
.07? Absolutely. Don't know about the $1 though. hehe
Posted by emich25 on :
1.00 is very possible by mid jan maybe sooner...when they announce the investment bank that is backing this deal that is when this stock will move..then ag pro get aquired and the details are out on that. then the application to the county...then an update on sagoma aqusition which may happen by mid jan. approval of the bonds for 10million dollars by mid jan..the def 14c out by mid jan...the 15c filing this month. not to mention the democrates are in office so alternative fuels will be big and are just getting started. once they aquire ag pro there will be major newspapers and online article the loi got 3 articles when they start to build the bio disiel plant in new york the (mecca of the financial industry) buyers will scoop up this stock. plus remember that the float is 45 mil of which half is held by some solid investors...
Posted by casviper on :
emich please keep up these types of pep tlaks I like them. help keep me positive.
Posted by The Bigfoot on :
SB-2 filed.
Reading through it now.
Posted by The Bigfoot on :
This is going to take a while...
Posted by The Bigfoot on :
Honestly, there isn't much new in the SB-2 but it does further us down the path towards moving up to the OTCBB.
The paragraph below I thought worth highlighting.
quote: In July 2006, the Company entered into a Securities Purchase Agreement with several investors whereby the Company would issue an aggregate of $1,200,000 in 6% convertible secured notes and warrants to purchase up to 10,000,000 shares of the Companys common stock. The notes are due on July 28, 2009 and may be converted into common stock at any time prior to maturity at the option of the holder. The loan may be converted at a conversion price which is the lesser of $.20 or a discounted average trading price of the shares (the discount being dependent on the meeting of certain registration conditions). The holder is limited in the conversions prior to maturity date to the greater of $60,000 per calendar month or the average daily dollar volume calculated during the ten business days prior to conversion. In addition, the agreement puts limitations on certain types of transactions. In July 2006, the Company closed on the first portion of the notes aggregating $400,000. The Company will receive an additional $400,000 upon the filing of this Registration Statement and an additional $400,000 immediately after effectiveness.
Posted by The Bigfoot on :
I do believe we are begining to get a little momentum here boys. .035/.039 nothing but .039's so far.
BF
Posted by casviper on :
Ouch... What happened Big? Was there something in the SB-2 what wasn't positive?
Posted by DDA on :
on a volume of 186000 shares ... they're playing it
Posted by The Bigfoot on :
We're all over the board today.
Maybe some folks only looked far enough to see the 30mil share estimation and thought it was dilution without understanding the deal?
No clue. The loan is a good thing IMO. This is funding we are tking about which is a good thing, right? We need capital to get all these ideas off the ground. Plus, it gets us one step closer to being fully reported and back on the OTCBB.
BF
Posted by The Bigfoot on :
Less than that DDA. For the first 50k we were holding strong at .039!
Posted by The Bigfoot on :
If anybody is trying to play the bottom on this stock they are safe only so long as pressure stays off. When momo hits this stock moves fast and strong and those who weren't prepared are going to get royally screwed!
Posted by emich25 on :
Good deal. Shows Michelex ain't just blowing smoke. Also shows evidence that the possible merger with Sagoma Plastics is proceeding seriously.
Posted by emich25 on :
this stock will be huge in the weeks and months to come
Posted by The Bigfoot on :
It all hinges on the bonds. If Sunrise Securities gets them the funds and they are approved by St. Lawrence IDA....
It won't matter if the move to the OTC is sucessful. This stock will make a big move with or without it.
Posted by The Bigfoot on :
bump to keep it on the 10 day list
Posted by DDA on :
Good to see it back !
Posted by emich25 on :
nothing will really happen until 2007. michelex is in a decent posistion they should be getting ready to apply for the otc and should lower the authorized those things will help. also ag pro should be aquired soon and then there will be the application for the bonds...not bad...so the next two weeks shouldn't be that great but 07 should have us looking better. we should hear something about paying off wells fargo..they have untill the 24th paying them off is a big step...
Posted by The Bigfoot on :
It's alive...It's ALIVE!!!! OK...so at .035 maybe it is just wiggling it's finger...still good to see some life here as the New Year approaches.
Posted by The Bigfoot on :
Chart is starting to turn positive.
We may have a nice January run in store for us here. Keep an eye on it.
did anyone have a chance to read it and if so what did it say.
Posted by DDA on :
Bigfoot,
It must be the end of year festivities you had, the SB-2 was from December 4th. LOL
Current increase is (1) chart is ripe (2) news is coming.
Posted by DDA on :
Michelex Corp. Signs LOI Extension in Ag-Pro Bio-diesel Transaction via COMTEX
January 4, 2007
MASSENA, N.Y., Jan 4, 2007 (*********wire via COMTEX News Network) --
Michelex Corp. (Pink Sheets:MLXO) ("Michelex" or the "Company"), a plastic manufacturing company with its offices in Utah, and an audio record production group located in New York, announced today that it has signed an extension to the Letter of Intent to acquire Ag-Pro, Ltd. allowing it the extra time needed to raise additional capital to complete the Ag-Pro Bio-diesel transaction. If the transaction is completed, it will put the company in the emerging bio-diesel market in the U.S.
The Company is also very excited and proud to announce that all its obligations with Wells Fargo Business Credit ("WFBC") have been satisfied after a final payment in the sum of $256,874.80 that was made on December 15, 2006. WFBC, in an email to the company confirmed that once they received this final payment "it would clear the balance in full." As a result of the transaction, the company received an aggregate amount of $728,000.00 in debt reduction, which should allow the Company to achieve a profit in the fourth quarter of 2006.
Thomas Gramuglia, CEO and President of Michelex Corp, stated: "We hope that this ending of the WFBC chapter in the company's history will bring good fortunes for us in 2007."
Safe Harbor:
This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
Michelex Corp. Thomas Gramuglia (315) 769-6616 (C) Copyright 2006 *********wire, Inc. All rights reser
Posted by The Bigfoot on :
LMAO Are you serious? Oh man...
I should make it a rule not to post when I have an early morning.
Sorry bout that guys.
Happy to see that Wells Fargo is paid off but it seems some folks didn't like that PR much.
Posted by casviper on :
I'm I not understanding this correctly. I thought this was good news and since the pr the stock has plunged. What am I missing????
Posted by DDA on :
people are waiting to see the AS reduced (it's now at 1 billion - rumor has it it will go down to 300 million) + they wan't to see the biofuel deal finalized + OTCB
Posted by casviper on :
While I agree with you, I do remember last year this stock was at .10 a share with all its problems. I'm just trying to find some logic with why people bought then and not now.
Posted by casviper on :
also they stated that they may in fact have a profit for the fourth quarter.
Posted by DDA on :
+ MLXO has a history with deadlines (they always do what they promise, but it's sometimes taking longer)
Posted by The Bigfoot on :
Traders jumped out to play with other symbols now that they know signing is not emminent is my opinion.
Posted by The Bigfoot on :
Some nice fills coming in. Looks like we get another white candle today guys!
Posted by casviper on :
I wish they would give us some forward predictions so we could assess if this is undervalued, fairly valued or overvalued.
Posted by DDA on :
0.044
Posted by DDA on :
purchase Agro-Pro sell trans fat replacement soy oil sell biodiesle sell feed product to agriculture sell plastic products sell music profitability in the 4th qtr pay off NIR Sagoma merger share reduction OTCBB new IR firm investment bankers on board tax free bonds use family olive oil marketing contacts for soy oil distribution these are only a few of the things that we have to look forward too
Posted by casviper on :
I was hoping for some financial predictions.
Posted by DDA on :
If biodiesel they are talking $100 million (they = boards)
Posted by The Bigfoot on :
Lets hope it continues in one direction.... UP!
Posted by weatherbill on :
alot is happening with this in the next couple weeks......huge news expected of the non trans fat aquisition, move to OTCBB and reduction of shares.......this should be headed to above .30 if all gets out......IMO, this is gonna be like the XKEM run last summer.......non trans fat adds are all over the TV - just watched the BCS championship, florida and ohio state and Lays and Tostitos had tnon trans fat adds for their chips all over the TV tonight......this is gonna be hot!
Posted by The Bigfoot on :
.045/.05
Posted by The Bigfoot on :
.046/.0485
LOD .0475 HOD .05 Prev Close .047
volume 112,400
Posted by DDA on :
From HSM - Trader wants to the float count. I ansered. Don't know if you want, but if you like to :
Hey guys I was wondering if you would be so kind to send how many shares you hold in this company to an email adress i set up...mlxoshareholders*yahoo.com I want to get a sense of what the true float is. Once this info is compiled it will be shared with everyone that summits the info..please give the share number and just ur first name if you want to include your handle that is completely up to you...I will then send out the number of shares held and the number of shareholders that are holding them..I will not include peoples names...i only will use them so that i can keep everyone straight...I also will use the emails as a way to keep people updated with whatever i hear..understand this is completely voluntary and i have no intention of sharing each others info with anyone...i really think we are close and would like to know the real float per se..also i am not one to have that type of info posted on message boards as u may see on other boards where shareholder put what they are holding so everyone can see. i don't like that..if you do this please be hones this will be held in confidence...take care guy once again the email is
mlxoshareholders*yahoo.com
Posted by casviper on :
This stock is making no sense. The price was almost triple a year ago when it had all its problems. Because of this, I'm beginning to wonder if the company is doing something it shouldn't.
Posted by casviper on :
Where are all the cheerleaders. Down 20% and falling.
Posted by sidestyle on :
right here casviper...very excited about the next few weeks!!!
Posted by DDA on :
I'm here as well - lurking mode ...
Posted by casviper on :
Bush spoke last night about ethanol. This should move. If it doesn't after last night then I think this one might go into sub-penny and game over. We are off our 52 week low HOWEVER far from our 52 week high.
Posted by casviper on :
I just found out that we have a judgement against MLXO. I guess it explains the fall in stock price. I think this is about over. I can't see how this company will be able to raise capital to buy the ethonel company.
Posted by DDA on :
Michelex, Corp. Hires NY Investment Banking Firm JH Darbie & Co. Inc. to Complete the Purchase of AGPro Soybean Processing and Oil Assets as Well as to Fuel Anticipated Ramp Up in Business via COMTEX
January 25, 2007
MASSENA, N.Y., Jan 25, 2007 (*********wire via COMTEX News Network) --
Michelex Corp. (Pink Sheets:MLXO) ("Michelex" or the "Company"), a plastic manufacturing company with its offices in Utah, and an audio record production group located in New York announced today that it has signed an Exclusive Investment Banking agreement with JH Darbie, located 99 Wall Street New York, to arrange financing for up to $5 million, in order to consummate the purchase of the AGPro soybean crushing and soybean oil refining assets located at Massena, New York in St. Lawrence County. JH Darbie has stated several factors that lend insight toward their confidence in carrying out this raise, geared to enable Michelex to enter the rapidly growing soybean oil refining and processing business.
The soybean market has been bolstered primarily due to recent trans-fat replacement regulations, as well as momentum towards alternative fuel and increased demand for Bio-diesel. St. Lawrence County is an ideal location for operating a Soybean Processing Plant as it provides among the lowest electrical power cost in the country; St Lawrence County has readily available farmland, and enjoys proximity to the country's largest East Coast population. Thomas Gramuglia, Chief Executive Officer of Michelex also commented from its head quarters in Utah; "Sales in our plastics business continue to ramp up nicely now that we have eliminated our debt to Wells Fargo Business Credit. We are also excited about our Plastics' Business Outlook for 2007, and share JH Darbie's enthusiasm for value driven opportunities."
About JH Darbie & Co.
JH Darbie & Co. is a financial services firm specializing in private client services, investment banking, financial advisory, institutional investing, and corporate finance. Their network of over 5000 retail clients and numerous institutional investors in both the U.S. and overseas has placed JH Darbie under management of nearly $500M in assets. JH Darbie has over 30 professionals on staff as well as a network of professional and legal advisors with vast experience in all facets of corporate proceedings. Additionally, JH Darbie has a high tier Internet presence with an online trading platform for retail and institutional clientele.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks and uncertainties that may affect the operations, performance development and results of the Company's business include but are not limited to fluctuations in financial results, availability and customer acceptance of our products and services, the impact of competitive products, services and pricing, general market trends and conditions, and other risks detailed in the Company's SEC reports.
Michelex Corp. Thomas Gramuglia (315) 769-6616 (C) Copyright 2006 *********wire, Inc. All rights reserved.
Posted by casviper on :
I love it when I speak to soon and it works in the shareholders favor. What can I say now, maybe I can make this thing double.
Posted by casviper on :
so much for the high. i guess the next push will happen when the plant is purchased.
Posted by casviper on :
Does anyone have an idea how high this will go when the complete the purchase of the plant?
Posted by DDA on :
no way to tell - but should be ***********
Posted by casviper on :
This stock is having huge troubles going up. I'm beinging to think that there maybe dilution going on. If thats the case, this to will be worthless. Any ideas??
Posted by The Bigfoot on :
Call the TA. they will be able to tell you current o/s numbers. I sold my position in this one for a modest gain. (right before the bank news came out...lol... doh!)
Will be watching news. Big deal if they can pull off the acquisition.
Stock didn't trade to my expectations for last three months though so it is no longer in my reliable file.
GLTA! You got some real posibilities here and you may see me here again soon enough.
BF
Posted by casviper on :
I have a feeling this deal is not going to go through. The pps has been in a free fall for a week with no end in sight. Another down day and I think sub-penny is not out of the question. This is not how I thought this would go, oh well.
Posted by The Bigfoot on :
NEWS
quote: COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Michelex Corp. Announces Sales Increased 92 Percent in 1st Quarter 2007 vs. 1st Quarter 2006
MASSENA, N.Y., Apr 26, 2007 (*********wire via COMTEX) -- Michelex Corp. (Pink Sheets:MLXO) "Michelex" (or the "Company"), a plastic manufacturing company with its offices in Utah, and an audio record production group, announced today that sales have almost more than doubled for the 1st quarter 2007 in comparison to 1st quarter 2006. Last year the sales for January, February and March were $432,974.00 and in the same time frame for 2007, sales were $833,520.00. Management is confident that this trend will continue as the company continues to seek and expand its product lines in both the plastics and music divisions. The Company would like to reassure its investors that it is still moving forward with the potential acquisition with AgPro. Thomas Gramuglia, CEO of Michelex, recently returned from an overseas trip in which the company is in process of soliciting bids on equipment for the Biodiesel Production Plant which would yield a capacity of 200 tons per day. This solicitation of equipment also included Glycerine Purification and Concentration equipment (Capacity: 40 TPD), Glycerine Distillation and Refining (Capacity: 25 TPD) & Esterfication (Capacity: 10 TPD).
Thomas Gramuglia stated, "This European trip also proved to be very beneficial as cooperation and interest was formed with my family's olive oil business (Oliveri Oil, Italy). The Company will be able to utilize Oliveri's many years of expertise in developing edible oil products here in the states, with an emphasis on transfat free oils."
ABOUT MICHELEX
Michelex Plastics, founded in 1972, is a manufacturer/importer and distributor of C-Zero's, Cshells, Norelco Boxes, Jewel Boxes, DVD Boxes and other related specialty plastic products. The company has manufacturing facilities and distribution points in New York and Salt Lake City. The company employs people who are committed to the customers and to the operations of the business. Michelex offers a full range of products through its divisions to make it a one-stop shop for its customers.
Michele Audio - Audio duplication services and an exclusive rights holder of a large catalog of music and spoken word recordings.
Michelex Media Products - Producer, supplier and distributor of paper multimedia packaging products, also offering complete fulfillment services to its customers.
I'm in.
Posted by DDA on :
Michelex Corp. (OTC: MLXO) founded in 1972, is a manufacturer/importer and distributor of C-Zero's, Cshells, Norelco Boxes, Jewel Boxes, DVD Boxes and other related specialty plastic products. The company has manufacturing facilities and distribution points in New York and Salt Lake City. The company employs people who are committed to the customers and to the operations of the business. Michelex offers a full range of products through its divisions to make it a one-stop shop for its customers. Michele Audio - Audio duplication services and an exclusive rights holder of a large catalog of music and spoken word recordings. Michelex Media Products - Producer, supplier and distributor of paper multimedia packaging products, also offering complete fulfillment services to its customers. With 105.87 million shares outstanding and 15,843 shares declared short as of March 2007, there is a failure to deliver in shares of MLXO.
About **********
Posted by The Bigfoot on :
Hey DDA,
You beat me to it. LOL
We walk the line for a little bit here but the hills are just ahead IMO.
Posted by The Bigfoot on :
OS approximately 110mil with around 60 in the float.
Posted by The Bigfoot on :
Good base on L2's at .017
Folks are ready to enter the market.
Ask on L2's shows two MM's at .019
Next MM is at .03.
That'll change as we move up but it shows we are tight. Let it roll.
Posted by The Bigfoot on :
.018/.019
T sale at .019
Posted by The Bigfoot on :
.018/.0185
Posted by The Bigfoot on :
Seller in the market.
No news.
.017/.0175
Posted by The Bigfoot on :
Ugh,
.016/.017
Nevermind here. This one still needs a week to cook and get the seller out.
BF
Posted by The Bigfoot on :
Bounced off the .015 for the third time.
If we can stay away from the fifteen and begin to appreciate then we are within the criteria of a triple bottom which would indicate a rise to .028-.03 followed by a breakout.
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