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Michelex Merges with Hindsight Records Business Wire - March 09, 2005 07:05
MASSENA, N.Y., Mar 09, 2005 (BUSINESS WIRE) -- Michelex Corporation ("Michelex") (OTCBB:MLXO) announces that it has completed the acquisition of Hindsight Records Inc ("Hindsight"), a Californian Corporation located in Massena, New York. Hindsight owns over 9,000 copyrights and masters, some of which are sold at Amazon.com and other stores nationally. Michelex acquired all of the capital stock of Hindsight in exchange for 100,000 shares of Michelex common stock and an $800,000 promissory note in favor of Hindsight selling stockholder and assumption of certain obligations of Hindsight under the convertible debentures in the aggregate principal amount of $1,000,000.
Thomas Gramuglia C.E.O of Michelex, states, "This acquisition fits right into the media division of Michelex and should help secure funding to continue operations and work on growth for the company."
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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if there is a seller, you'll get'em. I'm hoping there are none, from my calcualations, forward split should be in the float now.
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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Funny how years later you find yourself coming back to some of these companys. Now I like it. LOL
Would not the companys election to withdraw itself as a BDC, be considered a positive note, considering the reputation most OTC BDCs have ? http://www. sec.gov/Archives/edgar/data/1084263/000101376204001460/0001013762-04-001460-index.htm
-------------------- Bring me a shrubbery Posts: 69 | From: Maine | Registered: Jun 2004
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originally posted by keithsan: ------------------------------------------------------------------------ i think it'll hit nine quickly! ------------------------------------------------------------------------
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i'm holding, sitting at bottom now, or looks that way, waiting for that POP
Posts: 9110 | From: boston, ma | Registered: Jan 2004
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Been holding since last week. The analysis I got from another board argued this should be trading around 12 cents and will likely go over that in the run up.
Traded at 35 cents for some time.
Posts: 852 | From: Pacific Northwest | Registered: Jan 2005
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