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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
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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!
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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
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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.
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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.
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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.
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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.
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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??
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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
-------------------- No longer eligible for government service due to lack of tax issues.
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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.
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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.
-------------------- No longer eligible for government service due to lack of tax issues.
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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.
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