-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
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.
Posts: 806 | From: CT | Registered: Dec 2005
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Expecting those filings late this week or sometime next.
Waiting for the ride to begin.
BF
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
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...
Posts: 357 | Registered: Oct 2005
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posted
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...
Posts: 806 | From: CT | Registered: Dec 2005
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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
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
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...
Posts: 357 | Registered: Oct 2005
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posted
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.
Posts: 806 | From: CT | Registered: Dec 2005
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posted
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.
Posts: 357 | Registered: Oct 2005
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posted
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
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
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!
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
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
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
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
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
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
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
We are holding nicely in the .049 range. Can't wait for movement in the next few days.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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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
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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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
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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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.
-------------------- No longer eligible for government service due to lack of tax issues. Posts: 5178 | From: Up North | Registered: Dec 2005
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posted
I am putting this stock on my styt list. I will remove it from my list once we have a pr that makes sense.
Posts: 806 | From: CT | Registered: Dec 2005
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