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Author Topic: MLXO: News! and the next leg up
The Bigfoot
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volume was laughable today but we closed at .032.

That's something.

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The Bigfoot
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Bigfoot prediction...

Wednesday is a good day for MLXO.

http://stockcharts.com/h-sc/ui?s=mlxo#

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The Bigfoot
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Well that didn't go as expected...

Oh well.

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The Bigfoot
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Looks like we are going to close at .04.

Very nice!

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DDA
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yezzzzzzzzzzzzzzzzzzzzzz
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sidestyle
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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
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DDA
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agreed
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casviper
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what is wrong with this stock?
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The Bigfoot
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10KSB out!!!!!!!!!!!!!!!!!!!!!!!!!!!

Haven't had a chance to look at it yet

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casviper
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it can't be all that great. pps is down.
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emich25
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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...
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casviper
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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???
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emich25
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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
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sidestyle
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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.

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The Bigfoot
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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.



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The Bigfoot
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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

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The Bigfoot
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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

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DDA
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I think the quarter results will follow next. If they are good, this one will go ...
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test
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G_Ho
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quarterlies are soon!!!

best of luck guys

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Do you know what "nemesis" means? A righteous infliction of retribution manifested by an appropriate agent. Personified in this case by an 'orrible 'unt... me. -Brick Top

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DDA
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G Ho,

I read ye

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The Bigfoot
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Caught up in other things but still watching.

Getting some nice hits this morning. Someone prepping for the release?

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The Bigfoot
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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!

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tompom
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i´m in at .045
LET´S ROLL!!

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The Bigfoot
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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 = [Smile]

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tompom
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yes this should fly
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tompom
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.045x.048 now
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The Bigfoot
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Just bent the upper bolinger band at .046.

150k shares away from highest volume day in three months.

RSI climbing quick

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tompom
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.048x.049 now
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tompom
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.049x.05 now
picking up steam again...

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tompom
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.05x.051...
.051 is resistance, if we break that we should go much higher

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tompom
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allright!!
.053x.054
LET`S GOOOOOO

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tompom
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printing .055 now
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tompom
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.055x.057
weeeeeeeeeeeee

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matto
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lol you r not alone don't worry i am in with ya. adding a bit more on this dip!!!!!!!!!

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Trading is a blast!!

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