MLON investors take notice

[Warren]

The following is from today's PR.

Dividends

Mellon Research is required to comply with both federal and state securities laws. These laws impose certain requirements relating to distributions or dividends to shareholders. These regulatory requirements apply to the shares of Wall Street Securities distributed to the Company's shareholders as a dividend. The shares of Wall Street Securities may not be traded in the public market until the Company satisfies such regulatory requirements. The Company is analyzing whether or not its business model of distributing shares of subsidiaries, such as Wall Street Securities, or other securities in its portfolio to its shareholders is feasible under present circumstances.

From what I am gathering the shares you got of WLSC should of been restricted and untradable. If so the SEC could force a buy back of these shares. They have no bid or ask so it would end up to be a reverse squeeze on any one who has sold them.

You might want to consider covering any sales of WLSC that you might have.

Comments welcome on this matter.

[Warren]

I will leave this pinned for a few days.

If you have sold of your dividend shares you might want to buy them back at the low prices now rather than chance being forced to buy in a run up.

If you know anybody that did sell you might want to pass the message.

I am not aware of how this is going to be handled, or the exact laws about the se spin offs, but I am sure that who ever has brought up the investigation is also going to be looking for satisfaction.

Just my opinions.

[lazerboy]

I don't know of anyone who recieved the DIVI SHARES.WHEN were they supposed to have been given to the shareholders? I did'nt, I'm still wondering where MLON is going to end up.I still own a LOT of shares,but I would loose more than I would make if I sold them,so there they sit.LZ

[Warren]

It was an older dividen given for share holders some time in the fall. It is the dividend the PR stated was supose to be restricted and it traded for over a penny a share when we first got it. IT closed today at .005 up from .001 . I am by no means suggesting this stock asa an investment, but if you sold your dividends for 2 or 3 cents a share you might want to play it safe and buy them back at .005 just in case.

If you own none then you have nothing to worry about.

[lazerboy]

I bought mlon back in DEC 04,have a lot of shares still.I'm curious where this will all end.

[ToddCT]

Wait until they file. I do have a feeling this is the same situation as what happened to UCAD with the SEC.

I bet there is a HUGE naked short and the MM's called the SEC and reported them to try to blow the company into bankrupsy. When they file, I do think they have profits and will move much higher, into high single digit penny's.

JMHO

T

[lazerboy]

hey Todd, I hope for the same results.as I'm holding a nice amount,even 1 cent would give me a REAL NICE BANKROLL.WISHING & HOPEING . lz