Michelex Corporation (PINK:MLXO) dropped down by 23.02% on a volume of 5.6 million shares. The stock price stopped at $0.0097 per share.
On Oct. 19, MLXO announced that its wholly owned subsidiary, Pristine Pharma Corporation, had started deliveries of OTC pharmaceutical products to its customers who are export distributors. This publication, unfortunately, has not been officially confirmed yet by a an 8-K form. Many investors, however, didn’t consider that an official confirmation is necessary and went…