Floyd, the new formula states it still has molly as an ingredient, but it is the WRONG type...the new molly is clear...the old was black. After quite a bit of back-and-forth between me and the lead chemist, it was finally determined the new formula (with the 'clear' molly) is unsuitable for lubing the flexshaft.
I think you already know all this, but didn't want someone to run down to the store, buy the lube that says it has molly, then burn up their flexshaft because it is the "new" (inneffective) molly.
CarveWright has the right kind of lube and for most folks, is their best bet to make sure they use the proper type.