Exactly how does the adjustability work? I purchased one that looked exactly like this one, except for the little handle on the side, but nothing moved on it at all. I think that it is more for a personal size planner, and it was from "Reflections". The one from "Reflections" didn't say anything about being adjustable, or that it was for a personal planner. I saw a video where one was purchased that looked exactly like the one I had bought, but the person grabbed one of the set of holes and just slid them sideways. The holes on that one were black against the gold color. I forget where it was purchased. After seeing that, I grabbed that one I had purchased and tried to move the holes, but they were fused to the bottom. They are all six hole punches. I decided to take it back to "Michael's" and get a refund. This one that is being talked about by "Die Cuts with a View" in these reviews has some kind of lever on it that you pull sideways. I'm not sure how that would give me what I want in the way of hole placement. I'm very confused by these hole punches. I paid Twenty-Five (25.00) Dollars for the one I purchased but did not get back my full purchase price. These three hole punches look so much alike but you have to know exactly what you are buying. The word adjustable may not mean the same thing to different companies. I would appreciate if you would explain if there is adjustability to the holes themselves in addition to the lever. Thank you.