Veltex Corporation (VLXC)

[notanindex]

right here, right now, you are probably buying at the current value with no credit for the next phase, no credit for material growth whatsoever and definitely no credit for the loss asset.

[notanindex]

Too funny that we are at these levels again. Such, IMO, a raging buy. Think at a minimum could be a ten-bagger before the end of the year. Assuming they issue some PRs over the next two Qs showing growth in rev and beds and future growth of beds

[notanindex]

Lest you forget, VLXC Rehab has the backing of the WV government so:

https://www.wvpublic.org/health-science/2023-01-18/west-virginia-receives-83-million-opioid-settlement-from-walgreens

[notanindex]

the seller is such a dipshit. shows size at 38, trades at 37 and pulls his/her offer

[notanindex]

good riddance

[TheMikester]

Big time sellers return today.

[notanindex]

it's $425

[ATorMD]

I’m hearing they’re now up to 10 patients. Even at an average of $325 per day that’s $97K per month.. their overhead can’t be that high especially since they own the building.. this is shaping up to be a very good story in my opinion.

[TheMikester]

They showed 400,000 for sale Then used a market order to wipe the book. WTH

[notanindex]

either this person is the worst trader or it is someone trying to push the price down. showing 92k down here and then immediately pulling it. too bad the SEC doesn't pay attention to stocks like this - seems like clear manipulation

[notanindex]

well whatever the motivation our seller clearly needs out before YE. DOn't get in a tizzy Buy in the teens when this guy finally dies

[notanindex]

not just that I believe they are the only woman-only and given addicts' behavior in general should make it much more desirable.

[V Investor]

More should be added this week. Break even is 11. By spring should be up to 50 or more. Nicest facility in the state.

[notanindex]

yes better to have 4 unhappy patients bad mouthing the facility if things are working and running smoothly while they iron things out

[V Investor]

4 patients as of the meeting. Going slow to get it right. By Q3/4 of 2023 there will be 108+

[jasper89]

Mikester, I added right after that no one knows how many people were in out patient, that it was a joke. Let’s move on to bigger things in ‘23!

[TheMikester]

Jasper, I said it must have been a bad meeting with the stock freefall right after the meeting. You are the one who recently posted that they have only 1 or 2 patients, You said that. Wheres your facts? You screem out fraud in the financials with that kind of whatever. You spreed negative crap then look at someone who simply makes a suggestion as "a bad person". So I dont need you preaching to me.

[jasper89]

Mikester, that is a bad statement to make, unless you have facts? They just announced the opening of in-patient and the beginning of expansion and revenue growth, why would they say anything less at the meeting? Things look great going forward IMO. The stock has a better chance of going up next year as revenue data comes out.

[notanindex]

I was not there but I can assure you what you are saying is a complete falsehood and can get you in trouble for spreading lies

[TheMikester]

That meeting must have been pure hell. Knocked 20% off the top and no bids remain now on the books. $16 million in market cap today alone !!!!!

[notanindex]

again unless you are looking to raise cash, who cares. The exit will be a buyout or something along those lines and probably at many multiples above these levels

[TheMikester]

The selling is relentless.

[notanindex]

just noticed today that on this site they show the float at 52 ml. the float is in fact closer to 3.1 ml. Big difference not sure where this site gets its info from. And it matters because if I was buying I would think there are a ton of shares available to buy

[TheMikester]

Notanindex you are 100% correct. Every time a bid comes in 400,000 shows on the offer. These MMS arnt stupid giving money away. The stupid one is the seller. Really stupid.

[jasper89]

I don't agree...a MM's job is to provide a fair and orderly market. Nothing fair about this bid/ask, even if there is a seller.

[notanindex]

not sure that is 100% true of the situation. The MMs see this large seller putting his crap out there and the large buyer isn't willing to step-up seeing how desperate the seller is. The seller is clearly an amateur and so impossible to maintain an orderly market with that guy around. And new potential buyers, and I am fairly confident there are some new eyes, wonder what they're missing that someone is willing to sell size here. The reality is this tool probably bought at $0.15 or so and willing to take a small multiple bagger not realizing if he had never shown his offer post the PR he probably could have had a ten bagger

[jasper89]

when market makers make a tighter market, they are advertising to the public that the store is open, you can execute at good prices, and they want your business. When MM's make wide markets, they are saying, we are open but you can't execute at good prices, we are not that interested in your business. We have a .40 stock and the mkt has been .10-.20 wide., they don't want any business. Tell me again why we bumped up to OTC QB? These guys are pathetic and should be fired. Tell me I am wrong. We have a company with great fundamentals and we get this? We are never gonna get any players when they see this behavior.

[jasper89]

Sweet, need the fuel (volume) to build for the rocket to blast off.

[notanindex]

great action this afternoon. the funny thing is they are showing almost all the volume as sells but if you actually followed the way the trades took place that is far form the case. Anyway just fun to watch.

[jasper89]

We could only hope. Its not likely cause that would probably mean there isn't much of an offer, and one buyer could move this up, but the MM's and any possible real buyers know the order is still around, and not trying to move it up. Its a real shame that aside from this seller, me thinks there are other forces that DON'T want this stock up. So easy to see. Someone has to say it.

[notanindex]

looks like our genius seller finally pulled their offer. you should just disappear until the next time there is an update enow because you really screwed the pooch

[notanindex]

like I have said many times - unless you want to sell it undervalued the exit is sale of the company. Or they begin rolling up peers which will force the value to a more appropriate level.

[jasper89]

ya, but this dumb seller is big and has kept a lid on this no matter the news for months. Buyers where art thou.

[notanindex]

see how dumb this seller is. The bidder dropped off knowing how uninformed this seller is and figures he can buy more lower because this seller has shown his cards.

[notanindex]

I don’t blame someone for selling never know what there needs are. But I do hate amateurs trading. If he just pulled his offer for a time this thing would not only climb but volume will increase as it climbs. Just very uninformed trading.

[notanindex]

I don’t blame someone for selling never know what there needs are. But I do hate amateurs trading. If he just pulled his offer for a time this thing would not only climb but volume will increase as it climbs. Just very uninformed trading.

[ATorMD]

Yeah, clearly a tool.. who would sell at this point.

[notanindex]

that's a good question - I wonder why we have not seen an increase and an uptick in quality of market makers

[jasper89]

it seems the upgrade to OTC QB hasn't produced any change?...still wide mkts and low volumes.

[notanindex]

our seller constantly astounds me. He manages to crush any rally with his lack of patience and lack of trading skills.

[notanindex]

screw him - he will pay for not covering this before they showed what they have been doing. And I know mentally it was painful for some that wanted constant updates but reality is they released info when it was appropriate and relevant and now look at what they have delivered.

[jasper89]

can the BOD's invite the short to the annual meeting please?

[ATorMD]

I missed that in the PR but that’s some amazing info. It’s actually pretty incredible that this BOD have had the patience and belief to see this through. Very impressive but at the end of the day all success comes from relentless perseverance. I’m grateful that’s for sure..

[notanindex]

have a feeling our short friend is in separation mode. Hitting that bid to keep this from running away

[jasper89]

great V investor and lets add comments also.

[V Investor]

Check it out! Reddit post. Give this a thumbs up everyone!

https://www.reddit.com/r/pennystocks/comments/z6evo1/big_news_for_veltex_corp_vlxc/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

[notanindex]

deifintely seems like this is someone with a decent size position that needs cash. Their strategy in the past was not horrible given the lack f concrete info. But now that you have such solid numbers to work with their strategy is moronic.

[jasper89]

We are seeing a little pick up in buy volume post PR, lifts one spirits . Any thoughts on whether this is a long with a big position just wanting out on any upticks or a short building a position and now having to defend it again?

[notanindex]

Whoever this seller is is the most amateurish trader I have ever seen. Even if they are desperate for cash if they had just stepped out of the way for a whole, they would have been able to sell at much higher levels in my opinion.

[TheMikester]

This could be the largest facility in the state quickly they way things are moving. Very conservative BOD also makes this interesting. The BOD also has put there money where their mouth is on this one.