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You did answer your own question 'Time will tell'.
There effectively is a reason for this behavior. Let's wait till the cat comes out of the bag.
Whoever is accumulating doesn't yet feel a rush to get shares (wait for them sitting at 36) or knows that a higher price represents to large a risk.
In the first case (no urgency) I assume he will put up his bid when he finds out (he obviously have info we do not) the AF or other important news will come.
'he doesn't even know what the real numbers will be until he's see's the final audit. OS is up yes it's higher people'
This is BS. It's up (that we all know) but reasonnably (my bet is 25,000,000 or less). I just do not know if this BS is coming from him or if you just made it up.
This being said, I agree that $4.40 PPS ( $ 110,000,000 MC) is ridicule, I think $1.40 PPS ($ 35,000,000) is on the high side short term but I also think that $0.36 PPS ($9,000,000) is on the low side.
I however would not buy either right now. This is still Veltex, this is still Matin and with this guy, everything is possible, bad news being something this guy has always been great at creating.
Hard to figure out what HE said and what YOU figure ??? Here is what I read and how it fits with what I heard myself (I do not pretend to KNOW but think I do somewhat)
- Audit will be out in a few weeks,
- yes we own BD operations
- we have some debt
- yes OS has gone up and
- numbers should be in line but it sounds like nothing to big
These do sound right (at least related to what I heard on my side).
- this audit will do anything people.
- Maybe a little jump from here to 44
- maybe then a huge sell off.
- I wouldn't buy anymore at this point.
These seem to be comments of yours.
- I know alot more but not sure what I should be saying.
That sounds like BS to me.
- He made sure I knew that the stock has almost doubled from a few months ago he was proud.
- He still doesn't get it.
As said earlier Matin is an incompetent business manager and that will not change over night. He neede and still needs help and that what some people are now bringning to him.
I cannot forget that Matin is the same person who wrote about one year ago that this is a stock to trade and current shareholders should sell them. How about that coming from someone who presumably can lead a publicly held corporation.
'How come only a couple of the larger shareholders are privvy to the audit or the context.'
FWIW my understanding is: because they decided to get involved, to meet Matin and to help him do what has to be done or get in serious trouble.
From what I heard they came to Matin with a positive, constructive attitude but also made him understand that time for lies and half-thruths was over.
Seems to me that not to many shares are being sold at current bid.
I suspect that it's because most of those (few) owning shares right now beleive, hope, think or know that their shares will soon be worth that much or much more.
Current accumulator(s) is/are not yet ready to bid higher to loosen up some shares. I suspect it's because they beleive/know they still have some time. The question seems to be how time before the cat comes out of the bag?
A number of trades making the PPS fluctuate are transactions worth less than $5. I wonder what that does mean?
12:58:14 PM Trade 0.0006 7500 ($4.50)
11:16:32 AM Trade 0.0007 818000
10:05:18 AM Trade 0.0006 5000 (first trade of the day $3.00)
Close last night 0.0007
Try to watch before 5 years. The audit will come (beleif based on current market activity) much much earlier than that.
I think its released will be close as soon as whoever keeps the bid at $0.36 will decide to go up somewhat.
I beleive (but do not know) that he/they know/s what's coming, he/they know/s they still have time to accumulate, and he/they will provoke sellers a little harder when he/they learn that the release of the audit is few days ahead.
I cannot see other reasons why for 2 weeks, the bid would stay at $0.36 almost all the time without any sign of life coming from the company.
You interpret the future projecting what did happen in the past. You however do not take into account that this stability of the market, following a missed target date is anything but business as usual.
Not that your opinion bother me whatsoever but having time, here is an answer to your post proving (once more) that you are quite affirmative qualifying subject you do not know about to start with.
It's not 5 it's 8 years (09-09-1999) I've own some shares in this outfit. I bought my first shares (40 based on actual) and paid as per today's $43.00 ... LOL! Those were the days.
It then became worthless and was forgotten for more than 2 years(when Matin went for a sojourn in BD). I then thru them in what I call my speculative portfolio telling myself it could one day be usufull as a capital loss. It stayed there and I forgot all about them.
It then came alive again a couple of years later and I started to average down and traded somewhat getting my current cost at below $0.60. This is still part of my speculative portfolio (5% or less of my total portfolio) with 3 other bets of mine. This is to play, trade and have fun (doing DD, talking to people, posting on boards, attending shareholder's meetings, ...), not risking money I cannot afford nor desire to loose but money can leave on the table hoping that one or some of them will offer interesting return in future. I however do not hold my breath.
On the otherhand, the 95% of my portfolio made of serious investments is something I manage seriously and I must say that (following a great luck when the market did crash in 2,000) things are going great up to now and that for years now.
Then do not worry about me. I do not pretend to know what will happen will VLXC (neighter do you) but I THINK that something good (but not as good as some expect) will soon happen with it.
By the way, my DD tells me that there are more than 20,000,000 out there (you are right) but less than 25,000,000 (you are wrong) ... unless RECENT acquisitions used some more share (I do not know that but doubt it)
As I said you may be right (past is on your side) but I beleive that, your post support my point. Doing the same as in the past (audits of some kind were released) is useless and would convince no one.
Doing it the right way is the only way ... whatever the story is, as long as there is a story to tell (I think the one or those buying at $0.36 right now think/know that a story ther is).
70 or 100 million sales, I do not think so.
20,000,000 only O/S I do not think so.
But what does it take to justify a market value of more than $10,000,000.
Whatever that is, I think we have that and probably more than that.
The step to go thru:
Put the real picture out, credibly and then outline a plan that the market can buy (that means insure that Matin is not THE ONLY person the market has to beleive).
This must be the most boring stock to follow. I think looking grass grow is orgasmic compared to that.
Let's get to June 29th (hopefully earlier if possible), see the reorganized financials and HOPEFULLY get info about where we are, where we intend to go, how and when.
The company has (for the moment at least) no more shares to issue, current revision forbids them to issue last quarter results, current shareholders do not feel selling at current PPS is worth it, potential byers obviously are not interested in this stock at current PPS (no volume) and the market doesn't have a clue what the risk and reward potential are.
Whatever the management is up to (I hope they're up to something) is the best kept secret in the world right now.
Those having negative views of the future for this stock may or not be right but we only will find out later.
First, there seems to be someone out there (may be few ones) who for reasons of theirs (personally I assume he/they know/s much more than we do) think that buying every share going around at $0.36 or so is worth doing it, even if AF have not been released. He/they thereby says that the company is worth more than that (that = probably + or - 25,000,000 shares at + or - $0.35)
Since tha audit is overdue (June 1), more than 300,000 shares were bought at this PPS or so. Why?
Second, If (as I was told) some large shareholders have decided to get Matin to behave and this guy finally understands that time has come to do it right, what would these people tell him? My view:
1- Forget about your 90 days commitment, finish your audit, have it certified and have your lawyer insure that everything, good or bad, is well covered.
2- Before you release it, considering your credibility, find customers who will accept to be quoted in your press release, certifying they are doing business with us.
3- To also address your credibility problem, get one or two reputed person to get to your BOD and get them to be quoted in your press release.
4- Be sure that the day you release our AF it's submitted to SEC and it shows on EDGAR.
We do not care how long it takes but a well built, credible package is required to have the market take us seriously. Only issuing an audit as you have promissed and/or done in the past would be useless, considering your credibility.
My view, FWIW!
Such a stock is a highly speculative bet and, contrary to an investment, it should be seen as something one plays with, trading it (if fluctuations do come) or keeping it with a long term objective if one feels future can be great (high risk, high reward potential).
I am of the second category (anyhow, trading isn't an alternative as of recently).
I think (but do not KNOW) the company effectively is working toward building something worth waiting for it, the way to to it is quite difficult (ADVC is a very small enterprise), financing of the projects they have (acquisitions) is complex considering their balance sheet and success cannot come fast in such an environment.
Only money one can afford to loose without to much pain should be placed in such a stock.
If the 'suspense is killing' you, may be you placed to much money on this horse???
If so, may be (your call) you reduce your position in this company so your risk is less stressful.
If audit there is to be hasn't been release, it must be worked on (that includes having all signatures on).
If I said the audit was completed (I may ???) I meant that the auditor has completed his mechanical work of producing it.
Following that, certification, legal input and completion of foot notes must be done before it can be released.
My understanding (FWIW) is that we are at this secand stage right now and no one can specifically forecast how long that will take, something Matin obviously didn't understand up to now.
As I said Matin is learning on the job ... still.
I agree that reliable is somewhat a subjective concept applied as I did.
However, the sources I refer to are people who do have some access to Matin but do not work for him or the company.
Reliable meant that, we traded info in the past about VLXC but also many other stocks (them of US companies and I of Canadian ones) we were interested in (in most case, at least in my case, I ended up not owning shares in the discussed companies).
Based on years of experience we consider each other as reliable and we generally have access to decision makers who we consider well informed.
This being said, note that I started my post by FWIW (For Whayever It's Worth) and remember we communicate anonymously on a message board, hopefully enjoying it but not betting the house on what we read herein.
Bottom line, my beleif is as follows:
VLXC has been a fun stock to PLAY with as a highly SPECULATIVE bet up to now, Matin has made an a.s of himself for years being incompetent, naive and lying along the way.
Thru hard work and lots of effort (remember he wasn't a competent business manager to start with but even him may endup learning from his errors) he built something (remains to be defined) now having a certain market value (hopefully more than $10,000,000).
More recently, having learn on the job somewhat, specific circumstances (requirement for financing among other factors) and direct pressure applied by large shareholders (1,000,000 + shares) did make him start to listen to his advisors and put in place procedures he should have had in place for years (financing by means other than issuing shares, audited financials, ...).
Sooner or later (current summer, hopefully current month) I beleive we effectively will see audited financials, we will find out what the business is all about (what, where, who) and our speculation will become more of in INVESTMENT than a bet.
Thereafter, on a more strategic basis (12 to 18 months),I wish (assuming the above to be) that Matin and his advisors will get a serious BOD in place, will split the BD and the NA operations, will report to SEC to finally get listed on a serious stock market.
On the other hand ... (I will let you play with this alternative if you want to).
Stand to be corrected but I do not think this is available, particularly considering that VLXC doesn't report to SEC (Even then, I doubt this info would be easyly accessible to all).
At least we are getting close to June 29th!
FWIW!
1- I know from a reliable source (2 as a matter of fact that an audit has been done. I do not know who the auditor is but I know people close to Matin do want to be sure that whenever audited financials will be released, whatever they show will be factual. That, with Matin (I assume now), must be like pulling theeths out of his mouth, relative to certain details he most likely has been hiding for months, even years.
2- I do not therefore know what it will say nor do I know if the story will be as great as some do hope for or just nice.
3- I hope (but do not know) the release will come before month end and sources do suggest that this is likely (do not read sure).
You can assume (it's your right) that we are in Matin's culture of business as usual but you cannot be affirmative that we are because you do not have proofs.
Current volumes and stability of PPS suggest that something different is going on this time.
May be ... may be not!
If so, it means that these 'Many' do beleive that an audit was performed even if it wasn't released by someone having Matin's credibility (or lack of).
Additionally these 'many' would accept that the audit will bring good news.
A lot of beleiving required.
What I think is there are no more 'Many' out there ... just a few large older and
That to me would be a surprise.
Let's face it, notwithstanding the fact that the promissed audit is 2 weeks late, something does keep the PPS at 36 or so.
Having a someone late audit is not a terrible sin in most case but it happening in Matin's context should have been disastrous and many would normally have sold their shares after a delay of 1 day, never mind 15!
Why aren't more shares being dumped?
Could it be that the very large majority of shares (I mean 90% +) are now concentrated in few hands, owned by some (few) knowing more than most?
Could the delay be enginneered so that more concentration could be acheived?
Whatever the case, my highly speculative few shares are not going to hit the market soon. As often said, I can wait and this is money I can afford to place in high risk - high potential mini-stocks.
Keep the hat but I expect to see (???) 23,000,000 more or less 500,000.
My bet!
An audit process has been executed (that I know) and for whatever reason (that I do not) it hasn't yet been completed all mandatory signatures still not being available (that I was told).
I however must note that even today buyers still do offer about $0.35 and sellers are not available under $0.36... for the moment at least.
I must not be the only victim of 'The joke' !!!
I honestly beleived that this time was the right one having done appropriate DD but I must admit that my faith is now eroding somewhat.
Those I did talk to were convinced that the ongoing audit process was real serious but (not having talk to them recently) I start to wonder if Matin hasn't fooled everyone once more.
I however (must be naive), based on what I had heard, that this round is the final one and a definite outcome (great or bad) will be created out of whatever it is has been going on recently.
I still beleive but this Matin is a real a.shole and whatever is ahead (if not desastrous), some BUSINESS PERSONS will have to get with him to get him to behave somewhat.
Let's see what the market says this week (I beleive 'the market' is right now of very few individuals, some jumping off the ship and very few (less than 5 probably) buying.
I do not think so. The sequence of events as we know them is as you suggest something déjà vu. However the market doesn't react as usual.
Since the deadline for the audit went by, about 200,000 shares were traded (40,000/day) and PPS remain quite stable ... up to now.
In the previous 'movie' PPS went down quite fast when deadlines were missed.
And a (few) buyer(s) seem(s) to buy everything that goes by at current PPS + or - a couple of pennies. This (these) person(s) must know something we do not or at least have resons to beleive that current PPS is still worth accumulating.
I am pretty sure that shares are getting concentrated in less and less hands every day.
I realy do not think so but the future may stuill prove me wrong.
I do not think anything wrong is going on now. However doing the right thing is not something is used to and those trying to get him to behave may need more time than Matin estimated 3.5 months ago.
Having been patient for close to 8 years, what is 8 days or 8 weeks more?
Assuming an audit has been (is being) done (and I think it's in the works), my suspiscion is that, once more, Questions do remain unanswered, Matin is reluctant to answer and/or whatever he says has to be verified. Verification must particularly be made on the BD operation and that may take longer than expected.
Reported audits as we've seen in the past (incomplete, unverified and disclaimed as such) will not make it this time.
Some, now circling Matin, want the audit to be complete, valid, verified and reportable. Whatever it says, they also will want to confirm a strategy to go from wherever we are, to a profitable future for all.
I beleive that the people in question look for a good completed job late more than they would have accepted another halfass kob à la Matin.
Finally, I beleive that the final phase of a 5 years manipulative behavior is going on and we will start discussing knowingly (90% + probability) or find out that this was somewhat of a scam (less than 10% probability). If so, a plan will be agrred upon to normalize the situation as fast as possible (better than loosing it all).
In any case, I think that till something (news) is reported, what we already saw (stable PPS notwithstanding the delay) will keep going on.
1- 'However, could come out Friday after close'
No way. That would be foolish and those now around Matin would not let that be done.
2- 'The stock will continue to drop and this time below 0.15 if no announcement'
The stock will not go down rapidly considering my beleif that shares are now very much concentrared in few relatively well informed hands.
Announcement there will be. Either the audit will be issued or legal actions will force announcments of some kind. I bet on the first hypothesis.
3- 'Matin probably can't find anyone to sign the AF.'
That would not surprise me. Matin probably is reluctant (as opposed to refusing this time) to finally ANSWER ALL QUESTIONS but I beleive that he will have no choice. Large, serious shareholders seem to have decided to corner him and he should have to s.it or get off the pot.
We shall see.
Till the reviewed financials are filed (presumably on or before June 29th) I do not expect to see much activity (PPS fluctuations being meaningless and generated by very small volumes).
Thereafter (few weeks probably) I expect to see a news release which will have a serious positive impact on the PPS.
My beleif (and I may be full of it) is that the ongoing financial review was imposed by a financial organization thru which ADVC want to refinance the company (large accumulated loss), thereby getting the means to acquire something.
I suspect that financing issues have caused the very long delay in the plan to acquire something, has forced the management to moderate their ambitions (acquiring multiple companies worth multiples of what ADVC is) and go step by step (last NR mentionned smaller ambitions) and it forced the management to cleanup their books and restructure their finances.
That cannot be done as fast as initially expected but I think the last NR meant that progress is being made.
We shall see ???
Not realy excited but I like what seems to be going on.
No one knows how long the wait will be but since Matin once more gave a date for an audit to be released, nothing came out and that's after 3 full months.
It's obviously not business as usual. Something or someone caused Matin to stop issuing releases which had no credibility whatsoever anyhow.
It seems logical to me (putting the word logical and VLXC side by side is new to me) to assume that under pressure from some serious shareholders, Matin figured out that time has come to start behaving as the leader of a publicly held company should.
If so, whenever possible, the company should start coming out by outlining gradually what the real situation is all about then gradually work toward becoming a credible outfit one may want to invest in.
Matin having a lot of shares obviously, he must want to see them valued at least as much as all of us. For that to be, he knows he will have to be truthful with the market. I assume he will do it whenever he can without exposing himself under the law or when someone will be powerful enough to force him to behave.
I beleive that a combination of both these situations (possibility to behave and external pressure) is behind whatever is now going on.
How long will it take to secure a complete, honest and verified public reporting? All we know is more than 3 months were required but we do not know how much longer it will take.
I however beleive that it's a question of days (at most weeks) before the process of becoming transparent will start.
Let's see!
Very calm right now (Last transaction: $0.37, Day Volume: 12,100)
Could that be the calm before the storm ???
'Your just another stock holder trying to make a buck.'
That's the most interresting insult I read in a long time (LOL! LOL!).
Can you beleive a stock holder trying to make a buck ???
Here is what could be going on with this stiock right now (but who knows?)
- 3 months without a word from the company. Last release was 3 months ago (Mar 9 2007: Veltex Corp. Signs Chinese Contracts For Textile Mall).
- Late audit (6 days and keep counting)
- No move worth mentionning in the PPS and relatively small volume since the deadline for the audit went by.
One must wonder why?
1- I think there are few shareholders left out there, most do know (or think they do) that something good is cooking behind the doors (they do not sell), but they do not know how good it will be (they do not buy anymore).
2- Those on the sidelines, many wanting to buy but not at current PPS, try (posting negative messages as an example) to scare people into selling (thereby getting the PPS down to an acceptable level) but there are not enough uninformed (???)shareholders left to scare away.
The question:
How long will that go?
Seems pretty obvious that people are just waiting, sellers hoping for better than $0.37, and buyer scared to bet more than that right now.Something will soon give.
'Buyers, no sellers, uptrend, on NO NEWS'
Let me put it another way:
'Buyers, no sellers, uptrend, on PROMISSED NEWS NOT DELIVERED.
Not that I necessarely want to join the POM-POM's team but your question being valid:
('Where are all those high rollers that were going to put on all that pressure if the audit deadline was passed with no audit. I don't see an audit nor is there any sign of any big money boys. The deadline has passed.')
Another one should come to mind also:
This (No audit, no O/S) being true, why isn't the PPS going down and why is the volume relatively small since the deadline went by?
I obviously do not KNOW but I beleive it's because many KNOW or HOPE the release is just late but it will soon show up.
Till then, and for some time still, I BELEIVE that the PPS will remain relatively stable and the current shareholders will sit on their shares till buyers will offer them even more than current PPS.
We shall soon see.
Obviously but somehow, the buyer(s) seem(s) to have to run after the sellers RECENTLY. That may be justified by someone knowing that buying now is good even at 0.0008.
I however do not say it's why the PPS went from a low of 0.0005 on friday to a high (close) of 0.0008 yesterday. I just wonder why?
As of the closing yesterday, the company is only worth (market value or capitalization) about $4,000,000 (5,000,000,000 X $0.0008). It doesn't take much of a business to justify that ... or better.
THE ISSUE right now is that, for whatever reason, the company doesn't communicate much about what is going on or not behind the doors. The May 23dr Nr (Advanced Communications to Restate Historical Financial Statements with Reclassified Preferred Stock and Reaffirms Active Acquisition Negotiations) probably justifies that but, if accurate this time (???) the situation should be resolved within the next few weeks ('The Company anticipates that amended filings will be made with the SEC by the end of June 2007.).
QUESTION: Could this review (restate historical quarterly and annual financial statements for periods subsequent to, and including, June 2004, to reclassify its three issues of convertible preferred stock from stockholders' equity to liabilities.') be part of the company's work toward executing' its strategy to make multiple acquisitions of leading companies in the reverse logistics industry.'
I BELEIVE it could be but I obviously do not KNOW. I found interesting the fact that the company included both topics (reclassification and acquisitions plan) in the same NR ???
We shall see within few month I THINK ???
I do not know who is selling (I beleive the company doesn't have anymore shares to issue) but some buyers out there seem to beleive that buying right now even at 0.0008 is a good move:
3:52:02 PM Trade 0.0008 8000000 ($6,400)
I have been around a lot but I must admit that the current activity (volume & PPS), considering the context (late audit), does surprise me.
It seems that few shares are being offered and some are willing to take whatever comes around at a relatively high PPS (relative to what it was a few weeks ago).
One could interpret that as the sign that something good is boiling out there and for once it smells good.