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I agree... THE e-mail by itself is not A reason to worry but added to multiple unanswered interrogations, unverifiable information, hard to beleive acheivements and DD ending up in dead ends, I now feel the odds to be to big to keep as committed as I was.
You have to remember my single most important reason to keep my speculation on the table.
Seriously and very honestly (after all I still am in) I hope to be wrong.
Roger
Not to alarm anyone, there may be a good reason for it but after multiple exchanges of e-mail with V.Duff at
Veltex Victoria Duff
E-mail Address(es):
vduff@speakeasy.net
Trying (twice) to contact her again today i received the following:
"This Message was undeliverable due to the following reason:
Your message was not delivered because the return address was refused."
My e-mail address is right and our last exchanges were cordial...
I wonder whay that is???
Roger
If the TG is who I think you refer to, I have put this person on ignore the second or third day he started posting his garbage on the other board. I however (unfortunately) read thru the answers some feel appropriate to write.
I understand what you say, respect it but, in all due respect disagree with your analysis.
Never mind the shareholders like you and I, the company not doing the maximum to get better value for THEIR SHARES doesn<t make sense to me.
They gave all the coordinates of their directly involved partners (OTC, V.Duff, MM, Go Vacations, ...) and did not seem concern about doing it. I sincerely do not understand why they resist giving out those of the only important "partner" or "service supplier" relative to hagiven more value to the ressources (share) they used.
Sorry, but that makes no sense to a business person having be 33 years in the business domain.
Respecfully,
Roger
Thanks for your effort. That's what I call a usefull message.
Best of luck in your search
Roger
Thanks and same from me to you.
Roger
All we could ask is: "Are you mandated by Veltex to audit their books?". You may even ask in what timeframe their report can be expected".
As a matter of fact, you should not even have to ask. A joint release BY BOTH PARTIES would be very appropriate:
"The XYZ audit firm and Veltex confirmed that they entered in an agreement aim at regularizing the situation of Veltex by producing audited financials to be used in reporting normally to SEC"
Matin declared: "We will start our United States audit with
firm XYZ in the first quarter of 2003. Once that is complete, we will become fully reporting to the Securities and Exchange Commission, and move to the appropriate stock exchange." (Dec.2,2002)
Mr Matin continued: "While I was in Bangladesh building the revenue producing base for Veltex Corporation, I am sorry to say our efforts to get information out to the shareholders and public were simply not good enough. This resulted in a decline in the stock price and the stock remained neglected for two years" (Nov 21,2002)
Note: In this Nov 21 release, Matin mentionned that he ha hire an IR firm. Since he named the firm and to my knowledge their telephone lines are not jammed...
Roger
Now you are right, partially.
This being totally speculative, I have days I feel good about it (releases, answers received from questions to the company,...) and days I realy wonder if this is not another scam (I already lived thru a few in the past.
I never pump the company (how could I not KNOWING) neighter do I say it's a scam (even if it could be).
I share my views, negative and positives, and look for opinions from others, trying to get feedback.
What else do you expect from an honest contributor to these boards, considering the state of the company?
Roger
You should not trust anything you read on these boards anyhow. These boards are very usefull to help you do your own DD, using means suggested by involved contributor. The rest is for the fun of exchanging ideas.
For the record, I am an "investor" who allocates 5 to 8% of his portfolio to speculative stocks presenting high risk on one hand and great potential on the other.
In this part of my activity, I stay up to when the situation unfolds, one way or the other. I have lost some, I have won some and some others went from the speculation part of my portfolio to the investment section.
FWIW, your beleif that I have ulterior motives are completely wrong. I however recognise your right to beleive it.
Roger
I certainly agree that you can still speak up when something doesn't feel right to you. A s matter of fact That's what I hope we all do in here.
What troubles me however is the certitude that those promoting the scam scenario contributes absolutely no evidence that there theory is valid (except raising ghost of 1999) and those wanting to beleive in this speculation demonstrate reluctance to get, one way or the other access to FACTS independanly verifyable.
I also made relevant contacts and, at the risk of being naive, have come to the conclusion that V.Duff in particular has verifyable credentials (assuming internet to be credible in some cases). This is by far the most important reason for me to keep my position at the present time.
As for the others, it is very difficult to do such research. As an example, following yesterday's release (still do not know its justification since OTC was involved before) I seached credentials for Stephen Taylor or Mark Suleman (OTC Live inc) but found nothing...again. Calling them personally would be useless. What do you expect calling them, they are part of and directly involved in the story.
I have no doubts whatesoever that a company does exist but I look for confirmation that what it says it is realy is, at least partially.
If someone searches DOT to validate that the transport section (critical) does exist, it seems very appropriate to me. If someone wants to find out from a neighbor what activities they see, if any, at the Veltex' offices, it seems to me quite relevant.
Why then do some people try to make such DD activities irrelevant.
If the company, as busy as they may be, was helping some more, we would not have to do a detective's job to try to figure out what is realy going on. Additionally, this attitude certainly help yhem obtain more (services or $$$) for the shares they are issuing.
You write: "I am beyond the stage of questioning whether or not the offices are really there." So am I. What I want to know is what is going on in these offices.
We may have a couple of months to wait to find out what our shares are realy worth but till then trying to get validated information is very appropriate whatever the non-illegal way of getting to it.
Peace!
Roger
Quite disappointed...I seriously start to wonder why you always find a way to justify the current lack of verifyable info offered by the company.
We both know this is a high risk speculation but after 6 months of wonderfull announcements by the company, we still have no way to verify if this company is or not for real, from an independant source.
The azzholes on the other board certainly did not justify their thesis of a scam...granted but let's be honest, we have not get much more to justify faith in the company.
Roger
That's the problem with this speculation. The info you get cannot be verified by any INDEPENDANT source (an reputed auditing firm as an example).
And the often said BS about not giving it to prevent millions of calls to the said firm if identified is just that BS...
Roger
With all due respect that was a pretty dumb answer to someone trying to obtain some kind of independent verification thru appropriate dd.
Roger
I certainly agree that we are free to buy, sell or hold whatever speculative dollars we decide to put therein or not.
This being said, trying to better justify whatever you did or plan to do, getting as objective, independant and reliable information as possible remains critical if you "play" the market or try to decide if you should or not.
Today's release is particularly interesting considering the following:
"Based on initial discussions with Veltex's Chairman and CEO, Javeed Matin, VLVT appears to be a true diamond in the rough, emerging growth company. I have spoken with a majority of the senior management and have become very interested in all aspects
of the company, especially the trucking division."
Quite an interesting statement and an additional player committing himself and claiming to have had access to reassuring information from those managing the company.
However, it is also important to note the disclaimer of OTC live, reading:
"The Publisher, its affiliates, officers, directors, subsidiaries and agents (collectively, the "Publisher") of this advertisement may have been compensated by the Companies advertising herein, which compensation may include shares of stock in the Company. This would create an INHERENT CONFLICT OF INTEREST and the Publisher would therefore benefit from any increase in share price of any Company(s) advertising herein which is held by the Publisher."
Again, I beleive that short of having access to audited financials approved by credible auditors, we will have to wait to find out if this "true diamond in the rough" realy is...
Roger
Let me express one wish.
Could Matin thru our PR firm, invite a reputed financial journalist, put his story out (the one outlined in recent releases) and give him whatever details would be needed for the journalist to be convinced enough to produce an article in his newspaper.
I tought about that reading that the company (Andy Fridel) will have a booth at PPAI Expo this week.
Roger
To be honest, what I want is irrelevant. What I would like to see is what I refered to.
I agree 100% that additional releases by the company would be meaningless if it doesn't offer possibilities to check from other sources that, whatever they do, it is for real...as per available confirmations by third parties (suppliers, customers, analysts, medias, ...).
This being said, I repeat that we most likely will only find out what this is all about, whenever the company issues credibly audited financials and the name of the firm that did it.
My point was that I do not like "excuses" put out every time someone ask for some details. Many valid questions have been raised over the last few months (granted generally by non beleivers) and there is always someone to protect the management in what I consider quite childish excuses (They are busy, I prefer them to grow the business instead of loosing time generating answers, They have more business than they can handle then why get listed ...)
For me this is still a pure speculation and all we have is some great developments announced by a company that barely exist officially. Past releases all lack verifyable details as discussed many times within the last months.
I did contact the company (V.Duff) multiple times and received polite and very kind an appropriate answers every time.
V.Duff is the only person around I was able to check somewhat (her CV is quite detailled on internet).
This being said, the last time I lost my bet (Consygen), there was also a credible player in the scheme (as we say in french cat burnt by hot water once, worries about cold water).
Anyhow, very simply, by April one the latest, we either have all the answers we want or we save whatever we can, assuming there will remain something to save.
Till then, let us hope ...
Roger
No problem. It's nice to be able to disagree without behaving in an RB board style.
Roger
I do not have anything against finding excuses for the company having no time ti inform us in the fullest possible way. The "spending their time on more important activities" and "using their ressources in more critical operations" excuses are often quoted as justification for our "busy" management team not to work more toward greater transparency.
However, talking to neighbors in an honest effort to add to your DD doesn't seem inappropriate whatesoever.
As an example, I am looking for a new house and visiting some that are on sale. Whenever one is interesting, I go to talk with neighbors to find out whatever I can that those living in the area can offer. What's the problem?
One thing that renders that speculation risky is the lack of access to reliable secondary sources of information. All we can seem to be able to find comes from those having direct personnal interest in whatever that is (A message board in not what I call reliable source).
I must say that using an argument such as "good neighbor relations" to suggest that what has been proposed is inappropriate is, to say the least, surprising???
I couldn't care less about what some stupid individuals post on the other board but I seriously wonder if some other are not unduly excusing and defending a management team that behaves in a way justifying doubts, presumably being to busy to support the value of their stock at a time where it is being "spend" or "sold" by the company.
With all due respect, this answer went overboard and justified even more my reluctance to give value to anything written on message boards.
However, I still beleive that these boards are usefull, whenever someone points at findings we can also get to, other than those released by the company itself.
Look forward to see what this activity tells us...
Roger
Looking forward to see what you get.
Shrotker's effort is also interesting. Hope to ear from him also.
Roger
Very interesting discussion herein. Thanks to all.
As mentionned, we find small bits of very vague and confusing information and we have big questions that we cannot get answers to. This is what speculation is all about. It's based on faith and doubts instead of knowledge and quasi-certitudes.
This is a speculative situation and everything, from the worst to the best, is actually possible. You either "try" to beleive or "try" to not beleive. In both case, you do not realy know.
This being said, either our management team is very smart and will very soon reveal itself to be outstanding or they are a bunch of theifs also being very smart in plotting their coup... Nothing in between.
For the moment, I do not understand what is going on, and that is far from being comfortable. We either made a good "bet" or we've been had by great con artists doing it twice.
In September 99, I bought 4000 shares at 43 cents and thereafter forgot about them when it seemed a total loss (except they kept showing up in my monthly report at $0.0001).
Seeing a move in this monthly report in October 2002 and reading that there was apparent positive activity going on, I decided to average down to 9 cents by adding 26,000 shares, using cash I had in my "speculative portfolio ... just in case (Easier to breack even at 9 cents than at 43 cents !!!).
Since then, notwithstanding the garbage written by some, I concluded that loosing $3000 (all invested since the beginning) or $2000 (assuming I dump all my shares now)would not change my life one way or the other. On the other hand, if that "dream" comes true, it could bring additional fun in my life.
Therefore, I stay, wait and hope even if I understand that this represents a very high risk of loosing a little amount.
If this turns out to be a scam, I will have been had another time by beleiving a reputed person can share in a scam for few $$$.
I have lived thru both scenarios (good and bad ones) in the past. I wasn't dumb thru the first (bad) example and do not claim to have been smart in the second (great) one. I just "gambled" both times money I could afford to loose. I pulled a bad hand in one case and a great one in the other.
Those having been involved in ConSygen a couple of years ago know what I am refering to as a bad case.
Presumably credible people, great business plan, great news releases and NORMALLY REPORTING COMPANY. Then big puff of smoke ??? This drama did unfold over a period of years. When in goes that long you run the risk of adding to your position with time... Very bad ... (I did).
On the other hand, I also lived thru a situation having the same confusing appearance (credible people, great business plan, great news releases and quasi-startup having plenty of excuses to dilute, spend and foresee great financials). I bought (BET) 1500 shares at $1.65 (cdn) 0n Jan 26th,2000 and sold at $18.50 on March 14th of the same year (At some point in time you have to cash in). This situation unfolded over a period of 3 months. That is great since you find out rapidly thereby reducing the risk to add to your position in a long brainwashing process.
Which of these two personal experiences will I soon repeat with Veltex??? No one, but insiders can seriously answer this question right now but we should rapidly find out.
Then the good news: This situation should unfold within 2 or 3 months from now on. If you are to get raped, may as well go thru it fast.
We shall see...
Note: Since I sold at $18.50 at the peack of the bubble, I bought back (INVESTED THIS TIME) 12,500 shares of that same company, at $0.70 on September 25,2001. Closing yesterday was at $1.26.
Roger
I cannot help with your specific comment but if I can make a comment...
That's the problem with these pink sheet speculative companies. You know what the company says (Only God, Matin and his very close ones know if it is true or not), ther are always some reputed people in the environment but you never can find for sure secondary reliable sources to validate the "details".
Doesn't that remind you something?
I am not saying it is a scam but could we realy be chocked if it was?
We shall see.
Roger
Do not take me wrong, in now way am I frustrated (yet). I expect nothing bu a total loss or a great return, nothing in between and the time to know as not yet come, as per company's commitments.
I think this thing, for the moment, is the same as sitting at a blackjack table. If you are to be frustrated, take your money and walk away. If you stay, understand you can loose and will not be frustrated thereafter.
As for selling the stocks and using the money, or giving stocks to selling third parties, the bottom line is the same to me. In the second alternative however, if a third party receives stocks for services rendered and immediately dump them, that is not very reassuring.
If you are close enough to the company to receive stocks as payments, you probably have a much closer view at what realy goes on within the company than a shareholder having practically no direct access to the people involved. In that case, if you feel appropriate to dump your shares for 3 cents and therefore decide it is not worth wating a few weeks, I am worried ???
Again, for me this is still a "bet" I am prepare to write off even if I hope it will be a great one. Therefore I have many questions right now and very few certitudes, if any. The BS we read on the other board leaves me cold and the more appropriate comments (as yours and nightstocker's previous one) are interesting in helping us all wait.
We shall see in due time.
Roger
What is this "long" silence all about???
The following is just a dumping of ideas I am presently trying to clarify.
Assuming Veltex is effectively what the company said it is (my position is well known as LONG, HOLD and SPECULATIVE) I wonder what is realy going on, out of sight???
The last release goes back to Dec 23rd ("Veltex expects to issue updates on the continued growth of our trucking division
and the progress on the audit, to be completed early next year.").
As I said earlier: "Why should VLVT put out any more news releases at this time." (post 291)
IF this is for real, I am developping a feeling (just that, a feeling !!!) that the next release may very well be related to audited financials. The question is: when is "EARLY next year" ???
Releases previous to Dec 23rd said:
-"We are also in the process of purchasing 80 more trucks by year end," (Dec 5th)
-"More key announcements are expected to be made in the next month. (Dec 5th)
-"significant announcements with be forthcoming as soon as they become available, which the company expects to happen in the near future." (Dec 2nd)
-"100 trucks will be acquired during the First Quarter 2003" (Nov 25th)
...
Not realy having followed thru in details on these, could be worrying if we adopt the "scam scenario" but on the other hand, it would still be logical at this time, if we beleive in a more positive possibility. As I said: "Short of producing committed actions to normalise our situation, any new news would be close to useless." (post 291)
55 working days left in the first quarter. The question is: "when will the promissed audited financials be released".
If Veltex realy is a serious potential, I assume that the management will definitely try to deliver on their commitment much sooner than by the end of that window (first quarter 2003)... FWIW...
Still, one thing (among others) troubles me.
The company said: "company currently has over $500,000 of cash on the books. Veltex has over $11 million in total assets with very minimal debt." and "We expect to continue to announce record profits for the remainder of the year and into 2003"(Dec 2nd)
In this context, why did they have, since then, to dump millions of shares in the market at between 3 and 4 cents? (Each 1,000,000 only generated only $35,000 or so ???).
I read: "Veltex has recently issued shares for the acquisitions it has completed and for other corporate purposes. The shares issued will be kept to a minimum." (Dec23rd)
I still wonder why,this was required, considering what they had on hand on Dec 2nd and what they must have generated since?
This part worries me somewhat. To me, it doesn't make much sense.
Whatever, this remains a speculative pink sheet stock and great prudence is required so potential losses are kept at an acceptable level, even considering the profit potential if ...
Roger
This analysis must have been done by someone that has not followed the company what soever and I doubt he even understand the stock markets...
-Shares outstanding is already totally wrong (actual is 42M +)
let's do it right (assuming the other lines are somewhat more realistic)
2003E = (assume 42M shares) EPS = 20 cents
2004E = (assume 45M shares) EPS = 20 cents
2005E = (assume 48M shares) EPS = 25 cents
2006E = (assume 50M shares EPS = 31 cents
If you beleive a STABLE (???) multiplier of 20 all the way, it give a value per share of $4.00, $4.00, $5.00, $6.20
If the earnings % (Earnings/revenues) is to be 25%, 22%, 23% and 25%, i.e. pretty stable, the above could be true but you must agree that whoever produced this analysis did not work very hard and anyone in here can produce something like that in trying to define what his dream could become.
Roger
" I wouldn't be getting any hopes up to high that VLVT will put a PR during the next few days that will rally the stock." (your post).
Same her.
Why should VLVT put out any more news releases at this time.
If this "dream" is to become true, I assume they had a 3 phase plan:
1- Advertize their new start by releasing multiple news related to wakeup past, actual and some new shareholders and get back under the sun. This has been done very effectively considering volumes of the last 3 to 5 months but general status of the company rendered a significant price increase irrealistic (unless you consider going from o to 3 or 4 significant). To be noted that such a resurection after 2 years also gave arguments to those wanting to see the beginning of a second phase of a scam. Assuming a scam to have been the objective then, it would have failled miserably.
Personally, assuming an honest restart plan, I think that by getting the shares back to some value would have been a way to get access to fundings required to execute the next step (no "s ")
2-Regularizing the status of the company by producing audited financials and reporting normally was the mandatory next step if the VLVT shares were to be valued by the involvment of "investors". The company did commit to that and did it setting a specific and reasonnable timeframe to do it (before April 2003). THe execution or not of this commitment WILL MAKE OR BREACK THE COMPANY once and for all. Any other claim between now and then would only be fighting the win. Short of producing committed actions to normalise our situation, any new news would be close to useless.
3-Step 2 being done professionnally and credibly, the company would then be in serious business and THEN issuing news related to new developments would make a lot of sense. Why burn you munitions before the war has realy started ???
Finally, the above having been well done, the company should have the possibility to execute their final commitment (listing on another market). This could take some additional time for practical reasons not under the direct control of the company.
If this is to become what we want it to be, I see the short term future to look as follows:
-No significant news releases very short term, even if interesting developments are to be made in the background,
-Early (any time before April 1st) release of credibly audited financials,
-Release of reputed names forming a credible BOD (Matin's reputation has to be rebuilt)
-Release of news covering developments made between the december 23rd communique and the date of the release of audited financials.
-Release of a plan of action (what and when) aiming at having the company listed on another market.
Thereafter it should be business as usual and the price of the shares would rapidly get to 5 to 8 times the EPS forecasted for FY 2003 within the framework of the published audited financials.
This is what my optimist scenario is right now and it that context, THE ONLY NEWS RELEASE I SEE SHORT TERM is related to audited financials.
Note: If you want to know about a pessimistic scenario, go to the RB board.
Roger
With all due respect,
I hope we will not start to discuss the garbage written by this sick maniac on this board also. The other board is totally poluted by him and the responses to his rambling.
As crazy as he is, he must realy enjoy the attention he gets.
Roger
Very nice references thanks
However, my problem is all these do quote company releases (congratulations to our PR firm for a very effective job).
What I look for are quotes from secondary sources having independantly searched the situation (The closest we got to that, to my knowledge, is the analysis made by StockProwler last September).
I hope it comes up soon. Till then, all that noise coming from a single source is certainly better than nothing.
Roger
Thanks.
As for the ranting and raving of textileguru and some other similar criminals, I have a feeling that, if this opportunity becomes reality, Matin will have the time and ressources to find them and give them their due....
Let's assume you are Matin, all this damaging writing is false, you succeed in putting back the company in a normal situation and everything goes as promissed... What would you do then ???
As we say in french "revenge is a plate you eat cold".
I am reputed to be a very forgiving person but in this situation, I would have no limit in getting these people what they merit ...
Roger
I couldn't have said it better.
Up to now, we have commitment of someone having to change the PERCEPTION of him, consequence of past errors he did recognise in a recent release.
Filling his commitments (audited financials and normal reporting) in expressed delays (90 days or less) should correct this PERCEPTION and render whatever recent releases he made (more) credible. In such a context, I would expect the price of our shares to become close to 5 times the EPS showned by the audited financials.
On a longer term (12 months???) getting a listing on a more credible exchange should rapidly get the multiple in the 8 to 10 area.
On the other hand, failing to meet the first set of commitments would be desastrous.
That is why this stock is actually very speculative and presenting a high risk.
BHuying in a position with money you can afford to loose is therefore appropriate but adding to the risk if you actually have a good position is not recommended at the present time.
Having been burned in the past by a OTC-BB company promissing great future, being promoted by successfull and reputed individuals, having audited (admittedly bad) financials and reporting normally, I beleive that prudence is critical for the moment.
As we say in french "cat having been burnt by hot water are scared of cold water".
Roger
If your message does refer to me, to the best of my recollection I never mentionned that I was to visit Veltex from Montreal. However you may refer to a set of messages (not serious ones) we had on the other board earlier.
Roger
A very happy and healthy 2003 to all.
May our leaders behave so peace is maintained in the world.
May the first quarterof the year in particular also bring us what we expect from Veltex.
Roger
Roger
I would assume so but someone else may be better informed.
Roger
Sorry...my error or wrong interpretation of what it was specifically. However I did assume that the handout and the presentation were if not the same, covering the same.
Roger
You may also want to use the content of the following message just posted on the other board:
By: TheSkeptic
30 Dec 2002, 11:29 AM EST Msg. 9431 of 9439
Website of "OTC Live" VLVT's new Investor Relations company.
VLVT will be everywhere very soon!
http://www.otclive.com/index1024.html
Do your own Due Diligence...make the phone calls and you'll all be convinced that Veltex Corp. is for real!
As a Skeptic, I do a thorough job of investigating companies because I've been scammed before (as many of us have).
From my extensive DD, Veltex is definitely for real folks!
Please call Veltex Corp Toll Free: 1-866-483-5839 in Diamond Bar, CA. (Speak with Mr. Matin, Roger Brunetti, or Theresa) Order your investment packet and Business Plan CD (It was shipped to me via UPS Next Day Air) Very professional!
Please call All Coast/MultiModal/Veltex Transportation Toll Free: 1-866-284-4291 in Memphis, TN (Speak with Andy Friedel (who is in Florida as I type this purchasing more Veltex trucks) or Tommy Hoffman. They will set the record straight for you regarding the legitimate trucking business VLVT is currently implementing.
IN Q1, VELTEX TRANSPORTATION WILL HAVE 200 TRUCKS IN OPERATION!
Be responsible and make a few FREE calls! You won't be disappointed!
TheSkeptic
Roger
The following is what I can contribute to your question relative to available DD tools.
-The company site can be found at: http://www.veltexcorp.com/about_veltex.htm
-Company news releases can be found from many sources but they are all available at: http://quotes.freerealtime.com/rt/frt/N?IM=quotes&symbol=VLVT&type=News&SA=quotes/News
Reading these, you will be directed to interviews that you can listen to relative to some of the recent announcments.
-The StockProwler article I refered to earlier can be found at: http://www.stockprowler.com/previous_picks/9-15-02.html
DunitB4 did copy on the other board the content of a presentation made by Matin a few weeks ago. You can get that at: http://ragingbull.lycos.com/mboard/boards.cgi?board=VLVT&read=7754 and the following 9 posts of his.
If you want my own opinion on this presentation, you can see it at: http://ragingbull.lycos.com/mboard/boards.cgi?board=VLVT&read=7870
I am sure some can add to this but for a new comer, this base could be useful.
p.s. Victoria Duff's CV is available at: http://www.ryze.com/view.php?who=toryduff
Roger
She is the single most important reason for me to keep some faith that this speculation may end up be a good one. Not that I know her specifically (I talk and exchanged some e-mails with her a few time) but,as you say, we have her resume and we can find out some information on her.
The other positive I keep in mind is the article StockProwler released on VLVT, last September 15th. The article ended as follows:"VLVT looks to us like one of the best speculation plays we have come across in quite some time? keep your eyes on this one." The key word therein being "speculation"
FWIW I noted the following note as important to the content of that writeup: "Stockprowler.com did not receive compensation of any kind from the company or third parties for writing this report. Readers are urged to contact the company and do their own due diligence before investing in this or any other stock."
Roger
Best wishes to vlvt and its owners (shareholders) in 2003. May this (speculation) company become what we want it to become!
I hope the following to be our lucky 7 in 2003:
1-The company will release audited financials as promissed
2-The company will report as promissed
3-The company will get listed on another market
4-The company will find ways to better communicate with the market
5-The company will release the names making up a credible BOD
6-The company will successfully integrate recently acquired assets
7-The company will refrain from unduly diluting shareholders
If the above wishes do materialize, the shares should be worth dollar(s) instead of pennies before the year is over.
For those calling it a scam, it would be one (Matin, his team and shareholders would make millions and these non beleiver will be left out dry with no shares).
Roger
Absolutely right
Increasing the number of shares before each and every of these steps have been completed would be irresponsible ... to say the least.
The final picture of what this company realy is and the demonstration that recent acquisitions are under control must be well understood and verifiable before this company goes to new ventures.
Agreeing with the requirement for all these steps, I certainly look forward to seeing a strong BOD made of people we can find out about and having an history of successes. Unless I missed something, up to now, trying to figure out general information on the actual management, from general information sources (I do not mean unreliable message boards or company based sources), the only person having a public CV generally accessible is V.Duff. Even if history is not a garantee of the future (I certainly hope so, considering past "errors" of Matin), it is certainly better than nothing...
Stong reputed BOD and financials audited by a credible firm are the only possible next logical steps of the evolution of Veltex.
Authorizing additional shares right now, for whatever reasons, would be a very good reason for many to jump ship. I, for one, would certainly reconsider my long position if this was to happen.
Veltex being pure speculation (scam or not ???) authorizing new share in this context would smell pretty bad...
Roger
Merry Chrismas and best wishes to all during the holidays!
Drive carefully, drink moderately and enjoy loving others in this period of rejoicing.
May our leaders (political and others) keep their sanity and make the right decisions for the good of all.
Roger
Note:
If you like Chrismas card go to post 123 and 124...
Roger
Calling these tactics childish is very polite. Personally I call them stupid.
However some lonesome, frustrated individuals love to use anonymity to make fools of themselves.
At least you can put them on Ignore.
Roger
To bad if you feel insulted but if you did look at the other board this morning, you should understand that some people are realy trying hard not to let others figure out what Veltex realy is.
The only serious question right now is: "Are all the releases issued by the company recently accurate or are they lies?"
Time will tell. Till then, the most important reason for me to stay in is V.Duff.
Not having the possibility to walk in Veltex' offices personally and see for myself, I have to try to see who is involved, doing searches on internet.
Looking at public info on this person, I see that V.Duff has a remarkable CV and has a lot to loose if she gets involved in a scam made of 3 cents shares.
If Veltex finally becomes what we want it to be, V.Duff will have been the most important reason for me to still be involved. The opposite would also be true.
Feeling that Veltex is a scam is O.K. with me. The problem is that feeling is only that, a feeling.
To turn around and issue hundreds of messages saying that it is doesn't make sense.
You either know of you do not.
I don't... I am SPECULATING...
Roger