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I would like to see them raise the authorized to 200 million as soon as possible, as well as create suitable additional classes of shares that may be needed in the normal course of growth.
That's just me, but it would be prudent to do it as soon as possible.
Robert
Excellent update. Thankyou very much. Were you able to acquire your own copy of the CD's and other promotional info that was distributed?
It seems that to go from 2 trucks to 4 trucks to another 20 trucks in a few months is very aggressive. I expect that out of this meeting we will se financing and funding to expediate the acquisition of more trucks into the fleet. News regarding this would be a positive thing.
We will now see how good the IR is at getting info on new developments out in the near term. I anticipate that we will see decent buying this month.
Robert
The first flaw I found was a method to wager upon the race, then after receiving the race results, I could 'restore' my account to the pre-race status.
By using this I was able to take my initial account of 4000 credits and build it up. As it is a pooled game it relies upon other losing wagers to build the pool, I created other losing accounts, placed their money into selected pools, then went and retreived those pooled amounts with my primary account. Once I had a balance of over 100,000 I focused upon the Jackpot pick6 prize. It took me several times to get it and probably a total of 2 million in wagers to win the 8 million pool.
I'll send you the detail on the second flaw via PM, as I don't believe that it has been addressed by sungold and corrected, and until they contact me to resolve it I will not share it on public forums.
Robert
The gaming technicians who service the machine as well as one casino staff member will always have a key to the hatch. They usually don't open it unless it is to turn the machine on or off, or to reset the game if there is a problem. If you are friendly with them they will usually let you know or else you have to sneak peak when they open it.
I have only located 1 of the old chip machines in the entire world, and I have tracked over 40 Sega machines so far. It is a long long way from Canada so I haven't made the trip yet. I heard there was one in Minnesota but went there in November and found out it was not true.
Yes, basically to win you bet on all the horses, you just adjust the wager amount so that they all work out to return a profit. The magic number is 60. If you wager on each horse so that if it wins it returns you 60 credits, you have the basic BET60 technique. With the old chip machines that wager would cost you 50-59credits with a guaranteed win of 60. So the return is 1-10 dollars per race, but that is if you play only 1 sega terminal. If you play 2 adacent machines, you can take out 2 to 20 dollars per race. With races every 1.5 minutes it used to average out to be about $200 in an hour. Once you have taken out enough money that the machine has now reached its preset payout amount of 90%, the numbers will change noticalby and the BET60 system will not work.
This system can still be used to analyse the play on the second generation chip Sega machines, but not to beat it.
Robert May
Yes, there are a few different SEGA games in various casinos. I haven't tried the others as I have never been a card player, but I would imagine that they do utilize the very same programming and possibly have never been hit using the same system. Let me know if you have any luck there.
My local machine is set at 90%. Lots of others are set at 92% or as high as 92.7% That is the highest I have found. The only way to get access to that information is to open the access hatch on the lower back corner of the Sega and read it off the monitor there. The total $ in and total $ out is also displayed. As is the payout % and actual paid %.
My machine rarely moves 1-2 points off of the 90% before correcting itself. The farther away it gets it seems, the bigger the correction. That can be very good.
As for the horsepower game, Sungold had to delay the launch while they tried to figure out what happened. It was Easter long weekend and they called me asking a million questions. I helped them rectify the flaw and they flew me to Toronto to the Queen's Plate that year and footed my bill. I even traded the stock and made a little coin that year. As a footnote, I found another flaw in the horsepower game less than a year later, I'm not sure if that one is fixed or not. They were not very responsive to me pointing it out,lol.
taking things apart and breaking them is an old childhood habit,lol.
Robert May
Stockprowler's info on Veltex released in September. It seems that things have progressed in the past 3 months even more than anticipated.
http://www.stockprowler.com/previous_picks/9-15-02.html
Veltex Corporation (OTC: VLVT)
4200 Chino Hills Pkwy, Suite 375
Chino Hills, California 91709
CEO: Javeed Matin
Phone: 909-517-2400, Fax: 909-517-2401
e-Mail: veltexusa@msn.com
Shares Outstanding: 27.4 million
Public Float: 9 million
Market Capitalization: $904,000
Closing Price Friday 9/15/02: 3.3 cents
With mounting talk of war with Iraq, a seemingly unending stream of corporate profit warnings, mixed economic data, and of course, the expanding criminal investigations into corporate wrong-doing, Stockprowler firmly believes that now is not the time to “snap up the bargains” out there. This is not the time to have serious money invested in "quality stocks" hoping that you have caught a bottom... Until we are certain which way the wind is blowing, Stockprowler.com will be profiling only companies that are trading at around 25 cents/share or less. These are companies that are highly speculative, but offer the small time speculator the chance for a quick score even in these uncertain times. It is flat out gambling, no question about it, but the risk here is substantially less, in our opinion, than investing serious money in so-called “quality” stocks.
Our pick for the week of Sunday, September 15 is Veltex Corporation (OTC: VLVT) a manufacturer, distributor, importer and wholesaler of high-quality specialty textiles primarily for use by manufacturers of furniture, automobile interiors, and ready -to-wear garments. Veltex is also a distributor of high quality baseball caps and tee shirts for the promotional product market. Its manufacturing facilities are strategically located in Comilla, Bangladesh and employ over 300 people. The company is a member of the premiere Bangladesh Textile Mills Association. This location permits quota-free importing to U.S markets thereby affording significantly higher profit margins than its competitors in India and Pakistan. Veltex has sales and distribution centers located in Ontario, California; Dallas, Texas; New York City and Frankfurt, Germany.
Veltex announced last week that it has acquired a textile distributor near its corporate office in Ontario, California. The newly acquired company is a distributor of high quality fabrics for apparel industries and importer of caps, t-shirts, twill shirts, shorts and other ready-made garments products for promotional product industries. Veltex acquired the company with a combination of cash and restricted stock. The company expects the acquisition, which was completed earlier, will nearly double Veltex revenues and improve its bottom line earnings as much as five fold or more. Veltex had 2001 revenues of $9,954,882 and pre tax earnings of $1,986,494. Adding to its potentially bright 2002 prospects, Veltex Corp. posted a profit of $350,725 for the first two quarters this year, an increase of over 30% compared with the same period last year.
Information provided by Knobias.com indicates that there have been no known regulatory actions for Veltex Corporation. We feel it is important to mention that because of the persistent bashing of this stock on the RagingBull VLVT message board over the past 3 years. In addition, our investigation has revealed that Veltex Corp. is a client of Newport Capital Consultants, a company with a client list and track record that is noteworthy. “For companies up to 30 Million dollars, NCC, inc. is unmatched in it's ability to take small companies, help them grow up, and get them financed.” -Robert Radar, Capital West Securities, Inc. http://www.newportcapconsult.com/results2.htm
Currently Veltex has 27,393,808 shares of common stock issued and outstanding… the public float is estimated at only 9 million shares. VLVT closed Friday at 3.3 cents up 73% on volume of 630,500 shares. CEO Javeed Matin has indicated more news could be on the way soon. The company is reported to be negotiating with a Memphis long-haul trucking company. Matin stated, “I hope to soon report to our shareholders a signed letter of intent. If we then successfully complete the negotiations, we will immediately increase our trucking capabilities by multiple. Such increased capacity will have a profound effect on our revenues and most likely our bottom line results as well.”
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.
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.
Good Trading... Stockprowler
Up to date info, VLVT puts out info through market-pulse in an effort to raise awareness
http://www.market-pulse.com/veltex.htm
I don't know when this profile was released but at the time they had only 4 trucks, that number has since increased. Also, it is interesting to note that the company MSI has sold it's 200,000 free trading shares as of December 6th for 3.5 cents a share($7000).
Here's the text from the link, but I would encourage everyone to check out that website and see what the 7000 bought.
-----------------------------
The Company
Veltex Corporation (OTC PK: VLVT) is a rapidly growing manufacturer, distributor, importer and wholesaler of high quality specialty textiles primarily for use by manufacturers of furniture, automobile interiors and ready-to-wear garments.
Taking advantage of a window of opportunity offered by increased revenues in combination with decreased competition from textile manufacturers and exporters, Veltex Corporation has embarked upon an aggressive expansion plan which involves:
1. Opening a major distribution center in the United States.
2. Purchasing a fleet of trucks.
3. Expanding two product lines: T-shirts and caps.
Veltex has a manufacturing facility in Bangladesh and a sales and marketing office in Diamond Bar, California and distribution centers located in Diamond Bar, California; Dallas, Texas; New York City and Frankfurt, Germany. The Veltex US operations is a distributor of high quality fabrics for apparel, consumer and industrial upholstery industries and an importer of caps, T-shirts, twill shirts, shorts and other ready-made garment products for the promotional products industries.
Veltex also owns 4 trucks (18 wheelers), carrying Veltex goods as well as providing trucking services to one of the largest trucking companies in the US. The company has plans to increase its fleet to a total of 10 trucks by the end of 2002, with additional purchases currently under negotiation.
The Products
Velvet Textile Mills, a wholly owned subsidiary of Veltex, has been in operation in Comilla, Bangladesh since 1994. The company is currently producing 100% cotton twill, duck and sheeting to fill existing orders and has also started to produce caps, twill shirts and T-shirts to meet the demands of additional buyers in the United States.
In September 2002, Veltex acquired LA Cap, a larger Ontario, California textile company, creating a manufacturing, warehouse and distribution operation which moved to Diamond Bar, California, allowing Veltex to distribute products to all 50 states. This acquisition will nearly double Veltex revenues and improve its bottom line earnings. Veltex had 2001 revenues of $9,954,882 and pretax earnings of $1,986,494. The new company will have annual revenues in excess of $15,000,000 and earnings of nearly $2,000,000 according to the company.
In 1998, Veltex invested over $7 million in plant and equipment for the manufacturing of high quality textiles. It was shipped from the US and installed in the Bangladesh facilities. Labor costs in Bangladesh are 95% lower than US labor costs (lower even than India, Pakistan or China). These low labor costs in combination with modern looms gives Veltex the ability to produce a top quality product and compete on a global basis with some of the highest profit margins in the industry.
The Market
The market in the US is particularly favorable for Veltex because there are currently no US quota restrictions on Veltex products imported from Bangladesh. Veltex US operations (the distributing company) has started importing goods from Bangladesh and has already imported 10,000 (dozens) T-shirts, 2,000 (dozens) twill shirts and 5,500 (dozens) caps. This gives Veltex a distinct competitive advantage. The US Operations also opened three more letters of credit to import $230,000 more of goods from Bangladesh. The volume of orders Veltex has received should be very encouraging to the shareholders of the company's stock.
Veltex is slowly gaining market share in the trucking and distributing business. According to Javeed Matin, chairman and CEO of Veltex, "The purchase of the two additional trucks in September 2002, Veltex will be able to double its carrying capacity and will add $600,000 in revenue, along with $240,000 in profit per year. Along with the other two trucks the company already owns, this results in $1.2 million in revenue and $480,000 in profits. These two trucks will have a positive impact on the earnings per share for the remainder of 2002, and into the future." Matin is also negotiating the purchase of a Memphis trucking company and is "cautiously optimistic" about working out a deal which will result in the purchase of many additional trucks.
Financial and Operations Strategy
Veltex announced in September 2002, that it had recorded first half 2002 profits of $350,000.00 up 26%, compared to the first two quarters of 2001, which was $277,072.00 This results in over $0.01 EPS for the first half of 2002. Revenues from the period were $6,283,183, up over 25%, from $4,977,441 recorded a year ago.
According to G.S. Gill, secretary/treasurer for Veltex Corporation, "What is most encouraging is that Veltex has grown our profits and revenues above our expectations. The efficiencies we have put into place in our manufacturing facility have proven successful, and that has gone to our bottom line. Veltex is in the process of arranging purchase and delivery terms to maintain and grow the earnings for the company. I expect that our capacity will increase by 50% or more from that point forward."
Veltex is projecting possible revenue for 2003 of $33,000,000, and potential net profits of $8.6 million based on the company's current and acquisition and internal growth. That conservatively could lead too earnings of $0.25 per share for the next fiscal year. Veltex currently has a book value of $0.40 per share.
Veltex is in the process of looking at many acquisitions that will increase the earnings and revenue for the company. Veltex would like to in the near future, file to get listed on another exchange, their goal is to reach the AMEX or the NASDAQ SmallCap. The company's main goal is to build Veltex into a large company, and in the process, have shareholders benefit.
Management Team
Veltex Corporation's consists of a high caliber management team and a well-trained technical personnel. It's manufacturing facilities are managed by former US textile industry executives with more than 30 years of experience.
Javeed Matin, Chairman and CEO - has extensive experience in international trade and trade finance. Before founding Veltex, Matin worked as an officer in international trade finance for City National Bank in Los Angeles and was Chairman of Machintech Bangladesh Limited, a company engaged in textile machinery financing, leasing and sales. Matin has an MBA from Ashville University in London, England.
G.S. Gill, Secretary/Treasurer - has served as President of three companies and has an extensive experience in industry analysis and sales tracking. Gill currently manages the financial affairs of the Bangladesh operation.
Victoria Duff, Corporate Advisor - is a veteran of 20 years in top-tier Institutional Investment Banking on Wall Street. Duff structures start-ups and advises existing companies on corporate and Internet strategy through her consulting company Bold Ventures Group.
With the earnings and equity they have built into the company, Veltex management believes that it will soon be recognized on Wall Street.
Veltex's ability to continue to produce a high quality good at a competitive advantage of low cost will ensure that Veltex will develop as a market leader in the textiles industry for years to come.
Disclaimer- (cut and pasted from the disclosure page by me)
MSI has been compensated in free trading shares of common stock, available for public trading as follows: Veltex Corporation compensation from a third party: 200,000 free trading shares of stock in Veltex Corporation, already delivered and 300,000 shares of restricted stock in Veltex Corporation already delivered from the company. As of December 6th, 2002 MSI has sold 200,000 shares of Veltex Corporation for proceeds totaling $7,000.00.
Check this press release out Bernard from about a year and a half ago. Read half way down and you will s one of my wonderful accomplishments since beating the sega and moving on to different games.
http://www.businesswire.com/cgi-bin/f_headline.cgi?bw.041801/211080194&ticker=SGGNF
"HORSEPOWER(TM) 2 PLAYER WINS 8.8 MILLION CREDIT JACKPOT
Congratulations to Robert W. May for playing Horsepower(TM) 2 and winning the 8.8 million credit Pick Six Horsepower(TM) 2 Jackpot. Although Robert W. May's 8.8 million will be hard to beat by April 30th, this weekend lucky players won as much as 300,000 credits on the Pick 4 and 900,000 credits on the Pick 5."
Robert May
OOOps, to summarize why it can not be played like a paper trade it is because when there is no money wagered the machine simply choses a result based upon the random number geration inside.
When there is money wagered, that money and the payout percentage then enters into the equation and alters the result. For example, you will observe far more longshot results when nobody is playing than you will when the machine is being played.
Some players realize this when they consistently pick 14 of the 15 quinella betting choices and the one they omit comes in. Its not luck or fluke, it is the way the machine acheives its goal of getting to 90%. That is its only motivation.
Robert
Hi bernard,
A big problem with electronic gaming is that you cannot papertrade it. The results when you are playing paper wagers will not be the same as the results when you are using real cash, simply because when there is real cash in the machine the payout is actually mathematically calculated based upon the amount of dollars wagered that turn, the past payout ratio or percentage, and a random number genreator.
Basically, the machine is like a big slot machine. It needs to pay out a fixed percent, eg. 90%. If it has payed out more than 90%, even 90.01% it alters its results so that it is in a money collecting mode. It will remain in this moneycollecting mode until it reached its preset percentage. On the SEGA this is very evidient in the race odds presented on the screen. When the machine is over 90% you will see races with numbers such as: (6 horses odds: 2,3,4,10,12,24) That does not mean that the high odds horses do not have the exact same randomly determined opportunity of finishing, jsut that the payout if they do finish is dramaticaly different than it would be if the game were in a paying mode.
In a paying mode, that exact same race with the exacsame horses would display odds such as: (6 horses odds: 3,4,5,12,16,36). So each of the horses true chances of finishing is exactly the same, but the payouts have slid higher. This only happens when the machine has paid out less than its preset amount, ie. 89%.
So playing the machine only when it has consumed enough money for the odds to slide makes mathematical sense. Why play when the house advantage has increased? Play only when it has decreased. The flaw in the first chip was simply that when the game needed to pay out credits to players because it had consumed too much money (over 90%) there was no limit put on the payout percentage. So it was possible that when machine slid the numbers higher to payout because it had only paid out say 88%, the game would actually return greater than 100% trying to get its average back up to the 90% mark. This is a gamblers dream. It ceased to be gambling when you could wager and guarantee a 100% or better return every race.
The best simple example I give people is to think about wagering on the roll of a dice. If I told you that I would pay you 7-1 if you could tell me what number I was going to roll on a 6 sided dice, there is a simple strategy for beating the house. Bet all options. You eliminate all risk and guarantee profit. Combine that with basic gambling strategies and the machines could be taken for about $200 an hour.
I could go on and on, but I'll leave more for another post.
Robert May
I do not know enough about the RMEC situation to make any judgements regarding the dividend issue, nor do I know much about the true fundamentals of this company. I was drawn here by the increase in trading volume which signaled a trading opportunity, however I never did get the chance to purchase shares before the last run up. So as for disclosure, I am neutral in my position and am not planning on taking a position here in the immediate future. But will certainly watch for opportunities should they arise.
However, after reading about the dividend I just wanted to share an experience with you all that might help you with your DD a bit. There was an otc stock 1-2 years ago that I seen do a very strategic move by issuing a dividend. They used the technique to transfer cash from one business to another. The stock was GASS and the parent company was bluedolphin oil and gas. Go to the ragingbull thread for GASS and read the history. It is not too long. I was there under my same name of ImakeMONEY, and I initially asked questions about the dividend. It seemed very suspicious to me, but I was attacked by long investors who did not want to ask questions or hear anything negative. I was considered an evil 'basher' just for not believing in the altruistic intentions of the company. In the end, the stock dropped like a rock and I was right in my suspicions. The most viscious poster who was long even apologised to me, but in the end lots off people got screwed out of some money.
I don't know if there is any similarity between RMEC and GASS other than the industry and the dividend, and I certainly have nothing negative to say about this company cause it looks like they are trying their hardest to fight back against a corrupt trading system, but check out the GASS situation just so you can see that the gift horse of a dividend doesn't always mean good things. Look at my posts there and see how my questions turned me into a 'basher', it certainly made me more accepting of opposing points of view once I was labelled the badguy.
Best of luck with this stock and your other investments and sorry for the long post, but I would rather everyone of us shares information and lessons we have learned here at ihub.
Robert May
ps. right now I am in VLVT, a stock that I think will run hard on some financing news this month. It is a pinksheet stock with a shady past, but it makes a great trading op. right now, better than the stocks of companies I really really like, so what can I do,lol.
No sega for me today. I have a christmas party to go to. Unless of course that is truly boring and I get out of there early. :) My machine still isn't back to imporved odds yet so I may try to steer clear until Saturday night. I'll continue to post my play action here as I continue to receive email from interested players.
I recommend every one of you reading this sign up for an IHUB account and do your best to learn how to gamble not only on the sega but in the stock market. It is a very similar entity and can be just as good a friend to the player if it is done in moderation and according to mechanical systems. There are some very talented people posting on these boards and I learn more every week as I read and study and make money. What more could you ask for?
Robert
Okay Larry here's my take on the immediate future.
I did some diggin on the california bankers group that VLVT is presenting to and here is what I found. Every single company that I could find that presented to them experienced and increase in share price. Every one. I couldn't find a one that did not experience some positive attention. Now the appreciation did not always last in every stock, but many of them went for doubles of greater. Some of them moved the very day after the presentation, a few didn't move for up to 3 months, but it does appear that by presenting to these investors and guys in the financing business that positive connections were made and that money flowed into the companies presenting.
Here's a couple that presented at the last meeting October 5.
OCT 5. CALY- 8.5 cents
CALY- recent high of 16 cents
OCT 5. LFP - $1.70
LFP- recent high of $2.25
I couldn't find any more from this last meeting, but am still digging. I did find many from past meetings, such as:
QSC which went from 80 cents the day before the meeting to $2.25 the day after it!! and i believe that UTLC managed to run from 30 to 50 cents in a few weeks back in 2001.
So, regardless of if there is anything you like or dislike about the company and Matin, a person has to think that the presentation in California will certainly encourage the share price to run in the short term and make a great trading opportunity. Perhaps it might even result in some excellent financial support and backing to increase the number of trucks at a faster pace than intended or at a lower cost. Those would be bonus for VLVT.
Again, I bought in to ride the lift that I think the meeting will eventually cause, I may stick around if things continue to grow and positive news keeps flowing, but it is not necessarily my goal. I try really hard not to fall in love with a stock and I have about 3 others I want to trade first week of January, so I'm sure hoping it explodes before then.
Robert
Okay that order just filled as 130,000 shares crossed at market bid. It took the bid down to 4.5 cents but I got what I wanted.
Robert
Hi Bernard,
There are actually 3 different models of the SEGA royal ascot machine that were produced, but all seem to have come from the factory with the same chip. The machines with the old chip display on the video monitor that shows the animated race, a copyright date of 1991. The second generation chip shows 1991, 1996. I have been unable to find a flaw of hole in the new chip after almost 18 months of work. The old machine was just like sitting at a broken bank machine, I hit it hard for almost 2 years.
However, like the stock market, it is so easy to get into the habit of 'gambling' instead of following a mechanical system, and that is where most of us seem to screw up. If I could use the same methodology and restraint in investing as I do in gambling, I'd be filthy rich,lol.
Robert
I'm half way in,LOL. I just placed an order for 40,000 at 4.7 about 40 minutes ago, too. Strangely enough though the pinksheets website still shows the best bid at 4.6 cents. I don't usually use that site so I don't know how often they update those numbers. I'll check my account in an hour and a hlaf and see if I got filled on that one.
Robert
Here's my picks for the month if anyone is shopping:
VTSI last at 13 cents
VLVT last at 5.5 cents
CPTC last at 16 cents
Robert
wildbill
that is an amzing claim they make. Sort of reminds me of the old 'cold fusion' days. I'm no physicist, but to seperate water and rejoin the elements and result in net positive energy? Sounds far too good to be true. I think the Saudi's would have given them a billion dollars for the idea if it were the truth,lol. I'll be the first in line to buy one if they ever hit the retail market though.
Robert
AQVB one of my old time favorites,lol. This is poised to be the best december I have ever had in the markets. I got some excellent ones right now. I'm quite optimistic, i must be getting in the holiday spirit a little early.
Robert
um, I believe this stock was over .70 today. Imagine that,lol.
Robert
Here it is!
I went over to the pulse and got the link for you.
http://www.otcbbpulse.com/education/stockleads.html
Robert
ToshacH
there is a color description on Bernard's site that tells you what the font colors mean. The specific colors refer to "a stock in play", "a stock with room to move", " a stock that moved and may be done" etc. Check on the pulse site and you will find a menu of the colors there. It is a little bit different than just red/green and more useful.
Robert
One of the 'bashers' on raging bull posted some very good DD on REGY about 3 weeks ago. I can't remember who it was but I will try to spot it for you and post you a link.
Robert
Well I had an order sitting to buy in my waterhouse account all day today at 5 cents for 30,000 but nothing happened. I'll place it again in the morning and see what happens, maybe it was just becasue I placed an all or nothing order. I figure there are still 2-3 more days to get in before the price and volume start to move upward.
Robert
Caz
you may wish to look up VTSI. I'm still doing some digging on it, but it looks like it is very close to the right time on that one and it seems like one that is up your alley.
Robert
Daniello
I did some digging and have come up with some encouraging results to my due diligence.
First of all, I was able to verify that there are a few people who are doing their best to bad mouth this stock and its ceo, most likely for personal reasons which I couldn't care less about. There is not a trail of happy working or business relationships in veltex's past.
It does appear to me that Matin is going to do his very best to drive the share price of this stock up. Maybe he is looking for legitimate business opportunities and trying to increase shareholder value or build a great company or maybe he is only trying to drive up the price so he can trade into it and make a fortune. It really doesn't matter to me at this time, and nothing I can do will change what has and what will happen. I can however take advantage of the whole situation and go along for the ride, so that is what I am going to do.
Current closing price was 5 cents today on Dec 4th. I believe that it is in the realm of possibilities that this stock could reach low 20's in a short period of time. That opinion is based upon a few observations I have made and some info I have collected on this and other stocks. If I can get an order filled at 5 cents I will be thrilled to see a double here, but not shocked to see something better.
I'll share my info with you and the rest of the viewers of this public board just as soon as I get my order filled.
That bull board is complete trash now, I cannot believe that anyone bothers posting there with all the idiots on board. I'll stick to ihub where the quality is better.
Robert
Bernard
I always feel bad looking at the long string of posts on this board that carry your name, and the lask of others providing input or conversation (myself included). Just want you to know that I am sure there are many like me who check and read the board every day even though we do not post to it. Thanks for keeping up the effort even while you are so busy, lots of us appreciate it.
Robert
As the first post to the board, I thought I would just give you a quick breakdown of my recent playing of SEGA.
Lastnight I played a Sega machine that I normally avoid, for just over 1 hour, played a little over 200 dollars and walked out with about $800. Net profit of $600 minus the $25 I spent on beverages,lol.
Tonight I played my favorite Sega machine, started with $25 bucks and took it to $250 in 15 minutes. The numbers were crap so I cashed out and will stay away from that machine until approximately Saturday.
No Sega for 3 days. I'll have to trade some stock instead.
Robert
There sure has been great trading opportunities for anyone who has been willing to ride them. One had to wonder if they will continue or if a trend will ever emerge out of the volitility.
Robert
Here's a link to barcharts evaluation of veltex. In my experience barchart is not accurate for anything other than trailing data, but it provides some good info on the site.
http://quotes.barchart.com/texpert.asp?sym=vlvt
Just wanted to thank Caz for his posts here on ihub, they are of great quality and interest. This board is a pleasure to follow without all the bull of other boards.
Robert
Well after reading over several years of info and history, the one thing that becomes clear is that there are some determined and unhappy people posting the same negative opinions for years and years.
Obviously there are several who have lost money in dealings involving either veltex or Matin in the past. Unfortunately these types of things always haunt you for ever, and Matin will have to do his best to gain some credibility or make good with those people, or they will have to accept responsibility for their own decisions. Perhaps a little of both.
I have a couple of emails out seeking some third party opinion on Mr. Matin and the future of veltex. I will post relevant replies here in case anyone is truly interested in that sort of information.
Robert
Larry - write a book! make up some of the crappy tapes or a CD set of "blind luck trading my way" LOL. That is excellent. Sometimes all the DD in the world can't beat out great timing. I have very few good timing stories and one or two that makes me cry. I still play the game, but am content to trade for a thousand or two every month.
As long as I ain't losing, I'm winning the game.
Robert
Great questions. Hopefully we can find the answers to a few of them before they become public consumption.
Great to have you posting over here.
Robert
Mrs. Howell always floated my boat. You know I need one of those rich old ladies to support my trading habits and waterhouse fees.
Robert
You are so correct Dag. That RB board has some 50 posts or more since I last read it with absolutely no content or fibre to any of them. I get I get, some think it is a scam, some think it is going to $8. But I do not see anyone offering any basis for their opinions.
I'll respect any opinion that is based upon anything more than a warm fuzzy feeling or a Miss Cleo prediction.
welcome to veltex Ihub
Hi there and welcom skeballlarry.
I have not bought any vltex yet, still trying to overcome my fear of unaudited pinks, but am sure looking hard at it as an option right now. I have a half a doze BBX stocks that I'm following, and if I have any left over $$ I might just sink it into this one and see what the new year brings about.
Seems to me that it won't be moving until after the new year, what do you think?
Robert
merry xmas. started decorating the house today.
Robert
Thanks SSP,
Have a great weekend.
Robert
That is quite funny.
Robert