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We believe that we should be THANKFUL to MACKLEM as he's trying to save the Company and revive the stock price of Veltex. He wants to make sure everything is done ethically and legally. When he becomes aware of someone that appears to be doing something possibly illegal towards VELTEX, Macklem brings it to the Halls of Justice to protect VELTEX SHAREHOLDERS. That's what we believe.
We are FORTUNATE that we have MACKLEM working at VELTEX to PROTECT US SHAREHOLDERS.
Sure, there is a GREAT DEAL of FRUSTATION that the WHEELS OF JUSTICE move SLOW as far as lawsuits Veltex may have, but we cannot blame a specific person for this. And as long as others are threatening VELTEX in an UNETHICAL MANNER, VELTEX, its Representatives, and Legal Counsel have the right to PRESENT IT TO A COURT - The JUDICIAL SYSTEM will interpret and decide the LEGAL COURSE OF ACTION.
(AGAIN, MACKLEM'S GOAL IS TO BRING TO JUSTICE THOSE THAT HAVE BEEN TRYING TO ILEGALLY HARM VELTEX AND ITS SHAREHOLDERS - We should say THANK YOU to Mr. Macklem)
Many of us here, myself included, would love to see the Stock Price of Veltex to increase. And we wish it to happen based on true information (i.e. Financial Reporting, Recovery of Assets, New Business)
Among many questions in our minds is for example,
Who has more Power to affect the Stock Price of Veltex - Management of Veltex or Posters on the Investorshub Message Board?
AND
What about any Legal Actions regarding the New Management, Board of Directors of Veltex vs. Javeed Matin (Former CEO of Veltex)? What is the Status of these Legal Actions?
It's Confusing which way this Stock will go. It seems to have a lot of Potential either way UP or DOWN. However, it could just sit there at the same price for a long time also. It all depends on if something is going on at the Company.
Hopefully, we'll get some sort of disclosure, from the Company sooner rather than later. At least we have a respectable New Management Team in place right now, comprised of Dedicated Shareholders that seem to have our Best Interests in mind.
THE LACK OF CONSISTENT VOLUME above 500K AND the Price NOT STAYING ABOVE 0.13 on the BID side for a CONSISTENT PERIOD of 2 WEEKS or more, BEHOOVES US to CONCLUDE that the STOCK is GOING NOWHERE. ("ONE BUYER" ONLY IS NOT ENOUGH INTEREST IN THE STOCK - IT WAS JUST A "CAUTIOUS BUYER", AND THEREFORE INSIGNIFICANT INVESTOR INTEREST)
WE can EXPECT that FUTURE INCREASES will be SHORT LIVED and IMMEDIATELY FOLLOWED by MAJOR DECREASES in STOCK PRICE - HIGH VOLITILITY SITUATION (Could be GREAT OPPORTUNITY for those that want to BUY & SELL FAST - however, it might be hard to SELL if the BID/ASK SPREAD is TO WIDE, and if VOLUME is TOO LOW)
This stock will most likely RESUME to being the "DYING DOG" that it's been for recent years. (UNLESS something good is going on that we've been waiting for - hopefully it will have been worth the wait.)
For just minutes the Stock was at 0.23 and now the statistics will show the 52 Week High at 0.23 - what a joke! It looks suspicious. We all know that if we put those few minutes aside (and the very little amount of shares purchased at 0.23) the 52 Week High would actually be the 0.13 price, and even that price might just be short lived also.
The Trading Activity for the last couple weeks is one that shows that someone (or the Company itself) is portraying the role of a "Cautious Buyer" - The Volume at the Price increases were consistently limited at about 300K for all Three of these times.
It might just be that this "Cautious Buyer" had the plan of Buying 500,000 to 1 Million Shares Total, and was not planning to buy it all on the same day - as we saw the Volume of approximately 300K at various trading days. And we see that towards the end, to make the Stock more marketable, a Small Amount was Purchased at the Much Higher Price (0.23), to create the Perception that the Stock could trade much higher than the current BID/ASK of .07/.13 - We see that Tactic Very Clearly.
YES, BUT the VOLUME is still NOT YET HIGH ENOUGH to make us feel that it will stay at the current price. We can expect some PROFIT TAKING next week that will pull the price down.(Although, we could be wrong and there could be something going on that we don't know about yet - in that case, maybe it will stay at the current price, or continue to fly). (By the way, just to confirm, is the BID/ASK currenty 0.07/.13? If yes, why such a WIDE MARGIN?
And, by the way also, it's weird that the stock went all the way up to 0.23 ASK PRICE today and then declined so fast down to 0.13 for the ASK PRICE on the same day.
It seems that there's manipulation going on, possibly.
CONSIDER THIS: It is HIGHLY UNLIKELY, given today's activity, that the BID PRICE will reach 0.20, AND STAY at that price for more than TWO WEEKS, while maintaining VOLUME of at least 300,000 or more for each day of those two weeks. (But who knows? IF something really good is in the works, THEN this stock could FLY to a much higher level that will make us BELIEVE in VELTEX AGAIN.)
Yes, WE AGREE, it seems that the Buyer(s) is Buying little amount of shares at the Higher Price to try to Pump up the Price to Sell Soon (Pump and Dump, possibly? - We are not referring to the Traditional Pump & Dump where a Press Release being issued to Pump up Price followed by a Dump of more shares).
WE EXPECT the PRICE to be FALLING BACK DOWN SOON, Because the "BUYER" seems to be expressing desire to SLOW DOWN in BUYING MORE, and MIGHT SELL SOON.
As WE mentioned before, VLXC will NOT BE TAKEN SERIOUSLY until the VOLUME CONSISTENTLY exceeds 500K to 1 MILLION SHARES CONSISTENTLY for a CONSISTENT PERIOD of TIME (NOT JUST A FEW DAYS HERE AND THERE - THAT'S JUST A TEASE!)
Is it possible that those days of 300K Volume or more are mainly attributed to the fact that Veltex was mentioned in the News Article about the Bashing of Penny Stocks by the Illinois State Employee?
In any case, it's a Good Sign that the Chief Financial Officer of Veltex (Stephen Macklem) is mentioned in the article.
Our opinion is that Macklem is making good efforts to revive Veltex to a respectable position.
We agree that the price might pull back, as the Volume, interestingly enough, was a little over 300K again (like last Friday). Obviously, whoever is buying is doing so at a Limit Price and/or Limit of Amount of Shares.
We cannot take this Stock seriously, unless the Volume is Consistently Much Higher on a regular basis (500K-1Million Shares). If it's only Once a Week that the Volume reaches just a little over 300K shares and price doesn't go much higher, then the pattern will just continue with not much to look forward to.
Even if the Price just sticks around 0.05 to 0.06 Ask Price, that's not gonna do much for us either. IF the Price goes to around 0.10 on the Bid side, THEN that would be a Good Sign.
Just speculating, but, probably what happened was, a long time investor in Veltex made profits elsewhere in the Market and decided to invest some of his profits in Veltex in order to "Average Down" on the Price of his Veltex Shares. He is buying at a Limit Price, and was successful once last week, and once this week so far. So, most likely, when this investor is done "Averaging Down", the Stock Price will FALL BACK DOWN.
The Volume on Friday January 8, 2010 was a little over 300K Shares traded. In total Dollars it's not much (approx. 15,000). Proportion to shares Outstanding is a different issue (we don't know how many shares are outstanding for sure, right?) We need an Official Report of Outstanding Shares.
For future reference, if the Volume is less than 1/2 Million Shares traded in one day followed by not much trading the Next Trading Day (or Profit Taking the Next Day), then we can guess that someone just wanted to by a small chunk of shares for future gains, is accumulating at a limit price (just making a quick short term trade to buy and take a quick short term profit).
We're looking at "Small Potatoes" right now. We have yet to see Volume reach over 500K, and for more than one day in a row. If we see the Stock Consistently Trade at Volume over 500K for a few days or more, and Hold at the Appreciated Price, for about a Month or more, then we know that this Stock is being taken seriously, otherwise, it's no more than a dream.
VLXC, Have you heard about Veltex Corp.?
That's right, only Management really knows of any plans to REVIVE the Company.
On a SIDE NOTE: With all the UNCERTAINTY looming, EVEN IF the STOCK were to JUMP 100% or more, it would most probably be SHORT LIVED and followed by a STEEP DECLINE thereafter, UNLESS a PRESS RELEASE shows EVIDENCE of the COMPANY being REVIVED.
WE NEED an EFFECTIVELY COMMUNICATED PRESS RELEASE that CLARIFIES the STATUS of the COMPANY.
ONE DAY of approx. 300K VOLUME doesn't really do much for us. BUT, at least it GOT OUR ATTENTION TODAY and MADE US WONDER if SOMETHING GOOD is ON THE WAY. MAYBE it's a SIGN of SOMEONE BELIEVING in a FUTURE FOR VELTEX.
(If we only knew who was BUYING TODAY - that would clear up the MYSTERY of TODAY'S TRADING ACTIVITY.)
For REFERENCE: SEE POST 16299 dated August 18, 2009
We don't know Outstanding Share Amount. We do know that Over 300,000 shares traded today. As I mentioned before, it seems that it was only ONE BUYER (CAUTIOUS BUYER)that bought most, or all, of the shares today.
OF COURSE, WE are all WISHFULL THINKING that it's a SIGN of MAJOR INVESTOR INTEREST in VLXC. BUT, it might just lead to a MAJOR DISAPPOINTMENT as the STOCK PRICE DECLINES AGAIN.
UNLESS we SEE CONSISTENT VOLUME with the STOCK PRICE HOLDING at a MUCH HIGHER PRICE, for a CONSISTENT PERIOD OF TIME, we cannot conclude that there is MAJOR INVESTOR INTEREST.
IN SUMMARY, Here is what we need:
CONSISTENT PERIOD OF TIME OF HIGH VOLUME & HIGHER STOCK PRICE
Thinly Traded Stock has enormous potential. BUT, it seems that whoever is buying has a PRICE LIMIT (as we can see, the stock is not going above 0.045-.05 or so).
Also, even though the volume is higher than usual, it's still, in ACTUAL DOLLARS, equal to NOT MUCH. We need the Volume to reach over 1 MILLION SHARES, for a CONSISTENT PERIOD OF TIME (not just 1 or 2 days), and for the stock price to SUSTAIN at a CERTAIN PRICE level, for us to know that VLXC is being taken seriously.
I wouldn't be surprised if the price pulls back because if it's only ONE BUYER trying to ACCUMULATE, the CAUTIOUS BUYER will let the price pull back in order to resume BUYING at lower prices. It seems that there's only ONE BUYER out there.
We need more than ONE BUYER of the stock out there for this stock to really FLY. (The ONE BUYER doesn't have to worry about someone else buying before the CAUTIOUS BUYER does and therefore can afford to buy slowly with price dips along the way). (IF the ONE BUYER is VELTEX trying to buy back its own stock, THEN due to the Company having LIMITED FUNDS, we can expect the BUYING TO BE SHORT LIVED followed by DECLINES in STOCK PRICE)
You might have a good point about Management as far as "once they're done buying the Cheap Shares", but we need more information about anything productive going on at Veltex.
Also, the volume is too low, and it's not like anyone is rushing to buy the "Cheap Shares" (yes, not much selling either - which is the good side of this situation)
We mainly need to know if Management is just sitting around with little or now power, as legal matters are tied up in Court over Matin, as wheels of justice move awfully slow.
CURRENT STATUS:
No Press Releases
(If something Good was Happening we would have heard about it by now, right?).
IF Matin's shares were Canceled and given to the Plaintiffs, THEN chances are that they may wish to CASH IN on the Shares they received as compensation (DUMP the Shares to get CASH) thereby bringing down the price of the Shares. Or maybe they will hold, IF they are working to REVIVE the Company.
QUESTIONS:
1. Were Matin's shares Canceled? If yes, were the Shares completely Canceled or transferred to the Plaintiffs?
2. Is Management trying to REVIVE the Company, or did they just GIVE UP?
3. When can we expect a PRESS RELEASE? (SOON, A LONG TIME, NEVER?)
4. Is Management still trying to RECOVER Inventory or Any Assets from Mr. Matin?
5. What is Management doing right now?
6. Will they ever UPDATE the VELTEX WEBSITE? (Old, contraversial info still exists on the Website)
WILL MANAGEMENT COMMUNICATE WITH SHAREHOLDERS SOON?
VLXC could RISE, on the other hand. Maybe, for example, Management is working on reviving the Company & generating Investor Interest.
But, for now, it seems that VLXC is going Nowhere. But, who knows?
QUESTIONS:
1. Will Management Communicate with Shareholders to Clarify the Status of the Company? (i.e. Current Management Accomplishments and Projections for the Future)
2. When, if ever, will there be another Shareholder Meeting? (i.e. Annual Shareholder Meeting)
Can anyone here get these questions answered?
SELL before it's too late! What does Veltex have left to offer? What is Management doing? (ANSWER to BOTH QUESTIONS: NOTHING)
1. VELTEX HAS NOTHING LEFT
AND
2. MANAGEMENT IS DOING NOTHING
IF you SELL NOW, THEN at least you can get something more than before the price goes down to much closer to ZERO.
SELL BEFORE IT'S TOO LATE! (After you SELL, you can watch the DOWNWARD SPIRAL of the STOCK PRICE and breathe a sigh of relief)
It's amazing that it's even holding out at the current price (.025/.038). Not enough action either way. The major stockholders seem to be just holding on to their shares in hopes for the "Big Score" one day. Nothing seems to be really going on. Has anyone contacted any of the Board Members or Stephen Macklem in the last few weeks? If you did, you probably didn't get much info, right?
It's all very discouraging. It doesn't seem that Management and/or Stephen Macklem can do anything to get Veltex back on track, even though their intentions are good.
The bottom line question is: "Will Management and/or Stephen Macklem get Veltex back on track to becoming a successful company?"
KEEP YOUR PANTIES ON, because the BID/ASK spread is .026/.038, therefore one time the price shows as .026 and one day it shows as .038. NOT REALLY a STOCK PRICE INCREASE. This is because, obviously when the stock is sold they show the Seller's Price sometime and the Purchaser's Price sometime.
It's funny how some Veltex holders get so excited when they see the "50% Increase" in stock price and don't realize how the BID/ASK SPREAD is a wide one.
IF we see the BID PRICE rise to a much higher level (NOT just the ASK PRICE)THEN we can all react with JUSTIFIED EXCITEMENT. For now, you can just KEEP YOUR PANTIES ON!
Thank you.
Nothing serious yet with VLXC. When the BID price goes up to .07 or more, and stays at that price or higher for more than a couple weeks, then we can take this stock seriously. Otherwise, it'll just pull back. Also, remember the volume today was insignificant. Current Bid price is 0.026, right? So, the activity today is insignificant so far. It will probably not go much higher, or just pull back again.
We need a much Higher Bid Price accompanied by High Volume to take Veltex seriously. Short lived spikes in price don't really do much for us. (We're not getting any Press Releases either. Think about it. Nothing being reported.)
That "someone" that was "accumulating" apparently has little impact on the stock price overall (once he stops buying the stock price falls back down).
QUESTIONS:
How many investors here feel that it'll be FOREVER PLUS A DAY by the time VLXC gets to .15 or higher?
Does anyone wish to provide predictions?
What is New Management doing to have this stock recover?
Will the New Management ever Cancel Javeed Matin's Shares, have custody of Veltex's Assets, and disclose the Financial Condition of the Company?
NO MONEY = NO POWER
Management has as much Power as they have Money they can control - If Management doesn't have custody of any of the Assets that Mr. Javeed Matin had over the Company then Management is in a Stalement position. Management is currently Impotent.
You mentioned that "someone" is buying and in a "rush to accumulate" - The volume that day was a bit over 150,000 which doesn't amount to much if you multiply by the closing price that day (between .03 to .05).
It doesn't seem prudent to jump to the conclusion that "someone is buying in a rush to accumulate" when the volume was pretty low. If the volume was over 400,000 or more with a steeper rise in price, then maybe we could hypothecate that someone is trying to accumulate.
Yes, someone bought in at the higher price, but remember that someone also sold at the much lower price also (the bid/ask spread is pretty wide).
(Also, if someone was trying to accumulate - this investor has not gone above .05 limit price, which means that we can expect that the price would pretty much hover at the current price or decline due to lack of sufficient investor interest)
Best wishes.
Actually, it's an indicator that either not many want to sell at the bid price (approx .0225) or buy at, or above, the ask price of approx. .035 as they have entered their limit orders as such. Obviously, someone has been wanting to "jump in" and start buying for, who knows, what reasons, but he set a price limit at .035. For now he may be waiting a while for it to slip back, and then go for more...it's becoming interesting, but it's low scale buying that's goin' on here.
We can expect the price to be stuck between .02 to .035 for a long while. This won't do much for us. However, IF we get a really impressive Press Release that provides the disclosure that we've been waiting for THEN we can expect a whole different story IF enough potential investors are keeping their eyes on Veltex, otherwise it will just sit there at the current price.
Best wishes,
Gratzi
It's interesting, but as we notice, it's not much volume still. Also, it seems that the buyer is just buying small amounts so as not to raise the ask price too high. Also, the buyer seems to be exercising caution in efforts to avoid being a big sucker.
This is a minor flirtation with the stock that the buyer displays. It could possibly lead to further advances, but for now it doesn't account for much.
We can't expect much until we get a Press Release that clarifies the Financial Status and Reasonable Expectations of the company. We need real actions in addition to the Annual Shareholder meeting that took place on March 10, 2009. It's been over 1 1/2 months and we haven't heard anything. Even though it was great news to have the Management Change, the stock is not going anywhere lately.
Will VLXC be held by more than just a small number of shareholders?
Is the only value of the company comprised of it just being a public company?
It seems that the company has not much left in Assets and most likely a lot in Liabilities.
Can Veltex survive?
OT: Let us all pray for the victims of the Earthquake in the Abruzzo region of Italy. Pray for mercy and compassion.
Developing story
msnbc.com news services
updated 12 minutes ago
L'AQUILA, Italy - A powerful earthquake in mountainous central Italy knocked down whole blocks of buildings as residents slept early Monday, killing at least 91 people and trapping many more, officials said. Tens of thousands were homeless and at least 1,500 injured.
The earthquake's epicenter was about 70 miles northeast of Rome near the medieval city of L'Aquila.
"A few houses have remained standing, but just a few," Stefania Pezzopane, provincial president of L'Aquila, told the Corriere della Sera newspaper.
The earthquake struck at 3:32 a.m. local time in a quake-prone Abruzzo region that has had at least nine smaller jolts since the beginning of April. The U.S. Geological Survey said Monday's quake was magnitude 6.3, but Italy's National Institute of Geophysics put it at 5.8.
An Italian Cabinet minister, Elio Vito, told lawmakers that 91 deaths have been confirmed.
Officials said the death toll was likely to rise as rescue crews clawed through the debris of fallen homes.
L'Aquila Mayor Massimo Cialente said some 100,000 people were homeless. It was not clear if that estimate included surrounding towns. Some 10,000 to 15,000 buildings were either damaged or destroyed, officials said.
As aftershocks rumbled through, slabs of walls, twisted steel supports, furniture and wire fences were strewn about the streets and a gray dust carpeted sidewalks, cars and residents.
A resident standing by an apartment block that was reduced to the height of an adult said: "This building was four stories high."
In another part of the city, residents tried to hush the wailing of grief to try to pinpoint the sound of a crying baby.
We agree about thanking those that went after Matin and aiming to cleaning up the company. It was a noble gesture as they were fighting for justice.
It's definitely a very exciting time for Veltex. A time full of mystery and intrigue. There are so many questions. The main question is if this company will ever recover and rebound. That's all we really need to know.
At least we know that it's much different than the same time a year ago. Matin is gone. Will Veltex shareholders be able to recover anything from Matin? (Even if the answer is yes, it would probably take a long time - so if that's all the company is focusing on right now, then we can expect the stock to sit still at the same price approximately for a long time). It seems that this is the scenario we are experiencing, unless we receive some sort of informative Press Release of an uplifting nature, that shows efforts to revive the company as a REVENUE GENERATING ENTITY. The New Management needs to answer this question:
"Will the Company be GENERATING REVENUES AND NET INCOME IN THE MILLIONS OF DOLLARS IN THE SHORT TERM FUTURE (6-9 MONTHS FROM NOW)? (ANSWER, most likely is NO. Therefore, Stock price, being a reflection of anticipated Net Income Performance is expected to go nowhere - Maybe the Game is not over but we might be stuck in a hole that will take a VERY LONG TIME to GET OUT FROM).
Gratzi
If we could only make money betting on the stock price staying around the same price. It's very likely that VLXC will remain the same price for a long time. (It is even likely that the price will go down, after the current market rally fizzles)
Below is a "Reality Checklist":
1. Based on the fact that it took over a year of legal activity to finally get New Management, the other matters such as line of credit and capital financing may not be so reliable.
2. Who is really gonna buy this stock above 0.02 when it's been sitting at approx. 0.01 and lower for a long time? (even if it did go to 0.02, it would most likely be short lived, or just sit there at that price and not go much higher from there - it is highly unlikely to ever reach 0.10 or above - we'd make more money betting on it staying below 0.10 then going above 0.10, and if it ever hit 0.10 then an immediate sell off would occur - it would not be able to sustain 0.10 for a reasonable period of time)
3. Investors are afraid of jumping into penny stocks, because of a lack of disclosure.
4. We're still waiting for an official recovery in the market as a whole, even though there have been recent consistent gains in the last few weeks in the Dow Jones.
5. Many that would have been potential investors in Veltex do not exist now because they lost big portions of there 401k and other investment accounts in the downward spiral of the stock market.
6. Veltex may even have to issue more shares, thereby bringing down the stock price, in order to generate cash.
Does anyone here believe that VLXC could go up to 0.05 or higher within 30 to 60 days from now?
What is your forecast for the outlook of VLXC given what we know/don't know right now? (or the potential given that New Management is in place, that's trying to get the ball rolling.)
Can we expect any New Press Releases soon to follow after the one we just got last week about the New Chairman and Board of Directors?
Will Veltex obtain an impressive line of credit? Will Veltex have to issue more shares to stay afloat? Will new investors or current investors start rushing in to buy Veltex shares in anticipation of good news for Veltex?
Or will VLXC just sit still with little possibility of it going above 0.02?
What is the general feeling here? Are we all equally confused about VLXC? (It might fly to a nice high price or just sit flat. It seems that we're all just waiting on he sidelines as SPECTATORS and not SPECULATORS - WE'RE ALL JUST PLAYING THE 'WAITING GAME')
Gratzi
Yes, we need to know "what's left of the company, and what, if any, are the business plans going forward."
As far as the shares that Matin personally "pledged" millions of shares of his own as collateral for Veltex to obtain the loan to buyback company shares, it seems that this is a situation actually between Matin and the Lenders'(Dafcan Finance and One Equity Corporation of Westerville, Ohio a/k/a "The Defendants"). The main question is "will the Lenders ("The Defendants") still have to purchase shares and deliver them to Matin, or just reimburse him in the form of Cash?"
Please note: Veltex is not a party in the litigation.
It doesn't seem that the case will have much of an impact on Veltex shareholders.
Here is a Press Release from the past as a reference:
LOS ANGELES, July 25 /PRNewswire-FirstCall/ -- On July 20, 2007, the United States District Court for the Southern District of Ohio ordered that Dafcan Finance and One Equity Corporation of Westerville, Ohio deposit common shares of Veltex Corporation (Pink Sheets: VLXC) with the Court. The Court's order arises out of a suit filed by Javeed Matin, principal shareholder, against those entities with respect to a transaction pursuant to which Mr. Matin pledged 2,000,000 shares of his stock to secure a loan for financing a stock buy back program of Veltex Corporation. Veltex announced late last year a share repurchase program. Mr. Matin alleges that the shares were improperly sold during the month of March of this year in violation of the loan agreement and has sought to rescind the transaction. The defendants contend that the shares were transacted pursuant to the terms and conditions of the loan agreement, and that Mr. Matin is in breach of his obligations under that agreement to repay his loan.
In a prior proceeding on May 29, 2007, by agreement, the defendants were ordered by the Court to repurchase 2,000,000 shares, in the open market, by June 29, 2007. However, the defendants revealed that they were able to purchase only 116,000 shares because of market conditions. Mr. Matin has requested that Dafcan and One Equity, and their principals, be held in contempt. The Defendants contend, there was no contempt of the Agreed Order. The hearing is July 31, 2007 in Columbus, Ohio.
The pleadings in the case can be seen on http://www.uscourts.gov/ or by access through the PACER Service Center at Case No. Case No. C2-07-A52 United States District Court for the Southern District of Ohio: Javeed Matin v. Dafcan Finance et al. Veltex is not a party in the litigation.
The recent news was expected and doesn't seem that it will be the type of news to drive up the stock price. It may be a "catalyst" for change towards a positive direction EVENTUALLY (we just think it may be a long story ahead). If they keep on issuing Press Releases without Quantitative Information, we should expect little or no reaction in stock price.
We are living in times where everyone is getting "back to the basics" specifically, we have to see concrete numbers before we jump in. Many lost a lot of wealth and suffered - we don't see VLXC as a 'huge source of wealth' right now. It could be, but we don't have any reliable information yet. The recent PR is a good sign that management has officially changed - we just have to see what they are really able to do (i.e. can they "walk the walk" or just "talk the talk"?)
There is no "Quantitative" information in the Press Release - it's just more of a self-congratulatory message to the new board of directors and chairman of the board. There is mention of "capital financing" and "lines of credit", but NO QUANTITIES mentioned.
Therefore, the formula to explain the lack of reaction to the Press Release is NO QUANTITATIVE INFO = NO STOCK PRICE CHANGE (NO REACTION). (Of course, there is a chance that the stock may spike and then return back to lower levels - like true PUMP and DUMP fashion) Most likely, the stock will go up just a few tenths of a penny and just sit there. Which for most of us translates as "Not much of a reaction" because we don't recover most of our losses.
Best wishes,
Gratzi
Sky-King, Do you own ANY shares of VLXC?
What is your forecast for the next 90 days for VLXC?
Do you believe it will ever hit 0.10? If yes, how soon? If no, how high do you think it will ever go? (i.e 0.02, 0.03, a bit more, perhaps?)
Are you taking into consideration that there is New Management in place? We can expect clear communication from Management from these days forward, right? (We should expect, for example, clarification as far as Financial Figures like Cash, Inventory, Fixed Assets, etc...)
Any questions, comments, or suggestions?
We're interested in hearing from you. Now that management has changed, do you believe that we are possibly due for a nice turnaround for the company, fairly soon?
Regards,
Gratzi
You're right again. Just look what happened today. The DJIA goes up almost 500 pts for the day and VLXC doesn't move at all.
Who's really gonna buy VLXC? Everyone left holding is just waiting forever for this to 'pop' to break even from there long positions of heavy losses. Most likely it will take the Company having a lot of Cash (which it probably doesn't have) to buyback millions of shares to bring up the price. This seems highly doubtful that the Company or anyone else is gonna buy, UNLESS there is SERIOUS CHANCE of this COMPANY becoming a REVENUE GENERATING ENTITY.
Best wishes,
Gratzi
I agree with your illustration of "VLXC is now in a Coma". And you have a good point that it doesn't seem prudent to sell the shares just to get the Tax Savings from the Capital Loss. It seems that, even if it moves slowly, the stock is headed into positive territory, or at least we can't lose much more from here if it slips down further for a while. This might be the time to "get in" before it "explodes" in price (just imagine how many will feel if this goes to 0.05 or more and they could have bought in for about 0.014 or so). Think about this, who would be selling now? Only those margin traders forced to sell most likely. And those making nice gains in the recent market rally we've seen for the past 9 days or so might take a look at VLXC and be willing to pour some of there winnings in our direction. At least we agree that we expect some exciting news on the way for us.
Like I've mentioned before "Hold on Tight, It's gonna be an Exciting Ride!"
Pual, thanks for your input here.
Good luck to all.
Gratzi
Anyone here feel that VLXC can JUMP to 0.05, 0.10, 0.15, 0.20 or higher within the next 90 days or so?
Item to Consider:
With New Management at the Helm it seems that we'll have more disclosure about what we've been wondering about (Cash, Inventory, Fixed Assets, Projected Income - if any)
Any suggestions about finding out about more info?
Good luck everyone!
Gratzi
Hey, it looks like VLXC might be on the way up, base on the last couple days. The bid price changed recently from .0085 to .011 and the ask price changed from .011 to .013 to .014 in recent days. Somebody has been sneakily buying even though it shows volume of Zero, those trades must not be showing in the system perhaps. Why otherwise would the bid & ask prices be increasing?
VLXC might be on its way up. Or maybe this is just market related movements, with the last 6 trading days or so of almost each day seeing nice gains in the Dow Jones Industrial Average. It could be that if the market starts slipping back again that we might see VLXC slipping back down also. Anyone here like to guess which way VLXC will go?
If we get a really nice Press Release from the Board of Directors or maybe a NEW CEO of Veltex, it will be very interesting times for Veltex.
Everyone hold on tight for the ride ahead. We got exciting days ahead of us. There's gotta be some kind of news coming out soon!
Best regards,
Gratzi
You picked choice #3, which means you believe that the stock is gonna increase. Please explain. Does your choice have anything to do with the Recent Change of Management? Anything to do with expected Financial Figures (Cash, Inventory, Fixed Assets, etc...) What if the company has very little left in Cash, Inventory, Fixed Assets and has a lot of bills to pay its Vendors/Creditors?
Actually, as a hypothetical situation, let's say that there is $3 Million in Inventory and 30 Million Shares Outstanding. This would mean that Inventory = 0.10/share. It would be interesting to find out the Current Ratio of the Company (Current Assets/Current Liabilities). We need to know if the Company is Solvent and how much Inventory is Available for Sale.
You're right. There are so many white collar criminals out there that there's not enough good guys to take the bad ones down.
Also, you seem to have a good analysis about the direction of the stock price expected to stay the same for quite some time. Because who's really gonna take a chance with Veltex after the downward spiral in the Stock Market. Those that are severely wounded most likely won't take a chance with Veltex.
But who knows? Life is full of surprises. Maybe someone will have some special interest in buying whole bunch of Veltex common shares due to certain future plans for the company. There are those out there that find this to be quite an attractive investment for a number of reasons.
Please make your forecast, right now. What will be the overall movement of VLXC Stock for the next 30 Days?
Will VLXC 1.Decrease, 2.Stay the Same, or 3.Increase (Make your selection 1, 2, or 3?)
Thank you.
Gratzi