>>" We will try to back this week as much we could.

China trip will be very good."<<

I personally think the China project is a misplaced priority and with poor timing. I think the market agrees with my feeling, hence the retreat of nearly 30% in share prices.

Matin thinks he is getting a positive exposure by going to China, and he went all out to pump how big and how profitable this might be. But, the facts, I am afraid, might be exactly opposite.

The priority is really simple as everyone points out:
audit and credibility.

China trip and project at this time strains time and resources from achieving the number 1 task at hand.

The Chinese market is no longer like it was 5-10 years ago. It is very competitive (actually cut throat), and it takes large economical scale to have a chance. In fact, it is much easier to lose your shirt in China today than to come out even and alive.

Mushroomman:

Good morning! What is the official date on record for the company to do the audit?

VLXC is trading like some bad news is on the way. At 22 mm OS and $0.21/share, the market value is $4.62 millions. Who is Matin kidding that he put up $7 million of his own cash to start VLXC?

Many 4000 sf California coastal homes are worth more than $4.62 million! Market is trying to say something about VLXC that is the total opposite of what Matin and Stephen try to lead us to believe.

What is it taht the marketing is saying?

George

I really do not want to be here, at least not like this. I am a bag holder of VLXC. I have to hang around and care about VLXC. I have my own money on the line.

What is really sad is that I do not think Matin has any of his own money in VLXC. He is just using it to get cash flow into his own pocket on a regular basis. And, Stephen, who claims to be a distressed asset professional, will walk away a winner no matter the outcome, because he has not put even a dime of his own into this, at lease not yet.

My post was only to stimulate thinking that Stephen might just be the most recent smoke screen set up by Matin.

Just watch the tape - how VLXC trades.

Just watch market actions more, and listen to Javeed or for that matter Stephen less.

There are still differences when things are in writing. First, it makes it universally available for reviewing. Secondly, we do not have to listen from you or anyone else for 2nd and 3rd hand hear say etc.

Stephen did not have to lie to mislead. And he is out to make a few bucks for himself.

>>Stephen says he has made NOTHING so far.<<
May be true, but he has cost VLXC at least several thousands in expenses already. But until we see some positive market actions, his efforts are merely additional expenses and costs to VLXC.

>>The jury will return by the end of this quarter so not long left to judge Stephen. He HAS TO get the audit out AND do a large stock repurchase and he knows this.<<
Fair, please let us know when this deadline is up and tell us how Stephen has done at that time.

mushroomman:

>>I have also been encouraged by Macklem's presence here. The man is paid with options that he has to pay for and then sell. It is in his interest to move the price higher. If he can't he has worked for nothing. <<

Did I miss something here? Was there a detailed release as to how Macklem is or will be compensated for his work and contribution to VLXC? If not, I'd suggest that everyone refrain from posting hear and say as it was a matter of fact. Macklem is in this for his own interest. He could be misleading (he does not have to lie to mislead) as well.

In reality, market actions have not been favorable since Macklem's joining Matin's effort. Hence, Macklem is costing more than he is worth so far from market point of view.

Macklem is costing VLXC lots of expenses even if he is not paid any wages. Market has been trading worse since Macklem's involvement. Does it tell us something?

I'll raise my faith on Macklem or Matin only if either one buy substantial VLXC shares in the open market with their own money.

Just curious. Why so many people here put so much hope or faith on Macklem? I have no reason to doubt Macklem's integrity. However, I think Macklem is involved to make some doe for himself. No more no less.

I believe that Macklem is experienced enough (making money or sucking blood from distressed co.) to walk away more or less a winner no matter what happens to VLXC.

Do not bet on Macklem too much, just my opinion.

That is another fair statement. I continue to wonder where all these seemly free (or really cheap) VLXC shares are coming from?

That is a fair statement. I guess you have bought some VLXC since 3/17/07?

Matin's sell program continues and getting more desperate..

Matin is still raising fund to cover the hotel bills in China...
Then, still needs to sell some VLXC shares for meals and entertainment..

It is just a tease, or maybe not?

Thanks for the important account of os shares. Appreciate qualification on two questions:

1. How did Matin's 6 million come about?
2. Last earning report, based on the number given, total share should be now over 22 million, but how? Do you agree that the extra 2.5 million was given to Macklem?

That is what I suspect and fear, judging from market actions, -- same old medicine in somewhat new bottle.

I do not know where the shares are from. I only know I am deep under water and not selling, nor buying.

My speculation is insiders have been selling shares with costs next to nothing....while claiming buying back...

More little guys are being sucked into the game..

Let's hope that it is just a tease -- Matin is selling VLXC shares at $0.23-0.25 in order to pay for China travel expenses for him and Stephen... It will take 40k shares to cover $10k expenses for two at $0.25/share.

Mushroomman:

If Mackelm got his option exercise price at $3 while the market price was $0.25 at the time of negotiation, then I think we have the wrong guy for us.

Whoever told you this, in my opinion, either was full of b.s. or did not give you the whole scoop.

Respectfully,

George

Is Macklem God or what - 2.5 million shares option? That is nearly 13% of all O/S shares according to your account.

I am a true believer of market actions. While proper investors communication is beneficial for all concerned, it alone will not affect the stock price for any length of time.

For VLXC to be trading at this level for so long, only poor fundamentals can do this. That means, Matin as well as Stephen is not telling all the truth to us.

In the long haul (1-2 year is good enough), market always has a way to reflect the true value of a company.

The question that I am curious about is how we, regardless of our investing experience, have been mislead into this mess.

Bruce:

This help is to the credit of jdxx on SI:

Scroll down the page about 3/4 of the way, the registry fix took care of the false DVD device driver hold up:

http://forums.microsoft.com/TechNet/ShowPost.aspx?PageIndex=2&SiteID=17&PostID=485764

Thanks,

George

Me too. I'll add more when there are market actions that suggest improving fundamentals.

Talk and pump is cheap and does not work any more.

Yes. I did. It did not fix it. I also noticed that the Sandisk flush drive is now E drive (used to be NEC DVD drive).

Somebody else suggested that I needed to do some registry delete. I'll try later as I need to save data on my flush drive in case disaster strikes.

My xp desktop system has a NEC DVD+RW and a Samsung DVD-ROM. When I tried to use a Sandisk 4g Cruzer flush drive, some how I corrupted the DVD and ROM device driver.

The Add Hardware Wizard is reporting Code39.

How do I restore the DVD device drivers? And, what did I do wrong on the flush drive?

Thanks in advance,

>>"dual listing on the shanghai exchange - now that's a good one."<<

I have to be more positive about VLXC simply because I happen to be one bag holder.

But, I absolutely have to agree with you on this cheap pump. Actually, I literally fell out of my chair when I first read about it.

How could anyone make such a big misleading announcement when in fact it was only a visit and inquiry to a stock exchange? Actually, anyone (tourist included) can do the same -- pay a visit and make the listing inquiry to Shanghai Stock Exchange.

However, market knows better.

I hope the great VLXC company buy back program is turned on to stop the melt down. $0.25 and going lower...

Let's hope that it at least covers travel expenses... Moving into Shanghai and China nowadays belongs to big time players. Let's hope VLXC is up to it.

Will I be able to use my 2004 Office suite in a new Vista machine?

Thanks.

It appears that the VLXC CC is a non event to the market. Little volume and little movement.

If Matin was a crook, it does not mean a thing to the market as to what he is saying, or does it?

Let us wait and see what he does instead.

Selling shares at $0.2-$0.3 a share to finance operation while he claims millions of operation profit, it just does not make sense to me.

I bought a few shares of CBAK yesterday @$4. Will buy more over the next few weeks as the stock settle... Will sell when quick profits are offered..

VLXC releases 2006 result:

>>>
Veltex Corporation Reports Strong Year End 2006 Earnings On Target

Feb 7, 2007 08:00:00 (ET)


CITY OF INDUSTRY, Calif., Feb 07, 2007 /PRNewswire-FirstCall via COMTEX/ -- Veltex Corporation (VLXC, Trade ) today announced revenues for the year ending December 31, 2006 topping the $70 million mark as expected.

Revenues for the twelve months ended December 31, 2006, totaled $70,131,941. Gross Profits for the twelve months ending December 31, 2006 were $15,689,013 with net income of $5,545,246. Total assets also reached a record $53,468,837. With approximately 20 million shares outstanding, Veltex Corporation is pleased to report earnings per share of $0.252 for the twelve month period beginning January 01, 2006. A copy of the full financial report can be found on the company's website at www.veltexcorporation.com .

Javeed Matin, CEO of Veltex Corporation, stated, "The Company is very pleased to be reporting numbers that are reflective of our hard work and efforts to bring Veltex to the next stage in our growth projections. The strong supports of our shareholders and employees have added to our tremendous success over the past twelve months. The major acquisition of Veltex-Canada has continued to help us drive revenue and increase growth on aggressive targets that were set early in 2006."

Matin stated further, "Over the next few weeks Veltex will be announcing several major developments surrounding our worldwide expansion program. Our Veltex-Apparel acquisition in Canada has been very successful to date and the Company is now looking to expand operations further in the US and in China."

Veltex will host a teleconference with shareholders the week of February 14th to update shareholders and interested parties on the Company's progress, plans and new developments. An exact time and date will be announced with information on participating in that call.

Matin added, "I want to once again personally thank all of our shareholders and employees for their continued support."

ABOUT VELTEX CORPORATION

Veltex Corporation headquartered in City of Industry, California, with distribution centers in the USA, Canada and factories in Bangladesh, is a vertical manufacturing and import/export company with five subsidiaries. It designs and manufactures Brand named apparel and Caps for the promotional products industry. Also, it manufactures high quality custom Headwear for Tommy Hilfiger, specialized textiles primarily for use by manufacturers of automobile interiors, upholstery for furniture manufacturers, and ready to wear garments. It specializes in denim, microfilament, velvet, twill, canvas, duck and pinpoints oxford fabrics.

Veltex Corporation is committed to providing superior apparel and textile products to the U.S. and Canada at the lowest possible price and with delivery times superior to any in the industry. It is equally committed to always exceeding customer expectations and shareholder value.

FORWARD-LOOKING STATEMENTS

Safe Harbor: Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. These risks and uncertainties include, among other things, volatility of market prices, product demand, market competition, risks inherent in the Company's international operations, and the Company's ability to replace and expand.

SOURCE Veltex Corporation


Veltex Corporation, US +1 9095951977 Call



http://www.veltexcorporation.com

<<<

Using the earnings data I calculated the O/S to be just a bit below 22 million and 5 thousand shares. This is 2 million more than last count of 20 million shares, right?

If true, where are the shares coming from?

I just got a reply from DBHT Investor Relation Dept. that says no date has been scheduled yet.

Yes, I'm holding some DHBT.

Trading actions are so solid that they imply steady turn around in the company fundamentals.

Dou you know when the shareholder meeting will be held?

Mini pump and dump? Or, dead cat bounce?

Market has spoken. And, I was dead wrong again. My retracement low of $0.33 was easily cut through like butter. It's heading to $0.25 as I post. VLXC stocks indeed are sick. It does imply much more pains ahead for me and other bag holders.

On VLXC trading: The digestion progresses much slower than expected. Looks like it will take a lot longer (1-2 weeks?). However, I still stand by my retracement low of 33 cents.

Robert:

Congratulations on your impressive winner pick in 2006!
Let us know what you pick for 2007 please.

Happy New Year!

George

Added DHBT $2.85, break out continues nicely:

http://www.investorshub.com/boards/read_msg.asp?message_id=15791045&txt2find=dhbt+

My wild guess on VLXC trading for the week:

- retracing for 1-2 days, low to $0.33. Retail buyers have to pay min. $0.35 to get shares.

- Since there are only 4 trading days, braking out over $0.55 is only guessed at less than 20% chance.

- Most likely, it will test $0.55 again on Thursday or Friday, with year end close at $0.50(60%), $0.4 (20%), $0.65(20%).

Bought DHBT $2.65 & $2.7. Breaking out from a nice pattern.

Added more DHBT $2.65 this am. Break out mode confirms.

Now it's legit, good trade! After all, making money is what really counts here.

The short term technical strength of VLXC is very strong now. I'm prepared to be surprised in terms of year end closing share price.