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I've seen other companies treat those investors who purchased shares in a Private Placement offering very well.
The shares are "restricted", so they must wait 1 year to sell them.
Often, the company will come out with great news and jack the price way up so these investors can sell with at least a 100% profit.
I can provide examples, but I'd hate to bore you.
Who knows? Maybe he has a PIPE deal going and they shorted a billion shares. C.E.O. may agree to sandbag for a while in order to receive the funding. In the end the big investor makes big money, Anthony has money to expand, and the patient investors make 1000%. A gamble? Sure, but risk/reward baby!!!
Where's the Wells Notice?
What's that? There is none?
Give the co. a chance. What have they been operating for 1 year yet? Are you sure their King Offer web site won't work?
Check out Google, they make lots of money on ads. Once everything is in place, then I would expect them to advertise.
If you have a crystal ball, I'd like to see it.
Posted by: pual
In reply to: Growth And Value who wrote msg# 10386 Date:9/23/2005 9:10:43 AM
Post #of 10542
No one in here does negate that Veltex is an operating company doing some business and apparently (BBB) doing it appropriately.
That would be great if I only was a customer. Thanks.
The problem is that I am a shareholder and would like to no what the value of the company realy is. BBB doesn't help me knowing that.
Matin is the only one who knows, he behaves as if he owned the company privately and as if he had full control (50% + ownership) of it.
In this situation he can do whatever he feels like, even sell it at 120% current PPS (or have it taken over) to whoever he wants to (protecting his own interest behind the door). If you beleive 10,000,000 shares are outstanding (I realy do not understand base on history how Matin could control 5,000,000 of them or at least enough to have control), it means Veltex, whatever it realy is, could be bought for $12,000,000 or so if the BOD (???) accept the offer.
Like it or not, we would only have to take that and walk away pissed but powerless legally.
I do not say that this is what Matin plans to do but only put it up to show that we realy are powerless and we effectively BET blindly on Matin, hoping for the best.
If it is true that Matin has an option to sell all or part of Veltex Corp. for $12,000,000, and if the buyer required at least a 16.67 % return on investment (reasonable in my opinion), then it would make sense that Veltex is earning at least 2,000,000 per year in net earnings.
2,000,000/9,732,087 = $.206 earnings per share.
Give it a fair P.E. of 10, and that equals $2.06 share price.
This is by no means a best case senario. In fact, it basically leaves the Mill out of the equation completly.
If the debt/ownership issue with the Mill is fixed and financials are verified (or even 75%), a large upside is clearly possible IMHO!
I agree with you. MM hope is to scare everyone out, or wear you out where you just get tired of it.
4 months ago this stock was .0017 adjusted for the stock dividend. Now it's worth .0001? I don't get it. MM use psychology (and perhaps bashers) to make tons of $$$ off us.
After most people are out, they will probably run it up to get other people in, and then do the same thing.
I plan to be here when they run it up. IMHO!
Until I'm proven wrong, I'm going to place a higher valuation based on K.C.A. Garments. I think these three links provide some basis for my argument. I just think the stock was more fairly valued when it was $2.55 a few months ago.
http://money.cnn.com/news/deals/mergers/reports/669414040.html
KCA Garment Industry Ltd &
Veltex Corp Update Date: 07/29/04
Date Announced: 01/22/04
Value (million $USD): n/a
Status: Completed
TRANSACTION DETAILS
Date Announced 01/22/04
Date Originally Announced 01/22/04
Format Acq. of Assets Acquisition techniques Not Applicable
Attitude Friendly Agency n/a
Value n/a Advisor Fees n/a
SYNOPSIS
BANGLADESH - Veltex Corp acquired KCA Garment Industry Ltd, a shirts, jackets, and overalls manufacturer.
TARGET
Name KCA Garment Industry Ltd
Industries Women's, misses', & juniors' blouses and shirts; Broadwoven fabric mills, cotton
City Dhaka
State n/a
Nation Bangladesh
Incorporated in n/a
Public Status Private
Business Description Manufacture shirts, jackets, overalls
Advisors n/a
Target Sales n/a
ACQUIROR
Name Veltex Corp (Pink Sheet : VLVT)
Industries n/a
City City Of Industry
State CA
Nation United States
Incorporated in UT
Public Status Public
Business Description Manufacture textiles
Advisors n/a
Acquiror Sales n/a
http://www.apparelresources.com/defaultnextseven.asp?msg=4187&cod=newsindetail&nam=
Veltex to Buy Bangladeshi Shirtmaker
US clothing and fabric maker Veltex’s clothing division has signed a letter of intent to acquire Bangladeshi shirtmaker KCA Garment Industries for an undisclosed sum. KCA Garment is a long-standing customer of Veltex’s textile unit, has 750 employees and reached sales of $ 14.1m (€ 11.2m) in 2003.
http://www.bdtradeinfo.com/yellowpages/search.asp?search=Veltex&B1=GO
Title: . Veltex Corporation
Address: . 36 Kamal Ataturk Avenue Delta Dahlia 2/B Banani
City: . Dhaka-1213
Country: . Bangladesh
Telephone: . +880-2-9886551, 9882185-6
Fax: . +880-2-9886551
Paul, I still think the fundamentals are better now then they ever have been. Matin Acquired Veltex-Explorer with less than 2 million shares and cash. The return on investment is quite good with 1 million in net earnings per year (maybe even more). Matin is the C.E.O. in Canada, so it should be no problem with this being consolidated.
I still think 2003 was the low point and things get better from here. Just my humble opinion.
VLXC up and running on Great Earnings news:
CITY OF INDUSTRY, Calif., Oct. 10 /PRNewswire-FirstCall/ -- Veltex Corporation (OTC: VLXC) today reported (unaudited) revenue of $16,740,888 for the third quarter of 2005 and net pre-tax income of $3,318,177. First half revenue is restated at $25,956,800 and includes $7,795,800 from Velvet Textile Mills that was omitted from the previous press release solely based on the fact that those figures had not yet been finalized at the time of publication. Net income from the Mill for the same period was $1,637,118. Revenue for the first three quarters of 2005 is $42,697,688 and income is $6,311,295.
Javeed Matin, CEO of Veltex Corporation stated: "We are excited with our progress in expanding our business and our continued strong revenue stream. Our tradeshow attendance is paying dividends as distributors are coming on-board in ever increasing numbers. Veltex-Explorer is fully integrated and making significant contributions to our bottom line and our licensing agreements are proving fruitful. We feel certain that we will meet our revenue goal of $60 million for 2005 with a net income of between $9 and $10 million. As we look forward to annual increases in revenue and net income, we obviously feel that our stock is considerably undervalued. We are confident that our efforts will remedy this situation in due course."
There are 9,732,087 shares currently outstanding with expected 2005 earnings of $.92 - $1.02 per share.
Veltex Corporation is a vertical manufacturing import and distribution company composed of four divisions: Veltex Apparel, specializing in caps, apparel and apparel accessories for the Promotional Products Industry and distribution of merchandise in the U.S. market; Veltex-Explorer, Inc. (Explorer Headgear), a manufacturing, import and distribution company for the Promotional Products Industry in Canada; Velvet Textile Mills, specializing in the manufacture of high quality fabrics including velvets, 100% cotton twill, denim, and sheeting for consumer and industrial products; and KCA Garment Industries, specializing in the manufacture of garments.
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.
http://news.moneycentral.msn.com/ticker/article.asp?Feed=PR&Date=20051010&ID=5178042&Sym...
Oh J.D. missing that 2ft. put in OT.
What a heartbreaker! Oh well, he had a very good tournament and got a lot of air time and fan support.
John was 2nd in Germany about 1-2 months ago, so seems like he still has enough talent to be a contender.
It would be nice if his shirt had Veltex on it though.
It would also be nice if we could see J.D. apparel on the Veltex, or the Veltex-Explorer (Headgear) site.
I guess time will tell.
Fairly decent volume for this lately, maybe something is "brewing", you never know.
VLXC posts great results through 3 Qtrs of 2005
CITY OF INDUSTRY, Calif., Oct. 10 /PRNewswire-FirstCall/ -- Veltex Corporation (OTC: VLXC) today reported (unaudited) revenue of $16,740,888 for the third quarter of 2005 and net pre-tax income of $3,318,177. First half revenue is restated at $25,956,800 and includes $7,795,800 from Velvet Textile Mills that was omitted from the previous press release solely based on the fact that those figures had not yet been finalized at the time of publication. Net income from the Mill for the same period was $1,637,118. Revenue for the first three quarters of 2005 is $42,697,688 and income is $6,311,295.
Javeed Matin, CEO of Veltex Corporation stated: "We are excited with our progress in expanding our business and our continued strong revenue stream. Our tradeshow attendance is paying dividends as distributors are coming on-board in ever increasing numbers. Veltex-Explorer is fully integrated and making significant contributions to our bottom line and our licensing agreements are proving fruitful. We feel certain that we will meet our revenue goal of $60 million for 2005 with a net income of between $9 and $10 million. As we look forward to annual increases in revenue and net income, we obviously feel that our stock is considerably undervalued. We are confident that our efforts will remedy this situation in due course."
There are 9,732,087 shares currently outstanding with expected 2005 earnings of $.92 - $1.02 per share.
http://news.moneycentral.msn.com/ticker/article.asp?Feed=PR&Date=20051010&ID=5178042&Sym...
Daly THE LEADER by 1 shot after 3 rounds In 'Frisco!!
He will get lots of air time tomorrow and just may get a WIN.
GO John & Go Veltex!!!
John Daly just 1 shot off the lead right now in San Francisco.
Veltex is adding sales and earnings from it's license to sell John Daly merchandise.
The earthquake was centered in Pakistan (very tragic and my thoughts and prayers go out to them!!!) with some effect on Afganistan and India. Bangladesh is more than 1,000 miles away. I doubt that anyone in Bangladesh felt it.
I tried to!
I tried to buy a modest 1,000 right near the close at 0.78, but my order didn't get filled, the ask went up to 0.82.
I agree with you that $0.75 is an important (hopefully support) level.
I'm also holding some $$$ just in case it does go to $0.50.
The key to me is (Is K.C.A. for real and generating 2.2 million as Matin has claimed in the past)?
I'm confident that K.C.A. is for real, but proving the numbers is very hard. Here is what I have found:
Factory Profile - Overview Overview Detailed Profile Product Portfolio
KCA Garments Industry Ltd.
Add to my address book(Only for Buyer)
Factory Head
:
Mohammed Zakir Hossain
Designation : M.D.
Contact Information
Contact Person
:
Mohammed Zakir Hossain
Designation : M.D.
Fax : 02-8824509 ,
Est. Year : 1994
Factory Address : 109, South Goran , Dhaka-1219, Bangladesh.
Veltex Bangladesh Sales office:
Delta Dahlia Tower,
36 Kemal Ataturk Avenue,
Suite # 2/B,
Banani,
Dhaka 1213,
Bangladesh.
Telephone: . 011+880-2-9886551, 9882185-6
Fax: . 011+880-2-9886551
http://www.bdtradeinfo.com/yellowpages/search.asp?search=Veltex&B1=GO
I called the 011-880-2-9886551 number and did reach a women who said this was Veltex. It was hard to talk to her though.
Veltex Corp., USA, has signed a letter of intent to buy KCA Garment Industries of Dhaka, Bangladesh, as part of the expansion of its Veltex Apparel apparel division.
One of the largest shirt manufacturers in the Dhaka area, KCA had sales of $14.1 million in 2003. The company has been manufacturing woven shirts and pants since 1988. It employs around 750 people and operates in a 30,000 sq. ft. plant and warehouse facility.
http://www.bangladeshgarments.info/bgmea/y_pages/apparel/common/index.cfm
http://money.cnn.com/news/deals/mergers/reports/669414040.html
Javeed Matin, CEO of Veltex Corporation, commented, "We are very pleased to consummate this acquisition as KCA Garment Industries is one of the largest garment manufacturing plants in Bangladesh with 900 full time employees. This will allow Veltex to be extraordinarily competitive, offering its quality products at the lowest price of any major provider to the U.S. market, as labor costs in Bangladesh are 95 percent lower than the U.S. This year KCA will do about $20 million in total sales with $2.2 million in net income and we expect the company's sales will increase an additional 20% in 2005.
http://www.globeinvestor.com/servlet/ArticleNews/print/PRNEWS/20041227/2004_12_27_09_3114_1281940
Sorry if I'm boring you with the details, but this is what I know, which isn't very much!! Good Luck G&V
Trading at CASH VALUE?
Didn't the auditor verify that cash at 12/31/2003 was $8,344,621?
My theory is that 6 million of this cash was used to buy K.C.A. garments. I also believe that K.C.A. garments is generating 0.22 in EPS.
I believe that the 1.3 million earnings for the first 6 months is accurate. If so, I see about 0.30 EPS for the year 2005 and a fair value of $2.40 Just my opinion as always.
Paul, I guess this is the "normalization" that you were talking about. One thing to think about is these numbers only reflect 1 month of Veltex-Explorer. (June 1 -June30).
Add to that the 2.0M projection vs 1.4 in the last three months for Veltex-Explorer, and the third quarter SHOULD be better.
If current net assets are $14,748,000 or $1.48 per share, then either Matin should be buying lots of shares or even selling the company for this amount.
The John Daly deal should be done with ALL cash.
VLXC investors deserve much better than this. Matin should have lots of cash somewhere, he can only be redeemed if he gives us a cash dividend, share buyback, or all cash acquisitions. MATIN YOU OWE US!! PLEASE HELP US !!!
These results seem much more believable to me.
VLXC has an NOL carryforward of 1.8 Million, so they should have very, very, little taxes.
That would mean about .13 eps for six months.
Given expected growth, I think the P.E. for the year is about 3. Still very undervalued IMHO.
13 Total posts, 13 posts bashing UNQT!
Is this your job?
Congratulations, you have done well with your short selling.
Eden Development Group is working on renovation projects. Some may generate revenue and income in a fairly short time.
Anthony tells me that the major growth driver will be KingOffer. If he can get some banner advertising and some franchise buyers together, perhaps the listing on Google will help.
Anthony also tells me that a plan is in the works to combate the short selling problem. He wouldn't give any details.
Yes, I'm discouraged, can't deny that. If Kingoffer, Eden, and Preferred Properties do come through, it shouldn't take too much to move the stock trading at below book value.
Good Luck to the Longs!!!
HA HA HA HA
Very nice, both of them !!!!!!!!!!!!!!
This news tells me UNQT has cash on hand and now is ready to use it. UNQT told the truth about James T. Wadsworth Jr., he is a certified general contractor.
You still think they lie huh, well you guys are just too negative. Try to think positive for a change.
Good luck to the LONGS out there!!!!!!
Union Equity Sets Sites on Rising Foreclosure OpportunitiesadvertisementRelated information E-mail this article Print-friendly versionStocks mentioned in this articleUNION EQUITY INC(UNQT) Quote, Chart, News
All Business Wire NewsUnion Equity, Inc. (Pink Sheets:UNQT) is pursuing foreclosure opportunities in key areas of South Florida.
The Company is going after properties that have entered the "Lis Penden" stage; meaning that the owner has missed at least three mortgage payments and the lender has filed the very first document to initiate foreclosure proceedings.
Whereas six months ago foreclosure listings were relatively sparse, the number of properties entering foreclosure is rising steadily.
The recent spike in foreclosures can be attributed to the interest-only, refinancing boom that occurred several years ago. Many of these loans featured enticing teaser rates and low monthly mortgage payments for the first three years. Now that the three year lock period has expired, applicable interest rates have adjusted upward. Many homeowners are finding themselves in the awkward position of having to meet a monthly mortgage payment that may be as much as 50% higher than they are accustomed to.
"We're seeing several new foreclosures a day in our target areas," said Union Equity CEO Michael Anthony. "We're systematically contacting select property owners of condominiums and single family residences and offering them a way out."
Most recently, Union Equity acquired a Mizner Mini-Mansion located in the historic Northwood District of West Palm Beach. The two-story, single family residence with guesthouse was purchased for $630,000.
The company is also currently working on the expansion of Home Sales Express, Inc., a wholly owned subsidiary, and its corresponding website http://www.KingOffer.com.
Home Sales Express, Inc. is a comprehensive resource for homeowners who want to participate as buyers or sellers in the For-Sale-By-Owner (FSBO) market. Through its website http://www.KingOffer.com, Home Sales Express is designed to attract owners of distressed properties that are not yet listed on the open market for purchase consideration by the Company. The site can also accommodate owners of conforming properties who want to sell directly without the assistance of a real estate agent.
Shareholders and other interested parties who have not done so already are encouraged to sign up for Union Equity's electronic newsletters at http://www.UNQT.com and the latest real estate news at http://www.KingOffer.com.
About Union Equity
Union Equity is a real estate development, services and holding company. The company operates independently and through subsidiaries and plans to grow aggressively over the next several years through acquisitions, mergers, internal growth and the development of a dynamic internet presence.
Forward-Looking Statements
This release contains forward-looking statements within the meaning of the Securities Exchange Act of 1934, which represents the Company's expectations or beliefs concerning, among other things, future operating results and various components thereof and the adequacy of future operations to provide sufficient liquidity. The Company cautions that such matters necessarily involve significant risks and uncertainties that could cause actual operating results and liquidity needs to differ materially from such statements, including, without limitation: (i) increased competition, (ii) fluctuations in price, demand and supply of real estate markets and (iii) risks associated with high capital long term investments. In addition, any forecasts made by the company, whether short-term or long-term, regarding future profitability are based on hypothetical business models and do not constitute a guarantee of profitability. Investors are highly advised to seek professional advice and conduct a complete due diligence regarding this, or any other company being considered for investment purposes. Investing in securities, particularly in issues priced at less than $1 per share, involves substantial risk and may result in a partial or complete loss of investment capital. Investors who initiate such an investment strategy should possess the financial net worth to withstand such a loss. Union Equity, Inc., its subsidiaries, officers and employees cannot guarantee the completeness or accuracy of the information contained in company press releases. Press releases issued by the company should not be interpreted as an offer to sell or a solicitation to buy company stock.
Further information on the company can be found on their website; http://www.UNQT.com.
Contact Information: Union Equity, Inc., Palm Beach Rosalie Farnsworth, 800-916-3457 Fax: 800-916-3451 contact@union-equity.com
© 2005 BusinessWire
http://news.moneycentral.msn.com/ticker/article.asp?Feed=BW&Date=20050926&ID=5140774&Sym...
NAKED SHORT SELLING IS A CRIME..........
http://www.investigatethesec.com/
SIGN THE PETITION, GET INVOLVED!!!!!!!!!
http://www.ncans.net/whycare.htm
James T Wadsworth Jr. is at least a Certified General Contractor and no complaints have been filed against him:
Licensee Information
Name: WADSWORTH, JAMES T JR (Primary Name)
INDIVIDUAL (DBA Name)
Main Address: 6070 SUMMIT BLVD
WEST PALM BEACH Florida 33415-3545
County: PALM BEACH
Phone: (561) 471-1742
License Mailing:
LicenseLocation: 6070 SUMMIT BLVD
WEST PALM BEACH FL 33415-3545
County: PALM BEACH
License Information
License Type: Certified General Contractor
Rank: Cert General
License Number: CGC031387
Status: Current,Active
Licensure Date: 11/21/1984
Expires: 08/31/2006
Special Qualifications Qualification Effective
Bldg Code Core Course Credit
No Qualified Business License Required 02/20/2004
https://www.myfloridalicense.com/LicenseDetail.asp?SID=&id=730516
Wow, Tommy sell polo shirts for $49.50, doesn't Veltex make these for about $15.00?
http://www.tommy.com/category.aspx?CatalogNavigationBreadCrumbs=TOMMY;WOMEN;WomenGolf&ShowTop=tr...
We sell Tommy Hilfinger - Very well known!!!
http://www.tommy.com/default.aspx
"The potential reward being greater than the risk"
Coming from you, that's encouraging to me.
Thanks!
I'll put my VLXC valuation out on the table, then you will knock it down, but o'well.
Bangladesh, Matin Invested 7 Million of his own money to start the Mill/Mills after KCA Garments acquisition.
7/10 = $0.70 per share for Bangladesh
Canada = 1 Million income per year of 0.10 eps * 8 = $0.80
US I'm estimating 0.05 per year EPS * 8 = $0.40
Gidget Worldwide ? maybe $0.20 or more
I think VLXC is worth at least $2.10 per share or about 100% more than it's trading at right now.
If you want to sell your shares at half price, then I'll buy them off of you if you want.
VLXC AAA Rating by the Better Business Bureau:
Better Business Bureau
315 North La Cadena Drive
Colton, CA 92324
Phone: (909) 825-7280
Fax: (909) 825-6246
www.labbb.org Company Report
Veltex Corporation
19977 Harrison Avenue
City of Industry, CA 91789
Contact: Javeed Matin
Phone: (909) 595-1977
Company
Rating
AAA
Rating Explanation:
The rating the Better Business Bureau assigns a business is determined by our composite score of such factors as its type of business, length of time in business, compliance ...
Company Profile
DBA: Veltex Corporation
Address: 19977 Harrison Avenue
City of Industry, CA 91789
Primary Phone: (909) 595-1977
Primary Fax: (909) 595-1969
Primary Contact: Javeed Matin
Chief Executive Officer
E-Mail Address:
Website: http://www.valtexcorporation.com
Company ID: 13201657
Business Start Date: 1/1/1970
BBB Created Record on: 11/12/2003
Nature of Business:
This company's business is providing clothing and apparel wholesale services.
Bureau Membership
Join Date: 12/1/2004
This company is a member of the Better Business Bureau and has agreed to uphold our membership standards, which include a commitment to act in accordance with ethical business practices and to respond to customer complaints.
Licensing and Bonding Information
We know of no licensing or registration requirement for companies engaged in this company's stated type of business.
BBB Comments and Analysis
We have no further comment about this company’s business practices or analysis of its offer that may assist you in your consideration of this company.
Complaint Closing Statistics
The following grid displays the number and responses to complaints over the last 36 months:
No. of Cmpl Type of Response
0 Making a full refund, as the consumer requested
0 Making a partial refund
0 Agreeing to perform according to their contract
0 Refusing to make an adjustment
0 Refuse to adjust, relying on terms of agreement
0 Unanswered
0 Unassigned
Complaint Experience
We have received no complaints against this company.
Government Actions
We know of no government action taken against this company.
Advertising Review
No question about the truth of this company's advertising has come to our attention.
Other Considerations
We know of no other matter or practice relating to this company that may assist you in your consideration of this company.
http://www.labbb.org/BBBWeb/Forms/Business/CompanyReport_Details.aspx?CompanyID=13201657
Gidget had a booth at the Surf Expo in Orlando Florida last weekend.
Gidget USA
Booth 1523
Back
All exhibitors doing business at this booth are listed below.
--------------------------------------------------------------------------------
Gidget USA
Newport Beach, CA
714-362-4535 phone
877-GOG-IDGExT toll free
www.gidgetusa.com
http://www.surfexpo.com/resort/e_booth_detail.asp?menu=2&booth=1523
Its the truth!
I'm tired of this! Your on ignore!
Bashers were telling me to sell:
DLGI at 0.03 right before it went to 1.69
HOM at 1.08 right before it went to $5.10
ACF at 1.50 right before it went to 23.00.
Good thing I didn't listen to them, or I would be an idiot!
Now, I'm not saying buy these stocks now, these are just examples of stocks that I did own and held inspite of the bashing.
My guestimate is that they should have $2 Million in cash based on over 2 Billion shares that management has "sold" to the market in the last several months.
It could be anywhere from $1 Million to $3 Million or more.
With total outstanding shares at 5.5 Billion, the market cap right now is only $550,000.
If management cares about us at all, they would put that $2+ Million back into growing the business profitably.
Whether or not you think this will happen is up to you.
My point is that it IS a possibility.
Doing a reverse merger and trading in UNQT shares for Preferred Property shares after they become a publicly trading company is probable IMHO !!!
I won't be selling any of my shares at below book value!!!
Cash Balance worth 0.0006 ?
Seems to me that have a few options to help shareholders out. Since they are shareholders too, why wouldn't they?
What happens if I request my stock certificates in paper form and my broker can't deliver them?
Another apparel company (for comparision purposes) made $587,000 in the quarter ending June 30, 2005.
Sport-Haley, Inc. (NASDAQ: SPOR) (the "Company") today announced results of operations for the fourth quarter of its 2005 fiscal year. The Company reported net income of $587,000 for the fourth quarter of its fiscal year ended June 30, 2005.
Their stock price went up 70% to $5.97. Prior close $3.50
5.97/3.50 = 70.6% gain in 1 day.
319 VLXC items sold at this website.
http://www.incentivewear.com/pm_product_search_frameset.asp
You just have to select Veltex in the "Line name".
Many items are 50% of J.C. Penney or less.
Maybe we should do a little advertising? I know "pop up" adds are annoying, but they do have to ability to reach lots of people at a very small cost.
We need to sell more to the public directly, or get a supply agreement with a major retail store.
I think it could happen. I like the risk/reward at this price level. Q2 soon IMHO. 2004 audit perhaps 6 weeks away.
Hopefully, VLXC-Explorer will do business with this company.
http://www.hbc.com/hbc/about/business/