Yes, I agree that if there is no news or influencing factor a stock price wil usually drift lower as people lose interest.

One bad case that likely occurs in the next 2-3 months is that the general market gets hit hard (10% or more from where we are). In that case, VLXC may get taken down to sub $1.00, and then $0.75 or even lower to wash out many small investors who bought in during the last several months.

I feel this may have 20-30 % chance of occurrence. Be prepared for the worst.

Has it ever happened before that VLXC traded zero share in a trading day?

Jim:

ICON has enjoyed awesome rise in the last three months. However, chart shows negative divergence on some indicators. It needs a rest.

George

On CHKE: I'd wait a few more days to see what happens. Chart shows likely short term low at $30.25 area.

What is the reason for the CHKE sell off? I found no news.

I do not think MM would dare to take on a huge naked short position on a supposedly undervalued and low capitalized issue such as VLXC, unless they are certain or protected (hedged).

How can MM be certain? One way is because they are the execution arm of the pump and dump scheme. How can they be hedged? One way is they merely are selling shares ahead of shares that will be issued later at much lower prices.

To think MM could take up a large naked position on VLXC at prices of $2-$3, while Matin claims VLXC will make over $1/share in 2005, is not realistic.

>>.. I have been buying sub 1.00 and sometimes at 1.20 and selling whenever I note a downtrend following a rise..<<

You've made money because you keep your discipline. I lost money because I did not. My entry timing was excellent (bought the break $1.4, and $1.6 and then $1.8), but I fell into sleep when the "pump" was at full swing (best time to sell). And another mistake was made that I did not get out when VLXC broke $2 area (last chance to get out for profits). I turned a winner into a loser by committing mistakes that I know so well.

The loss is small change in dollar amount. But it is huge in percentage. And the teaching is as good as any other.

You are correct and I was wrong. I am paying for my mistake. Thanks for the sound advice.

By the way, are you one of the few who dumped at the top, and made money out of VLXC?

Looking at chart, I think most of the retail (or small) investors or traders who bought in since Oct., 2004, are under water.

So, if you have made money, you are indeed outstanding.

Roger,

"Mistake" was well qualified in terms of not going with the "pump and dump" scheme. That is what VLXC really is. The rest is just unqualified (or unaudited) claims and dreams.

George

Roger:

Thanks for the well summarized "escape clauses" that Matin "should" attach to every VLXC "pump" press release. Since Matin is not going to do it, I'll print it out and glue to my monitor until I close out my VLXC mistake.

Thanks,

George

>>...
As of 06/01/2005 shares outstanding 10,000,000
float approx. 3 Million per a press release
Explorer Headgear received about 2.5 Million shares I believe.
Insiders own approx. 4.5 Million
...<<

Above is partial quote of your previous post. Insiders own 4.5 mln share which is not over 50%. Now, if Explorer Headgear's shares are lumped together, then they will have 7 mln shares (70%). They can dump over 1 mln shares and still have over 50% ownership.

Also, there might have been different classes of shares that gives certain class more voting power than the others. Does anyone know if evey VLXC share is exactly equal?

And, by the way, I wonder if you could enlighten me and the thread about the law and regulations on the requirement to hold "Annual Shareholders Meeting"?

You seem to be saying that if insiders own over 50% of a public co., then there is no need for annual meeting, which is foreign to me.

How much does Matin personally own and control? Who are on the Board of Directors?

I am curious as to how a public co. is allowed to be so mysterious?

G&V:

I'm impressed by your diligence and record keeping. Thanks for sharing.

It more or less confirms what my doubts were. The insiders have been leaking (or dumping) shares to the investing public. It is "pump and dump" at work indeed.

Question: What do you have for the acquisition of J Daly's marketing operation? Is the deal closed yet.

I still think the float now (as of 8/26/05) is much more than 3 mln. My guess would be around 3.75 - 4.25 mln. My eye ball guessing at the last pump and dump (6/8/05 -8/23/05) put the shares dumped into the market at around 750k - 1.25 mln shares.

I have nobody else to blame but my self for falling for the pump and not dumping with the insiders. I am convinced that VLXC is a real co. (all the fundamentals you wrote about) as well as a pump and dump operation (the trading patterns synchronized by all the press releases). Both observations are supported by evidences and facts.

You feel VLXC's fair value is at $2.5 now (down from much higher level not long ago). OTCGrowth still says $6 in the near future.

I have no way of assigning a future value to VLXC other than the actual trading in the market. And it is at $1.2 area. And if I want to sell my 9000 shares on Monday, I may only get $1.

I just need to devise a plan to get out with the minimal loss. On the bright side, I do have some trading profits from VLXC before to off set my current loss.

Thanks again.

George

Thanks for the correction on VLXC float. I meant to write 1.5 mln. I also got it from VLXC web.

Has anyone written to Matin? I'm thinking about writing to him. What is the best way of doing it, Email, formal letter, or any other means?

G&V:

I could not find the share counts and float info on VLXC anywhere in the last few days. Total share count may be still 10 million, but I do think float is 1.4 million.

I wonder if you could do something to get the up to date share counts and floats?

I personally think Matin is preparing to issue a lot of more shares at sub $1 price. Matin will put out more positive spins somehow.

Details of deals are never revealed. That is sign for warning.

I think another pump and dump cycle was just reset. This time the reset might take longer to wipe the small investors on tax loss selling. I shall make sure that I get out in the next pump cycle.

I wonder who on this board actually made money this go around, as you said - profit taking?

Dose my post sound like bashing to you. That is not my intent. I merely want to know shareholders info that Matin hides.

George

G&V:


A good scam, by definition, does not look like one until it is too late for the victims. A good scam does not have to be planned from day one, it some how just works out to be one because easier money involved.

A real company can still be a good scam.

VLXC has to stop the share dilution at this pitiful low price level. If Matin keeps issuing new shares at sub $1 price tag, then no doubt in my mind, VLXC is not a company for me to invest. I certainly will find a graceful exit and say good bye to VLXC.

You can buy all my shares plus millions more from Matin if it turns out to be an ATM for Matin and friends.

George

Thanks for the efforts. Please let us know what you find.

Please ask your self this: where did all the shares sold to small investors, like myself, during the last 12 months come from?

Anyone who still believes in VLXC's floating shares count to be 0.5 million is just too naive in my opinion.

Remember the small investor alone who bought 60 k shares?

I do believe those "restricted 8 million shares" were being used somehow to get money out from the market.

You can easily prove me wrong by providing detailed shareholders information that shows the float has not changed yet sine Oct., 2005.

You just answer your own question if you allow your self a little flexibility in timing. Remember the only ones that could sell short on VLXC are the market makers, and they are the middlemen of the pump and dump.

The first wave was to distribute the KCA low priced shares, and the second wave was to distribute the low priced Explorer shares and maybe part of the remaining KCA shares.

I wonder if the upcoming low priced new shares might be for J Daly's marketing operation.

Share counts and details of all deals are kept as secrets for good purposes.

>>My recollection was 2 million shares in Sept '04 that rose to 7 million for teh KCA purchase in Jan. '05 and now it's 10 million and I believe that 2+ million of those went to Explorer.<<

From 2 million to 10 million, that is 8 million new shares during the two "pump and dump" waves. Do you really believe these 8 million new shares have been dead locked in safe? I do not.

I want to quote two passages from "Reminiscences of a Stock Operator" by Edwin Lefevre for those who are not suspicious enough:

On skill of pump and dump - distribution, from pp. 243: "..When it came to the actual marketing of the line he did what I told you: he sold it on the way down. The trading public is always looking for a rally..."

On lack of VLXC insiders buying - not a bullish condition, from pp. 194: "..As I have said a thousand times, no manipulation can put stocks down and keep them down.... The people who know what a stock is worth will always buy it when it is selling at bargain prices. If the insiders are not able to buy, it will be because general conditions are against their free command of their own resources, and such conditions are not bull conditions..."

http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=vlxc&time=&freq=

Look at the weekly VLXC chart. The first wave in the last 12 months of "pump and dump" started in Oct. 2004. The price was quickly pumped to $3.9 from $0.75. Then it follows with many weeks of distribution above $1.8 and then $1.35; Then there was many new shares issued at "low price". The second wave of "pump and dump" started in May, 2005. They took the share price to high $2. It follows with many weeks of distribution in the $2 range and above $1.5/$1.6.

Matin has to keep the share issuing details and financial deal details secret for everything to work out smoothly.

The result is many millions of shares were issued at around $1 and below and sold to the investing public at $1.6 - $3.9. That is no small change in my book.

I personally contribute to their bank accounts with several thousands of my hard earned money. I believe I am one of the more cautious around here. I'd guess many of you are in deeper loss (at least on paper) than myself.

One possibility is that Matin is getting ready to issue low-priced new shares to his financial partners (loan shark type, close associates, etc.)...

Often, market is artificially brought down for the new issues to be justified at much lower prices...

It's just my opinion, but that is one way VLXC ATM (auto teller machine) has worked many times before from my observation.

We shall know shortly looking out for new additional shares counts. And dilution continues.

>>>SO take a chance and load up the boat it will only go as far as the individual investor takes it -- 6 bucks within a year is realistic -- <<<

Your unqualified, all out bullish claims on VLXC remind me one of the most relentless pumpers who used to be around here some time back.

I respectfully disagree. I think keep adding to a losing position is not prudent, and can get one into serious financial hardship.

I have bought in Matin's pump during the last few months -- 9k share @ average $1.6. I have had a few thousand $ (paper) loss in my account(25%) already. And, I am in pain. To me, paper loss is just like real loss.

I noticed your ID was registered just last month (July 10, 2005). How could you know so much about VLXC so surely and so quickly? I wonder if you could reveal your position on VLXC?

Please do load up your boat with your money on VLXC and tell us about how you do it.

>>The current stock price for this company is way too low. Someone is going to make a lot of money on the upside very soon. <<

On speculation of VLXC's future share prices, you might be right, if you can withstand the suffering of the potential sharp pain of huge paper loss..

I do not know about you, but I am in pain already, even though my average costs (around $1.6/share, a few k shares) are relatively low compared to many others on this thread.

Technically, VLXC will continue to test previous lows at $1.2, $1.0 and then possibly $0.75 by 2005 year end..

This thread is still full of very optimistic views and bullish forecasts of the future performance.... while VLXC's trading makes bearish pattern break down.

This is worrisome indeed.

I'll not make my loss any bigger by adding to my losing position.... at least not until the thread turns bearish and hopeless, and fears are rampant.

G&V:

I respect your conviction and trust on Matin.

Please notice that market is not buying your soft pump.

The technical break down of $1.5 is bearish, and may take VLXC back to $1.2 - $1.3 shortly.

And, who knows? When tax loss selling season approaches, VLXC may go deep under $1.00 again. There are just too many small investors who have bought in Matin's pumps during the last several months. Most of them, myself included, are under water.

I wonder who have been laughing all the way to the banks on the VLXC ATM?


George

You may be right about excessive costs associated with full SOX compliance. But, often it is used as a convenient excuse for not attempting to be transparent at all. In my opinion, Matin is keeping the investors in the dark for a specific purpose, that is, his own interest -- what ever that may be.

The market continues to manifest "pump and dump" scheme patterns..

Maybe, or maybe not. VLXC will be testing the recent low at $1.47 in the next few days. If the longs do not support it strong enough, it can break down to $1.2-$1.3 again.

"...Facing a fact here, what we are buying is a gamble...."

Thank you for reminding us about the high risk involved in any BB stock.

I shall cut back on my plan of accumulating VLXC. I'll accumulate at a slower pace and smaller sizes.

I'll continue to sell into any pump and lock in my profits.

VLXC: "Pump and dump" cycles continue. It's many people's ATM.

While there is no pump, it's time to accumulate.

Went long DHB $6.95. Will buy more if sub $7 is made available.

Right at close, my buy order for VLXC (3900 shares) was filled at $1.64.

John Daly obviously is making lots of does for himself, and he deserves it.

It would be a great development for VLXC if John Daly takes a major steak, such as 1-3 million shares at $2/share, of VLXC.

Maybe I should have said: three phases..

Quote:"Since this company had three phases, fabric mill, clothing manufacturing and wholesale sales..."


Three phases or three segments, logic is the same.
Unless you were stating that all $60 MM go through all three phses. And, how do you know that Matin did not double count or even triple count the revenue? Even so, I do still think their net profit margins of 15% hard to believe.

And market does not believe either. And when it is "extremely under valued" for so long, that means insiders do not believe either. Or, just maybe the insiders know somethings of importance that we do not know.

What happens to the trading volume of VLXC today? I was out , and did not get to watch the trading activities. It seems like there was next to nothing to watch.

http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=vlxc&time=&freq=

Total trading volume 375 (high $1.7, low $1.58)? It is pitiful especially after the big press release.

I had an outstanding buy order at $1.6 (raised from $1.5 for 3900 shares). I did not get a single share.

I have always doubted the high net profit margins of VLXC. When you have total $60 MM in sales broken into 3 segments, each segment will have only $20 MM.

So either you use 15% times $20 MM, or you use 5% time $60 MM. I do not think you can use 15% times 60 MM.

For all golfers out there, the upcoming 2005 PGA Championship Aug. 11-14 will be held at Bualtusrol Golf Club in Springfield, NJ. It is a par 70 at 7,392 yards.

This is a very long and difficult course that favors long hitters such as Tiger W. and John D. By the way, they will play as a team in the next Monday night ABC special match play. (Lincoln Financial Battles at the Bridges: Tiger Woods and John Daly battle Phil Mickelson and Retief Goosen; from Rancho Santa Fe, Calif.)

No. 17 is a 650 yards par 5. In the 1993 U.S. Open, John Daly became the first player ever to reach this hole's green in two shots.

http://www.pga.com/pgachampionship/2005/hole_17.html

My wife and I are glad that this week end weather will be much nicer around NY/NJ for golfing....

G&V:

In the Golf Digest interview, Daly says that he is financially set for life even if does not win any more. Obviously he is doing well with his outside business as indicated by all of your links.

But, these are either all or mostly US business, they do not really help VLXC's business, or, do they?

Still waiting to buy more at $1.5.

George

My VLXC bids at $1.5 remain unfilled. Market makers took in all the prints $1.5 and below for their own accounts during the last seven trading days.

And, I believe that they flipped most of them at $1.54-$1.61.

Wie loses 5 and 4 in men's Public Links quarterfinals.

http://sports.yahoo.com/golf/pga/news?slug=ap-menspublinx&prov=ap&type=lgns

Jack Niklaus most likely will miss the cut.

Is anyone buying or selling VLXC here ($1.5-$1.6)?

My bids at $1.5 in the last few days never got filled.

J Daly at -4 after 14. He will easily make the cut. Hopefully he can finish top 10 on Sunday.

John Daly will always be John Daly.

Headline News from St. Andrews:

"...John Daly came to St. Andrews to play, not to eat.."
"...Daly not fit to be tied for Champions Dinner..."

"I didn't bring a coat or anything. I didn't think about it," the 1995 Open champion said. "I'm not into the dinners, man. You can't get a coat and a tie on this fat boy!"

http://www.pga.com/openchampionship/2005/news_071405_daly.html

I'd still very much like to have a beer with him. It will be fun for sure...

I may even change my mind and consider buying golf stuff from him... if VLXC does a good job and makes my trading & investment worthwhile...