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I started to place an order and then stopped because I got busy, but I had registered with the site. About 2 hours later I received a call from the Veltex people asking me if I required any assistance in placing an order and I said not at this time. I found that to be an uplifting and promising experience.
Rawnoc,
I just received your message... I never did receive a call back from Matin... :/
thanks for the alert, sorry I couldn't take advantage of it.
He did not.
Your number is exactly what I am going to present to him and I am going to ask him if that is the number of O/S standing shares of those how many are in the public float. Should be an interesting conversation if he doesn't hang up on me.
Thanks! I will post back and let you know whether or not I get a response from him and if his number jives with yours. So far I have gotten two calls, but not from Mr. Matin.
I did not say that he did. I only asked if he was/is allowed to. So, is he?
Is Veltex allowed to give me incorrect information regarding the O/S and Float numbers? More explicitly Mr. Matin.
I can't take any more of this nonsense... I have called the Veltex and asked for Mr. Matin or anyone who would/could speak to me about investor relations. I have been advised that I will receive a call back in 10 minutes. I will post again after the call back if and when it comes.
I hope it's not dead in the water, I bought more shares yesterday at $2.29... wish me luck, as I wish all of you who might be long with me...
Happy Holidays!
They told me I needed to contact the company directly for that information!
Why didn't you just say that it was the transfer agent? If you had read the post on this board you would have seen that this had been tried and failed in the past. Why should I have thought it would be any different today?
I am bothered because the invertor relations section of the Veltex site does not provide that number. SO... If I use that as my "valid" information, then your number is disputed by It. Unless of course you can direct me to a place other than your previous posts that can tell me otherwise. AND IT IS NOT OBVIOUS!!!!!
OMFG... Ask around IHUB? Do you have a life?
Ok, enough with the name calling. Either divulge your "secret" source or be gone. I have plenty of information about this company that could help my cause, whatever it may be, but have not blurted out information I could not backup with a verifiable source. Have a wonderful life.
Does anyone know what Rawnoc is talking about???? Should we all short this thing tomorrow? Is he from the audit firm? He claims to be the one reporting the numbers in a week??? What gives here?
Obvious to who???? Obviously not any of us. We is too stewpid to read between your lines.... Please help us.
I am feeling fine thank you! And how are you?
I just took an optimistic view and multiplied the number of shares by the projected EPS instead of dividing the projected earnings by a number I couldn't verify. is that so wrong or misleading?
Where did you obtain the share count?
more than $3.00 a share, hmmmmm... let's see,
6,176,035 * 3 = 18,528,105.00 well that is certainly over 7 million
"Veltex Corporation (Pink Sheets: VLXC) expects revenues for 2004 to be over $40 million with net profits of over $7 million..."
So I guess the big questions are;
how much over 40 million?
how much over 7 million?
I have worked for organizations that were able to maintain a 52% profit margin, but that is probably not the case here.
The profit margin should come out in the audit when it is produced.
PS
My shorts were not in a knot, I had a pinching sensation in them and upon inspection I found a bone splinter to be the cause of my discomfort. All is well now. :)
This is not a scam! It may not be the best run company to ever go into business, but it is not the worst either. Will we all get rich from this company? Maybe... Will we make a profit from shares bought below $4.00 definetly. When? Only Mr. Matin knows with any kind of certainty.
This is only my opinion.
is anyone still here? Is anyone trading in and out of this thing for the .0001?
Yes she is! LBro, that makes two of us! :)
think this stock needs to hit $1.00! Then I'm sure there will be plenty of noise in here. :)
I sure hope so. If it the price remains depressed fo the next week or so I will try to buy another few thousand shares before the audit is released.
I have a curious question about the Mill. why is it so important that Veltex have %100 precent ownership? Where did they ever state that is was a wholely owned subsidiary? I can only find statements saying Veltex is a majority share holder in the mill. Please tell me what I am missing.
Thank you.
I would agree, but I didn't want to offend anyone with such a suggestion... I bought more at 2.45 trying to average out my 3.28 purchase of last week.
Regards
I think if we all hold hands, close our eyes and bow our heads as the bones are thrown all will be well.... IMHO
Well I am still showing volume of over 120K shares traded. Is it possible for 100000 shares that didn't trade to some how be counted towards trading volume?
High volume and a major drop in price, what gives? Does someone know something we dont about what the audit will show???
For the first time I am actually worried abou this stock. :(
That link requires a login... What did the link say???
"However, be prepared because IF (capital letter) he proceeds to normalize the company and have it listed on AMEX, HE WIL EFFECTIVELY PULL A FAST ONE ON US."
I'm sorry I do not understand this statement... :(
Accumulation time?
The hair pulling person would be me... :(
the first day I have worked out of my home office in 5 months and this is what happens! Good news and a major price drop... My guitar picks are failing me...
I will most cretainly get criticized for this, but I picked up more shares at $3.28 today...
Thanks for the perspective. I know he did not do anything would we be dissapointed in for financing.
My point exactly! Why did they bury the audit news and the naming of the intended exchange. That information is much more of interest and importance to me, but I'm just a share holder... So I sit and wait...
Go Veltex!
Found it... Thanks. Why would they bury that news in a PR about anticipated sales from a trade show? I would have put the audit and exchange annoucement as the lead in. I stopped reading about expected sales from trade shows as it means about as much as me saying, "I expect to reap huge profits from VLXC shares when I sell them..."
Anyway cheers the person(s) who traded 500 shares today.
Would you please tell me where you obtained this press release?
Thanks in advance.
Thanks for the well wishes and a Happy Holiday Season to all.
I can't believe Matin has once again mismanaged expectations by not producing the audit he announced would be delivered within a couple of days of the expected due date! Not even a status annoucement stating a delay and the reason for the delay. What is wrong with this man? I am finding it difficult to believe he is the one actually running this company. He must have a strong management team actually doing the day to day operations that's is making this company profitable, if indeed it actually is profitable. Without an audit it impossible to know if this is true... and I expect to see a declinbe in the PPS until that audit is delivered. I wonder if this would be a good time to actually trade this and jump back in 40 or 50 cents lower?
Go Veltex...
Unfortunately, due to a circumstances beyond my control, I was unable to attend the trade show.
I'm with paul on this one, wishing you both the best, I hope you become millionaires! :)
Go Veltex!
would presume you have bid(s) in at $2.70. Do you think you will get shares at that price? This thing has not really dipped below 3.50 for most of the day.