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As I can see the mouse is still around ???
As for your idea of dumping all blindly (i.e. before facts are known, I respectfully suggest that you remain carefull.
If nothing is released, we will never see $0.045 (no win)
If something less than credible and verifyable is released I doubt that the price will multiply itself 8 times. Many got caught once and would be reluctant to jump in and many other would use the opportunity to sell some shares to get some money back. (low probability of a win)
If something credible and verifyable is released then (unless it's to announced a shut down) the price may very rapidly get above your target price. (potential loss of opportunity).
My opinion ...Your call...
Good Morning!
In this Chrismas season, let's start the day on a positive note (why not?) and assume that:
- there is effectively an operating company behind the stock
- it's working at gradually pulling out of troubles and
- it's lead by people waiting for things to be whatever would justify a positive coming out.
Quite an assumption but not "longer shot" than any other one we can make... positive or negative. After all, not knowing, we may think whatever possibilities we want to assume !!!
IN THIS CONTEXT, could it be that:
- the company is getting closer to coming out but not yet there,
- its financials are getting better but not yet good enough to be released
- a buyback at $0.007/share is attractive ( 25,000,000 shares costing $175,000 ) and desired before a release justifies better PPS
- a R/S is being defined and will be part of the release to come
- paperwork is being prepared to do complete reporting (10Q,...)
- requirements to get listed on AMEX are being defined so this step is also covered in the release
In other words, required staff work is being completed so the next release makes Veltex a credible reporting company in the eyes of potential "investors".
Wouldn't it be nice ??????????
Santa, I have been a good boy all during the last year. Can I get my wish filled?????
Merry Chrismas to all that behaved during the past year!!!
Not very legal but probably could be tried if you do it in different accounts without being caught thru an audit for whatever reason. However an RRSP or Locked RRSP cannot be used (at buy back time) since you are not allowed to keep such stocks in this type of accounts.
Oups! You're faster than I !!!
Because you cannot do an onernight out and back in just for tax reasons as per our local laws. You must wait 30 days or your deduction becomes illegal.
I certainly did noe EXPECT to see news today but honestly I HOPED Matin would come out with a release (at minimum saying he was not meeting his commitment once more and may be try to present some kind of justification).
I also am a little surprised not to see higher volumes in this context. That says that most did not EXPECT much for today at least.
As I said before, I sit on my shares and intend to see the outcome with all of them in my portfolio. Considering their total book value (Less than $2,000) and having left over capital losses from previous years I still can use, I do not need to sell and run the risk of seeing them take value before I can buy them back (legal requirement to wait 30 days).
What a curious story...
Certainly will not debate what you say thereby suggesting VLVT to be anything other than a totally incomprehensible affair (my point).
I Know V.Duff is not involved anymore with VLVT but also know she admits Matin has encountered major prolems, try to recuperate and she also keep the shares she had. Apart from saying she had her issues with Matin, she do not even hint that he may be dishonest.
As for the other guy, if he wants to keep working in the financial industry, I do not see why he would associate with a presumably criminal not generating money enough to justify whatever risk VLVT may represent.
Beleive me I am not pumping this stock, I even suggested a freind not to touch it unless he wanted to gamble a few $$$ and preffered that to going to the Montreal Casino.
All I say is what I see (not my info but observations) and my conclusion that all I know is that Matin blew up another commitment (not a surprise however) but the stock still trades (I even doubted that earlier today) and volume and PPS fluctuations do not even allow trying to trade it for fun.
I only 1/4 as many shares as you do but still if some kind of business is out there they could one day be worth as much as a penny or even more ... Hi! Hi! Hi!
On the otherhand, seen from 3000 miles away, for as much as I am concerned, Matin may be operating from his basement a scam, being satisfied to earn (???) a few thousands $$$ per month... may be.
Never get involved in a PS stock unless I slide into it with earlier investment that became sour and certainly plan to never buy an upfront PS stock, even an OTCBB one.
From what I can see on http://www.pinksheets.com/ there is no bid, no ask figures as of 11h00 and no transaction was made today.
May be it's over ... May be not ...
There is nothing that makes sense with this company whatever way you want to look at it.
Within the last month (since Nov.10th):
-Nov 11 2003: Veltex Corporation Moves to Larger Facilities
-Nov 19 2003: Veltex Corporation Announces New Head of Apparel Marketing and Sales
-Someone answers the phone and she presumably get paid
-A PR/IR firm accepted to post company releases and presumably got paid for it. To my knowledge, these are not issued for free.
-Notwithstanding all here in mentionned reporting to regulators over the last year, the stock is still trading (granted on the PS market) as if ecerything was fine.
-2 persons (V.Duff and Jameel Ahmad) having a reputation (at least as per their available internet sites)accepted to be associated with the outfit thru press releases published everywhere. Neighter did deny their involvment or tried to inform anyone of something crooked going on.
-Overall total volume of shares reported as traded was about 23,000,000 and average price about $0.005 for a grand total of $ 115,000.
Still here we are on Dec 10th not knowing what this is realy all about (even if some say they do).
Even ridiculously assuming that all these shares were issued by the company and purchased by third parties for cash, and accepting that the whole affair is a scam, it makes no sense whatesoever. Even in as an irrealistic optimistic scenario (seen from Matin's point of view), the net revenue of such a scam would be less than someone can earn being employed by someone.
Granted the day is not yet over but for the moment, I admit I have no clue if this is a scam, a company trying to survive major troubles, a reverse scam or a hidden gold mine or whatever hypothesis you want to imagine.
I'm telling you, a book may be written about this affair,whenever we find out an outcome. It however doesn't seem to be for today...
There we are, post the Dec.9th trading day (i.e. Dec.10th).
I wonder if we will have seen something 24 hours from now ???
No bet accepted.
I do not mind taking risk but not on that...
note: Since nobody knows what tomorrow is all about (assuming we are still alive by then), those assuming they know can refrain from submitting answers.
O.T. Waiting for this VLVT affair to unfold somehow, I tought of signaling a situation that may interest some of you.
For those looking for an investment LONG TERM I recommend looking at the following site and read about WAVC: http://www.1kto100k.com/dd.htm .
As you see I recommend the site, not necessarely the stock. I never recommend a stock anymore (since 2000).
I personally own 10,000 having been stuck with it after the bubble did burst few months after I bought it ( 200 at 13.41 in Feb 2000) and left it dormant till I saw it in the 10 cents range last March.
Tnen I decided to average down down to lees than 40 cents based on the VOIP market potential and the business plan outlined by the company. I never tought it could go back to $14 but 50 cents was possible (looking to sell 5000 at that price and get my cost down even further ... hopefully)
Personally I do not play OTCBB or PS stocks unless I am pulled in it thru investments that becomes a quasi final loss. However I do not drop a stock for pennies if I paid it to much and the company is not dead. Veltex is quite an example (Bought it the first time in Sept 1999 then averaged down from )ct 2002 on). May as well wait till it folds (capital loss) or see if it could survive and get my money back.
Make up your own mind but I tought of signaling this "opportunity" (my own belief) for you to look at, thereby helping you wait for Matin to make a coming out ... one of these days...whatever it will show ???
Enjoy.
While you're waiting, get in the mood early.
http://youarelame.com/spam/animations/WhiteTrashXmas.swf
O.T. What is marketing?
> > > > You see a handsome guy at a party. You go up to him and say, "I'm
>
> > > > fantastic in bed."
>
> > > > That's Direct Marketing.
>
> > > >
>
> > > >
>
> > > > You're at a party with a bunch of friends and see a handsome guy.
>
> > > > One of your friends goes up to him and pointing at you says, "She's
>
> > > > fantastic in bed."
>
> > > > That's Advertising.
>
> > > >
>
> > > >
>
> > > > You see a handsome guy at a party. You go up to him and get his
>
> > > > telephone number. The next day you call and say,"Hi, I'm fantastic
>
> > > > in bed."
>
> > > > That's Telemarketing.
>
> > > >
>
> > > >
>
> > > > You're at a party and see a handsome guy. You get up and straighten
>
> > > > your dress You walk up to him and pour him a drink. You say, "May
>
> > > > I," and reach up to straighten his tie brushing your breast lightly
>
> > > > against his arm, and then say, "By the way, I'm fantastic in bed."
>
> > > > That's Public Relations.
>
> > > >
>
> > > >
>
> > > > You're at a party and see a handsome guy. He walks up to you and
>
> > > > says, "I hear you're fantastic in bed."
>
> > > > That's Brand Recognition.
>
> > > >
>
> > > >
>
> > > > You're at a party and see a handsome guy. You talk him into going
>
> > > > home with your friend.
>
> > > > That's a Sales Representation.
>
> > > >
>
> > > >
>
> > > > Your friend can't satisfy him so she calls you.
>
> > > > That's Tech Support.
>
> > > >
>
> > > >
>
> > > > You're on your way to a party when you realize that there could be
>
> > > > handsome men in all these houses you're passing. So you climb onto
>
> > > > the roof of one situated toward the center and shout at the top of
>
> > > > your lungs, "I'm fantastic in bed!"
>
> > > > That's Spam.
Whatever you and/or I beleive, we all have to admit we do not know anything.
If a great audited financial was to be released next week, I should not be surprised since Matin has said twice already within the last 6 months that this was the plan ... still, I have serious doubts.
If next week goes by without any release, I should not be surprised having gone thru all previous experiences... still, I try to hope.
Matin certainly doesn't care whatesoever what we exchange in here to ventilate our frustrations but who realy knows who he realy is?
- A crook (as some obviously having reasons to claim) that is stupid enough to conduct a scam that would have generated at the most, less than $1,000,000 (100,000,000 shares at a penny ???) within over 1 year?
- An incompetent dreamer that embarked on a synergy trip and got fxcked by his partners.
- An executive who had his dream turned out to be a nightmare and who since, sincerely try to get out of the mess?
- ...
Whatever opinion you have is as good as mine (i.e. meaningles) since we are not there, close to him to verify anything.
All I know is that:
- There is a company out there with someone answering a phone,
- The stock of this company is being traded and new ones have been issued within the last year,
- Someone has been writing some PR's, have them dissiminated all over the place and apparently paid for them, and
- People like V.Duff and J.Ahmad, having public profile, accepted to have their names associated with the affair and never denied their past or present involvment
What we have no way to know is what future ... if any, will make of it (too bad we do not have a crystal ball) we do not even know who we talk with herein and what our individual true objectives realy are.
My view FWIW is that Matin works hard at having this outfit survive a disastrous year but I have no clue as to how he is making out.
For as much as I am concerned we may find out relatively soon, that:
- he failled in whatever it is he was trying to do (scam, reverse scam or whatever) and closes the doors once and for all (was a pleasure meeting most of you in here)
- we sat on a gold mine for months (years in some cases) without realy knowing it,
- or anything in between, including having to wait even more (unless you find it appropriate to get a few hundred dollars per 100,000 shares not knowing what you sell.
If I ever shared in a gamble, that has to be the one.
Till further notice, let's enjoy the game.
GLTA!
Only when or after we will have seen a significant release from the company. Otherwise, it could get us in even lower territory IMHO.
IF (capital letters) we get an interesting release out of the company soon, we will have to live with these MM's and their power relative to getting the PPS up or down is very disturbing.
For the moment they effectively want to keep the market from moving waiting, as we all do, to see if Matin will or not come out next week.
In any case be aware, they do have a strategy and intend to put it at work, the conditions allowing it.
That will remain till the company can get listed on a real market. That's why, according to an optimistic scenario, I hope we will get a R/S to get us up to a price allowing such a move ... IF ...
You're absolutely right.
If the company realy exist and operates after a problematic year (my assumption) and start reporting honestly whatever financials they can, from a PPS of 4/10 of a penny, upward space is illimited.
On the otherhand if for any reason, it cannot do a clean coming out soon, we can only loose 1 penny for each 2.5 share we own.
However, AMEX is very long term possibility ... unless a R/S is implemented following one of the 2 other steps you mention.
Certainly hope, as I said before you endup getting buyers at 40 cents (without R/S).
As for the news (whatever it would be), notwithstanding our previous desillusions, the reason the 10th seems a potential latest date is that
- It was alluded to on June 10th "before 6 months",
- It was repeated in Nov. 11th release: "Matin said the company expects that the audit of its 2002 financial results
should be completed within the month, and the company expects to release its unaudited 2003 quarterly results in conjunction with the annual financials release.
- It was not postponed in Nov. 19th release (nomination ofMr. Ahmad)
- It's been (according to multiple messages herein) repeatedly verbally confirmed on the phone.
What I mean is that for as far as I can recollect, we have seen for the first time consistency in whatever came out from the company for 6 months.
The 10th, soon thereafter or may be even tomorrow (one year after 2002 business plan) is therefore more meaningfull to me than previous sequences of events that were very frustrating for all.
The other sentence that I focussed on in the release of June 11th was: "After devoting most of this year to reorganizing Veltex Transportation, our trucking business, we are focusing on building Veltex Apparel,".
That was also consistent with what I tought was possible up to then, as I often mentionned, and with a statement from V.Duff reported herein by someone some time ago.
In that context, selling shares that we held for that long at the present time doesn't make any sense to me, notwithstanding the fact that someone would get close to nothing for them.
However if the above turns out to be nothing within the next week, I certainly would understand large volumes of shares being dumped was it only for tax reasons. However, putting on my vicious face, this could also generate quite a short term opportunity for:
- The company to do a major buyback at very low cost (50,000,000 shares at $0.0015 would only require $75,000) Or
- Someone in the know to accumulate that many shares for that small an investment potentially reporting rapidly a 10 to 1 return).
As you see, many scanarios are possible very short term, excluding one suggesting that we've all been screwed...
We should soon be better fixed ... I hope.
5 trades today worth $79, $110, $7, $10, $79.
I wonder what this is all about. How can people afford incurring the cost/share (commission) to apply to so small transactions???
How many aliases to you have and who do you think you fool?
"Away" is a fine place for you to go miserable parasite. Not that what you say could not be (who realy knows" but what you are is what bothers me.
Get lost...and do not reincarnate under a new alias anymore.
If nothing is released before the tenth, I suspect a lot of shares will be dumped in the market and many will take their loss in 2003 for tax reasons.
Personally, I intend to sit on them and wait for whatever future will make out of my low book value bid. What's the use (unless you realy need tax releif) of selling shares in the sub-penny range, not knowing what they're realy worth (a little less, even at 0 cents or a lot more, if any operation exist)?
For the moment however, it look as if there is no justification to buying, neighter is there to sell right now. Therefore, volume today is nil after 2 full hours.
Tomorrow is the one year anniversary of Matin's presentation of his business plan. Who knows ???
One thing we however (almost) know is that, one year ago tomorrow, Matin had a grand vision of a synergetic large growth and since then got it right in the mouth with his "go vacation", "transpot", "textile" strategic plan.
What we do not know however is: How baddly did he get hurt in the process?
All we seem to know for sure is that the stock is still trading (as of yesterday at least).
Dreaming:
1- Verifyable audited financials will be announced within 1.5 weeks (preferably the 4th, anniversary of the presumably failed business plan of last year). Regular reporting started.
2- $ 10,000,000 + sales over last 12 months with small profit or loss ($ $100,000)
3- Credible positive outlook for 2004
That would get the shares in the 10 cents range
4- R/S of 25 to 1 (to get the shares in the $3 range)
5- Listing on AMEX before YE 2004 ($3 woth share are probably a pre-requirement).
Wouldn't that be nice? Even dreaming I do not dare looking at butback of share, accumulating profit or loss not permitting.
On the other hand, Veltex may be a crappy little oufit barely surviving. But I personnally beleive that the whole affair, whatever the result will have been the result of Matin's capabilities or lack of.
Sorry if it's the case. I took it out of FreeRealTime showing these numbers at the time I wrote my message.
Thanks, I will look again at INAP later.
I do not know the specific companies you refer to but I want to humbly offer you an opinion (FWIW) relative to VoIP and the opportunity it could represent..
After a rapid look I found out that VTEK is generating an EPS of $0.23 (last 12 months) and stock value now is 38 X EPS. (Note that after hours, the stock went back down to $ 7.38.
VOCL is generating an EPS of $0.07 (last 12 months) and multiplier was 87 at close ($6.07)yesterday. After hours the stock went down to $4.74.
ZTEL lost $0.92/share over the last 12 months, closed at $3.00 yesterday and went back to $1.50 after hours.
My first comment is to remind you that VoIP is, as I presume you know, a technology domaine and therefore has no comparison basis with companies in non-tech industries (margins, EPS, multipliers,...)
You are absolutely right to say that VoIP is a very rapidly growing market but you also have to consider that many big players do control (???) this market. I do not say that there is no pace for niche players but these will have to be very specialized and have partnerships with the industry leaders of this industry (Ciosco, Nortel, ...)
For those discovering VoIP right now, you must be impressed by this technology but be aware that it has been in development for over 10 years and a profitable business (for many)for over 2 years, now that the technology has stabilized somewhat.
If you decide to invest in a company involved in VoIP, do your DD and be sure the said company has the means and financial capabilities to invest a lot (and I mean a lot) in sales and marketing in view of long term financial returns, very long sales process, very important competition generating pressure on margins,... As an example VOCL recently wrote: "During the third quarter of 2003, gross margins declined to 42 percent from 60 percent in the second quarter due to several factors including pricing pressure,unfavorable mix, and lower revenue in relation to fixed costs"
I happen to know the sector somewhat (mandate of a feasability study for local provincial government, owner of stocks in the industry for years, in and out (in time), 33 years in marketing the IT world.
My recommendation is:
-Do your DD
-Be sure you have the ressources to "play" highly fluctuating stocks
-Be prepare to wait long for solid return (unless you want to play the traders game with the serious risk involved)
I do not say DO or DON'T but BE CAREFULL. Quite different stakes from gambling on a sub-penny stock.
Fake or not audit, it will take a lot of Veltex shares to start playing thes stocks with volumes justifying the risk.
Best of luck!
O.T.
the Christmas shopping season is here and TARGET has just announced their new promotional sale the "MICHAEL JACKSON 1/2 OFF SALE". That's right, now at all TARGET stores nation wide all "little boys pants" are 1/2 OFF!!!!
More seriously...Don't forget this year ...
>Who started Christmas?
>
>This morning I heard a story on the radio of a woman who was out
>Christmas shopping with her two children. After many hours of looking at
>row after row of toys and everything else imaginable. And after hours of
>hearing both her children asking for everything they saw on those many
>shelves, she finally made it to the elevator with her two kids.
>
>She was feeling what so many of us feel during the holiday season time of
>the year. Overwhelming pressure to go to every party, every housewarming,
>taste all the holiday food and treats, getting that perfect gift for
>every single person on our shopping list, making sure we don't forget
>anyone on our card list, and the pressure of making sure we respond to
>everyone who sent us a card.
>
>Finally the elevator doors opened and there was already a crowd in the
>car. She pushed her way into the car and dragged her two kids in with her
>and all the bags of stuff. When the doors closed she couldn't take it
>anymore and stated, "Whoever started this whole Christmas thing should be
>found, strung up and shot."
>
>From the back of the car everyone heard a quiet calm voice respond,
>"Don't worry, we already crucified Him." For the rest of the trip down
>the elevator it was so quiet you could have heard a pin drop.
>
>Don't forget this year to keep the One who started this whole Christmas
>thing in your every thought, deed, purchase, and word. If we all did it,
>just think of how different this whole world would be.
Effectively I had bought 500 shares at 43 cents in Septenber 1999 and tought it had been lost till it came back alive about 1.5 year ago. I then averaged down to 250,000 shares at 2 cents.
As for the 51 cents, a bad transaction was recorded and cancelled within minutes, almost one year ago to the best of my recollection. Many reporting systems recorded this error and kept it on their books.
Note that I did not write audit but "significant news release" and "announcement (verifyable) that Veltex does exist, had troubes, survived it and will have the potential to become a real company long term."... whatever that would be...
I obviously would be happy to see audited finacials released (whatever they would show) but, as you say I would also like to find out if "the company stay in business". Note I did not copy "makes money" either.
Let's see ... if there is something to see.
Within a week, we should find out, by a significant news release being issued or by the usual absence of follow up on commitments, if hope, even small one, is or not still reasonnable.
Till then, who apart from those already in wanting to add to their bet, would buy a share in Veltex.
Anyone finding out about this symbol would want to do some DD even if it's just thru message boards. What he would find would scare the s.h.i.t out of him unless he realy want to go for a llloooonnnggggg shot and thrw in a few $$$.
As for those already in, our shares being worth $450/100,000 shares, better wait and see than running the RISK of missing a DREAM THAT WOULD COME THRU.
Whatever happen, or not, next week, I personally will probably never be able to figure out what did happen or why.
Scam or not, this situation and the past behavior of the company doesn't make any sense to me. The remaining small hope I still maintain (dream probably would be more appropriate) is that someone "in the know" spent the last year or so accumulating share at sub-penny level in view of an announcement (verifyable) that Veltex does exist, had troubes, survived it and will have the potential to become a real company long term.
We now see light at the end of the tunnel and within a week we gonna get a train right in the mouth or be able to see sunlight ahead.
Your BET is as good as mine.
Interesting!!!
Profound thinking for a holiday !!!
Ever wonder about people who say they are giving more than 100%?
We have all been to those meetings where someone wants over 100%. How about achieving 103%?
Here is a little math that might prove helpful.
What makes life 100%?
If:, A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
are represented as:
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26
Then:
H A R D W O R K
8 1 18 4 23 15 18 11 = 98%.
K N O W L E D G E
11 14 15 23 12 5 4 7 5 = 96%
But:
A T T I T U D E
1 20 20 9 20 21 4 5 = 100%
And,
B U M M S H Y T (M = L)
2 21 12 12 19 8 9 20 = 103%
So it stands to reason that hard work and knowledge will get you close, attitude will get you there, and bummshyt will take you over the top.
But look how far ass kissing will take you:
A Z Z K I Z Z I N G (Z = S):
1 19 19 11 9 19 19 9 14 7 = 118%.
So the next time someone asks you to give more than 100%, you know what is required of you.
If that (not what you wrote but what she said) was true (???) it would be on the 4th of December, one year on the day after last year release of his business plan.
I will cross the river when I get to the bridge...
He said bye ... May be he went back to the other board he enjoys so much.
Amen!
Something must be cooking... Another new member on the board.
Curious however how similar they are in their way of confirming they KNOW and have no doubts.
To bad God din't make me as smart as all of ... HIM!!!
Am I glad all my investments are not that boring...
Following up on the comparison (Its like Lucy (Matin) and Charlie Brown (us)), I also have one... religious.
Looking at this stock you cannot even try to beleive positive or negative. There is absolutely no way to PROVE anything you may want or try to beleive. You either have faith or not going thru doubts whatever your position.
You can write pages demonstrating that this is a joke being played on shareholders or as many pages "justifying" (???) beleif that patience can only be rewarded.
The only thing you cannot do (as we say in french, in doubt...abstain) is dump your shares and be sure never to find out if you were right (not worth knowing it... it will then already be to late) or wrong (you could find out that your lack of patience did cost you a lot).
Will these shares, in whatever future, be worth 40 cents, 5 cents, $1 or nothing??? Only a crystal ball could help but such thing doesn't exist.
Matin is either the worst azzhole I ever found on my way in life or an incredibly stubborn honest worker, trying to get an outfit out of its troubles, so the company can survive, grow and become great with time... or anything in between.
Whatever the case, he (justifyably or not ... who knows???) keeps everyone in total darkness saying there is light at the end of the tunnel (not saying however if it's from an exit to sunlight or a train coming to kill you???).
Faith or doubts, no way to know till "god Matin" (notice the small "g") decides to let you know.
Is there an Hell after death?
Is there heaven after death?
Is there a God?
Is there a Veltex?
Is there a Matin?
Whatever your answers to these questions are, PROVE IT...
God said "I will come to pick you up as a theif" and only he will decide if you should go to hell or heaven or somewhere in between till you can enter heaven ... at least that's what I was told when I was young.
I also was told that I had to (keep my stocks) have faith (blind faith even) if I wanted to even have a chance ... TO WIN and suicide (selling my stocks) only garantied that I most likely not end up in heaven.
Till the final outcome, whoever and wherever you are be good.
If you also happen to be americans
HAPPY THINKSGIVING!
Hope you get it soon... You realy wrote 0.40 and not 0.04 ???
Just kidding. Personnally I shall seell few on my shares on my way to meet your price.
150,000,000 shares
multiplier of (let's be optimistic) 15
PPS of $0.40
that assumes a EPS of $0.0267 or $4,000,000.00 net profit excluding the possible speculation that could increase the multiplier. However, textile/transport are not technology...but who knows???
He! if we have a nice dream why set limits?
The maniac even write to me off the board (directly in "mailbox".
I assume him to be one who escaped when you did shut down the institution he was in.
Another alias for this stupid S.O.B. Don't you guys in U.S. have houses where they keep these maniacs. What a pain in the Azz this guy is. You try to get rid of him one way and here he comes again another one.
I may be wrong and write the following respectfully, but wasn't it you that was supposed, a few weeks ago, to ride 150 miles or so to take pictures of whatever is possible to see at Veltex?
I garanty you that if I was living that close from their "new site", I would already have been there a few times to check it for myself.
I am far from convinced that we will see credible, verifyable, detailled audited financials before December 10th or even year-end for what matters. However, if we do not get serious information (and I do not mean a news telling us that the company now use a pink bathroom or other insignificant meaningless fact) I for one will keep my shares (I can afford to loose the left over $ 1250 I still have in there but I will loose all imterest as I did from Sept 99 to Oct. 2002.
May be then, I will be justified to look at it again by year end 2006 ... Who knows.
What bugs me is that, whatever the state of the outfit, Matin seems not to care whatsoever about PPS and I have to presume he owns some (apparently not in a rush to sell them). Even worst, if the company needs to issue new shares for cash, why is there no serious effort whatsoever to get more than half a penny per share? Could it be that he (or close one) is on the buying end of the process also (reversed scam)??? till he has enough to open his Kimono and show what he has under???
Scam, company in temporary difficulties or gold mine, whatever scenario you try to imagine, there is no possible logical explanation for Matin's behavior ... unless he is totally crazy which I prefer to doubt, considering I am still around.
I'm telling you, one day one of us may write a book about that and readers will think it's fiction!!!
Personnally, even if you have reasons to write what you do, I still look at 10 working days left till December 10th.
I however hope that your view will prevail ... but do not hold my breath for either dates. I just try to enjoy the wait.
Our system recommends HOLD as of today. Previous BUY recommendation was made on 11/12/2003 (12) days ago, when the stock price was 0.007. Since then the stock fell -27.54% .
Today the stock closed lower, at its low (sign of weakness) with a lower high and a lower low. The volume is low. The security price is trending sideways.
http://www.americanbulls.com/main/StockPage.asp?CompanyTicker=VLVT%20%20%20%20%20%20%20&MarketTi...