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With all due respect,
I hope we will not start to discuss the garbage written by this sick maniac on this board also. The other board is totally poluted by him and the responses to his rambling.
As crazy as he is, he must realy enjoy the attention he gets.
Roger
Very nice references thanks
However, my problem is all these do quote company releases (congratulations to our PR firm for a very effective job).
What I look for are quotes from secondary sources having independantly searched the situation (The closest we got to that, to my knowledge, is the analysis made by StockProwler last September).
I hope it comes up soon. Till then, all that noise coming from a single source is certainly better than nothing.
Roger
Thanks.
As for the ranting and raving of textileguru and some other similar criminals, I have a feeling that, if this opportunity becomes reality, Matin will have the time and ressources to find them and give them their due....
Let's assume you are Matin, all this damaging writing is false, you succeed in putting back the company in a normal situation and everything goes as promissed... What would you do then ???
As we say in french "revenge is a plate you eat cold".
I am reputed to be a very forgiving person but in this situation, I would have no limit in getting these people what they merit ...
Roger
I couldn't have said it better.
Up to now, we have commitment of someone having to change the PERCEPTION of him, consequence of past errors he did recognise in a recent release.
Filling his commitments (audited financials and normal reporting) in expressed delays (90 days or less) should correct this PERCEPTION and render whatever recent releases he made (more) credible. In such a context, I would expect the price of our shares to become close to 5 times the EPS showned by the audited financials.
On a longer term (12 months???) getting a listing on a more credible exchange should rapidly get the multiple in the 8 to 10 area.
On the other hand, failing to meet the first set of commitments would be desastrous.
That is why this stock is actually very speculative and presenting a high risk.
BHuying in a position with money you can afford to loose is therefore appropriate but adding to the risk if you actually have a good position is not recommended at the present time.
Having been burned in the past by a OTC-BB company promissing great future, being promoted by successfull and reputed individuals, having audited (admittedly bad) financials and reporting normally, I beleive that prudence is critical for the moment.
As we say in french "cat having been burnt by hot water are scared of cold water".
Roger
If your message does refer to me, to the best of my recollection I never mentionned that I was to visit Veltex from Montreal. However you may refer to a set of messages (not serious ones) we had on the other board earlier.
Roger
A very happy and healthy 2003 to all.
May our leaders behave so peace is maintained in the world.
May the first quarterof the year in particular also bring us what we expect from Veltex.
Roger
Roger
I would assume so but someone else may be better informed.
Roger
Sorry...my error or wrong interpretation of what it was specifically. However I did assume that the handout and the presentation were if not the same, covering the same.
Roger
You may also want to use the content of the following message just posted on the other board:
By: TheSkeptic
30 Dec 2002, 11:29 AM EST Msg. 9431 of 9439
Website of "OTC Live" VLVT's new Investor Relations company.
VLVT will be everywhere very soon!
http://www.otclive.com/index1024.html
Do your own Due Diligence...make the phone calls and you'll all be convinced that Veltex Corp. is for real!
As a Skeptic, I do a thorough job of investigating companies because I've been scammed before (as many of us have).
From my extensive DD, Veltex is definitely for real folks!
Please call Veltex Corp Toll Free: 1-866-483-5839 in Diamond Bar, CA. (Speak with Mr. Matin, Roger Brunetti, or Theresa) Order your investment packet and Business Plan CD (It was shipped to me via UPS Next Day Air) Very professional!
Please call All Coast/MultiModal/Veltex Transportation Toll Free: 1-866-284-4291 in Memphis, TN (Speak with Andy Friedel (who is in Florida as I type this purchasing more Veltex trucks) or Tommy Hoffman. They will set the record straight for you regarding the legitimate trucking business VLVT is currently implementing.
IN Q1, VELTEX TRANSPORTATION WILL HAVE 200 TRUCKS IN OPERATION!
Be responsible and make a few FREE calls! You won't be disappointed!
TheSkeptic
Roger
The following is what I can contribute to your question relative to available DD tools.
-The company site can be found at: http://www.veltexcorp.com/about_veltex.htm
-Company news releases can be found from many sources but they are all available at: http://quotes.freerealtime.com/rt/frt/N?IM=quotes&symbol=VLVT&type=News&SA=quotes/News
Reading these, you will be directed to interviews that you can listen to relative to some of the recent announcments.
-The StockProwler article I refered to earlier can be found at: http://www.stockprowler.com/previous_picks/9-15-02.html
DunitB4 did copy on the other board the content of a presentation made by Matin a few weeks ago. You can get that at: http://ragingbull.lycos.com/mboard/boards.cgi?board=VLVT&read=7754 and the following 9 posts of his.
If you want my own opinion on this presentation, you can see it at: http://ragingbull.lycos.com/mboard/boards.cgi?board=VLVT&read=7870
I am sure some can add to this but for a new comer, this base could be useful.
p.s. Victoria Duff's CV is available at: http://www.ryze.com/view.php?who=toryduff
Roger
She is the single most important reason for me to keep some faith that this speculation may end up be a good one. Not that I know her specifically (I talk and exchanged some e-mails with her a few time) but,as you say, we have her resume and we can find out some information on her.
The other positive I keep in mind is the article StockProwler released on VLVT, last September 15th. The article ended as follows:"VLVT looks to us like one of the best speculation plays we have come across in quite some time? keep your eyes on this one." The key word therein being "speculation"
FWIW I noted the following note as important to the content of that writeup: "Stockprowler.com did not receive compensation of any kind from the company or third parties for writing this report. Readers are urged to contact the company and do their own due diligence before investing in this or any other stock."
Roger
Best wishes to vlvt and its owners (shareholders) in 2003. May this (speculation) company become what we want it to become!
I hope the following to be our lucky 7 in 2003:
1-The company will release audited financials as promissed
2-The company will report as promissed
3-The company will get listed on another market
4-The company will find ways to better communicate with the market
5-The company will release the names making up a credible BOD
6-The company will successfully integrate recently acquired assets
7-The company will refrain from unduly diluting shareholders
If the above wishes do materialize, the shares should be worth dollar(s) instead of pennies before the year is over.
For those calling it a scam, it would be one (Matin, his team and shareholders would make millions and these non beleiver will be left out dry with no shares).
Roger
Absolutely right
Increasing the number of shares before each and every of these steps have been completed would be irresponsible ... to say the least.
The final picture of what this company realy is and the demonstration that recent acquisitions are under control must be well understood and verifiable before this company goes to new ventures.
Agreeing with the requirement for all these steps, I certainly look forward to seeing a strong BOD made of people we can find out about and having an history of successes. Unless I missed something, up to now, trying to figure out general information on the actual management, from general information sources (I do not mean unreliable message boards or company based sources), the only person having a public CV generally accessible is V.Duff. Even if history is not a garantee of the future (I certainly hope so, considering past "errors" of Matin), it is certainly better than nothing...
Stong reputed BOD and financials audited by a credible firm are the only possible next logical steps of the evolution of Veltex.
Authorizing additional shares right now, for whatever reasons, would be a very good reason for many to jump ship. I, for one, would certainly reconsider my long position if this was to happen.
Veltex being pure speculation (scam or not ???) authorizing new share in this context would smell pretty bad...
Roger
Merry Chrismas and best wishes to all during the holidays!
Drive carefully, drink moderately and enjoy loving others in this period of rejoicing.
May our leaders (political and others) keep their sanity and make the right decisions for the good of all.
Roger
Note:
If you like Chrismas card go to post 123 and 124...
Roger
Calling these tactics childish is very polite. Personally I call them stupid.
However some lonesome, frustrated individuals love to use anonymity to make fools of themselves.
At least you can put them on Ignore.
Roger
To bad if you feel insulted but if you did look at the other board this morning, you should understand that some people are realy trying hard not to let others figure out what Veltex realy is.
The only serious question right now is: "Are all the releases issued by the company recently accurate or are they lies?"
Time will tell. Till then, the most important reason for me to stay in is V.Duff.
Not having the possibility to walk in Veltex' offices personally and see for myself, I have to try to see who is involved, doing searches on internet.
Looking at public info on this person, I see that V.Duff has a remarkable CV and has a lot to loose if she gets involved in a scam made of 3 cents shares.
If Veltex finally becomes what we want it to be, V.Duff will have been the most important reason for me to still be involved. The opposite would also be true.
Feeling that Veltex is a scam is O.K. with me. The problem is that feeling is only that, a feeling.
To turn around and issue hundreds of messages saying that it is doesn't make sense.
You either know of you do not.
I don't... I am SPECULATING...
Roger
Please be nice to us
I have this dummy on Ignore, as I have few more, so I do not have to go thru this garbage of theirs.
Would you be kind enough to not bring in here these ridiculous messages from a stupid frustrated individual. I do not know what his problem is but right off the start he obviously showed a mental condition making whatever he had to say irrelevant.
I still do not know for sure what Veltex is all about but this type of contribution is absolutely useless to try figuring it out.
My suggestion: If everyone was putting these guys on ignore (on the other board) it would be very useful to all.
Roger
I stand corrected. The fact we know is that 15,000,000 additional shares have recently been issued and we do not know who has them, how they were acquired and what they were used for.
Roger
If there is one thing that I am sure of is that "Relying on the "speculative" opinion of posters, may cost me an opportunity of a lifetime."
On the other hand, "Relying on the "speculative" opinion of posters, may cost me a lot."
As I said this is a speculative stock till we get reliable facts to consider. We may have to wait for promissed audited reports to get some...
Roger
IF YOU HAVE KIDS, LET THE CLICK ON THE ARROES
http://cartes.chezmaya.com/noel/noel.htm
ROGER
Roger
WHATEVER SIDE OF THE SPECULATION YOU STAND FOR...
MERRY CHRISMAS TO ALL !!!
ROGER
http://www.jacquielawson.com/viewcard.asp?code=0251712241
Roger
Am I missing something here?
I would like to share your enthousiasm but saying that "All Coast, THE affiliate of Multi Modal" seems to me to "put the wagon ahead of the bull" (french expression).
The release of Veltex mentionned:
"MultiModal is an AGENT of All Coast -- allows access to over 400 trucks."(November 4th, 2002)
Some follow thru as follows:
"All Coast is a fast growing company in the transportation industry."
"Truck drivers wanted at All Coast"
"MultiModal address = All Coast address"
Can we realy say that All Coast = MultiModal = Veltex = All Coast ???
How many agents does All Coast have?
In my industry (IT) everybody is affiliated with IBM, IBM is the agent of thousands companies. That doen't say much about a company and projecting IBM's informations as applicable to companies they deal with would not be appropriate ???
Roger
I was just thinking about it ???
Free Advise: Your concerns are the same as mine. Evaluations based on what we know are leading to reasonnable doubts.
How, having made money up to now can they justify dumping 15,000,000 shares at 4 cents to pay dayly expenses.
Assuming they need this small cash, how were they able to obtain financing to buy everything they recently bought.
I assume these to be the reason this stock is actually highly speculative ...
Roger
Bashers
In my opinion, it is much simpler than that. These people are day traders (small ones) playing with $1000 transactions, selling buying low (let's say 30,000 shares at 3.5 cents) and selling high (lets say at 4 cents), making small profits ($150) multiple times.
The reverse sellig short and buying back is another way of doing it.
A buying or selling position being in place, they get on the message board and try to scare the s.hit out of someone to sell or buy at the desired price.
Then they start over again.
May be some people are paid to infuence others thru message boards but I do not beleive it to be the case in such a small value stock
Another alternative is that these dummies are just dumbs people enjoying these "chat" lines. If people were not continuously answering them, the fun would be out of the game and they would fade away...
Roger
You may or not be right but ...
Reading your post, I did try to figure out, assuming to be one receiving share in lieu of payment, what my behavior could be and why.
If I was rendering services for the company and accepted shares as payment for them, I would certainly be very close to those managing the company. Therefore I could discuss "face to face" with them what it is they are doing, over and above what I would personally be be able to withness being involved in one of their activities. I therefore could develop a feeling of what the prospect of this businees will be.
If I rapidly turn around and sell the shares for whatever price I can get (3 or 4 cents), doesn<t that tell tou something ???
15,000,000 shares have been issued ( $600,000 worth)since July. Thats $150,000 per month. Assuming they were used to pay for services, I assume these services were involving close relations with the top of the company (accountants, lawyers, PR/IR people, ...) therefore visibility on what is cooking in there ...
Roger
Hope you enjoy your coffee.
Let's not forget that message boards are interesting but in no way reliable ... whatever scenario you want to beleive in.
My own frustration come from the fact I KNOW, at least V.Duff reads these boards, and I see nothing coming from the company to address MAJOR DESTRUCTIVE COMMENTS therein made.
In this specific case in particular, this makes no sense, even justifies unnecessary doubts (even for those having personally seen for themselves).
Roger
I do not disagree with you.
What you say is true in general (your parphrasing of MY comment :"Victoria Duff called me personally because she doesn't want to put anything in writing" is however not reflecting what I effectively said and corrected multiple times).
However, my point is that the company must find a way to help the market validate that it's honestly trying to implement a "restart" or fresh start.
I often illustrated (see past message on the other board) that communications from the company are generally confusing by what they do not say ("we have over 100 customers, not naming a single one" as an example). The company and its IR firm must become more transparent, more complete in their communications and help the market find secondary sources of information to cross check what is written (or said) by them.
In no way do I suggest this to be a scam but there is no way to confirm that it is not and this is required considering history.
Suggesting that we should all call to hear what has already been written is almost useless and I agree with you, assuming that this is what we want it to be, totally anti-productive.
Communication, clarity, transparency, precision, ... This is what I ask for.
As for "VLVT is a SCAM" "VLVT is a SCAM" "VLVT is a SCAM" having put these dummies on ignore (I wonder why everybody is not doing it?) I haven't read that in a long time ... Thanks God...
Roger
I think it's a great idea.
Any suggestion you can make to help them communicate in a more verifyable and reassuring way with the market should be helpful.
Notwithstanding commitment for audited financials within the next few months, the company must help the market do appropriate DD on what and who they realy are. Past releases are great but almost everything therein is close the impossible to verify because info is (purposely ???) left much two vague.
p.s: I just notice that you are from Alberta, Canada. If you are interested, I suggest you have a look at ( http://www.circatel.com/ ) : "Circa has its head-office in Calgary, Alberta, Canada, with fully integrated manufacturing, service and distribution facilities." (CTO on TSE).
Very interesting, apparently unfound little jewel ... I think:
-# of Shares Outstanding: 9,304,650
-Earnings/Share (trailing 12 months): $0.19
-Price $1.55 (+ or -) (multiplier of 8
-" its Board of Directors has approved a special cash dividend of $0.30 per common share payable to shareholders of record as of January 10, 2003."
Roger
The previous message was for you, sorry.
Roger
Only two questions
Do you have a plan to help actual and potential investors to validate, thru other sources (customers, suppliers, analyst, medias,lawyers, auditors or whatever) that things we read about you and the company are false?
When do you expect it to be done?
Audits are one thing but these days, credibility of the top execs is as important, if not vital. Letting all what is written on him go unanswered is extremely damaging. Letting it go for a few days is acceptable but for months with no reaction whatsoever, renders this already speculative situation a total gamble.
I know V.Duff reads the boards (she told me) therefore he knows that anyone looking at the company reads that he is a crook of first class repeating past "crimes".
Faith is fine but blind faith is not very smart, anytime but even more nowadays.
Roger
Thanks
If I may add two comments;
Having been in marketing for over 30 years, I understand that some customers are reluctant to be referenced but, this being said, there are always some that are more tham happy to be. It takes effort to find them and jointly prepare statements that are acceptable by both parties.
Second, I can accept that it was a "first time around". However, our management needs help rapidly since they have committed the same sin in most of their recent releases.
Matin obviously needs help in preparing his presentation and he must be able to add precisions to his affirmations.
Names, dates and other specific details must be included so his audience can check him. After all, he honestly wrote recently: "I am sorry to say our efforts to get information out to the shareholders and public were simply not good enough.".
That does create obligation to specificities.
I am very happy to read that V.Duff (the only person we can checkout somewhat from her public CV...my opinion) mentionned that: "a lot was learned and there is recognition that a lot of improvement is needed".
We shall see.
Roger
For those not looking at RB board
My view on VLVT is that it is highly speculative, looks good but we do not realy have the possibility to validate company's information from second sources.
Recently (Dec 7th) Matin presented his plan of action, it was covered in details on the other board and I studied it as well as I could.
Following are my comments (negative but honest) on that presentation:
I Read the material given to us by DunitB4
A week has past since Matin's audience received that material and the stock value hasn't changed. Now I think I know why..
As with the recent releases, this pitch is very vague and trying to oversell therefore has very low credibility (the worst ennemy of a selling effort).
Additionally, even when the possibility to be specific did exist, Matin did blow it by remaining unnecessrely secretive.
"The company already supplies the largest discount department store in the nation, and has just signed a deal with a 100-year old national department store chain.". Nice opportunity to be specific but...
Other examples:
"Veltex is a regular exhibitor at textile and promotional products trade shows, worldwide.". Why not give names and dates of at least a few...
"Go Vacations currently has under contract over 100 resorts." Dropping the name of 2 or 3 would have been nice...
"Veltex also employs a sales staff and has sales agents throughout the world." Could have expanded a bit...
"As of July 15, 2002, the number of shares outstanding stood at 27,393,808, with an estimated float of 9-million shares." Why in the world quote a four months old figure?
These are only few examples of missed chances to add credibility to his presentation.
Describing for half his time the industries he is targetting does not add to the information his audience was looking for, trying to assess a pink sheet stock. That the markets do exist is fine but being very specific in explaining how you are going to get your market share would have been very important. As an example, naming some existing customers of the different units would have been nice. Not doing it, an audience start to wonder why there is no secondary sources given to help validate the information given.
Matin having been away for two years, reading his material, I felt that he was presenting as all the dotcoms were 3 years ago. Unfortunately, investors now found out that between potential and reality there is quite a step to make. The time when enthousiastic promisses were sucking in investors is history. Now that the bubble has been blown, we are much more demanding and want specific checkable secondary sources to validate the effective potential of an organisation.
Personally I still think that the first step toward credibility will be audited financials and normal "quaterly" reporting ("Each subsidiary will be responsible for providing audited year-end financials to Veltex" ...Matin should have added that quaterly report will also be produced on a timely basis.)
Second, transparency will have to become an objective of the company and specificity will be mandatory, considering history. We must be able to at least know what has been done and know it in a way making validation from a second source feasible.
Finally, Marketing the company will have to be done by a professionnal sales person having both experience in selling and understanding of what the basic techniques of the art of selling are. Matin and those having developped this presentation definitely do not have it. They may be outstanding in different disciplines but selling and marketing is definitely not their bag.
Having read everything I could find up to now, my position remain the same:
-This could very well be a scam (if so however, it's not working very well, considering the value of the share after 3 months of major activities)
-This could very well be a great project that, if successful,
could make us all much richer (If it end up being what they say it will be, within 3 months, Matin will be on Moneyline in April and be the market story for years thereafter.)
However for this "project" not to become another dot.comm type of dream, realism and requirement to be credible will have to be taken into consideration.
Concluding this quite empty speech Matin said: "the company anticipates a stock price of at least $2.00 to $5.00 per share by the end of the First Quarter 2003".
How would you have reacted sitting there and having listen to him for 20 minutes. He is buying companies and will buy some more with shares worth 4 cents, he gets millions of financing for a company having a capitalisation of 1 to 1.5 million dollars and he will multiply the value of his shres by 50 to 125 within 3 months ??? and we have no way to check.
I think that what we saw last week in the market, gives us the answer.
To nice to be true but, just in case, let's put spare money just to see...After all I built my life on a blind date ... and never regretted it...
Let's keep our fingers crossed...
Roger
Thanks
By the way I am the RB Regor23. Was not able to register under that name here.
Roger
Hi,
I finally came to join you, hoping to read additional information on this company and writing in my personal comments. My primary board message will however remain Raging Bull where I have 6 alias on Ignore.
Presently I own 30000 shares of Veltex and consider this holding as highly speculative, considering the actual legal situation of Veltex (financials, reporting, ...).
Personally, I accept to wait till April 1st, 2003 to make a final assessment of this speculation of mine, based on released company<s commitment.
Just in case...Is ther an Ignore function in here. Thanks.