Veltex Corporation (VLXC)

[pual]

Here is what I got from what Roger wrote:

Matin would not be a very good person to do business with and/or is a tough nut if what he tought he was dealing for, is not as expected.

Veltex did not provide the audited financial statement as had been promised by management.

Information and allegations came to me from several sources relating to other Veltex business matters. While some of the allegations are potentially serious, if true. I have no personal knowledge of these several matters.

While I have no direct knowledge, I have heard that cash flow has improved these past 2 months.

I do not know about you but to read that Matin is (to say the least) a bad manager, he hasn't produce an audit and is the object of rumors is not something I am impressed with.

Interesting however is the answer given by an insider confirming that there is a company, there will be an audit one of these days and the company would be generating some cash.

My impression re: the audit is that for it to be terminated and signed by accredited auditors, it must be quite a challenge considering the apparent Matin's way of managing the company moving very fast in a seemingly very messy manner.

I do not hold my breath but I beleive the bet is not yet lost but the odds are still very poor.