Veltex Corporation (VLXC)

[pual]

I agree with that.

Not beleiving that Matin is stupid and knowing he has a lawyer and business partners, I beleive that he is setting up the stage to "gracefully" get rid of the Bengladeshi subs, for 2 reasons:

- He kept for a long time including Bengladesh's revenues in his financials, even if he did not have control of it,

- In any case, serious auditing firms did not accept numbers having been audited out there.

From what I can see (look at the bottom of this morning PR), he gradually remove some of the Bengladesh financials from his forecasted numbers so that, by the time he reached $100,000,000 revenues he will be able to spin it off with minimum impact.

I beleive he tries (advised by his lawyer) to do over time what he failed to do at his 2004 BOD, repair a less than legal situation before he can normalize the company (after all he also owns share).