Roger, I suspect you have been following this situation for some time now. I have been in contact with Javeed Matin through e-mail and my most recent asks Matin for a press release. Here is a copy of the e-mail i sent him and you should reread the press release right after. It is very strange how the requests in the email are indicutive to the press release.
>Subject: Attn: Mr. Matin!
>Date: Wed, 4 Jun 2003 14:18:23 -0700 (PDT)
>
>Mr. Matin,
>
>I have not spoken with you (via e-mail) for some time now and am
concerned
>with the current operations of the company. I have recently received
an
>e-mail from Victoria Duff, whom has graciously answered some of my
>questions to the best of her ability. She told me that as Veltexs'
>Corporate Advisor, she recommended that you should not release ANY
>information regarding the audit until it was 100% completed. I
understand
>the trouble the company faces with the "bashers" on the message
boards,
>believe me, they are as hard for us (the shareholders) to read as they
must
>be for you. But, in the concern for the shareholders, I am requesting
some
>sort of press release that can help stimulate the stock and hopefully
bring
>back some of the trust the shareholders have recently lost in yourself
and
>the company. All do respect, this is not a criticism; instead a way
for
>Veltex to let the shareholders know operations are still foregoing.
>
>Further, I understand how setting a timeline for the completion of the
>audit is simply out of the question. I am sure that
>management has the same concerns regarding the audit as do the
>shareholders. With that being said, it was brought to my attention
that
>the phone system was down due to an increase in customer demand and a
>change in the phone system. Maybe it would be wise for you to release
this
>information to the public, along with a brief explanation regarding
the
>audit. Anything that can stur up the trust in this company will be
very
>beneficial for all of us!
>
>Mr. Matin, I am not asking for much. I am trying to understand what
is
>exactly is going on and hopefully you will be able to clear up these
>issues. You don't have to mention the name of the firm conducting the
>audit nor when it will be completed. Just let the shareholders know
that
>although it has inconvenienced ALL of us, it will be completed!
>
>I hope you take my suggestions into consideration and would like to
hear
>back from you as soon as possible. Thank you for your time and
honesty!
Then he wrote back to me, "Thank you very much for your suggestions. I am sending your suggestions
to
my other advisors to consider. I am with you. I will try my best to
issue
this release soon. May be on Monday."
Veltex Corporation
21700 E. Copley Dr. suite 170, Diamond Bar, CA 91765
Phone # (909)612-0012, Fax # (909)612-0050, info@veltexcorporation.com
I believe the pr came out on tues or wed.
