Veltex Corporation (VLXC)

[GratziPrego]

RE: VLXC, here are some thoughts:

1.) Veltex Corporation has made Impressive acquisitions over the last couple years
2.) Veltex Corporation continues to achieve major increases in Revenues and Net Income
3.) Veltex recently issued a 10% Stock Dividend as a sign of its successful performance
4.) Veltex's current acquisition of a division of a Major Canadian Retail Supply Chain includes the brands and
licenses of the acquired company, and contracts with CostCo, Sears, Bay's, and Zellers as clients.

However, there seems to be some major concern about what Veltex is really comprised of as a whole and the tardiness of the Audited Financial Statements every year.

The Audited Financial Statements seem to mostly display lower Revenues and Net Income than the Unaudited Reports, why?

Press releases constantly imply and state directly that VLXC is undervalued. If this is so, then why would the company be using these shares for acquisition purposes rather than holding on until the shares are reasonably valued?

Best wishes.