Veltex Corporation (VLXC)

[pual]

Interesting exchange going on but the fact of the matter is we do not realy have a clue of what is going on between the walls at Veltex.

If I want to convince myself that this must be a scam, I have plenty of (stupid) excuses by reading the other board.

If I want to hope that this may be a serious company trying to normalize its operations, much of the reasonning exchanged herein justify some (a little) hope.

Now lets approach the financing question within this second context.

If you assume that most of the audit is done but out of the country informations are missing to complete it, you can justify the delays, you can imagine that a bank, having access to the audit in its current state directly from the auditors with Matin's blessing, would know more than the market and you can assume that financing could be optainned against assets.

That's a lot of assumptions but what else can we do but assume in view of justifying whatever beleif we want to justify.

Personally, I beleive nothing but this bet will be lost or one I will gain a lot from.

Enjoy reading your points of view. Thanks...