Veltex Corporation (VLXC)

[Growth And Value]

GratziPrego:

Look, you have to ask yourself, What promises has Matin kept?
Answer NONE

2004 Audit? he kept delaying, delaying, and finally he doesn't even mention it anymore, like oh well, too bad for you shareholders.

Why Doesn't the Veltex-Explorer website work? How can he be making all those sales with no internet option for customers?

Veltex doesn't own Velvet Textile Mills.

Veltex is involved in a lawsuit with Gidget for failure to comply with the contract.

Veltex Never acquired JOhn Daly Enterprises as touted several times. Sure anyone can BUY a license, but that costs money.

KCA was acquired for about $10 - $20 thousand in VLVT stock.
It's a very small sweatshop, that has maybe 10 people at most. It's not producing the $16.2 Million Sales Claimed (per Matin 2004).

At best, this co. is breakeven or a few pennies profit PER YEAR.

In my opinion, the fair value is not more than $0.34.

If I were you, I would not average down and face even higher risk of loss of capital.

I lost alot of money believing Matin's P.R., O.K., some will laugh at me. Hey, I didn't know until I went to the Vegas Trade show and later found out the RN numbers on the apparel didn't match Veltex's or any of the subsidiaries.

Matin is good at fooling investors, I'll give him that. Unfortunetly, a lot of honest investors have lost alot of money along the way.

I care about other investors, I don't care for dishonest people like Matin. If you find anything that I said here as not being accurate, I'll give you $15,000.

Good luck!