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Re: dagnyish post# 1535

Thursday, 07/17/2003 11:15:31 PM

Thursday, July 17, 2003 11:15:31 PM

Post# of 19549
No problem my freind.

As you know I do not even try to say that Veltex WILL OR WILL NOT end up being an investment giving some kind of return or a total loss, considering I have NO FACTS to support one or the other thesis.

Notwithstanding what the future will reveal, FOR THE MOMENT Veltex is definitely to blame for a lot, considering the overall (volontary or not) mishandling of everything they seem to be touching, them having or not the control ot the situations. FOR THE MOMENT I am not pleased with anything they have done and said and I blame them for it all.

I do not mind trying to empathize with the company but I would find it much more easy if the company did show some respect for their shareholders. This is not a "shooting from the hip" on my part but a well tought comment on the incomprehensible behavior of this outfit.

In the ongoing context, whatever is written on this board or any other one has no impact whatesoever on the price of our presently worthless shares (total capitalization of + or- $ 500,000. I do not care what is being repeated over and over again, positive or negative, it has no bearing on the value of our shares which only reflects the total distrust the company has caused by its numerous misleading comments, not filled promises and releases.The only reason our shares navigate in sub-penny territory is the lack of credibility the company has.

You may consider these comments to fit your "artificial knee-jerk negative thinking about the company" but personally I view them as an accurate description of what the situation IS FOR THE MOMENT.

Not being totally stupid, I certainly HOPE that the FUTURE will change the above and, as we both know the only acceptable initial step toward such a change would be the release of credible audited financials".

To be honest, till then, for as much as I would like to be able to beleive that we are not being manipulated, I cannot intellectually justify being positive about the situation as we now KNOW it.

So I end this message on a positive note, the only reasons I want to stick around are:

-The continuous involvment of V.Duff who has good credencials as per her internet site
-The consitency between what she wrote to me 8 or 9 months ago (see my message of last night) and the content of the company release of last June 10th.

Let's hope that the company having been burnt multiple time in the past has in this released played it very safe when they committed to release audited financials before year-end, in September, the earliest.





Patiently,

Roger