Veltex Corporation (VLXC)

[Mastman]

You forget some necessary pieces of the equation.


Low P/E Ratio - You are assuming that earnings are as stated and we know they aren't because of the recent "gross profit" reported.

Thinly traded stock - Ok on this one

Growth in Revenues and Net Income - Once again this is unverified.

Stock Buyback for Stock Dividends possible - Anything is possible. Stock buyback stopped at 333,000 shares and dividend was a 10/1 split signifying nothing of value.

Contracts with Sixteen Major Retailers - These are existing with the retail supply business that was acquired from the Canadian corportation the Matin does not wish to name.

Ratio of Market Cap vs. Revenues relatively low (stock undervalued) - Once again you refer to revenue that is not verified.


I will allow that if any of the earnings or revenue figures are verified then you are 100% correct. Until then all you have is conjecture.

I do like you spirit, I'll give you that too.