Veltex Corporation (VLXC)

[pual]

Interesting calculation but, as we all know, it is based on VIRTUAL numbers given by someone having lost all credibility within its shareholders community.

I however also wonder who bought thes 30 to 40 millions shares in the recent months. May be the gambling industry is healthier than many other industries in these difficult days ???

Let me add one virtual exprapolation.

For us to now see an EPS of $ 0.01, Veltex will have to generate a profit of $ 1,200,000.00 on revenues of let's say $ 15,000,000. In this case our shares could be worth between 10 and 20 cents a piece (multiplier of 10 to 20 being reasonnable these days). That would mean a capitalization of $17,500,000 plus or minus.

That would be quite far from Matin's ridiculous previsions of last year but quite an interesting outcome, considering where we now stand.

However, we are in fantesy island having nothing serious to base our analysis (???) on but company supplied unverifyable information.

Still this message board is interesting and give us the opportunity to dream. Let's see what the situation will be whenever we get our wakeup call ???

Thanks to those contributing to this "amusement".