Veltex Corporation (VLXC)

[pual]

As I often said before, I PLAY with 5% of the value of my portfolio buying pinksheet stocks offering high profit potential against high risk of loosing it all. Whenever I do, I mentally write off this money right then.

VLXC is one of the 5 such stocks I actually own (thereby pissingoff my broker) and I must say that this environment is quite a playing field for incompetent business people, manipulators and outright sharks, exploiting the naivety of small dreaming shareholders (I include myself in there but call myself a realistic dreamer).

Birds find food in menure but there still is a lot more menure than food in a bunch of horseshit.

Seem to me that these penny stocks taken attogether are the same. There may be one or a few worth the risk in there, but you better (as I do) play with money you accept to have lost the day you throw it in.

I had a few good experiences (up to now more than covering my assumed losses (still have some presenting hope) but not making me the great return I have been "dreaming of").

I now have decided that enough is enough and I will not buy anymore stocks in this playing field.

I hope VLXC gets alive once more so I can get my money back. I honestly doubt this could happen within the next year or so (Matin is in no rush to resolve the situation, if he can, having a great job (I was told he gets $750,000 per year salary ... plus expenses he approves himself) !!! Why should he worry.

Pissed ?

No. I knew what I was getting involved with when I decided to average down when Matin came back from Bengladesh.

Disappoiinted?

Yes, I did not figure out initially how incompetent Matin was (still not beleiving he is just an outright crook). This being said, he must rightfully feel pretty happy with himself, having created such a great job for himself.

Bottom line, I sit on my shares and wait for the end of the adventure or getting my money back.

I also will keep following my other "long shots" hoping that one of them will deliver as hoped for.

Whatever happen, I enjoy the message boards discussing these stocks and this fun has a value I must recognize.